MEG

Industrials

Montrose Environmental Group, Inc. · Waste Management · $570M

UQS Score — Balanced Preset
25.5
Poor

Montrose Environmental Group, Inc. scores 25.5/100 using the Balanced preset.

UQS vs Industrials Sector
MEG
25.5
Sector avg
42.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Weak
Valuation
Good

What is Montrose Environmental Group, Inc.?

Montrose Environmental Group is a U.S.-based environmental services company offering assessment, measurement, and remediation solutions across a wide range of industries. Headquartered in North Little Rock, the company went public in 2020 and has expanded through acquisitions.

Montrose generates revenue across three segments. Its Assessment, Permitting and Response segment provides scientific consulting and regulatory compliance support. The Measurement and Analysis segment tests air, water, and soil for contaminants. The Remediation and Reuse segment delivers engineering services to treat contaminated water, remediate soil, and convert waste into biogas. Clients span technology, energy, chemical, utility, and industrial sectors facing growing environmental regulatory pressure.

Montrose Environmental Group was established in 2020 and is headquartered in North Little Rock, Arkansas.

  • Environmental assessment and permitting consulting
  • Air, water, and soil contaminant testing and analysis
  • Contaminated water treatment and soil remediation
  • Biogas and waste-to-energy engineering services
  • Regulatory compliance and toxicology advisory

Is MEG a Good Stock to Buy?

UQS Score rates MEG as Below Average overall, reflecting a mixed profile where strong growth is offset by notable weaknesses elsewhere.

The Growth pillar stands out as MEG's clearest strength, suggesting expansion at a pace that outpaces many sector peers — driven by both organic demand for environmental services and an acquisition-led strategy.

The Quality, Moat, and Risk pillars all register as Weak, pointing to concerns around earnings durability, competitive differentiation, and balance sheet risk that investors should weigh carefully.

Sign up to see the full pillar breakdown and the underlying financial metrics driving MEG's UQS Score. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does MEG pay dividends?

No — Montrose Environmental Group, Inc. does not currently pay a dividend.

Montrose Environmental Group does not currently pay a dividend. As a growth-oriented small-cap, capital is directed toward expanding service capabilities and geographic reach rather than returning cash to shareholders. Investors seeking income from this position would need to look elsewhere.

When does MEG report earnings?

Montrose Environmental Group reports earnings on a quarterly cadence, consistent with standard practice for U.S.-listed equities.

MEG's Growth pillar signals above-average revenue expansion relative to sector peers, though profitability metrics remain a concern reflected in the Weak Quality pillar. The gap between top-line growth and bottom-line strength is a key dynamic to monitor.

For the most recent quarterly results and guidance, visit Montrose Environmental Group's investor relations page directly.

MEG Price History

-75.8% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Montrose Environmental Group, Inc.?

$
Today it would be worth
$3,330
That's a -66.7% total return, or -19.7% annualized.

Based on Montrose Environmental Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

MEG Long-term Outlook

MEG's fundamental outlook is shaped by a Strong Growth pillar paired with Weak Quality and Risk ratings. The environmental services sector benefits from long-term regulatory tailwinds — stricter emissions standards, PFAS remediation mandates, and infrastructure investment — which support demand. However, the Weak Risk profile suggests execution or leverage risks that could temper the growth story. The Good Valuation pillar indicates the market may not yet be fully pricing in the growth trajectory.

Growth drivers

  • Rising regulatory requirements around environmental remediation and emissions monitoring
  • Growing PFAS and contaminated water treatment demand across industrial clients
  • Acquisition-led scale-building in a fragmented environmental services market

Key risks

  • Weak Quality pillar signals potential margin pressure or inconsistent earnings conversion
  • Weak Risk pillar may reflect elevated debt or integration challenges from acquisitions
  • Small-cap status limits financial flexibility during economic downturns or credit tightening

MEG vs Peers

MEG competes in the environmental services space alongside a range of specialized and diversified players.

ANRG.TOSimilar UQS
Anaergia Inc.

Anaergia focuses primarily on waste-to-resource and biogas technology, making it more narrowly specialized than MEG's broader environmental services platform.

NVRIMEG scores higher
Enviri Corporation

Enviri operates across industrial and environmental solutions at a larger scale, offering a more diversified revenue base than MEG's consulting-and-remediation focus.

PESIMEG scores higher
Perma-Fix Environmental Services, Inc.

Perma-Fix specializes in nuclear and mixed waste treatment, carving out a distinct regulatory niche that differs from MEG's broader commercial and industrial client base.

Frequently Asked Questions

What does Montrose Environmental Group do?

Montrose Environmental Group provides environmental services across three segments: assessment and permitting consulting, contaminant testing of air, water, and soil, and remediation engineering for contaminated sites. The company serves clients in energy, technology, chemical, and industrial sectors that face environmental regulatory requirements.

Does MEG pay dividends?

