NASDAQ : MNTK
Montauk Renewables, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 2.37 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 339.49M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Montauk Renewables, Inc. (MNTK) reported revenue of 189.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 189.10M | 176.38M | 175.74M | 174.90M | 205.56M | 148.13M |
| Selling, General & Admin | 28.07M | 30.19M | 36.29M | 34.40M | 34.14M | 42.55M |
| Depreciation & Amortization | 32.96M | 29.97M | 23.52M | 21.16M | 20.70M | 22.87M |
| Other Operating Expenses | 123.50M | 110.59M | 98.17M | 94.62M | 101.43M | 78.16M |
| Total Operating Expenses | 184.53M | 170.75M | 157.97M | 150.18M | 156.27M | 143.58M |
| Operating Income | 4.57M | 5.63M | 17.77M | 24.72M | 49.29M | 4.55M |
| Interest Expense | -5.22M | -4.82M | -5.28M | -5.75M | -1.79M | -2.93M |
| Net Interest Expense | -5.22M | -4.82M | -5.28M | -5.75M | -1.79M | -2.93M |
| Income (Loss) on Equity Investments | 8.58M | 1.49M | ||||
| Other Non-Operating Income (Expenses) | 295.00K | -8.00K | 1.33M | 479.00K | 468.00K | -620.00K |
| EBT Excluding Unusual Items | 8.22M | 2.29M | 13.82M | 19.45M | 47.97M | 998.00K |
| Asset Writedown | -1.90M | -3.23M | -1.59M | -902.00K | -4.85M | -1.19M |
| Insurance Settlements | 313.00K | 332.00K | ||||
| Other Unusual Items | -2.49M | -1.55M | -61.00K | -178.00K | -185.00K | -506.00K |
| Pretax Income | 3.83M | -2.49M | 12.18M | 18.37M | 43.24M | -367.00K |
| Income Tax Expense | -4.10M | -4.24M | 2.44M | 3.42M | 8.05M | 4.16M |
| Net Income | 7.93M | 1.75M | 9.73M | 14.95M | 35.19M | -4.53M |
| Net Income to Common | 7.93M | 1.75M | 9.73M | 14.95M | 35.19M | -4.53M |
| Shares Outstanding (Basic) | 143.21M | 143.02M | 142.28M | 141.73M | 141.24M | 141.02M |
| Shares Outstanding (Diluted) | 143.60M | 143.08M | 142.40M | 142.15M | 142.58M | 141.02M |
| EPS (Basic) | 0.06 | 0.01 | 0.07 | 0.11 | 0.25 | -0.03 |
| EPS (Diluted) | 0.05 | 0.01 | 0.07 | 0.11 | 0.25 | -0.03 |
| Free Cash Flow | -83.37M | -86.21M | -18.53M | -22.04M | 58.79M | 23.22M |
| Free Cash Flow Per Share | -0.58 | -0.60 | -0.13 | -0.15 | 0.41 | 0.17 |
| Profit Margin | 4.19% | 0.99% | 5.54% | 8.55% | 17.12% | -3.06% |
| Free Cash Flow Margin | -44.09% | -48.88% | -10.54% | -12.60% | 28.60% | 15.68% |
| EBITDA | 38.03M | 36.09M | 41.73M | 46.28M | 70.29M | 27.25M |
| EBITDA Margin | 20.11% | 20.46% | 23.75% | 26.46% | 34.19% | 18.40% |
| D&A For EBITDA | 33.46M | 30.46M | 23.96M | 21.57M | 21.00M | 22.71M |
| EBIT | 4.57M | 5.63M | 17.77M | 24.72M | 49.29M | 4.55M |
| EBIT Margin | 2.42% | 3.19% | 10.11% | 14.13% | 23.98% | 3.07% |
