MNTK · Montauk Renewables, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.43M | - | $45.26M | $45.13M | $42.60M | - | $65.92M | $43.34M | $38.79M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | $28.90M | $6.74M | $8.86M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $8.02M | - | $6.51M | $9.04M | $8.75M | - | $10.04M | $8.74M | $9.43M | - |
| Total Operating Expenses | $48.03M | - | $40.81M | $47.48M | $42.19M | - | $43.21M | $42.47M | $36.42M | - |
| D&A | $8.37M | - | $8.34M | $7.03M | $6.26M | - | $6.05M | $5.82M | $5.43M | - |
| Operating Income | ($1.60M) | - | $4.45M | ($2.35M) | $410.0K | - | $22.71M | $868.0K | $2.37M | - |
| Interest Expense | $1.34M | - | $1.07M | $1.22M | $1.17M | - | $1.83M | $1.29M | $1.17M | - |
| Income Tax | ($298.0K) | - | ($1.84M) | $1.88M | ($317.0K) | - | $3.96M | $344.0K | $413.0K | - |
| Net Income | $5.0K | - | $5.21M | ($5.49M) | ($464.0K) | - | $17.05M | ($712.0K) | $1.85M | - |
| EPS - Basic | $0.00 | - | $0.04 | ($0.04) | $0.00 | - | $0.12 | ($0.01) | $0.01 | - |
| EPS - Diluted | $0.00 | - | $0.04 | ($0.04) | $0.00 | - | $0.12 | ($0.01) | $0.01 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.95M | $23.75M | $6.77M | $29.13M | $40.11M | $45.62M | $54.97M | $42.28M | $63.28M | $73.81M |
| Accounts Receivable | $4.58M | $6.58M | $5.73M | $7.08M | $8.05M | $7.87M | $19.06M | $21.74M | $9.43M | $12.56M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $27.45M | $15.64M | $25.42M | $27.21M | $16.41M | $8.86M | $10.15M | $11.86M | $12.32M | $7.92M |
| Current Assets | $35.69M | $37.16M | $17.97M | $42.60M | $52.18M | $57.22M | $79.28M | $71.15M | $76.62M | $90.17M |
| Total Assets | $467.78M | $435.46M | $383.31M | $382.49M | $354.23M | $349.01M | $374.12M | $361.97M | $354.69M | $350.24M |
| Current Liabilities | $41.98M | $33.42M | $53.90M | $55.48M | $40.95M | $33.53M | $38.90M | $42.93M | $33.78M | $29.35M |
| Long-term Debt | $149.49M | $126.00M | $54.87M | $57.83M | $40.80M | $43.76M | $46.72M | $49.69M | $52.65M | $55.61M |
| Total Liabilities | $204.01M | $172.31M | $122.58M | $127.78M | $96.04M | $91.60M | $98.78M | $106.65M | $100.36M | $100.00M |
| Stockholders' Equity | $263.77M | $263.15M | $260.73M | $254.71M | $258.19M | $257.42M | $275.34M | $255.32M | $254.33M | $250.24M |
| Retained Earnings | $57.10M | $57.10M | $54.60M | $49.40M | $54.88M | $55.35M | $63.80M | $46.75M | $47.46M | $45.61M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.85M | - | - | - | $9.14M | - | - | - | $14.29M | - |
| Investing Cash Flow | ($30.83M) | - | - | - | ($11.63M) | - | - | - | ($22.79M) | - |
| Financing Cash Flow | $19.48M | - | - | - | ($3.02M) | - | - | - | ($2.02M) | - |
| CapEx | $30.87M | - | $29.81M | $33.67M | $11.63M | - | $12.57M | $16.31M | $21.99M | - |
| Free Cash Flow | ($15.02M) | - | - | - | ($2.49M) | - | - | - | ($7.69M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | 43.8% | 15.6% | 22.8% | - |
| Operating margin | -3.4% | - | 9.8% | -5.2% | 1.0% | - | 34.4% | 2.0% | 6.1% | - |
| EBITDA margin | 14.6% | - | 28.3% | 10.4% | 15.7% | - | 43.6% | 15.4% | 20.1% | - |
| Net margin | 0.0% | - | 11.5% | -12.2% | -1.1% | - | 25.9% | -1.6% | 4.8% | - |
| Free cash flow margin | -32.4% | - | - | - | -5.8% | - | - | - | -19.8% | - |
