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Montrose Environmental Group Inc (MEG)
NYSE:MEG
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.64Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational and financial momentum: record 2025 revenue, EBITDA, margins, and exceptional cash generation, plus a simplified balance sheet and clear 2026 guidance targeting further margin improvement. Management emphasized durable private-sector demand, cross-selling gains, and multiple growth tailwinds (PFAS, water technology, data centers, mining, pharma, semiconductors). Near-term caveats include Q4 quarter-to-quarter margin softness, a strategic wind-down of renewables that weighed on Remediation & Reuse margins, lumpy emergency response revenue that creates cadence variability, and modestly higher interest expense from financing the preferred redemption. Overall, the positive drivers and materially improved metrics outweigh the operational and timing headwinds.Company Guidance
Record Full-Year Revenue
Full-year 2025 revenue of $830.5 million, up 19.3% versus 2024 and well above initial guidance.
Record Consolidated Adjusted EBITDA and Margin Expansion
Consolidated adjusted EBITDA of $116.2 million, up 21.3% year-over-year, with consolidated adjusted EBITDA margin of 14.0% (180 basis points improvement since 2022).
Strong Organic Growth and Long-Term Track Record
Organic revenue growth of 12.7% in 2025 (well above the 7%–9% long-term target) and roughly 20% revenue CAGR from 2020–2025, driven by ~13% average annual organic growth.
Exceptional Cash Generation and Conversion
Operating cash flow of $107 million in 2025, representing 93% conversion of consolidated adjusted EBITDA; record free cash flow of $87 million (75% of consolidated adjusted EBITDA).
Strong Balance Sheet and Liquidity
Leverage ratio improved to 2.5x (below 3x target), $225 million of available liquidity, and full redemption of $122 million Series A-2 preferred six months ahead of schedule, eliminating future preferred dividends.
2026 Guidance and Margin Targeting
2026 guidance: revenue $840M–$900M and consolidated adjusted EBITDA $125M–$130M (midpoint ≈10% EBITDA growth); company targets ~15% consolidated adjusted EBITDA margin for 2026 and expects high end of 7%–9% organic growth range.
Cross-Selling and Commercial Momentum
Percentage of revenue from cross-selling increased from 53% to 62%, and management highlighted conversion of emergency response engagements into longer-term remediation and consulting work.
Segment Strength: Assessment, Permitting & Response
Assessment, Permitting & Response segment revenue grew 43% to $307.4 million; segment adjusted EBITDA increased to $68.5 million (22.3% margin).
Segment Strength: Measurement & Analysis Margin Expansion
Measurement & Analysis revenue grew 9.6% to $245.9 million; segment adjusted EBITDA improved to $64.4 million with margin expansion of 370 basis points to 26.2%.
Strategic Capital Allocation Enabled
Completed balance sheet simplification enabling: initiation of a $40 million share repurchase authorization, planned 1%–2% of revenue investment in proprietary technology/R&D, and measured return to accretive M&A (focused on small, bolt-on deals).
MEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $23.38 | $28.63 | +22.46% |
Nov 04, 2025 | $24.63 | $25.97 | +5.44% |
Aug 06, 2025 | $22.61 | $24.53 | +8.49% |
May 07, 2025 | $15.05 | $17.70 | +17.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Montrose Environmental Group Inc (MEG) report earnings?
Montrose Environmental Group Inc (MEG) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Montrose Environmental Group Inc (MEG) earnings time?
Montrose Environmental Group Inc (MEG) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEG EPS forecast?
MEG EPS forecast for the fiscal quarter 2026 (Q1) is -0.24.