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Side-by-side financial comparison of Montauk Renewables, Inc. (MNTK) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $43.4M, roughly 1.2× Montauk Renewables, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 5.7%, a 61.6% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 32.8%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-41.1M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
MNTK vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.4M | $51.6M |
| Net Profit | $2.5M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | -3.8% | 97.0% |
| Net Margin | 5.7% | 67.3% |
| Revenue YoY | 56.7% | 32.8% |
| Net Profit YoY | 129.5% | 67.0% |
| EPS (diluted) | $0.01 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $45.3M | $49.1M | ||
| Q2 25 | $45.1M | $47.6M | ||
| Q1 25 | $42.6M | $37.5M | ||
| Q4 24 | $27.7M | $38.9M | ||
| Q3 24 | $65.9M | $35.1M | ||
| Q2 24 | $43.3M | $32.4M | ||
| Q1 24 | $38.8M | $29.5M |
| Q4 25 | $2.5M | $34.8M | ||
| Q3 25 | $5.2M | $25.4M | ||
| Q2 25 | $-5.5M | $26.0M | ||
| Q1 25 | $-464.0K | $18.9M | ||
| Q4 24 | $-8.5M | $20.8M | ||
| Q3 24 | $17.0M | $15.8M | ||
| Q2 24 | $-712.0K | $14.8M | ||
| Q1 24 | $1.9M | $17.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 15.6% | — | ||
| Q1 24 | 22.8% | — |
| Q4 25 | -3.8% | 97.0% | ||
| Q3 25 | 9.8% | 72.1% | ||
| Q2 25 | -5.2% | 71.3% | ||
| Q1 25 | 1.0% | 71.7% | ||
| Q4 24 | -35.5% | 82.5% | ||
| Q3 24 | 34.4% | 60.6% | ||
| Q2 24 | 2.0% | 61.3% | ||
| Q1 24 | 6.1% | 78.8% |
| Q4 25 | 5.7% | 67.3% | ||
| Q3 25 | 11.5% | 51.7% | ||
| Q2 25 | -12.2% | 54.6% | ||
| Q1 25 | -1.1% | 50.4% | ||
| Q4 24 | -30.5% | 53.5% | ||
| Q3 24 | 25.9% | 45.1% | ||
| Q2 24 | -1.6% | 45.6% | ||
| Q1 24 | 4.8% | 58.5% |
| Q4 25 | $0.01 | $0.90 | ||
| Q3 25 | $0.04 | $0.65 | ||
| Q2 25 | $-0.04 | $0.69 | ||
| Q1 25 | $0.00 | $0.51 | ||
| Q4 24 | $-0.05 | $0.56 | ||
| Q3 24 | $0.12 | $0.44 | ||
| Q2 24 | $-0.01 | $0.42 | ||
| Q1 24 | $0.01 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | $126.0M | — |
| Stockholders' EquityBook value | $263.1M | $672.5M |
| Total Assets | $435.5M | $7.4B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $92.1M | ||
| Q3 25 | $6.8M | $99.0M | ||
| Q2 25 | $29.1M | $79.6M | ||
| Q1 25 | $40.1M | $51.7M | ||
| Q4 24 | $45.6M | $49.9M | ||
| Q3 24 | $55.0M | $44.1M | ||
| Q2 24 | $42.3M | $47.4M | ||
| Q1 24 | $63.3M | $34.8M |
| 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 | — |
| Q4 25 | $263.1M | $672.5M | ||
| Q3 25 | $260.7M | $634.3M | ||
| Q2 25 | $254.7M | $597.9M | ||
| Q1 25 | $258.2M | $563.2M | ||
| Q4 24 | $257.4M | $516.9M | ||
| Q3 24 | $275.3M | $484.6M | ||
| Q2 24 | $255.3M | $471.3M | ||
| Q1 24 | $254.3M | $452.9M |
| Q4 25 | $435.5M | $7.4B | ||
| Q3 25 | $383.3M | $7.0B | ||
| Q2 25 | $382.5M | $6.5B | ||
| Q1 25 | $354.2M | $6.0B | ||
| Q4 24 | $349.0M | $5.5B | ||
| Q3 24 | $374.1M | $5.2B | ||
| Q2 24 | $362.0M | $4.9B | ||
| Q1 24 | $354.7M | $4.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $337.0K | $18.2M |
| Free Cash FlowOCF − Capex | $-41.1M | $17.9M |
| FCF MarginFCF / Revenue | -94.7% | 34.6% |
| Capex IntensityCapex / Revenue | 95.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 0.14× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-86.2M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.0K | $18.2M | ||
| Q3 25 | $12.7M | $11.5M | ||
| Q2 25 | $8.2M | $7.7M | ||
| Q1 25 | $9.1M | $3.5M | ||
| Q4 24 | $724.0K | $37.8M | ||
| Q3 24 | $28.6M | $-17.6M | ||
| Q2 24 | $193.0K | $11.5M | ||
| Q1 24 | $14.3M | $10.6M |
| Q4 25 | $-41.1M | $17.9M | ||
| Q3 25 | $-17.2M | $11.4M | ||
| Q2 25 | $-25.5M | $7.6M | ||
| Q1 25 | $-2.5M | $3.5M | ||
| Q4 24 | $-8.3M | $37.5M | ||
| Q3 24 | $16.0M | $-17.6M | ||
| Q2 24 | $-18.6M | $11.4M | ||
| Q1 24 | $-7.7M | $10.5M |
| Q4 25 | -94.7% | 34.6% | ||
| Q3 25 | -37.9% | 23.2% | ||
| Q2 25 | -56.4% | 15.9% | ||
| Q1 25 | -5.8% | 9.2% | ||
| Q4 24 | -29.8% | 96.4% | ||
| Q3 24 | 24.3% | -50.3% | ||
| Q2 24 | -42.9% | 35.1% | ||
| Q1 24 | -19.8% | 35.8% |
| Q4 25 | 95.5% | 0.5% | ||
| Q3 25 | 65.9% | 0.1% | ||
| Q2 25 | 74.6% | 0.2% | ||
| Q1 25 | 27.3% | 0.2% | ||
| Q4 24 | 32.5% | 0.7% | ||
| Q3 24 | 19.1% | 0.2% | ||
| Q2 24 | 43.3% | 0.3% | ||
| Q1 24 | 56.7% | 0.1% |
| Q4 25 | 0.14× | 0.52× | ||
| Q3 25 | 2.43× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.68× | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | 7.73× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
