Filing Flows › Comparisons › VSEC vs MG
VSE vs Mistras Group: VSEC and MG compared
VSE is the larger company: $541M of revenue in its latest quarter (Q3 2026) against $205M for Mistras Group (Q3 2026). VSE is growing faster (+91% against +5% a year earlier). VSE is more profitable, with an operating margin of 14.3% against 7.4%.
Where the money goes: VSEC and MG
VSE (VSEC) · Q3 2026
VSE, Q3 2026: revenue $541M (+91% year over year), operating margin 14.3%, net earnings $47.3M, operating cash flow $56.0M. 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.
| VSE (VSEC) | Mistras Group (MG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $541M | $205M |
| Revenue growth, Y/Y | +91% | +5% |
| Gross margin | — | 30.3% |
| Operating margin | 14.3% | 7.4% |
| Net earnings | $47.3M | $6.9M |
| Net margin | 8.7% | 3.4% |
| Operating cash flow | $56.0M | $11.7M |
| Free cash flow | $46.6M | $686K |
| Market value | $5.5B | — |
| P/E | 43.2× | — |
| Analysts’ mean target | $250.44 | — |
Where the revenue comes from
VSE
- Services: $318M (59%)
- Products: $223M (41%)
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, VSE or Mistras Group?
VSE is the larger company: $541M of revenue in its latest quarter (Q3 2026) against $205M for Mistras Group (Q3 2026).
Is VSE or Mistras Group growing faster?
VSE is growing faster (+91% against +5% a year earlier).
Which is more profitable, VSE or Mistras Group?
VSE is more profitable, with an operating margin of 14.3% against 7.4%.
More: VSE earnings · how VSE makes money · Mistras Group earnings · how Mistras Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.