MEG - Montrose Environmental Group, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$49.33
DETAILS
HIGH:
$54.00
LOW:
$43.00
MEDIAN:
$51.00
CONSENSUS:
$49.33
UPSIDE:
215.41%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 830.5 | 696.4 | 624.2 | 544.4 | 546.4 | 328.2 | 233.9 | 188.8 |
| Cost of Revenue | 547.1 | 418.2 | 383.9 | 351.9 | 369.0 | 215.5 | 164.0 | 134.7 |
| Gross Profit | 283.4 | 278.2 | 240.3 | 192.5 | 177.4 | 112.8 | 69.9 | 54.1 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 269.0 | 261.6 | 222.9 | 176.3 | 117.7 | 85.5 | 50.7 | 41.0 |
| Other Expenses | 0 | 53.3 | 45.9 | 44.3 | 69.2 | 50.2 | 28.2 | 0.3 |
| Operating Expenses | 269.0 | 314.9 | 268.7 | 220.5 | 186.8 | 135.8 | 78.8 | 64.9 |
| Operating Income | ||||||||
| Operating Income | 14.4 | (36.7) | (28.4) | (28.0) | (9.5) | (23.0) | (19.9) | (10.6) |
| Interest Expense | 19.6 | 15.9 | 7.8 | 5.2 | 11.6 | 13.8 | 6.8 | 11.1 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 65.4 | 25.9 | 31.9 | 32.4 | 41.0 | (6.0) | 7.8 | 13.5 |
| EBIT | 14.4 | (38.5) | (24.0) | (24.3) | (12.0) | (43.3) | (19.9) | (10.4) |
| Income Before Tax | 11.2 | (54.3) | (31.8) | (29.6) | (23.6) | (57.1) | (26.7) | (21.5) |
| Income Tax Expense | 12.1 | 8.0 | (1.0) | 2.2 | 1.7 | 0.9 | (3.1) | (5.0) |
| Net Income | (0.8) | (62.3) | (30.9) | (31.8) | (25.3) | (57.9) | (23.6) | (16.5) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.14 | -2.22 | -1.57 | -1.62 | -1.56 | -6.48 | -0.94 | -0.79 |
| EPS (Diluted) | -0.14 | -2.22 | -1.57 | -1.62 | -1.56 | -6.48 | -0.94 | -0.79 |
| Shares Outstanding | 35.1 | 33.1 | 30.1 | 29.7 | 26.7 | 16.5 | 25.0 | 20.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 11.2 | 12.9 | 23.2 | 89.8 | 146.7 | 34.4 | 6.4 | 2.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 214.2 | 211.0 | 164.0 | 147.8 | 139.2 | 92.7 | 60.7 | 48.9 |
| Inventory | 2.6 | 2.8 | 3.8 | 3.6 | 2.4 | 2.5 | 2.4 | 0.7 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0.5 | 1.7 | 0.2 |
| Total Current Assets | 240.4 | 238.0 | 200.9 | 247.9 | 293.9 | 134.3 | 73.2 | 54.0 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 138.0 | 123.2 | 102.3 | 71.9 | 64.0 | 34.4 | 27.0 | 20.8 |
| Goodwill | 466.8 | 467.8 | 364.4 | 323.9 | 311.9 | 274.7 | 127.1 | 90.5 |
| Intangible Assets | 126.4 | 152.8 | 140.8 | 142.1 | 161.0 | 154.9 | 102.5 | 68.6 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Other Non-Current Assets | 9.7 | 8.6 | 8.3 | 6.1 | 2.3 | 4.5 | 2.0 | (5.6) |
| Total Non-Current Assets | 740.9 | 752.4 | 615.9 | 544.0 | 539.2 | 468.5 | 258.6 | 180.4 |
| Total Assets | 981.3 | 990.4 | 816.8 | 791.9 | 833.1 | 602.7 | 331.8 | 234.4 |
| Current Liabilities | ||||||||
| Account Payables | 34.8 | 33.4 | 31.1 | 25.4 | 24.2 | 15.5 | 15.0 | 8.7 |
| Short-Term Debt | 11.2 | 17.9 | 14.2 | 12.0 | 10.9 | 5.6 | 7.1 | 2.3 |
| Deferred Revenue | 15.0 | 9.3 | 8.1 | 18.5 | 27.9 | 6.1 | 3.3 | 2.4 |
| Other Current Liabilities | 47.1 | 46.1 | 26.7 | 17.2 | 46.8 | 56.9 | 29.4 | 23.2 |
| Total Current Liabilities | 168.0 | 158.7 | 126.3 | 111.4 | 147.7 | 111.5 | 73.3 | 42.4 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 277.1 | 204.8 | 149.0 | 152.5 | 161.8 | 170.3 | 145.0 | 71.0 |
| Deferred Tax Liabilities | 21.8 | 13.3 | 6.1 | 5.7 | 4.0 | 2.8 | 10.0 | 4.9 |
| Other Non-Current Liabilities | 9.8 | 125.0 | 181.0 | 183.1 | 180.5 | 180.9 | 7.5 | 4.9 |
| Total Non-Current Liabilities | 362.1 | 385.4 | 369.2 | 367.3 | 368.9 | 354.0 | 162.5 | 75.9 |
