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Montrose Environmental Group (MEG) Financials

Montrose Environmental Group logo
$19.29 -0.43 (-2.20%)
Closing price 03:59 PM Eastern
Extended Trading
$19.26 -0.03 (-0.14%)
As of 04:04 PM Eastern
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Annual Income Statements for Montrose Environmental Group

Annual Income Statements for Montrose Environmental Group

This table shows Montrose Environmental Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
-73 -47 -48
Consolidated Net Income / (Loss)
-62 -31 -32
Net Income / (Loss) Continuing Operations
-62 -31 -32
Total Pre-Tax Income
-54 -32 -30
Total Operating Income
-37 -28 -28
Total Gross Profit
278 240 193
Total Revenue
696 624 544
Operating Revenue
696 624 544
Total Cost of Revenue
418 384 352
Operating Cost of Revenue
418 384 352
Total Operating Expenses
315 269 221
Selling, General & Admin Expense
262 223 176
Depreciation Expense
53 46 47
Other Special Charges / (Income)
0.53 0.08 -3.23
Total Other Income / (Expense), net
-18 -3.42 -1.56
Interest Expense
16 7.79 5.24
Other Income / (Expense), net
-1.74 4.37 3.68
Income Tax Expense
8.00 -0.98 2.25
Preferred Stock Dividends Declared
11 16 16
Basic Earnings per Share
($2.22) ($1.57) ($1.62)
Weighted Average Basic Shares Outstanding
33.06M 30.06M 29.69M
Diluted Earnings per Share
($2.22) ($1.57) ($1.62)
Weighted Average Diluted Shares Outstanding
33.06M 30.06M 29.69M
Weighted Average Basic & Diluted Shares Outstanding
34.34M 30.38M 29.87M

Quarterly Income Statements for Montrose Environmental Group

This table shows Montrose Environmental Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-31 -13 -13 -16 -5.54 -12 -11 -19 -15 -9.82
Consolidated Net Income / (Loss)
-28 -11 -10 -13 -1.44 -7.53 -7.17 -15 -11 -5.72
Net Income / (Loss) Continuing Operations
-28 -11 -10 -13 -1.44 -7.53 -7.17 -15 -11 -5.72
Total Pre-Tax Income
-25 -9.20 -7.55 -13 -5.26 -6.20 -7.02 -13 -10 -5.93
Total Operating Income
-23 -1.16 -2.65 -10 -8.91 -3.44 -6.09 -9.98 -8.29 -6.34
Total Gross Profit
77 73 69 59 64 66 61 50 49 48
Total Revenue
189 179 173 155 166 168 159 131 140 130
Operating Revenue
189 179 173 155 166 168 159 131 140 130
Total Cost of Revenue
112 106 104 97 102 102 98 82 91 82
Operating Cost of Revenue
112 106 104 97 102 102 98 82 91 82
Total Operating Expenses
100 74 72 69 73 69 67 60 57 54
Selling, General & Admin Expense
84 61 59 57 61 57 55 50 45 43
Depreciation Expense
15 13 13 12 12 12 11 11 12 12
Other Special Charges / (Income)
0.15 0.14 0.14 0.11 -0.33 0.46 0.35 -0.40 0.25 0.06
Total Other Income / (Expense), net
-1.86 -8.04 -4.90 -2.80 3.65 -2.76 -0.93 -3.38 -2.16 0.41
Interest Expense
4.44 4.14 3.98 3.31 2.29 2.09 1.88 1.54 1.23 1.40
Other Income / (Expense), net
2.58 -3.90 -0.92 0.51 5.93 -0.67 0.95 -1.84 -0.94 1.81
Income Tax Expense
3.52 1.37 2.62 0.49 -3.82 1.32 0.15 1.37 0.36 -0.21
Preferred Stock Dividends Declared
2.75 2.75 2.75 2.81 4.10 4.10 4.10 4.10 4.10 4.10
Basic Earnings per Share
($0.91) ($0.39) ($0.39) ($0.53) ($0.17) ($0.39) ($0.38) ($0.63) ($0.50) ($0.33)
Weighted Average Basic Shares Outstanding
33.06M 34.24M 33.32M 30.38M 30.06M 30.14M 30.05M 29.86M 29.69M 29.69M
Diluted Earnings per Share
($0.91) ($0.39) ($0.39) ($0.53) ($0.17) ($0.39) ($0.38) ($0.63) ($0.50) ($0.33)
Weighted Average Diluted Shares Outstanding
33.06M 34.24M 33.32M 30.38M 30.06M 30.14M 30.05M 29.86M 29.69M 29.69M
Weighted Average Basic & Diluted Shares Outstanding
34.34M 34.30M 34.23M 34.08M 30.38M 30.19M 30.15M 30.08M 29.87M 29.71M

