Onterris (ONT)
Market Price (9/20/2026): $18.095 | Market Cap: $647.9 MilSector: Industrials | Industry: Environmental & Facilities Services
Onterris (ONT)
Market Price (9/20/2026): $18.095Market Cap: $647.9 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 8.4% | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -115% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% Weak revenue growthRev Chg QQuarterly Revenue Change % is -20% 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 -5.9% |
| Attractive yieldFCF Yield is 8.4% |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -115% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -20% |
| 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 -5.9% |
Qualitative Assessment
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Onterris (ONT) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Onterris's announcement of a board-led comprehensive strategic review on August 5, 2026, exploring potential acquisition interest and other value-creating transactions, served as a significant catalyst. This strategic move, despite a Q2 2026 earnings miss, often signals to investors the potential for enhanced shareholder value through a corporate sale or other significant restructuring.
2. The company secured substantial new contract awards, demonstrating continued business momentum. On August 13, 2026, Onterris announced over $9 million in new project awards from a long-standing global energy client. This was followed by a C$9 million (approximately USD 6.75 million) contract awarded on September 14, 2026, for environmental services on a major Canadian natural gas transmission project, with revenue generation expected through 2027. These significant wins contributed to investor confidence and future revenue outlook.
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Onterris (ONT) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Onterris's announcement of a board-led comprehensive strategic review on August 5, 2026, exploring potential acquisition interest and other value-creating transactions, served as a significant catalyst. This strategic move, despite a Q2 2026 earnings miss, often signals to investors the potential for enhanced shareholder value through a corporate sale or other significant restructuring.
2. The company secured substantial new contract awards, demonstrating continued business momentum. On August 13, 2026, Onterris announced over $9 million in new project awards from a long-standing global energy client. This was followed by a C$9 million (approximately USD 6.75 million) contract awarded on September 14, 2026, for environmental services on a major Canadian natural gas transmission project, with revenue generation expected through 2027. These significant wins contributed to investor confidence and future revenue outlook.
3. Despite a Q2 2026 revenue of $186.7 million missing analyst expectations and a lowered full-year revenue guidance, Onterris maintained its full-year operating cash flow expectations. The company projected to generate $70 million to $80 million in operating cash flow in the second half of 2026, indicating underlying financial stability and efficient operational management even with reduced revenue projections. This provided reassurance to investors about the company's financial health.
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Stock Movement Drivers
Fundamental Drivers
The 13.1% change in ONT stock from 5/31/2026 to 9/19/2026 was primarily driven by a 19.3% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.01 | 18.11 | 13.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 821 | 773 | -5.8% |
| P/S Multiple | 0.7 | 0.8 | 19.3% |
| Shares Outstanding (Mil) | 36 | 36 | 0.7% |
| Cumulative Contribution | 13.1% |
Market Drivers
5/31/2026 to 9/19/2026| Return | Correlation | |
|---|---|---|
| ONT | 13.1% | |
| Market (SPY) | 0.9% | 19.4% |
| Sector (XLI) | -2.0% | 19.0% |
Fundamental Drivers
The -38.0% change in ONT stock from 2/28/2026 to 9/19/2026 was primarily driven by a -32.8% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.22 | 18.11 | -38.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 831 | 773 | -6.9% |
| P/S Multiple | 1.2 | 0.8 | -32.8% |
| Shares Outstanding (Mil) | 35 | 36 | -0.9% |
| Cumulative Contribution | -38.0% |
Market Drivers
2/28/2026 to 9/19/2026| Return | Correlation | |
|---|---|---|
| ONT | -38.0% | |
| Market (SPY) | 11.6% | 22.9% |
| Sector (XLI) | -3.9% | 25.4% |
Fundamental Drivers
The -41.7% change in ONT stock from 8/31/2025 to 9/19/2026 was primarily driven by a -40.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.06 | 18.11 | -41.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 780 | 773 | -0.9% |
| P/S Multiple | 1.4 | 0.8 | -40.2% |
| Shares Outstanding (Mil) | 35 | 36 | -1.7% |
| Cumulative Contribution | -41.7% |
Market Drivers
8/31/2025 to 9/19/2026| Return | Correlation | |
|---|---|---|
| ONT | -41.7% | |
| Market (SPY) | 19.4% | 26.3% |
| Sector (XLI) | 12.8% | 30.1% |
Fundamental Drivers
The -52.9% change in ONT stock from 8/31/2023 to 9/19/2026 was primarily driven by a -59.3% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.44 | 18.11 | -52.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 560 | 773 | 38.0% |
| P/S Multiple | 2.1 | 0.8 | -59.3% |
| Shares Outstanding (Mil) | 30 | 36 | -16.1% |
| Cumulative Contribution | -52.9% |
Market Drivers
8/31/2023 to 9/19/2026| Return | Correlation | |
|---|---|---|
| ONT | -52.9% | |
| Market (SPY) | 75.6% | 32.6% |
| Sector (XLI) | 63.4% | 34.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ONT Return | 128% | -37% | -28% | -42% | 34% | -29% | -43% |
| Peers Return | 41% | -1% | 21% | 22% | -2% | 4% | 107% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| ONT Win Rate | 75% | 42% | 42% | 42% | 50% | 44% | |
| Peers Win Rate | 68% | 47% | 55% | 65% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ONT Max Drawdown | -23% | -58% | -59% | -69% | -55% | -50% | |
| Peers Max Drawdown | -15% | -25% | -15% | -15% | -26% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTEK, CLH, ACM, J, WM.
