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Side-by-side financial comparison of LandBridge Co LLC (LB) and Montauk Renewables, Inc. (MNTK). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $43.4M, roughly 1.3× Montauk Renewables, Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs 5.7%, a 8.4% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 55.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-41.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
LB vs MNTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $43.4M |
| Net Profit | $8.1M | $2.5M |
| Gross Margin | — | — |
| Operating Margin | 60.0% | -3.8% |
| Net Margin | 14.2% | 5.7% |
| Revenue YoY | 55.6% | 56.7% |
| Net Profit YoY | -83.7% | 129.5% |
| EPS (diluted) | $0.24 | $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 | $56.8M | $43.4M | ||
| Q3 25 | $50.8M | $45.3M | ||
| Q2 25 | $47.5M | $45.1M | ||
| Q1 25 | $44.0M | $42.6M | ||
| Q4 24 | $36.5M | $27.7M | ||
| Q3 24 | $28.5M | $65.9M | ||
| Q2 24 | $26.0M | $43.3M | ||
| Q1 24 | $19.0M | $38.8M |
| Q4 25 | $8.1M | $2.5M | ||
| Q3 25 | $8.1M | $5.2M | ||
| Q2 25 | $7.5M | $-5.5M | ||
| Q1 25 | $6.5M | $-464.0K | ||
| Q4 24 | $49.3M | $-8.5M | ||
| Q3 24 | $2.7M | $17.0M | ||
| Q2 24 | $-57.7M | $-712.0K | ||
| Q1 24 | $10.8M | $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 | 60.0% | -3.8% | ||
| Q3 25 | 60.8% | 9.8% | ||
| Q2 25 | 60.0% | -5.2% | ||
| Q1 25 | 57.0% | 1.0% | ||
| Q4 24 | 49.4% | -35.5% | ||
| Q3 24 | 11.2% | 34.4% | ||
| Q2 24 | -197.4% | 2.0% | ||
| Q1 24 | 71.1% | 6.1% |
| Q4 25 | 14.2% | 5.7% | ||
| Q3 25 | 15.9% | 11.5% | ||
| Q2 25 | 15.8% | -12.2% | ||
| Q1 25 | 14.7% | -1.1% | ||
| Q4 24 | 135.2% | -30.5% | ||
| Q3 24 | 9.3% | 25.9% | ||
| Q2 24 | -222.1% | -1.6% | ||
| Q1 24 | 56.7% | 4.8% |
| Q4 25 | $0.24 | $0.01 | ||
| Q3 25 | $0.26 | $0.04 | ||
| Q2 25 | $0.24 | $-0.04 | ||
| Q1 25 | $0.20 | $0.00 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $-0.04 | $0.12 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $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 | $30.7M | $23.8M |
| Total DebtLower is stronger | $570.7M | $126.0M |
| Stockholders' EquityBook value | $340.3M | $263.1M |
| Total Assets | $1.4B | $435.5M |
| Debt / EquityLower = less leverage | 1.68× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $23.8M | ||
| Q3 25 | $28.3M | $6.8M | ||
| Q2 25 | $20.3M | $29.1M | ||
| Q1 25 | $14.9M | $40.1M | ||
| Q4 24 | $37.0M | $45.6M | ||
| Q3 24 | $14.4M | $55.0M | ||
| Q2 24 | $24.6M | $42.3M | ||
| Q1 24 | — | $63.3M |
| Q4 25 | $570.7M | $126.0M | ||
| Q3 25 | $366.1M | $54.9M | ||
| Q2 25 | $370.9M | $57.8M | ||
| Q1 25 | $375.5M | $40.8M | ||
| Q4 24 | $385.5M | $43.8M | ||
| Q3 24 | $242.4M | $46.7M | ||
| Q2 24 | $360.8M | $49.7M | ||
| Q1 24 | — | $52.7M |
| Q4 25 | $340.3M | $263.1M | ||
| Q3 25 | $272.0M | $260.7M | ||
| Q2 25 | $266.4M | $254.7M | ||
| Q1 25 | $217.0M | $258.2M | ||
| Q4 24 | $211.8M | $257.4M | ||
| Q3 24 | $97.2M | $275.3M | ||
| Q2 24 | $296.4M | $255.3M | ||
| Q1 24 | $162.3M | $254.3M |
| Q4 25 | $1.4B | $435.5M | ||
| Q3 25 | $1.1B | $383.3M | ||
| Q2 25 | $1.1B | $382.5M | ||
| Q1 25 | $1.0B | $354.2M | ||
| Q4 24 | $1.0B | $349.0M | ||
| Q3 24 | $689.9M | $374.1M | ||
| Q2 24 | $710.5M | $362.0M | ||
| Q1 24 | — | $354.7M |
| Q4 25 | 1.68× | 0.48× | ||
| Q3 25 | 1.35× | 0.21× | ||
| Q2 25 | 1.39× | 0.23× | ||
| Q1 25 | 1.73× | 0.16× | ||
| Q4 24 | 1.82× | 0.17× | ||
| Q3 24 | 2.49× | 0.17× | ||
| Q2 24 | 1.22× | 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 | $126.3M | $337.0K |
| Free Cash FlowOCF − Capex | $122.0M | $-41.1M |
| FCF MarginFCF / Revenue | 214.9% | -94.7% |
| Capex IntensityCapex / Revenue | 7.5% | 95.5% |
| Cash ConversionOCF / Net Profit | 15.68× | 0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $-86.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $337.0K | ||
| Q3 25 | $34.9M | $12.7M | ||
| Q2 25 | $37.3M | $8.2M | ||
| Q1 25 | $15.9M | $9.1M | ||
| Q4 24 | $67.6M | $724.0K | ||
| Q3 24 | $7.5M | $28.6M | ||
| Q2 24 | $16.0M | $193.0K | ||
| Q1 24 | $17.2M | $14.3M |
| Q4 25 | $122.0M | $-41.1M | ||
| Q3 25 | $33.7M | $-17.2M | ||
| Q2 25 | $36.1M | $-25.5M | ||
| Q1 25 | $15.8M | $-2.5M | ||
| Q4 24 | $66.7M | $-8.3M | ||
| Q3 24 | $7.1M | $16.0M | ||
| Q2 24 | $15.7M | $-18.6M | ||
| Q1 24 | $17.1M | $-7.7M |
| Q4 25 | 214.9% | -94.7% | ||
| Q3 25 | 66.3% | -37.9% | ||
| Q2 25 | 75.9% | -56.4% | ||
| Q1 25 | 36.0% | -5.8% | ||
| Q4 24 | 182.6% | -29.8% | ||
| Q3 24 | 25.1% | 24.3% | ||
| Q2 24 | 60.4% | -42.9% | ||
| Q1 24 | 90.1% | -19.8% |
| Q4 25 | 7.5% | 95.5% | ||
| Q3 25 | 2.3% | 65.9% | ||
| Q2 25 | 2.6% | 74.6% | ||
| Q1 25 | 0.2% | 27.3% | ||
| Q4 24 | 2.7% | 32.5% | ||
| Q3 24 | 1.1% | 19.1% | ||
| Q2 24 | 1.4% | 43.3% | ||
| Q1 24 | 0.5% | 56.7% |
| Q4 25 | 15.68× | 0.14× | ||
| Q3 25 | 4.31× | 2.43× | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | 1.68× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.60× | 7.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
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% |