Annual Cash Flow Statements for Montrose Environmental Group

This table details how cash moves in and out of Montrose Environmental Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-9.81 -66 -57
Net Cash From Operating Activities
22 56 21
Net Cash From Continuing Operating Activities
22 56 21
Net Income / (Loss) Continuing Operations
-62 -31 -32
Consolidated Net Income / (Loss)
-62 -31 -32
Depreciation Expense
53 46 47
Amortization Expense
12 10 9.29
Non-Cash Adjustments To Reconcile Net Income
68 43 20
Changes in Operating Assets and Liabilities, net
-48 -12 -25
Net Cash From Investing Activities
-138 -102 -39
Net Cash From Continuing Investing Activities
-138 -102 -39
Purchase of Property, Plant & Equipment
-21 -30 -9.58
Acquisitions
-116 -70 -29
Sale of Property, Plant & Equipment
2.15 0.97 0.17
Other Investing Activities, net
-3.27 -3.48 -0.06
Net Cash From Financing Activities
106 -20 -39
Net Cash From Continuing Financing Activities
106 -20 -39
Repayment of Debt
-459 -17 -13
Repurchase of Common Equity
-0.35 0.00 -0.18
Payment of Dividends
-11 -16 -16
Issuance of Debt
453 0.00 0.00
Issuance of Common Equity
122 0.00 0.00
Other Financing Activities, net
1.70 14 -9.46
Cash Interest Paid
15 8.06 6.51
Cash Income Taxes Paid
4.19 1.00 0.79

Quarterly Cash Flow Statements for Montrose Environmental Group

This table details how cash moves in and out of Montrose Environmental Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
0.52 -4.09 7.48 -14 0.67 0.05 -53 -13 -3.60 -4.83
Net Cash From Operating Activities
32 11 0.89 -22 15 17 21 3.03 12 11
Net Cash From Continuing Operating Activities
32 11 0.89 -22 15 17 21 3.03 12 11
Net Income / (Loss) Continuing Operations
-28 -11 -10 -13 -1.44 -7.53 -7.17 -15 -11 -5.72
Consolidated Net Income / (Loss)
-28 -11 -10 -13 -1.44 -7.53 -7.17 -15 -11 -5.72
Depreciation Expense
15 13 13 12 12 12 11 11 12 12
Amortization Expense
3.15 2.99 2.80 2.63 2.53 2.63 2.55 2.49 2.36 2.35
Non-Cash Adjustments To Reconcile Net Income
28 17 13 10.00 5.72 13 7.70 16 13 8.65
Changes in Operating Assets and Liabilities, net
14 -11 -17 -33 -4.22 -3.30 7.01 -11 -3.15 -5.68
Net Cash From Investing Activities
-0.86 -49 -23 -65 -4.64 -10.00 -75 -12 -11 -8.99
Net Cash From Continuing Investing Activities
-0.86 -49 -23 -65 -4.64 -10.00 -75 -12 -11 -8.99
Purchase of Property, Plant & Equipment
-2.25 -1.16 -12 -5.98 -4.61 -4.02 -17 -4.13 -4.17 -1.91
Acquisitions
-0.52 -43 -13 -59 -0.59 -3.86 -58 -7.16 -7.48 -7.26
Sale of Property, Plant & Equipment
1.75 -1.67 - - 0.97 - - - - -
Other Investing Activities, net
0.17 -3.35 -0.45 0.36 -0.42 -2.12 -0.51 -0.43 0.10 0.19
Net Cash From Financing Activities
-31 34 29 73 -9.24 -6.91 0.70 -4.65 -4.71 -6.95
Net Cash From Continuing Financing Activities
-31 34 29 73 -9.24 -6.91 0.70 -4.65 -4.71 -6.95
Repayment of Debt
-105 -88 -123 -143 -4.89 -3.70 -5.58 -3.22 -1.06 -3.18
Payment of Dividends
-2.75 -2.75 -5.56 0.00 -4.10 -4.10 -4.10 -4.10 -4.10 -4.10
Issuance of Debt
77 124 36 217 - - - 0.00 - -
Other Financing Activities, net
0.09 0.76 0.73 0.12 -0.25 0.89 10 2.66 0.45 0.33
Cash Interest Paid
4.08 3.84 3.76 3.10 3.22 1.90 1.59 1.35 1.66 1.66
Cash Income Taxes Paid
1.48 2.01 0.41 0.29 -0.38 0.11 1.11 0.16 0.20 -0.11