[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 9/18/2026 (YTD)
How Low Can It Go
| Event | ONT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.2% | -18.8% |
| % Gain to Breakeven | 69.9% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -47.0% | -9.5% |
| % Gain to Breakeven | 88.8% | 10.5% |
| Time to Breakeven | 158 days | 24 days |
In The Past
Onterris's stock fell -41.2% during the 2025 US Tariff Shock. Such a loss loss requires a 69.9% gain to breakeven.
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| Event | ONT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.2% | -18.8% |
| % Gain to Breakeven | 69.9% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -47.0% | -9.5% |
| % Gain to Breakeven | 88.8% | 10.5% |
| Time to Breakeven | 158 days | 24 days |
In The Past
Onterris's stock fell -41.2% during the 2025 US Tariff Shock. Such a loss loss requires a 69.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Onterris (ONT)
Montrose Environmental Group, Inc. (ONT) - Business Description
Montrose Environmental Group, Inc. (ONT) is a comprehensive environmental services company dedicated to helping clients navigate complex environmental challenges across various sectors. Headquartered in North Little Rock, Arkansas, the company offers a broad range of solutions structured around three key segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. Montrose aims to provide critical expertise and support for environmental compliance, risk management, and sustainable operations.
The company's core services include scientific advisory and consulting for environmental assessments, toxicology consulting, environmental emergency response, and securing necessary permits for current operations, facility upgrades, and new development projects. Montrose also specializes in precise environmental testing and analysis of air, water, and soil to determine contaminant concentrations and their toxicological impact. Furthermore, the company provides engineering, design, and implementation services for environmental remediation, such as treating contaminated water, removing soil contaminants, and creating biogas from waste streams.
Montrose serves a diverse client base spanning numerous industries, including technology, media, chemical, energy, power and utility, industrial manufacturing, and financial services. It also works extensively with local, state, provincial, and federal government entities. This broad market reach positions Montrose Environmental Group as a critical partner for both private and public sector organizations seeking specialized environmental expertise and solutions to meet regulatory demands and achieve sustainability goals.
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Analogy 1: Montrose is like a **PwC or Deloitte for environmental compliance, testing, and cleanup.**
Analogy 2: Montrose is like an **AECOM or Jacobs specialized in environmental engineering and site remediation.**
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- Environmental Consulting & Permitting: Provides scientific advisory, consulting, and permitting services for environmental assessments, regulatory compliance, and emergency response.
- Environmental Testing & Monitoring: Offers laboratory and field services to test and analyze air, water, and soil for contaminants and monitor environmental quality.
- Environmental Remediation & Reuse: Delivers engineering, design, and implementation services for treating contaminated water, removing soil contaminants, and creating biogas from waste.
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Montrose Environmental Group, Inc. (ONT) sells primarily to other companies and government entities. Based on the provided description, the company serves a diverse range of industries and governmental bodies. Specific customer company names are not detailed in the provided information; however, its major customer categories include:
- Technology industry companies
- Media industry companies
- Chemical industry companies
- Energy industry companies
- Power and utility industry companies
- Industrial and manufacturing industry companies
- Financial industry companies
- Engineering industry companies
- Local, state, provincial, and federal government entities
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Vijay Manthripragada, President & Chief Executive Officer
Vijay Manthripragada joined Montrose Environmental as President in September 2015 and has served as President and Chief Executive Officer since February 2016, also joining the Board of Directors in June 2016. Prior to Montrose, he was the Chief Executive Officer of PetCareRx, Inc., a high-growth e-commerce company in the pet health industry. Before PetCareRx, he was a Senior Vice President in the Investment Banking division of Goldman Sachs. He also held a Director role at The Advisory Board Company and was a member of Johnson & Johnson's Management Development program. Montrose Environmental Group received investment from Oaktree Capital Management in 2018, a private equity firm, during his tenure as CEO. He co-founded the White Buffalo Tiospaye, a youth shelter for Native American children in South Dakota, and helped establish the Children's Medical Foundation in Central and Eastern Europe. He holds an MBA from The Wharton School, University of Pennsylvania, and a BS from Duke University (US) and Oxford University (UK).
