A Business at a Glance
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Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. We service complex and often non-discretionary environmental needs of our diverse clients across our three business segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. Examples of our services include: Our industry is highly fragmented with no single market leader. By focusing solely on environmental solutions, we believe we are uniquely positioned to become a leading platform in the environmental industry. We provide a diverse range of environmental services to our private and public sector clients across the life cycle of their needs—whether they are launching new projects, maintaining operations, decommissioning operations, rehabilitating assets, managing the impacts of climate change or responding to unexpected environmental disruption.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 831M | 831M | 696M | 624M | 544M | 546M |
| Net Income | -843K | -843K | -62M | -31M | -32M | -25M |
| EPS | $-0.14 | $-0.14 | $-2.22 | $-1.57 | $-1.62 | $-1.56 |
| Free Cash Flow | 91M | 91M | 902K | 26M | 11M | 31M |
| ROIC | -0.1% | 1.0% | -9.6% | -6.6% | -6.8% | -5.3% |
| Gross Margin | 40.3% | 40.3% | 39.9% | 38.5% | 35.4% | 32.5% |
| Debt/Equity | 0.74 | 0.74 | 0.60 | 0.63 | 0.62 | 0.63 |
| Dividends/Share | $0.12 | $0.12 | $0.39 | $0.83 | $0.83 | $1.01 |
| Operating Income | 12M | 12M | -37M | -28M | -28M | -9.5M |
| Operating Margin | 1.4% | 1.4% | -5.3% | -4.6% | -5.1% | -1.7% |
| ROE | -0.2% | -0.2% | -14.0% | -9.6% | -10.2% | -8.0% |
| Shares Outstanding | 36M | 36M | 28M | 20M | 20M | 16M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 234M | 328M | 546M | 544M | 624M | 696M | 831M | 831M |
| Gross Margin | 29.9% | 34.3% | 32.5% | 35.4% | 38.5% | 39.9% | 40.3% | 40.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 49M | 86M | 118M | 176M | 223M | 262M | 271M | 271M |
| EBIT | -8.9M | -23M | -9.5M | -28M | -28M | -37M | 12M | 12M |
| Op. Margin | -3.8% | -7.0% | -1.7% | -5.1% | -4.6% | -5.3% | 1.4% | 1.4% |
| Net Income | -24M | -58M | -25M | -32M | -31M | -62M | -843K | -843K |
| Net Margin | -10.1% | -17.7% | -4.6% | -5.8% | -4.9% | -8.9% | -0.1% | -0.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | -19.8% | -18.8% | -5.3% | -6.8% | -6.6% | -9.6% | 1.0% | -0.1% |
| ROE | N/A | -42.3% | -8.0% | -10.2% | -9.6% | -14.0% | -0.2% | -0.2% |
| ROA | -7.1% | -9.6% | -3.0% | -4.0% | -3.8% | -6.3% | -0.1% | -0.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 17M | 1.9M | 38M | 21M | 56M | 22M | 107M | 107M |
| Free Cash Flow | 12M | -5.4M | 31M | 11M | 26M | 902K | 91M | 91M |
| Owner Earnings | -15M | -40M | -18M | -70M | -37M | -95M | 14M | 14M |
| CapEx | 4.7M | 7.2M | 7.0M | 9.6M | 30M | 21M | 16M | 16M |
| Maint. CapEx | 28M | 37M | 45M | 47M | 46M | 53M | 51M | 51M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 28M | 37M | 45M | 47M | 46M | 53M | 51M | 51M |
| CapEx/OCF | N/A | 389.5% | 18.6% | 46.4% | 52.8% | 95.9% | 15.2% | 15.2% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 7.0M | 16M | 16M | 16M | 11M | 4.2M | 4.2M |
| Dividend Yield | N/A | 0.9% | 1.9% | 1.9% | 2.3% | 1.2% | 0.5% | 0.5% |
| Share Buybacks | 0 | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.3M | 4.8M | 10M | 43M | 47M | 65M | 43M | 43M |
| Debt Repayment | 1.3M | 50M | 174M | 8.8M | 12M | 15M | 192M | 192M |
| Balance Sheet | ||||||||
| Net Debt | 147M | 332M | -93M | 16M | 156M | 244M | 311M | 323M |
| Cash & Equiv. | 6.4M | 34M | 147M | 90M | 23M | 13M | 11M | 11M |
| Long-Term Debt | 145M | 170M | 162M | 152M | 149M | 205M | 277M | 277M |
| Debt/Equity | -6.06 | 2.92 | 0.63 | 0.62 | 0.63 | 0.60 | 0.74 | 0.74 |
