Mistras Group Inc (MG) - Net Assets
Based on the latest financial reports, Mistras Group Inc (MG) has net assets worth $235.65 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($578.78 Million) and total liabilities ($343.14 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Mistras Group Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $235.65 Million |
| % of Total Assets | 40.71% |
| Annual Growth Rate | N/A |
| 5-Year Change | 17.29% |
| 10-Year Change | -14.71% |
| Growth Volatility | 12.63 |
Mistras Group Inc - Net Assets Trend (2007–2025)
This chart illustrates how Mistras Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Mistras Group Inc for the complete picture of this company's asset base.
Annual Net Assets for Mistras Group Inc (2007–2025)
The table below shows the annual net assets of Mistras Group Inc from 2007 to 2025. For live valuation and market cap data, see Mistras Group Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $235.65 Million | +18.48% |
| 2024-12-31 | $198.90 Million | +4.41% |
| 2023-12-31 | $190.50 Million | -4.15% |
| 2022-12-31 | $198.75 Million | -1.08% |
| 2021-12-31 | $200.91 Million | +1.87% |
| 2020-12-31 | $197.22 Million | -31.05% |
| 2019-12-31 | $286.02 Million | +5.51% |
| 2018-12-31 | $271.07 Million | +0.10% |
| 2017-12-31 | $270.79 Million | -1.99% |
| 2016-12-31 | $276.29 Million | +12.77% |
| 2015-12-31 | $245.01 Million | +1.08% |
| 2014-12-31 | $242.39 Million | +15.27% |
| 2013-12-31 | $210.28 Million | +8.81% |
| 2012-12-31 | $193.25 Million | +15.38% |
| 2011-12-31 | $167.49 Million | +28.29% |
| 2010-12-31 | $130.55 Million | 0.00% |
| 2009-12-31 | $130.55 Million | +373.89% |
| 2008-12-31 | $-47.67 Million | -95.22% |
| 2007-12-31 | $-24.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mistras Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3258100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.85 Million | 2.91% |
| Common Stock | $499.00K | 0.21% |
| Other Comprehensive Income | $-29.11 Million | -12.35% |
| Other Components | $257.40 Million | 109.23% |
| Total Equity | $235.65 Million | 100.00% |
Mistras Group Inc Competitors by Market Cap
The table below lists competitors of Mistras Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Anup Engineering Limited
NSE:ANUP
|
$446.74 Million |
|
Sunplus Technology Co Ltd
TW:2401
|
$446.79 Million |
|
WONIK Materials Co.Ltd
KQ:104830
|
$446.86 Million |
|
Guangzhou Shangpin Home Collection Co Ltd
SHE:300616
|
$447.14 Million |
|
Sports Toto Berhad
KLSE:1562
|
$446.60 Million |
|
Nawi Brothers Group Ltd
TA:NAWI
|
$446.49 Million |
|
Hey-Song Corp
TW:1234
|
$446.31 Million |
|
Changshu Tongrun Auto
SHG:603201
|
$446.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mistras Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 198,568,000 to 235,645,000, a change of 37,077,000 (18.7%).
- Net income of 16,837,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 13,571,000.
