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Mistras vs Willdan: revenue, profit, margins and growth compared

Mistras brought in $724M of revenue in fiscal 2025, Willdan $681.6M in fiscal 2025. Revenue changed by -0.8% at Mistras and +20.5% at Willdan on the year before, so Willdan grew faster. Mistras kept 2.3% of its revenue as net profit, Willdan 7.7%. Free cash flow was $8.3M at Mistras and $70.7M at Willdan.

Side by side, latest fiscal year

MGWLDN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (January 2, 2026)
Revenue$724M$681.6M
Revenue growth-0.8%+20.5%
Net income$16.8M$52.6M
Net margin2.3%7.7%
Free cash flow$8.3M$70.7M
Free cash flow margin1.1%10.4%
Earnings per share (diluted)$0.53$3.49
Cash$28M$65.9M
Debt$178M$48.5M
Price to earnings40.622.6
Market value$685.4M$1.2B
Dividend yieldn/an/a
Rank by revenue in sector#514 of 778 · Consumer discretionary#522 of 778 · Consumer discretionary

Over the years

Revenue
MG FY2018: $742.4MMG FY2019: $748.6MMG FY2020: $592.6MMG FY2021: $677.1MMG FY2022: $687.4MMG FY2023: $705.5MMG FY2024: $729.6MMG FY2025: $724MWLDN FY2018: $272.3MWLDN FY2019: $443.1MWLDN FY2020: $391MWLDN FY2021: $353.8MWLDN FY2022: $429.1MWLDN FY2023: $510.1MWLDN FY2024: $565.8MWLDN FY2025: $681.6MFY18FY19FY20FY21FY22FY23FY24FY25
MG $724MWLDN $681.6M
Net income
MG FY2018: $6.8MMG FY2019: $6.1MMG FY2020: -$99.5MMG FY2021: $3.9MMG FY2022: $6.5MMG FY2023: -$17.5MMG FY2024: $19MMG FY2025: $16.8MWLDN FY2018: $10MWLDN FY2019: $4.8MWLDN FY2020: -$14.5MWLDN FY2021: -$8.4MWLDN FY2022: -$8.4MWLDN FY2023: $10.9MWLDN FY2024: $22.6MWLDN FY2025: $52.6MFY18FY19FY20FY21FY22FY23FY24FY25
MG $16.8MWLDN $52.6M
Net margin
MG FY2018: 0.9%MG FY2019: 0.8%MG FY2020: -16.8%MG FY2021: 0.6%MG FY2022: 0.9%MG FY2023: -2.5%MG FY2024: 2.6%MG FY2025: 2.3%WLDN FY2018: 3.7%WLDN FY2019: 1.1%WLDN FY2020: -3.7%WLDN FY2021: -2.4%WLDN FY2022: -2.0%WLDN FY2023: 2.1%WLDN FY2024: 4.0%WLDN FY2025: 7.7%FY18FY19FY20FY21FY22FY23FY24FY25
MG 2.3%WLDN 7.7%
Revenue growth
MG FY2019: +0.8%MG FY2020: -20.8%MG FY2021: +14.3%MG FY2022: +1.5%MG FY2023: +2.6%MG FY2024: +3.4%MG FY2025: -0.8%WLDN FY2019: +62.8%WLDN FY2020: -11.8%WLDN FY2021: -9.5%WLDN FY2022: +21.3%WLDN FY2023: +18.9%WLDN FY2024: +10.9%WLDN FY2025: +20.5%FY19FY20FY21FY22FY23FY24FY25
MG -0.8%WLDN +20.5%
Free cash flow
MG FY2018: $21.1MMG FY2019: $37.1MMG FY2020: $52.4MMG FY2021: $24.1MMG FY2022: $13.8MMG FY2023: $5.9MMG FY2024: $32.2MMG FY2025: $8.3MWLDN FY2018: $5.5MWLDN FY2019: $5MWLDN FY2020: $41.9MWLDN FY2021: $1.3MWLDN FY2022: -$169KWLDN FY2023: $29.3MWLDN FY2024: $63.7MWLDN FY2025: $70.7MFY18FY19FY20FY21FY22FY23FY24FY25
MG $8.3MWLDN $70.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Mistras and Willdan

Which is bigger by revenue, Mistras or Willdan?

Mistras is bigger by revenue: $724M in fiscal 2025, against $681.6M for Willdan in fiscal 2025.

Which keeps more of its revenue as profit, Mistras or Willdan?

Mistras had a net margin of 2.3% in fiscal 2025; Willdan had 7.7% in fiscal 2025.

Which grew revenue faster, Mistras or Willdan?

In their latest fiscal years revenue changed by -0.8% at Mistras and +20.5% at Willdan.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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