| Interest Coverage | -1.3 | -1.7 | -0.8 | -5.3 | -3.6 | -2.3 | 0.6 | 0.6 |
| Equity | -26M | 137M | 317M | 313M | 321M | 446M | 451M | 451M |
| Total Assets | 332M | 603M | 833M | 792M | 817M | 990M | 981M | 981M |
| Total Liabilities | 229M | 313M | 364M | 326M | 343M | 451M | 530M | 530M |
| Intangibles | 103M | 155M | 161M | 142M | 141M | 153M | 126M | 126M |
| Retained Earnings | -64M | -122M | -148M | -179M | -210M | -273M | -274M | -274M |
| Working Capital | -13K | 23M | 146M | 136M | 75M | 79M | 72M | 72M |
| Current Assets | 73M | 134M | 294M | 248M | 201M | 238M | 240M | 240M |
| Current Liabilities | 73M | 112M | 148M | 111M | 126M | 159M | 168M | 168M |
| Per Share Data | ||||||||
| EPS | -4.91 | -6.48 | -1.56 | -1.62 | -1.57 | -2.22 | -0.14 | -0.14 |
| Owner EPS | -0.60 | -1.36 | -1.08 | -3.57 | -1.88 | -3.39 | 0.38 | 0.38 |
| Book Value | -1.04 | 4.62 | 19.50 | 15.95 | 16.34 | 15.90 | 12.54 | 12.54 |
| Cash Flow/Share | 0.68 | 0.06 | 2.31 | 1.05 | 2.85 | 0.79 | 2.99 | 1.39 |
| Dividends/Share | N/A | 0.23 | 1.01 | 0.83 | 0.83 | 0.39 | 0.12 | 0.12 |
| Shares Out. | 25.2M | 29.7M | 16.2M | 19.6M | 19.7M | 28.1M | 36.0M | 36.0M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -154.7 |
| P/FCF | N/A | N/A | 38.3 | 73.9 | 24.4 | 543.0 | 10.3 | 8.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 103.1 | 94.0 |
| Price/Book | N/A | 6.9 | 3.7 | 2.6 | 2.0 | 1.1 | 2.1 | 1.7 |
| Price/Sales | N/A | 2.4 | 1.6 | 1.6 | 1.2 | 1.3 | 1.0 | 0.9 |
| FCF Yield | N/A | -0.6% | 2.6% | 1.4% | 4.1% | 0.2% | 9.7% | 11.7% |
| Market Cap | N/A | 948M | 1.2B | 817M | 646M | 490M | 937M | 779M |
| Avg. Price | N/A | 27.01 | 53.71 | 43.72 | 37.05 | 33.02 | 22.40 | 21.66 |
| Year-End Price | N/A | 31.95 | 72.09 | 41.61 | 32.87 | 17.45 | 26.04 | 21.66 |
Montrose Environmental Group, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 8.5x vs a median of 31.3x. The company's 5-year average gross margin is 37.3%. Total shareholder yield (dividends) is 0.5%. At current prices, the estimated annualized return to fair value is +71.7%.
Montrose Environmental Group, Inc. (MEG) has a 5-year average return on invested capital (ROIC) of -5.5%. This is below average and may indicate limited pricing power.
Montrose Environmental Group, Inc. (MEG) has a market capitalization of $779M. It is classified as a small-cap stock.
Yes, Montrose Environmental Group, Inc. (MEG) pays a dividend with a trailing twelve-month yield of 0.53%.
Montrose Environmental Group, Inc. (MEG) operates in the Services-Management Consulting Services industry, within the Industrials sector.
Montrose Environmental Group, Inc. (MEG) reported annual revenue of $831 million in its most recent fiscal year, based on SEC EDGAR filings.
Montrose Environmental Group, Inc. (MEG) has a net profit margin of -0.1%. The company is currently unprofitable.
Montrose Environmental Group, Inc. (MEG) generated $91 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Montrose Environmental Group, Inc. (MEG) has a debt-to-equity ratio of 0.74. This indicates moderate leverage.
Montrose Environmental Group, Inc. (MEG) reported earnings per share (EPS) of $-0.14 in its most recent fiscal year.
Montrose Environmental Group, Inc. (MEG) has a return on equity (ROE) of -0.2%. A negative ROE may indicate losses or negative equity.
Montrose Environmental Group, Inc. (MEG) has a 5-year average gross margin of 37.3%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Montrose Environmental Group, Inc. (MEG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Montrose Environmental Group, Inc. (MEG) has a book value per share of $12.54, based on its most recent annual SEC filing.