Montrose Environmental Group (Montrose Environmental Group) Gross Profit

: $240.3 Mil (TTM As of Dec. 2023)

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Montrose Environmental Group's gross profit for the three months ended in Dec. 2023 was $63.8 Mil. Montrose Environmental Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $240.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Montrose Environmental Group's gross profit for the three months ended in Dec. 2023 was $63.8 Mil. Montrose Environmental Group's Revenue for the three months ended in Dec. 2023 was $165.7 Mil. Therefore, Montrose Environmental Group's Gross Margin % for the quarter that ended in Dec. 2023 was 38.51%.

Montrose Environmental Group had a gross margin of 38.51% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of Montrose Environmental Group was 38.50%. The lowest was 28.64%. And the median was 33.41%.

Montrose Environmental Group Gross Profit Historical Data

The historical data trend for Montrose Environmental Group's Gross Profit 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.

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Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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69.87

112.75

177.39

192.53

240.31

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
Gross Profit	Get a 7-Day Free Trial															48.68	49.80	60.91	65.78	63.82

Competitive Comparison

For the Waste Management subindustry, Montrose Environmental Group's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution

For the Waste Management industry and Industrials sector, Montrose Environmental Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Montrose Environmental Group's Gross Profit falls into.

Montrose Environmental Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Montrose Environmental Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	624.208	-	383.903
	=	240.3

Montrose Environmental Group's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	165.742	-	101.919
	=	63.8

Gross Profit 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 $240.3 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Montrose Environmental Group's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	63.8	/	165.742
	=	38.51 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Montrose Environmental Group (NYSE:MEG) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Montrose Environmental Group had a gross margin of 38.51% for the quarter that ended in Dec. 2023 => Competition eroding margins

Montrose Environmental Group Gross Profit 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 » Gross Profit

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