Montrose Environmental (MEG)
Market Price (3/18/2026): $22.16 | Market Cap: $786.0 MilSector: Industrials | Industry: Environmental & Facilities Services
Montrose Environmental (MEG)
Market Price (3/18/2026): $22.16Market Cap: $786.0 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19% | Weak multi-year price returns2Y Excs Rtn is -73%, 3Y Excs Rtn is -104% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% | Key risksMEG key risks include [1] vulnerability to regulatory changes and perceptions of reduced environmental enforcement impacting its U.S.-centric business, Show more. | |
| Attractive yieldFCF Yield is 11% | ||
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldFCF Yield is 11% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -73%, 3Y Excs Rtn is -104% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% |
| Key risksMEG key risks include [1] vulnerability to regulatory changes and perceptions of reduced environmental enforcement impacting its U.S.-centric business, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Montrose Environmental (MEG) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Fourth-quarter 2025 Margin Compression and Renewables Wind-down Impact.
Despite Montrose Environmental Group exceeding analyst estimates for Q4 2025, reporting $0.35 earnings per share against a $0.24 consensus and $193.27 million in revenue against a $186.24 million expectation, the company experienced a decline in its Consolidated Adjusted EBITDA margin to 12.4% from 14.4% in the prior year quarter. This margin contraction was primarily attributed to lower operating margins within its Measurement and Analysis and Remediation and Reuse segments, coupled with expenses incurred from the strategic wind-down of its renewables business.
2. Cautious Q1 2026 Outlook and Earnings Volatility.
Management's forward-looking statements tempered investor enthusiasm for Montrose Environmental Group, as they indicated that the first quarter of 2026 is anticipated to be "lighter" in terms of revenue. This softer outlook was attributed to expected lower emergency response revenues and project timing. The company's reliance on episodic emergency response work introduces a degree of earnings volatility, which analysts perceive as a key risk to its sustained growth narrative.
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1. Fourth-quarter 2025 Margin Compression and Renewables Wind-down Impact.
Despite Montrose Environmental Group exceeding analyst estimates for Q4 2025, reporting $0.35 earnings per share against a $0.24 consensus and $193.27 million in revenue against a $186.24 million expectation, the company experienced a decline in its Consolidated Adjusted EBITDA margin to 12.4% from 14.4% in the prior year quarter. This margin contraction was primarily attributed to lower operating margins within its Measurement and Analysis and Remediation and Reuse segments, coupled with expenses incurred from the strategic wind-down of its renewables business.
2. Cautious Q1 2026 Outlook and Earnings Volatility.
Management's forward-looking statements tempered investor enthusiasm for Montrose Environmental Group, as they indicated that the first quarter of 2026 is anticipated to be "lighter" in terms of revenue. This softer outlook was attributed to expected lower emergency response revenues and project timing. The company's reliance on episodic emergency response work introduces a degree of earnings volatility, which analysts perceive as a key risk to its sustained growth narrative.
Show more
Stock Movement Drivers
Fundamental Drivers
The -10.8% change in MEG stock from 11/30/2025 to 3/17/2026 was primarily driven by a -10.8% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.65 | 22.88 | -10.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 826 | 831 | 0.5% |
| P/S Multiple | 1.1 | 1.0 | -10.8% |
| Shares Outstanding (Mil) | 35 | 35 | -0.5% |
| Cumulative Contribution | -10.8% |
Market Drivers
11/30/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| MEG | -10.8% | |
| Market (SPY) | -1.8% | 31.7% |
| Sector (XLI) | 8.3% | 33.0% |
Fundamental Drivers
The -26.3% change in MEG stock from 8/31/2025 to 3/17/2026 was primarily driven by a -30.3% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.06 | 22.88 | -26.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 780 | 831 | 6.5% |
| P/S Multiple | 1.4 | 1.0 | -30.3% |
| Shares Outstanding (Mil) | 35 | 35 | -0.7% |
| Cumulative Contribution | -26.3% |
Market Drivers
8/31/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| MEG | -26.3% | |
| Market (SPY) | 4.3% | 30.0% |
