Montrose Environmental Group, Inc. (MEG)

MEG Cash Flow 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-20.85	-62.31	-30.86	-31.82	-25.33	-57.95
Depreciation & Amortization	65.94	64.33	55.97	56.77	52.96	37.27
Other Amortization	0.91	-	-	-	-	-
Stock-Based Compensation	63.58	64.67	47.27	43.29	10.32	4.85
Provision & Write-off of Bad Debts	7.41	-	-	-	1.14	4.53
Other Operating Activities	-21.69	8.02	-1.97	-5.12	32.13	36.2
Change in Accounts Receivable	-24.83	-41.98	-2.92	4.39	-36.16	-19.2
Change in Accounts Payable	12.08	3.8	-8.91	-9.88	24	0.6
Change in Other Net Operating Assets	4.96	-14.29	-2.56	-36.99	-21.48	-4.46
Operating Cash Flow	87.5	22.24	56.02	20.65	37.58	1.85
Operating Cash Flow Growth	1712.05%	-60.31%	171.31%	-45.05%	1931.41%	-89.14%
Capital Expenditures	-13.18	-21.33	-29.58	-9.58	-6.89	-7.76
Sale of Property, Plant & Equipment	1.84	2.15	0.97	0.17	0.6	-
Cash Acquisitions	-0.07	-113.09	-66.19	-28.63	-55.73	-173.92
Sale (Purchase) of Intangibles	-2.21	-2.5	-3.35	-0.59	-0.7	-
Investment in Securities	-	-0.21	-2.63	-	-	-
Other Investing Activities	0.17	-3.06	-0.85	-0.06	-8.92	1.94
Investing Cash Flow	-13.46	-138.05	-101.62	-38.69	-71.64	-179.74
Long-Term Debt Issued	-	453.12	10.94	-	284	279.39
Long-Term Debt Repaid	-	-399.18	-17.39	-12.72	-285.62	-255.02
Net Debt Issued (Repaid)	56.47	53.94	-6.45	-12.72	-1.62	24.37
Issuance of Common Stock	0.49	123.84	4.69	1.64	177.02	161.7
Preferred Dividends Paid	-6.9	-11.06	-16.4	-16.4	-16.4	-6.97
Dividends Paid	-6.9	-11.06	-16.4	-16.4	-16.4	-6.97
Other Financing Activities	-7.65	-0.71	-1.95	-11.29	-12.9	-15.03
Financing Cash Flow	-79.82	106	-20.11	-38.76	146.1	205.9
Foreign Exchange Rate Adjustments	-0.53	-0.5	-0.88	-0.11	-0.18	-0.02
Net Cash Flow	-6.31	-10.31	-66.59	-56.91	111.86	28
Free Cash Flow	74.32	0.9	26.44	11.07	30.7	-5.91
Free Cash Flow Growth	-	-96.59%	138.97%	-63.95%	-	-
Free Cash Flow Margin	8.99%	0.13%	4.24%	2.03%	5.62%	-1.80%
Free Cash Flow Per Share	2.13	0.03	0.88	0.37	1.15	-0.36
Cash Interest Paid	14.78	14.78	8.06	6.51	5.01	11.95
Cash Income Tax Paid	4.19	4.19	1	0.79	0.41	0.17
Levered Free Cash Flow	117.11	54.92	41.65	19.22	34.9	29.05
Unlevered Free Cash Flow	129.45	66.02	48.15	22.49	39.62	37.69
Change in Working Capital	-7.8	-52.47	-14.39	-42.47	-33.64	-23.06

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q