MEG does not currently pay a dividend. The company reinvests available capital into growth initiatives and acquisitions rather than distributing cash to shareholders. Investors focused on income may find this stock less suitable for that purpose.

When does MEG report earnings?

Montrose Environmental Group reports on a quarterly cadence, as is standard for U.S.-listed companies. For exact dates and the most recent results, check the investor relations section of the company's official website.

Is MEG a good stock to buy?

UQS Score rates MEG as Below Average overall. While the Growth pillar is Strong, the Quality, Moat, and Risk pillars are all Weak. This combination suggests the company is expanding but faces real questions around profitability durability and competitive positioning. The full pillar breakdown is available to Pro members.

Is MEG overvalued?

MEG's Valuation pillar rates as Good, suggesting the stock is not obviously overpriced relative to its fundamentals within the UQS framework. However, valuation should always be considered alongside the Quality and Risk profiles, both of which are Weak for MEG.

How does MEG compare to its competitors?

MEG operates a broader environmental services platform than more specialized peers like Perma-Fix or Anaergia. Compared to larger players like Enviri, MEG is smaller in scale but more focused on consulting, testing, and remediation services for commercial and industrial clients.

What is MEG's market cap bracket?

Montrose Environmental Group is classified as a small-cap company. This means it carries both the growth potential and the elevated volatility and liquidity risks typically associated with smaller publicly traded firms.

Who founded Montrose Environmental Group?

Montrose Environmental Group's founding history and leadership background are publicly available through the company's official website and SEC filings, which provide the most accurate and current information on its origins.

Is MEG a long-term quality investment?

As a long-term quality indicator, MEG's UQS profile presents a mixed picture. The Strong Growth pillar is encouraging, but Weak scores across Quality, Moat, and Risk suggest the business has not yet demonstrated the durability and competitive insulation that typically characterize high-quality long-term holdings. Pro members can view the complete analysis.

What is the main competitive advantage of Montrose Environmental Group?

MEG's breadth across assessment, testing, and remediation gives it a cross-selling advantage with clients who need multiple environmental services. However, the Weak Moat pillar in the UQS framework suggests this advantage is not yet strongly defensible relative to sector peers.

What sector does MEG belong to?

Montrose Environmental Group is classified in the Industrials sector, specifically within environmental services. The company benefits from regulatory-driven demand, which tends to provide a degree of revenue stability even during broader economic slowdowns.

Is MEG a growth stock or value stock?

Based on the UQS pillar profile, MEG leans toward the growth side — the Growth pillar is rated Strong while the Valuation pillar is rated Good, suggesting the stock is not deeply discounted but is priced with growth expectations in mind rather than as a classic value play.

Unlock Full MEG Analysis

Sign in to unlock the detailed analysis behind the UQS Score.

  • ✓See the exact UQS Score and all five pillar ratings
  • ✓Access full financial metrics behind each pillar
  • ✓Compare MEG against sector peers on quality and growth
  • ✓View the complete Risk and Moat breakdown
  • ✓Track score changes as new earnings data arrives
  • ✓Explore curated screens filtering for quality and value
Analyze MEG in Detail →

Pro Analysis

MEG — Score History

2025303540455055Jul 11Jul 29Aug 16Sep 3Sep 21Oct 8
Score changes· 12 most recent
DateUQSQualityMoatGrowthRiskValueChange
Aug 13, 202625.527.425.00.016.566.1-22.0
Jul 30, 202647.536.525.084.228.173.4+0.1
Jul 25, 202647.436.525.084.228.173.3-0.1
Jul 24, 202647.536.525.084.228.173.4+0.1
Jul 23, 202647.436.525.084.228.173.3-0.1
Jul 21, 202647.536.525.084.228.173.30.0
Jul 17, 202647.536.525.084.228.173.5+0.1
Jul 16, 202647.436.525.084.228.173.3-0.2
Jul 15, 202647.636.425.084.228.174.3-0.5
Jul 14, 202648.136.425.084.232.074.40.0

MEG — Pillar Breakdown

◆

Quality

— 27.4/100 (25%)

Montrose Environmental Group, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Cash GenerationStrong

Free cash flow relative to market value.

▲

Growth

— 0.0/100 (20%)

Montrose Environmental Group, Inc. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

◈

Risk

— 16.5/100 (15%)

Montrose Environmental Group, Inc. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

●

Valuation

— 66.5/100 (15%)

Montrose Environmental Group, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

⬡

Moat

— 25/100 (25%)

Montrose Environmental Group, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MEG.

Score Composition

Quality
27.4×25%6.8
Growth
0.0×20%0.0
Risk
16.5×15%2.5
Valuation
66.5×15%10.0
Moat
25.0×25%6.3
Total
25.5Poor

Financial Data

More Stock Analysis

How is the MEG UQS Score Calculated?

The UQS (Unified Quality Score) for Montrose Environmental Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Montrose Environmental Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Montrose Environmental Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.