| Sector (XLI) | 10.0% | 37.2% |
Fundamental Drivers
The 17.8% change in MEG stock from 2/28/2025 to 3/17/2026 was primarily driven by a 23.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.43 | 22.88 | 17.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 673 | 831 | 23.4% |
| P/S Multiple | 1.0 | 1.0 | -1.1% |
| Shares Outstanding (Mil) | 34 | 35 | -3.5% |
| Cumulative Contribution | 17.8% |
Market Drivers
2/28/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| MEG | 17.8% | |
| Market (SPY) | 13.9% | 49.0% |
| Sector (XLI) | 23.4% | 49.0% |
Fundamental Drivers
The -53.0% change in MEG stock from 2/28/2023 to 3/17/2026 was primarily driven by a -62.9% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.69 | 22.88 | -53.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 549 | 831 | 51.4% |
| P/S Multiple | 2.6 | 1.0 | -62.9% |
| Shares Outstanding (Mil) | 30 | 35 | -16.3% |
| Cumulative Contribution | -53.0% |
Market Drivers
2/28/2023 to 3/17/2026| Return | Correlation | |
|---|---|---|
| MEG | -53.0% | |
| Market (SPY) | 75.6% | 33.8% |
| Sector (XLI) | 72.1% | 34.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MEG Return | 128% | -37% | -28% | -42% | 34% | -5% | -24% |
| Peers Return | 48% | -3% | 31% | 18% | -0% | 1% | 123% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 78% |
Monthly Win Rates [3] | |||||||
| MEG Win Rate | 75% | 42% | 42% | 42% | 50% | 33% | |
| Peers Win Rate | 67% | 45% | 58% | 63% | 58% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MEG Max Drawdown | 0% | -58% | -50% | -51% | -42% | -17% | |
| Peers Max Drawdown | -3% | -23% | -6% | -6% | -18% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CLH, TTEK, J, ACM, STN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/17/2026 (YTD)
How Low Can It Go
| Event | MEG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -71.5% | -25.4% |
| % Gain to Breakeven | 251.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -28.8% | -33.9% |
| % Gain to Breakeven | 40.5% | 51.3% |
| Time to Breakeven | 56 days | 148 days |
Compare to CLH, TTEK, J, ACM, STN
In The Past
Montrose Environmental's stock fell -71.5% during the 2022 Inflation Shock from a high on 11/16/2021. A -71.5% loss requires a 251.2% gain to breakeven.
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About Montrose Environmental (MEG)
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, and ecosystem and toxicological assessments and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as air, storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. It serves technology, media, chemical, energy, power and utility, industrial and manufacturing, financial, and engineering industries, as well as local, state, provincial, and federal government entities. The company was founded in 2012 and is headquartered in North Little Rock, Arkansas.
AI Analysis | Feedback
Here are 1-2 brief analogies for Montrose Environmental:
- Montrose Environmental is like SGS for environmental issues, providing comprehensive testing, consulting, and remediation services.
- Montrose Environmental is like Quest Diagnostics for the environment, not only analyzing contaminants but also advising on compliance and cleaning up pollution.
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- Environmental Consulting and Permitting: Providing scientific advisory, regulatory compliance support, toxicology consulting, and securing environmental permits for operations and projects.
- Environmental Emergency Response: Offering support, recovery, and assessment services during environmental disruptions and emergencies.
- Environmental Testing and Monitoring: Analyzing air, water, and soil for contaminants through services like source/ambient air testing, leak detection, and advanced laboratory analysis.
- Environmental Remediation: Engineering, designing, and implementing solutions to treat contaminated water and remove contaminants from soil.
- Biogas from Waste Services: Providing engineering, design, and operations for creating biogas from waste materials.
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Vijay Manthripragada President and Chief Executive Officer
Vijay Manthripragada serves as President and Chief Executive Officer of Montrose Environmental Group, Inc., having joined as President in September 2015 and becoming CEO in February 2016. Prior to Montrose, he was the Chief Executive Officer of PetCareRx, Inc., an e-commerce company in the pet health industry. He previously held a Senior Vice President position in the Investment Banking division of Goldman Sachs and was a Director at the Advisory Board Company.
