Mistras delivered a strong Q4 2025 with revenue growing 5.1% to $181.5 million and record Adjusted EBITDA of $24.8 million. Despite a decrease in GAAP net income due to reorganization costs, the company expanded its gross margin by 190 basis points and saw growth across all operating segments.
Achieved record fourth quarter Adjusted EBITDA of $24.8 million, an 18.2% increase year-over-year.
Gross profit margin expanded by 190 basis points to 28.4% in the fourth quarter.
Revenue grew 5.1% to $181.5 million, with growth reported across all business segments.
The company is prioritizing debt reduction, ending the year with a bank-defined leverage ratio of 2.5X.
Mistras expects 2026 to be a year of targeted investment to modernize its platform and deepen technical differentiation in mission-critical environments.
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