Annual Balance Sheets for Montrose Environmental Group

This table presents Montrose Environmental Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
990 817 792
Total Current Assets
238 201 248
Cash & Equivalents
13 23 90
Accounts Receivable
211 164 147
Prepaid Expenses
14 14 10
Current Deferred & Refundable Income Taxes
0.00 0.03 0.69
Plant, Property, & Equipment, net
64 57 36
Total Noncurrent Assets
689 559 508
Noncurrent Note & Lease Receivables
20 13 9.84
Goodwill
468 364 324
Intangible Assets
153 141 142
Other Noncurrent Operating Assets
48 41 32
Total Liabilities & Shareholders' Equity
990 817 792
Total Liabilities
451 343 326
Total Current Liabilities
159 126 111
Short-Term Debt
45 18 16
Accounts Payable
64 60 63
Current Employee Benefit Liabilities
34 35 21
Other Current Liabilities
16 14 12
Total Noncurrent Liabilities
292 216 214
Long-Term Debt
205 149 152
Noncurrent Deferred & Payable Income Tax Liabilities
13 6.06 5.74
Other Noncurrent Operating Liabilities
74 61 56
Commitments & Contingencies
0.00 0.00 0.00
Redeemable Noncontrolling Interest
93 153 153
Total Equity & Noncontrolling Interests
446 321 313
Total Preferred & Common Equity
446 321 313
Total Common Equity
446 321 313
Common Stock
721 532 493
Retained Earnings
-273 -210 -179
Accumulated Other Comprehensive Income / (Loss)
-2.13 -0.22 0.01

Quarterly Balance Sheets for Montrose Environmental Group

This table presents Montrose Environmental Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
1,007 944 918 836 826 783 789
Total Current Assets
247 240 204 213 201 231 246
Cash & Equivalents
13 17 9.49 23 23 77 94
Accounts Receivable
218 209 178 174 161 139 141
Prepaid Expenses
15 14 17 15 16 15 11
Plant, Property, & Equipment, net
66 64 60 58 57 41 34
Total Noncurrent Assets
694 640 654 565 568 511 510
Noncurrent Note & Lease Receivables
17 15 15 13 11 11 9.87
Goodwill
483 435 463 356 369 326 318
Intangible Assets
145 143 134 152 137 137 146
Other Noncurrent Operating Assets
49 47 41 44 51 36 35
Total Liabilities & Shareholders' Equity
1,007 944 918 836 826 783 789
Total Liabilities
465 402 501 368 360 320 320
Total Current Liabilities
128 132 125 135 125 102 103
Short-Term Debt
23 30 28 17 17 18 13
Accounts Payable
58 58 59 71 66 55 58
Current Employee Benefit Liabilities
32 28 24 31 26 16 20
Other Current Liabilities
16 15 14 15 15 13 12
Total Noncurrent Liabilities
337 270 375 233 235 218 216
Long-Term Debt
233 189 281 153 156 149 156
Noncurrent Deferred & Payable Income Tax Liabilities
8.27 8.24 5.85 10 7.45 7.11 5.77
Other Noncurrent Operating Liabilities
95 74 88 71 72 61 55
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
93 93 93 153 153 153 153
Total Equity & Noncontrolling Interests
449 449 324 315 313 310 316
Total Preferred & Common Equity
449 449 324 315 313 310 316
Total Common Equity
449 449 324 315 313 310 316
Common Stock
694 683 548 524 514 504 485
Retained Earnings
-244 -234 -224 -209 -201 -194 -169
Accumulated Other Comprehensive Income / (Loss)
-0.29 -0.22 -0.26 -0.30 -0.10 0.02 0.05

