Montrose Environmental Group (Montrose Environmental Group) EBIT : $-24.0 Mil (TTM As of Dec. 2023)

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What is Montrose Environmental Group EBIT?

Montrose Environmental Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-3.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-24.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Montrose Environmental Group's annualized ROC % for the quarter that ended in Dec. 2023 was -1.37%. Montrose Environmental Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Montrose Environmental Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.38%.

Montrose Environmental Group EBIT Historical Data

The historical data trend for Montrose Environmental Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Montrose Environmental Group EBIT Chart

Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-19.92

-43.28

-12.00

-24.33

-24.05

Montrose Environmental Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-9.23	-11.81	-5.15	-4.11	-2.98

Competitive Comparison of Montrose Environmental Group's EBIT

For the Waste Management subindustry, Montrose Environmental Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Montrose Environmental Group's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Montrose Environmental Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Montrose Environmental Group's EV-to-EBIT falls into.

Montrose Environmental Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.0 Mil.

Montrose Environmental Group (NYSE:MEG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Montrose Environmental Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-36.964 * ( 1 - 72.62% )	/	( (744.023	+	730.227)	/ 2 )
=	-10.1207432	/	737.125
=	-1.37 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	836.108	-	68.901	-	( 23.184	-	max(0, 134.829	-	213.059	+	23.184	))
=	744.023

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	816.786	-	63.319	-	( 23.24	-	max(0, 126.287	-	200.924	+	23.24	))
=	730.227

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Montrose Environmental Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.908	/	( ( (106.397 + max(25.877, 0))	+	(102.333 + max(27.856, 0)) )	/	2 )
=	-11.908	/	( ( 132.274	+	130.189 )	/	2 )
=	-11.908	/	131.2315
=	-9.07 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(117.375	+	5.035	+	8.802)	-	(68.901	+	12.398	+	24.036)
=	25.877

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(112.36	+	3.819	+	9.849)	-	(63.319	+	8.132	+	26.721)
=	27.856

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Montrose Environmental Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-24.046	/	1742.608
	=	-1.38 %

Montrose Environmental Group EBIT Related Terms

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Montrose Environmental Group (Montrose Environmental Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Montrose Environmental Group Inc (NYSE:MEG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

5MO:Germany

Address

5120 Northshore Drive, North Little Rock, AR, USA, 72118

Website

https://www.montrose-env.com

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminants from soil or create biogas from food or agricultural waste.

Executives

Allan Dicks	officer: Chief Financial Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Janet Risi Field	director	9200 SOUTH DADELAND BOULEVARD, SUITE 800, MIAMI FL 33156
Fernandez De Castro Jose Miguel	director	TURBOCHEF TECHNOLOGIES, INC., SIX CONCOURSE PARKWAY, SUITE 1900, ATLANTA GA 30328
James K Price	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
J Thomas Presby	director	198 KEELER ROAD, BRIDGEWATER CT 06752
Richard E Perlman	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
Nasym Afsari	officer: General Counsel and Secretary	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Vijay Manthripragada	director, officer: See Remarks	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Joshua W. Lemaire	officer: Chief Operating Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Partners Ltd	10 percent owner	181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Oaktree Holdings, Ltd.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Ii Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Jose Revuelta	officer: Chief Strategy Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614