Symbols / MEG Stock $21.15 +1.20% Montrose Environmental Group, Inc.

Industrials • Waste Management • United States • NYQ
MEG (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Waste Management
CEO Mr. Vijay Manthripragada
Exch · Country NYQ · United States
Market Cap 764.99M
Enterprise Value 1.11B
Income -4.99M
Sales 830.54M
FCF (ttm) 83.48M
Book/sh 12.56
Cash/sh 0.34
Employees 3,500
Insider 10d —
IPO Jul 23, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 12.96
PEG —
P/S 0.92
P/B 1.68
P/C —
EV/EBITDA 16.95
EV/Sales 1.33
Quick Ratio 1.35
Current Ratio 1.43
Debt/Eq 79.67
LT Debt/Eq —
EPS (ttm) -0.14
EPS next Y 1.63
EPS Growth —
Revenue Growth 2.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-25
ROA 0.92%
ROE -0.17%
ROIC —
Gross Margin 40.26%
Oper. Margin -1.29%
Profit Margin -0.10%
Shs Outstand 36.17M
Shs Float 33.35M
Insider Own 7.78%
Instit Own 96.76%
Short Float 6.77%
Short Ratio 8.76
Short Interest 2.26M
52W High 32.00
vs 52W High -33.91%
52W Low 14.39
vs 52W Low 46.98%
Beta 2.00
Impl. Vol. 3.13%
Rel Volume 1.75
Avg Volume 369.64K
Volume 647.25K
Target (mean) $35.00
Tgt Median $34.00
Tgt Low $31.00
Tgt High $40.00
# Analysts 6
Recom None
Prev Close $20.90
Price $21.15
Change 1.20%
About

Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Australia, Canada, and internationally. It operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The company offers 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. It also provides environmental testing and laboratory services, including source and ambient air testing and monitoring, leak detection, and advanced multi-media laboratory services, including air, soil, stormwater, wastewater and drinking water analysis; and engineering, design, and implementation services comprising treatment technologies which treat contaminated water or soil remediation. The company serves oil and gas, utilities, local, state, provincial and federal government entities, technical services, industrial manufacturing, transportation, chemicals, renewable energy generation, telecommunications, and engineering industries. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.00
Mean price target
2. Current target
$21.15
Latest analyst target
3. DCF / Fair value
$41.55
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.15
Low
$31.00
High
$40.00
Mean
$35.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main Evercore ISI Group Outperform → Outperform $37
2026-02-26 main Needham Buy → Buy $35
2025-11-07 main Barclays Overweight → Overweight $36
2025-11-06 main Needham Buy → Buy $32
2025-10-14 main JP Morgan Neutral → Neutral $33
2025-09-19 init Barclays — → Overweight $35
2025-08-08 main Needham Buy → Buy $31
2025-05-09 main Needham Buy → Buy $30
2025-04-04 main Needham Buy → Buy $28
2025-03-04 reit Needham Buy → Buy $39
2025-02-10 main Evercore ISI Group Outperform → Outperform $33
2025-01-28 reit Needham Buy → Buy $39
2025-01-17 reit Needham Buy → Buy $39
2024-12-19 main Needham Buy → Buy $39
2024-12-11 main Stifel Buy → Buy $38
2024-11-08 down JP Morgan Overweight → Neutral $29
2024-11-08 main Needham Buy → Buy $44
2024-11-06 down B of A Securities Buy → Neutral $29
2024-10-16 reit Needham Buy → Buy $54
2024-10-03 reit Needham Buy → Buy $54
News
RSS: Latest MEG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 MANTHRIPRAGADA VIJAY Chief Executive Officer — 46,121 $25.41 $1,171,935
2026-03-13 MANTHRIPRAGADA VIJAY Chief Executive Officer — 119,158 $6.03 $718,523
2026-03-13 PERLMAN RICHARD E Director — 74,461 $0.00 $0
2026-03-11 LAWS JAMES Chief Operating Officer — 18,761 $0.00 $0
