MEG (MEG)
Montrose Environmental Group, Inc.
NYSE:MEGIndustrials · Waste Management
Mkt Cap-
Float32.3M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$830.54M
Net Income-$843K
Total Assets$981.3M
Free Cash Flow$91.16M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$359.03M
Total Equity$451.18M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MEG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$981.3M
Liabilities$530.12M
Accounts Receivable$214.21M
Accounts Payable$34.81M
Inventory$2.63M
PP&E (Net)$138.01M
Goodwill$466.79M
Intangible Assets$126.38M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $830.54M | $696.39M | $624.21M | $544.42M | $546.41M | $328.24M | $233.85M | $188.81M |
| YoY Growth | 19.3% | 11.6% | 14.7% | -0.4% | 66.5% | 40.4% | 23.9% | - |
| Cost of Revenue | $547.11M | $418.19M | $383.9M | $351.88M | $369.03M | $215.49M | $163.98M | $134.73M |
| Gross Profit | $283.43M | $278.2M | $240.31M | $192.53M | $177.38M | $112.75M | $69.87M | $54.07M |
| Gross Margin | 34.1% | 39.9% | 38.5% | 35.4% | 32.5% | 34.3% | 29.9% | 28.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $268.98M | $261.63M | $222.86M | $176.29M | $117.66M | $85.55M | $50.66M | $40.95M |
| Other | $0 | $53.3M | $45.86M | $44.25M | $69.18M | $50.22M | $28.15M | $265K |
| Total Operating Expenses | $268.98M | $314.92M | $268.73M | $220.55M | $186.84M | $135.76M | $78.82M | $64.87M |
| Operating Income (EBIT) | $14.45M | -$36.72M | -$28.42M | -$28.01M | -$9.46M | -$23.01M | -$19.92M | -$10.64M |
| Operating Margin | 1.7% | -5.3% | -4.6% | -5.1% | -1.7% | -7.0% | -8.5% | -5.6% |
| Interest Expense | $19.57M | $15.86M | $7.79M | $5.24M | $11.62M | $13.82M | $6.75M | $11.09M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$3.23M | -$17.6M | -$3.42M | -$1.56M | -$14.16M | -$34.09M | -$17.73M | -$10.82M |
| Income Before Tax (EBT) | $11.22M | -$54.32M | -$31.84M | -$29.57M | -$23.62M | -$57.1M | -$26.68M | -$21.46M |
| Income Tax Expense | $12.06M | $8M | -$980K | $2.25M | $1.71M | $851K | -$3.12M | -$4.97M |
| Net Income | -$843K | -$62.31M | -$30.86M | -$31.82M | -$25.32M | -$57.95M | -$23.56M | -$16.49M |
| Net Income Margin | -0.1% | -8.9% | -4.9% | -5.8% | -4.6% | -17.7% | -10.1% | -8.7% |
| Supplementary Data | ||||||||
| EPS | -0.14 | -2.22 | -1.57 | -1.62 | -1.56 | -6.48 | -0.94 | -0.79 |
| Diluted EPS | -0.14 | -2.22 | -1.57 | -1.62 | -1.56 | -6.48 | -0.94 | -0.79 |
| Weighted Average OS | 35.12M | 33.06M | 30.06M | 29.69M | 26.72M | 16.48M | 24.96M | 20.91M |
| EBITDA | $65.36M | $25.88M | $31.93M | $32.44M | $40.96M | -$6M | $7.78M | $13.54M |
| EBITDA Margin | 7.9% | 3.7% | 5.1% | 6.0% | 7.5% | -1.8% | 3.3% | 7.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $11.22M | $12.94M | $23.24M | $89.83M | $146.74M | $34.39M | $6.41M | $2.49M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.22M | $12.94M | $23.24M | $89.83M | $146.74M | $34.39M | $6.41M | $2.49M |
| Accounts Receivable | $214.21M | $210.97M | $164.02M | $147.81M | $139.16M | $92.68M | $60.74M | $48.91M |
