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Side-by-side financial comparison of Montauk Renewables, Inc. (MNTK) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $43.4M, roughly 1.8× Montauk Renewables, Inc.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -178.3%, a 184.0% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-41.1M). Over the past eight quarters, Montauk Renewables, Inc.'s revenue compounded faster (5.8% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
MNTK vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.4M | $78.6M |
| Net Profit | $2.5M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | -3.8% | -182.2% |
| Net Margin | 5.7% | -178.3% |
| Revenue YoY | 56.7% | 0.4% |
| Net Profit YoY | 129.5% | -3304.1% |
| EPS (diluted) | $0.01 | $-1.68 |
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 | $43.4M | $78.6M | ||
| Q3 25 | $45.3M | $77.7M | ||
| Q2 25 | $45.1M | $75.6M | ||
| Q1 25 | $42.6M | $77.3M | ||
| Q4 24 | $27.7M | $78.3M | ||
| Q3 24 | $65.9M | $79.1M | ||
| Q2 24 | $43.3M | $74.9M | ||
| Q1 24 | $38.8M | $80.7M |
| Q4 25 | $2.5M | $-140.1M | ||
| Q3 25 | $5.2M | $-6.4M | ||
| Q2 25 | $-5.5M | $-102.3M | ||
| Q1 25 | $-464.0K | $-7.9M | ||
| Q4 24 | $-8.5M | $-4.1M | ||
| Q3 24 | $17.0M | $3.2M | ||
| Q2 24 | $-712.0K | $-4.1M | ||
| Q1 24 | $1.9M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | 43.8% | 77.8% | ||
| Q2 24 | 15.6% | 78.2% | ||
| Q1 24 | 22.8% | 76.2% |
| Q4 25 | -3.8% | -182.2% | ||
| Q3 25 | 9.8% | -3.9% | ||
| Q2 25 | -5.2% | -138.7% | ||
| Q1 25 | 1.0% | -4.7% | ||
| Q4 24 | -35.5% | -1.5% | ||
| Q3 24 | 34.4% | -0.9% | ||
| Q2 24 | 2.0% | -4.6% | ||
| Q1 24 | 6.1% | -3.1% |
| Q4 25 | 5.7% | -178.3% | ||
| Q3 25 | 11.5% | -8.3% | ||
| Q2 25 | -12.2% | -135.2% | ||
| Q1 25 | -1.1% | -10.3% | ||
| Q4 24 | -30.5% | -5.3% | ||
| Q3 24 | 25.9% | 4.1% | ||
| Q2 24 | -1.6% | -5.4% | ||
| Q1 24 | 4.8% | -6.5% |
| Q4 25 | $0.01 | $-1.68 | ||
| Q3 25 | $0.04 | $-0.08 | ||
| Q2 25 | $-0.04 | $-1.15 | ||
| Q1 25 | $0.00 | $-0.09 | ||
| Q4 24 | $-0.05 | $-0.04 | ||
| Q3 24 | $0.12 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.04 | ||
| Q1 24 | $0.01 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.8M | $115.7M |
| Total DebtLower is stronger | $126.0M | $280.1M |
| Stockholders' EquityBook value | $263.1M | $484.4M |
| Total Assets | $435.5M | $1.2B |
| Debt / EquityLower = less leverage | 0.48× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $115.7M | ||
| Q3 25 | $6.8M | $95.7M | ||
| Q2 25 | $29.1M | $162.6M | ||
| Q1 25 | $40.1M | $165.5M | ||
| Q4 24 | $45.6M | $189.5M | ||
| Q3 24 | $55.0M | $168.7M | ||
| Q2 24 | $42.3M | $147.1M | ||
| Q1 24 | $63.3M | $128.3M |
| Q4 25 | $126.0M | $280.1M | ||
| Q3 25 | $54.9M | $279.5M | ||
| Q2 25 | $57.8M | $279.0M | ||
| Q1 25 | $40.8M | $497.6M | ||
| Q4 24 | $43.8M | $496.8M | ||
| Q3 24 | $46.7M | $496.2M | ||
| Q2 24 | $49.7M | $435.6M | ||
| Q1 24 | $52.7M | $434.9M |
| Q4 25 | $263.1M | $484.4M | ||
| Q3 25 | $260.7M | $616.9M | ||
| Q2 25 | $254.7M | $633.7M | ||
| Q1 25 | $258.2M | $755.7M | ||
| Q4 24 | $257.4M | $761.3M | ||
| Q3 24 | $275.3M | $754.7M | ||
| Q2 24 | $255.3M | $815.4M | ||
| Q1 24 | $254.3M | $813.8M |
| Q4 25 | $435.5M | $1.2B | ||
| Q3 25 | $383.3M | $1.3B | ||
| Q2 25 | $382.5M | $1.4B | ||
| Q1 25 | $354.2M | $1.5B | ||
| Q4 24 | $349.0M | $1.6B | ||
| Q3 24 | $374.1M | $1.6B | ||
| Q2 24 | $362.0M | $1.5B | ||
| Q1 24 | $354.7M | $1.5B |
| Q4 25 | 0.48× | 0.58× | ||
| Q3 25 | 0.21× | 0.45× | ||
| Q2 25 | 0.23× | 0.44× | ||
| Q1 25 | 0.16× | 0.66× | ||
| Q4 24 | 0.17× | 0.65× | ||
| Q3 24 | 0.17× | 0.66× | ||
| Q2 24 | 0.19× | 0.53× | ||
| Q1 24 | 0.21× | 0.53× |
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 | $337.0K | $23.3M |
| Free Cash FlowOCF − Capex | $-41.1M | $23.2M |
| FCF MarginFCF / Revenue | -94.7% | 29.6% |
| Capex IntensityCapex / Revenue | 95.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-86.2M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.0K | $23.3M | ||
| Q3 25 | $12.7M | $32.2M | ||
| Q2 25 | $8.2M | $33.1M | ||
| Q1 25 | $9.1M | $2.5M | ||
| Q4 24 | $724.0K | $34.3M | ||
| Q3 24 | $28.6M | $60.1M | ||
| Q2 24 | $193.0K | $31.0M | ||
| Q1 24 | $14.3M | $24.8M |
| Q4 25 | $-41.1M | $23.2M | ||
| Q3 25 | $-17.2M | $32.1M | ||
| Q2 25 | $-25.5M | $33.0M | ||
| Q1 25 | $-2.5M | $2.4M | ||
| Q4 24 | $-8.3M | $34.0M | ||
| Q3 24 | $16.0M | $59.8M | ||
| Q2 24 | $-18.6M | $30.5M | ||
| Q1 24 | $-7.7M | $24.7M |
| Q4 25 | -94.7% | 29.6% | ||
| Q3 25 | -37.9% | 41.3% | ||
| Q2 25 | -56.4% | 43.6% | ||
| Q1 25 | -5.8% | 3.0% | ||
| Q4 24 | -29.8% | 43.5% | ||
| Q3 24 | 24.3% | 75.6% | ||
| Q2 24 | -42.9% | 40.7% | ||
| Q1 24 | -19.8% | 30.6% |
| Q4 25 | 95.5% | 0.1% | ||
| Q3 25 | 65.9% | 0.2% | ||
| Q2 25 | 74.6% | 0.1% | ||
| Q1 25 | 27.3% | 0.2% | ||
| Q4 24 | 32.5% | 0.3% | ||
| Q3 24 | 19.1% | 0.3% | ||
| Q2 24 | 43.3% | 0.6% | ||
| Q1 24 | 56.7% | 0.1% |
| Q4 25 | 0.14× | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.68× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
