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Side-by-side financial comparison of Montrose Environmental Group, Inc. (MEG) and Via Renewables, Inc. (VIASP). 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 $127.8M, roughly 1.5× Via Renewables, Inc.). Via Renewables, Inc. runs the higher net margin — 5.4% vs -4.3%, a 9.6% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs 2.2%). Montrose Environmental Group, Inc. produced more free cash flow last quarter ($46.5M vs $-4.8M). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% CAGR vs 5.9%).

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.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

MEG vs VIASP — Head-to-Head

Bigger by revenue
MEG
MEG
1.5× larger
MEG
$193.3M
$127.8M
VIASP
Growing faster (revenue YoY)
VIASP
VIASP
+20.3% gap
VIASP
22.5%
2.2%
MEG
Higher net margin
VIASP
VIASP
9.6% more per $
VIASP
5.4%
-4.3%
MEG
More free cash flow
MEG
MEG
$51.3M more FCF
MEG
$46.5M
$-4.8M
VIASP
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
5.9%
VIASP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEG
MEG
VIASP
VIASP
Revenue
$193.3M
$127.8M
Net Profit
$-8.2M
$6.9M
Gross Margin
38.6%
34.4%
Operating Margin
-1.3%
15.2%
Net Margin
-4.3%
5.4%
Revenue YoY
2.2%
22.5%
Net Profit YoY
70.9%
-30.9%
EPS (diluted)
$-0.13
$1.19

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
VIASP
VIASP
Q4 25
$193.3M
$127.8M
Q3 25
$224.9M
$103.3M
Q2 25
$234.5M
$90.0M
Q1 25
$177.8M
$142.3M
Q4 24
$189.1M
$104.3M
Q3 24
$178.7M
$93.8M
Q2 24
$173.3M
$86.7M
Q1 24
$155.3M
$114.1M
Net Profit
MEG
MEG
VIASP
VIASP
Q4 25
$-8.2M
$6.9M
Q3 25
$8.4M
$757.0K
Q2 25
$18.4M
$2.7M
Q1 25
$-19.4M
$8.8M
Q4 24
$-28.2M
$9.9M
Q3 24
$-10.6M
$2.1M
Q2 24
$-10.2M
$7.6M
Q1 24
$-13.4M
$8.6M
Gross Margin
MEG
MEG
VIASP
VIASP
Q4 25
38.6%
34.4%
Q3 25
39.4%
23.1%
Q2 25
43.4%
30.0%
Q1 25
39.0%
32.9%
Q4 24
40.8%
51.9%
Q3 24
40.9%
26.8%
Q2 24
39.9%
50.4%
Q1 24
37.8%
39.5%
Operating Margin
MEG
MEG
VIASP
VIASP
Q4 25
-1.3%
15.2%
Q3 25
4.4%
3.1%
Q2 25
6.4%
6.7%
Q1 25
-5.9%
17.5%
Q4 24
-12.1%
31.5%
Q3 24
-0.6%
5.3%
Q2 24
-1.5%
23.8%
Q1 24
-6.5%
22.6%
Net Margin
MEG
MEG
VIASP
VIASP
Q4 25
-4.3%
5.4%
Q3 25
3.7%
0.7%
Q2 25
7.8%
3.0%
Q1 25
-10.9%
6.2%
Q4 24
-14.9%
9.5%
Q3 24
-5.9%
2.3%
Q2 24
-5.9%
8.8%
Q1 24
-8.6%
7.5%
EPS (diluted)
MEG
MEG
VIASP
VIASP
Q4 25
$-0.13
$1.19
Q3 25
$0.21
$-0.41
Q2 25
$0.42
$0.09
Q1 25
$-0.64
$1.83
Q4 24
$-0.91
$2.33
Q3 24
$-0.39
$-0.17
Q2 24
$-0.39
$1.51
Q1 24
$-0.53
$1.81

