Mistras vs San Juan Basin Royalty Trust

This page compares business models, financial performance, and market context for the two organisations in a neutral, accessible way. Readers can evaluate how each company approaches revenue, cost structure, and strategic positioning without interpretive guidance. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

Metric

SJT

$447.67M

Market Cap

$269.86M

55.53%

Potential Profit

N/A

Buy

Analyst Rating

N/A

Investment Analysis

Mistras

Pros

Reported robust 7.0% organic revenue growth and 300 basis points expansion in gross profit margin in Q3 2025.
Raised full-year 2025 Adjusted EBITDA guidance above 2024 levels, indicating improving profitability.
Provides diversified technology-enabled asset protection solutions across multiple critical industries, reducing dependency on a single sector.

Considerations

Recent one-off $8.6 million loss impacted earnings quality and suggests some volatility in profitability.
Profit margins remain low with current margin at 1.6%, though projected to improve to 7.2% over three years, showing margin risk.
Short-term revenue growth is modest, limiting how much operational efficiencies can enhance net income.

San Juan Basin Royalty Trust

SJT

Pros

Holds a substantial 75% net overriding royalty interest in sizable oil and natural gas properties in the San Juan Basin region.
Stable royalty interest structure provides a steady income stream linked to energy production in northwest New Mexico.
Market capitalization around $280 million suggests a mid-sized, potentially stable energy trust vehicle.

Considerations

Valuation multiples are extremely high compared to peers, with P/E ratio over 270x and price-to-book above 100x, indicating potential overvaluation.
Exposure solely to energy commodity prices introduces cyclicality and commodity price risk to cash flows.
No significant analyst upside target or dividend yield visible, which can be a deterrent for income-focused investors.

About The Companies

Mistras (MG)

MISTRAS Group, Inc. is a global provider of technology-enabled asset protection solutions, designed to evaluate the structural integrity and reliability of critical infrastructure. The company operates through three main segments: North America, International, and Products and Systems. Its core business involves providing non-destructive testing, inspection, and mechanical services for the energy, industrial, and public infrastructure sectors, as well as for commercial aerospace components. MISTRAS also designs, manufactures, and sells its own asset protection products and systems. By offering these integrated services, the company helps its clients maintain safety, reduce downtime, and manage the lifecycle of their assets. Investors may be interested in its crucial role in maintaining essential industries, though it's important to remember that the value of any investment can go down as well as up.

San Juan Basin Royalty Trust (SJT)

San Juan Basin Royalty Trust (SJT) is an investment trust that holds a significant royalty interest in oil and natural gas properties. Its primary asset is a 75% net overriding royalty on production from lands in the San Juan Basin of northwestern New Mexico. Unlike a traditional energy company that explores for and produces oil and gas, the Trust's main function is to collect the income generated from these royalties. After paying its expenses, the Trust then distributes the remaining income to its unit holders. For investors, this structure offers a way to gain exposure to the energy sector, with potential returns directly linked to the production levels and market prices of oil and gas from its designated interests. It's important to remember that the value of these interests and the income they generate can fluctuate, and past performance is not a guarantee of future returns.

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Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

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6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

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Mistras vs San Juan Basin Royalty Trust

Comparison Snapshot

Investment Analysis

Mistras

Pros

Considerations

San Juan Basin Royalty Trust

Pros

Considerations

About The Companies

Buy MG or SJT in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Mistras vs Ring Energy

Mistras vs Dynagas LNG Partners

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Frequently asked questions

What is the main difference in business models between MISTRAS Group Inc and SAN JUAN BASIN ROYALTY TRUST?

How does revenue growth differ between the two stocks based on recent updates?

What does gross margin expansion indicate for a company like MISTRAS Group?

What does an extremely high valuation imply for SAN JUAN BASIN ROYALTY TRUST?

How might profitability and margins influence a viewer’s assessment of MISTRAS Group?

What income characteristics do the two stocks offer to investors?

How do market perceptions differ for a diversified services company versus an energy royalty trust?

What role does diversification play in evaluating the two organisations?

What should a reader consider about earnings quality when comparing these stocks?

Is there any guidance on future performance that readers should note?

How should readers interpret 'net overriding royalty' versus 'royalty interest' terms?

Comparison Snapshot

About The Companies