| Effective Tax Rate | 20.06% | 18.61% | 18.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.76M | 23.75M | 45.62M | 73.81M | 105.18M | 53.27M |
| Trading Asset Securities | 220.00K | 471.00K | 785.00K | 879.00K | ||
| Accounts Receivable | 4.91M | 6.58M | 7.87M | 12.56M | 7.15M | 9.28M |
| Other Receivables | 1.95M | 3.29M | 344.00K | 195.00K | 74.00K | 57.00K |
| Prepaid Expenses | 4.68M | 3.31M | 2.91M | 2.82M | 2.57M | 2.85M |
| Restricted Cash | 8.00K | 8.00K | 8.00K | 8.00K | 22.00K | |
| Loans Receivable Current | 9.00M | 8.94M | ||||
| Other Current Assets | 777.00K | |||||
| Total Current Assets | 27.30M | 37.16M | 57.22M | 90.17M | 124.87M | 75.17M |
| Property, Plant & Equipment | 392.99M | 350.52M | 259.46M | 218.64M | 180.78M | 181.20M |
| Goodwill | 60.00K | 60.00K | 60.00K | 60.00K | 60.00K | 60.00K |
| Other Intangible Assets | 19.01M | 19.55M | 18.05M | 18.36M | 15.70M | 14.05M |
| Long-Term Investments | 3.71M | 3.82M | 298.00K | 470.00K | 936.00K | |
| Long-Term Loans Receivable | 10.14M | |||||
| Long-Term Deferred Tax Assets | 3.46M | 5.55M | 1.27M | 2.08M | 3.95M | 10.57M |
| Other Long-Term Assets | 24.17M | 18.81M | 12.65M | 10.32M | 6.02M | 5.43M |
| Total Assets | 470.71M | 435.46M | 349.01M | 350.24M | 332.32M | 286.48M |
| Accounts Payable | 25.80M | 15.64M | 8.86M | 7.92M | 4.56M | 4.97M |
| Accrued Expenses | 16.00M | 11.73M | 10.07M | 12.79M | 15.09M | 10.82M |
| Current Portion of Long-Term Debt | 2.73M | 11.85M | 7.89M | 7.87M | 8.46M | |
| Current Portion of Leases | 2.53M | 3.32M | 2.12M | 446.00K | 481.00K | 296.00K |
| Current Income Taxes Payable | 313.00K | 402.00K | ||||
| Other Current Liabilities | 625.00K | |||||
| Total Current Liabilities | 44.33M | 33.42M | 33.53M | 29.35M | 28.40M | 24.56M |
| Long-Term Debt | 149.63M | 126.00M | 43.76M | 55.61M | 63.51M | 71.58M |
| Long-Term Leases | 4.97M | 5.89M | 5.17M | 4.14M | 4.37M | 27.00K |
| Other Long-Term Liabilities | 7.24M | 7.00M | 9.13M | 10.89M | 8.95M | 8.02M |
| Total Liabilities | 206.18M | 172.31M | 91.60M | 100.00M | 105.22M | 104.19M |
| Common Stock | 1.43M | 1.43M | 1.43M | 1.42M | 1.42M | 1.41M |
| Additional Paid-In Capital | 227.45M | 226.30M | 221.91M | 214.38M | 206.06M | 196.22M |
| Retained Earnings | 57.33M | 57.10M | 55.35M | 45.61M | 30.67M | -4.53M |
| Treasury Stock | -21.68M | -21.68M | -21.26M | -11.17M | -11.05M | -10.81M |
| Shareholders' Equity | 264.53M | 263.15M | 257.42M | 250.24M | 227.09M | 182.29M |
| Total Liabilities & Equity | 470.71M | 435.46M | 349.01M | 350.24M | 332.32M | 286.48M |
| Total Debt | 157.13M | 137.94M | 62.91M | 68.09M | 76.22M | 80.37M |
