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Side-by-side financial comparison of BKV Corp (BKV) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.

Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $255.9M, roughly 1.3× BKV Corp). BKV Corp runs the higher net margin — 27.5% vs 0.7%, a 26.8% gap on every dollar of revenue.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

BKV vs UTZ — Head-to-Head

Bigger by revenue
UTZ
UTZ
1.3× larger
UTZ
$341.0M
$255.9M
BKV
Higher net margin
BKV
BKV
26.8% more per $
BKV
27.5%
0.7%
UTZ

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
BKV
BKV
UTZ
UTZ
Revenue
$255.9M
$341.0M
Net Profit
$70.4M
$2.3M
Gross Margin
25.5%
Operating Margin
39.3%
2.1%
Net Margin
27.5%
0.7%
Revenue YoY
-3.1%
Net Profit YoY
108.3%
EPS (diluted)
$0.78
$0.04

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.

Revenue
BKV
BKV
UTZ
UTZ
Q4 25
$255.9M
Q3 25
$199.8M
Q2 25
$207.1M
Q1 25
$231.0M
Q4 24
$341.0M
Q3 24
$133.5M
$365.5M
Q2 24
$356.2M
Q1 24
$346.5M
Net Profit
BKV
BKV
UTZ
UTZ
Q4 25
$70.4M
Q3 25
$76.8M
Q2 25
$104.6M
Q1 25
$-78.7M
Q4 24
$2.3M
Q3 24
$12.9M
$-2.2M
Q2 24
$19.8M
Q1 24
$-4.0M
Gross Margin
BKV
BKV
UTZ
UTZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
25.5%
Q3 24
26.9%
Q2 24
26.7%
Q1 24
25.5%
Operating Margin
BKV
BKV
UTZ
UTZ
Q4 25
39.3%
Q3 25
41.2%
Q2 25
62.0%
Q1 25
-40.6%
Q4 24
2.1%
Q3 24
-15.7%
5.3%
Q2 24
6.3%
Q1 24
2.8%
Net Margin
BKV
BKV
UTZ
UTZ
Q4 25
27.5%
Q3 25
38.5%
Q2 25
50.5%
Q1 25
-34.1%
Q4 24
0.7%
Q3 24
9.6%
-0.6%
Q2 24
5.6%
Q1 24
-1.2%
EPS (diluted)
BKV
BKV
UTZ
UTZ
Q4 25
$0.78
Q3 25
$0.90
Q2 25
$1.23
Q1 25
$-0.93
Q4 24
$0.04
Q3 24
$0.18
$-0.03
Q2 24
$0.23
Q1 24
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKV
BKV
UTZ
UTZ
Cash + ST InvestmentsLiquidity on hand
$199.4M
$56.1M
Total DebtLower is stronger
$486.8M
$768.6M
Stockholders' EquityBook value
$2.0B
$696.9M
Total Assets
$3.1B
$2.7B
Debt / EquityLower = less leverage
0.24×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKV
BKV
UTZ
UTZ
Q4 25
$199.4M
Q3 25
$83.1M
Q2 25
$21.4M
Q1 25
$15.3M
Q4 24
$56.1M
Q3 24
$31.3M
$64.9M
Q2 24
$66.6M
Q1 24
$47.0M
Total Debt
BKV
BKV
UTZ
UTZ
Q4 25
$486.8M
Q3 25
$486.6M
Q2 25
$200.0M
Q1 25
$200.0M
Q4 24
$768.6M
Q3 24
$190.0M
$780.8M
Q2 24
$797.6M
Q1 24
$756.9M
Stockholders' Equity
BKV
BKV
UTZ
UTZ
Q4 25
$2.0B
Q3 25
$1.8B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$696.9M
Q3 24
$1.6B
$685.7M
Q2 24
$686.0M
Q1 24
$671.1M
Total Assets
BKV
BKV
UTZ
UTZ
Q4 25
$3.1B
Q3 25
$2.9B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.7B
Q3 24
$2.3B
$2.6B
Q2 24
$2.7B
Q1 24
$2.6B
Debt / Equity
BKV
BKV
UTZ
UTZ
Q4 25
0.24×
Q3 25
0.27×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
1.10×
Q3 24
0.12×
1.14×
Q2 24
1.16×
Q1 24
1.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKV
BKV
UTZ
UTZ
Operating Cash FlowLast quarter
$69.4M
$54.2M
Free Cash FlowOCF − Capex
$16.5M
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
11.1%
Cash ConversionOCF / Net Profit
0.99×
23.67×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKV
BKV
UTZ
UTZ
Q4 25
$69.4M
Q3 25
$74.5M
Q2 25
$76.2M
Q1 25
$22.6M
Q4 24
$54.2M
Q3 24
$52.2M
Q2 24
$8.9M
Q1 24
$-9.1M
Free Cash Flow
BKV
BKV
UTZ
UTZ
Q4 25
Q3 25
$-126.9M
Q2 25
Q1 25
Q4 24
$16.5M
Q3 24
$29.1M
Q2 24
$-15.3M
Q1 24
$-22.7M
FCF Margin
BKV
BKV
UTZ
UTZ
Q4 25
Q3 25
-63.5%
Q2 25
Q1 25
Q4 24
4.8%
Q3 24
8.0%
Q2 24
-4.3%
Q1 24
-6.5%
Capex Intensity
BKV
BKV
UTZ
UTZ
Q4 25
Q3 25
100.9%
Q2 25
Q1 25
Q4 24
11.1%
Q3 24
6.3%
Q2 24
6.8%
Q1 24
3.9%
Cash Conversion
BKV
BKV
UTZ
UTZ
Q4 25
0.99×
Q3 25
0.97×
Q2 25
0.73×
Q1 25
Q4 24
23.67×
Q3 24
Q2 24
0.45×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

UTZ
UTZ

Segment breakdown not available.

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