Annual Metrics And Ratios for Montrose Environmental Group

This table displays calculated financial ratios and metrics derived from Montrose Environmental Group's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
11.56% 14.66% -0.37%
EBITDA Growth
-18.95% -1.57% -20.81%
EBIT Growth
-59.93% 1.17% -102.73%
NOPAT Growth
-29.21% -1.45% -196.28%
Net Income Growth
-101.93% 3.02% -25.64%
EPS Growth
-41.40% 3.09% -3.85%
Operating Cash Flow Growth
-60.31% 171.31% -45.05%
Free Cash Flow Firm Growth
-97.64% -149.13% 28.92%
Invested Capital Growth
25.59% 13.42% 3.36%
Revenue Q/Q Growth
3.46% 4.39% -0.78%
EBITDA Q/Q Growth
-33.91% 27.23% -22.07%
EBIT Q/Q Growth
-81.66% 20.62% -61.03%
NOPAT Q/Q Growth
-61.14% -2.23% -46.74%
Net Income Q/Q Growth
-75.37% 23.29% -41.55%
EPS Q/Q Growth
-50.00% 17.37% -27.56%
Operating Cash Flow Q/Q Growth
360.45% 3.83% -35.55%
Free Cash Flow Firm Q/Q Growth
1.50% -3.38% -9.51%
Invested Capital Q/Q Growth
-1.20% 0.50% 0.09%
Profitability Metrics
- - -
Gross Margin
39.95% 38.50% 35.37%
EBITDA Margin
3.72% 5.12% 5.96%
Operating Margin
-5.27% -4.55% -5.15%
EBIT Margin
-5.52% -3.85% -4.47%
Profit (Net Income) Margin
-8.95% -4.94% -5.84%
Tax Burden Percent
114.72% 96.92% 107.61%
Interest Burden Percent
141.25% 132.41% 121.53%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-3.69% -3.42% -3.66%
ROIC Less NNEP Spread (ROIC-NNEP)
-22.95% -13.30% -21.62%
Return on Net Nonoperating Assets (RNNOA)
-8.61% -3.14% -3.14%
Return on Equity (ROE)
-12.30% -6.56% -6.80%
Cash Return on Invested Capital (CROIC)
-26.38% -16.00% -6.97%
Operating Return on Assets (OROA)
-4.26% -2.99% -2.99%
Return on Assets (ROA)
-6.90% -3.84% -3.92%
Return on Common Equity (ROCE)
-9.31% -4.43% -4.58%
Return on Equity Simple (ROE_SIMPLE)
-13.96% -9.61% -10.16%
Net Operating Profit after Tax (NOPAT)
-26 -20 -20
NOPAT Margin
-3.69% -3.19% -3.60%
Net Nonoperating Expense Percent (NNEP)
19.26% 9.88% 17.96%
Return On Investment Capital (ROIC_SIMPLE)
-3.69% -4.08% -4.07%
Cost of Revenue to Revenue
60.05% 61.50% 64.63%
SG&A Expenses to Revenue
37.57% 35.70% 32.38%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
45.22% 43.05% 40.51%
Earnings before Interest and Taxes (EBIT)
-38 -24 -24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
26 32 32
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.43 3.02 4.21
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
0.91 1.55 2.42
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.24 2.05 2.85
Enterprise Value to Revenue (EV/Rev)
1.39 2.03 2.85
Enterprise Value to EBITDA (EV/EBITDA)
37.32 39.66 47.79
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
43.44 22.61 75.08
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.46 0.35 0.36
Long-Term Debt to Equity
0.38 0.31 0.33
Financial Leverage
0.38 0.24 0.15
Leverage Ratio
1.78 1.71 1.74
Compound Leverage Factor
2.52 2.27 2.11
Debt to Total Capital
31.64% 26.02% 26.53%
Short-Term Debt to Total Capital
5.67% 2.78% 2.50%
Long-Term Debt to Total Capital
25.97% 23.24% 24.04%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
11.78% 23.86% 24.10%
Common Equity to Total Capital
56.58% 50.12% 49.36%
Debt to EBITDA
9.64 5.22 5.19
Net Debt to EBITDA
9.14 4.50 2.42
Long-Term Debt to EBITDA
7.91 4.67 4.70
Debt to NOPAT
-9.71 -8.38 -8.58
Net Debt to NOPAT
-9.21 -7.22 -4.00
Long-Term Debt to NOPAT
-7.97 -7.49 -7.78
Altman Z-Score
1.13 2.11 2.90
Noncontrolling Interest Sharing Ratio
24.26% 32.53% 32.69%
Liquidity Ratios
- - -
Current Ratio
1.50 1.59 2.22
Quick Ratio
1.41 1.48 2.13
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-184 -93 -37
Operating Cash Flow to CapEx
115.90% 195.83% 219.46%
Free Cash Flow to Firm to Interest Expense
-11.59 -11.93 -7.13
Operating Cash Flow to Interest Expense
1.40 7.19 3.94
Operating Cash Flow Less CapEx to Interest Expense
0.19 3.52 2.15
Efficiency Ratios
- - -
Asset Turnover
0.77 0.78 0.67
Accounts Receivable Turnover
3.71 4.01 3.81
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
11.55 13.44 16.12
Accounts Payable Turnover
6.77 6.23 5.32
Days Sales Outstanding (DSO)
98.26 90.96 95.79
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
53.95 58.63 68.64
Cash Conversion Cycle (CCC)
44.31 32.33 27.15
Capital & Investment Metrics
- - -
Invested Capital
776 618 545
Invested Capital Turnover
1.00 1.07 1.02
Increase / (Decrease) in Invested Capital
158 73 18
Enterprise Value (EV)
966 1,266 1,550
Market Capitalization
636 970 1,319
Book Value per Share
$13.01 $10.64 $10.54
Tangible Book Value per Share
($5.08) ($6.10) ($5.14)
Total Capital
789 641 634
Total Debt
250 167 168
Total Long-Term Debt
205 149 152
Net Debt
237 144 78
Capital Expenditures (CapEx)
19 29 9.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)
111 69 62
Debt-free Net Working Capital (DFNWC)
124 92 152
Net Working Capital (NWC)
79 75 136
Net Nonoperating Expense (NNE)
37 11 12
Net Nonoperating Obligations (NNO)
237 144 78
Total Depreciation and Amortization (D&A)
64 56 57
Debt-free, Cash-free Net Working Capital to Revenue
15.96% 11.08% 11.48%
Debt-free Net Working Capital to Revenue
17.82% 14.81% 27.98%
Net Working Capital to Revenue
11.39% 11.96% 25.07%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($2.22) ($1.57) ($1.62)
Adjusted Weighted Average Basic Shares Outstanding
33.06M 30.06M 29.69M
Adjusted Diluted Earnings per Share
($2.22) ($1.57) ($1.62)
Adjusted Weighted Average Diluted Shares Outstanding
33.06M 30.06M 29.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
34.34M 30.38M 29.87M
Normalized Net Operating Profit after Tax (NOPAT)
-25 -20 -22
Normalized NOPAT Margin
-3.64% -3.18% -4.02%
Pre Tax Income Margin
-7.80% -5.10% -5.43%
Debt Service Ratios
- - -
EBIT to Interest Expense
-2.42 -3.09 -4.64
NOPAT to Interest Expense
-1.62 -2.55 -3.74
EBIT Less CapEx to Interest Expense
-3.63 -6.76 -6.44
NOPAT Less CapEx to Interest Expense
-2.83 -6.22 -5.54
Payout Ratios
- - -
Dividend Payout Ratio
-17.76% -53.14% -51.54%
Augmented Payout Ratio
-18.31% -53.14% -52.12%

