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MEG 
Montrose Environmental Grp (MEG)
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Upturn Advisory Summary
12/08/2025: MEG (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $32.5
1 Year Target Price $32.5
| 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  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 929.38M USD | Price to earnings Ratio - | 1Y Target Price 32.5 |
Price to earnings Ratio - | 1Y Target Price 32.5 | ||
Volume (30-day avg) 6 | Beta 1.99 | 52 Weeks Range 10.51 - 32.00 | Updated Date 12/8/2025 |
52 Weeks Range 10.51 - 32.00 | Updated Date 12/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.84 |
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 2025-11-11 | When - | Estimate 0.0467 | Actual 0.36 |
Profitability
Profit Margin -2.52% | Operating Margin (TTM) 4.76% |
Management Effectiveness
Return on Assets (TTM) -0.27% | Return on Equity (TTM) -4.17% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1291984642 | Price to Sales(TTM) 1.12 |
Enterprise Value 1291984642 | Price to Sales(TTM) 1.12 | ||
Enterprise Value to Revenue 1.56 | Enterprise Value to EBITDA 16.24 | Shares Outstanding 35337667 | Shares Floating 32729394 |
Shares Outstanding 35337667 | Shares Floating 32729394 | ||
Percent Insiders 6.89 | Percent Institutions 95.98 |
Upturn AI SWOT
Montrose Environmental Grp
Company Overview
History and Background
Montrose Environmental Group, Inc. was founded in 2012 and has since grown into a leading provider of environmental solutions. Key milestones include its IPO in 2020, and subsequent strategic acquisitions to expand its service offerings and geographic reach. The company has evolved from a niche player to a comprehensive environmental services firm.
Core Business Areas
- Environmental Services: Offers a broad range of environmental services, including emissions testing and monitoring, leak detection and repair (LDAR), waste management, and environmental consulting. This segment caters to industries needing to comply with environmental regulations and improve operational sustainability.
- Rental and Support Services: Provides specialized equipment rental and support for various environmental projects. This includes rental of emissions testing equipment, vapor recovery units, and other specialized machinery, along with associated technical support and maintenance.
- Environmental Engineering and Consulting: Delivers engineering and consulting services for environmental projects, such as site assessments, remediation design, permitting, and compliance strategy development. This segment focuses on providing expertise to help clients navigate complex environmental challenges.
Leadership and Structure
Montrose Environmental Group is led by a seasoned management team with expertise in environmental services and business operations. The organizational structure is typically segmented by service line or region to ensure specialized expertise and efficient delivery of services to clients.
Top Products and Market Share
Key Offerings
- Emissions Testing and Monitoring: Provides advanced technologies and services for measuring and monitoring air emissions. This includes continuous emissions monitoring systems (CEMS), periodic testing, and ambient air monitoring. Competitors include companies like Veolia Environmental Services, Clean Air Engineering, and various smaller regional testing firms. Market share data for this specific service is not publicly disclosed but is a significant revenue driver.
- Leak Detection and Repair (LDAR): Offers comprehensive LDAR programs utilizing advanced detection technologies (e.g., infrared cameras, optical gas imaging) to identify and repair fugitive emissions. Key competitors include specialized LDAR service providers and larger industrial services companies. Again, specific market share is not readily available.
- Vapor Recovery Units (VRUs): Designs, manufactures, and installs VRUs to capture volatile organic compounds (VOCs) from industrial processes, reducing air pollution and enabling product recovery. Competitors include companies specializing in air pollution control equipment and engineered systems. Market share for this product segment is also not publicly detailed.
Market Dynamics
Industry Overview
The environmental services industry is driven by increasing regulatory scrutiny, growing corporate sustainability initiatives, and the need for industries to manage their environmental impact. Key trends include a focus on emissions reduction, circular economy principles, and advanced monitoring technologies. The industry is generally fragmented with both large conglomerates and specialized niche players.
Positioning
Montrose Environmental Group positions itself as a comprehensive provider of environmental solutions, offering a wide array of services from testing and monitoring to engineering and equipment. Its competitive advantages lie in its integrated service model, technical expertise, and ability to serve diverse industries. The company also benefits from a strong focus on compliance and sustainability solutions.
Total Addressable Market (TAM)
The total addressable market for environmental services globally is estimated to be in the hundreds of billions of dollars and is growing due to increasing environmental awareness and stricter regulations. Montrose Environmental Group operates within specific segments of this TAM, such as air quality monitoring, waste management, and consulting, and is positioned to capture a growing share through its specialized offerings and strategic acquisitions.
Upturn SWOT Analysis
Strengths
- Integrated service offerings covering a broad spectrum of environmental needs.
- Strong technical expertise and specialized knowledge in emissions monitoring and LDAR.
- Established client relationships across various industries (oil & gas, manufacturing, etc.).
- Focus on compliance-driven services which provide recurring revenue streams.
- Strategic acquisitions to expand service portfolio and geographic reach.
Weaknesses
- Dependence on regulatory environments, which can change.
- Potential integration challenges from recent acquisitions.
- Competition from larger, more diversified industrial service companies.
- Capital intensity of some service offerings and equipment.
Opportunities
- Increasing global focus on climate change and emissions reduction.
- Stricter environmental regulations and enforcement worldwide.
- Growth in demand for sustainable and green technologies.
- Expansion into emerging markets with growing industrial bases.
- Leveraging data analytics for enhanced environmental monitoring and reporting.
Threats
- Economic downturns affecting industrial spending.
- Changes in environmental policies or reduced regulatory enforcement.
- Intensifying competition and price pressures.
- Technological disruption from new innovative solutions.
- Natural disasters or unforeseen operational disruptions.
Competitors and Market Share
Key Competitors
- Veolia Environnement S.A. (VIE.PA)
- Clean Harbors, Inc. (CLH)
- Waste Management, Inc. (WM)
- Ever's Environmental Group (EEI)
Competitive Landscape
Montrose faces competition from large, diversified environmental service providers as well as smaller, specialized firms. Its advantage lies in its targeted focus on emission solutions and integrated approach. However, larger competitors may have greater financial resources and established market dominance in certain segments. Pricing, technological innovation, and regulatory compliance are key competitive factors.
Major Acquisitions
Keystone Environmental Services
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To expand Montrose's presence and service offerings in the industrial emissions testing and monitoring market, particularly in specific geographic regions.
Smith+Smith
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance Montrose's capabilities in emissions testing, monitoring, and compliance services, strengthening its position in the oil and gas and industrial sectors.
Tighe & Bond
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: To broaden Montrose's environmental engineering and consulting services, offering clients a more comprehensive suite of solutions from design to implementation.
Growth Trajectory and Initiatives
Historical Growth: Montrose has experienced significant historical growth, largely fueled by a strategy of strategic acquisitions coupled with organic expansion. Revenue has increased substantially year-over-year, reflecting its market penetration and broadened service capabilities.
Future Projections: Analyst projections generally indicate continued revenue growth for Montrose Environmental Group, driven by favorable industry trends and the company's strategic initiatives. Profitability is expected to improve as integration costs subside and synergies from acquisitions are realized. Specific growth rate projections vary by analyst.
Recent Initiatives: Recent initiatives include continued acquisition strategies to expand service lines and geographic coverage, investments in new technologies for environmental monitoring, and efforts to enhance operational efficiency across its expanded network of services.
Summary
Montrose Environmental Group is a growing environmental solutions provider with a strong focus on emissions control and regulatory compliance. Its integrated service model and strategic acquisitions have fueled significant revenue growth. However, the company needs to manage integration risks, navigate competitive pressures, and ensure consistent profitability to solidify its long-term success. Continued investment in technology and expansion into new markets are key to watch.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Montrose Environmental Group Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Analysis Reports
- Financial News Outlets (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data and acquisition prices are estimates where not explicitly disclosed.
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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