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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Montauk Renewables, Inc. (MNTK). Click either name above to swap in a different company.
Montauk Renewables, Inc. is the larger business by last-quarter revenue ($43.4M vs $43.2M, roughly 1.0× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 5.7%, a 118.2% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 56.7%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-41.1M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 5.8%).
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.
ADAM vs MNTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $43.4M |
| Net Profit | $53.5M | $2.5M |
| Gross Margin | — | — |
| Operating Margin | — | -3.8% |
| Net Margin | 124.0% | 5.7% |
| Revenue YoY | 61.6% | 56.7% |
| Net Profit YoY | 270.5% | 129.5% |
| EPS (diluted) | $0.45 | $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 | $43.2M | $43.4M | ||
| Q3 25 | $36.6M | $45.3M | ||
| Q2 25 | $36.4M | $45.1M | ||
| Q1 25 | $33.1M | $42.6M | ||
| Q4 24 | $26.7M | $27.7M | ||
| Q3 24 | $20.2M | $65.9M | ||
| Q2 24 | $19.0M | $43.3M | ||
| Q1 24 | $17.9M | $38.8M |
| Q4 25 | $53.5M | $2.5M | ||
| Q3 25 | $44.8M | $5.2M | ||
| Q2 25 | $8.5M | $-5.5M | ||
| Q1 25 | $42.2M | $-464.0K | ||
| Q4 24 | $-31.4M | $-8.5M | ||
| Q3 24 | $42.8M | $17.0M | ||
| Q2 24 | $-15.6M | $-712.0K | ||
| Q1 24 | $-57.9M | $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 | — | -3.8% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | 11.7% | -5.2% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | -119.0% | -35.5% | ||
| Q3 24 | — | 34.4% | ||
| Q2 24 | -124.7% | 2.0% | ||
| Q1 24 | -448.8% | 6.1% |
| Q4 25 | 124.0% | 5.7% | ||
| Q3 25 | 122.5% | 11.5% | ||
| Q2 25 | 23.4% | -12.2% | ||
| Q1 25 | 127.4% | -1.1% | ||
| Q4 24 | -117.5% | -30.5% | ||
| Q3 24 | 211.7% | 25.9% | ||
| Q2 24 | -81.9% | -1.6% | ||
| Q1 24 | -324.1% | 4.8% |
| Q4 25 | $0.45 | $0.01 | ||
| Q3 25 | $0.36 | $0.04 | ||
| Q2 25 | $-0.04 | $-0.04 | ||
| Q1 25 | $0.33 | $0.00 | ||
| Q4 24 | $-0.46 | $-0.05 | ||
| Q3 24 | $0.36 | $0.12 | ||
| Q2 24 | $-0.29 | $-0.01 | ||
| Q1 24 | $-0.75 | $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 | $210.3M | $23.8M |
| Total DebtLower is stronger | $735.8M | $126.0M |
| Stockholders' EquityBook value | $1.4B | $263.1M |
| Total Assets | $12.6B | $435.5M |
| Debt / EquityLower = less leverage | 0.52× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $23.8M | ||
| Q3 25 | $185.3M | $6.8M | ||
| Q2 25 | $160.4M | $29.1M | ||
| Q1 25 | $177.1M | $40.1M | ||
| Q4 24 | $167.4M | $45.6M | ||
| Q3 24 | $195.1M | $55.0M | ||
| Q2 24 | $235.5M | $42.3M | ||
| Q1 24 | $226.9M | $63.3M |
| Q4 25 | $735.8M | $126.0M | ||
| Q3 25 | $766.6M | $54.9M | ||
| Q2 25 | $653.0M | $57.8M | ||
| Q1 25 | $654.4M | $40.8M | ||
| Q4 24 | $573.2M | $43.8M | ||
| Q3 24 | $699.4M | $46.7M | ||
| Q2 24 | $800.7M | $49.7M | ||
| Q1 24 | $1.0B | $52.7M |
| Q4 25 | $1.4B | $263.1M | ||
| Q3 25 | $1.4B | $260.7M | ||
| Q2 25 | $1.4B | $254.7M | ||
| Q1 25 | $1.4B | $258.2M | ||
| Q4 24 | $1.4B | $257.4M | ||
| Q3 24 | $1.4B | $275.3M | ||
| Q2 24 | $1.4B | $255.3M | ||
| Q1 24 | $1.5B | $254.3M |
| Q4 25 | $12.6B | $435.5M | ||
| Q3 25 | $12.4B | $383.3M | ||
| Q2 25 | $10.6B | $382.5M | ||
| Q1 25 | $10.0B | $354.2M | ||
| Q4 24 | $9.2B | $349.0M | ||
| Q3 24 | $8.9B | $374.1M | ||
| Q2 24 | $8.2B | $362.0M | ||
| Q1 24 | $7.4B | $354.7M |
| Q4 25 | 0.52× | 0.48× | ||
| Q3 25 | 0.55× | 0.21× | ||
| Q2 25 | 0.47× | 0.23× | ||
| Q1 25 | 0.47× | 0.16× | ||
| Q4 24 | 0.41× | 0.17× | ||
| Q3 24 | 0.48× | 0.17× | ||
| Q2 24 | 0.56× | 0.19× | ||
| Q1 24 | 0.67× | 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 | $134.0M | $337.0K |
| Free Cash FlowOCF − Capex | $125.9M | $-41.1M |
| FCF MarginFCF / Revenue | 291.6% | -94.7% |
| Capex IntensityCapex / Revenue | 18.9% | 95.5% |
| Cash ConversionOCF / Net Profit | 2.50× | 0.14× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-86.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $337.0K | ||
| Q3 25 | $6.9M | $12.7M | ||
| Q2 25 | $39.2M | $8.2M | ||
| Q1 25 | $25.8M | $9.1M | ||
| Q4 24 | $14.1M | $724.0K | ||
| Q3 24 | $-922.0K | $28.6M | ||
| Q2 24 | $-993.0K | $193.0K | ||
| Q1 24 | $-13.1M | $14.3M |
| Q4 25 | $125.9M | $-41.1M | ||
| Q3 25 | — | $-17.2M | ||
| Q2 25 | — | $-25.5M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | $-10.6M | $-8.3M | ||
| Q3 24 | $-8.6M | $16.0M | ||
| Q2 24 | $-8.6M | $-18.6M | ||
| Q1 24 | $-19.1M | $-7.7M |
| Q4 25 | 291.6% | -94.7% | ||
| Q3 25 | — | -37.9% | ||
| Q2 25 | — | -56.4% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | -39.6% | -29.8% | ||
| Q3 24 | -42.3% | 24.3% | ||
| Q2 24 | -44.9% | -42.9% | ||
| Q1 24 | -107.0% | -19.8% |
| Q4 25 | 18.9% | 95.5% | ||
| Q3 25 | — | 65.9% | ||
| Q2 25 | — | 74.6% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | 92.3% | 32.5% | ||
| Q3 24 | 37.7% | 19.1% | ||
| Q2 24 | 39.7% | 43.3% | ||
| Q1 24 | 33.5% | 56.7% |
| Q4 25 | 2.50× | 0.14× | ||
| Q3 25 | 0.15× | 2.43× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | 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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
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% |