Quarterly Metrics And Ratios for Montrose Environmental Group

This table displays calculated financial ratios and metrics derived from Montrose Environmental Group's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
14.07% 6.40% 8.94% 18.18% 18.80% 28.87% 13.72% -2.41% -2.98% -1.71%
EBITDA Growth
-115.29% 7.69% 33.42% 282.19% 145.97% 11.25% -4.21% -86.63% -66.24% -48.87%
EBIT Growth
-580.69% -23.03% 30.53% 19.08% 67.73% 9.19% 4.74% -128.23% -230,525.00% -193.36%
NOPAT Growth
-156.36% 66.26% 56.49% -0.90% -7.49% 45.74% -6.06% -30.63% -1,409.64% -216.26%
Net Income Growth
-1,858.57% -40.39% -41.76% 9.25% 86.67% -31.56% 7.44% -95.32% -634.51% -356.96%
EPS Growth
-435.29% 0.00% -2.63% 15.87% 66.00% -18.18% 5.00% -61.54% -233.33% -371.43%
Operating Cash Flow Growth
119.63% -32.75% -95.84% -827.01% 16.55% 52.70% 39.63% 116.53% -47.71% -63.88%
Free Cash Flow Firm Growth
-119.42% -135.18% -58.95% -997.23% -237.30% -189.72% -251.24% 71.23% 48.25% 38.08%
Invested Capital Growth
25.59% 27.76% 20.73% 29.62% 13.42% 12.96% 14.34% 1.58% 3.36% 3.96%
Revenue Q/Q Growth
5.80% 3.09% 11.59% -6.29% -1.31% 5.55% 21.06% -5.80% 7.06% -6.86%
EBITDA Q/Q Growth
-115.76% -4.85% 148.81% -59.01% 10.96% 17.89% 612.71% -73.62% -49.82% 1.51%
EBIT Q/Q Growth
-300.55% -41.51% 62.60% -221.06% 27.60% 20.09% 56.43% -28.03% -103.73% 16.18%
NOPAT Q/Q Growth
-1,867.61% 56.21% 73.66% -12.95% -158.97% 43.53% 38.92% -20.33% -30.72% -10.39%
Net Income Q/Q Growth
-167.16% -3.87% 23.86% -826.93% 80.85% -4.89% 51.26% -36.14% -89.02% 26.20%
EPS Q/Q Growth
-133.33% 0.00% 26.42% -211.76% 56.41% -2.63% 39.68% -26.00% -51.52% 17.50%
Operating Cash Flow Q/Q Growth
180.17% 1,175.84% 104.06% -251.35% -14.21% -21.05% 609.24% -75.74% 12.40% -27.81%
Free Cash Flow Firm Q/Q Growth
-1.54% -32.35% 24.23% -115.48% -8.83% 10.55% -423.08% 33.76% 6.52% -8.44%
Invested Capital Q/Q Growth
-1.20% 5.61% 3.65% 16.13% 0.50% -0.20% 11.28% 1.62% 0.09% 1.02%
Profitability Metrics
- - - - - - - - - -
Gross Margin
40.78% 40.90% 39.95% 37.84% 38.51% 39.17% 38.28% 37.89% 34.89% 36.89%
EBITDA Margin
-0.93% 6.25% 6.78% 3.04% 6.95% 6.18% 5.53% 0.94% 3.36% 7.16%
Operating Margin
-12.08% -0.65% -1.53% -6.48% -5.38% -2.05% -3.83% -7.59% -5.94% -4.87%
EBIT Margin
-10.72% -2.83% -2.06% -6.15% -1.80% -2.45% -3.23% -8.99% -6.61% -3.47%
Profit (Net Income) Margin
-14.93% -5.91% -5.87% -8.60% -0.87% -4.48% -4.51% -11.20% -7.75% -4.39%
Tax Burden Percent
114.23% 114.88% 134.68% 103.83% 27.38% 121.35% 102.15% 110.24% 103.42% 96.49%
Interest Burden Percent
121.93% 181.78% 211.22% 134.59% 176.79% 150.80% 136.47% 113.05% 113.32% 130.92%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-8.45% -0.44% -1.04% -4.63% -4.04% -1.48% -2.60% -5.24% -4.23% -3.50%
ROIC Less NNEP Spread (ROIC-NNEP)
-14.89% -5.44% -5.77% -7.86% 0.28% -6.10% -5.24% -14.53% -11.59% -4.36%
Return on Net Nonoperating Assets (RNNOA)
-5.59% -2.10% -2.01% -3.49% 0.07% -1.44% -1.24% -2.60% -1.69% -1.70%
Return on Equity (ROE)
-14.04% -2.54% -3.06% -8.11% -3.98% -2.92% -3.84% -7.83% -5.91% -5.20%
Cash Return on Invested Capital (CROIC)
-26.38% -26.66% -21.37% -28.94% -16.00% -15.53% -17.10% -5.43% -6.97% -6.39%
Operating Return on Assets (OROA)
-8.26% -2.07% -1.54% -4.69% -1.39% -1.80% -2.25% -6.18% -4.43% -2.62%
Return on Assets (ROA)
-11.51% -4.32% -4.39% -6.55% -0.67% -3.30% -3.13% -7.70% -5.19% -3.31%
Return on Common Equity (ROCE)
-10.63% -1.92% -2.31% -5.85% -2.68% -1.97% -2.58% -5.26% -3.98% -3.13%
Return on Equity Simple (ROE_SIMPLE)
0.00% -7.91% -7.24% -9.09% 0.00% -12.78% -12.28% -12.58% 0.00% -7.10%
Net Operating Profit after Tax (NOPAT)
-16 -0.81 -1.86 -7.05 -6.24 -2.41 -4.27 -6.98 -5.80 -4.44
NOPAT Margin
-8.46% -0.45% -1.07% -4.54% -3.76% -1.43% -2.68% -5.31% -4.16% -3.41%
