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

SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $193.3M, roughly 1.1× Montrose Environmental Group, Inc.). SunOpta Inc. runs the higher net margin — 0.4% vs -4.3%, a 4.6% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 2.2%). Montrose Environmental Group, Inc. produced more free cash flow last quarter ($46.5M vs $12.1M). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% CAGR vs 7.4%).

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.

SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.

MEG vs STKL — Head-to-Head

Bigger by revenue
STKL
STKL
1.1× larger
STKL
$205.4M
$193.3M
MEG
Growing faster (revenue YoY)
STKL
STKL
+14.3% gap
STKL
16.6%
2.2%
MEG
Higher net margin
STKL
STKL
4.6% more per $
STKL
0.4%
-4.3%
MEG
More free cash flow
MEG
MEG
$34.5M more FCF
MEG
$46.5M
$12.1M
STKL
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
7.4%
STKL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MEG
MEG
STKL
STKL
Revenue
$193.3M
$205.4M
Net Profit
$-8.2M
$816.0K
Gross Margin
38.6%
12.4%
Operating Margin
-1.3%
3.3%
Net Margin
-4.3%
0.4%
Revenue YoY
2.2%
16.6%
Net Profit YoY
70.9%
113.1%
EPS (diluted)
$-0.13
$0.01

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
MEG
MEG
STKL
STKL
Q4 25
$193.3M
Q3 25
$224.9M
$205.4M
Q2 25
$234.5M
$191.5M
Q1 25
$177.8M
$201.6M
Q4 24
$189.1M
$193.9M
Q3 24
$178.7M
$175.9M
Q2 24
$173.3M
$169.5M
Q1 24
$155.3M
$184.4M
Net Profit
MEG
MEG
STKL
STKL
Q4 25
$-8.2M
Q3 25
$8.4M
$816.0K
Q2 25
$18.4M
$4.4M
Q1 25
$-19.4M
$4.8M
Q4 24
$-28.2M
$-8.7M
Q3 24
$-10.6M
$-6.2M
Q2 24
$-10.2M
$-5.3M
Q1 24
$-13.4M
$2.9M
Gross Margin
MEG
MEG
STKL
STKL
Q4 25
38.6%
Q3 25
39.4%
12.4%
Q2 25
43.4%
14.8%
Q1 25
39.0%
15.0%
Q4 24
40.8%
10.9%
Q3 24
40.9%
13.0%
Q2 24
39.9%
12.5%
Q1 24
37.8%
16.8%
Operating Margin
MEG
MEG
STKL
STKL
Q4 25
-1.3%
Q3 25
4.4%
3.3%
Q2 25
6.4%
5.5%
Q1 25
-5.9%
5.2%
Q4 24
-12.1%
1.4%
Q3 24
-0.6%
0.5%
Q2 24
-1.5%
1.2%
Q1 24
-6.5%
5.5%
Net Margin
MEG
MEG
STKL
STKL
Q4 25
-4.3%
Q3 25
3.7%
0.4%
Q2 25
7.8%
2.3%
Q1 25
-10.9%
2.4%
Q4 24
-14.9%
-4.5%
Q3 24
-5.9%
-3.5%
Q2 24
-5.9%
-3.1%
Q1 24
-8.6%
1.6%
EPS (diluted)
MEG
MEG
STKL
STKL
Q4 25
$-0.13
Q3 25
$0.21
$0.01
Q2 25
$0.42
$0.03
Q1 25
$-0.64
$0.04
Q4 24
$-0.91
$-0.08
Q3 24
$-0.39
$-0.05
Q2 24
$-0.39
$-0.04
Q1 24
$-0.53
$0.02

