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Side-by-side financial comparison of Montauk Renewables, Inc. (MNTK) and Star Holdings (STHO). Click either name above to swap in a different company.

Montauk Renewables, Inc. is the larger business by last-quarter revenue ($43.4M vs $25.4M, roughly 1.7× Star Holdings). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -75.5%, a 81.2% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs -22.6%). Over the past eight quarters, Montauk Renewables, Inc.'s revenue compounded faster (5.8% CAGR vs -0.2%).

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.

Blue Star Ltd is an Indian multinational home appliances company, headquartered in Mumbai. It specializes in air conditioning, commercial refrigeration and MEP. It is the country's second largest homegrown player in the air conditioning space.

MNTK vs STHO — Head-to-Head

Bigger by revenue
MNTK
MNTK
1.7× larger
MNTK
$43.4M
$25.4M
STHO
Growing faster (revenue YoY)
MNTK
MNTK
+79.3% gap
MNTK
56.7%
-22.6%
STHO
Higher net margin
MNTK
MNTK
81.2% more per $
MNTK
5.7%
-75.5%
STHO
Faster 2-yr revenue CAGR
MNTK
MNTK
Annualised
MNTK
5.8%
-0.2%
STHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MNTK
MNTK
STHO
STHO
Revenue
$43.4M
$25.4M
Net Profit
$2.5M
$-19.1M
Gross Margin
Operating Margin
-3.8%
-91.7%
Net Margin
5.7%
-75.5%
Revenue YoY
56.7%
-22.6%
Net Profit YoY
129.5%
81.3%
EPS (diluted)
$0.01
$-1.52

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
STHO
STHO
Q4 25
$43.4M
$25.4M
Q3 25
$45.3M
$28.1M
Q2 25
$45.1M
$42.1M
Q1 25
$42.6M
$14.6M
Q4 24
$27.7M
$32.8M
Q3 24
$65.9M
$24.6M
Q2 24
$43.3M
$30.6M
Q1 24
$38.8M
$25.4M
Net Profit
MNTK
MNTK
STHO
STHO
Q4 25
$2.5M
$-19.1M
Q3 25
$5.2M
$1.8M
Q2 25
$-5.5M
$-39.3M
Q1 25
$-464.0K
$-7.6M
Q4 24
$-8.5M
$-102.6M
Q3 24
$17.0M
$91.9M
Q2 24
$-712.0K
$-27.1M
Q1 24
$1.9M
$-49.0M
Gross Margin
MNTK
MNTK
STHO
STHO
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
STHO
STHO
Q4 25
-3.8%
-91.7%
Q3 25
9.8%
1.0%
Q2 25
-5.2%
-94.5%
Q1 25
1.0%
-55.0%
Q4 24
-35.5%
-314.1%
Q3 24
34.4%
Q2 24
2.0%
-91.5%
Q1 24
6.1%
-192.6%
Net Margin
MNTK
MNTK
STHO
STHO
Q4 25
5.7%
-75.5%
Q3 25
11.5%
6.4%
Q2 25
-12.2%
-93.5%
Q1 25
-1.1%
-52.0%
Q4 24
-30.5%
-313.1%
Q3 24
25.9%
374.3%
Q2 24
-1.6%
-88.8%
Q1 24
4.8%
-192.6%
EPS (diluted)
MNTK
MNTK
STHO
STHO
Q4 25
$0.01
$-1.52
Q3 25
$0.04
$0.14
Q2 25
$-0.04
$-2.95
Q1 25
$0.00
$-0.57
Q4 24
$-0.05
$-7.69
Q3 24
$0.12
$6.90
Q2 24
$-0.01
$-2.04
Q1 24
$0.01
$-3.68

Balance Sheet & Financial Strength

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

Metric
MNTK
MNTK
STHO
STHO
Cash + ST InvestmentsLiquidity on hand
$23.8M
$50.1M
Total DebtLower is stronger
$126.0M
$268.7M
Stockholders' EquityBook value
$263.1M
$251.8M
Total Assets
$435.5M
$570.2M
Debt / EquityLower = less leverage
0.48×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTK
MNTK
STHO
STHO
Q4 25
$23.8M
$50.1M
Q3 25
$6.8M
$40.6M
Q2 25
$29.1M
$44.2M
Q1 25
$40.1M
$30.3M
Q4 24
$45.6M
$35.0M
Q3 24
$55.0M
$45.0M
Q2 24
$42.3M
$48.3M
Q1 24
$63.3M
$45.7M
Total Debt
MNTK
MNTK
STHO
STHO
Q4 25
$126.0M
$268.7M
Q3 25
$54.9M
$259.3M
Q2 25
$57.8M
$245.4M
Q1 25
$40.8M
$231.5M
Q4 24
$43.8M
$217.3M
Q3 24
$46.7M
$201.2M
Q2 24
$49.7M
$197.2M
Q1 24
$52.7M
$195.0M
Stockholders' Equity
MNTK
MNTK
STHO
STHO
Q4 25
$263.1M
$251.8M
Q3 25
$260.7M
$275.4M
Q2 25
$254.7M
$276.1M
Q1 25
$258.2M
$316.1M
Q4 24
$257.4M
$324.3M
Q3 24
$275.3M
$427.5M
Q2 24
$255.3M
$335.3M
Q1 24
$254.3M
$362.4M
Total Assets
MNTK
MNTK
STHO
STHO
Q4 25
$435.5M
$570.2M
Q3 25
$383.3M
$595.9M
Q2 25
$382.5M
$589.9M
Q1 25
$354.2M
$618.2M
Q4 24
$349.0M
$608.7M
Q3 24
$374.1M
$696.5M
Q2 24
$362.0M
$601.0M
Q1 24
$354.7M
$622.9M
Debt / Equity
MNTK
MNTK
STHO
STHO
Q4 25
0.48×
1.07×
Q3 25
0.21×
0.94×
Q2 25
0.23×
0.89×
Q1 25
0.16×
0.73×
Q4 24
0.17×
0.67×
Q3 24
0.17×
0.47×
Q2 24
0.19×
0.59×
Q1 24
0.21×
0.54×

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
STHO
STHO
Operating Cash FlowLast quarter
$337.0K
$-11.7M
Free Cash FlowOCF − Capex
$-41.1M
FCF MarginFCF / Revenue
-94.7%
Capex IntensityCapex / Revenue
95.5%
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters
$-86.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTK
MNTK
STHO
STHO
Q4 25
$337.0K
$-11.7M
Q3 25
$12.7M
$5.3M
Q2 25
$8.2M
$-2.6M
Q1 25
$9.1M
$-6.3M
Q4 24
$724.0K
$-31.3M
Q3 24
$28.6M
$-3.8M
Q2 24
$193.0K
$-6.4M
Q1 24
$14.3M
$-14.2M
Free Cash Flow
MNTK
MNTK
STHO
STHO
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
STHO
STHO
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
STHO
STHO
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
STHO
STHO
Q4 25
0.14×
Q3 25
2.43×
2.95×
Q2 25
Q1 25
Q4 24
Q3 24
1.68×
-0.04×
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%

STHO
STHO

Land Development$13.0M51%
Other Income Revenue$9.3M37%
Operating Lease Income$2.0M8%
Other$1.2M5%

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