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Montauk Renewables, Inc.

MNTK Clue Score36
United States Fiscal year ends December CIK 0001826600
$2.53 -7.66% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.53 −74.52% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Jan 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue104.0Operating income11.0Net income5.8Fiscal year 2020Revenue100.2 −3.6%Operating income3.6Net income4.6 −20.9%Fiscal year 2021Revenue148.1 +47.8%Operating income3.3Net income−4.5 −198.4%EPS, diluted−0.03Fiscal year 2022Revenue213.4 +44.1%Operating income44.6Net income35.2EPS, diluted0.25Fiscal year 2023Revenue174.9 −18.0%Operating income23.6Net income14.9 −57.5%EPS, diluted0.11 −56.0%Fiscal year 2024Revenue175.7 +0.5%Operating income16.1Net income9.7 −34.9%EPS, diluted0.07 −36.4%Fiscal year 2025Revenue176.4 +0.4%Operating income0.9Net income1.7 −82.0%EPS, diluted0.01 −85.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 104.0 100.2 148.1 213.4 174.9 175.7 176.4
Growth −3.6% +47.8% +44.1% −18.0% +0.5% +0.4%
Operating income 11.0 3.6 3.3 44.6 23.6 16.1 0.9
Net income 5.8 4.6 −4.5 35.2 14.9 9.7 1.7
Growth −20.9% −198.4% −57.5% −34.9% −82.0%
EPS, diluted n/a n/a −0.03 0.25 0.11 0.07 0.01
Growth −56.0% −36.4% −85.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin29.6%Operating margin10.6%Net margin5.6%Free cash flow margin−17.1%Fiscal year 2020Gross margin25.0%Operating margin3.6%Net margin4.6%Free cash flow margin11.0%Fiscal year 2021Gross margin17.2%Operating margin2.3%Net margin−3.1%Free cash flow margin22.2%Fiscal year 2022Gross margin30.8%Operating margin20.9%Net margin16.5%Free cash flow margin27.6%Fiscal year 2023Gross margin25.9%Operating margin13.5%Net margin8.5%Free cash flow margin−12.6%Fiscal year 2024Operating margin9.2%Net margin5.5%Free cash flow margin−10.5%Fiscal year 2025Operating margin0.5%Net margin1.0%Free cash flow margin−48.9%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 29.6% 25.0% 17.2% 30.8% 25.9% n/a n/a
Operating margin 10.6% 3.6% 2.3% 20.9% 13.5% 9.2% 0.5%
Net margin 5.6% 4.6% −3.1% 16.5% 8.5% 5.5% 1.0%
Free cash flow margin −17.1% 11.0% 22.2% 27.6% −12.6% −10.5% −48.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow27.8Capital expenditure−45.6Free cash flow−17.8Buybacks−0.1Fiscal year 2020Operating cash flow28.7Capital expenditure−17.6Free cash flow11.0Fiscal year 2021Operating cash flow42.9Capital expenditure−10.0Free cash flow32.9 +198.0%Fiscal year 2022Operating cash flow81.1Capital expenditure−22.3Free cash flow58.8 +78.7%Fiscal year 2023Operating cash flow41.1Capital expenditure−63.1Free cash flow−22.0 −137.5%Fiscal year 2024Operating cash flow43.8Capital expenditure−62.3Free cash flow−18.5Fiscal year 2025Operating cash flow30.3Capital expenditure−116.5Free cash flow−86.2
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 27.8 28.7 42.9 81.1 41.1 43.8 30.3
Capital expenditure −45.6 −17.6 −10.0 −22.3 −63.1 −62.3 −116.5
Free cash flow −17.8 11.0 32.9 58.8 −22.0 −18.5 −86.2
Growth +198.0% +78.7% −137.5%
Buybacks −0.1 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash9.8Shareholders’ equity154.3Fiscal year 2020Cash21.0Total debt65.8Net cash (debt)−44.8Shareholders’ equity159.6Debt to equity0.41Fiscal year 2021Cash53.3Total debt79.2Net cash (debt)−25.9Shareholders’ equity182.3Debt to equity0.43Fiscal year 2022Cash105.2Total debt71.4Net cash (debt)33.8Shareholders’ equity227.1Debt to equity0.31Fiscal year 2023Cash73.8Total debt63.5Net cash (debt)10.3Shareholders’ equity250.2Debt to equity0.25Fiscal year 2024Cash45.6Total debt55.6Net cash (debt)−10.0Shareholders’ equity257.4Debt to equity0.22Fiscal year 2025Cash23.8Total debt128.7Net cash (debt)−105.0Shareholders’ equity263.1Debt to equity0.49
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.8 21.0 53.3 105.2 73.8 45.6 23.8
Total debt n/a 65.8 79.2 71.4 63.5 55.6 128.7
Net cash (debt) n/a −44.8 −25.9 33.8 10.3 −10.0 −105.0
Shareholders’ equity 154.3 159.6 182.3 227.1 250.2 257.4 263.1
Debt to equity n/a 0.41 0.43 0.31 0.25 0.22 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
27.8 28.7 42.9 81.1 41.1 43.8 30.3
Growth +3.1% +49.5% +89.1% −49.4% +6.7% −30.7%
19.8 22.1 22.9 20.7 21.2 23.5 30.0
Investment
−45.6 −17.6 −10.0 −22.3 −63.1 −62.3 −116.5
calc −17.8 11.0 32.9 58.8 −22.0 −18.5 −86.2
Growth +198.0% +78.7% −137.5%
calc n/a n/a 0.23 0.41 −0.16 −0.13 −0.60
−44.9 −16.0 −19.5 −20.8 −63.1 −62.2 −120.5
Financing
−27.5 −1.5 8.6 −8.3 −9.3 −9.8 68.3
−0.1 n/a n/a n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.