Montrose Environmental Group (MEG) Financials

$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

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

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

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

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

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

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

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%

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%.

Related Companies

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

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Montrose Environmental Group (MEG) Financials

Frequently Asked Questions About Montrose Environmental Group's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Montrose Environmental Group (MEG) Financials

Annual Income Statements for Montrose Environmental Group

Quarterly Income Statements for Montrose Environmental Group

Annual Cash Flow Statements for Montrose Environmental Group

Quarterly Cash Flow Statements for Montrose Environmental Group

Annual Balance Sheets for Montrose Environmental Group

Quarterly Balance Sheets for Montrose Environmental Group

Annual Metrics And Ratios for Montrose Environmental Group

Quarterly Metrics And Ratios for Montrose Environmental Group

Frequently Asked Questions About Montrose Environmental Group's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools