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Montrose Environmental Group, Inc. (MEG) Stock Fundamental Analysis & AI Rating 2026

MEG NYSE Services-Management Consulting Services DE CIK: 0001643615
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Rating
SELL
70% Confidence
N/A
SELL
70% Conf
Pending
Analysis scheduled

📊 MEG Key Takeaways

Revenue: $168.5M
Net Margin: -7.5%
Free Cash Flow: $-17.3M
Current Ratio: 1.84x
Debt/Equity: 0.70x
EPS: $-0.35
AI Rating: SELL with 70% confidence
Montrose Environmental Group, Inc. (MEG) receives a SELL rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $168.5M, net profit margin of -7.5%, and return on equity (ROE) of -2.9%, Montrose Environmental Group, Inc. demonstrates mixed fundamentals in the Services sector. Below is our complete MEG stock analysis for 2026.

Is Montrose Environmental Group, Inc. (MEG) a Good Investment?

Claude

Despite extraordinary 4344% revenue growth, Onterris remains deeply unprofitable with negative operating cash flow of -11.6M on 168.5M revenue, indicating poor unit economics or failed integration of recent acquisition. Critical liquidity concern: only 10.0M cash against 310.1M long-term debt and -17.3M free cash flow burn, leaving minimal financial flexibility.

Why Buy Montrose Environmental Group, Inc. Stock? MEG Key Strengths

Claude
  • + Exceptional top-line revenue growth of 4344% YoY suggests successful business expansion or acquisition
  • + Net loss improving 83.1% YoY and EPS improving 93.7% YoY show management progress toward profitability
  • + Current ratio of 1.84x demonstrates reasonable short-term liquidity coverage
  • + Debt-to-equity ratio of 0.70x is moderate within capital structure

MEG Stock Risks: Montrose Environmental Group, Inc. Investment Risks

Claude
  • ! Massive revenue growth not translating to profitability: -3.6% operating margin and -7.5% net margin are unsustainable
  • ! Critical cash crisis: only 10.0M liquidity against 310.1M debt while burning -17.3M free cash flow annually
  • ! Negative operating cash flow of -11.6M despite 168.5M revenue indicates fundamental business model issues or failed acquisition integration
  • ! Management consulting firm should generate positive margins; this negative performance suggests operational distress
  • ! Negative ROE (-2.9%) and ROA (-1.3%) indicate shareholder value destruction

Key Metrics to Watch

Claude
  • * Operating cash flow trending to positive; must reach break-even within 2-3 quarters
  • * Cash position and burn rate; any decline below 8-10M signals liquidity crisis
  • * Path to operating profitability; current -3.6% margin must improve to +5-10% given business model
  • * Debt refinancing needs and covenant compliance given limited cash generation

Montrose Environmental Group, Inc. (MEG) Financial Metrics & Key Ratios

Revenue
$168.5M
Net Income
$-12.7M
EPS (Diluted)
$-0.35
Free Cash Flow
$-17.3M
Total Assets
$948.0M
Cash Position
$10.0M

💡 AI Analyst Insight

Montrose Environmental Group, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

MEG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -3.6%
Net Margin -7.5%
ROE -2.9%
ROA -1.3%
FCF Margin -10.3%

MEG vs Services Sector: How Montrose Environmental Group, Inc. Compares

How Montrose Environmental Group, Inc. compares to Services sector averages

Net Margin
MEG -7.5%
vs
Sector Avg 10.0%
MEG Sector
ROE
MEG -2.9%
vs
Sector Avg 16.0%
MEG Sector
Current Ratio
MEG 1.8x
vs
Sector Avg 1.5x
MEG Sector
Debt/Equity
MEG 0.7x
vs
Sector Avg 0.7x
MEG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Montrose Environmental Group, Inc. Stock Overvalued? MEG Valuation Analysis 2026

Based on fundamental analysis, Montrose Environmental Group, Inc. shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
-2.9%
Sector avg: 16%
Net Profit Margin
-7.5%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.70x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Montrose Environmental Group, Inc. Balance Sheet: MEG Debt, Cash & Liquidity