2026-03-09 REVUELTA JOSE Officer — 7,858 $27.00 $212,166
2026-03-09 REVUELTA JOSE Officer — 7,858 $6.03 $47,384
2026-03-04 REVUELTA JOSE Officer — 102,668 $27.26 $2,865,930
2026-03-04 REVUELTA JOSE Officer — 102,668 $27.56 $2,855,930
2026-03-04 REVUELTA JOSE Officer — 102,668 $6.03 $619,088
2026-03-03 AFSARI NASYM KORLOO General Counsel — 43,548 $28.37 $1,235,696
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
830.54
+19.26%
696.39
+11.56%
624.21
+14.66%
544.42
Operating Revenue
830.54
+19.26%
696.39
+11.56%
624.21
+14.66%
544.42
Cost Of Revenue
496.19
+18.65%
418.19
+8.93%
383.90
+9.10%
351.88
Reconciled Cost Of Revenue
496.19
+18.65%
418.19
+8.93%
383.90
+9.10%
351.88
Gross Profit
334.35
+20.18%
278.20
+15.77%
240.31
+24.81%
192.53
Operating Expense
321.72
+2.33%
314.39
+17.03%
268.64
+20.05%
223.77
Selling General And Administration
270.81
+3.51%
261.63
+17.39%
222.86
+26.41%
176.29
General And Administrative Expense
—
—
—
176.29
Other Gand A
—
—
—
176.29
Total Expenses
817.91
+11.65%
732.58
+12.27%
652.54
+13.36%
575.66
Operating Income
12.62
+134.89%
-36.19
-27.71%
-28.34
+9.30%
-31.24
Total Operating Income As Reported
11.72
+131.93%
-36.72
-29.21%
-28.42
-1.45%
-28.01
EBITDA
81.70
+471.11%
14.31
-34.18%
21.73
-6.11%
23.15
Normalized EBITDA
82.60
+456.62%
14.84
-31.98%
21.82
+9.52%
19.92
Reconciled Depreciation
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
EBIT
30.79
+180.06%
-38.46
-59.93%
-24.05
+1.17%
-24.33
Total Unusual Items
-0.90
-68.54%
-0.53
-535.71%
-0.08
-102.60%
3.23
Total Unusual Items Excluding Goodwill
-0.90
-68.54%
-0.53
-535.71%
-0.08
-102.60%
3.23
Special Income Charges
-0.90
-68.54%
-0.53
-535.71%
-0.08
-102.60%
3.23
Restructuring And Mergern Acquisition
0.90
+68.54%
0.53
+535.71%
0.08
+102.60%
-3.23
Net Income
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Pretax Income
11.22
+120.66%
-54.32
-70.60%
-31.84
-7.68%
-29.57
Net Non Operating Interest Income Expense
-19.57
-23.36%
-15.86
-103.54%
-7.79
-48.75%
-5.24
Interest Expense Non Operating
19.57
+23.36%
15.86
+103.54%
7.79
+48.75%
5.24
Net Interest Income
-19.57
-23.36%
-15.86
-103.54%
-7.79
-48.75%
-5.24
Interest Expense
19.57
+23.36%
15.86
+103.54%
7.79
+48.75%
5.24
Other Income Expense
18.16
+900.48%
-2.27
-152.89%
4.29
-37.92%
6.91
Other Non Operating Income Expenses
19.06
+1198.73%
-1.74
-139.67%
4.37
+18.76%
3.68
Tax Provision
12.06
+50.88%
8.00
+915.92%
-0.98
-143.56%
2.25
Tax Rate For Calcs
0.00
+0.00%
0.00
+530.63%
0.00
-84.14%
0.00
Tax Effect Of Unusual Items
-0.19
-68.54%
-0.11
-3909.01%
-0.00
-100.41%
0.68
Net Income Including Noncontrolling Interests
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Net Income From Continuing Operation Net Minority Interest
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Net Income From Continuing And Discontinued Operation
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Net Income Continuous Operations
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Normalized Income
-0.13
+99.79%
-61.89
-101.09%
-30.78
+10.45%
-34.37
Net Income Common Stockholders
-4.99
+93.20%
-73.38
-55.27%
-47.26
+1.99%
-48.22
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
-0.14
+93.69%
-2.22
-41.40%
-1.57
+3.09%
-1.62
Basic EPS
-0.14
+93.69%
-2.22
-41.40%
-1.57
+3.09%
-1.62
Basic Average Shares
35.12
+6.23%
33.06
+9.99%
30.06
+1.25%
29.69
Diluted Average Shares
35.12
+6.23%
33.06
+9.99%
30.06
+1.25%
29.69
Diluted NI Availto Com Stockholders
-4.99
+93.20%
-73.38
-55.27%
-47.26
+1.99%
-48.22
Depreciation Amortization Depletion Income Statement
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
