Montrose Environmental Group, Inc. (MEG) Financial Ratios
8 years of historical data (2018–2025) · Industrials · Waste Management
EV/EBITDA
↓
18.04
↓-52% vs avg
5yr avg: 37.47
30Y Low19.2·High49.7
P/FCF
↓
8.76
↓-95% vs avg
5yr avg: 183.58
30Y Low9.6·High123.8
P/B Ratio
↓
1.72
↓-48% vs avg
5yr avg: 3.29
30Y Low1.4·High6.0
ROE
↑
-0.2%
↓+98% vs avg
5yr avg: -9.5%
30Y Low-48%·High-0%
Debt/EBITDA
↑
5.65
↓-20% vs avg
5yr avg: 7.04
30Y Low4.7·High19.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MEG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Montrose Environmental Group, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.8x P/FCF, 95% below the 5-year average of 183.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $798M | $872M | $613M | $966M | $1.3B | $1.9B | $510M | — | — |
| Enterprise Value | $1.1B | $1.2B | $881M | $1.2B | $1.4B | $1.9B | $652M | — | — |
| P/E Ratio → | -157.64 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.96 | 1.05 | 0.88 | 1.55 | 2.42 | 3.45 | 1.55 | — | — |
| P/B Ratio | 1.72 | 1.93 | 1.37 | 3.01 | 4.21 | 5.95 | 3.72 | — | — |
| P/FCF | 8.76 | 9.57 | 679.91 | 41.82 | 123.78 | 62.82 | — | — | — |
| P/OCF | 7.43 | 8.11 | 27.58 | 17.24 | 63.82 | 50.14 | 275.78 | — | — |
P/E links to full P/E history page with 30-year chart
MEG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Montrose Environmental Group, Inc.'s enterprise value stands at 18.0x EBITDA, 52% below its 5-year average of 37.5x. The Industrials sector median is 13.9x, placing the stock at a 30% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.47 | 1.27 | 1.85 | 2.63 | 3.56 | 1.99 | — | — |
| EV / EBITDA | 18.04 | 19.20 | 31.92 | 41.84 | 49.74 | 44.67 | 45.69 | — | — |
| EV / EBIT | 90.78 | 39.62 | — | — | — | — | — | — | — |
| EV / FCF | — | 13.38 | 977.10 | 49.92 | 134.32 | 64.78 | — | — | — |
MEG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Montrose Environmental Group, Inc. earns an operating margin of 1.5%, below the Industrials sector average of 4.9%. Operating margins have expanded from -4.6% to 1.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.2% indicates the company is currently destroying shareholder equity. ROIC of 1.3% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.1% | 34.1% | 39.9% | 38.5% | 35.4% | 32.5% | 34.3% | 29.9% | 28.6% |
| Operating Margin | 1.5% | 1.5% | -5.3% | -4.6% | -5.1% | -1.7% | -7.0% | -8.5% | -5.6% |
| Net Profit Margin | -0.1% | -0.1% | -8.9% | -4.9% | -5.8% | -4.6% | -17.7% | -10.1% | -8.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | -16.2% | -9.7% | -10.1% | -11.2% | -48.4% | -21.5% | -14.2% |
| ROA | -0.1% | -0.1% | -6.9% | -3.8% | -3.9% | -3.5% | -12.4% | -8.3% | -7.0% |
| ROIC | 1.3% | 1.3% | -4.5% | -4.6% | -5.2% | -2.2% | -6.6% | -6.9% | -4.3% |
| ROCE | 1.5% | 1.5% | -4.8% | -4.1% | -4.1% | -1.6% | -6.1% | -8.8% | -5.5% |
MEG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Montrose Environmental Group, Inc. carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (79% above the sector average of 3.2x). Net debt stands at $348M ($359M total debt minus $11M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.80 | 0.63 | 0.65 | 0.65 | 0.65 | 1.28 | 1.48 | 0.63 |
| Debt / EBITDA | 5.65 | 5.65 | 10.18 | 7.63 | 7.03 | 4.73 | 12.33 | 19.56 | 5.52 |
| Net Debt / Equity | — | 0.77 | 0.60 | 0.58 | 0.36 | 0.19 | 1.03 | 1.42 | 0.61 |
| Net Debt / EBITDA | 5.47 | 5.47 | 9.71 | 6.79 | 3.91 | 1.36 | 9.92 | 18.73 | 5.33 |
| Debt / FCF | — | 3.82 | 297.19 | 8.10 | 10.55 | 1.97 | — | 11.82 | — |
