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Montrose Environmental Group (MEG)
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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 | - | - | - | - | - | - | - |
Annual performance
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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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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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.