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Onterris, Inc.

Rank #170StartupWatchlistCompare with other stocks

ONT · NYSE · Industrials

Onterris, Inc. (ONT) — Rank #170 by gross profitability (GP/assets 0.35) · ROE -0.2% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0001643615 · all metrics point-in-time as of the filing date.

About

Onterris, Inc. operates as an environmental services company in the United States, Australia, Canada, and internationally.

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It operates in two segments: Consulting and Treatment, and Measurement and Analysis. The Consulting and Treatment segment provides environmental consulting, engineering, and implementation services to help clients assess, manage, and mitigate environmental risks across the lifecycle of their operations and projects. It supports environmental assessments, regulatory permitting, toxicology consulting, emergency preparedness, and response and environmental audits and permits; and offers engineering, design, and implementation solutions to treat contaminated water and remediate soil. The Measurement and Analysis segment offers environmental testing and laboratory services. It 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. This segment's offerings include source and ambient air testing and monitoring, and leak detection, as well as air, soil, stormwater, wastewater, and drinking water analysis. The company was formerly known as Montrose Environmental Group, Inc. and changed its name to Onterris, Inc. in April 2026. Onterris, Inc.

was founded in 2012 and is headquartered in North Little Rock, Arkansas.

Industry
Waste Management
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

3,500

Industry

Waste Management

Exchange

NYSE

10/12

Flags passed

ONT passes 10/12 quality flags

2 cautions to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.35
Return on equity
-0.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.25
Current ratio
2.00×
Net cash
-$336.32M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
5.1%

Growth

1/2 pass
Revenue growth
19.3%
Piotroski F-Score
5 / 9
Share dilution
6.2%

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Does it make money well?

No warning flags · GP/assets 0.35

Gross profitability (GP / assets)

0.35

Primary signal (Novy-Marx).

6th of 7 SIC 87 peers

Return on equity

-0.2%

Gross margin

40.3%

4th of 7 SIC 87 peers

Revenue growth (YoY)

19.3%

RPO growth (YoY)

-11.5%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

15.1%

Revenue CAGR (5Y)

20.4%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

104.6%

Cash Flow Health

Is the cash real?

No warning flags · FCF 10914% above net income

Free cash flow

$91.16M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

10913.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

5.1%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net debt $336.32M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.25

6th of 7 SIC 87 peers (best = lowest)

Current ratio

2.00×

3rd of 7 SIC 87 peers

Quick ratio

1.22×

Net cash

-$336.32M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

1.5 / 5

Weak
Payout ratio
N/A0/5 Weak
FCF coverage
21.97×5/5 Strong
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 1.25 · IC N/A1/5 Weak

Capital allocation quality

Composite score

0.3 / 5

Weak
Share count trend
6.2%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr0/5 Weak
Net debt trajectory
-6.9%1/5 Weak

Lifecycle Phase History

20202025
Hypergrowth
Startup

Price History

ONT-68.4% · -20.6% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports