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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	718.9	696.4	624.21	544.42	546.41	328.24
Revenue Growth (YoY)	10.92%	11.56%	14.66%	-0.36%	66.47%	40.36%
Cost of Revenue	430.04	418.19	383.9	351.88	369.03	215.49
Gross Profit	288.86	278.2	240.31	192.53	177.39	112.75
Selling, General & Admin	264.77	253.8	215.93	174.4	115.57	81.2
Operating Expenses	319.18	306.56	261.71	221.88	160.38	118.48
Operating Income	-30.31	-28.36	-21.41	-29.35	17.01	-5.73
Interest Expense	-20.75	-17.76	-10.39	-5.24	-7.56	-13.82
Other Non Operating Income (Expenses)	0.04	0.17	6.97	3.68	-2.55	-20.27
EBT Excluding Unusual Items	-51.02	-45.96	-24.83	-30.91	6.9	-39.81
Merger & Restructuring Charges	-6.01	-7.83	-6.93	-1.89	-2.09	-4.34
Other Unusual Items	-0.91	-0.53	-0.08	3.23	-28.42	-12.94
Pretax Income	-57.94	-54.32	-31.84	-29.57	-23.62	-57.1
Income Tax Expense	10.37	8	-0.98	2.25	1.71	0.85
Net Income	-68.32	-62.31	-30.86	-31.82	-25.33	-57.95
Preferred Dividends & Other Adjustments	11	11.06	16.4	16.4	16.4	48.91
Net Income to Common	-79.32	-73.38	-47.26	-48.22	-41.73	-106.86
Shares Outstanding (Basic)	34	33	30	30	27	16
Shares Outstanding (Diluted)	34	33	30	30	27	16
Shares Change (YoY)	12.93%	9.99%	1.25%	11.09%	62.17%	87.50%
EPS (Basic)	-2.33	-2.22	-1.57	-1.62	-1.56	-6.48
EPS (Diluted)	-2.33	-2.22	-1.57	-1.62	-1.56	-6.48
Free Cash Flow	32.55	0.9	26.44	11.07	30.7	-5.91
Free Cash Flow Per Share	0.95	0.03	0.88	0.37	1.15	-0.36
Gross Margin	40.18%	39.95%	38.50%	35.37%	32.46%	34.35%
Operating Margin	-4.22%	-4.07%	-3.43%	-5.39%	3.11%	-1.74%
Profit Margin	-11.03%	-10.54%	-7.57%	-8.86%	-7.64%	-32.55%
Free Cash Flow Margin	4.53%	0.13%	4.24%	2.03%	5.62%	-1.80%
EBITDA	24.09	24.4	24.37	18.13	61.82	31.55
EBITDA Margin	3.35%	3.50%	3.91%	3.33%	11.31%	9.61%
D&A For EBITDA	54.4	52.76	45.78	47.48	44.81	37.27
EBIT	-30.31	-28.36	-21.41	-29.35	17.01	-5.73
EBIT Margin	-4.22%	-4.07%	-3.43%	-5.39%	3.11%	-1.74%

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q