Montrose Environmental Group, Inc.

Montrose Environmental Group, Inc.verified

MEG

Price:

$37.46

Market Cap:

$1.28B

Montrose Environmental Group, Inc. operates as an environmental services company in the United States. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects. Its technical advisory and consulting services include regulatory compliance support and planning, environmental,...[Read more]

Industry

Waste Management

IPO Date

2020-07-23

Stock Exchange

NYSE

Ticker

MEG

The Current Ratio as of July 2024 (TTM) for Montrose Environmental Group, Inc. (MEG) is 1.63

According to Montrose Environmental Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.63. This represents a change of 1.65% compared to the average of 1.60 of the last 4 quarters.

Montrose Environmental Group, Inc. (MEG) Historical Current Ratio (quarterly & annually)

How has MEG Current Ratio performed in the past?

The mean historical Current Ratio of Montrose Environmental Group, Inc. over the last ten years is 1.55. The current 1.63 Current Ratio has changed 10.43% with respect to the historical average. Over the past ten years (40 quarters), MEG's Current Ratio was at its highest in in the September 2016 quarter at 8.91. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

1.55

Median

1.43

Minimum

1.00

Maximum

2.22

Montrose Environmental Group, Inc. (MEG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Montrose Environmental Group, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 65.29%

Maximum Annual Current Ratio = 2.22

Minimum Annual Increase = -28.49%

Minimum Annual Current Ratio = 1.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.59-28.49%
20222.2211.82%
20211.9965.29%
20201.2020.39%
20191.00-21.56%

Montrose Environmental Group, Inc. (MEG) Average Current Ratio

How has MEG Current Ratio performed in the past?

The current Current Ratio of Montrose Environmental Group, Inc. (MEG) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.94

5-year avg

1.60

10-year avg

1.55

Montrose Environmental Group, Inc. (MEG) Current Ratio vs. Peers

How is MEG’s Current Ratio compared to its peers?

Montrose Environmental Group, Inc.’s Current Ratio is greater than Harsco Corporation (1.26), greater than Casella Waste Systems, Inc. (1.58), greater than Stericycle, Inc. (1.09), less than Clean Harbors, Inc. (2.07), less than Heritage-Crystal Clean, Inc (1.86), greater than Waste Connections, Inc. (0.75), greater than Republic Services, Inc. (0.53),

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