Demonstrações financeiras detalhadas de Mistras Group, Inc. (MG): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Mistras Group, Inc. registou receitas de $724.0M no último exercício, com um CAGR de 5 anos de 4.1%.
Margens dos últimos 12 meses: margem bruta 27.5%, margem operacional 7.5%, margem líquida 3.6%. O fluxo de caixa livre cresceu a CAGR de -30.7% em 5 anos.
Ao preço atual de $19.36, MG negocia a um P/L de 23.72 e um ROE de 11.52%. A capitalização de mercado é de $616M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $684.8M | $701.0M | $742.4M | $748.6M | $592.6M | $677.1M | $687.4M | $705.5M | $729.6M | $724.0M |
| Custo da Receita | $516.2M | $513.3M | $534.5M | $531.3M | $414.0M | $480.0M | $489.2M | $501.7M | $516.5M | $529.9M |
| Lucro Bruto | $168.6M | $187.7M | $207.9M | $217.3M | $178.5M | $197.1M | $198.2M | $203.8M | $213.1M | $194.1M |
| P&D | $2.7M | $2.3M | $3.3M | $3.0M | $2.9M | $2.5M | $2.0M | $1.7M | $1.1M | $1.0M |
| Despesas Gerais e Administrativas | $156.1M | $151.8M | $165.7M | $169.5M | $157.2M | $161.3M | $166.4M | $166.7M | $156.4M | $139.9M |
| Despesas Operacionais | $168.6M | $165.7M | $187.5M | $193.2M | $279.7M | $179.0M | $178.4M | $205.7M | $173.3M | $140.9M |
| Lucro Operacional | $25.5M | $4.2M | $22.2M | $24.1M | -$101.2M | $18.2M | $19.8M | -$1.9M | $39.8M | $53.2M |
| EBITDA | $57.9M | $35.5M | $56.6M | $62.7M | -$65.5M | $53.1M | $53.1M | $32.2M | $74.3M | $69.9M |
| Despesas com Juros | $3.1M | $4.4M | $8.0M | $13.7M | $13.0M | $10.9M | $10.5M | $16.8M | $17.1M | $14.6M |
| Lucro Antes de Impostos | $22.5M | -$226000 | $14.3M | $10.4M | -$114.2M | $7.3M | $9.3M | -$18.7M | $24.2M | $22.5M |
| Imposto | $8.0M | $1.9M | $7.4M | $4.4M | -$14.7M | $3.4M | $2.7M | -$1.2M | $5.3M | $5.6M |
| Lucro Líquido | $14.5M | -$2.2M | $6.8M | $6.1M | -$99.5M | $3.9M | $6.5M | -$17.5M | $19.0M | $16.8M |
| LPA | $0.50 | $-0.08 | $0.24 | $0.21 | $-3.41 | $0.13 | $0.22 | $-0.58 | $0.61 | $0.54 |
| LPA Diluído | $0.48 | $-0.08 | $0.23 | $0.21 | $-3.41 | $0.13 | $0.22 | $-0.58 | $0.60 | $0.53 |
| Ações em Circulação (Diluídas) | $30.1M | $28.4M | $29.4M | $29.0M | $29.1M | $30.1M | $30.2M | $30.3M | $31.6M | $32.1M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $195.5M | $181.5M | $169.0M | $193.1M |
| Lucro Bruto | $55.8M | $48.8M | $42.4M | $56.4M |
| Lucro Operacional | $22.1M | $15.2M | $5.2M | $12.9M |
| EBITDA | $28.3M | $17.7M | $13.5M | $22.2M |
| Lucro Líquido | $13.1M | $3.9M | $2.4M | $7.6M |
| LPA | $0.41 | $0.12 | $0.08 | $0.24 |
| LPA Diluído | $0.41 | $0.12 | $0.07 | $0.23 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $21.2M | $27.5M | $25.5M | $15.0M | $25.8M | $24.1M | $20.5M | $17.6M | $18.3M | $28.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $130.9M | $138.1M | $148.3M | $136.0M | $107.6M | $109.5M | $123.7M | $132.8M | $127.3M | $154.7M |
| Estoque | $9.9M | $10.5M | $13.1M | $13.4M | $13.1M | $12.7M | $13.6M | $15.3M | $14.5M | $14.0M |
| Ativos Circulantes | $187.9M | $195.0M | $202.8M | $179.2M | $162.6M | $161.3M | $167.9M | $180.4M | $172.5M | $182.7M |
