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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) 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 $115.5M, roughly 1.7× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -4.3%, a 21.6% gap on every dollar of revenue.

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.

INR vs MEG — Head-to-Head

Bigger by revenue
MEG
MEG
1.7× larger
MEG
$193.3M
$115.5M
INR
Higher net margin
INR
INR
21.6% more per $
INR
17.3%
-4.3%
MEG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
MEG
MEG
Revenue
$115.5M
$193.3M
Net Profit
$20.0M
$-8.2M
Gross Margin
38.6%
Operating Margin
47.0%
-1.3%
Net Margin
17.3%
-4.3%
Revenue YoY
2.2%
Net Profit YoY
70.9%
EPS (diluted)
$1.33
$-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
INR
INR
MEG
MEG
Q4 25
$115.5M
$193.3M
Q3 25
$78.3M
$224.9M
Q2 25
$72.5M
$234.5M
Q1 25
$84.2M
$177.8M
Q4 24
$189.1M
Q3 24
$178.7M
Q2 24
$173.3M
Q1 24
$155.3M
Net Profit
INR
INR
MEG
MEG
Q4 25
$20.0M
$-8.2M
Q3 25
$10.4M
$8.4M
Q2 25
$18.0M
$18.4M
Q1 25
$-34.6M
$-19.4M
Q4 24
$-28.2M
Q3 24
$-10.6M
Q2 24
$-10.2M
Q1 24
$-13.4M
Gross Margin
INR
INR
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
INR
INR
MEG
MEG
Q4 25
47.0%
-1.3%
Q3 25
30.5%
4.4%
Q2 25
29.9%
6.4%
Q1 25
-104.5%
-5.9%
Q4 24
-12.1%
Q3 24
-0.6%
Q2 24
-1.5%
Q1 24
-6.5%
Net Margin
INR
INR
MEG
MEG
Q4 25
17.3%
-4.3%
Q3 25
13.3%
3.7%
Q2 25
24.8%
7.8%
Q1 25
-41.1%
-10.9%
Q4 24
-14.9%
Q3 24
-5.9%
Q2 24
-5.9%
Q1 24
-8.6%
EPS (diluted)
INR
INR
MEG
MEG
Q4 25
$1.33
$-0.13
Q3 25
$0.65
$0.21
Q2 25
$1.18
$0.42
Q1 25
$-2.27
$-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
INR
INR
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$2.8M
$11.2M
Total DebtLower is stronger
$55.0K
$277.1M
Stockholders' EquityBook value
$307.1M
$451.2M
Total Assets
$1.2B
$981.3M
Debt / EquityLower = less leverage
0.00×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
MEG
MEG
Q4 25
$2.8M
$11.2M
Q3 25
$4.6M
$6.7M
Q2 25
$6.3M
$10.5M
Q1 25
$4.9M
$30.3M
Q4 24
$12.9M
Q3 24
$13.0M
Q2 24
$16.9M
Q1 24
$9.5M
Total Debt
INR
INR
MEG
MEG
Q4 25
$55.0K
$277.1M
Q3 25
$302.4M
Q2 25
$264.6M
Q1 25
$123.0K
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$188.7M
Q1 24
$280.9M
Stockholders' Equity
INR
INR
MEG
MEG
Q4 25
$307.1M
$451.2M
Q3 25
$288.6M
$458.7M
Q2 25
$10.1M
$470.3M
Q1 25
$-52.2M
$444.1M
Q4 24
$446.3M
Q3 24
$449.2M
Q2 24
$448.8M
Q1 24
$324.5M
Total Assets
INR
INR
MEG
MEG
Q4 25
$1.2B
$981.3M
Q3 25
$1.1B
$985.7M
Q2 25
$1.0B
$998.1M
Q1 25
$953.9M
$992.2M
Q4 24
$990.4M
Q3 24
$1.0B
Q2 24
$943.9M
Q1 24
$918.1M
Debt / Equity
INR
INR
MEG
MEG
Q4 25
0.00×
0.61×
Q3 25
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
INR
INR
MEG
MEG
Operating Cash FlowLast quarter
$75.1M
$51.9M
Free Cash FlowOCF − Capex
$46.5M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
MEG
MEG
Q4 25
$75.1M
$51.9M
Q3 25
$42.1M
$28.1M
Q2 25
$70.4M
$21.9M
Q1 25
$74.2M
$5.5M
Q4 24
$32.0M
Q3 24
$11.4M
Q2 24
$894.0K
Q1 24
$-22.0M
Free Cash Flow
INR
INR
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
INR
INR
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
INR
INR
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
INR
INR
MEG
MEG
Q4 25
3.75×
Q3 25
4.04×
3.36×
Q2 25
3.91×
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.

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

MEG
MEG

Segment breakdown not available.

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