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

Montauk Renewables, Inc. is the larger business by last-quarter revenue ($43.4M vs $39.4M, roughly 1.1× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 5.7%, a 49.2% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 1.1%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-41.1M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

MNTK vs SD — Head-to-Head

Bigger by revenue
MNTK
MNTK
1.1× larger
MNTK
$43.4M
$39.4M
SD
Growing faster (revenue YoY)
MNTK
MNTK
+55.6% gap
MNTK
56.7%
1.1%
SD
Higher net margin
SD
SD
49.2% more per $
SD
54.9%
5.7%
MNTK
More free cash flow
SD
SD
$55.5M more FCF
SD
$14.4M
$-41.1M
MNTK
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
5.8%
MNTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MNTK
MNTK
SD
SD
Revenue
$43.4M
$39.4M
Net Profit
$2.5M
$21.6M
Gross Margin
Operating Margin
-3.8%
38.5%
Net Margin
5.7%
54.9%
Revenue YoY
56.7%
1.1%
Net Profit YoY
129.5%
23.1%
EPS (diluted)
$0.01
$0.59

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
SD
SD
Q4 25
$43.4M
$39.4M
Q3 25
$45.3M
$39.8M
Q2 25
$45.1M
$34.5M
Q1 25
$42.6M
$42.6M
Q4 24
$27.7M
$39.0M
Q3 24
$65.9M
$30.1M
Q2 24
$43.3M
$26.0M
Q1 24
$38.8M
$30.3M
Net Profit
MNTK
MNTK
SD
SD
Q4 25
$2.5M
$21.6M
Q3 25
$5.2M
$16.0M
Q2 25
$-5.5M
$19.6M
Q1 25
$-464.0K
$13.0M
Q4 24
$-8.5M
$17.6M
Q3 24
$17.0M
$25.5M
Q2 24
$-712.0K
$8.8M
Q1 24
$1.9M
$11.1M
Gross Margin
MNTK
MNTK
SD
SD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
43.8%
Q2 24
15.6%
Q1 24
22.8%
Operating Margin
MNTK
MNTK
SD
SD
Q4 25
-3.8%
38.5%
Q3 25
9.8%
37.8%
Q2 25
-5.2%
53.7%
Q1 25
1.0%
28.6%
Q4 24
-35.5%
25.9%
Q3 24
34.4%
28.3%
Q2 24
2.0%
23.9%
Q1 24
6.1%
27.8%
Net Margin
MNTK
MNTK
SD
SD
Q4 25
5.7%
54.9%
Q3 25
11.5%
40.1%
Q2 25
-12.2%
56.6%
Q1 25
-1.1%
30.6%
Q4 24
-30.5%
45.1%
Q3 24
25.9%
84.8%
Q2 24
-1.6%
33.9%
Q1 24
4.8%
36.7%
EPS (diluted)
MNTK
MNTK
SD
SD
Q4 25
$0.01
$0.59
Q3 25
$0.04
$0.43
Q2 25
$-0.04
$0.53
Q1 25
$0.00
$0.35
Q4 24
$-0.05
$0.46
Q3 24
$0.12
$0.69
Q2 24
$-0.01
$0.24
Q1 24
$0.01
$0.30

Balance Sheet & Financial Strength

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

Metric
MNTK
MNTK
SD
SD
Cash + ST InvestmentsLiquidity on hand
$23.8M
$111.0M
Total DebtLower is stronger
$126.0M
Stockholders' EquityBook value
$263.1M
$510.9M
Total Assets
$435.5M
$644.0M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTK
MNTK
SD
SD
Q4 25
$23.8M
$111.0M
Q3 25
$6.8M
$101.2M
Q2 25
$29.1M
$102.8M
Q1 25
$40.1M
$99.7M
Q4 24
$45.6M
$98.1M
Q3 24
$55.0M
$92.7M
Q2 24
$42.3M
$209.9M
Q1 24
$63.3M
$207.0M
Total Debt
MNTK
MNTK
SD
SD
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
Stockholders' Equity
MNTK
MNTK
SD
SD
Q4 25
$263.1M
$510.9M
Q3 25
$260.7M
$492.4M
Q2 25
$254.7M
$480.2M
Q1 25
$258.2M
$464.9M
Q4 24
$257.4M
$460.5M
Q3 24
$275.3M
$446.8M
Q2 24
$255.3M
$424.8M
Q1 24
$254.3M
$419.7M
Total Assets
MNTK
MNTK
SD
SD
Q4 25
$435.5M
$644.0M
Q3 25
$383.3M
$619.0M
Q2 25
$382.5M
$602.3M
Q1 25
$354.2M
$588.3M
Q4 24
$349.0M
$581.5M
Q3 24
$374.1M
$565.2M
Q2 24
$362.0M
$529.6M
Q1 24
$354.7M
$527.4M
Debt / Equity
MNTK
MNTK
SD
SD
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
MNTK
MNTK
SD
SD
Operating Cash FlowLast quarter
$337.0K
$31.7M
Free Cash FlowOCF − Capex
$-41.1M
$14.4M
FCF MarginFCF / Revenue
-94.7%
36.6%
Capex IntensityCapex / Revenue
95.5%
43.8%
Cash ConversionOCF / Net Profit
0.14×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$-86.2M
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTK
MNTK
SD
SD
Q4 25
$337.0K
$31.7M
Q3 25
$12.7M
$25.3M
Q2 25
$8.2M
$22.9M
Q1 25
$9.1M
$20.3M
Q4 24
$724.0K
$26.0M
Q3 24
$28.6M
$20.8M
Q2 24
$193.0K
$11.4M
Q1 24
$14.3M
$15.7M
Free Cash Flow
MNTK
MNTK
SD
SD
Q4 25
$-41.1M
$14.4M
Q3 25
$-17.2M
$5.9M
Q2 25
$-25.5M
$7.3M
Q1 25
$-2.5M
$13.9M
Q4 24
$-8.3M
$13.2M
Q3 24
$16.0M
$10.8M
Q2 24
$-18.6M
$9.0M
Q1 24
$-7.7M
$14.6M
FCF Margin
MNTK
MNTK
SD
SD
Q4 25
-94.7%
36.6%
Q3 25
-37.9%
14.9%
Q2 25
-56.4%
21.0%
Q1 25
-5.8%
32.7%
Q4 24
-29.8%
33.8%
Q3 24
24.3%
36.1%
Q2 24
-42.9%
34.5%
Q1 24
-19.8%
48.1%
Capex Intensity
MNTK
MNTK
SD
SD
Q4 25
95.5%
43.8%
Q3 25
65.9%
48.6%
Q2 25
74.6%
45.2%
Q1 25
27.3%
15.0%
Q4 24
32.5%
32.9%
Q3 24
19.1%
33.3%
Q2 24
43.3%
9.4%
Q1 24
56.7%
3.7%
Cash Conversion
MNTK
MNTK
SD
SD
Q4 25
0.14×
1.46×
Q3 25
2.43×
1.58×
Q2 25
1.17×
Q1 25
1.56×
Q4 24
1.48×
Q3 24
1.68×
0.82×
Q2 24
1.30×
Q1 24
7.73×
1.41×

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%

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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