| Net Cash (Debt) | -141.38M | -113.97M | -16.82M | 6.51M | 29.83M | -27.10M |
| Net Cash Per Share | -0.98 | -0.80 | -0.12 | 0.05 | 0.21 | -0.19 |
| Filing Date Shares Outstanding | 142.34M | 142.34M | 141.81M | 142.06M | 141.63M | 140.68M |
| Total Common Shares Outstanding | 143.24M | 143.91M | 143.17M | 142.09M | 141.65M | 140.67M |
| Working Capital | -17.03M | 3.73M | 23.70M | 60.83M | 96.47M | 50.61M |
| Book Value Per Share | 1.85 | 1.83 | 1.80 | 1.76 | 1.60 | 1.30 |
| Tangible Book Value | 245.46M | 243.54M | 239.30M | 231.82M | 211.34M | 168.18M |
| Tangible Book Value Per Share | 1.71 | 1.69 | 1.67 | 1.63 | 1.49 | 1.20 |
| Land | 1.57M | 1.57M | 1.57M | 748.00K | 595.00K | 595.00K |
| Buildings | 39.07M | 38.91M | 36.43M | 30.33M | 29.27M | 28.69M |
| Machinery | 326.31M | 321.83M | 275.69M | 255.42M | 247.63M | 246.67M |
| Construction In Progress | 217.56M | 163.28M | 95.55M | 67.75M | 20.75M | 12.72M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.93M | 1.75M | 9.73M | 14.95M | 35.19M | -4.53M |
| Depreciation & Amortization | 33.46M | 30.46M | 23.96M | 21.57M | 21.00M | 22.71M |
| Other Amortization | 678.00K | 391.00K | 360.00K | 367.00K | 412.00K | 483.00K |
| Loss (Gain) on Sale of Assets | -13.00K | 36.00K | 94.00K | -233.00K | 822.00K | |
| Asset Writedown | 1.90M | 3.23M | 1.59M | 902.00K | 4.85M | 1.19M |
| Stock-Based Compensation | 1.96M | 4.44M | 9.96M | 8.32M | 9.84M | 22.42M |
| Change in Accounts Receivable | 1.99M | -995.00K | 4.58M | -5.53M | 2.12M | -1.52M |
| Change in Inventory | -868.00K | -1.69M | 472.00K | -1.01M | -752.00K | |
| Change in Accounts Payable | 2.42M | 735.00K | -2.30M | 1.33M | 3.47M | -2.15M |
| Change in Income Taxes | -661.00K | -661.00K | -354.00K | -89.00K | 734.00K | |
| Change in Other Net Operating Assets | -3.47M | -4.40M | -3.57M | -3.54M | -331.00K | |
| Other Operating Activities | -1.89M | -2.96M | -638.00K | 3.70M | 4.78M | 3.45M |
| Operating Cash Flow | 43.43M | 30.33M | 43.80M | 41.05M | 81.07M | 42.88M |
| Capital Expenditures | -126.80M | -116.54M | -62.32M | -63.09M | -22.28M | -19.66M |
| Sale of Property, Plant & Equipment | 33.00K | 1.00M | 2.00K | 1.09M | 73.00K | |
| Investment in Securities | -1.85M | -4.00M | ||||
| Other Investing Activities | 53.00K | 55.00K | -48.00K | 2.00K | 395.00K | 112.00K |
| Investing Cash Flow | -128.57M | -120.49M | -62.19M | -63.09M | -20.79M | -19.47M |
| Long-Term Debt Issued | 105.00M | 80.00M | ||||
| Long-Term Debt Repaid | -32.07M | -8.07M | -8.07M | -8.05M | -66.70M | |
| Net Debt Issued (Repaid) | 84.94M | 72.93M | -8.07M | -8.07M | -8.05M | 13.30M |
| Issuance of Common Stock | 1.00K | 5.00K | 6.00K | 4.00K | 6.00K | 15.59M |
