MEG Stock - Montrose Environmental Group, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $696.39M | $624.21M | $544.42M | $546.41M | $328.24M |
| Gross Profit | $278.20M | $240.31M | $192.53M | $177.38M | $112.75M |
| Gross Margin | 39.9% | 38.5% | 35.4% | 32.5% | 34.3% |
| Operating Income | $-36,721,000 | $-28,420,000 | $-28,013,000 | $-9,455,000 | $-23,011,000 |
| Net Income | $-62,314,000 | $-30,859,000 | $-31,819,000 | $-25,325,000 | $-57,949,000 |
| Net Margin | -8.9% | -4.9% | -5.8% | -4.6% | -17.7% |
| EPS | $-2.22 | $-1.57 | $-1.62 | $-1.56 | $-6.48 |
Montrose 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 19th 2025 | Barclays | Initiation | Overweight | $35 |
| April 4th 2025 | Needham | Reiterated | Buy | $28← $39 |
| December 19th 2024 | Needham | Reiterated | Buy | $39← $44 |
| November 8th 2024 | JP Morgan | Downgrade | Neutral | $29← $48 |
| November 6th 2024 | BofA Securities | Downgrade | Neutral | - |
| August 14th 2024 | Evercore ISI | Initiation | Outperform | $43 |
| February 5th 2024 | Stifel | Resumed | Buy | $36 |
| November 9th 2023 | JP Morgan | Upgrade | Overweight | $41← $46 |
| March 2nd 2023 | JP Morgan | Downgrade | Neutral | $39 |
| December 12th 2022 | BofA Securities | Upgrade | Buy | - |
| May 12th 2022 | JP Morgan | Upgrade | Overweight | $47 |
Earnings History & Surprises
MEGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.27 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.32 | $0.36 | +11.5% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.25 | $0.63 | +152.0% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $-0.12 | $0.07 | +158.3% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $-0.09 | $0.29 | +422.2% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.35 | $0.41 | +17.1% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.24 | $0.20 | -16.7% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.05 | $0.16 | +220.0% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $0.10 | $0.27 | +170.0% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $0.18 | $0.18 | 0.0% | = MET |
Q3 2023 | Aug 8, 2023 | $-0.29 | $-0.38 | -31.0% | ✗ MISS |
Q2 2023 | May 9, 2023 | $-0.36 | $-0.63 | -75.0% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $-0.24 | $-0.50 | -108.3% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $-0.20 | $-0.33 | -65.0% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-0.12 | $0.03 | +125.0% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $-0.11 | $-0.39 | -249.2% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-0.06 | $-0.19 | -230.4% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $0.07 | $0.04 | -42.9% | ✗ MISS |
Q3 2021 | Aug 10, 2021 | $0.09 | $-0.13 | -244.4% | ✗ MISS |
Latest News
Barclays Maintains Overweight on Montrose Environmental Gr, Raises Price Target to $36
📈 PositiveNeedham Maintains Buy on Montrose Environmental Gr, Raises Price Target to $32
📈 PositiveMontrose Environmental Group shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveMontrose Environmental Group shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveMontrose Environmental Gr Narrows FY2025 Sales Guidance from $795.000M-$835.000M to $810.000M-$830.000M vs $813.778M Est
➖ NeutralMontrose Environmental Gr Q3 Adj. EPS $0.36 Beats $0.07 Estimate, Sales $224.888M Beat $200.488M Estimate
📈 PositiveMontrose Environmental Secures Three-Year, $3M Contract With U.S. Department of Energy's Savannah River Site To Continue Providing Laboratory Testing Services
📈 PositiveJP Morgan Maintains Neutral on Montrose Environmental Gr, Raises Price Target to $33
➖ NeutralBarclays Initiates Coverage On Montrose Environmental Gr with Overweight Rating, Announces Price Target of $35
📈 PositiveShares of companies within the broader industrial sector are trading lower amid ongoing market uncertainty.
📉 NegativeFrequently Asked Questions about MEG
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