12 Best Waste Management Stocks to Invest In Now

7. Montrose Environmental Group, Inc. (NYSE:MEG)

Number of Hedge Fund Investors: 17

Revenue Growth Rate (year-over-year): 11.56%

Montrose Environmental Group, Inc. (NYSE:MEG) is an environmental services provider. The company’s operations segments include Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Its Assessment, Permitting, and Response segment offers scientific advising and consultancy services to assist with environmental assessments, emergency response, and environmental audits. Measurement and Analysis involves testing and analyzing air, water, and soil to determine contaminant concentrations, whereas the Remediation and Reuse segment provides clients engineering, design, implementation, operations, and maintenance services to treat contaminated water, remove contaminants, or generate biogas. The United States generates the majority of geographic revenue.

The waste management industry is fragmented, and Montrose Environmental Group, Inc. (NYSE:MEG) is looking for ways to strengthen its expertise through acquisitions. The business acquired two companies in 2024, including Colorado-based Two Dot Consulting, to expand its foothold in the Rocky Mountain states, making it one of the Best Waste Management Stocks for our list.

Montrose Environmental Group, Inc. (NYSE:MEG) achieved record financial results in 2024, with total sales of $696.4 million, an 11.6% surge year on year, led by 8.3% organic growth and acquisitions. Fourth-quarter 2024 revenue reached an all-time high of $189.1 million, representing a 14.1% YoY rise. In 2024, Adjusted EBITDA grew 21.9% to $95.8 million, with the EBITDA margin rising to 13.8%.

The company estimates revenue between $735 million and $785 million in 2025, driven by organic growth of 7% to 9%. Consolidated Adjusted EBITDA is expected to range between $101 million and $108 million, reflecting ongoing margin expansion and enhanced operational efficiency. Montrose Environmental Group, Inc. (NYSE:MEG)’s priority remains on increasing profitability and significantly boosting operating cash flow, utilizing its strong financial basis and rising demand for environmental services.