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Adjusted EBITDA by Segment
Compares each business unit’s core operating profit after adjusting for non-recurring items, revealing which services actually generate cash earnings and how efficiently the company runs them. Useful for judging the impact of acquisitions, pricing power, and where management can improve margins or cut costs.Profitability gains are concentrated in Measurement & Analysis and Assessment, Permitting & Response—their margin expansion and a few emergency‑response-driven quarters powered the recent record EBITDA—while Remediation & Reuse is volatile and shows margin pressure tied to the strategic wind‑down of renewables. Corporate expenses have become a larger negative swing (higher financing/central costs), so operational momentum must outpace that drag. Management’s 2026 guidance leans on continued organic strength plus lumpy emergency response receipts, making quarter-to-quarter cadence and Q1 seasonality the main execution risks.
Date | Assessment, Permitting and Response | Measurement and Analysis | Remediation and Reuse | Corporate and Other | Consulting and Treatment |
|---|---|---|---|---|---|
Jun 30, 2026 | $0.00 | $15.98M | $0.00 | -$11.98M | $27.89M |
Mar 31, 2026 | $0.00 | $9.94M | $0.00 | -$12.25M | $20.13M |
Dec 31, 2025 | $9.89M | $15.00M | $10.91M | -$11.91M | $0.00 |
Sep 30, 2025 | $20.44M | $17.28M | $9.41M | -$13.47M | $0.00 |
Jun 30, 2025 | $27.55M | $18.30M | $10.03M | -$16.30M | $0.00 |
Mar 31, 2025 | $10.57M | $13.77M | $5.93M | -$11.24M | $0.00 |
Dec 31, 2024 | $7.93M | $18.29M | $12.74M | -$11.72M | $0.00 |
Sep 30, 2024 | $11.19M | $13.37M | $11.65M | -$7.90M | $0.00 |
Jun 30, 2024 | $12.62M | $12.36M | $8.93M | -$10.59M | $0.00 |
Mar 31, 2024 | $16.28M | $6.50M | $5.01M | -$10.87M | $0.00 |