MG (MG) financial statements
MG reported revenue of $724M in fiscal 2025, up 0.6% a year over 9 years.
Net income was $17M and the operating margin 5.6%, against 3.7% in 2016.
Free cash flow was $8M.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $685M | $701M | $742M | $749M | $593M | $677M | $687M | $705M | $730M | $724M |
| Cost of revenue | $469M | $492M | $512M | $509M | $392M | $457M | $467M | $497M | $514M | $497M |
| Gross profit | $194M | $188M | $208M | $217M | $179M | $197M | $198M | $184M | $192M | $205M |
| Research and development | $3M | $2M | $3M | $3M | $3M | $3M | $2M | $2M | $1M | $1M |
| Selling, general and admin | $149M | $152M | $166M | $169M | $157M | $161M | $166M | $147M | $135M | $140M |
| Operating income | $26M | $4M | $22M | $24M | -$101M | $18M | $20M | -$2M | $40M | $41M |
| Interest expense | — | $4M | $8M | $14M | $13M | $11M | $11M | $17M | $17M | $15M |
| Pre-tax income | $22M | -$226,000 | $14M | $10M | -$114M | $7M | $9M | -$19M | $24M | $22M |
| Income tax | $8M | $2M | $7M | $4M | -$15M | $3M | $3M | -$1M | $5M | $6M |
| Net income | $14M | -$2M | $7M | $6M | -$99M | $4M | $6M | -$17M | $19M | $17M |
| EPS (diluted) | — | -$0.08 | $0.23 | $0.21 | -$3.41 | $0.13 | $0.21 | -$0.58 | $0.60 | $0.53 |
| Diluted shares | 30M | 28M | 29M | 29M | 29M | 30M | 30M | 30M | 32M | 32M |
| Gross margin | 28.4% | 26.8% | 28.0% | 29.0% | 30.1% | 29.1% | 28.8% | 26.1% | 26.3% | 28.2% |
| Operating margin | 3.7% | 0.6% | 3.0% | 3.2% | -17.1% | 2.7% | 2.9% | -0.3% | 5.5% | 5.6% |
| Net margin | 2.1% | -0.3% | 0.9% | 0.8% | -16.8% | 0.6% | 0.9% | -2.5% | 2.6% | 2.3% |
Balance sheet
Fiscal years, from MG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $28M | $26M | $15M | $26M | $24M | $20M | $18M | $18M | $28M |
| Receivables | $131M | $138M | $148M | $136M | $108M | $110M | $124M | $133M | $127M | $155M |
| Inventory | $10M | $11M | $13M | $13M | $13M | $13M | $14M | $15M | $14M | $14M |
| Total current assets | $183M | $195M | $203M | $179M | $163M | $161M | $168M | $180M | $172M | $216M |
| Property, plant and equipment | $73M | $87M | $94M | $99M | $93M | $87M | $78M | $81M | $81M | $93M |
| Goodwill | $170M | $203M | $279M | $282M | $206M | $205M | $200M | $187M | $181M | $185M |
| Total assets | $469M | $554M | $694M | $720M | $583M | $562M | $535M | $535M | $523M | $579M |
| Total current liabilities | $78M | $90M | $100M | $109M | $110M | $121M | $104M | $117M | $115M | $124M |
| Long-term debt | $86M | $165M | $284M | $248M | $210M | $182M | $184M | $181M | $158M | $165M |
| Total liabilities | $199M | $284M | $423M | $434M | $386M | $361M | $336M | $344M | $324M | $343M |
| Shareholders' equity | $271M | $271M | $271M | $286M | $197M | $201M | $198M | $190M | $199M | $235M |
| Net debt | $68M | $139M | $265M | $240M | $194M | $178M | $171M | $173M | $151M | $150M |
Cash flow
Fiscal years, from MG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | $56M | $42M | $59M | $68M | $42M | $26M | $27M | $50M | $33M |
| Capital spending | — | $19M | $21M | $22M | $15M | $18M | $13M | $21M | $18M | $25M |
| Free cash flow | — | $36M | $21M | $37M | $52M | $24M | $14M | $6M | $32M | $8M |
| Stock-based compensation | — | $7M | $6M | $6M | $6M | $5M | $5M | $6M | $5M | $8M |
| Share buybacks (net) | — | -$16M | $0 | $0 | — | — | — | — | — | — |
| Net borrowing | — | $5M | -$388,000 | -$6M | -$4M | -$16M | $44M | -$7M | -$9M | -$12M |
| Free cash flow margin | — | 5.2% | 2.8% | 5.0% | 8.8% | 3.6% | 2.0% | 0.8% | 4.4% | 1.1% |
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Open MG in InvestinglyQuestions
What was MG's revenue in 2025?
$724M in fiscal 2025, from its 10-K filing.
How much free cash flow does MG generate?
$8M in fiscal 2025 (operating cash flow minus capital spending).
From MG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.