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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and Montrose Environmental Group, Inc. (MEG). Click either name above to swap in a different company.

Montrose Environmental Group, Inc. is the larger business by last-quarter revenue ($193.3M vs $156.4M, roughly 1.2× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs -4.3%, a 61.5% gap on every dollar of revenue.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

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.

FIGR vs MEG — Head-to-Head

Bigger by revenue
MEG
MEG
1.2× larger
MEG
$193.3M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
61.5% more per $
FIGR
57.3%
-4.3%
MEG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
MEG
MEG
Revenue
$156.4M
$193.3M
Net Profit
$89.6M
$-8.2M
Gross Margin
38.6%
Operating Margin
33.7%
-1.3%
Net Margin
57.3%
-4.3%
Revenue YoY
2.2%
Net Profit YoY
70.9%
EPS (diluted)
$0.34
$-0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIGR
FIGR
MEG
MEG
Q4 25
$193.3M
Q3 25
$156.4M
$224.9M
Q2 25
$234.5M
Q1 25
$177.8M
Q4 24
$189.1M
Q3 24
$178.7M
Q2 24
$173.3M
Q1 24
$155.3M
Net Profit
FIGR
FIGR
MEG
MEG
Q4 25
$-8.2M
Q3 25
$89.6M
$8.4M
Q2 25
$18.4M
Q1 25
$-19.4M
Q4 24
$-28.2M
Q3 24
$-10.6M
Q2 24
$-10.2M
Q1 24
$-13.4M
Gross Margin
FIGR
FIGR
MEG
MEG
Q4 25
38.6%
Q3 25
39.4%
Q2 25
43.4%
Q1 25
39.0%
Q4 24
40.8%
Q3 24
40.9%
Q2 24
39.9%
Q1 24
37.8%
Operating Margin
FIGR
FIGR
MEG
MEG
Q4 25
-1.3%
Q3 25
33.7%
4.4%
Q2 25
6.4%
Q1 25
-5.9%
Q4 24
-12.1%
Q3 24
-0.6%
Q2 24
-1.5%
Q1 24
-6.5%
Net Margin
FIGR
FIGR
MEG
MEG
Q4 25
-4.3%
Q3 25
57.3%
3.7%
Q2 25
7.8%
Q1 25
-10.9%
Q4 24
-14.9%
Q3 24
-5.9%
Q2 24
-5.9%
Q1 24
-8.6%
EPS (diluted)
FIGR
FIGR
MEG
MEG
Q4 25
$-0.13
Q3 25
$0.34
$0.21
Q2 25
$0.42
Q1 25
$-0.64
Q4 24
$-0.91
Q3 24
$-0.39
Q2 24
$-0.39
Q1 24
$-0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGR
FIGR
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$1.1B
$11.2M
Total DebtLower is stronger
$466.8M
$277.1M
Stockholders' EquityBook value
$1.2B
$451.2M
Total Assets
$2.2B
$981.3M
Debt / EquityLower = less leverage
0.40×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
MEG
MEG
Q4 25
$11.2M
Q3 25
$1.1B
$6.7M
Q2 25
$10.5M
Q1 25
$30.3M
Q4 24
$12.9M
Q3 24
$13.0M
Q2 24
$16.9M
Q1 24
$9.5M
Total Debt
FIGR
FIGR
MEG
MEG
Q4 25
$277.1M
Q3 25
$466.8M
$302.4M
Q2 25
$264.6M
Q1 25
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$188.7M
Q1 24
$280.9M
Stockholders' Equity
FIGR
FIGR
MEG
MEG
Q4 25
$451.2M
Q3 25
$1.2B
$458.7M
Q2 25
$470.3M
Q1 25
$444.1M
Q4 24
$446.3M
Q3 24
$449.2M
Q2 24
$448.8M
Q1 24
$324.5M
Total Assets
FIGR
FIGR
MEG
MEG
Q4 25
$981.3M
Q3 25
$2.2B
$985.7M
Q2 25
$998.1M
Q1 25
$992.2M
Q4 24
$990.4M
Q3 24
$1.0B
Q2 24
$943.9M
Q1 24
$918.1M
Debt / Equity
FIGR
FIGR
MEG
MEG
Q4 25
0.61×
Q3 25
0.40×
0.66×
Q2 25
0.56×
Q1 25
0.53×
Q4 24
0.46×
Q3 24
0.52×
Q2 24
0.42×
Q1 24
0.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGR
FIGR
MEG
MEG
Operating Cash FlowLast quarter
$49.3M
$51.9M
Free Cash FlowOCF − Capex
$46.5M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
MEG
MEG
Q4 25
$51.9M
Q3 25
$49.3M
$28.1M
Q2 25
$21.9M
Q1 25
$5.5M
Q4 24
$32.0M
Q3 24
$11.4M
Q2 24
$894.0K
Q1 24
$-22.0M
Free Cash Flow
FIGR
FIGR
MEG
MEG
Q4 25
$46.5M
Q3 25
$22.3M
Q2 25
$19.9M
Q1 25
$2.4M
Q4 24
$29.7M
Q3 24
$10.2M
Q2 24
$-9.8M
Q1 24
$-29.3M
FCF Margin
FIGR
FIGR
MEG
MEG
Q4 25
24.1%
Q3 25
9.9%
Q2 25
8.5%
Q1 25
1.3%
Q4 24
15.7%
Q3 24
5.7%
Q2 24
-5.6%
Q1 24
-18.9%
Capex Intensity
FIGR
FIGR
MEG
MEG
Q4 25
2.8%
Q3 25
2.6%
Q2 25
0.8%
Q1 25
1.8%
Q4 24
1.2%
Q3 24
0.6%
Q2 24
6.1%
Q1 24
4.7%
Cash Conversion
FIGR
FIGR
MEG
MEG
Q4 25
Q3 25
0.55×
3.36×
Q2 25
1.19×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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