10-Q · November 5, 2025
ONT's 10-Q for Q3 2025 reflects a strong revenue increase driven by significant organic growth across all segments. The company reported a net income of $8.4 million in Q3 2025, a substantial recovery from a loss of…
Earnings analysis · 10-K
ONT earnings analysis
Filed February 26, 2026 · Our reading of the company's report
The latest report
Montrose Environmental Group, Inc. reported a 19.3% increase in revenues to $830.5 million for the year ended December 31, 2025, driven mainly by organic growth of 12.7% and increased emergency response revenues.…
Read full summary
Montrose Environmental Group, Inc. reported a 19.3% increase in revenues to $830.5 million for the year ended December 31, 2025, driven mainly by organic growth of 12.7% and increased emergency response revenues. Despite the growth, the company reported a net loss of $843,000, an improvement from a loss of $62.3 million in the previous year, highlighting significantly reduced operational losses. The company remains focused on strategic acquisitions and improving its operational efficiency to offset risks associated with economic volatility and competition.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.14
- Segment
- Assessment, Permitting and Response
- Segment
- Measurement and Analysis
- Segment
- Remediation and Reuse
What stood out
-
Significant Revenue Growth
Revenues grew by 19.3% to $830.5 million in 2025, driven by strong organic growth of 12.7%.
-
Reduced Net Loss
The company reduced its net loss to $843,000 from a loss of $62.3 million in 2024.
-
Emerging Service Demand
Environmental emergency response revenues rose to $77 million, up from $48 million in 2024.
-
Segment Performance
The Assessment, Permitting and Response segment saw revenue increase by 43.1% to $307.4 million.
-
Increased Operating Cash Flow
Net cash provided by operating activities jumped to $107.5 million in 2025 from $22.2 million in 2024.
-
Improved Debt Position
Total debt net of deferred debt issuance costs was $288.3 million, reflecting new financing under the 2025 Credit Facility.
What to watch
-
Economic Volatility
The business remains vulnerable to global economic pressures, including inflation and interest rates, which could affect demand for services.
-
Competitive Pressures
Intense competition in environmental consulting could affect pricing power, with competitors possibly offering lower prices.
-
Dependency on Government Contracts
Approximately 8.9% of revenues are from government clients, which could be impacted by changes in appropriation or fiscal policies.
Management's outlook
Annual outlook deferred to earnings press release / call.
Earlier filings 3
10-Q · August 7, 2025
Montrose Environmental Group, Inc. showed significant revenue growth in Q2 2025, with total revenue increasing 35.3% year-over-year to $234.5 million. The improved financial performance, driven by emergency response…
10-Q · May 8, 2025
Montrose Environmental Group reported a 14.5% year-over-year increase in revenue to $177.8 million for the quarter ending March 31, 2025, primarily driven by growth in the Remediation and Reuse and Measurement and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.