Filing Flows › Comparisons › TTEK vs MG
Tetra Tech vs Mistras Group: TTEK and MG compared
Tetra Tech is the larger company: $1.3B of revenue in its latest quarter (Q3 FY26) against $205M for Mistras Group (Q3 2026). Mistras Group is growing faster (+5% against -4% a year earlier). Tetra Tech is more profitable, with an operating margin of 12.1% against 7.4%.
Where the money goes: TTEK and MG
Tetra Tech (TTEK) · Q3 FY26
Tetra Tech, Q3 FY26: revenue $1.3B (-4% year over year), operating margin 12.1%, net earnings $110M, operating cash flow $229M. The chart follows the revenue to costs, profit and cash.
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.
| Tetra Tech (TTEK) | Mistras Group (MG) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.3B | $205M |
| Revenue growth, Y/Y | -4% | +5% |
| Gross margin | 18.6% | 30.3% |
| Operating margin | 12.1% | 7.4% |
| Net earnings | $110M | $6.9M |
| Net margin | 8.4% | 3.4% |
| Operating cash flow | $229M | $11.7M |
| Free cash flow | $225M | $686K |
| Market value | $10.5B | — |
| P/E | 23.9× | — |
| Analysts’ mean target | $40.17 | — |
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, Tetra Tech or Mistras Group?
Tetra Tech is the larger company: $1.3B of revenue in its latest quarter (Q3 FY26) against $205M for Mistras Group (Q3 2026).
Is Tetra Tech or Mistras Group growing faster?
Mistras Group is growing faster (+5% against -4% a year earlier).
Which is more profitable, Tetra Tech or Mistras Group?
Tetra Tech is more profitable, with an operating margin of 12.1% against 7.4%.
More: Tetra Tech earnings · how Tetra Tech makes money · Mistras Group earnings · how Mistras Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 31, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.