Montrose Environmental Group, Inc. (MEG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 216.64M | 240.39M | 255.98M | 260.92M | 249.39M | 238M | 246.94M | 240.02M | 204.44M | 200.92M | 213.06M | 200.61M | 231.01M | 247.93M | 245.83M | 244.24M | 238.86M | 293.86M | 138.59M | 175.28M |
| Cash & Short-Term Investments | 10.05M | 11.22M | 7.84M | 10.48M | 30.28M | 12.94M | 13.04M | 16.91M | 9.49M | 23.24M | 23.18M | 23.31M | 76.79M | 89.83M | 93.57M | 98.41M | 93.79M | 146.74M | 16.01M | 40.19M |
| Cash Only | 10.05M | 11.22M | 6.74M | 10.48M | 30.28M | 12.94M | 13.04M | 16.91M | 9.49M | 23.24M | 23.18M | 23.31M | 76.79M | 89.83M | 93.57M | 98.41M | 93.79M | 146.74M | 16.01M | 40.19M |
| Short-Term Investments | 0 | 0 | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 117.61M | 214.21M | 234.06M | 235.32M | 200.43M | 210.97M | 218.4M | 208.89M | 178.2M | 164.02M | 176.04M | 162.5M | 139.61M | 147.81M | 142.47M | 136.48M | 133.87M | 139.16M | 112.74M | 127.38M |
| Days Sales Outstanding | 88.61 | 106.69 | 96.01 | 84.53 | 104.1 | 104.47 | 110 | 101.62 | 100.25 | 94.38 | 92.73 | 86.4 | 98.41 | 95.71 | 98.47 | 87.92 | 91.23 | 80.58 | 83.32 | 85.1 |
| Inventory | 0 | 2.63M | 3.46M | 3.15M | 3.6M | 2.79M | 3.16M | 2.98M | 3M | 3.82M | 5.04M | 4.89M | 4.07M | 3.63M | 3.69M | 2.8M | 2.52M | 2.44M | 2.47M | 2.35M |
| Days Inventory Outstanding | - | 2.15 | 2.23 | 2.31 | 2.65 | 2.45 | 2.68 | 2.62 | 3.22 | 4 | 4.47 | 4.15 | 4.25 | 3.71 | 3.63 | 2.67 | 2.52 | 2.34 | 2.6 | 2.36 |
| Other Current Assets | 88.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 731.38M | 740.9M | 729.7M | 737.17M | 742.77M | 752.35M | 759.96M | 703.9M | 713.66M | 615.86M | 623.05M | 625.05M | 552.17M | 543.99M | 543.28M | 543.51M | 551.39M | 539.24M | 529.03M | 506.24M |
| Property, Plant & Equipment | 135.81M | 138.01M | 122.29M | 122.65M | 120.97M | 123.17M | 124.26M | 117.35M | 107.2M | 102.33M | 106.4M | 112.63M | 83.29M | 71.92M | 71.9M | 72.14M | 71.1M | 64M | 61.68M | 62.81M |
| Fixed Asset Turnover | 1.23x | 1.49x | 1.84x | 1.93x | 1.46x | 1.53x | 1.48x | 1.54x | 1.48x | 1.59x | 1.53x | 1.62x | 1.69x | 1.94x | 1.81x | 1.95x | 1.99x | 2.29x | 2.13x | 2.79x |
| Goodwill | 466.56M | 466.79M | 469.02M | 468.98M | 468.35M | 467.79M | 482.61M | 435.48M | 463.45M | 364.45M | 356.4M | 368.56M | 326.5M | 323.87M | 318.41M | 315.63M | 316.17M | 311.94M | 304.24M | 287.29M |
| Intangible Assets | 119.76M | 126.38M | 132.85M | 139.84M | 146.9M | 152.76M | 144.65M | 142.87M | 134.42M | 140.81M | 151.58M | 137.37M | 137.27M | 142.11M | 146.27M | 150.68M | 159.43M | 161M | 160.24M | 152.74M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 9.24M | 9.73M | 5.54M | 5.69M | 6.55M | 8.63M | 8.44M | 8.19M | 8.58M | 8.27M | 8.68M | 6.49M | 5.11M | 6.09M | 6.69M | 5.06M | 4.68M | 2.3M | 2.87M | 3.39M |
| Total Assets | 948.02M | 981.3M | 985.68M | 998.08M | 992.16M | 990.35M | 1.01B | 943.92M | 918.1M | 816.79M | 836.11M | 825.66M | 783.18M | 791.91M | 789.11M | 787.74M | 790.25M | 833.09M | 667.62M | 681.52M |