| Total Liabilities | 530.1 | 544.1 | 495.5 | 478.7 | 516.6 | 465.6 | 235.7 | 118.3 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (273.5) | (272.7) | (210.4) | (179.5) | (147.7) | (122.4) | (64.4) | (40.8) |
| Accumulated Other Comprehensive Income | (3.2) | (2.1) | (0.2) | 0.0 | 0.0 | 0.1 | (0.0) | 0 |
| Total Stockholders' Equity | 451.2 | 446.3 | 321.3 | 313.2 | 316.5 | 137.1 | 102.5 | 116.2 |
| Total Liabilities & Equity | 981.3 | 990.4 | 816.8 | 791.9 | 833.1 | 602.7 | 331.8 | 234.4 |
| Debt Metrics | ||||||||
| Total Debt | 359.0 | 281.0 | 210.3 | 202.1 | 205.8 | 175.9 | 152.2 | 73.2 |
| Net Debt | 347.8 | 268.1 | 187.1 | 112.3 | 59.0 | 141.5 | 145.8 | 70.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (0.8) | (62.3) | (30.9) | (31.8) | (25.3) | (57.9) | (23.6) | (16.5) |
| Depreciation & Amortization | 50.9 | 64.3 | 56.0 | 56.8 | 53.0 | 37.3 | 27.7 | 23.9 |
| Stock-Based Compensation | 42.7 | 64.7 | 47.3 | 43.3 | 10.3 | 4.8 | 4.3 | 5.8 |
| Change in Working Capital | 3.0 | (52.5) | (13.8) | (23.0) | (18.0) | (16.7) | (2.3) | (11.9) |
| Other Non-Cash Items | 1.8 | 3.7 | (1.6) | (26.8) | 15.9 | 33.5 | 14.0 | 0.8 |
| Operating Cash Flow | 107.5 | 22.2 | 56.0 | 20.6 | 37.6 | 1.9 | 17.0 | (2.8) |
| Investing Activities | ||||||||
| Capital Expenditure | (16.3) | (21.3) | (32.9) | (10.0) | (7.6) | (7.8) | (4.7) | (4.1) |
| Acquisitions | 0.7 | (113.1) | (66.2) | (28.6) | (55.7) | (172.0) | (81.4) | (45.8) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.5 | (3.6) | (5.9) | (0.1) | (9.0) | 0.0 | (0.9) | (0.3) |
| Investing Cash Flow | (15.8) | (138.0) | (101.6) | (38.7) | (71.6) | (179.7) | (87.0) | (50.3) |
| Financing Activities | ||||||||
| Net Debt Issuance | 56.4 | 53.9 | (6.5) | (12.7) | (1.6) | 24.4 | 73.9 | (29.2) |
| Stock Repurchased | (122.2) | 0 | 0 | 0 | 0 | (131.8) | 0 | (2.7) |
| Dividends Paid | (4.2) | (11.1) | (16.4) | (16.4) | (16.4) | (7.0) | 0 | 0 |
| Other Financing Activities | (21.8) | 1.3 | 2.7 | (11.1) | (5.7) | (10.9) | 0.5 | 82.8 |
| Financing Cash Flow | (93.1) | 106.0 | (20.1) | (38.8) | 146.1 | 205.9 | 74.5 | 50.9 |
| Cash Position | ||||||||
| Net Change in Cash | (1.7) | (10.3) | (66.6) | (56.9) | 111.9 | 28.0 | 4.4 | (2.3) |
| Cash at Beginning | 12.9 | 23.2 | 89.8 | 146.7 | 34.9 | 6.9 | 2.5 | 4.8 |
| Cash at End | 11.2 | 12.9 | 23.2 | 89.8 | 146.7 | 34.9 | 6.9 | 2.5 |
| Free Cash Flow | 91.2 | 0.9 | 23.1 | 10.6 | 30.0 | (5.9) | 12.3 | (7.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 830.5 | 696.4 | 624.2 | 544.4 | 546.4 | 328.2 | 233.9 | 188.8 |
| Gross Profit | 283.4 | 278.2 | 240.3 | 192.5 | 177.4 | 112.8 | 69.9 | 54.1 |
| Operating Income | 14.4 | (36.7) | (28.4) | (28.0) | (9.5) | (23.0) | (19.9) | (10.6) |
| Net Income | (0.8) | (62.3) | (30.9) | (31.8) | (25.3) | (57.9) | (23.6) | (16.5) |
| EPS (Diluted) | -0.14 | -2.22 | -1.57 | -1.62 | -1.56 | -6.48 | -0.94 | -0.79 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 11.2 | 12.9 | 23.2 | 89.8 | 146.7 | 34.4 | 6.4 | 2.5 |
| Total Assets | 981.3 | 990.4 | 816.8 | 791.9 | 833.1 | 602.7 | 331.8 | 234.4 |
| Total Debt | 359.0 | 281.0 | 210.3 | 202.1 | 205.8 | 175.9 | 152.2 | 73.2 |
| Stockholders' Equity | 451.2 | 446.3 | 321.3 | 313.2 | 316.5 | 137.1 | 102.5 | 116.2 |
| Cash Flow | ||||||||
| Operating Cash Flow | 107.5 | 22.2 | 56.0 | 20.6 | 37.6 | 1.9 | 17.0 | (2.8) |
| Capital Expenditure | (16.3) | (21.3) | (32.9) | (10.0) | (7.6) | (7.8) | (4.7) | (4.1) |
| Free Cash Flow | 91.2 | 0.9 | 23.1 | 10.6 | 30.0 | (5.9) | 12.3 | (7.0) |