Montrose Environmental Group, Inc. (MEG) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 168.52M | 193.27M | 224.89M | 234.54M | 177.83M | 189.06M | 178.69M | 173.32M | 155.32M | 165.74M | 167.94M | 159.1M | 131.43M | 139.51M | 130.31M | 139.91M | 134.68M | 143.79M | 132.58M | 136.22M |
| Revenue Growth % | -5.24% | 2.23% | 25.86% | 35.32% | 14.49% | 14.07% | 6.4% | 8.94% | 18.18% | 18.8% | 28.87% | 13.72% | -2.41% | -2.98% | -1.71% | 2.71% | 0.64% | 32.24% | 56.52% | 84.67% |
| Cost of Goods Sold | 101.47M | 130.6M | 136.28M | 132.8M | 108.41M | 111.95M | 105.6M | 104.09M | 96.56M | 101.92M | 102.16M | 98.2M | 81.63M | 90.83M | 82.23M | 90.43M | 88.39M | 96.37M | 85.24M | 92.1M |
| COGS % of Revenue | 60.21% | 67.57% | 60.6% | 56.62% | 60.96% | 59.22% | 59.1% | 60.05% | 62.16% | 61.49% | 60.83% | 61.72% | 62.11% | 65.11% | 63.11% | 64.63% | 65.63% | 67.02% | 64.3% | 67.61% |
| Gross Profit | 67.05M | 62.67M | 88.6M | 101.74M | 69.43M | 77.1M | 73.09M | 69.24M | 58.77M | 63.82M | 65.78M | 60.91M | 49.8M | 48.68M | 48.08M | 49.48M | 46.29M | 47.43M | 47.34M | 44.12M |
| Gross Margin % | 39.79% | 32.43% | 39.4% | 43.38% | 39.04% | 40.78% | 40.9% | 39.95% | 37.84% | 38.51% | 39.17% | 38.28% | 37.89% | 34.89% | 36.89% | 35.37% | 34.37% | 32.98% | 35.7% | 32.39% |
| Gross Profit Growth % | -3.43% | -18.72% | 21.22% | 46.94% | 18.14% | 20.81% | 11.11% | 13.68% | 18.02% | 31.1% | 36.82% | 23.09% | 7.56% | 2.64% | 1.57% | 12.15% | 20.24% | 34.11% | 43.98% | 58.27% |
| Operating Expenses | 61.32M | 65.19M | 78.67M | 86.8M | 80M | 99.95M | 74.25M | 71.89M | 68.83M | 72.73M | 69.22M | 67M | 59.77M | 56.97M | 54.42M | 55.23M | 53.93M | 46.8M | 41.97M | 50.22M |
| OpEx % of Revenue | 36.39% | 33.73% | 34.98% | 37.01% | 44.99% | 52.87% | 41.55% | 41.48% | 44.32% | 43.88% | 41.22% | 42.11% | 45.48% | 40.84% | 41.76% | 39.47% | 40.04% | 32.54% | 31.66% | 36.86% |
| Selling, General & Admin | 61.32M | 65.19M | 64.94M | 73.68M | 66.23M | 84.44M | 60.87M | 59.24M | 57.07M | 61.1M | 56.9M | 55.25M | 49.61M | 45.17M | 42.86M | 46.46M | 41.81M | 34.79M | 30.5M | 27.37M |
| SG&A % of Revenue | 36.39% | 33.73% | 28.88% | 31.42% | 37.24% | 44.67% | 34.06% | 34.18% | 36.74% | 36.86% | 33.88% | 34.72% | 37.75% | 32.38% | 32.89% | 33.2% | 31.04% | 24.2% | 23% | 20.09% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -6.06M | -2.52M | 9.94M | 14.94M | -10.57M | -22.84M | -1.16M | -2.65M | -10.06M | -8.91M | -3.44M | -6.09M | -9.97M | -8.29M | -6.34M | -5.75M | -7.64M | 633K | 5.37M | -6.09M |
| Operating Margin % | -3.6% | -1.3% | 4.42% | 6.37% | -5.95% | -12.08% | -0.65% | -1.53% | -6.48% | -5.38% | -2.05% | -3.83% | -7.59% | -5.94% | -4.87% | -4.11% | -5.67% | 0.44% | 4.05% | -4.47% |
| Operating Income Growth % | 42.67% | 88.96% | 955.9% | 663.6% | -5.07% | -156.36% | 66.26% | 56.49% | -0.9% | -7.49% | 45.74% | -6.06% | -30.63% | -1409.64% | -218.19% | 5.74% | 18.41% | -92.87% | 136.48% | -17.03% |
| EBITDA | 6.57M | 9.38M | 22.89M | 27.7M | 2.72M | -4.34M | 20.5M | 9.86M | 1.59M | 5.58M | 11.05M | 7.86M | 3.07M | 5.62M | 7.51M | 8.85M | 6.78M | 14.5M | 18.76M | 5.93M |
| EBITDA Margin % | 3.9% | 4.85% | 10.18% | 11.81% | 1.53% | -2.3% | 11.47% | 5.69% | 1.02% | 3.37% | 6.58% | 4.94% | 2.34% | 4.03% | 5.77% | 6.32% | 5.03% | 10.09% | 14.15% | 4.36% |
| EBITDA Growth % | 141.49% | 316.03% | 11.67% | 180.86% | 71.22% | -177.8% | 85.57% | 25.58% | -48.29% | -0.64% | 47.03% | -11.2% | -54.7% | -61.27% | -59.94% | 49.1% | 57.21% | -23.97% | 477.52% | 29.65% |
