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Montrose Environmental Grp (MEG)



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Upturn Advisory Summary
10/10/2025: MEG (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $31.5
1 Year Target Price $31.5
3 | Strong Buy |
1 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 59.23% | Avg. Invested days 45 | 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 967.20M USD | Price to earnings Ratio - | 1Y Target Price 31.5 |
Price to earnings Ratio - | 1Y Target Price 31.5 | ||
Volume (30-day avg) 6 | Beta 1.78 | 52 Weeks Range 10.51 - 32.00 | Updated Date 10/12/2025 |
52 Weeks Range 10.51 - 32.00 | Updated Date 10/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.46 |
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 -5.1% | Operating Margin (TTM) 6.66% |
Management Effectiveness
Return on Assets (TTM) -0.85% | Return on Equity (TTM) -7.61% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1307197423 | Price to Sales(TTM) 1.24 |
Enterprise Value 1307197423 | Price to Sales(TTM) 1.24 | ||
Enterprise Value to Revenue 1.68 | Enterprise Value to EBITDA 24.39 | Shares Outstanding 35286491 | Shares Floating 32848194 |
Shares Outstanding 35286491 | Shares Floating 32848194 | ||
Percent Insiders 6.9 | Percent Institutions 100.54 |
Upturn AI SWOT
Montrose Environmental Grp

Company Overview
History and Background
Montrose Environmental Group was founded in 2012, focusing on environmental services. It has grown through acquisitions and organic expansion, becoming a significant player in the environmental solutions market.
Core Business Areas
- Assessment, Permitting & Response: Provides environmental assessment, permitting, and emergency response services.
- Remediation & Reuse: Offers remediation and reuse solutions for contaminated sites.
- Air Quality Services: Delivers air quality testing, monitoring, and consulting services.
Leadership and Structure
Andrew Littlefair serves as the Chairman and CEO. The company operates with a structured hierarchy and specialized teams for each business segment.
Top Products and Market Share
Key Offerings
- Environmental Testing: Provides comprehensive environmental testing services for air, water, and soil. Market share data is difficult to pinpoint precisely, but Montrose is a significant player in this fragmented market. Competitors include Eurofins Scientific, SGS S.A., and ALS Limited.
- Remediation Services: Offers remediation services for contaminated sites, addressing soil and groundwater contamination. Again, specific market share is challenging to obtain. Competitors include Clean Harbors, Inc., AECOM, and Jacobs Engineering Group.
- Air Quality Monitoring: Provides air quality monitoring, emissions testing, and compliance solutions for businesses. Specific market share unavailable; the market is competitive. Competitors include Thermo Fisher Scientific Inc., PerkinElmer, Inc., and HORIBA, Ltd.
Market Dynamics
Industry Overview
The environmental services industry is driven by increasing environmental regulations, corporate sustainability initiatives, and the need for remediation of contaminated sites. The industry is competitive and highly fragmented.
Positioning
Montrose is positioned as a comprehensive environmental solutions provider, offering a wide range of services. Its competitive advantage lies in its breadth of services and its network of specialized teams.
Total Addressable Market (TAM)
The global environmental services market is estimated to be in the hundreds of billions of dollars. Montrose is positioned to capture a significant portion of this TAM through its comprehensive service offerings.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Strong acquisition track record
- Experienced management team
- Strong market reputation
Weaknesses
- High debt levels
- Integration risk from acquisitions
- Dependence on regulatory environment
- Relatively small compared to large competitors
Opportunities
- Increasing environmental regulations
- Growing corporate sustainability initiatives
- Expanding into new geographic markets
- Acquiring complementary businesses
Threats
- Economic downturns
- Changes in environmental regulations
- Increased competition
- Rising operating costs
Competitors and Market Share
Key Competitors
- ES
- CLR
- AECOM
Competitive Landscape
Montrose competes with larger, more established players but differentiates itself through its focus on specialized environmental solutions.
Major Acquisitions
Envirocon
- Year: 2020
- Acquisition Price (USD millions): 245
- Strategic Rationale: Expanded remediation capabilities and geographic presence.
Emerging Compounds Treatment Technologies, Inc. (ECT2)
- Year: 2023
- Acquisition Price (USD millions): 51.5
- Strategic Rationale: Adds capabilities and experience in emerging contaminants, particularly PFAS, to the Companyu2019s service offerings.
Growth Trajectory and Initiatives
Historical Growth: Montrose has exhibited strong revenue growth through acquisitions and organic expansion.
Future Projections: Analysts project continued revenue growth for Montrose, driven by increasing demand for environmental services. Profitability improvements are also expected.
Recent Initiatives: Recent initiatives include strategic acquisitions to expand service offerings and geographic reach.
Summary
Montrose Environmental Group is a growing environmental services company with a strong acquisition strategy, they have diversified its services, however, the business struggles with net profit. Increasing environmental regulations provide opportunities for growth. Managing debt and integrating acquisitions will be critical for future success, and watch for increased competition in the environmental services market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate.
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 3500 | Website https://www.montrose-env.com |
Full time employees 3500 | 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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