| Repurchase of Common Stock | -65.00K | -419.00K | -1.78M | -122.00K | -238.00K | -10.81M |
| Other Financing Activities | -10.76M | -4.18M | -1.14M | -9.43M | ||
| Financing Cash Flow | 74.11M | 68.34M | -9.84M | -9.33M | -8.28M | 8.65M |
| Net Cash Flow | -11.03M | -21.81M | -28.24M | -31.36M | 51.99M | 32.05M |
| Free Cash Flow | -83.37M | -86.21M | -18.53M | -22.04M | 58.79M | 23.22M |
| Free Cash Flow Margin | -44.09% | -48.88% | -10.54% | -12.60% | 28.60% | 15.68% |
| Free Cash Flow Per Share | -0.58 | -0.60 | -0.13 | -0.15 | 0.41 | 0.17 |
| Levered Free Cash Flow | -88.84M | -74.96M | -17.25M | -16.78M | 46.00M | 14.85M |
| Unlevered Free Cash Flow | -86.26M | -72.34M | -14.31M | -13.55M | 46.71M | 16.20M |
| Cash Interest Paid | 4.74M | 4.06M | 4.30M | 5.00M | 3.46M | 3.79M |
| Cash Income Tax Paid | 416.00K | 783.00K | 1.99M | 1.92M | 696.00K | 280.00K |
| Change in Working Capital | -590.00K | -7.01M | -1.17M | -8.84M | 5.23M | -3.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 336.62M | 237.57M | 567.71M | 1.26B | 1.55B | 1.45B |
| Enterprise Value | 478.00M | 303.48M | 574.33M | 1.26B | 1.53B | 1.48B |
| PE Ratio | 45.75 | 135.91 | 58.32 | 84.61 | 43.98 | |
| PS Ratio | 1.67 | 1.35 | 3.23 | 7.23 | 7.53 | 9.76 |
| PB Ratio | 1.20 | 0.90 | 2.21 | 5.05 | 6.82 | 7.93 |
| P/FCF Ratio | 26.33 | 62.25 | ||||
| P/OCF Ratio | 7.29 | 7.83 | 12.96 | 30.81 | 19.09 | 33.71 |
| EV/Sales Ratio | 2.42 | 1.72 | 3.27 | 7.21 | 7.42 | 10.02 |
| EV/EBITDA Ratio | 12.04 | 8.41 | 13.76 | 27.23 | 21.70 | 54.48 |
| EV/EBIT Ratio | 100.14 | 53.88 | 32.32 | 50.99 | 30.94 | 326.62 |
| EV/FCF Ratio | 25.94 | 63.95 | ||||
| Debt / Equity Ratio | 0.59 | 0.52 | 0.24 | 0.27 | 0.34 | 0.44 |
| Debt / EBITDA Ratio | 3.43 | 3.22 | 1.35 | 1.36 | 1.06 | 2.86 |
| Debt / FCF Ratio | 1.30 | 3.46 | ||||
| Net Debt / Equity Ratio | 0.53 | 0.43 | 0.07 | -0.03 | -0.13 | 0.15 |
| Net Debt / EBITDA Ratio | 3.72 | 3.16 | 0.40 | -0.14 | -0.42 | 0.99 |
| Net Debt / FCF Ratio | -1.70 | -1.32 | -0.91 | 0.29 | -0.51 | 1.17 |
| Quick Ratio | 0.51 | 1.01 | 1.62 | 2.98 | 3.99 | 2.55 |
| Current Ratio | 0.62 | 1.11 | 1.71 | 3.07 | 4.40 | 3.06 |
| Asset Turnover | 0.44 | 0.45 | 0.50 | 0.51 | 0.66 | 0.55 |
| Return on Equity (ROE) | 3.05% | 0.67% | 3.84% | 6.26% | 17.19% | -2.65% |
| Return on Assets (ROA) | 0.67% | 0.90% | 3.18% | 4.53% | 9.96% | 1.05% |
| Return on Capital Employed (ROCE) | 1.10% | 1.40% | 5.60% | 7.70% | 16.20% | 1.70% |
| Earnings Yield | 2.19% | 0.74% | 1.71% | 1.18% | 2.27% | -0.31% |
| FCF Yield | -26.34% | -36.29% | -3.26% | -1.74% | 3.80% | 1.61% |
| Buyback Yield / Dilution | -0.62% | -0.48% | -0.17% | 0.30% | -1.11% | 0.80% |