Allan Dicks Chief Financial Officer
Allan Dicks is the Chief Financial Officer of Montrose Environmental Group, Inc. His prior experience includes CFO roles at several companies, such as a public Canadian healthcare company, a large privately held security services company, and divisions of Dole Food Company, Inc. and Land O' Lakes, Inc. He also served as VP Finance at HD Supply, Inc. Mr. Dicks has experience with both public and private equity-backed companies and has significant expertise with highly acquisitive companies, aligning with Montrose's strategy of numerous acquisitions.
James Laws Chief Operating Officer
James Laws was appointed as Chief Operating Officer of Montrose Environmental Group, Inc., effective January 19, 2026, bringing 25 years of experience in the environmental industry. Before joining Montrose, Mr. Laws spent nearly a decade at AECOM, most recently as Senior Vice President, where he was responsible for environmental remediation, air quality, environmental health and safety, and permitting and planning.
Jose Revuelta Chief Strategy Officer
Jose Revuelta is the Chief Strategy Officer for Montrose Environmental Group. He previously served as Chief Operating and Financial Officer at Montrose Environmental Group and held roles as Assistant Vice President at ADIC-UBS Infrastructure Fund and Analyst at UBS.
Nasym Afsari General Counsel and Secretary
AI Analysis | Feedback
Montrose Environmental Group, Inc. (MEG) faces several key risks inherent to its business model in the environmental services sector. The most significant risks include: 1. **Reliance on Complex Regulations and Cyclical End Markets:** Montrose Environmental's demand is heavily influenced by environmental regulations and the health of cyclical end markets. Changes in environmental regulations, either becoming less stringent or poorly enforced, could reduce the need for the company's assessment, permitting, measurement, and remediation services. Additionally, economic downturns affecting industries such as energy, manufacturing, and chemicals, which are key clients, could lead to decreased spending on environmental services and negatively impact Montrose's revenue. 2. **Acquisition Execution Risk:** The company has a history of growth through strategic acquisitions, having completed over 70 since its inception. While this strategy expands capabilities and market reach, it carries inherent risks. These include challenges in successfully integrating acquired businesses, the possibility that acquired companies may not perform as expected, and the risk of inaccurately assessing the value, strengths, or weaknesses of acquisition targets. Such issues could lead to increased costs and undermine financial performance. 3. **Intense Competition:** Montrose Environmental operates in a highly fragmented global environmental market. This environment is characterized by intense competition from a diverse range of service providers, from large established firms to smaller, specialized companies. This competitive landscape could put pressure on pricing, market share, and profitability.AI Analysis | Feedback
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Montrose Environmental Group (MEG) operates in three main segments, each addressing significant environmental service markets:
Assessment, Permitting and Response
This segment provides scientific advisory and consulting services. The global environmental consulting services market was valued at approximately USD 46.50 billion in 2025 and is projected to reach USD 65.72 billion by 2031, with a compound annual growth rate (CAGR) of 5.94% during the forecast period (2026-2031). Other estimates place the global market at USD 43.20 billion in 2024, growing to USD 92.85 billion by 2034 with a CAGR of 7.95% from 2025 to 2034. North America is a dominant region within this market, holding a 35.53% revenue share in 2025 and is anticipated to continue its dominance, potentially accounting for 46.5% of the market by 2035.
Measurement and Analysis
This segment focuses on testing and analyzing air, water, and soil contaminants. The global environmental testing market size was valued at USD 7.61 billion in 2025 and is projected to grow to USD 12.95 billion by 2034, exhibiting a CAGR of 6.04% during the forecast period. Another report estimates the global environmental testing market at USD 13.33 billion in 2025, anticipating growth to USD 23.73 billion by 2034 with a CAGR of 6.62% from 2026 to 2034. North America leads this market, holding a 34.55% share in 2025. In 2023, the market was valued at USD 10.7 billion and is projected to grow at a CAGR of 7.8% between 2024 and 2032, with North America accounting for over 36% of the market share.
Remediation and Reuse
This segment offers engineering, design, implementation, and operations and maintenance services for treating contaminated water, removing soil contaminants, and creating biogas from waste. The global environmental remediation market was valued at USD 130.69 billion in 2025 and is projected to reach USD 251.45 billion by 2034, growing at a CAGR of 7.64% during the forecast period. Another estimate indicates a global market size of USD 142.17 billion in 2025, expanding to approximately USD 485.47 billion by 2034, with a CAGR of 14.62% from 2025 to 2034. North America held the dominant share in 2025, valued at USD 43.49 billion, while the U.S. environmental remediation market alone is expected to reach USD 41.01 billion by 2034.