| Imobilizado | $78.7M | $87.1M | $93.9M | $98.6M | $92.7M | $86.6M | $77.6M | $81.0M | $80.9M | $93.2M |
| Ágio | $169.2M | $203.4M | $279.3M | $282.4M | $206.0M | $205.4M | $199.6M | $187.4M | $181.4M | $184.8M |
| Ativos Intangíveis | $43.5M | $63.7M | $111.4M | $109.5M | $68.6M | $59.4M | $49.0M | $44.0M | $39.7M | $38.4M |
| Ativos Totais | $482.7M | $554.4M | $694.0M | $719.9M | $583.3M | $562.2M | $534.9M | $534.8M | $523.0M | $578.8M |
| Contas a Pagar | $6.8M | $10.4M | $13.9M | $15.0M | $14.2M | $12.9M | $12.5M | $17.0M | $11.1M | $14.9M |
| Dívida de Curto Prazo | $1.4M | $8.2M | $10.8M | $6.6M | $10.7M | $20.2M | $7.4M | $8.9M | $11.6M | $30.8M |
| Passivos Circulantes | $96.9M | $90.2M | $100.5M | $109.2M | $109.8M | $121.4M | $103.7M | $116.5M | $114.9M | $124.3M |
| Dívida de Longo Prazo | $84.4M | $164.5M | $283.8M | $248.1M | $209.5M | $182.4M | $183.8M | $181.5M | $158.1M | $165.1M |
| Passivos Totais | $206.4M | $283.6M | $423.0M | $433.9M | $386.1M | $361.3M | $336.2M | $344.3M | $324.1M | $343.1M |
| Reservas | $82.2M | $64.7M | $71.6M | $77.6M | -$21.8M | -$18.0M | -$11.5M | -$28.9M | -$10.0M | $6.9M |
| Patrimônio Líquido | $276.2M | $270.6M | $270.9M | $285.8M | $197.0M | $200.7M | $198.4M | $190.2M | $198.6M | $235.6M |
| Dívida Total | $104.8M | $181.5M | $303.6M | $282.0M | $245.4M | $226.1M | $215.9M | $217.5M | $201.5M | $242.6M |
| Dívida Líquida | $83.6M | $153.9M | $278.1M | $267.0M | $219.7M | $202.0M | $195.4M | $199.9M | $183.2M | $214.6M |
| Capital de Giro | $91.1M | $104.8M | $102.3M | $69.9M | $52.7M | $39.9M | $64.2M | $63.8M | $57.5M | $58.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $27.8M | $28.0M | $25.0M | $22.0M |
| Ativos Totais | $596.3M | $578.8M | $572.7M | $584.1M |
| Passivos Totais | $368.4M | $343.1M | $339.1M | $343.9M |
| Patrimônio Líquido | $227.4M | $235.6M | $233.2M | $240.0M |
| Dívida Total | $234.4M | $242.6M | $216.7M | $200.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $14.5M | -$2.2M | $6.8M | $6.1M | -$99.5M | $3.9M | $6.6M | -$17.4M | $19.0M | $16.8M |
| Depreciação e Amortização | $32.4M | $31.4M | $34.4M | $38.5M | $35.7M | $34.9M | $33.3M | $34.1M | $33.0M | $31.0M |
| Compensação em Ações | $7.3M | $6.6M | $6.1M | $5.8M | $5.9M | $5.4M | $5.3M | $5.7M | $5.1M | $7.8M |
| Variação Capital de Giro | $10.9M | $7.7M | -$6.9M | $7.5M | $27.3M | -$3.5M | -$18.0M | -$4.1M | -$659000 | -$25.6M |
| Fluxo de Caixa Operacional | $63.2M | $55.2M | $41.7M | $59.1M | $67.8M | $42.3M | $26.4M | $26.7M | $50.1M | $33.0M |
| CapEx | -$15.9M | -$20.6M | -$21.1M | -$22.9M | -$15.8M | -$19.3M | -$13.4M | -$23.6M | -$23.0M | -$24.7M |
| Aquisições | -$8.3M | -$83.4M | -$135.7M | -$4.2M | 0 | -$440000 | -$405000 | 0 | 0 | 0 |
| Recompra de Ações | -$9.0M | -$15.9M | -$2.2M | 0 | -$494000 | -$1.4M | -$977000 | -$1.6M | -$1.3M | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $47.3M | $34.7M | $20.5M | $36.2M | $52.0M | $23.0M | $13.0M | $3.1M | $27.1M | $8.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $4.5M | $32.1M | $2.8M | $14.9M |
| CapEx | -$9.4M | -$7.5M | -$6.0M | -$4.8M |