Allan Dicks, Chief Financial Officer and Principal Accounting Officer
Allan Dicks has served as Montrose Environmental's Chief Financial Officer since August 2016. Before joining Montrose, he was a consultant interim Chief Financial Officer and then Chief Financial Officer of Convalo Health International, Corp., a public Canadian healthcare company, from February 2015 to June 2016. He has held various finance-focused executive positions. He studied at the University of the Witwatersrand between 1990 and 1993.
James Laws, Chief Operating Officer
James Laws was appointed Chief Operating Officer in January 2026. He brings 25 years of experience in leading teams in the environmental industry. Before Montrose, he spent nearly a decade at AECOM, where he was most recently a Senior Vice President responsible for environmental remediation, air quality, environmental health and safety, permitting and planning, and large-scale federal programs. Earlier in his career, he spent 16 years at CH2M HILL (now Jacobs Solutions Inc.), where he led large federal and commercial environmental programs. He holds a B.S. in Chemical Engineering from the University of Southern California.
Jose Revuelta, Chief Strategy Officer
Jose Revuelta is the Chief Strategy Officer for Montrose Environmental Group. His previous roles include Chief Operating and Financial Officer at Montrose Environmental Group, Assistant Vice President at ADIC-UBS Infrastructure Fund, and Analyst at UBS. He attended Columbia Business School, Universidad Pontificia Comillas, and Marquette University.
Nasym Afsari, General Counsel and Secretary
Nasym Afsari serves as the General Counsel and Secretary for Montrose Environmental Group.
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Expected Drivers of Future Revenue Growth for Onterris (ONT)
- Growth Driven by Environmental Regulations (e.g., PFAS, New Reporting Rules): Montrose Environmental Group anticipates significant revenue growth from new and evolving environmental regulations. Specifically, the company expects that new rules related to PFAS (per- and polyfluoroalkyl substances) and other reporting requirements will open up an addressable market of approximately $200 billion. Demand for PFAS remediation, in particular, is expected to steadily increase across all of Montrose's segments in the coming quarters.
- Expansion of Integrated Solutions and Cross-Selling: The company's unique integrated model, which combines consulting, testing, and treatment services, is a key driver for future revenue. This approach supports scalability and provides significant cross-selling opportunities, as clients increasingly prefer comprehensive environmental science solutions. Cross-selling has already contributed to an average annual organic growth rate of 13%.
- Strategic Acquisitions: Montrose Environmental Group has a history of growth through strategic acquisitions, with 76 acquisitions completed since 2013. The company continues to pursue this strategy, with contributions from acquisitions noted as a factor in revenue increases. For example, the acquisition of Matrix Solutions in June 2023 contributed to its financial performance.
- Organic Growth in Core Segments: The company expects continued strong organic growth within its core segments, particularly in Assessment, Permitting and Response (AP&R) and Measurement and Analysis (M&A). The AP&R segment experienced a 12.2% year-over-year revenue increase in the first quarter of 2024, primarily driven by strong organic growth. Overall, Montrose saw strong organic revenue growth across most service lines in the first quarter of 2024.
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Capital Allocation Decisions for Onterris (ONT) (Last 3-5 Years)
Share Repurchases
- Montrose Environmental Group announced an inaugural stock repurchase program of up to $40.0 million in May 2025, which is currently active.
- The company recorded share repurchases of $121.83 million in 2023 and $59.92 million in 2022.
Share Issuance
- In the quarter ended March 31, 2024, 427,631 shares, totaling $8.2 million, were issued.
- The company sold 3,000,000 shares of common stock in an offering around April 2024.
- Share issuances, as part of "Issuance (Repurchase) of Capital Stock," amounted to $1.07 million in 2024 and $0.06 million in 2021.
Outbound Investments
- Montrose Environmental Group has historically pursued strategic acquisitions to enhance its capabilities and expand its geographic footprint.
