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Side-by-side financial comparison of Montauk Renewables, Inc. (MNTK) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $43.4M, roughly 1.6× Montauk Renewables, Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 5.7%, a 378.3% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 21.2%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

MNTK vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.6× larger
RIGL
$69.8M
$43.4M
MNTK
Growing faster (revenue YoY)
MNTK
MNTK
+35.5% gap
MNTK
56.7%
21.2%
RIGL
Higher net margin
RIGL
RIGL
378.3% more per $
RIGL
384.0%
5.7%
MNTK
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
5.8%
MNTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MNTK
MNTK
RIGL
RIGL
Revenue
$43.4M
$69.8M
Net Profit
$2.5M
$268.1M
Gross Margin
91.5%
Operating Margin
-3.8%
33.2%
Net Margin
5.7%
384.0%
Revenue YoY
56.7%
21.2%
Net Profit YoY
129.5%
1769.2%
EPS (diluted)
$0.01
$14.11

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
MNTK
MNTK
RIGL
RIGL
Q4 25
$43.4M
$69.8M
Q3 25
$45.3M
$69.5M
Q2 25
$45.1M
$101.7M
Q1 25
$42.6M
$53.3M
Q4 24
$27.7M
$57.6M
Q3 24
$65.9M
$55.3M
Q2 24
$43.3M
$36.8M
Q1 24
$38.8M
$29.5M
Net Profit
MNTK
MNTK
RIGL
RIGL
Q4 25
$2.5M
$268.1M
Q3 25
$5.2M
$27.9M
Q2 25
$-5.5M
$59.6M
Q1 25
$-464.0K
$11.4M
Q4 24
$-8.5M
$14.3M
Q3 24
$17.0M
$12.4M
Q2 24
$-712.0K
$-1.0M
Q1 24
$1.9M
$-8.2M
Gross Margin
MNTK
MNTK
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
43.8%
85.5%
Q2 24
15.6%
92.4%
Q1 24
22.8%
93.1%
Operating Margin
MNTK
MNTK
RIGL
RIGL
Q4 25
-3.8%
33.2%
Q3 25
9.8%
40.9%
Q2 25
-5.2%
60.1%
Q1 25
1.0%
23.9%
Q4 24
-35.5%
28.9%
Q3 24
34.4%
25.4%
Q2 24
2.0%
1.2%
Q1 24
6.1%
-23.6%
Net Margin
MNTK
MNTK
RIGL
RIGL
Q4 25
5.7%
384.0%
Q3 25
11.5%
40.2%
Q2 25
-12.2%
58.6%
Q1 25
-1.1%
21.5%
Q4 24
-30.5%
24.9%
Q3 24
25.9%
22.5%
Q2 24
-1.6%
-2.8%
Q1 24
4.8%
-27.9%
EPS (diluted)
MNTK
MNTK
RIGL
RIGL
Q4 25
$0.01
$14.11
Q3 25
$0.04
$1.46
Q2 25
$-0.04
$3.28
Q1 25
$0.00
$0.63
Q4 24
$-0.05
$0.82
Q3 24
$0.12
$0.70
Q2 24
$-0.01
$-0.06
Q1 24
$0.01
$-0.47

Balance Sheet & Financial Strength

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

Metric
MNTK
MNTK
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$23.8M
$155.0M
Total DebtLower is stronger
$126.0M
$52.5M
Stockholders' EquityBook value
$263.1M
$391.5M
Total Assets
$435.5M
$513.6M
Debt / EquityLower = less leverage
0.48×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTK
MNTK
RIGL
RIGL
Q4 25
$23.8M
$155.0M
Q3 25
$6.8M
$137.1M
Q2 25
$29.1M
$108.4M
Q1 25
$40.1M
$77.1M
Q4 24
$45.6M
$77.3M
Q3 24
$55.0M
$61.1M
Q2 24
$42.3M
$49.1M
Q1 24
$63.3M
$49.5M
Total Debt
MNTK
MNTK
RIGL
RIGL
Q4 25
$126.0M
$52.5M
Q3 25
$54.9M
$60.0M
Q2 25
$57.8M
$60.0M
Q1 25
$40.8M
$60.0M
Q4 24
$43.8M
$60.0M
Q3 24
$46.7M
$60.0M
Q2 24
$49.7M
$60.0M
Q1 24
$52.7M
$60.0M
Stockholders' Equity
MNTK
MNTK
RIGL
RIGL
Q4 25
$263.1M
$391.5M
Q3 25
$260.7M
$117.6M
Q2 25
$254.7M
$81.9M
Q1 25
$258.2M
$18.6M
Q4 24
$257.4M
$3.3M
Q3 24
$275.3M
$-14.6M
Q2 24
$255.3M
$-29.9M
Q1 24
$254.3M
$-31.7M
Total Assets
MNTK
MNTK
RIGL
RIGL
Q4 25
$435.5M
$513.6M
Q3 25
$383.3M
$242.5M
Q2 25
$382.5M
$206.7M
Q1 25
$354.2M
$176.0M
Q4 24
$349.0M
$164.0M
Q3 24
$374.1M
$139.4M
Q2 24
$362.0M
$128.4M
Q1 24
$354.7M
$126.5M
Debt / Equity
MNTK
MNTK
RIGL
RIGL
Q4 25
0.48×
0.13×
Q3 25
0.21×
0.51×
Q2 25
0.23×
0.73×
Q1 25
0.16×
3.23×
Q4 24
0.17×
18.25×
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
MNTK
MNTK
RIGL
RIGL
Operating Cash FlowLast quarter
$337.0K
$22.0M
Free Cash FlowOCF − Capex
$-41.1M
FCF MarginFCF / Revenue
-94.7%
Capex IntensityCapex / Revenue
95.5%
Cash ConversionOCF / Net Profit
0.14×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-86.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTK
MNTK
RIGL
RIGL
Q4 25
$337.0K
$22.0M
Q3 25
$12.7M
$24.0M
Q2 25
$8.2M
$30.5M
Q1 25
$9.1M
$-893.0K
Q4 24
$724.0K
$14.5M
Q3 24
$28.6M
$21.7M
Q2 24
$193.0K
$302.0K
Q1 24
$14.3M
$-5.0M
Free Cash Flow
MNTK
MNTK
RIGL
RIGL
Q4 25
$-41.1M
Q3 25
$-17.2M
Q2 25
$-25.5M
Q1 25
$-2.5M
Q4 24
$-8.3M
Q3 24
$16.0M
Q2 24
$-18.6M
Q1 24
$-7.7M
FCF Margin
MNTK
MNTK
RIGL
RIGL
Q4 25
-94.7%
Q3 25
-37.9%
Q2 25
-56.4%
Q1 25
-5.8%
Q4 24
-29.8%
Q3 24
24.3%
Q2 24
-42.9%
Q1 24
-19.8%
Capex Intensity
MNTK
MNTK
RIGL
RIGL
Q4 25
95.5%
Q3 25
65.9%
Q2 25
74.6%
Q1 25
27.3%
Q4 24
32.5%
Q3 24
19.1%
Q2 24
43.3%
Q1 24
56.7%
Cash Conversion
MNTK
MNTK
RIGL
RIGL
Q4 25
0.14×
0.08×
Q3 25
2.43×
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.68×
1.75×
Q2 24
Q1 24
7.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MNTK
MNTK

Natural Gas Environmental Attributes$28.1M65%
Natural Gas Commodity$10.7M25%
Electric Commodity$2.7M6%
Electric Environmental Attributes$2.0M5%

RIGL
RIGL

Segment breakdown not available.

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