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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Montauk Renewables, Inc. (MNTK). Click either name above to swap in a different company.
AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $43.4M, roughly 1.0× Montauk Renewables, Inc.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -19.9%, a 25.7% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 56.7%). Montauk Renewables, Inc. produced more free cash flow last quarter ($-41.1M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 5.8%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
Montauk Renewables, Inc. is a US-based renewable energy firm specializing in capturing and converting biogenic methane from landfills and agricultural waste into renewable natural gas (RNG) and low-carbon electricity. It serves utility, commercial, and industrial customers across North America, with operations focused on advancing decarbonization and sustainable energy transition goals.
ABCL vs MNTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $43.4M |
| Net Profit | $-8.9M | $2.5M |
| Gross Margin | — | — |
| Operating Margin | -63.7% | -3.8% |
| Net Margin | -19.9% | 5.7% |
| Revenue YoY | 788.4% | 56.7% |
| Net Profit YoY | 73.9% | 129.5% |
| EPS (diluted) | $-0.03 | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.9M | $43.4M | ||
| Q3 25 | $9.0M | $45.3M | ||
| Q2 25 | $17.1M | $45.1M | ||
| Q1 25 | $4.2M | $42.6M | ||
| Q4 24 | $5.0M | $27.7M | ||
| Q3 24 | $6.5M | $65.9M | ||
| Q2 24 | $7.3M | $43.3M | ||
| Q1 24 | $10.0M | $38.8M |
| Q4 25 | $-8.9M | $2.5M | ||
| Q3 25 | $-57.1M | $5.2M | ||
| Q2 25 | $-34.7M | $-5.5M | ||
| Q1 25 | $-45.6M | $-464.0K | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $-51.1M | $17.0M | ||
| Q2 24 | $-36.9M | $-712.0K | ||
| Q1 24 | $-40.6M | $1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 22.8% |
| Q4 25 | -63.7% | -3.8% | ||
| Q3 25 | -851.8% | 9.8% | ||
| Q2 25 | -290.2% | -5.2% | ||
| Q1 25 | -1479.6% | 1.0% | ||
| Q4 24 | — | -35.5% | ||
| Q3 24 | -1439.4% | 34.4% | ||
| Q2 24 | -1276.2% | 2.0% | ||
| Q1 24 | -551.5% | 6.1% |
| Q4 25 | -19.9% | 5.7% | ||
| Q3 25 | -637.8% | 11.5% | ||
| Q2 25 | -203.3% | -12.2% | ||
| Q1 25 | -1077.2% | -1.1% | ||
| Q4 24 | — | -30.5% | ||
| Q3 24 | -785.4% | 25.9% | ||
| Q2 24 | -504.3% | -1.6% | ||
| Q1 24 | -408.0% | 4.8% |
| Q4 25 | $-0.03 | $0.01 | ||
| Q3 25 | $-0.19 | $0.04 | ||
| Q2 25 | $-0.12 | $-0.04 | ||
| Q1 25 | $-0.15 | $0.00 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $-0.17 | $0.12 | ||
| Q2 24 | $-0.13 | $-0.01 | ||
| Q1 24 | $-0.14 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | $23.8M |
| Total DebtLower is stronger | — | $126.0M |
| Stockholders' EquityBook value | $966.9M | $263.1M |
| Total Assets | $1.4B | $435.5M |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $23.8M | ||
| Q3 25 | $83.2M | $6.8M | ||
| Q2 25 | $92.4M | $29.1M | ||
| Q1 25 | $159.3M | $40.1M | ||
| Q4 24 | $156.3M | $45.6M | ||
| Q3 24 | $126.6M | $55.0M | ||
| Q2 24 | $148.3M | $42.3M | ||
| Q1 24 | $123.6M | $63.3M |
| Q4 25 | — | $126.0M | ||
| Q3 25 | — | $54.9M | ||
| Q2 25 | — | $57.8M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $43.8M | ||
| Q3 24 | — | $46.7M | ||
| Q2 24 | — | $49.7M | ||
| Q1 24 | — | $52.7M |
| Q4 25 | $966.9M | $263.1M | ||
| Q3 25 | $964.0M | $260.7M | ||
| Q2 25 | $1.0B | $254.7M | ||
| Q1 25 | $1.0B | $258.2M | ||
| Q4 24 | $1.1B | $257.4M | ||
| Q3 24 | $1.1B | $275.3M | ||
| Q2 24 | $1.1B | $255.3M | ||
| Q1 24 | $1.1B | $254.3M |
| Q4 25 | $1.4B | $435.5M | ||
| Q3 25 | $1.4B | $383.3M | ||
| Q2 25 | $1.4B | $382.5M | ||
| Q1 25 | $1.3B | $354.2M | ||
| Q4 24 | $1.4B | $349.0M | ||
| Q3 24 | $1.4B | $374.1M | ||
| Q2 24 | $1.4B | $362.0M | ||
| Q1 24 | $1.5B | $354.7M |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.21× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $337.0K |
| Free Cash FlowOCF − Capex | $-44.6M | $-41.1M |
| FCF MarginFCF / Revenue | -99.4% | -94.7% |
| Capex IntensityCapex / Revenue | 21.9% | 95.5% |
| Cash ConversionOCF / Net Profit | — | 0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $-86.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $337.0K | ||
| Q3 25 | $-52.6M | $12.7M | ||
| Q2 25 | $-32.4M | $8.2M | ||
| Q1 25 | $-11.6M | $9.1M | ||
| Q4 24 | $-108.6M | $724.0K | ||
| Q3 24 | $-28.9M | $28.6M | ||
| Q2 24 | $-30.0M | $193.0K | ||
| Q1 24 | $-41.7M | $14.3M |
| Q4 25 | $-44.6M | $-41.1M | ||
| Q3 25 | $-61.5M | $-17.2M | ||
| Q2 25 | $-45.8M | $-25.5M | ||
| Q1 25 | $-22.2M | $-2.5M | ||
| Q4 24 | $-187.0M | $-8.3M | ||
| Q3 24 | $-47.4M | $16.0M | ||
| Q2 24 | $-50.1M | $-18.6M | ||
| Q1 24 | $-65.8M | $-7.7M |
| Q4 25 | -99.4% | -94.7% | ||
| Q3 25 | -687.0% | -37.9% | ||
| Q2 25 | -267.9% | -56.4% | ||
| Q1 25 | -524.0% | -5.8% | ||
| Q4 24 | -3702.8% | -29.8% | ||
| Q3 24 | -728.4% | 24.3% | ||
| Q2 24 | -683.8% | -42.9% | ||
| Q1 24 | -661.5% | -19.8% |
| Q4 25 | 21.9% | 95.5% | ||
| Q3 25 | 99.7% | 65.9% | ||
| Q2 25 | 78.2% | 74.6% | ||
| Q1 25 | 251.1% | 27.3% | ||
| Q4 24 | 1552.7% | 32.5% | ||
| Q3 24 | 284.6% | 19.1% | ||
| Q2 24 | 274.6% | 43.3% | ||
| Q1 24 | 242.5% | 56.7% |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 2.43× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 7.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
MNTK
| Natural Gas Environmental Attributes | $28.1M | 65% |
| Natural Gas Commodity | $10.7M | 25% |
| Electric Commodity | $2.7M | 6% |
| Electric Environmental Attributes | $2.0M | 5% |