Depreciation And Amortization In Income Statement
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
Preferred Stock Dividends
4.15
-62.49%
11.06
-32.54%
16.40
+0.00%
16.40
Line Item Trend 2023-12-31
Total Assets
816.79
Current Assets
200.92
Cash Cash Equivalents And Short Term Investments
23.24
Cash And Cash Equivalents
23.24
Cash Financial
—
Receivables
164.02
Accounts Receivable
112.36
Gross Accounts Receivable
115.08
Allowance For Doubtful Accounts Receivable
-2.72
Other Receivables
51.63
Taxes Receivable
0.03
Inventory
3.82
Raw Materials
3.82
Prepaid Assets
9.85
Restricted Cash
—
Total Non Current Assets
615.86
Net PPE
102.33
Gross PPE
159.15
Accumulated Depreciation
-56.81
Properties
0.00
Land And Improvements
1.09
Buildings And Improvements
5.75
Machinery Furniture Equipment
21.31
Construction In Progress
3.96
Other Properties
116.24
Leases
10.81
Goodwill And Other Intangible Assets
505.26
Goodwill
364.45
Other Intangible Assets
140.81
Other Non Current Assets
8.27
Total Liabilities Net Minority Interest
495.53
Current Liabilities
126.29
Payables And Accrued Expenses
63.32
Payables
31.05
Accounts Payable
31.05
Current Accrued Expenses
32.27
Pensionand Other Post Retirement Benefit Plans Current
18.45
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
28.11
Current Debt
14.20
Other Current Borrowings
14.20
Current Capital Lease Obligation
13.92
Current Deferred Liabilities
8.13
Current Deferred Revenue
8.13
Other Current Liabilities
8.27
Total Non Current Liabilities Net Minority Interest
369.25
Long Term Debt And Capital Lease Obligation
182.22
Long Term Debt
148.99
Long Term Capital Lease Obligation
33.23
Non Current Deferred Liabilities
6.06
Non Current Deferred Taxes Liabilities
6.06
Other Non Current Liabilities
9.02
Preferred Securities Outside Stock Equity
152.93
Stockholders Equity
321.25
Common Stock Equity
321.25
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
152.93
Share Issued
30.19
Ordinary Shares Number
30.19
Treasury Shares Number
0.00
Additional Paid In Capital
531.83
Retained Earnings
-210.36
Gains Losses Not Affecting Retained Earnings
-0.22
Other Equity Adjustments
-0.22
Total Equity Gross Minority Interest
321.25
Total Capitalization
470.24
Working Capital
74.64
Invested Capital
484.44
Total Debt
210.34
Net Debt
139.94
Capital Lease Obligations
47.15
Net Tangible Assets
-184.01
Tangible Book Value
-184.01
Derivative Product Liabilities
19.02
Preferred Stock Equity
152.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
107.48
+383.36%
22.23
-60.31%
56.02
+171.31%
20.65
Cash Flow From Continuing Operating Activities
107.48
+383.36%
22.23
-60.31%
56.02
+171.31%
20.65
Net Income From Continuing Operations
-0.84
+98.65%
-62.31
-101.93%
-30.86
+3.02%
-31.82
Depreciation Amortization Depletion
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
Depreciation
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
Depreciation And Amortization
50.91
-3.50%
52.76
+15.25%
45.78
-3.58%
47.48
Other Non Cash Items
12.44
+0.92%
12.33
+28.62%
9.58
+167.76%
-14.14
Stock Based Compensation
42.72
-33.94%
64.67
+36.81%
47.27
+9.19%
43.29
Provisionand Write Offof Assets
6.71
+4697.95%
-0.15
-104.65%
3.14
+386.42%
-1.10
Asset Impairment Charge
0.91
0.00
0.00
—
Deferred Tax
9.90
+131.01%
4.29
+537.35%
-0.98
-143.56%
2.25
Deferred Income Tax
9.90
+131.01%
4.29
+537.35%
-0.98
-143.56%
2.25
Operating Gains Losses
—
—
—
—
Unrealized Gain Loss On Investment Securities
-18.25
-684.41%
3.12
+175.64%
-4.13
-21.58%
-3.40
Change In Working Capital
2.97
+105.67%
-52.47
-280.69%
-13.78
+40.11%
-23.01