| Inventory | $2.63M | $2.79M | $3.82M | $3.63M | $2.44M | $2.49M | $2.37M | $745K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $495K | $1.71M | $154K |
| Total Current Assets | $240.39M | $238M | $200.92M | $247.93M | $293.86M | $134.27M | $73.24M | $54M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $138.01M | $123.17M | $102.33M | $71.92M | $64M | $34.4M | $27.04M | $20.79M |
| Goodwill | $466.79M | $467.79M | $364.45M | $323.87M | $311.94M | $274.67M | $127.06M | $90.5M |
| Intangible Assets | $126.38M | $152.76M | $140.81M | $142.11M | $161M | $154.85M | $102.55M | $68.56M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $122K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6M |
| Other Long-Term Assets | $9.73M | $8.63M | $8.27M | $6.09M | $2.3M | $4.54M | $1.96M | -$5.6M |
| Total Long-Term Assets | $740.9M | $752.35M | $615.86M | $543.99M | $539.24M | $468.46M | $258.6M | $180.37M |
| Other Assets | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $981.3M | $990.35M | $816.79M | $791.91M | $833.09M | $602.73M | $331.84M | $234.37M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $34.81M | $33.42M | $31.05M | $25.35M | $24.17M | $15.48M | $15.03M | $8.68M |
| Short-Term Debt | $11.23M | $17.87M | $14.2M | $12.03M | $10.94M | $5.58M | $7.14M | $2.26M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $256K | $0 | $0 |
| Current Unearned Revenue | $15M | $9.3M | $8.13M | $18.55M | $27.91M | $6.11M | $3.31M | $2.4M |
| Other Current Liabilities | $47.05M | $46.1M | $26.72M | $17.18M | $46.84M | $56.88M | $29.45M | $23.22M |
| Total Current Liabilities | $168M | $158.66M | $126.29M | $111.44M | $147.69M | $111.54M | $73.25M | $42.37M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $277.06M | $204.82M | $148.99M | $152.49M | $161.82M | $170.32M | $145.05M | $70.97M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $21.82M | $13.31M | $6.06M | $5.74M | $4.01M | $2.81M | $9.96M | $4.87M |
| Other Long-Term Liabilities | $9.84M | $124.96M | $180.96M | $183.13M | $180.46M | $180.9M | $7.48M | $4.93M |
| Total Long-Term Liabilities | $362.12M | $385.43M | $369.25M | $367.29M | $368.9M | $354.04M | $162.49M | $75.9M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $530.12M | $544.09M | $495.53M | $478.73M | $516.59M | $465.58M | $235.74M | $118.27M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $152.93M | $152.93M | $152.93M | $152.93M | $128.82M | $109.21M |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$273.51M | -$272.67M | -$210.36M | -$179.5M | -$147.68M | -$122.35M | -$64.4M | -$40.85M |
| Comprehensive Income & Other | -$3.24M | -$2.13M | -$223K | $8K | $36K | $71K | -$40K | $0 |
| Other Stockholders' Equity | $724.69M | $718.93M | $531.61M | $492.68M | $464.18M | $259.5M | $166.94M | $157.07M |
| Total Equity | $451.18M | $446.26M | $321.25M | $313.19M | $316.5M | $137.15M | $102.53M | $116.23M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $981.3M | $990.35M | $816.79M | $791.91M | $833.09M | $602.73M | $338.27M | $234.49M |
| Supplementary Data | ||||||||
| Total Debt | $359.03M | $281M | $210.34M | $202.12M | $205.77M | $175.9M | $152.19M | $73.23M |