| Fluxo de Caixa Livre | -$4.9M | $24.6M | -$3.2M | $10.1M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.5M | $1.7M | $1.3M | $2.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.4% | +5.9% | +0.8% | -20.8% | +14.3% | +1.5% | +2.6% | +3.4% | -0.8% |
| Crescimento Lucro Líquido (anual) | | -115.0% | +414.3% | -11.4% | -1741.3% | +103.9% | +68.4% | -368.5% | +208.6% | -11.2% |
| Crescimento LPA (anual) | | -116.0% | +400.0% | -12.5% | -1723.8% | +103.8% | +69.2% | -363.6% | +205.2% | -11.5% |
| Variação de Ações (anual) | | -5.6% | +3.5% | -1.3% | +0.3% | +3.4% | +0.3% | +0.3% | +4.2% | +1.4% |
| Crescimento FCF (anual) | | -26.8% | -40.8% | +76.2% | +43.8% | -55.8% | -43.5% | -76.1% | +775.9% | -69.4% |
| Margem Bruta | 24.6% | 26.8% | 28.0% | 29.0% | 30.1% | 29.1% | 28.8% | 28.9% | 29.2% | 26.8% |
| Margem Operacional | 3.7% | 0.6% | 3.0% | 3.2% | -17.1% | 2.7% | 2.9% | -0.3% | 5.5% | 7.4% |
| Margem EBITDA | 8.5% | 5.1% | 7.6% | 8.4% | -11.1% | 7.8% | 7.7% | 4.6% | 10.2% | 9.7% |
| Margem Líquida | 2.1% | -0.3% | 0.9% | 0.8% | -16.8% | 0.6% | 0.9% | -2.5% | 2.6% | 2.3% |
| Margem FCF | 6.9% | 4.9% | 2.8% | 4.8% | 8.8% | 3.4% | 1.9% | 0.4% | 3.7% | 1.1% |
| Taxa Efetiva de Imposto | 35.6% | -859.3% | 52.0% | 41.8% | 12.9% | 46.6% | 29.3% | 6.5% | 21.8% | 24.7% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.57 | $1.22 | $0.70 | $1.25 | $1.79 | $0.76 | $0.43 | $0.10 | $0.86 | $0.26 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $29.0M | $27.2M | $28.4M | $28.7M | $29.1M | $29.6M | $29.9M | $30.3M | $30.9M | $31.4M |
O que olhar em Industriais
Aeroespacial, defesa, maquinaria, transporte. Semi-cíclicos. Chave: backlog, margens operacionais e conversão de FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — O melhor indicador de disciplina operacional em industriais
- ROIC — Industriais de qualidade têm ROIC >15% — os outros destroem capital
- Conversão FCF — FCF / Net Income — em industriais bom >85%
- Dívida líquida / EBITDA — Industriais cíclicos com dívida alta sofrem muito em recessão
- Capex / Receita — Manter a maquinaria. <4% = possível subinvestimento (deterioração futura)
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
Rentabilidade
| Retorno sobre patrimônio | 11.52% |
| Retorno sobre capital investido | 8.87% |
| Retorno sobre ativos | 4.62% |
| Margem bruta | 27.53% |
| Margem operacional | 7.50% |
| Margem líquida | 3.65% |
Saúde financeira
| Dívida / Patrimônio | 0.83 |
| Liquidez corrente | 1.71 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 2.39 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 49.62 | -293.38 | 59.92 | 67.95 | -2.28 | 57.15 | 22.41 | -12.62 | 14.85 | 23.43 |
| P/VP | 2.60 | 2.36 | 1.51 | 1.43 | 1.15 | 1.09 | 0.74 | 1.17 | 1.41 | 1.69 |
| P/V | 1.05 | 0.91 | 0.55 | 0.55 | 0.38 | 0.32 | 0.21 | 0.31 | 0.38 | 0.55 |
| Margem Bruta | 24.6% | 26.8% | 28.0% | 29.0% | 30.1% | 29.1% | 28.8% | 28.9% | 29.2% | 26.8% |
| Margem Operacional | 3.7% | 0.6% | 3.0% | 3.2% | -17.1% | 2.7% | 2.9% | -0.3% | 5.5% | 7.4% |
| Margem Líquida | 2.1% | -0.3% | 0.9% | 0.8% | -16.8% | 0.6% | 0.9% | -2.5% | 2.6% | 2.3% |