- In 2024, the company acquired Epic Environmental, which broadened its presence into Australia.
- The company intends to resume smaller, bolt-on, and highly accretive acquisition activities in the latter half of 2026.
Capital Expenditures
- Capital expenditures for the trailing twelve months (TTM) were $16.32 million.
- The forecast for capital expenditures for the next fiscal year is $16 million, with an expected average of $34.311 million over the next five fiscal years.
- Capital expenditures are primarily focused on supporting organic growth, including geographic expansion and increased capacity.
Peer Outperformance in Environmental & Facilities Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| ONT | Onterris | 11.7% | -58.1x | -36.6% | -39.6% | -69.5% | — |
| WM | Waste Management | 8.7% | 237.7x | -0.8% | 38.1% | 49.6% | +119pp |
| WCN | Waste Connections | 8.4% | 37.1x | -9.9% | 12.1% | 26.1% | +96pp |
| ROL | Rollins | 11.0% | 29.4x | -40.7% | -12.7% | -6.4% | +63pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 102.1% | 183.7% | FIX 2314% · CDNL 2275% · STRL 2261% |
| Marine Transportation | 5 | 88.1% | 65.4% | 182.7% | HOS 44163% · MATX 212% · SFL 183% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 55.6% | 126.2% | CAT 362% · ALSN 258% · WAB 234% |
| Aerospace & Defense | 55 | -6.5% | 66.1% | 74.4% | ATI 1052% · FTAI 970% · HWM 653% |
| Rail Transportation | 7 | 29.3% | 56.9% | 52.8% | FSTR 147% · CSX 69% · UNP 58% |
| Trading Companies & Distributors | 19 | 4.3% | 37.5% | 50.6% | DXPE 574% · AIT 306% · URI 220% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 49.1% | 44.9% | CRS 1270% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 32.2% | 38.0% | LIME 3498% · TH 465% · WLFC 368% |
| Passenger Ground Transportation | 3 | -28.4% | 41.4% | 30.5% | UBER 77% · CAR 31% · LYFT -70% |
| Cargo Ground Transportation | 16 | 34.4% | -0.1% | 29.2% | R 247% · XPO 246% · CVLG 193% |
| Electrical Components & Equipment | 41 | 3.4% | 56.5% | 22.0% | POWL 2339% · BE 1320% · VRT 950% |
| Building Products | 33 | -14.7% | 1.5% | 19.5% | LMB 691% · GFF 386% · PPIH 296% |
| Industrial Conglomerates | 17 | 7.9% | 7.2% | 8.2% | RCMT 456% · CSW 141% · DD 74% |
| Agricultural & Farm Machinery | 17 | 6.4% | 3.2% | -2.4% | BLBD 211% · DE 115% · GENC 56% |
| Environmental & Facilities Services ← | 29 | -11.1% | 22.8% | -6.4% | CECO 939% · ADUR 385% · NVRI 370% |
| Research & Consulting Services | 13 | -12.7% | -24.6% | -9.9% | HURN 219% · CRAI 90% · GRNQ 69% |
| Data Processing & Outsourced Services | 6 | -33.4% | -15.8% | -25.2% | EXLS 46% · BR 9% · G -24% |
| Passenger Airlines | 11 | 3.2% | 13.1% | -28.8% | LTM 3169% · UAL 140% · SKYW 106% |
| Office Services & Supplies | 9 | 7.4% | 15.2% | -31.0% | PBI 198% · TILE 148% · HNI 50% |
| Human Resource & Employment Services | 22 | 6.5% | -18.0% | -36.6% | BBSI 88% · ADP 53% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -20.7% | -37.8% | CHRW 98% · FDX 67% · EXPD 67% |
| Security & Alarm Services | 10 | -37.7% | 19.7% | -45.5% | CIX 160% · MG 123% · NL 67% |
| Airport Services | 3 | -75.1% | -78.9% | -58.8% | JOBY -33% · ASLE -59% · UP -100% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 102.70 |
| Mkt Cap | 12.9 |
| Rev LTM | 10,231 |
| Op Inc LTM | 683 |
| FCF LTM | 503 |
| FCF 3Y Avg | 512 |
| CFO LTM | 652 |
| CFO 3Y Avg | 736 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.1% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | -0.3% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Inc Chg LTM | 6.3% |
| Op Inc Chg 3Y Avg | 13.6% |
| Op Mgn LTM | 8.2% |
| Op Mgn 3Y Avg | 8.2% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 10.4% |
| CFO/Rev 3Y Avg | 8.5% |
| FCF/Rev LTM | 7.2% |
| FCF/Rev 3Y Avg | 6.5% |
Price Behavior
| Market Price | $18.11 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 07/23/2020 | |