Current Ratio
1.84x
Quick Ratio
1.84x
Debt/Equity
0.70x
Debt/Assets
53.6%
Interest Coverage
N/A
Long-term Debt
$310.1M

MEG Revenue & Earnings Growth: 5-Year Financial Trend

MEG 5-year financial data: Year 2021: Revenue $546.4M, Net Income -$23.6M, EPS N/A. Year 2022: Revenue $546.4M, Net Income -$57.9M, EPS $-6.48. Year 2023: Revenue $624.2M, Net Income -$25.3M, EPS $-1.56. Year 2024: Revenue $696.4M, Net Income -$31.8M, EPS $-1.62. Year 2025: Revenue $830.5M, Net Income -$30.9M, EPS $-1.57.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Montrose Environmental Group, Inc.'s revenue has grown significantly by 52% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.57 indicates the company is currently unprofitable.

MEG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-10.3%
Free cash flow / Revenue

MEG Quarterly Earnings & Performance

Quarterly financial performance data for Montrose Environmental Group, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $168.5M -$12.7M $-0.35
Q3 2025 $178.7M $7.4M $0.08
Q2 2025 $173.3M -$1.0M $-0.15
Q1 2025 $155.3M -$13.4M $-0.53
Q3 2024 $167.9M -$7.2M $-0.39
Q2 2024 $159.1M -$7.2M $-0.38
Q1 2024 $131.4M -$13.4M $-0.53
Q3 2023 $130.3M -$5.7M $-0.33

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Montrose Environmental Group, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$11.6M
Cash generated from operations
Stock Buybacks
$10.0M
Shares repurchased (TTM)
Capital Expenditures
$5.7M
Investment in assets
Dividends
None
No dividend program

MEG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Montrose Environmental Group, Inc. (CIK: 0001643615)

📋 Recent SEC Filings

Date Form Document Action
May 12, 2026 4 xslF345X06/ownership.xml View →
May 12, 2026 4 xslF345X06/ownership.xml View →
May 11, 2026 8-K ont-20260506.htm View →
May 7, 2026 10-Q ont-20260331.htm View →
May 6, 2026 8-K ont-20260506.htm View →

Frequently Asked Questions about MEG

What is the AI rating for MEG?

Montrose Environmental Group, Inc. (MEG) has an AI rating of SELL with 70% confidence, based on fundamental analysis of SEC EDGAR filings.

What are MEG's key strengths?

Claude: Exceptional top-line revenue growth of 4344% YoY suggests successful business expansion or acquisition. Net loss improving 83.1% YoY and EPS improving 93.7% YoY show management progress toward profitability.

What are the risks of investing in MEG?

Claude: Massive revenue growth not translating to profitability: -3.6% operating margin and -7.5% net margin are unsustainable. Critical cash crisis: only 10.0M liquidity against 310.1M debt while burning -17.3M free cash flow annually.

What is MEG's revenue and growth?

Montrose Environmental Group, Inc. reported revenue of $168.5M.

Does MEG pay dividends?

Montrose Environmental Group, Inc. does not currently pay dividends.

Where can I find MEG SEC filings?

Official SEC filings for Montrose Environmental Group, Inc. (CIK: 0001643615) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MEG's EPS?

Montrose Environmental Group, Inc. has a diluted EPS of $-0.35.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MEG a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Montrose Environmental Group, Inc. has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MEG stock overvalued or undervalued?

Valuation metrics for MEG: ROE of -2.9% (sector avg: 16%), net margin of -7.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy MEG stock in 2026?

Our dual AI analysis gives Montrose Environmental Group, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MEG's free cash flow?

Montrose Environmental Group, Inc.'s operating cash flow is $-11.6M, with capital expenditures of $5.7M. FCF margin is -10.3%.

How does MEG compare to other Services stocks?

Vs Services sector averages: Net margin -7.5% (avg: 10%), ROE -2.9% (avg: 16%), current ratio 1.84 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI