Montrose Environmental Group, Inc.

MEG

MEGMontrose Environmental Group, Inc. US flag

New York Stock Exchange

15.64

USD

+1.14

- -

565.70MMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	189	234	328	546	544	624	696	831
+ Sales & Services Revenue	189	234	328	546	544	624	696	831
- Cost of Revenue	135	164	215	369	352	384	418	496
+ Cost of Goods & Services	135	164	215	369	352	384	418	496
Gross Profit	54	70	113	177	193	240	278	334
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	65	77	123	162	224	269	314	322
+ Selling, General & Admin	41	50	86	118	176	223	262	271
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	24	28	37	45	47	46	53	51
Operating Income (Loss)	-11	-8	-10	15	-31	-28	-36	13
- Non-Operating (Income) Loss	11	19	47	39	-2	4	18	1
+ Interest Expense, Net	11	7	14	12	5	8	16	20
+ Interest Expense	11	7	14	12	5	8	16	20
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	12	33	27	-7	-4	2	-18
Pretax Income	-21	-27	-57	-24	-30	-32	-54	11
- Income Tax Expense (Benefit)	-5	-3	1	2	2	-1	8	12
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-16	-24	-58	-25	-32	-31	-62	-1
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-16	-24	-58	-25	-32	-31	-62	-1
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-16	-24	-58	-25	-32	-31	-62	-1
- Preferred Dividends	1	- -	31	16	16	16	11	4
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-17	-24	-89	-42	-48	-47	-73	-5
EBIT	-11	-8	-10	15	-31	-28	-36	13
EBITDA	13	20	27	60	16	17	17	64
EBITDA Margin (%)	6.95	8.62	8.29	10.93	2.98	2.79	2.38	7.65
EBITA	-11	-8	-10	15	-31	-28	-36	13
Gross Margin (%)	28.64	29.88	34.35	32.46	35.37	38.5	39.95	40.26
Operating Margin (%)	-5.72	-3.23	-3.07	2.73	-5.74	-4.54	-5.2	1.52
Profit Margin (%)	-8.73	-10.07	-17.65	-4.63	-5.84	-4.94	-8.95	-0.1
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.42	0.61	0.55	0.55	0.33	0.12
Depreciation Expense	24	28	37	45	47	46	53	51
Basic Weighted Avg Shares	21	21	16	27	30	30	33	35
Basic EPS, GAAP	-0.83	-1.13	-5.42	-1.56	-1.62	-1.57	-2.22	-0.14
Basic EPS from Cont Ops	-0.79	-1.13	-3.52	-0.95	-1.07	-1.03	-1.88	-0.02
Diluted Weighted Avg Shares	21	21	16	27	30	30	33	35
Diluted EPS, GAAP	-0.83	-1.13	-5.42	-1.56	-1.62	-1.57	-2.22	-0.14
Diluted EPS from Cont Ops	-0.79	-1.13	-3.52	-0.95	-1.07	-1.03	-1.88	-0.02

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	54	73	134	294	248	201	238	240
+ Cash, Cash Equivalents & STI	2	6	34	147	90	23	13	11
+ Cash & Cash Equivalents	2	6	34	147	90	23	13	11
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	49	61	93	139	148	164	211	214
+ Accounts Receivable, Net	38	46	54	99	95	112	159	155
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	10	15	39	41	53	52	52	59
+ Inventories	1	2	2	2	4	4	3	3
+ Raw Materials	1	2	2	2	4	4	3	3
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	4	5	6	7	10	11	12
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	180	259	468	539	544	616	752	741
+ Property, Plant & Equip, Net	21	27	34	64	72	102	123	138
+ Property, Plant & Equip	50	64	79	109	123	159	191	218
- Accumulated Depreciation	29	37	44	45	51	57	68	80
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	160	232	434	475	472	514	629	603
+ Total Intangible Assets	159	230	430	473	466	505	621	593
+ Goodwill	90	127	275	312	324	364	468	467
+ Other Intangible Assets	69	103	155	161	142	141	153	126
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	2	5	2	6	8	9	10
Total Assets	234	332	603	833	792	817	990	981
+ Payables & Accruals	20	33	43	52	52	63	69	77
+ Accounts Payable	9	15	15	24	25	31	33	35
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	11	18	27	27	27	32	36	43
+ ST Debt	2	7	6	21	24	28	34	29
+ ST Borrowings	2	7	6	11	12	14	18	11
+ ST Finance Leases	- -	- -	- -	10	12	14	16	17
+ Other ST Liabilities	20	33	63	75	36	35	55	62
+ Deferred Revenue	2	3	6	28	19	8	9	15
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	18	29	57	47	17	27	46	47
Total Current Liabilities	42	73	112	148	111	126	159	168
+ LT Debt	71	145	170	184	178	182	247	330
+ LT Borrowings	71	145	170	162	152	149	205	277
+ LT Finance Leases	- -	- -	- -	23	26	33	42	53
+ Other LT Liabilities	114	140	184	184	189	187	138	32
+ Accrued Liabilities	5	4	3	4	6	6	13	22
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	109	136	181	180	183	181	125	10
Total Noncurrent Liabilities	185	285	354	369	367	369	385	362
Total Liabilities	227	358	466	517	479	496	544	530
+ Preferred Equity and Hybrid Capital	109	- -	153	153	153	153	- -	- -
+ Share Capital & APIC	48	38	259	464	493	532	721	728
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	48	38	259	464	493	532	721	728
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-41	-64	-122	-148	-179	-210	-273	-274
+ Other Equity	- -	- -	- -	- -	- -	- -	-2	-3
Equity Before Minority Interest	7	-26	137	317	313	321	446	451
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	7	-26	137	317	313	321	446	451
Total Liabilities & Equity	234	332	603	833	792	817	990	981
Shares Outstanding	20	20	25	30	30	30	34	36
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	33	38	47	58	71
Net Debt	71	146	142	26	75	140	210	277
Net Debt to Equity	1,025.19	-554.48	103.19	8.22	23.85	43.56	47	61.41
Tangible Common Equity Ratio	-347.05	-250.31	-257.1	-85.9	-93.8	-108.16	-47.13	-36.58
Current Ratio	1.27	1	1.2	1.99	2.22	1.59	1.5	1.43
Cash Conversion Cycle	- -	43.12	33.9	33.8	42.33	37.28	45.76	45.94

