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Mistras Group vs HyOrc: MG and HYOR compared
Mistras Group is the larger company: $205M of revenue in its latest quarter (Q3 2026) against $24K for HyOrc (Q2 2026). HyOrc is more profitable, with an operating margin of 100.0% against 7.4%.
Where the money goes: MG and HYOR
Mistras Group (MG) · Q3 2026
Mistras Group, Q3 2026: revenue $205M (+5% year over year), operating margin 7.4%, net earnings $6.9M, operating cash flow $11.7M. The chart follows the revenue to costs, profit and cash.
HyOrc (HYOR) · Q2 2026
HyOrc, Q2 2026: revenue $24K, operating margin 100.0%, net earnings $49K, operating cash flow −$414K. The chart follows the revenue to costs, profit and cash.
| Mistras Group (MG) | HyOrc (HYOR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $205M | $24K |
| Revenue growth, Y/Y | +5% | — |
| Gross margin | 30.3% | 100.0% |
| Operating margin | 7.4% | 100.0% |
| Net earnings | $6.9M | $49K |
| Net margin | 3.4% | 204.9% |
| Operating cash flow | $11.7M | −$414K |
| Free cash flow | $686K | — |
Where the revenue comes from
Mistras Group
- Oil & Gas: $99.4M (49%)
- Aerospace & Defense: $28.6M (14%)
- Industrials: $24.7M (12%)
- Infrastructure, Research & Engineering: $18.0M (9%)
Questions
Which is bigger, Mistras Group or HyOrc?
Mistras Group is the larger company: $205M of revenue in its latest quarter (Q3 2026) against $24K for HyOrc (Q2 2026).
Is Mistras Group or HyOrc growing faster?
HyOrc is more profitable, with an operating margin of 100.0% against 7.4%.
More: Mistras Group earnings · how Mistras Group makes money · HyOrc earnings · how HyOrc makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.