| D&A (Non-Cash Add-back) | 12.63M | 11.9M | 12.96M | 12.76M | 13.29M | 18.5M | 21.66M | 12.52M | 11.65M | 14.49M | 14.49M | 13.95M | 13.05M | 13.91M | 13.86M | 14.59M | 14.41M | 13.87M | 13.39M | 12.03M |
| EBIT | 0 | -2.8M | 20.9M | 24.11M | -11.42M | -20.27M | -5.06M | -3.58M | -9.56M | -2.98M | -4.11M | -5.15M | -11.81M | -9.22M | -4.53M | -5.4M | -5.17M | -4K | 4.85M | -6.61M |
| Net Interest Income | 5.47M | -4.5M | -5.24M | -4.77M | -5.07M | -4.44M | -4.14M | -3.98M | -3.31M | -2.29M | -2.09M | -1.88M | -1.54M | -1.23M | -1.4M | -1.52M | -1.09M | -407K | -1.72M | -6.8M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -5.47M | 4.5M | 5.24M | 4.77M | 5.07M | 4.44M | 4.14M | 3.98M | 3.31M | 2.29M | 2.09M | 1.88M | 1.54M | 1.23M | 1.4M | 1.52M | 1.09M | 407K | 1.72M | 6.8M |
| Other Income/Expense | -4.32M | -4.77M | 5.72M | 4.4M | -5.91M | -1.86M | -8.04M | -4.9M | -2.8M | 3.65M | -2.76M | -930K | -3.38M | -2.16M | 414K | -1.18M | 1.37M | -1.04M | -2.24M | -7.31M |
| Pretax Income | -10.39M | -7.29M | 15.66M | 19.34M | -16.49M | -24.71M | -9.2M | -7.55M | -12.86M | -5.26M | -6.2M | -7.02M | -13.35M | -10.45M | -5.93M | -6.92M | -6.27M | -411K | 3.13M | -13.4M |
| Pretax Margin % | -6.16% | -3.77% | 6.96% | 8.25% | -9.27% | -13.07% | -5.15% | -4.36% | -8.28% | -3.18% | -3.69% | -4.41% | -10.16% | -7.49% | -4.55% | -4.95% | -4.65% | -0.29% | 2.36% | -9.84% |
| Income Tax | 2.3M | 924K | 7.28M | 988K | 2.87M | 3.52M | 1.37M | 2.62M | 493K | -3.82M | 1.32M | 151K | 1.37M | 358K | -208K | 831K | 1.27M | 1.06M | 902K | -256K |
| Effective Tax Rate % | -22.17% | -12.67% | 46.5% | 5.11% | -17.41% | -14.23% | -14.88% | -34.68% | -3.83% | 72.62% | -21.35% | -2.15% | -10.24% | -3.42% | 3.51% | -12.01% | -20.25% | -258.15% | 28.84% | 1.91% |
| Net Income | -12.69M | -8.22M | 8.38M | 18.36M | -19.36M | -28.22M | -10.56M | -10.17M | -13.36M | -1.44M | -7.53M | -7.17M | -14.72M | -10.81M | -5.72M | -7.75M | -7.54M | -1.47M | 2.23M | -13.15M |
| Net Margin % | -7.53% | -4.25% | 3.73% | 7.83% | -10.89% | -14.93% | -5.91% | -5.87% | -8.6% | -0.87% | -4.48% | -4.51% | -11.2% | -7.75% | -4.39% | -5.54% | -5.6% | -1.02% | 1.68% | -9.65% |
| Net Income Growth % | 34.45% | 70.88% | 179.31% | 280.49% | -44.94% | -1858.57% | -40.39% | -41.76% | 9.25% | 86.67% | -31.56% | 7.44% | -95.32% | -634.51% | -356.96% | 41.05% | 41.72% | -281.28% | 107.24% | -199.43% |
| Net Income (Continuing) | -12.69M | -8.22M | 8.38M | 18.36M | -19.36M | -28.22M | -10.56M | -10.17M | -13.36M | -1.44M | -7.53M | -7.17M | -14.72M | -10.81M | -5.72M | -7.75M | -7.54M | -1.47M | 2.23M | -13.15M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.35 | -0.20 | 0.21 | 0.39 | -0.64 | -0.90 | -0.39 | -0.39 | -0.53 | -0.18 | -0.39 | -0.38 | -0.63 | -0.50 | -0.33 | -0.40 | -0.39 | -0.19 | -0.07 | -0.71 |
| EPS Growth % | 45.31% | 77.78% | 153.85% | 200% | -20.75% | -400% | 0% | -2.63% | 15.87% | 64% | -18.18% | 5% | -61.54% | -163.16% | -371.43% | 43.66% | 42.65% | -46.15% | 95.1% | -209.23% |
| EPS (Basic) | -0.35 | -0.23 | 0.24 | 0.48 | -0.64 | -0.90 | -0.39 | -0.39 | -0.53 | -0.18 | -0.39 | -0.38 | -0.63 | -0.50 | -0.33 | -0.40 | -0.39 | -0.19 | -0.07 | -0.71 |
| Diluted Shares Outstanding | 36.05M | 35.12M | 39.94M | 43.45M | 34.5M | 34.3M | 34.24M | 33.32M | 30.38M | 30.22M | 30.14M | 30.05M | 29.86M | 29.72M | 29.69M | 29.68M | 29.66M | 29.5M | 26.22M | 26.06M |
| Basic Shares Outstanding | 36.05M | 35.12M | 35.3M | 35.21M | 34.5M | 34.3M | 34.24M | 33.32M | 30.38M | 30.22M | 30.14M | 30.05M | 29.86M | 29.72M | 29.69M | 29.68M | 29.66M | 29.5M | 26.22M | 26.06M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 184.19% | - |