Balance Sheet & Financial Strength

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

Metric
MEG
MEG
STKL
STKL
Cash + ST InvestmentsLiquidity on hand
$11.2M
$2.2M
Total DebtLower is stronger
$277.1M
$250.8M
Stockholders' EquityBook value
$451.2M
$162.8M
Total Assets
$981.3M
$694.1M
Debt / EquityLower = less leverage
0.61×
1.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEG
MEG
STKL
STKL
Q4 25
$11.2M
Q3 25
$6.7M
$2.2M
Q2 25
$10.5M
$2.2M
Q1 25
$30.3M
$2.3M
Q4 24
$12.9M
$1.6M
Q3 24
$13.0M
$2.9M
Q2 24
$16.9M
$3.2M
Q1 24
$9.5M
$1.5M
Total Debt
MEG
MEG
STKL
STKL
Q4 25
$277.1M
Q3 25
$302.4M
$250.8M
Q2 25
$264.6M
$263.3M
Q1 25
$235.6M
$260.6M
Q4 24
$204.8M
$265.2M
Q3 24
$233.0M
$289.9M
Q2 24
$188.7M
$303.1M
Q1 24
$280.9M
$258.8M
Stockholders' Equity
MEG
MEG
STKL
STKL
Q4 25
$451.2M
Q3 25
$458.7M
$162.8M
Q2 25
$470.3M
$159.8M
Q1 25
$444.1M
$154.8M
Q4 24
$446.3M
$148.6M
Q3 24
$449.2M
$155.0M
Q2 24
$448.8M
$158.8M
Q1 24
$324.5M
$163.6M
Total Assets
MEG
MEG
STKL
STKL
Q4 25
$981.3M
Q3 25
$985.7M
$694.1M
Q2 25
$998.1M
$704.9M
Q1 25
$992.2M
$690.7M
Q4 24
$990.4M
$668.5M
Q3 24
$1.0B
$699.3M
Q2 24
$943.9M
$704.7M
Q1 24
$918.1M
$671.8M
Debt / Equity
MEG
MEG
STKL
STKL
Q4 25
0.61×
Q3 25
0.66×
1.54×
Q2 25
0.56×
1.65×
Q1 25
0.53×
1.68×
Q4 24
0.46×
1.78×
Q3 24
0.52×
1.87×
Q2 24
0.42×
1.91×
Q1 24
0.87×
1.58×

Cash Flow & Capital Efficiency

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

Metric
MEG
MEG
STKL
STKL
Operating Cash FlowLast quarter
$51.9M
$16.3M
Free Cash FlowOCF − Capex
$46.5M
$12.1M
FCF MarginFCF / Revenue
24.1%
5.9%
Capex IntensityCapex / Revenue
2.8%
2.1%
Cash ConversionOCF / Net Profit
20.03×
TTM Free Cash FlowTrailing 4 quarters
$91.2M
$36.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEG
MEG
STKL
STKL
Q4 25
$51.9M
Q3 25
$28.1M
$16.3M
Q2 25
$21.9M
$-4.5M
Q1 25
$5.5M
$22.3M
Q4 24
$32.0M
$33.1M
Q3 24
$11.4M
$17.2M
Q2 24
$894.0K
$-5.6M
Q1 24
$-22.0M
$5.3M
Free Cash Flow
MEG
MEG
STKL
STKL
Q4 25
$46.5M
Q3 25
$22.3M
$12.1M
Q2 25
$19.9M
$-9.2M
Q1 25
$2.4M
$9.5M
Q4 24
$29.7M
$24.0M
Q3 24
$10.2M
$11.7M
Q2 24
$-9.8M
$-15.3M
Q1 24
$-29.3M
$-2.3M
FCF Margin
MEG
MEG
STKL
STKL
Q4 25
24.1%
Q3 25
9.9%
5.9%
Q2 25
8.5%
-4.8%
Q1 25
1.3%
4.7%
Q4 24
15.7%
12.4%
Q3 24
5.7%
6.6%
Q2 24
-5.6%
-9.0%
Q1 24
-18.9%
-1.2%
Capex Intensity
MEG
MEG
STKL
STKL
Q4 25
2.8%
Q3 25
2.6%
2.1%
Q2 25
0.8%
2.5%
Q1 25
1.8%
6.3%
Q4 24
1.2%
4.7%
Q3 24
0.6%
3.2%
Q2 24
6.1%
5.7%
Q1 24
4.7%
4.1%
Cash Conversion
MEG
MEG
STKL
STKL
Q4 25
Q3 25
3.36×
20.03×
Q2 25
1.19×
-1.03×
Q1 25
4.63×
Q4 24
Q3 24
Q2 24
Q1 24
1.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MEG
MEG

Segment breakdown not available.

STKL
STKL

Beverages And Broths$161.4M79%
Fruit Snacks$40.9M20%
Ingredients$3.1M2%

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