Onterris Inc's Business Segments

Montrose Environmental Group, Inc. operates in Canada and Australia, conducting transactions in multiple currencies that expose the company to foreign exchange risk. The company has expanded through acquisitions of Paragon and Matrix in Canada and Epic in Australia. Montrose recognizes revenue from fixed-fee contracts using the cost-to-cost method, which involves estimating total contract costs and progress toward completion, requiring significant judgment and estimation. Deloitte & Touche LLP audited the company’s financial statements, issuing an unqualified opinion on the financial position, results of operations, and internal controls over financial reporting. The audit included procedures to assess the accuracy of management’s estimates related to contract costs and revenue recognition. Montrose’s operations are affected by inflationary pressures and foreign exchange fluctuations, which can impact financial results if not mitigated by price adjustments.

The company operates through three reportable business segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment offers scientific advisory and consulting services related to environmental assessments, emergency response and recovery, toxicology consulting, and environmental audits and permits. This segment assists clients with regulatory processes and mitigation strategies, and accounted for approximately 37.0% of revenue for the fiscal year ended December 31, 2025. The Measurement and Analysis segment provides environmental testing and laboratory services across North America, including analysis of air, water, and soil contaminants and their toxicological effects. Services include source and ambient air testing, leak detection, and advanced multi-media laboratory testing. This segment holds competitive advantages such as extensive air testing capabilities, a broad U.S. laboratory network, advanced optical gas imaging, and proprietary detection technologies, generating approximately 29.6% of revenue for the fiscal year ended December 31, 2025. The Remediation and Reuse segment delivers engineering, design, and implementation services focused on treatment technologies for contaminated water and contaminant removal.