Mistras Group Inc
NYSE:MG
Income Statement
Earnings Waterfall
Mistras Group Inc
Income Statement
Mistras Group Inc
| May-2010 | Aug-2010 | Nov-2010 | Feb-2011 | May-2011 | Aug-2011 | Nov-2011 | Feb-2012 | May-2012 | Aug-2012 | Nov-2012 | Feb-2013 | May-2013 | Aug-2013 | Nov-2013 | Feb-2014 | May-2014 | Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
5
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
11
|
4
|
8
|
12
|
17
|
17
|
18
|
18
|
17
|
16
|
16
|
15
|
|
| Revenue |
272
N/A
|
285
+5%
|
301
+6%
|
316
+5%
|
339
+7%
|
362
+7%
|
387
+7%
|
412
+6%
|
437
+6%
|
459
+5%
|
482
+5%
|
512
+6%
|
529
+3%
|
552
+4%
|
571
+3%
|
589
+3%
|
623
+6%
|
654
+5%
|
704
+8%
|
716
+2%
|
711
-1%
|
725
+2%
|
713
-2%
|
710
0%
|
719
+1%
|
708
-2%
|
690
-3%
|
693
+0%
|
679
-2%
|
690
+2%
|
701
+2%
|
725
+3%
|
747
+3%
|
749
+0%
|
742
-1%
|
732
-1%
|
740
+1%
|
750
+1%
|
749
0%
|
731
-2%
|
655
-10%
|
611
-7%
|
593
-3%
|
587
-1%
|
640
+9%
|
667
+4%
|
677
+2%
|
685
+1%
|
686
+0%
|
690
+1%
|
687
0%
|
694
+1%
|
691
0%
|
692
+0%
|
705
+2%
|
722
+2%
|
736
+2%
|
739
+0%
|
730
-1%
|
707
-3%
|
702
-1%
|
715
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(189)
|
(198)
|
(210)
|
(220)
|
(235)
|
(252)
|
(270)
|
(287)
|
(307)
|
(323)
|
(340)
|
(365)
|
(381)
|
(398)
|
(411)
|
(424)
|
(451)
|
(479)
|
(518)
|
(530)
|
(527)
|
(531)
|
(521)
|
(514)
|
(516)
|
(506)
|
(493)
|
(495)
|
(487)
|
(501)
|
(513)
|
(533)
|
(545)
|
(543)
|
(535)
|
(523)
|
(527)
|
(531)
|
(531)
|
(522)
|
(465)
|
(431)
|
(414)
|
(409)
|
(448)
|
(470)
|
(480)
|
(488)
|
(491)
|
(493)
|
(489)
|
(489)
|
(490)
|
(490)
|
(502)
|
(513)
|
(520)
|
(524)
|
(517)
|
(504)
|
(502)
|
(511)
|
|
| Gross Profit |
83
N/A
|
87
+4%
|
92
+6%
|
97
+5%
|
103
+7%
|
110
+6%
|
117
+7%
|
124
+6%
|
130
+4%
|
136
+5%
|
143
+5%
|
147
+3%
|
148
+1%
|
154
+4%
|
160
+4%
|
165
+3%
|
173
+5%
|
176
+2%
|
187
+6%
|
186
0%
|
185
-1%
|
194
+5%
|
192
-1%
|
196
+2%
|
203
+4%
|
202
-1%
|
197
-2%
|
197
+0%
|
192
-3%
|
190
-1%
|
188
-1%
|
193
+3%
|
201
+5%
|
206
+2%
|
208
+1%
|
209
+0%
|
214
+2%
|
219
+3%
|
217
-1%
|
209
-4%
|
190
-9%
|
180
-5%
|
179
-1%
|
178
0%
|
192
+8%
|
197
+3%
|
197
+0%
|
197
0%
|
195
-1%
|
197
+1%
|
198
+1%
|
204
+3%
|
201
-2%
|
201
+0%
|
204
+1%
|
209
+2%
|
215
+3%
|
215
+0%
|
213
-1%
|
203
-5%
|
201
-1%
|
204
+2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(63)
|
(65)
|
(67)
|
(69)
|
(74)
|
(78)
|
(82)
|
(87)
|
(92)
|
(96)
|
(101)
|
(108)
|
(113)
|
(119)
|
(126)
|
(131)
|
(137)
|
(145)
|
(153)
|
(154)
|
(160)
|
(159)
|
(156)
|
(156)
|
(155)
|
(154)
|
(156)
|
(159)
|
(159)
|
(162)
|
(166)
|
(168)