| Net Debt | $347.8M | $268.06M | $187.1M | $112.29M | $59.03M | $141.52M | $145.78M | $70.74M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$843K | -$62.31M | -$30.86M | -$31.82M | -$25.32M | -$57.95M | -$23.56M | -$16.49M |
| Depreciation & Amortization | $50.91M | $64.33M | $55.97M | $56.77M | $52.96M | $37.27M | $27.7M | $23.91M |
| Deferred Income Tax | $9.9M | $4.29M | -$980K | $2.25M | $1.71M | $851K | -$3.12M | -$4.97M |
| Stock-Based Compensation | $42.72M | $64.67M | $47.27M | $43.29M | $10.32M | $4.85M | $4.34M | $5.79M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$10.07M | -$41.98M | -$2.92M | $4.39M | -$36.16M | -$19.2M | -$6.59M | -$10M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $19.2M | $0 | -$11.29M |
| Accounts Payable | $8.35M | $3.8M | -$8.91M | -$9.88M | $24M | $601K | $6.08M | -$2.2M |
| Other Working Capital | $4.7M | -$14.29M | -$1.95M | -$17.53M | -$5.85M | -$17.27M | -$1.82M | $11.63M |
| Total Working Capital Change | $2.97M | -$52.47M | -$13.78M | -$23.01M | -$18.02M | -$16.67M | -$2.33M | -$11.85M |
| Other Non-Cash Items | $1.81M | $3.73M | -$1.6M | -$26.83M | $15.93M | $33.49M | $13.99M | $756K |
| Net Cash from Operating | $107.48M | $22.23M | $56.02M | $20.65M | $37.58M | $1.85M | $17.04M | -$2.85M |
| Investing Activities | ||||||||
| Capital Expenditures | -$17.01M | -$21.33M | -$29.58M | -$10M | -$6.88M | -$7.78M | -$4.69M | -$4.11M |
| Acquisitions | $712K | -$113.09M | -$66.19M | -$28.63M | -$55.73M | -$171.98M | -$81.37M | -$45.84M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $458K | -$3.63M | -$5.86M | -$60K | -$9.03M | $20K | -$921K | -$339K |
| Net Cash from Investing | -$15.84M | -$138.04M | -$101.62M | -$38.69M | -$71.64M | -$179.74M | -$86.98M | -$50.28M |
| Financing Activities | ||||||||
| Debt Repaid | -$56.39M | -$53.94M | $6.45M | $12.72M | $1.62M | -$121.96M | -$74.37M | $29.21M |
| Common Stock Issuance | -$1.34M | $121.78M | $0 | $1.46M | $169.78M | $331.2M | $0 | $0 |
| Common Stock Repurchases | -$122.23M | $0 | $0 | $0 | $0 | -$131.82M | $0 | -$2.72M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$6.97M | $0 | $0 |
| Other Financing Activities | -$21.78M | $1.35M | $2.74M | -$11.11M | -$5.66M | -$10.87M | $518K | $82.78M |
| Net Cash from Financing | -$93.12M | $106M | -$20.11M | -$38.76M | $146.1M | $205.9M | $74.45M | $50.85M |
| Forex Effect | -$224K | -$497K | -$876K | -$111K | -$183K | -$15K | -$116K | $0 |
| Net Change in Cash | -$1.71M | -$10.3M | -$66.59M | -$56.91M | $111.86M | $28M | $4.39M | -$2.28M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $107.48M | $22.23M | $56.02M | $20.65M | $37.58M | $1.85M | $17.04M | -$2.85M |
| Capital Expenditure | -$16.32M | -$21.33M | -$32.93M | -$10M | -$7.58M | -$7.78M | -$4.71M | -$4.11M |
| Free Cash Flow | $91.16M | $902K | $23.09M | $10.65M | $30M | -$5.93M | $12.33M | -$6.95M |
| Cash at Beginning | $12.94M | $23.24M | $89.83M | $146.74M | $34.88M | $6.88M | $2.49M | $4.77M |
| Cash at End | $11.22M | $12.94M | $23.24M | $89.83M | $146.74M | $34.88M | $6.88M | $2.49M |