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Montrose Environmental Group logo
Montrose Environmental Group MEG
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Quarterly report 2026-Q3
added 11-05-2026

Montrose Environmental Group Income Statement 2025-2011 | MEG

Brief overview of income trends at Montrose Environmental Group

The figures are compared over a five-year interval. Revenue at Montrose Environmental Group moved from 328 million dollars in 2020 to 831 million dollars in 2025. The five-year change reached +153%, while CAGR stood at 20.4%. Revenue growth reflects a pronounced phase of business expansion.

Gross profit changed from 113 million dollars to 334 million dollars (+196.5%). The relationship between sales and direct costs improved over the period. At the margin level, the figure shifted from 34.3% to 40.3%. The margin shift points to a more favorable sales-and-cost structure.

The operating result measured by EBITDA moved from $14.3 million to $62.6 million, or +339.2%. Additional revenue translated efficiently into EBITDA. Comparing the endpoints gives EBITDA margins of 4.3% and 7.5%. The increased EBITDA share is a positive sign.

Across the five years, the net result shifted from −$57.9 million to −$843 thousand. Losses became smaller, but the business remains unprofitable.

The five-year change in capitalization reached +39.3%: from 510 million dollars to 711 million dollars. Investors responded cautiously to the improvement in the business.

Financial takeaway

The indicators form a favorable picture of business development. The financial profile benefits from a larger revenue base, improving net profitability and positive operating leverage. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Montrose Environmental Group

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

711 M 649 M 1.26 B 1.08 B 1.88 B 510 M - 108 M - - - - - - -

Shares

35.1 M 33.1 M 30.1 M 29.7 M 26.7 M 16.5 M - 20.9 M - - - - - - -

Historical Prices

20.2 19.6 41.9 36.3 70.5 31 - - - - - - - - -

Net Income

-843 K -62.3 M -30.9 M -31.8 M -25.3 M -57.9 M -23.6 M -16.5 M - - - - - - -

Revenue

831 M 696 M 624 M 544 M 546 M 328 M 234 M 189 M - - - - - - -

Cost of Revenue

496 M 418 M 384 M 352 M 369 M 215 M 164 M 135 M - - - - - - -

Gross Profit

334 M 278 M 240 M 193 M 177 M 113 M 69.9 M 54.1 M - - - - - - -

Operating Income

11.7 M -36.7 M -28.4 M -28 M -9.46 M -23 M -8.94 M -10.6 M - - - - - - -

Interest Expense

19.1 M -1.74 M 4.37 M 3.68 M -2.55 M -20.3 M -11 M 265 K - - - - - - -

EBITDA

62.6 M 16 M 17.4 M 19.5 M 35.4 M 14.3 M 18.8 M 13.3 M - - - - - - -

Operating Expenses

323 M 315 M 269 M 221 M 187 M 136 M 78.8 M 64.7 M - - - - - - -

General and Administrative Expenses

271 M 262 M 223 M 176 M 118 M 85.5 M 50.7 M 38.6 M - - - - - - -

All numbers in USD currency

Quarterly Income Statement Montrose Environmental Group

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

35.1 M 35.8 M 36 M 117 K 35.3 M 35.2 M 34.5 M 414 K 34.2 M 33.3 M 30.4 M 42 M 30.1 M 30 M 29.9 M 11 M 29.7 M 29.7 M 29.7 M 926 K 26.2 M 26.1 M 25.1 M 2.81 M 21.6 M 10.6 M 8.9 M 8.37 M 8.72 M 8.65 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

8.99 M 1.37 M -12.7 M -8.22 M 8.38 M 17 M -22.1 M -31 M -13.3 M -12.9 M -16.2 M -5.54 M -11.6 M -11.3 M -18.8 M -14.9 M -9.82 M -7.75 M -7.54 M -17.9 M 2.23 M -13.1 M -12.9 M 812 K -30.7 M 13.2 M -41.2 M -11.3 M -6.68 M -322 K -5.24 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

203 M 187 M 169 M 193 M 225 M 235 M 178 M 189 M 179 M 173 M 155 M 166 M 168 M 159 M 131 M 140 M 130 M 140 M 135 M 144 M 133 M 136 M 134 M 109 M 84.7 M 73.8 M 61 M 67.9 M 57.6 M 57.4 M 51 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

115 M 104 M 101 M 119 M 136 M 133 M 108 M 112 M 106 M 104 M 96.6 M 102 M 102 M 98.2 M 81.6 M 90.8 M 82.2 M 90.4 M 88.4 M 96.4 M 85.2 M 92.1 M 95.3 M 73.4 M 51.8 M 45.9 M 44.4 M 47.7 M 39.8 M 39.3 M 37.1 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

88.3 M 82.3 M 67 M 74.6 M 88.6 M 102 M 69.4 M 77.1 M 73.1 M 69.2 M 58.8 M 63.8 M 65.8 M 60.9 M 49.8 M 48.7 M 48.1 M 49.5 M 46.3 M 47.4 M 47.3 M 44.1 M 38.5 M 35.4 M 32.9 M 27.9 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

12.3 M 6.45 M -6.06 M -2.58 M 9.94 M 14.9 M -10.6 M -22.8 M -1.16 M -2.65 M -10.1 M -8.91 M -3.44 M -6.09 M -9.98 M -8.29 M -6.34 M -5.74 M -7.64 M 633 K 5.37 M -6.1 M -9.36 M 8.88 M -14.7 M -5.21 M -12 M -3.62 M -2.5 M 375 K -3.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

-5.56 M -5.47 M -5.47 M -4.7 M -5.04 M -4.77 M -5.06 M -4.44 M -4.14 M -3.98 M -3.31 M -2.29 M -2.09 M -1.88 M -1.54 M -1.23 M -1.4 M -1.52 M -1.09 M -407 K -1.72 M -6.8 M -2.69 M -2.92 M -3.04 M -5.26 M -29.8 M -7.34 M -2.46 M -1.23 M 49 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

18.6 M 13.2 M 637 K 4.32 M 17.2 M 22.2 M -2.18 M -12.5 M 7.84 M 4.45 M -2.66 M -1.31 M 4.56 M 1.31 M -2.78 M 210 K 2.36 M 3.76 M 1.76 M 9.93 M 14.3 M 2.3 M -759 K 19.1 M -7.11 M 2.59 M -4.42 M 3.82 M 4.91 M 6.78 M 3.25 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

76 M 75.8 M 73.1 M 77.2 M 78.7 M 86.8 M 80 M 99.9 M 74.3 M 71.9 M 68.8 M 72.7 M 69.2 M 67 M 59.8 M 57 M 54.4 M 55.2 M 53.9 M 46.8 M 42 M 50.2 M 47.9 M 26.5 M 47.6 M 33.1 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

63.4 M 63 M 61.3 M 65.2 M 65.7 M 73.7 M 66.2 M 84.4 M 60.9 M 59.2 M 57.1 M 61.1 M 56.9 M 55.2 M 49.6 M 45.2 M 42.9 M 46.5 M 41.8 M 34.8 M 30.5 M 27.4 M 25 M 20.7 M 24.4 M 19.3 M 20.5 M 13.8 M 12.6 M 12.1 M 10.6 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Montrose Environmental Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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