--- title: "Montrose Environmental | 8-K: FY2025 Revenue Beats Estimate at USD 830.54 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276943098.md" datetime: "2026-02-25T21:40:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276943098.md) - [en](https://longbridge.com/en/news/276943098.md) - [zh-HK](https://longbridge.com/zh-HK/news/276943098.md) --- # Montrose Environmental | 8-K: FY2025 Revenue Beats Estimate at USD 830.54 M Revenue: As of FY2025, the actual value is USD 830.54 M, beating the estimate of USD 823.54 M. EPS: As of FY2025, the actual value is USD -0.14, missing the estimate of USD -0.07. EBIT: As of FY2025, the actual value is USD 30.79 M. ### Full-Year 2025 Financial Highlights Montrose Environmental Group, Inc. reported a revenue of $830.5 million, marking a 19.3% increase and a $134.1 million rise compared to full-year 2024 . The company’s net loss significantly improved to - $0.8 million, or - $0.14 per diluted share, from - $62.3 million, or - $2.22 per diluted share, in the prior year . Adjusted Net Income was $60.7 million, an increase from $55.8 million in the previous year . Consolidated Adjusted EBITDA grew by 21.3% to $116.2 million, a $20.4 million increase, representing 14.0% of revenue . The company generated $107.5 million in operating cash flow and $87.0 million in Free cash flow . The leverage ratio stood at 2.5x as of December 31, 2025, following the full redemption of $122.2 million of Series A-2 Preferred Stock . ### Fourth Quarter 2025 Financial Highlights Revenue for the fourth quarter of 2025 was $193.3 million, an increase of $4.2 million or 2.2% from $189.1 million in the prior-year quarter, primarily driven by $9.1 million in organic revenue growth . Environmental emergency response revenue was $3.1 million, down from $7.5 million in the prior-year quarter . Net loss improved to - $8.2 million, or - $0.23 per diluted share, compared to a net loss of - $28.2 million, or - $0.90 per diluted share, in the prior-year quarter . Adjusted Net Income was $13.5 million, a decrease from $14.7 million in the prior-year quarter . Consolidated Adjusted EBITDA for the quarter was $23.9 million, or 12.4% of revenue, down from $27.2 million, or 14.4% of revenue, in the prior-year quarter . ### Segment Revenue (Full-Year 2025 vs. 2024) - **Assessment, Permitting and Response:** Revenue increased to $307.4 million in 2025 from $214.9 million in 2024 . - **Measurement and Analysis:** Revenue increased to $245.9 million in 2025 from $224.4 million in 2024 . - **Remediation and Reuse:** Revenue increased to $277.3 million in 2025 from $257.2 million in 2024 . - **Total Reportable Segments:** Total segment revenue was $830.5 million in 2025, up from $696.4 million in 2024 . ### Operational Metrics (Full-Year 2025 vs. 2024) - **Income from operations:** Increased by $48.4 million in 2025 . - **Net loss:** - $0.8 million in 2025, compared to - $62.3 million in 2024 . - **Adjusted Net Income:** $60.7 million in 2025, compared to $55.8 million in 2024 . - **Consolidated Adjusted EBITDA:** $116.2 million in 2025, compared to $95.8 million in 2024 . ### Cash Flow and Liquidity (Full-Year 2025 vs. 2024) Net cash provided by operating activities for 2025 was $107.5 million, a significant improvement from $22.2 million in the prior year . Free cash flow generation was $87.0 million in 2025 . As of December 31, 2025, Montrose Environmental Group, Inc. had $225.4 million of available liquidity, including $11.2 million in cash and $214.2 million of availability on its revolving line of credit . ### 2026 Outlook and Guidance Montrose Environmental Group, Inc. anticipates 2026 Consolidated Adjusted EBITDA to be between $125.0 million and $130.0 million, representing approximately 10% growth at the midpoint, with Consolidated Adjusted EBITDA as a percentage of revenue projected at approximately 15% . The company expects 2026 revenue to range from $840.0 million to $900.0 million, including $50.0 million to $70.0 million in emergency response revenue and approximately 8% organic growth at the midpoint . Montrose Environmental Group, Inc. also plans to restart smaller, highly accretive acquisitions and aims to convert at least 60% of its annual Consolidated Adjusted EBITDA to operating cash flow in 2026 . ### Related Stocks - [MEG.US](https://longbridge.com/en/quote/MEG.US.md) - [ONT.US](https://longbridge.com/en/quote/ONT.US.md) ## Related News & Research - [Onterris wins over $9 million in new project awards from global energy client](https://longbridge.com/en/news/295803401.md) - [Onterris Announces More Than $9 Million in New Project Awards From Long-Standing Global Energy Client | ONT Stock News](https://longbridge.com/en/news/295804353.md) - [Onterris Q2 revenue misses estimates, cuts 2026 outlook](https://longbridge.com/en/news/295007315.md) - [Onterris wins A$6 million multi-year environmental services contract for Queensland mining project](https://longbridge.com/en/news/291149736.md) - [Onterris Insider Moves: Director Makes Bold New Share Purchase](https://longbridge.com/en/news/288942072.md)