Montrose Environmental Group, Inc. (MEG)

MEG Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-0.84	-62.31	-30.86	-31.82	-25.33
Depreciation & Amortization	62.69	64.33	55.97	56.77	52.96
Stock-Based Compensation	42.72	64.67	47.27	43.29	10.32
Other Adjustments	-0.72	7.26	-1.97	-1.15	33.27
Change in Receivables	-10.07	-41.98	-2.92	4.39	-36.16
Changes in Accounts Payable	8.35	3.8	-8.91	-9.88	24
Changes in Accrued Expenses	18.53	-1.71	9.46	-6.83	3.24
Changes in Other Operating Activities	-13.16	-11.83	-12.02	-34.13	-24.72
Operating Cash Flow	107.48	22.24	56.02	20.65	37.58
Operating Cash Flow Growth	383.36%	-60.31%	171.31%	-45.05%	1931.41%
Capital Expenditures	-16.32	-21.33	-29.58	-9.58	-6.89
Sale of Property, Plant & Equipment	0.71	2.37	1.54	0.17	0.6
Purchases of Intangible Assets	-0.7	-2.5	-3.35	-0.59	-0.7
Payments for Business Acquisitions	-	-113.09	-66.19	-28.63	-55.73
Other Investing Activities	0.46	-3.5	-4.05	-0.06	-8.92
Investing Cash Flow	-15.84	-138.05	-101.62	-38.69	-71.64
Short-Term Debt Issued	477.6	403.12	-	-	109
Short-Term Debt Repaid	-419.76	-377.62	-	-	-109
Net Short-Term Debt Issued (Repaid)	57.84	25.5	-	-	-
Long-Term Debt Issued	200	50	10.94	-	175
Long-Term Debt Repaid	-192.86	-16.07	-12.8	-8.75	-173.91
Net Long-Term Debt Issued (Repaid)	7.14	33.93	-1.87	-8.75	1.1
Issuance of Common Stock	1.07	123.84	4.69	1.64	177.02
Net Common Stock Issued (Repurchased)	1.07	123.84	4.69	1.64	177.02
Preferred Share Dividends Paid	-126.39	-71.06	-16.4	-16.4	-16.4
Other Financing Activities	-32.78	-6.2	-6.53	-15.26	-15.61
Financing Cash Flow	-93.12	106	-20.11	-38.76	146.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.22	-0.5	-0.88	-0.11	-0.18
Net Cash Flow	-1.49	-9.81	-65.71	-56.8	112.04
Free Cash Flow	91.16	0.9	26.44	11.07	30.7
Free Cash Flow Growth	10006.32%	-96.59%	138.97%	-63.95%	-
FCF Margin	10.98%	0.13%	4.24%	2.03%	5.62%
Free Cash Flow Per Share	2.60	0.03	0.88	0.37	1.15
Levered Free Cash Flow	120.07	19.32	-34.2	-60.62	7.97
Unlevered Free Cash Flow	59.2	-8.86	-12.62	-33.8	38.46

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q