| Asset Turnover | 0.17x | 0.20x | 0.23x | 0.24x | 0.18x | 0.19x | 0.18x | 0.19x | 0.18x | 0.20x | 0.20x | 0.20x | 0.17x | 0.18x | 0.17x | 0.18x | 0.17x | 0.19x | 0.20x | 0.21x |
| Asset Growth % | -4.45% | -0.91% | -2.11% | 5.74% | 8.07% | 21.25% | 20.43% | 14.32% | 17.23% | 3.14% | 5.96% | 4.81% | -0.89% | -4.94% | 18.2% | 15.59% | 26.39% | 38.22% | 10.84% | 11.47% |
| Total Current Liabilities | 117.63M | 168M | 154.35M | 146.76M | 121.78M | 158.66M | 128.24M | 131.72M | 125.5M | 126.29M | 134.83M | 124.59M | 102.33M | 111.44M | 103.4M | 101.29M | 99.69M | 147.69M | 114.65M | 107.22M |
| Accounts Payable | 0 | 34.81M | 28.53M | 35.64M | 28.87M | 33.42M | 26.73M | 24.29M | 25.03M | 31.05M | 35.98M | 27.81M | 24.4M | 25.35M | 19.02M | 26.32M | 17.63M | 24.17M | 17.23M | 18.1M |
| Days Payables Outstanding | - | 22.31 | 21.66 | 22.1 | 25.86 | 24.71 | 22.23 | 21.56 | 26.43 | 30.26 | 28.73 | 24.19 | 27.43 | 22.47 | 25.36 | 22.11 | 21.28 | 19.76 | 19.07 | 16.58 |
| Short-Term Debt | 28.34M | 11.23M | 27.93M | 8.69M | 6.17M | 17.87M | 16.75M | 23.67M | 16.71M | 14.2M | 14.18M | 13.15M | 13.13M | 12.03M | 8.75M | 8.75M | 8.75M | 10.94M | 8.75M | 6.56M |
| Deferred Revenue (Current) | 0 | 15M | 13.83M | 12.51M | 8.66M | 9.3M | 11.99M | 13.28M | 10.02M | 8.13M | 12.4M | 11.33M | 10.93M | 18.55M | 23.27M | 18.92M | 24.77M | 27.91M | 8.04M | 7.29M |
| Other Current Liabilities | 89.29M | 47.05M | 37.77M | 38.79M | 26.32M | 46.1M | 20.31M | 20.47M | 21.93M | 26.72M | 24.04M | 18.05M | 12.07M | 17.18M | 14.71M | 9.81M | 6.61M | 46.84M | 40.78M | 36.22M |
| Current Ratio | 1.84x | 1.43x | 1.66x | 1.78x | 2.05x | 1.50x | 1.93x | 1.82x | 1.63x | 1.59x | 1.58x | 1.61x | 2.26x | 2.22x | 2.38x | 2.41x | 2.40x | 1.99x | 1.21x | 1.63x |
| Quick Ratio | 1.84x | 1.42x | 1.64x | 1.76x | 2.02x | 1.48x | 1.90x | 1.80x | 1.61x | 1.56x | 1.54x | 1.57x | 2.22x | 2.19x | 2.34x | 2.38x | 2.37x | 1.97x | 1.19x | 1.61x |
| Cash Conversion Cycle | - | 86.53 | 76.58 | 64.74 | 80.9 | 82.2 | 90.45 | 82.67 | 77.04 | 68.12 | 68.47 | 66.36 | 75.23 | 76.94 | 76.73 | 68.48 | 72.47 | 63.16 | 66.85 | 70.88 |
| Total Non-Current Liabilities | 390.3M | 362.12M | 372.61M | 347.26M | 333.31M | 385.43M | 336.53M | 270.5M | 375.2M | 369.25M | 386.38M | 388.07M | 370.74M | 367.29M | 369.3M | 371.6M | 374.79M | 368.9M | 407.27M | 435.23M |
| Long-Term Debt | 50.02M | 277.06M | 302.7M | 264.56M | 235.62M | 204.82M | 233.01M | 188.75M | 280.95M | 148.99M | 152.56M | 155.98M | 149.34M | 152.49M | 155.65M | 157.7M | 159.76M | 161.82M | 200.88M | 230.93M |
| Capital Lease Obligations | 0 | 53.4M | 38.99M | 41.34M | 42.23M | 42.34M | 40.92M | 38.23M | 34.38M | 33.23M | 39.81M | 42.13M | 31.6M | 25.92M | 27.4M | 26.91M | 27.5M | 22.61M | 21.23M | 23.43M |
| Deferred Tax Liabilities | 21.86M | 21.82M | 16.37M | 16.41M | 16.41M | 13.31M | 8.27M | 8.24M | 5.85M | 6.06M | 10.03M | 7.45M | 7.11M | 5.74M | 5.77M | 6.21M | 5.3M | 4.01M | 3.06M | 2.43M |