Change In Receivables
-10.07
+76.01%
-41.98
-1336.09%
-2.92
-166.52%
4.39
Change In Prepaid Assets
-3.30
-254.84%
-0.93
-1.31%
-0.92
+47.93%
-1.76
Change In Payables And Accrued Expense
26.87
+1186.40%
2.09
+278.44%
0.55
+103.30%
-16.71
Change In Accrued Expense
18.52
+1183.97%
-1.71
-118.06%
9.46
+238.57%
-6.83
Change In Payable
8.35
+119.80%
3.80
+142.62%
-8.91
+9.78%
-9.88
Change In Account Payable
8.35
+119.80%
3.80
+142.62%
-8.91
+9.78%
-9.88
Change In Other Working Capital
-11.81
+1.81%
-12.03
-14.62%
-10.49
-17.44%
-8.94
Change In Other Current Assets
1.28
+238.89%
0.38
0.00
—
Investing Cash Flow
-15.84
+88.52%
-138.04
-35.84%
-101.62
-162.68%
-38.69
Cash Flow From Continuing Investing Activities
-15.84
+88.52%
-138.04
-35.84%
-101.62
-162.68%
-38.69
Net PPE Purchase And Sale
-15.61
+17.70%
-18.96
+32.36%
-28.03
-197.95%
-9.41
Purchase Of PPE
-16.32
+23.51%
-21.33
+27.88%
-29.58
-208.65%
-9.58
Sale Of PPE
0.71
-69.98%
2.37
+53.63%
1.54
+787.36%
0.17
Capital Expenditure
-17.01
+28.62%
-23.83
+27.62%
-32.93
-223.60%
-10.18
Capital Expenditure Reported
—
—
—
—
Net Investment Purchase And Sale
0.00
+100.00%
-0.21
+92.00%
-2.63
0.00
Net Business Purchase And Sale
0.00
+100.00%
-113.09
-70.86%
-66.19
-131.22%
-28.62
Purchase Of Business
0.00
+100.00%
-113.09
-70.86%
-66.19
-131.22%
-28.62
Net Intangibles Purchase And Sale
-0.69
+72.21%
-2.50
+25.39%
-3.35
-465.26%
-0.59
Purchase Of Intangibles
-0.69
+72.21%
-2.50
+25.39%
-3.35
-465.26%
-0.59
Net Other Investing Changes
0.46
+113.93%
-3.29
-130.67%
-1.43
-2275.00%
-0.06
Financing Cash Flow
-93.12
-187.85%
106.00
+627.11%
-20.11
+48.12%
-38.76
Cash Flow From Continuing Financing Activities
-93.12
-187.85%
106.00
+627.11%
-20.11
+48.12%
-38.76
Net Issuance Payments Of Debt
56.39
+4.53%
53.94
+936.16%
-6.45
+49.27%
-12.72
Issuance Of Debt
680.10
+50.09%
453.12
+4043.72%
10.94
0.00
Repayment Of Debt
-623.71
-56.25%
-399.18
-2195.96%
-17.39
-36.71%
-12.72
Long Term Debt Issuance
680.10
+50.09%
453.12
+4043.72%
10.94
0.00
Long Term Debt Payments
-623.71
-56.25%
-399.18
-2195.96%
-17.39
-36.71%
-12.72
Net Long Term Debt Issuance
56.39
+4.53%
53.94
+936.16%
-6.45
+49.27%
-12.72
Short Term Debt Issuance
—
—
0.00
0.00
Short Term Debt Payments
—
—
0.00
0.00
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
0.00
-100.00%
121.78
0.00
0.00
Cash Dividends Paid
-4.15
+62.49%
-11.06
+32.54%
-16.40
+0.00%
-16.40
Repurchase Of Capital Stock
-122.23
-103.73%
-60.00
0.00
0.00
Proceeds From Stock Option Exercised
1.07
-48.20%
2.06
-56.08%
4.69
+185.45%
1.64
Net Other Financing Charges
-24.19
-3302.25%
-0.71
+63.52%
-1.95
+82.74%
-11.29
Changes In Cash
-1.49
+84.83%
-9.81
+85.07%
-65.71
-15.69%
-56.80
Effect Of Exchange Rate Changes
-0.22
+54.93%
-0.50
+43.26%
-0.88
-689.19%
-0.11
Beginning Cash Position
12.94
-44.34%
23.24
-74.13%
89.83
-38.78%
146.74
End Cash Position
11.22
-13.24%
12.94
-44.34%
23.24
-74.13%
89.83
Free Cash Flow
90.46
+5757.54%
-1.60
-106.92%
23.09
+120.49%
10.47
Interest Paid Supplemental Data
17.88
+20.99%
14.78
+83.40%
8.06
+23.72%
6.51
Income Tax Paid Supplemental Data
5.50
+31.26%
4.19
+320.66%
1.00
+26.36%
0.79
Common Stock Issuance
0.00
-100.00%
121.78
0.00
0.00
Issuance Of Capital Stock
0.00
-100.00%
121.78
0.00
0.00
Net Preferred Stock Issuance
-122.23
-103.73%
-60.00
0.00
0.00
Preferred Stock Dividend Paid
-4.15
+62.49%
-11.06
+32.54%
-16.40
+0.00%
-16.40
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
-122.23
-103.73%
-60.00
0.00
0.00
Sale Of Business
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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