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Montrose Environmental Grp (MEG)



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Upturn Advisory Summary
04/01/2025: MEG (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -9.04% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 471.77M USD | Price to earnings Ratio - | 1Y Target Price 33.2 |
Price to earnings Ratio - | 1Y Target Price 33.2 | ||
Volume (30-day avg) 555536 | Beta 1.72 | 52 Weeks Range 13.32 - 49.97 | Updated Date 04/2/2025 |
52 Weeks Range 13.32 - 49.97 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.22 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -8.95% | Operating Margin (TTM) -11.23% |
Management Effectiveness
Return on Assets (TTM) -1.96% | Return on Equity (TTM) -12.3% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 762363907 | Price to Sales(TTM) 0.68 |
Enterprise Value 762363907 | Price to Sales(TTM) 0.68 | ||
Enterprise Value to Revenue 1.09 | Enterprise Value to EBITDA 29.46 | Shares Outstanding 34663600 | Shares Floating 31909539 |
Shares Outstanding 34663600 | Shares Floating 31909539 | ||
Percent Insiders 6.96 | Percent Institutions 102.25 |
Analyst Ratings
Rating 4.29 | Target Price 35.83 | Buy 1 | Strong Buy 4 |
Buy 1 | Strong Buy 4 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Montrose Environmental Grp

Company Overview
History and Background
Montrose Environmental Grp (MEG) was founded in 2012 and quickly grew through acquisitions, establishing itself as a leader in environmental services.
Core Business Areas
- Assessment, Monitoring and Analysis: Provides comprehensive environmental testing, monitoring, and analytical services.
- Remediation and Reuse: Offers solutions for environmental remediation, including soil and water treatment, and promotes the beneficial reuse of materials.
- Environmental Resilience and Sustainability: Focuses on helping clients develop sustainable practices, reduce environmental impact, and adapt to climate change.
Leadership and Structure
Andrew Littlefair serves as the CEO. The company has a board of directors overseeing strategic direction and an executive leadership team managing day-to-day operations. The organization is structured around its core business segments.
Top Products and Market Share
Key Offerings
- Air Quality Services: Includes stack testing, ambient air monitoring, and greenhouse gas management. Competitors include Tetra Tech and Jacobs. Market share is difficult to precisely quantify, but MEG holds a strong position among specialized providers.
- Water Treatment Solutions: Provides technologies and services for treating contaminated water, including PFAS remediation. Competitors include Veolia and Suez. Market share data is not readily available.
- Soil Remediation: Services for cleaning up contaminated soil and restoring land for beneficial use. Competitors include Clean Harbors and AECOM. Market share data is fragmented.
Market Dynamics
Industry Overview
The environmental services industry is experiencing growth driven by increasing environmental regulations, corporate sustainability initiatives, and public awareness of environmental issues.
Positioning
Montrose Environmental Grp is positioned as a full-service environmental solutions provider, focusing on high-value, technically complex projects. Its competitive advantages include its extensive network of experts, specialized technologies, and strong client relationships.
Total Addressable Market (TAM)
The global environmental services market is estimated to be in the hundreds of billions of dollars. MEG is well-positioned to capture a significant portion of this market through organic growth and strategic acquisitions.
Upturn SWOT Analysis
Strengths
- Strong organic growth
- Diversified service offerings
- Experienced management team
- Proven acquisition strategy
- Strong brand reputation
Weaknesses
- High debt levels due to acquisitions
- Integration risks associated with acquisitions
- Dependence on regulatory environment
- Exposure to cyclical industries
Opportunities
- Expanding environmental regulations
- Growing corporate sustainability initiatives
- Increasing demand for PFAS remediation
- Geographic expansion
- Technological advancements
Threats
- Economic downturns
- Increased competition
- Changes in environmental regulations
- Technological disruptions
- Environmental liabilities
Competitors and Market Share
Key Competitors
- WCN
- GFL
- waste management (WM)
Competitive Landscape
Montrose competes with a mix of large, diversified environmental services companies and smaller, specialized firms. Montrose differentiates itself through its focus on high-value, technically complex projects and its strong client relationships.
Major Acquisitions
Matrix Solutions Inc.
- Year: 2023
- Acquisition Price (USD millions): 155
- Strategic Rationale: Expanded Montrose's presence in the Canadian environmental services market.
Growth Trajectory and Initiatives
Historical Growth: Montrose has experienced significant revenue growth through organic expansion and acquisitions.
Future Projections: Analyst projections vary but generally forecast continued revenue growth driven by favorable industry trends and the company's strategic initiatives.
Recent Initiatives: Recent initiatives include acquisitions of companies with complementary services, investments in new technologies, and expansion into new geographic markets.
Summary
Montrose Environmental Group is a growing environmental services company with a strong acquisition strategy. Its diversified services and focus on complex projects position it well in a growing market, but high debt and integration risks are key challenges. Favorable industry tailwinds and regulatory drivers support future expansion. They should remain adaptable to future changes in policy.
Similar Companies

GFL

Gfl Environmental Holdings Inc



GFL

Gfl Environmental Holdings Inc

WCN

Waste Connections Inc



WCN

Waste Connections Inc

WM

Waste Management Inc



WM

Waste Management Inc
Sources and Disclaimers
Data Sources:
- Company investor relations website
- Financial news sources
- Industry reports
Disclaimers:
This analysis is based on publicly available information and analyst estimates. It is not financial advice. Market share figures are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Montrose Environmental Grp
Exchange NYSE | Headquaters North Little Rock, AR, United States | ||
IPO Launch date 1994-11-07 | President, CEO & Director Mr. Vijay Manthripragada | ||
Sector Industrials | Industry Waste Management | Full time employees 3410 | Website https://www.montrose-env.com |
Full time employees 3410 | Website https://www.montrose-env.com |
Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, and internationally. It operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The company offers scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects and development projects. It also provides environmental testing and laboratory services, including source and ambient air testing and monitoring, leak detection, and advanced multi-media laboratory services, including air, soil, stormwater, wastewater and drinking water analysis; and engineering, design, and implementation services comprising treatment technologies which treat contaminated water or create renewable energy from waste, or soil remediation. The company serves oil and gas, utilities, local, state, provincial and federal government entities, technical services, industrial manufacturing, transportation, chemicals, renewable energy generation, aerospace, telecommunications, and engineering industries. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.
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