Net Nonoperating Expense Percent (NNEP)
6.44% 5.00% 4.73% 3.23% -4.32% 4.62% 2.64% 9.29% 7.37% 0.86%
Return On Investment Capital (ROIC_SIMPLE)
-2.30% - - - -1.28% - - - -1.21% -
Cost of Revenue to Revenue
59.22% 59.10% 60.05% 62.16% 61.49% 60.83% 61.72% 62.11% 65.11% 63.11%
SG&A Expenses to Revenue
44.67% 34.06% 34.18% 36.74% 36.86% 33.88% 34.72% 37.75% 32.38% 32.89%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
52.87% 41.55% 41.48% 44.32% 43.88% 41.22% 42.11% 45.48% 40.84% 41.76%
Earnings before Interest and Taxes (EBIT)
-20 -5.06 -3.58 -9.56 -2.98 -4.11 -5.15 -12 -9.23 -4.53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-1.76 11 12 4.72 12 10 8.80 1.24 4.68 9.33
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.43 2.00 3.38 3.67 3.02 2.80 4.05 3.44 4.21 3.16
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.91 1.34 2.29 1.84 1.55 1.48 2.26 1.97 2.42 1.82
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.24 1.57 2.44 2.21 2.05 1.92 2.55 2.36 2.85 2.25
Enterprise Value to Revenue (EV/Rev)
1.39 1.84 2.74 2.44 2.03 1.98 2.80 2.42 2.85 2.24
Enterprise Value to EBITDA (EV/EBITDA)
37.32 31.58 47.28 44.70 39.66 47.10 65.28 53.56 47.79 29.47
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
43.44 256.02 174.66 51.11 22.61 21.91 32.63 31.16 75.08 38.28
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.46 0.47 0.40 0.74 0.35 0.36 0.37 0.36 0.36 0.36
Long-Term Debt to Equity
0.38 0.43 0.35 0.67 0.31 0.33 0.33 0.32 0.33 0.33
Financial Leverage
0.38 0.39 0.35 0.44 0.24 0.24 0.24 0.18 0.15 0.39
Leverage Ratio
1.78 1.82 1.76 1.93 1.71 1.73 1.73 1.69 1.74 1.90
Compound Leverage Factor
2.17 3.32 3.71 2.60 3.02 2.62 2.36 1.91 1.97 2.48
Debt to Total Capital
31.64% 32.09% 28.77% 42.57% 26.02% 26.65% 27.10% 26.53% 26.53% 26.40%
Short-Term Debt to Total Capital
5.67% 2.90% 3.95% 3.92% 2.78% 2.73% 2.70% 2.83% 2.50% 1.99%
Long-Term Debt to Total Capital
25.97% 29.19% 24.82% 38.65% 23.24% 23.92% 24.40% 23.70% 24.04% 24.41%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
11.78% 11.64% 12.22% 12.79% 23.86% 23.98% 23.93% 24.27% 24.10% 23.98%
Common Equity to Total Capital
56.58% 56.27% 59.01% 44.64% 50.12% 49.37% 48.97% 49.20% 49.36% 49.62%
Debt to EBITDA
9.64 6.54 5.70 8.74 5.22 6.77 7.20 6.84 5.19 4.05
Net Debt to EBITDA
9.14 6.21 5.26 8.47 4.50 5.85 6.24 3.70 2.42 1.80
Long-Term Debt to EBITDA
7.91 5.95 4.92 7.93 4.67 6.08 6.49 6.11 4.70 3.74
Debt to NOPAT
-9.71 -16.06 -12.47 -15.51 -8.38 -8.73 -8.06 -7.87 -8.58 -12.60
Net Debt to NOPAT
-9.21 -15.24 -11.50 -15.03 -7.22 -7.54 -6.98 -4.26 -4.00 -5.60
Long-Term Debt to NOPAT
-7.97 -14.61 -10.76 -14.08 -7.49 -7.84 -7.26 -7.03 -7.78 -11.65
Altman Z-Score
1.19 1.62 2.75 1.86 2.20 1.90 2.54 2.49 2.97 2.47
Noncontrolling Interest Sharing Ratio
24.26% 24.34% 24.40% 27.92% 32.53% 32.64% 32.76% 32.83% 32.69% 39.83%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.50 1.93 1.82 1.63 1.59 1.58 1.61 2.26 2.22 2.38
Quick Ratio
1.41 1.80 1.71 1.50 1.48 1.47 1.48 2.11 2.13 2.27
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-174 -171 -130 -171 -79 -73 -82 -16 -24 -25
Operating Cash Flow to CapEx
6,391.20% 403.61% 7.48% -368.31% 399.95% 422.10% 127.75% 73.27% 299.45% 580.61%
Free Cash Flow to Firm to Interest Expense
-39.18 -41.44 -32.58 -51.71 -34.71 -34.90 -43.42 -10.11 -19.14 -17.97
Operating Cash Flow to Interest Expense
7.19 2.76 0.22 -6.66 6.36 8.12 11.45 1.97 10.16 7.93
Operating Cash Flow Less CapEx to Interest Expense
7.08 2.07 -2.78 -8.47 4.77 6.20 2.49 -0.72 6.77 6.57
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.77 0.73 0.75 0.76 0.78 0.74 0.69 0.69 0.67 0.75
Accounts Receivable Turnover
3.71 3.43 3.58 4.09 4.01 3.79 3.78 3.97 3.81 4.32
