Is Mistras Group, Inc. (MG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 43.1% / 30% | 3.9% / 30% | 27.2% / 30% | 0.44% / 5% | ✗ NOT HALAL |
| DJIM | 43.1% / 33% | 3.9% / 33% | 27.2% / 33% | 0.44% / 5% | ✗ NOT HALAL |
| MSCI | 38.5% / 33% | 3.5% / 33% | 24.3% / 33% | 0.44% / 5% | ✗ NOT HALAL |
| S&P | 43.1% / 33% | 3.9% / 33% | 27.2% / 33% | 0.44% / 5% | ✗ NOT HALAL |
| FTSE | 38.5% / 33% | 3.5% / 33% | 24.3% / 50% | 0.44% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 31.3% | |
| Operating Margin | 10.8% | |
| Net Margin | 2.3% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 6.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $33M |
| Free Cash Flow | $4M |
| Total Debt | $213M |
| Debt-to-Equity | 103.0 |
| Current Ratio | 1.7 |
| Total Assets | $579M |
Price & Trading
| Last Close | $15.11 |
| 50-Day MA | $14.58 |
| 200-Day MA | $11.22 |
| Avg Volume | 171K |
| Beta | 0.7 |
|
52-Week Range
$7.06
| |
About Mistras Group, Inc. (MG)
Mistras Group, Inc. provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States, Europe, the Middle East, Africa, Asia, and South America. The company offers non-destructive testing (NDT) services; pipeline inspections; Plant Condition Management Software; maintenance planning; and specialized engineering solutions. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical services, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services, including plant operations and management support, turnaround/shutdown planning, profit improvement, facilities planning studies, engineering design, process safety reviews, energy optimization evaluations, benchmarking/key performance indicator development, and technical training. In addition, the company offers scaffolding and rope access forb at-height and confined assets; certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; portable, handheld, wireless and turnkey NDT equipment; acoustic emission products and sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. Further, it provides asset protection solutions to detect, mitigate, and prevent degradation mechanisms, such as corrosion, cracking, leaks, and manufacturing defects; inspection, maintenance, and monitoring and data services; and quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. It serves renewable energy, alternative power generation, natural gas transportation, data centers, pipeline integrity, and additive manufacturing industries. The company was founded in 1978 and is headquartered in Princeton Junction, New Jersey.
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Frequently Asked Questions
Is Mistras Group, Inc. (MG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Mistras Group, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Mistras Group, Inc.'s debt ratio?
Mistras Group, Inc.'s debt ratio is 43.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 38.5%.
What are Mistras Group, Inc.'s key financial metrics?
Mistras Group, Inc. has a market capitalization of $461M, trailing P/E ratio of 27.5, and revenue of $724M. The company maintains a gross margin of 31.3% and a net margin of 2.3%. Return on equity stands at 7.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.