|
(172)
|
(176)
|
(182)
|
(191)
|
(190)
|
(192)
|
(192)
|
(186)
|
(183)
|
(177)
|
(170)
|
(171)
|
(172)
|
(174)
|
(175)
|
(178)
|
(178)
|
(180)
|
(179)
|
(180)
|
(180)
|
(178)
|
(177)
|
(177)
|
(176)
|
(175)
|
(169)
|
(161)
|
(160)
|
(154)
|
|
| Selling, General & Administrative |
(56)
|
(57)
|
(59)
|
(61)
|
(66)
|
(70)
|
(74)
|
(79)
|
(83)
|
(87)
|
(91)
|
(98)
|
(102)
|
(107)
|
(113)
|
(118)
|
(124)
|
(130)
|
(138)
|
(139)
|
(144)
|
(145)
|
(141)
|
(142)
|
(141)
|
(141)
|
(143)
|
(146)
|
(147)
|
(150)
|
(153)
|
(155)
|
(158)
|
(162)
|
(166)
|
(175)
|
(173)
|
(173)
|
(172)
|
(166)
|
(164)
|
(159)
|
(154)
|
(155)
|
(157)
|
(159)
|
(161)
|
(164)
|
(165)
|
(167)
|
(167)
|
(167)
|
(168)
|
(166)
|
(165)
|
(164)
|
(163)
|
(163)
|
(158)
|
(153)
|
(151)
|
(146)
|
|
| Research & Development |
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Depreciation & Amortization |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(17)
|
(17)
|
(16)
|
(15)
|
(14)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
|
| Operating Income |
21
N/A
|
22
+8%
|
25
+12%
|
28
+12%
|
30
+7%
|
32
+8%
|
36
+11%
|
38
+5%
|
38
+2%
|
40
+5%
|
42
+5%
|
39
-6%
|
35
-10%
|
35
-1%
|
34
-3%
|
34
+1%
|
36
+4%
|
31
-13%
|
34
+9%
|
32
-5%
|
25
-22%
|
35
+37%
|
36
+5%
|
40
+9%
|
48
+21%
|
48
-1%
|
41
-14%
|
38
-7%
|
32
-15%
|
27
-16%
|
22
-18%
|
25
+12%
|
30
+19%
|
30
+1%
|
26
-12%
|
17
-34%
|
23
+34%
|
27
+17%
|
25
-8%
|
24
-7%
|
7
-69%
|
3
-60%
|
8
+186%
|
8
-10%
|
20
+164%
|
23
+16%
|
22
-5%
|
19
-11%
|
17
-13%
|
16
-2%
|
19
+14%
|
25
+32%
|
20
-17%
|
23
+13%
|
27
+14%
|
32
+21%
|
39
+23%
|
41
+3%
|
44
+9%
|
42
-6%
|
41
-2%
|
50
+22%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(10)
|
(11)
|
(13)
|
(13)
|
(13)
|
(12)
|
(13)
|
(16)
|
(13)
|
(13)
|
(12)
|
(11)
|
(10)
|
(9)
|
(9)
|
(10)
|
(13)
|
(14)
|
(16)
|
(18)
|
(17)
|
(18)
|
(18)
|
(15)
|
(16)
|
(16)
|
(15)
|
|
| Non-Reccuring Items |
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
1
|
(8)
|
(6)
|
(5)
|
(7)
|
3
|
2
|
2
|
4
|
5
|
5
|
5
|
3
|
(5)
|
(6)
|
(7)
|
(6)
|
(0)
|
(17)
|
(18)
|
(18)
|
(17)
|
(4)
|
(4)
|
(6)
|
(7)
|
(3)
|
(2)
|
(106)
|
(106)
|
(107)
|
(106)
|
(2)
|
(3)
|
(2)
|
(3)
|
(1)
|
(0)
|
(0)
|
1
|
(2)
|
(3)
|
(20)
|
(27)
|
(27)
|
(26)
|
(11)
|
(6)
|
(8)
|
(11)
|
(12)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
|
| Pre-Tax Income |
17
N/A
|
18
+6%
|
21
+17%
|
24
+15%
|
27
+10%
|
30
+10%
|
33
+12%
|
33
+2%
|
34
+1%
|
35
+5%
|
37
+6%
|
37
-1%
|
24
-34%
|
26
+7%
|
26
-2%
|
24
-7%
|
35
+47%
|
29
-17%
|
31
+8%
|
32
+2%
|
26
-19%
|
34
+32%
|
35
+4%
|
37
+5%
|
38
+3%
|
38
-2%
|