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Expected drivers of future revenue growth for Montrose Environmental (symbol: MEG) over the next 2-3 years include:
- Organic Growth Across Segments: Montrose Environmental anticipates continued robust organic revenue growth across its three operating segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The company projects approximately 8% organic growth at the midpoint for 2026.
- Strategic Acquisitions: After a temporary pause, Montrose Environmental plans to resume "smaller, bolt-on and highly accretive acquisitions" in 2026. Acquisitions are viewed as a key strategy to multiply already strong organic growth.
- Increased Demand for Specialized Environmental Services: Growth is expected from increased demand for specific services, such as water treatment within the Remediation and Reuse segment, and air quality and laboratory services in the Measurement and Analysis segment.
- Cross-Selling Initiatives: Cross-selling of services across Montrose's segments is a significant growth driver, having increased by 40% over the last four years. The Assessment, Permitting and Response segment often serves as an entry point, leading clients to engage with the company's other services.
- Environmental Emergency Response: While often episodic, environmental emergency responses have historically contributed notable incremental revenue, with a significant impact in 2025.
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Montrose Environmental (symbol: MEG) has made the following capital allocation decisions over the last 3-5 years:Share Issuance
- In October 2021, Montrose completed a follow-on equity offering which strengthened its balance sheet and reduced leverage to 0.8x.
- As of August 3, 2023, Montrose Environmental Group, Inc. had 30,154,844 shares of common stock outstanding.
- Insider transactions in January 2026 indicate ongoing share issuance, likely in the form of stock-based awards for directors.
Outbound Investments (Acquisitions)
- Montrose has a consistent strategy of strategic acquisitions, completing five acquisitions each in 2024, 2023, and 2021, and four in 2022.
- Significant acquisitions in 2024 included Origins Laboratory for environmental analytical testing, Spirit Environmental for air permitting, Engineering & Technical Associates, Inc. (ETA) for Process Safety Management, and Epic Environmental Pty Ltd, an environmental consultancy in Australia.
- Key acquisitions in 2023 included Environmental Alliance, Inc. for environmental engineering and consulting in the Mid-Atlantic region, and Matrix Solutions. In 2022, they acquired Environmental Standards, Inc. to enhance chemistry and auditing services.
Capital Expenditures
- Montrose Environmental Group continuously invests for future growth, including significant research and development.
- In 2023, the company filed for nine unique patents to address emerging market opportunities.
- The company is expanding its portfolio of PFAS treatment technologies to meet client needs related to wastewater and landfill challenges, driven by pending U.S. environmental regulations.
Latest Trefis Analyses
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Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 89.91 |
| Mkt Cap | 11.0 |
| Rev LTM | 7,088 |
| Op Inc LTM | 697 |
| FCF LTM | 557 |
| FCF 3Y Avg | 484 |
| CFO LTM | 802 |
| CFO 3Y Avg | 717 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.5% |
| Rev Chg 3Y Avg | 9.9% |
| Rev Chg Q | 3.5% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Mgn LTM | 8.0% |
| Op Mgn 3Y Avg | 7.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 10.2% |
| CFO/Rev 3Y Avg | 8.4% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.0 |
| P/S | 1.3 |
| P/EBIT | 16.8 |