| Distance from 52W High | -39.5% | |
| 50 Days | 200 Days | |
| DMA Price | $18.31 | $21.06 |
| DMA Trend | down | down |
| Distance from DMA | -1.1% | -14.0% |
| 3M | 1YR | |
| Volatility | 95.7% | 70.1% |
| Downside Capture | 377.11 | 256.35 |
| Upside Capture | 370.72 | 160.16 |
| Correlation (SPY) | 24.9% | 26.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 5.79 | 3.42 | 1.36 | 1.33 | 1.46 | 1.52 |
| Up Beta | 0.49 | -0.24 | -0.49 | 0.20 | 0.78 | 1.63 |
| Down Beta | -0.70 | 0.21 | -0.53 | -0.33 | 0.77 | 0.96 |
| Up Capture | 783% | 586% | 371% | 176% | 178% | 315% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 21 | 36 | 61 | 123 | 363 |
| Down Capture | 1297% | 577% | 247% | 236% | 171% | 112% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 20 | 27 | 64 | 125 | 381 |
[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 ONT | |
|---|---|---|---|---|
| ONT | -38.4% | 69.9% | -0.38 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 29.6% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 26.6% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 7.9% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -19.1% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 21.7% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 9.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONT | |
|---|---|---|---|---|
| ONT | -20.6% | 65.7% | -0.08 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 38.8% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 40.0% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 8.3% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 6.4% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 36.6% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 21.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONT | |
|---|---|---|---|---|
| ONT | -1.9% | 65.4% | 0.23 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 35.5% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 37.2% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 10.0% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 7.7% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 32.7% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 17.5% |
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Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -33.3% | -27.5% | -22.3% |
| 5/6/2026 | -20.7% | -29.4% | -22.0% |
| 2/25/2026 | 22.5% | 16.6% | -4.3% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 11 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 8.2% | 14.8% | 18.7% |
| Median Negative | -7.4% | -9.8% | -8.0% |
| Max Positive | 32.6% | 26.6% | 42.3% |
| Max Negative | -33.3% | -29.4% | -30.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -33.3% | -27.5% | -22.3% |
| 5/6/2026 | -20.7% | -29.4% | -22.0% |
| 2/25/2026 | 22.5% | 16.6% | -4.3% |
| 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% |
| 5/7/2024 | -9.0% | -1.9% | -5.8% |
| 2/29/2024 | 25.4% | 9.3% | 18.7% |
| 11/7/2023 | 3.3% | 19.5% | 26.6% |
| 8/8/2023 | 9.0% | 3.8% | -7.1% |
| 5/9/2023 | 14.1% | 20.2% | 40.1% |
| 2/28/2023 | -10.8% | -24.6% | -28.9% |
| 11/8/2022 | -6.5% | 22.7% | 7.4% |
| 8/8/2022 | -0.7% | 10.4% | -0.5% |
| 5/9/2022 | -1.4% | -2.9% | -6.1% |
| 2/28/2022 | -8.3% | 8.8% | 18.3% |
| 11/9/2021 | -0.8% | 1.5% | -8.4% |
| 8/10/2021 | 2.0% | -12.4% | 10.2% |
| 5/12/2021 | -7.4% | -7.4% | -7.5% |
| 3/24/2021 | 7.8% | 26.6% | 32.6% |
| 11/12/2020 | 3.1% | 15.4% | -5.9% |
| 8/31/2020 | 0.0% | 8.7% | -15.5% |
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 11 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 8.2% | 14.8% | 18.7% |
| Median Negative | -7.4% | -9.8% | -8.0% |
| Max Positive | 32.6% | 26.6% | 42.3% |
| Max Negative | -33.3% | -29.4% | -30.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 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 |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2020 | 03/24/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/31/2020 | 10-Q |
