MNTKNasdaqGas & Other Services CombinedFiscal year ends December 31
Montauk Renewables, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$2.08−0.06 (-2.80%)
Close on Oct 19, 2026
- Market cap
- $299.38M
- P/E (TTM)
- 34.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
–
Operating margin
0.5%−3.1 pts over 5 years
Net margin
1.0%−3.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.4% | -5.0% | +11.9% | – | |
| Operating income | -94.7% | -73.3% | -25.0% | – | |
| Net income | -82.0% | -63.2% | -17.6% | – | |
| EPS, diluted | -85.7% | -65.8% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 2.9% | 0.7% | |
| Return on assets | – | 1.9% | 0.4% | |
| Current ratio | – | 1.14 | 1.11 | |
| Debt to equity | – | 0.42 | 0.49 | |
| Net debt to EBITDA | – | 1.74× | 3.41× | |
| Interest coverage | – | 0.8× | 0.2× | |
| Capex to revenue | – | 17.6% | 66.1% | |
| Diluted shares | – | – | 143M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Montauk Renewables generated $239.13M from operations and spent $287.59M on capital expenditure, dividends and share buybacks. 95% of that went back into the business.
Generated
$239.13M
Used
$287.59M
Capital expenditure$274.22M95%Dividends$00%Share buybacks$13.37M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.0%
×Asset turnover0.45×
×Equity multiplier1.51×
=Return on equity, FY20250.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.0% | 0.45× | 1.51× | 0.7% |
| FY2024 | 5.5% | 0.50× | 1.38× | 3.8% |
| FY2023 | 8.5% | 0.51× | 1.43× | 6.3% |
| FY2022 | 17.1% | 0.66× | 1.51× | 17.2% |
| FY2021 | -3.1% | 0.55× | 1.58× | -2.6% |
| FY2020 | 4.6% | 0.40× | 1.58× | 2.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.75M
- Cash generatingOperating cash flow above zero$30.33M
- Return on assets improvedROA up on the prior year2.8% → 0.5%
- Earnings backed by cashOperating cash flow above net income$30.33M vs $1.75M
- Less leverageLong-term debt to assets fell12.5% → 28.9%
- Better liquidityCurrent ratio rose1.71 → 1.11
- No dilutionShare count did not rise142M → 143M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.50 → 0.51