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
11.55 10.85 10.97 12.91 13.44 13.06 12.25 14.79 16.12 16.97
Accounts Payable Turnover
6.77 6.36 6.49 6.99 6.23 5.77 5.61 6.03 5.32 7.10
Days Sales Outstanding (DSO)
98.26 106.52 101.88 89.33 90.96 96.39 96.48 91.86 95.79 84.52
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
53.95 57.41 56.21 52.20 58.63 63.21 65.01 60.50 68.64 51.41
Cash Conversion Cycle (CCC)
44.31 49.11 45.67 37.14 32.33 33.18 31.47 31.36 27.15 33.11
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
776 785 744 717 618 615 616 553 545 544
Invested Capital Turnover
1.00 0.96 0.97 1.02 1.07 1.03 0.97 0.99 1.02 1.03
Increase / (Decrease) in Invested Capital
158 171 128 164 73 70 77 8.60 18 21
Enterprise Value (EV)
966 1,236 1,813 1,583 1,266 1,182 1,570 1,309 1,550 1,226
Market Capitalization
636 900 1,519 1,190 970 882 1,267 1,065 1,319 999
Book Value per Share
$13.01 $13.12 $13.17 $10.68 $10.64 $10.44 $10.41 $10.38 $10.54 $10.66
Tangible Book Value per Share
($5.08) ($5.20) ($3.80) ($9.00) ($6.10) ($6.40) ($6.41) ($5.14) ($5.14) ($5.00)
Total Capital
789 798 760 727 641 638 639 630 634 638
Total Debt
250 256 219 309 167 170 173 167 168 168
Total Long-Term Debt
205 233 189 281 149 153 156 149 152 156
Net Debt
237 243 202 300 144 147 150 90 78 75
Capital Expenditures (CapEx)
0.50 2.83 12 5.98 3.64 4.02 17 4.13 4.17 1.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)
111 129 121 98 69 72 70 70 62 62
Debt-free Net Working Capital (DFNWC)
124 142 138 107 92 96 93 147 152 155
Net Working Capital (NWC)
79 119 108 79 75 78 76 129 136 142
Net Nonoperating Expense (NNE)
12 9.75 8.31 6.31 -4.80 5.12 2.91 7.74 5.01 1.28
Net Nonoperating Obligations (NNO)
237 243 202 300 144 147 150 90 78 75
Total Depreciation and Amortization (D&A)
19 16 15 14 14 14 14 13 14 14
Debt-free, Cash-free Net Working Capital to Revenue
15.96% 19.14% 18.33% 15.11% 11.08% 12.12% 12.49% 12.89% 11.48% 11.22%
Debt-free Net Working Capital to Revenue
17.82% 21.08% 20.88% 16.58% 14.81% 15.99% 16.65% 27.08% 27.98% 28.27%
Net Working Capital to Revenue
11.39% 17.63% 16.35% 12.18% 11.96% 13.08% 13.57% 23.78% 25.07% 25.96%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.91) ($0.39) ($0.39) ($0.53) ($0.17) ($0.39) ($0.38) ($0.63) ($0.50) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding
33.06M 34.24M 33.32M 30.38M 30.06M 30.14M 30.05M 29.86M 29.69M 29.69M
Adjusted Diluted Earnings per Share
($0.91) ($0.39) ($0.39) ($0.53) ($0.17) ($0.39) ($0.38) ($0.63) ($0.50) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding
33.06M 34.24M 33.32M 30.38M 30.06M 30.14M 30.05M 29.86M 29.69M 29.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
34.34M 34.30M 34.23M 34.08M 30.38M 30.19M 30.15M 30.08M 29.87M 29.71M
Normalized Net Operating Profit after Tax (NOPAT)
-16 -0.71 -1.76 -6.97 -6.47 -2.09 -4.02 -7.26 -5.63 -4.40
Normalized NOPAT Margin
-8.40% -0.40% -1.02% -4.49% -3.90% -1.24% -2.53% -5.52% -4.04% -3.38%
Pre Tax Income Margin
-13.07% -5.15% -4.36% -8.28% -3.18% -3.69% -4.41% -10.16% -7.49% -4.55%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-4.56 -1.22 -0.90 -2.89 -1.30 -1.97 -2.74 -7.66 -7.51 -3.23
NOPAT to Interest Expense
-3.60 -0.20 -0.47 -2.13 -2.73 -1.15 -2.27 -4.53 -4.72 -3.17
EBIT Less CapEx to Interest Expense
-4.67 -1.91 -3.90 -4.70 -2.89 -3.89 -11.70 -10.35 -10.90 -4.60
NOPAT Less CapEx to Interest Expense
-3.71 -0.88 -3.47 -3.94 -4.32 -3.08 -11.23 -7.21 -8.11 -4.54
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-17.76% -34.94% -42.36% -41.70% -53.14% -40.77% -42.68% -42.05% -51.54% -72.96%
Augmented Payout Ratio
-18.31% -35.92% -43.43% -42.88% -53.14% -40.77% -42.68% -42.05% -52.12% -75.76%