| 03/31/2020 | 07/23/2020 | 424B4 |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 190.00 Mil | 200.00 Mil | 210.00 Mil | ||||
| Q3 2026 Consolidated Adjusted EBITDA Margin | Reported | 17.0% | 17.5% | 18.0% | ||||
| 2026 Operating Cash Flow | Reported | 70.00 Mil | 75.00 Mil | 80.00 Mil | ||||
| 2026 Revenue | Reported | 740.00 Mil | 765.00 Mil | 790.00 Mil | -12.1% | Lowered | Guidance: 870.00 Mil for 2026 | |
| 2026 Consolidated Adjusted EBITDA | Reported | 117.00 Mil | 118.50 Mil | 120.00 Mil | -7.1% | Lowered | Guidance: 127.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 840.00 Mil | 870.00 Mil | 900.00 Mil | 0 | Affirmed | Guidance: 870.00 Mil for 2026 | |
| 2026 Consolidated Adjusted EBITDA | Reported | 125.00 Mil | 127.50 Mil | 130.00 Mil | 0 | Affirmed | Guidance: 127.50 Mil for 2026 | |
| Q2 2026 Revenue | Reported | 190.00 Mil | 200.00 Mil | 210.00 Mil | ||||
| Q2 2026 Consolidated Adjusted EBITDA % of revenue | Reported | 16.0% | 17.0% | 18.0% | ||||
Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 840.00 Mil | 870.00 Mil | 900.00 Mil | ||||
| 2026 Emergency Response Revenue | Reported | 50.00 Mil | 60.00 Mil | 70.00 Mil | ||||
| 2026 Organic Revenue Growth | Reported | 8.0% | ||||||
| 2026 Consolidated Adjusted EBITDA | Reported | 125.00 Mil | 127.50 Mil | 130.00 Mil | 2.0% | Raised | Guidance: 125.00 Mil for 2026 | |
| 2026 Consolidated Adjusted EBITDA Margin | Reported | 15.0% | ||||||
| 2026 Consolidated Adjusted EBITDA Growth | Reported | 10.0% | ||||||
Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 810.00 Mil | 820.00 Mil | 830.00 Mil | 0.6% | Raised | Guidance: 815.00 Mil for 2025 | |
| 2025 Consolidated Adjusted EBITDA | Reported | 112.00 Mil | 115.00 Mil | 118.00 Mil | 0.9% | Raised | Guidance: 114.00 Mil for 2025 | |
| 2026 Consolidated Adjusted EBITDA | Reported | 125.00 Mil | ||||||
Insider Activity
Updated 6/8/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Graham, Peter | Direct | Buy | 6082026 | 17.19 | 25,140 | 432,157 | 4,412,484 | Form | |
| 2 | Graham, Peter | Direct | Buy | 6052026 | 15.94 | 4,860 | 77,468 | 3,690,891 | Form | |
| 3 | Manthripragada, Vijay | President & CEO | Direct | Sell | 3162026 | 25.41 | 46,121 | 1,171,935 | 6,016,783 | Form |
| 4 | Revuelta, Jose | Chief Strategy Officer | Direct | Sell | 3112026 | 27.00 | 7,858 | 212,166 | 7,270,614 | Form |
| 5 | Afsari, Nasym | General Counsel and Secretary | Direct | Sell | 3042026 | 28.37 | 43,348 | 1,229,696 | 5,811,979 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Graham, Peter | Direct | Buy | 6082026 | 17.19 | 25,140 | 432,157 | 4,412,484 | Form | |
| 2 | Graham, Peter | Direct | Buy | 6052026 | 15.94 | 4,860 | 77,468 | 3,690,891 | Form | |
| 3 | Manthripragada, Vijay | President & CEO | Direct | Sell | 3162026 | 25.41 | 46,121 | 1,171,935 | 6,016,783 | Form |
| 4 | Revuelta, Jose | Chief Strategy Officer | Direct | Sell | 3112026 | 27.00 | 7,858 | 212,166 | 7,270,614 | Form |
| 5 | Afsari, Nasym | General Counsel and Secretary | Direct | Sell | 3042026 | 28.37 | 43,348 | 1,229,696 | 5,811,979 | Form |
| 6 | Presby, J Thomas | Direct | Sell | 3042026 | 28.87 | 10,000 | 288,691 | 1,807,611 | Form | |
| 7 | Afsari, Nasym | General Counsel and Secretary | Direct | Sell | 3042026 | 30.00 | 200 | 6,000 | 6,146,340 | Form |
| 8 | Manthripragada, Vijay | President & CEO | Direct | Sell | 11122025 | 24.07 | 44,984 | 1,082,900 | 7,622,403 | Form |
| 9 | Manthripragada, Vijay | President & CEO | Direct | Sell | 11122025 | 24.74 | 44,983 | 1,112,951 | 7,834,101 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Environmental & Facilities Services Resources |
| Waste360 |
| Waste Dive |
| FacilitiesNet |
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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