Montrose Environmental Group, Inc.MEGEarnings & Financial Report
Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.
Revenue
$178.7M
Gross Profit
$73.1M
Operating Profit
$-1.2M
Net Profit
$-10.6M
Gross Margin
40.9%
Operating Margin
-0.6%
Net Margin
-5.9%
YoY Growth
6.4%
EPS
$-0.39
Financial Flow
Montrose Environmental Group, Inc. Q3 2024 Financial Summary
Montrose Environmental Group, Inc. reported revenue of $178.7M (up 6.4% YoY) for Q3 2024, with a net profit of $-10.6M (down 40.4% YoY) (-5.9% margin). Cost of goods sold was $105.6M, operating expenses totaled $74.3M.
Key Financial Metrics
| Total Revenue | $178.7M |
|---|---|
| Net Profit | $-10.6M |
| Gross Margin | 40.9% |
| Operating Margin | -0.6% |
| Report Period | Q3 2024 |
Revenue Breakdown
Montrose Environmental Group, Inc. Q3 2024 revenue of $178.7M breaks down across 6 segments, led by Remediation And Reuse at $68.1M (38.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Remediation And Reuse | $68.1M | 38.1% |
| Assessment Permitting And Response | $52.0M | 29.1% |
| CA | $31.6M | 17.7% |
| Two Thousand Twenty Four Acquisitions | $15.0M | 8.4% |
| Other International | $7.5M | 4.2% |
| Acquisition Proforma | $2.6M | 1.5% |
Montrose Environmental Group, Inc. Annual Revenue by Year
Montrose Environmental Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $830.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $830.5M |
| 2024 | $696.4M |
| 2023 | $624.2M |
| 2022 | $544.4M |
Montrose Environmental Group, Inc. Quarterly Revenue & Net Profit History
Montrose Environmental Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $193.3M | +2.2% | $-8.2M | -4.3% |
| Q3 2025 | $224.9M | +25.9% | $8.4M | 3.7% |
| Q2 2025 | $234.5M | +35.3% | $18.4M | 7.8% |
| Q1 2025 | $177.8M | +14.5% | $-19.4M | -10.9% |
| Q4 2024 | $189.1M | +14.1% | $-28.2M | -14.9% |
| Q3 2024 | $178.7M | +6.4% | $-10.6M | -5.9% |
| Q2 2024 | $173.3M | +8.9% | $-10.2M | -5.9% |
| Q1 2024 | $155.3M | +18.2% | $-13.4M | -8.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $155.3M | $173.3M | $178.7M | $189.1M | $177.8M | $234.5M | $224.9M | $193.3M |
| YoY Growth | 18.2% | 8.9% | 6.4% | 14.1% | 14.5% | 35.3% | 25.9% | 2.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $918.1M | $943.9M | $1.01B | $990.4M | $992.2M | $998.1M | $985.7M | $981.3M |
| Liabilities | $500.7M | $402.2M | $464.8M | $451.2M | $455.1M | $494.0M | $527.0M | $530.1M |
| Equity | $324.5M | $448.8M | $449.2M | $446.3M | $444.1M | $470.3M | $458.7M | $451.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-22.0M | $894000 | $11.4M | $32.0M | $5.5M | $21.9M | $28.1M | $51.9M |