31
-18%
|
29
-8%
|
28
-2%
|
6
-78%
|
(0)
N/A
|
2
N/A
|
7
+210%
|
19
+194%
|
14
-25%
|
2
-88%
|
5
+200%
|
12
+131%
|
10
-12%
|
(96)
N/A
|
(111)
-16%
|
(117)
-5%
|
(114)
+2%
|
(8)
+93%
|
3
N/A
|
8
+141%
|
7
-11%
|
9
+18%
|
8
-9%
|
7
-7%
|
9
+27%
|
10
+8%
|
3
-74%
|
(13)
N/A
|
(19)
-48%
|
(12)
+38%
|
(4)
+64%
|
14
N/A
|
24
+76%
|
19
-23%
|
15
-18%
|
23
+52%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(7)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(13)
|
(13)
|
(12)
|
(13)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(13)
|
(11)
|
(12)
|
(12)
|
(10)
|
(13)
|
(13)
|
(13)
|
(14)
|
(13)
|
(11)
|
(10)
|
(10)
|
(2)
|
0
|
(1)
|
(2)
|
(8)
|
(6)
|
(2)
|
(4)
|
(7)
|
(4)
|
9
|
14
|
18
|
15
|
2
|
(1)
|
(4)
|
(3)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
0
|
1
|
1
|
0
|
(1)
|
(2)
|
(5)
|
(4)
|
(4)
|
(5)
|
|
| Income from Continuing Operations |
11
|
11
|
13
|
15
|
16
|
18
|
20
|
21
|
21
|
23
|
24
|
24
|
12
|
13
|
13
|
12
|
23
|
19
|
20
|
20
|
16
|
21
|
22
|
24
|
25
|
24
|
20
|
18
|
18
|
4
|
(0)
|
1
|
5
|
11
|
8
|
(0)
|
1
|
5
|
6
|
(87)
|
(97)
|
(99)
|
(100)
|
(6)
|
2
|
4
|
4
|
4
|
3
|
4
|
7
|
7
|
3
|
(12)
|
(17)
|
(11)
|
(5)
|
11
|
19
|
15
|
12
|
18
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
17
N/A
|
18
+5%
|
13
-25%
|
15
+12%
|
16
+9%
|
18
+10%
|
20
+13%
|
21
+3%
|
21
+2%
|
22
+5%
|
24
+5%
|
23
-1%
|
12
-50%
|
13
+13%
|
13
+1%
|
12
-12%
|
23
+94%
|
19
-17%
|
20
+6%
|
20
+3%
|
16
-21%
|
21
+32%
|
22
+5%
|
24
+8%
|
25
+2%
|
24
-1%
|
20
-17%
|
18
-9%
|
18
-3%
|
4
-76%
|
(2)
N/A
|
(1)
+55%
|
3
N/A
|
9
+214%
|
7
-23%
|
(1)
N/A
|
0
N/A
|
4
N/A
|
6
+49%
|
(87)
N/A
|
(97)
-12%
|
(99)
-2%
|
(100)
-1%
|
(6)
+94%
|
2
N/A
|
4
+84%
|
4
-6%
|
4
0%
|
3
-34%
|
4
+39%
|
6
+83%
|
7
+6%
|
3
-63%
|
(12)
N/A
|
(17)
-44%
|
(11)
+34%
|
(5)
+53%
|
11
N/A
|
19
+68%
|
15
-22%
|
11
-23%
|
18
+59%
|
|
| EPS (Diluted) |
0.69
N/A
|
0.66
-4%
|
0.5
-24%
|
0.56
+12%
|
0.61
+9%
|
0.63
+3%
|
0.7
+11%
|
0.72
+3%
|
0.77
+7%
|
0.79
+3%
|
0.83
+5%
|
0.81
-2%
|
0.4
-51%
|
0.44
+10%
|
0.44
N/A
|
0.39
-11%
|
0.77
+97%
|
0.64
-17%
|
0.67
+5%
|
0.69
+3%
|
0.54
-22%
|
0.71
+31%
|
0.75
+6%
|
0.81
+8%
|
0.82
+1%
|
0.82
N/A
|
0.67
-18%
|
0.61
-9%
|
0.59
-3%
|
0.14
-76%
|
-0.07
N/A
|
-0.03
+57%
|
0.09
N/A
|
0.3
+233%
|
0.23
-23%
|
-0.04
N/A
|
0
N/A
|
0.14
N/A
|
0.21
+50%
|
-3
N/A
|
-3.35
-12%
|
-3.37
-1%
|
-3.41
-1%
|
-0.21
+94%
|
0.08
N/A
|
0.14
+75%
|
0.13
-7%
|
0.13
N/A
|
0.08
-38%
|
0.11
+38%
|
0.22
+100%
|
0.23
+5%
|
0.08
-65%
|
-0.4
N/A
|
-0.58
-45%
|
-0.38
+34%
|
-0.19
+50%
|
0.36
N/A
|
0.6
+67%
|
0.47
-22%
|
0.36
-23%
|
0.57
+58%
|
|