| Interest Coverage | 1.57 | 1.57 | -2.42 | -3.09 | -4.64 | -1.03 | -3.13 | -2.95 | -0.94 |
MEG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.43x means Montrose Environmental Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.59x to 1.43x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.43 | 1.43 | 1.50 | 1.59 | 2.22 | 1.99 | 1.20 | 1.00 | 1.27 |
| Quick Ratio | 1.42 | 1.42 | 1.48 | 1.56 | 2.19 | 1.97 | 1.18 | 0.97 | 1.26 |
| Cash Ratio | 0.07 | 0.07 | 0.08 | 0.18 | 0.81 | 0.99 | 0.31 | 0.09 | 0.06 |
| Asset Turnover | — | 0.85 | 0.70 | 0.76 | 0.69 | 0.66 | 0.54 | 0.70 | 0.81 |
| Inventory Turnover | 208.42 | 208.42 | 149.68 | 100.52 | 96.88 | 151.30 | 86.51 | 69.25 | 180.85 |
| Days Sales Outstanding | — | 94.14 | 110.58 | 95.91 | 99.10 | 92.96 | 103.06 | 94.80 | 94.56 |
MEG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Montrose Environmental Group, Inc. returns 15.8% to shareholders annually — split between a 0.5% dividend yield and 15.3% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.5% | 1.8% | 1.7% | 1.2% | 0.9% | 1.4% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 11.4% | 10.5% | 0.1% | 2.4% | 0.8% | 1.6% | — | — | — |
| Buyback Yield | 15.3% | 14.0% | 0.0% | 0.0% | 0.0% | 0.0% | 25.8% | — | — |
| Total Shareholder Yield | 15.8% | 14.5% | 1.8% | 1.7% | 1.2% | 0.9% | 27.2% | — | — |
| Shares Outstanding | — | $35M | $33M | $30M | $30M | $27M | $16M | $25M | $21M |
Peer Comparison
Compare MEG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MEGYou | $798M | -157.6 | 18.0 | 8.8 | 34.1% | 1.5% | -0.2% | 1.3% | 5.7 |
 CLH | $15B | 39.6 | 16.0 | 34.8 | 29.5% | 11.2% | 14.7% | 9.8% | 3.1 |
 ECVT | $2B | -24.1 | 14.0 | 23.2 | 21.9% | 9.0% | -10.9% | 4.2% | 3.2 |
 TRC | $533M | 7042.9 | — | — | 12.3% | -16.0% | 0.0% | -1.1% | — |
 PESI | $218M | -15.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 CWST | $5B | 704.8 | 15.6 | 62.5 | 17.1% | 4.9% | 0.5% | 2.6% | 3.0 |
 ERII | $613M | 27.6 | 20.3 | 35.2 | 65.2% | 18.2% | 11.0% | 10.3% | 0.3 |
 WM | $89B | 32.9 | 14.9 | 31.6 | 29.1% | 18.3% | 29.7% | 10.7% | 3.1 |
 RSG | $62B | 29.2 | 11.9 | 25.7 | 30.3% | 20.0% | 18.3% | 13.5% | 0.1 |
 GFL | $13B | 4.9 | 15.0 | 98.0 | 20.7% | 5.2% | 52.1% | 1.6% | 4.8 |
 XYL | $28B | 30.3 | 15.9 | 31.0 | 38.5% | 13.5% | 8.5% | 7.6% | 1.1 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonMEG — Frequently Asked Questions
Quick answers to the most common questions about buying MEG stock.
What is Montrose Environmental Group, Inc.'s P/E ratio?
Montrose Environmental Group, Inc.'s current P/E ratio is -157.6x. This places it at the 50th percentile of its historical range.
What is Montrose Environmental Group, Inc.'s EV/EBITDA?
Montrose Environmental Group, Inc.'s current EV/EBITDA is 18.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.8x.
What is Montrose Environmental Group, Inc.'s ROE?
Montrose Environmental Group, Inc.'s return on equity (ROE) is -0.2%. The historical average is -16.4%.
Is MEG stock overvalued?
Based on historical data, Montrose Environmental Group, Inc. is trading at a P/E of -157.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Montrose Environmental Group, Inc.'s dividend yield?
Montrose Environmental Group, Inc.'s current dividend yield is 0.54%.
What are Montrose Environmental Group, Inc.'s profit margins?
Montrose Environmental Group, Inc. has 34.1% gross margin and 1.5% operating margin.
How much debt does Montrose Environmental Group, Inc. have?
Montrose Environmental Group, Inc.'s Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.