Balance Sheet & Financial Strength

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

Metric
MEG
MEG
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$11.2M
$41.8M
Total DebtLower is stronger
$277.1M
$120.0M
Stockholders' EquityBook value
$451.2M
$67.7M
Total Assets
$981.3M
$331.3M
Debt / EquityLower = less leverage
0.61×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEG
MEG
VIASP
VIASP
Q4 25
$11.2M
$41.8M
Q3 25
$6.7M
$53.6M
Q2 25
$10.5M
$62.1M
Q1 25
$30.3M
$64.7M
Q4 24
$12.9M
$53.1M
Q3 24
$13.0M
$66.6M
Q2 24
$16.9M
$53.6M
Q1 24
$9.5M
$50.4M
Total Debt
MEG
MEG
VIASP
VIASP
Q4 25
$277.1M
$120.0M
Q3 25
$302.4M
$105.0M
Q2 25
$264.6M
$100.0M
Q1 25
$235.6M
$101.0M
Q4 24
$204.8M
$106.0M
Q3 24
$233.0M
$89.0M
Q2 24
$188.7M
$93.0M
Q1 24
$280.9M
$91.0M
Stockholders' Equity
MEG
MEG
VIASP
VIASP
Q4 25
$451.2M
$67.7M
Q3 25
$458.7M
$63.7M
Q2 25
$470.3M
$68.2M
Q1 25
$444.1M
$72.7M
Q4 24
$446.3M
$66.7M
Q3 24
$449.2M
$58.2M
Q2 24
$448.8M
$58.3M
Q1 24
$324.5M
$53.2M
Total Assets
MEG
MEG
VIASP
VIASP
Q4 25
$981.3M
$331.3M
Q3 25
$985.7M
$304.8M
Q2 25
$998.1M
$316.3M
Q1 25
$992.2M
$347.4M
Q4 24
$990.4M
$344.9M
Q3 24
$1.0B
$298.4M
Q2 24
$943.9M
$299.7M
Q1 24
$918.1M
$302.7M
Debt / Equity
MEG
MEG
VIASP
VIASP
Q4 25
0.61×
1.77×
Q3 25
0.66×
1.65×
Q2 25
0.56×
1.47×
Q1 25
0.53×
1.39×
Q4 24
0.46×
1.59×
Q3 24
0.52×
1.53×
Q2 24
0.42×
1.60×
Q1 24
0.87×
1.71×

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
VIASP
VIASP
Operating Cash FlowLast quarter
$51.9M
$-4.2M
Free Cash FlowOCF − Capex
$46.5M
$-4.8M
FCF MarginFCF / Revenue
24.1%
-3.7%
Capex IntensityCapex / Revenue
2.8%
0.4%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$91.2M
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEG
MEG
VIASP
VIASP
Q4 25
$51.9M
$-4.2M
Q3 25
$28.1M
$2.4M
Q2 25
$21.9M
$19.0M
Q1 25
$5.5M
$24.9M
Q4 24
$32.0M
$2.0M
Q3 24
$11.4M
$20.1M
Q2 24
$894.0K
$11.2M
Q1 24
$-22.0M
$17.1M
Free Cash Flow
MEG
MEG
VIASP
VIASP
Q4 25
$46.5M
$-4.8M
Q3 25
$22.3M
$1.9M
Q2 25
$19.9M
$18.4M
Q1 25
$2.4M
$23.5M
Q4 24
$29.7M
$1.6M
Q3 24
$10.2M
$19.7M
Q2 24
$-9.8M
$10.9M
Q1 24
$-29.3M
$16.6M
FCF Margin
MEG
MEG
VIASP
VIASP
Q4 25
24.1%
-3.7%
Q3 25
9.9%
1.9%
Q2 25
8.5%
20.5%
Q1 25
1.3%
16.5%
Q4 24
15.7%
1.5%
Q3 24
5.7%
21.0%
Q2 24
-5.6%
12.6%
Q1 24
-18.9%
14.6%
Capex Intensity
MEG
MEG
VIASP
VIASP
Q4 25
2.8%
0.4%
Q3 25
2.6%
0.4%
Q2 25
0.8%
0.6%
Q1 25
1.8%
1.0%
Q4 24
1.2%
0.4%
Q3 24
0.6%
0.4%
Q2 24
6.1%
0.3%
Q1 24
4.7%
0.4%
Cash Conversion
MEG
MEG
VIASP
VIASP
Q4 25
-0.61×
Q3 25
3.36×
3.12×
Q2 25
1.19×
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
9.41×
Q2 24
1.47×
Q1 24
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MEG
MEG

Segment breakdown not available.

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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