Montrose Environmental Group, Inc. (MEG)

MEG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	780.12	696.4	624.21	544.42	546.41	328.24
Revenue Growth (YoY)	17.79%	11.56%	14.66%	-0.36%	66.47%	40.36%
Cost of Revenue	458.76	418.19	383.9	351.88	369.03	215.49
Gross Profit	321.36	278.2	240.31	192.53	177.39	112.75
Selling, General & Admin	279.97	253.8	215.93	174.4	115.57	81.2
Operating Expenses	334.62	306.56	261.71	221.88	160.38	118.48
Operating Income	-13.26	-28.36	-21.41	-29.35	17.01	-5.73
Interest Expense	-20.61	-17.76	-10.39	-5.24	-7.56	-13.82
Other Non Operating Income (Expenses)	10.11	0.17	6.97	3.68	-2.55	-20.27
EBT Excluding Unusual Items	-23.77	-45.96	-24.83	-30.91	6.9	-39.81
Merger & Restructuring Charges	-5.26	-7.83	-6.93	-1.89	-2.09	-4.34
Other Unusual Items	-2.02	-0.53	-0.08	3.23	-28.42	-12.94
Pretax Income	-31.05	-54.32	-31.84	-29.57	-23.62	-57.1
Income Tax Expense	8.74	8	-0.98	2.25	1.71	0.85
Net Income	-39.79	-62.31	-30.86	-31.82	-25.33	-57.95
Preferred Dividends & Other Adjustments	9.65	11.06	16.4	16.4	16.4	48.91
Net Income to Common	-49.44	-73.38	-47.26	-48.22	-41.73	-106.86
Shares Outstanding (Basic)	35	33	30	30	27	16
Shares Outstanding (Diluted)	35	33	30	30	27	16
Shares Change (YoY)	11.47%	9.99%	1.25%	11.09%	62.17%	87.50%
EPS (Basic)	-1.43	-2.22	-1.57	-1.62	-1.56	-6.48
EPS (Diluted)	-1.44	-2.22	-1.57	-1.62	-1.56	-6.48
Free Cash Flow	62.24	0.9	26.44	11.07	30.7	-5.91
Free Cash Flow Per Share	1.80	0.03	0.88	0.37	1.15	-0.36
Gross Margin	41.19%	39.95%	38.50%	35.37%	32.46%	34.35%
Operating Margin	-1.70%	-4.07%	-3.43%	-5.39%	3.11%	-1.74%
Profit Margin	-6.34%	-10.54%	-7.57%	-8.86%	-7.64%	-32.55%
Free Cash Flow Margin	7.98%	0.13%	4.24%	2.03%	5.62%	-1.80%
EBITDA	41.39	24.4	24.37	18.13	61.82	31.55
EBITDA Margin	5.31%	3.50%	3.91%	3.33%	11.31%	9.61%
D&A For EBITDA	54.65	52.76	45.78	47.48	44.81	37.27
EBIT	-13.26	-28.36	-21.41	-29.35	17.01	-5.73
EBIT Margin	-1.70%	-4.07%	-3.43%	-5.39%	3.11%	-1.74%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q