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Montrose Environmental Group, Inc.(MEG)Earnings, Financials & Key Ratios
MEG•NYSE
$15.64
Price updated Jun 20, 2026
AboutMontrose Environmental Group, Inc. operates as an environmental services company in the United States. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects. Its technical advisory and consulting services include regulatory compliance support and planning, environmental, and ecosystem and toxicological assessments and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as air, storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. It serves technology, media, chemical, energy, power and utility, industrial and manufacturing, financial, and engineering industries, as well as local, state, provincial, and federal government entities. The company was founded in 2012 and is headquartered in North Little Rock, Arkansas.Show more
- Revenue$831M+19.3%
- EBITDA$64M+130.1%
- Net Income-$843K+98.6%
- EPS (Diluted)-0.14+93.7%
- Gross Margin34.13%-14.6%
- EBITDA Margin7.65%+92.9%
- Operating Margin1.52%+128.8%
- Net Margin-0.1%+98.9%
- ROE-0.19%+98.8%
MEG Price & Volume
Montrose Environmental Group, Inc. (MEG) stock price & volume — 10-year historical chart
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Acquisition Driven Growth Masks Persistent Structural Losses
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Burning
Primary Risk:Acquisition Integration Margin Dilution
Key Thesis Takeaways
- Montrose Environmental Group faces significant structural headwinds as its aggressive, acquisition-led growth strategy has failed to translate into consistent operating leverage, resulting in persistent net losses and a 2026Q1 net margin of -7.5%.
- The company's reliance on inorganic expansion has led to a heavy concentration of goodwill, which now represents 49% of total assets, raising concerns regarding long-term asset quality and integration risks.
- Investors should remain cautious as the firm struggles to maintain positive free cash flow, evidenced by a $17.3 million deficit in 2026Q1, while high stock-based compensation continues to obscure the underlying economic profitability of the business.
Verdict Logic
the company's inability to achieve consistent profitability, highlighted by a -111.71 TTM P/E ratio and persistent net losses, suggests that the current business model lacks the necessary operational efficiency to justify further capital allocation.
MEG Growth Metrics
Montrose Environmental Group, Inc. (MEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years20.4%
3 Years15.12%
TTM14.23%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM108.53%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM102.16%
Return on Capital
10 Years-4.21%
5 Years-2.63%
3 Years-2.48%
Last Year1.54%
MEG Recent Earnings
Montrose Environmental Group, Inc. (MEG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.28-300.0%
$0.07
Rev
$169M-6.2%
$180M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.23-560.0%
$0.05
Rev
$193M+3.0%
$188M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.36+11.5%
$0.32
Rev
$225M+11.6%
$201M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.63+152.0%
$0.25
Rev
$235M+20.3%
$195M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.28vs $0.07-300.0% | $169Mvs $180M-6.2% |
| Q1 2026 | Feb 25, 2026 | $0.23vs $0.05-560.0% | $193Mvs $188M+3.0% |
| Q4 2025 | Nov 4, 2025 | $0.36vs $0.32+11.5% | $225Mvs $201M+11.6% |
| Q3 2025 | Aug 6, 2025 | $0.63vs $0.25+152.0% | $235Mvs $195M+20.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Montrose Environmental Group, Inc. (MEG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $15.64 | $565.7M | -111.71 | 19.26% | -0.1% | -0.19% | 0.76% | |
| $297.93 | $15.88B | 40.92 | 2.39% | 6.53% | 14.37% | — | |
| $11.81 | $1.29B | -19.36 | 2.7% | -7.71% | -10.2% | — | |
| $18.26 | $493.1M | 6521.43 | 18.4% | 3.32% | 0.35% | — | |
| $14.34 | $266.22M | -19.12 | 4.33% | -30.06% | -34.48% | — | |
| $99.01 | $6.2B | 825.08 | 17.95% | 0.38% | 0.46% | — |
Compare MEG vs Peers
Montrose Environmental Group, Inc. (MEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MEG SEC Filings & Documents
Montrose Environmental Group, Inc. (MEG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MEG Frequently Asked Questions
Montrose Environmental Group, Inc. (MEG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Montrose Environmental Group, Inc.'s revenue?
Montrose Environmental Group, Inc. (MEG) reported $821.2M in revenue for fiscal year 2025. This represents a 335% increase from $188.8M in 2018.
How fast is Montrose Environmental Group, Inc. growing?
Montrose Environmental Group, Inc. (MEG) grew revenue by 19.3% over the past year. This is strong growth.
Is MEG profitable?
Yes, Montrose Environmental Group, Inc. (MEG) is profitable, generating $5.8M in net income for fiscal year 2025 (-0.1% net margin).
Dividend & Returns
Does MEG pay dividends?
Yes, Montrose Environmental Group, Inc. (MEG) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.
What is MEG's return on equity?
Montrose Environmental Group, Inc. (MEG) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.
What is Montrose Environmental Group, Inc.'s free cash flow?
Montrose Environmental Group, Inc. (MEG) generated $71.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.