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-16	-24	-58	-25	-32	-31	-62	-1
+ Depreciation & Amortization	24	28	37	45	47	46	53	51
+ Non-Cash Items	2	15	39	36	28	55	84	54
+ Stock-Based Compensation	6	4	5	10	43	47	65	43
+ Deferred Income Taxes	-5	-3	1	2	2	-1	4	10
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	1
+ Other Non-Cash Adj	1	14	33	24	-18	9	15	1
+ Chg in Non-Cash Work Cap	-12	-2	-17	-18	-23	-14	-52	3
+ (Inc) Dec in Accts Receiv	-10	-7	-19	-36	4	-3	-42	-10
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-2	-4	-1	-2	-1	-1	-3
+ Inc (Dec) in Accts Payable	-2	8	7	27	-17	1	2	27
+ Inc (Dec) in Other	- -	-2	- -	-8	-9	-10	-12	-11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-3	17	2	38	21	56	22	107
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	1	- -	2	2	1
+ Disp of Fixed Prod Assets	- -	- -	- -	1	- -	2	2	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-5	-8	-8	-10	-33	-24	-17
+ Acq of Fixed Prod Assets	-4	-5	-8	-7	-10	-30	-21	-16
+ Acq of Intangible Assets	- -	- -	-1	-1	-1	-3	-3	-1
+ Cash (Repurchase) of Equity	-3	- -	161	170	- -	- -	122	- -
+ Increase in Capital Stock	- -	- -	161	170	- -	- -	122	- -
+ Decrease in Capital Stock	-3	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-46	-81	-172	-56	-29	-66	-113	- -
+ Cash from Divestitures	- -	- -	2	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-46	-81	-174	-56	-29	-66	-113	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1	-1	1	-9	- -	-4	-3	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-50	-87	-180	-72	-39	-102	-138	-16
+ Dividends Paid	- -	- -	-7	-16	-16	-16	-11	-4
+ Net Cash From Debt	-9	220	24	-2	-13	-6	54	56
+ Cash From Debt	254	293	279	284	- -	11	453	680
+ Repayments of Debt	-263	-72	-255	-286	-13	-17	-399	-624
+ Other Financing Activities	63	-146	27	-6	-10	3	-59	-145
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	51	74	206	146	-39	-20	106	-93
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-1	- -	- -
Net Changes in Cash	-2	5	28	112	-57	-66	-10	-1
EBITDA	13	20	27	60	16	17	17	64
EBITDA Margin (%)	6.95	8.62	8.29	10.93	2.98	2.79	2.38	7.65
Free Cash Flow	-7	12	-6	30	10	23	-2	90
Net Cash Paid for Acquisitions	46	81	172	56	29	66	113	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	89
Free Cash Flow to Equity	- -	124	140	13	-18	5	-107	144
Free Cash Flow per Basic Share	-0.33	0.59	-0.39	1.12	0.35	0.77	-0.05	2.58
Price/Free Cash Flow	- -	- -	50.14	41.72	42.75	10.86	13.31	7
Cash Flow to Net Income	0.17	-0.72	-0.03	-1.48	-0.65	-1.82	-0.36	-127.49
Capital Expenditures	-4	-5	-8	-8	-10	-33	-24	-17