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Mistras Group inc   (NYSE: MG)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services

Mistras Group Inc 's

Competitiveness



 
 

MG Sales vs. its Competitors Q1 2025



Comparing the current results to its competitors, Mistras Group Inc reported Revenue decrease in the 1 quarter 2025 year on year by -12.46 %, slower than the combined decrease of the MG's competitors by -37.38 %, recorded in the same quarter.

List of MG Competitors





Revenue Growth Comparisons




Net Income Comparison


Mistras Group inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 25.36 %

<<  MG Stock Performance Comparisons


Mistras Group Inc 's Comment on Competition and Industry Peers


We operate in a highly competitive, but fragmented, market. Our primary competitors are divisions of large companies, and many of our other competitors are small companies, limited to a specific product or technology and focused on a niche market or geographic region. We believe that none of our competitors currently provides the full range of asset protection and NDT products, enterprise software (PCMS) and the traditional and advanced services solutions that we offer. Our competition with respect to NDT services include the Acuren division of Rockwood Service Corporation, SGS Group, the TCM division of Team, Inc. and APPLUS RTD. Our competition with respect to our PCMS software includes UltraPIPE, a division of Siemens, Lloyd’s Register Capstone, Inc. and Meridium Systems. Our competition with respect to our ultrasonic and radiography products are GE Inspection Technologies and Olympus NDT. In the traditional NDT market, we believe the principal competitive factors include project management, availability of qualified personnel, execution, price, reputation and quality. In the advanced NDT market, reputation, quality and size are more significant competitive factors than price. We believe that the NDT market has significant barriers to entry which would make it difficult for new competitors to enter the market. These barriers include: (1) having to acquire or develop advanced NDT services, products and systems technologies, which in our case occurred over many years of customer engagements and at significant internal research and development expense, (2) complex regulations and safety codes that require significant industry experience, (3) license requirements and evolved quality and safety programs, (4) costly and time-consuming certification processes, (5) capital requirements and (6) emphasis by large customers on size and critical mass, length of relationship and past service record.




  

Overall company Market Share Q1 2025

despite revenue deterioration, Mistras Group Inc increased its market share in this segment.

company increased its market share in this segment to approximately 1.52 %.


<<  More on MG Market Share.
 
*Market share is calculated based on total revenue.





Publicly Traded Peers of Mistras Group inc




General Electric Company
Share Performance



0.00%
Over The Past 5 Days



General Electric Company
Profile

General Electric Companys business model centers on industrial operations, creating and delivering advanced technologies, products, and services across sectors such as power generation, aviation, healthcare, and renewable energy. The company emphasizes innovation and sustainability, aiming to enhance performance and efficiency for customers while tackling pressing societal and environmental issues.

More about General Electric Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 268,867.486 mill. $ 39,683.000 mill. $ 6,975.000 mill.


Team Inc
Share Performance



+133.77%
One Year



Team Inc
Profile

Team Inc operates as a professional services firm, offering a range of solutions in areas such as engineering, maintenance, and construction to industrial companies. They leverage their expertise to provide customized and efficient solutions for their clients, ultimately aiming to optimize operations and drive profitability.

More about Team Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 88.647 mill. $ 851.685 mill. $ -50.789 mill.




Sources: Mistras Group inc and all companies mentioned above in this report


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