| P/E | 24.3 |
| P/CFO | 16.0 |
| Total Yield | 4.2% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.6% |
| 3M Rtn | -5.8% |
| 6M Rtn | -15.3% |
| 12M Rtn | 8.5% |
| 3Y Rtn | 30.2% |
| 1M Excs Rtn | 4.3% |
| 3M Excs Rtn | -4.2% |
| 6M Excs Rtn | -16.8% |
| 12M Excs Rtn | -9.3% |
| 3Y Excs Rtn | -42.4% |
Price Behavior
Price Behavior
| Market Price | $22.88 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 07/23/2020 | |
| Distance from 52W High | -26.3% | |
| 50 Days | 200 Days | |
| DMA Price | $24.38 | $25.31 |
| DMA Trend | up | down |
| Distance from DMA | -6.1% | -9.6% |
| 3M | 1YR | |
| Volatility | 71.9% | 61.3% |
| Downside Capture | 210.15 | 157.56 |
| Upside Capture | 140.53 | 163.47 |
| Correlation (SPY) | 32.0% | 49.2% |
MEG Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.16 | 2.61 | 2.53 | 1.66 | 1.55 | 1.52 |
| Up Beta | 3.21 | 3.99 | 3.45 | 1.85 | 1.80 | 1.76 |
| Down Beta | 6.10 | 2.27 | 2.44 | 1.86 | 1.22 | 1.26 |
| Up Capture | 302% | 338% | 328% | 141% | 210% | 190% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 24 | 35 | 62 | 125 | 365 |
| Down Capture | -142% | 188% | 189% | 160% | 129% | 111% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 17 | 26 | 61 | 124 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MEG | |
|---|---|---|---|---|
| MEG | 36.2% | 61.4% | 0.73 | - |
| Sector ETF (XLI) | 28.4% | 19.1% | 1.18 | 50.0% |
| Equity (SPY) | 20.3% | 18.8% | 0.85 | 49.1% |
| Gold (GLD) | 68.2% | 26.2% | 1.97 | 3.5% |
| Commodities (DBC) | 19.1% | 17.3% | 0.89 | 21.7% |
| Real Estate (VNQ) | 7.6% | 16.1% | 0.27 | 34.3% |
| Bitcoin (BTCUSD) | -10.5% | 44.3% | -0.12 | 24.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MEG | |
|---|---|---|---|---|
| MEG | -12.1% | 63.3% | 0.05 | - |
| Sector ETF (XLI) | 13.4% | 17.1% | 0.62 | 40.1% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 41.2% |
| Gold (GLD) | 23.4% | 17.2% | 1.11 | 9.0% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 14.3% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 36.5% |
| Bitcoin (BTCUSD) | 6.1% | 56.7% | 0.33 | 20.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MEG | |
|---|---|---|---|---|
| MEG | 0.4% | 64.0% | 0.28 | - |
| Sector ETF (XLI) | 14.1% | 19.8% | 0.63 | 36.7% |
| Equity (SPY) | 14.8% | 17.9% | 0.71 | 38.8% |
| Gold (GLD) | 14.4% | 15.6% | 0.76 | 10.5% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 12.9% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 33.5% |
| Bitcoin (BTCUSD) | 68.3% | 66.8% | 1.07 | 18.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | 22.5% | 16.6% | |
| 11/4/2025 | 5.4% | -1.7% | 6.8% |
| 8/6/2025 | 8.5% | 23.4% | 34.5% |
| 5/7/2025 | 17.6% | 25.8% | 42.3% |
| 2/26/2025 | 32.6% | 14.1% | -15.0% |
| 11/6/2024 | -3.0% | -9.8% | -30.5% |
| 8/6/2024 | 0.2% | 10.9% | 5.3% |
| 2/29/2024 | 25.4% | 9.3% | 18.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 11 |
| # Negative | 7 | 5 | 9 |
| Median Positive | 8.2% | 14.8% | 18.7% |
| Median Negative | -3.0% | -9.8% | -8.4% |
| Max Positive | 32.6% | 26.6% | 42.3% |
| Max Negative | -10.8% | -24.6% | -30.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Manthripragada, Vijay | President & CEO | Direct | Sell | 11122025 | 24.74 | 44,983 | 1,112,951 | 7,834,101 | Form |
| 2 | Manthripragada, Vijay | President & CEO | Direct | Sell | 11122025 | 24.07 | 44,984 | 1,082,900 | 7,622,403 | Form |
| 3 | Colman, Vincent | Direct | Buy | 5142025 | 18.85 | 2,600 | 49,010 | 150,725 | Form | |
| 4 | Presby, J Thomas | Direct | Sell | 3042026 | 28.87 | 10,000 | 288,691 | 1,807,611 | Form | |
| 5 | Afsari, Nasym | General Counsel and Secretary | Direct | Sell | 3042026 | 30.00 | 200 | 6,000 | 6,146,340 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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