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Side-by-side financial comparison of Montauk Renewables, Inc. (MNTK) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $43.4M, roughly 1.7× Montauk Renewables, Inc.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -20.3%, a 26.1% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 22.0%). Over the past eight quarters, Montauk Renewables, Inc.'s revenue compounded faster (5.8% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
MNTK vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.4M | $73.5M |
| Net Profit | $2.5M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | -3.8% | -22.9% |
| Net Margin | 5.7% | -20.3% |
| Revenue YoY | 56.7% | 22.0% |
| Net Profit YoY | 129.5% | -219.1% |
| EPS (diluted) | $0.01 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $45.3M | $91.6M | ||
| Q2 25 | $45.1M | $54.9M | ||
| Q1 25 | $42.6M | $54.9M | ||
| Q4 24 | $27.7M | $60.2M | ||
| Q3 24 | $65.9M | $65.8M | ||
| Q2 24 | $43.3M | $67.5M | ||
| Q1 24 | $38.8M | $72.4M |
| Q4 25 | $2.5M | $-14.9M | ||
| Q3 25 | $5.2M | $-795.0K | ||
| Q2 25 | $-5.5M | $-14.9M | ||
| Q1 25 | $-464.0K | $-6.5M | ||
| Q4 24 | $-8.5M | $12.5M | ||
| Q3 24 | $17.0M | $20.0M | ||
| Q2 24 | $-712.0K | $18.4M | ||
| Q1 24 | $1.9M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | 43.8% | 68.7% | ||
| Q2 24 | 15.6% | 69.4% | ||
| Q1 24 | 22.8% | 67.8% |
| Q4 25 | -3.8% | -22.9% | ||
| Q3 25 | 9.8% | 0.1% | ||
| Q2 25 | -5.2% | -30.8% | ||
| Q1 25 | 1.0% | -2.0% | ||
| Q4 24 | -35.5% | 34.5% | ||
| Q3 24 | 34.4% | 42.5% | ||
| Q2 24 | 2.0% | 43.8% | ||
| Q1 24 | 6.1% | 42.0% |
| Q4 25 | 5.7% | -20.3% | ||
| Q3 25 | 11.5% | -0.9% | ||
| Q2 25 | -12.2% | -27.2% | ||
| Q1 25 | -1.1% | -11.8% | ||
| Q4 24 | -30.5% | 20.8% | ||
| Q3 24 | 25.9% | 30.4% | ||
| Q2 24 | -1.6% | 27.2% | ||
| Q1 24 | 4.8% | 28.2% |
| Q4 25 | $0.01 | $-0.14 | ||
| Q3 25 | $0.04 | $-0.01 | ||
| Q2 25 | $-0.04 | $-0.15 | ||
| Q1 25 | $0.00 | $-0.07 | ||
| Q4 24 | $-0.05 | $0.12 | ||
| Q3 24 | $0.12 | $0.20 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $0.01 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | $126.0M | $1.7M |
| Stockholders' EquityBook value | $263.1M | $389.3M |
| Total Assets | $435.5M | $530.2M |
| Debt / EquityLower = less leverage | 0.48× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $8.3M | ||
| Q3 25 | $6.8M | $30.4M | ||
| Q2 25 | $29.1M | $19.2M | ||
| Q1 25 | $40.1M | $34.5M | ||
| Q4 24 | $45.6M | $190.7M | ||
| Q3 24 | $55.0M | $177.7M | ||
| Q2 24 | $42.3M | $154.3M | ||
| Q1 24 | $63.3M | $124.3M |
| Q4 25 | $126.0M | $1.7M | ||
| Q3 25 | $54.9M | $2.0M | ||
| Q2 25 | $57.8M | $26.3M | ||
| Q1 25 | $40.8M | $42.9M | ||
| Q4 24 | $43.8M | $1.5M | ||
| Q3 24 | $46.7M | $994.0K | ||
| Q2 24 | $49.7M | $1.1M | ||
| Q1 24 | $52.7M | $179.9M |
| Q4 25 | $263.1M | $389.3M | ||
| Q3 25 | $260.7M | $402.4M | ||
| Q2 25 | $254.7M | $401.3M | ||
| Q1 25 | $258.2M | $415.3M | ||
| Q4 24 | $257.4M | $421.1M | ||
| Q3 24 | $275.3M | $417.6M | ||
| Q2 24 | $255.3M | $397.2M | ||
| Q1 24 | $254.3M | $375.5M |
| Q4 25 | $435.5M | $530.2M | ||
| Q3 25 | $383.3M | $541.2M | ||
| Q2 25 | $382.5M | $533.7M | ||
| Q1 25 | $354.2M | $562.5M | ||
| Q4 24 | $349.0M | $725.8M | ||
| Q3 24 | $374.1M | $709.8M | ||
| Q2 24 | $362.0M | $697.0M | ||
| Q1 24 | $354.7M | $687.2M |
| Q4 25 | 0.48× | 0.00× | ||
| Q3 25 | 0.21× | 0.01× | ||
| Q2 25 | 0.23× | 0.07× | ||
| Q1 25 | 0.16× | 0.10× | ||
| Q4 24 | 0.17× | 0.00× | ||
| Q3 24 | 0.17× | 0.00× | ||
| Q2 24 | 0.19× | 0.00× | ||
| Q1 24 | 0.21× | 0.48× |
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 | $5.7M |
| 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.
| Q4 25 | $337.0K | $5.7M | ||
| Q3 25 | $12.7M | $53.4M | ||
| Q2 25 | $8.2M | $11.1M | ||
| Q1 25 | $9.1M | $3.9M | ||
| Q4 24 | $724.0K | $30.6M | ||
| Q3 24 | $28.6M | $31.4M | ||
| Q2 24 | $193.0K | $39.1M | ||
| Q1 24 | $14.3M | $50.6M |
| Q4 25 | $-41.1M | — | ||
| Q3 25 | $-17.2M | — | ||
| Q2 25 | $-25.5M | — | ||
| Q1 25 | $-2.5M | $-11.6M | ||
| Q4 24 | $-8.3M | — | ||
| Q3 24 | $16.0M | — | ||
| Q2 24 | $-18.6M | — | ||
| Q1 24 | $-7.7M | — |
| Q4 25 | -94.7% | — | ||
| Q3 25 | -37.9% | — | ||
| Q2 25 | -56.4% | — | ||
| Q1 25 | -5.8% | -21.1% | ||
| Q4 24 | -29.8% | — | ||
| Q3 24 | 24.3% | — | ||
| Q2 24 | -42.9% | — | ||
| Q1 24 | -19.8% | — |
| Q4 25 | 95.5% | — | ||
| Q3 25 | 65.9% | — | ||
| Q2 25 | 74.6% | — | ||
| Q1 25 | 27.3% | 28.2% | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 19.1% | — | ||
| Q2 24 | 43.3% | — | ||
| Q1 24 | 56.7% | — |
| Q4 25 | 0.14× | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 1.68× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | 7.73× | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