Frequently Asked Questions About Montrose Environmental Group's Financials

When does Montrose Environmental Group's financial year end?

According to the most recent income statement we have on file, Montrose Environmental Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Montrose Environmental Group's net income changed over the last 2 years?

Montrose Environmental Group's net income appears to be on an upward trend, with a most recent value of -$62.31 million in 2024, rising from -$31.82 million in 2022. The previous period was -$30.86 million in 2023. Check out Montrose Environmental Group's forecast to explore projected trends and price targets.

What is Montrose Environmental Group's operating income?
Montrose Environmental Group's total operating income in 2024 was -$36.72 million, based on the following breakdown:
  • Total Gross Profit: $278.20 million
  • Total Operating Expenses: $314.92 million
How has Montrose Environmental Group revenue changed over the last 2 years?

Over the last 2 years, Montrose Environmental Group's total revenue changed from $544.42 million in 2022 to $696.40 million in 2024, a change of 27.9%.

How much debt does Montrose Environmental Group have?

Montrose Environmental Group's total liabilities were at $451.16 million at the end of 2024, a 31.7% increase from 2023, and a 38.5% increase since 2022.

How much cash does Montrose Environmental Group have?

In the past 2 years, Montrose Environmental Group's cash and equivalents has ranged from $12.94 million in 2024 to $89.83 million in 2022, and is currently $12.94 million as of their latest financial filing in 2024.

How has Montrose Environmental Group's book value per share changed over the last 2 years?

Over the last 2 years, Montrose Environmental Group's book value per share changed from 10.54 in 2022 to 13.01 in 2024, a change of 23.4%.



This page (NYSE:MEG) was last updated on 5/23/2025 by MarketBeat.com Staff
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