| FCF / Net income | -3004.20 | - | - | - | 5.37 | - | - | - | -4.16 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.3% | - | 14.4% | 20.0% | 20.5% | - | 15.2% | 20.2% | 24.3% | - |
| Effective tax rate | - | - | -54.9% | - | - | - | 18.9% | - | 18.3% | - |
| Return on assets | 0.0% | - | 1.4% | -1.4% | -0.1% | - | 4.6% | -0.2% | 0.5% | - |
| Return on equity | 0.0% | - | 2.0% | -2.2% | -0.2% | - | 6.2% | -0.3% | 0.7% | - |
| Return on invested capital | -0.3% | - | 1.4% | -0.6% | 0.1% | - | 5.7% | 0.2% | 0.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.85 | 1.11 | 0.33 | 0.77 | 1.27 | 1.71 | 2.04 | 1.66 | 2.27 | 3.07 |
| Quick ratio | 0.85 | 1.11 | 0.33 | 0.77 | 1.27 | 1.71 | 2.04 | 1.66 | 2.27 | 3.07 |
| Cash ratio | 0.62 | 0.71 | 0.13 | 0.53 | 0.98 | 1.36 | 1.41 | 0.99 | 1.87 | 2.51 |
| Leverage | ||||||||||
| Debt / Equity | 0.57 | 0.48 | 0.21 | 0.23 | 0.16 | 0.17 | 0.17 | 0.19 | 0.21 | 0.22 |
| Debt / Assets | 0.32 | 0.29 | 0.14 | 0.15 | 0.12 | 0.13 | 0.12 | 0.14 | 0.15 | 0.16 |
| Debt / EBITDA | 22.07 | - | 4.29 | 12.37 | 6.11 | - | 1.62 | 7.43 | 6.75 | - |
| Interest coverage | -1.2x | - | 4.1x | -1.9x | 0.4x | - | 12.4x | 0.7x | 2.0x | - |
| Equity multiplier | 1.77 | 1.65 | 1.47 | 1.50 | 1.37 | 1.36 | 1.36 | 1.42 | 1.39 | 1.40 |
| Liabilities / Assets | 0.44 | 0.40 | 0.32 | 0.33 | 0.27 | 0.26 | 0.26 | 0.29 | 0.28 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.12 | 0.12 | 0.12 | - | 0.18 | 0.12 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 36d | - | 46d | 57d | 69d | - | 106d | 183d | 89d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 50.2x | - | - | - | 43.4x | - | 416.0x | - |
| P / B | 0.6x | - | 1.1x | 1.2x | 1.2x | - | 2.7x | 3.2x | 2.3x | - |
| P / S | 3.5x | - | 6.4x | 7.0x | 7.0x | - | 11.3x | 18.7x | 15.3x | - |
| EV / EBITDA | 42.6x | - | 26.3x | 74.1x | 44.8x | - | 25.6x | 122.1x | 74.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.0% | - | -31.3% | 4.1% | 9.8% | - | 18.4% | -18.6% | 102.5% | - |
| Revenue CAGR (3y) | 34.3% | - | -8.3% | -13.2% | 5.2% | - | 18.4% | 15.8% | 28.2% | - |
| Revenue CAGR (5y) | 20.3% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | 29.1% | -64.3% | - | - |
| Operating income growth (YoY) | - | - | -80.4% | - | -82.7% | - | 35.3% | -93.6% | - | - |
| Net income growth (YoY) | - | - | -69.5% | -670.6% | - | - | 31.8% | - | - | - |
| EPS growth (YoY) | - | - | -66.7% | -300.0% | - | - | 33.3% | - | - | - |
| EPS CAGR (3y) | - | - | -20.6% | - | - | - | 26.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -502.8% | - | - | - | 67.6% | - | - | - | 69.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.2% | 2.2% | -5.3% | -0.2% | 1.5% | 2.9% | 13.2% | 12.1% | 13.0% | 10.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$172.97M totalRenewable Natural Gas$155.74M · 90.0%
Renewable Electricity Generation$17.23M · 10.0%
Product / service
$176.38M totalNatural Gas Environmental Attributes$110.06M · 62.4%
Natural Gas Commodity$48.53M · 27.5%
Electric Commodity$10.33M · 5.9%
Electric Environmental Attributes$7.47M · 4.2%
Peer comparison
Same SIC group: Gas & Other Services Combined
Comparing Montauk Renewables against the 5 most active filers in the same SIC group.