| Other Non-Current Liabilities | 318.42M | 9.84M | 14.83M | 24.95M | 39.06M | 124.96M | 54.33M | 35.28M | 54.02M | 180.96M | 183.98M | 182.51M | 182.69M | 183.13M | 180.49M | 180.78M | 182.22M | 180.46M | 182.11M | 178.44M |
| Total Liabilities | 507.93M | 530.12M | 526.96M | 494.02M | 455.09M | 544.09M | 464.77M | 402.21M | 500.7M | 495.53M | 521.21M | 512.66M | 473.07M | 478.73M | 472.71M | 472.89M | 474.48M | 516.59M | 521.92M | 542.46M |
| Total Debt | 78.36M | 359.03M | 369.63M | 331.42M | 300.64M | 281M | 306.61M | 265.78M | 346.27M | 210.34M | 221.86M | 226.54M | 206.77M | 202.12M | 203.69M | 205.05M | 207.86M | 205.77M | 240.74M | 271.16M |
| Net Debt | 68.32M | 347.8M | 362.89M | 320.94M | 270.37M | 268.06M | 293.56M | 248.88M | 336.79M | 187.1M | 198.68M | 203.24M | 129.97M | 112.29M | 110.13M | 106.64M | 114.06M | 59.03M | 224.73M | 230.97M |
| Debt / Equity | 0.18x | 0.80x | 0.81x | 0.66x | 0.56x | 0.63x | 0.57x | 0.49x | 0.83x | 0.65x | 0.70x | 0.72x | 0.67x | 0.65x | 0.64x | 0.65x | 0.66x | 0.65x | 1.65x | 1.95x |
| Debt / EBITDA | 11.93x | 38.28x | 16.14x | 11.96x | 110.57x | - | 14.96x | 26.94x | 218.06x | 37.69x | 20.08x | 28.84x | 67.33x | 35.99x | 27.11x | 23.18x | 30.66x | 14.19x | 12.83x | 45.70x |
| Net Debt / EBITDA | 10.40x | 37.09x | 15.85x | 11.58x | 99.44x | - | 14.32x | 25.23x | 212.08x | 33.53x | 17.98x | 25.87x | 42.32x | 19.99x | 14.66x | 12.06x | 16.83x | 4.07x | 11.98x | 38.93x |
| Interest Coverage | -1.11x | -0.62x | 3.99x | 5.06x | -2.26x | -4.56x | -1.22x | -0.90x | -2.89x | -1.30x | -1.97x | -2.74x | -7.66x | -7.51x | -3.23x | -3.56x | -4.74x | -0.01x | 2.82x | -0.97x |
| Total Equity | 440.09M | 451.18M | 458.72M | 504.06M | 537.07M | 446.26M | 542.12M | 541.7M | 417.4M | 321.25M | 314.9M | 313.01M | 310.11M | 313.19M | 316.4M | 314.85M | 315.76M | 316.5M | 145.7M | 139.06M |
| Equity Growth % | -18.06% | 1.1% | -15.38% | -6.95% | 28.67% | 38.91% | 72.16% | 73.06% | 34.6% | 2.58% | -0.47% | -0.59% | -1.79% | -1.05% | 117.16% | 126.41% | 147.19% | 130.78% | -50.05% | -45.4% |
| Book Value per Share | 12.21 | 12.85 | 11.49 | 11.60 | 15.57 | 13.01 | 15.83 | 16.26 | 13.74 | 10.63 | 10.45 | 10.42 | 10.39 | 10.54 | 10.66 | 10.61 | 10.65 | 10.73 | 5.56 | 5.34 |
| Total Shareholders' Equity | 440.09M | 451.18M | 458.72M | 504.06M | 537.07M | 446.26M | 542.12M | 541.7M | 417.4M | 321.25M | 314.9M | 313.01M | 310.11M | 313.19M | 316.4M | 314.85M | 315.76M | 316.5M | 145.7M | 139.06M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -286.2M | -273.51M | -265.3M | -273.67M | -292.03M | -272.67M | -244.45M | -233.88M | -223.71M | -210.36M | -208.91M | -201.39M | -194.22M | -179.5M | -168.69M | -162.97M | -155.21M | -147.68M | -146.21M | -148.43M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3.13M | -3.24M | -4.01M | -3.74M | -2.49M | -2.13M | -293K | -223K | -258K | -223K | -296K | -98K | 20K | 8K | 53K | 33K | 81K | 36K | 54K | 128K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |