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Side-by-side financial comparison of FGI Industries Ltd. (FGI) 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 $30.5M, roughly 1.4× FGI Industries Ltd.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -8.6%, a 14.4% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-41.1M). Over the past eight quarters, Montauk Renewables, Inc.'s revenue compounded faster (5.8% CAGR vs -0.5%).
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
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.
FGI vs MNTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $43.4M |
| Net Profit | $-2.6M | $2.5M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | -3.8% |
| Net Margin | -8.6% | 5.7% |
| Revenue YoY | -14.4% | 56.7% |
| Net Profit YoY | -553.1% | 129.5% |
| EPS (diluted) | $-1.63 | $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 | $30.5M | $43.4M | ||
| Q3 25 | $35.8M | $45.3M | ||
| Q2 25 | $31.0M | $45.1M | ||
| Q1 25 | $33.2M | $42.6M | ||
| Q4 24 | $35.6M | $27.7M | ||
| Q3 24 | $36.1M | $65.9M | ||
| Q2 24 | $29.4M | $43.3M | ||
| Q1 24 | $30.8M | $38.8M |
| Q4 25 | $-2.6M | $2.5M | ||
| Q3 25 | $-1.7M | $5.2M | ||
| Q2 25 | $-1.2M | $-5.5M | ||
| Q1 25 | $-629.1K | $-464.0K | ||
| Q4 24 | $-402.3K | $-8.5M | ||
| Q3 24 | $-550.1K | $17.0M | ||
| Q2 24 | $163.6K | $-712.0K | ||
| Q1 24 | $-412.2K | $1.9M |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 26.8% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.8% | 43.8% | ||
| Q2 24 | 30.5% | 15.6% | ||
| Q1 24 | 27.4% | 22.8% |
| Q4 25 | -2.2% | -3.8% | ||
| Q3 25 | 1.0% | 9.8% | ||
| Q2 25 | -2.7% | -5.2% | ||
| Q1 25 | -3.9% | 1.0% | ||
| Q4 24 | -3.5% | -35.5% | ||
| Q3 24 | -0.2% | 34.4% | ||
| Q2 24 | -1.5% | 2.0% | ||
| Q1 24 | -1.0% | 6.1% |
| Q4 25 | -8.6% | 5.7% | ||
| Q3 25 | -4.6% | 11.5% | ||
| Q2 25 | -4.0% | -12.2% | ||
| Q1 25 | -1.9% | -1.1% | ||
| Q4 24 | -1.1% | -30.5% | ||
| Q3 24 | -1.5% | 25.9% | ||
| Q2 24 | 0.6% | -1.6% | ||
| Q1 24 | -1.3% | 4.8% |
| Q4 25 | $-1.63 | $0.01 | ||
| Q3 25 | $-0.86 | $0.04 | ||
| Q2 25 | $-0.64 | $-0.04 | ||
| Q1 25 | $-0.07 | $0.00 | ||
| Q4 24 | $-0.38 | $-0.05 | ||
| Q3 24 | $-0.29 | $0.12 | ||
| Q2 24 | $0.08 | $-0.01 | ||
| Q1 24 | $-0.04 | $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 | $1.9M | $23.8M |
| Total DebtLower is stronger | — | $126.0M |
| Stockholders' EquityBook value | $17.3M | $263.1M |
| Total Assets | $69.5M | $435.5M |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $23.8M | ||
| Q3 25 | $1.9M | $6.8M | ||
| Q2 25 | $2.5M | $29.1M | ||
| Q1 25 | $1.2M | $40.1M | ||
| Q4 24 | $4.6M | $45.6M | ||
| Q3 24 | $3.0M | $55.0M | ||
| Q2 24 | $1.3M | $42.3M | ||
| Q1 24 | $3.3M | $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 | $17.3M | $263.1M | ||
| Q3 25 | $19.7M | $260.7M | ||
| Q2 25 | $21.3M | $254.7M | ||
| Q1 25 | $21.8M | $258.2M | ||
| Q4 24 | $22.3M | $257.4M | ||
| Q3 24 | $23.5M | $275.3M | ||
| Q2 24 | $23.8M | $255.3M | ||
| Q1 24 | $23.9M | $254.3M |
| Q4 25 | $69.5M | $435.5M | ||
| Q3 25 | $73.0M | $383.3M | ||
| Q2 25 | $71.7M | $382.5M | ||
| Q1 25 | $68.5M | $354.2M | ||
| Q4 24 | $75.5M | $349.0M | ||
| Q3 24 | $74.7M | $374.1M | ||
| Q2 24 | $69.9M | $362.0M | ||
| Q1 24 | $68.6M | $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 | $2.3M | $337.0K |
| Free Cash FlowOCF − Capex | $2.3M | $-41.1M |
| FCF MarginFCF / Revenue | 7.5% | -94.7% |
| Capex IntensityCapex / Revenue | 0.2% | 95.5% |
| Cash ConversionOCF / Net Profit | — | 0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-86.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $337.0K | ||
| Q3 25 | $-1.9M | $12.7M | ||
| Q2 25 | $7.6M | $8.2M | ||
| Q1 25 | $-7.4M | $9.1M | ||
| Q4 24 | $617.4K | $724.0K | ||
| Q3 24 | $-915.0K | $28.6M | ||
| Q2 24 | $862.1K | $193.0K | ||
| Q1 24 | $-8.0M | $14.3M |
| Q4 25 | $2.3M | $-41.1M | ||
| Q3 25 | $-2.1M | $-17.2M | ||
| Q2 25 | $7.4M | $-25.5M | ||
| Q1 25 | $-7.7M | $-2.5M | ||
| Q4 24 | $-214.1K | $-8.3M | ||
| Q3 24 | $-1.1M | $16.0M | ||
| Q2 24 | $281.5K | $-18.6M | ||
| Q1 24 | $-8.6M | $-7.7M |
| Q4 25 | 7.5% | -94.7% | ||
| Q3 25 | -5.9% | -37.9% | ||
| Q2 25 | 23.8% | -56.4% | ||
| Q1 25 | -23.3% | -5.8% | ||
| Q4 24 | -0.6% | -29.8% | ||
| Q3 24 | -3.0% | 24.3% | ||
| Q2 24 | 1.0% | -42.9% | ||
| Q1 24 | -28.0% | -19.8% |
| Q4 25 | 0.2% | 95.5% | ||
| Q3 25 | 0.7% | 65.9% | ||
| Q2 25 | 0.7% | 74.6% | ||
| Q1 25 | 1.1% | 27.3% | ||
| Q4 24 | 2.3% | 32.5% | ||
| Q3 24 | 0.5% | 19.1% | ||
| Q2 24 | 2.0% | 43.3% | ||
| Q1 24 | 2.0% | 56.7% |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 2.43× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | 7.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
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% |