- Other factors increased equity by 6,669,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.84 Million | +7.15% |
| Other Comprehensive Income | $13.57 Million | +5.76% |
| Other Changes | $6.67 Million | +2.83% |
| Total Change | $- | 18.67% |
Book Value vs Market Value Analysis
This analysis compares Mistras Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $-1.20 | $19.28 | x |
| 2008-12-31 | $-3.69 | $19.28 | x |
| 2009-12-31 | $5.33 | $19.28 | x |
| 2010-12-31 | $5.33 | $19.28 | x |
| 2011-12-31 | $6.21 | $19.28 | x |
| 2012-12-31 | $6.73 | $19.28 | x |
| 2013-12-31 | $7.22 | $19.28 | x |
| 2014-12-31 | $8.26 | $19.28 | x |
| 2015-12-31 | $8.27 | $19.28 | x |
| 2016-12-31 | $9.17 | $19.28 | x |
| 2017-12-31 | $9.52 | $19.28 | x |
| 2018-12-31 | $9.21 | $19.28 | x |
| 2019-12-31 | $9.84 | $19.28 | x |
| 2020-12-31 | $6.76 | $19.28 | x |
| 2021-12-31 | $6.66 | $19.28 | x |
| 2022-12-31 | $6.56 | $19.28 | x |
| 2023-12-31 | $6.27 | $19.28 | x |
| 2024-12-31 | $6.28 | $19.28 | x |
| 2025-12-31 | $7.35 | $19.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mistras Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.33%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 2.46x
- Recent ROE (7.15%) is above the historical average (1.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 4.89% | 1.27x | 0.00x | $9.89 Million |
| 2008 | 0.00% | 2.61% | 1.38x | 0.00x | $10.26 Million |
| 2009 | 8.00% | 3.83% | 1.44x | 1.45x | $-2.60 Million |
| 2010 | 8.00% | 3.83% | 1.44x | 1.45x | $-2.60 Million |
| 2011 | 9.83% | 4.85% | 1.36x | 1.49x | $-284.70K |
| 2012 | 11.06% | 4.89% | 1.32x | 1.71x | $2.05 Million |
| 2013 | 5.54% | 2.20% | 1.41x | 1.79x | $-9.36 Million |
| 2014 | 9.30% | 3.61% | 1.40x | 1.83x | $-1.69 Million |
| 2015 | 6.57% | 2.26% | 1.51x | 1.93x | $-8.40 Million |
| 2016 | 5.24% | 2.11% | 1.42x | 1.75x | $-13.15 Million |
| 2017 | -0.80% | -0.31% | 1.26x | 2.05x | $-29.24 Million |
| 2018 | 2.52% | 0.92% | 1.07x | 2.56x | $-20.25 Million |
| 2019 | 2.12% | 0.81% | 1.04x | 2.52x | $-22.52 Million |
| 2020 | -50.48% | -16.78% | 1.02x | 2.96x | $-119.16 Million |
| 2021 | 1.92% | 0.57% | 1.20x | 2.80x | $-16.21 Million |
| 2022 | 3.27% | 0.95% | 1.29x | 2.70x | $-13.35 Million |
| 2023 | -9.18% | -2.47% | 1.32x | 2.81x | $-36.47 Million |
| 2024 | 9.55% | 2.60% | 1.40x | 2.63x | $-898.80K |
| 2025 | 7.15% | 2.33% | 1.25x | 2.46x | $-6.73 Million |
Industry Comparison
This section compares Mistras Group Inc's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $751,956,903
- Average return on equity (ROE) among peers: -25.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mistras Group Inc (MG) | $235.65 Million | 0.00% | 1.46x | $446.72 Million |
| ADT Inc (ADT) | $3.80 Billion | 13.18% | 3.22x | $5.36 Billion |
| Allegion PLC (ALLE) | $654.00 Million | 66.50% | 3.30x | $11.67 Billion |
| Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) | $26.93 Million | -287.25% | 9.15x | $113.86 Million |
| Brinks Company (BCO) | $482.40 Million | 15.44% | 3.99x | $4.42 Billion |
| BIO-Key International Inc (BKYI) | $15.62 Million | -32.44% | 0.14x | $6.20 Million |
| Brady Corporation (BRC) | $863.07 Million | 13.02% | 0.32x | $3.59 Billion |
| Concorde International Group Ltd Class A Ordinary Shares (CIGL) | $2.70 Million | 35.55% | 2.16x | $336.88 Million |
| CompX International Inc (CIX) | $155.26 Million | -1.94% | 0.20x | $286.76 Million |
| CoreCivic Inc (CXW) | $1.37 Billion | -3.78% | 1.55x | $1.83 Billion |
| Evolv Technologies Holdings Inc (EVLV) | $146.32 Million | -72.62% | 1.04x | $958.65 Million |
About Mistras Group Inc
Mistras Group, Inc. provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation inst… Read more