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Side-by-side financial comparison of MNTN, Inc. (MNTN) and Snap Inc (SNAP). Click either name above to swap in a different company.

MNTN, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.7B, roughly 1.2× Snap Inc). Snap Inc runs the higher net margin — 2.6% vs 1.7%, a 0.9% gap on every dollar of revenue. On growth, Snap Inc posted the faster year-over-year revenue change (10.2% vs -0.0%).

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.

MNTN vs SNAP — Head-to-Head

Bigger by revenue
MNTN
MNTN
1.2× larger
MNTN
$2.0B
$1.7B
SNAP
Growing faster (revenue YoY)
SNAP
SNAP
+10.3% gap
SNAP
10.2%
-0.0%
MNTN
Higher net margin
SNAP
SNAP
0.9% more per $
SNAP
2.6%
1.7%
MNTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MNTN
MNTN
SNAP
SNAP
Revenue
$2.0B
$1.7B
Net Profit
$34.5M
$45.2M
Gross Margin
100.0%
59.1%
Operating Margin
97.5%
2.9%
Net Margin
1.7%
2.6%
Revenue YoY
-0.0%
10.2%
Net Profit YoY
396.7%
EPS (diluted)
$0.43
$0.03

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
MNTN
MNTN
SNAP
SNAP
Q4 25
$2.0B
$1.7B
Q3 25
$70.0M
$1.5B
Q2 25
$68.5M
$1.3B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.2B
Q1 24
$1.2B
Net Profit
MNTN
MNTN
SNAP
SNAP
Q4 25
$34.5M
$45.2M
Q3 25
$6.4M
$-103.5M
Q2 25
$-26.2M
$-262.6M
Q1 25
$-139.6M
Q4 24
$9.1M
Q3 24
$-153.2M
Q2 24
$-248.6M
Q1 24
$-305.1M
Gross Margin
MNTN
MNTN
SNAP
SNAP
Q4 25
100.0%
59.1%
Q3 25
78.9%
55.3%
Q2 25
76.8%
51.4%
Q1 25
53.1%
Q4 24
56.9%
Q3 24
53.5%
Q2 24
52.4%
Q1 24
51.9%
Operating Margin
MNTN
MNTN
SNAP
SNAP
Q4 25
97.5%
2.9%
Q3 25
10.8%
-8.5%
Q2 25
5.4%
-19.3%
Q1 25
-14.2%
Q4 24
-1.7%
Q3 24
-12.6%
Q2 24
-20.5%
Q1 24
-27.9%
Net Margin
MNTN
MNTN
SNAP
SNAP
Q4 25
1.7%
2.6%
Q3 25
9.2%
-6.9%
Q2 25
-38.3%
-19.5%
Q1 25
-10.2%
Q4 24
0.6%
Q3 24
-11.2%
Q2 24
-20.1%
Q1 24
-25.5%
EPS (diluted)
MNTN
MNTN
SNAP
SNAP
Q4 25
$0.43
$0.03
Q3 25
$0.08
$-0.06
Q2 25
$-0.65
$-0.16
Q1 25
$-0.08
Q4 24
$0.01
Q3 24
$-0.09
Q2 24
$-0.15
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
MNTN
MNTN
SNAP
SNAP
Cash + ST InvestmentsLiquidity on hand
$210.2M
$2.9B
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$2.3B
Total Assets
$378.3M
$7.7B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTN
MNTN
SNAP
SNAP
Q4 25
$210.2M
$2.9B
Q3 25
$179.2M
$3.0B
Q2 25
$175.2M
$2.9B
Q1 25
$3.2B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$3.1B
Q1 24
$2.9B
Total Debt
MNTN
MNTN
SNAP
SNAP
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.6B
Q1 24
$3.3B
Stockholders' Equity
MNTN
MNTN
SNAP
SNAP
Q4 25
$2.3B
Q3 25
$266.7M
$2.2B
Q2 25
$238.9M
$2.1B
Q1 25
$2.3B
Q4 24
$2.5B
Q3 24
$2.2B
Q2 24
$2.1B
Q1 24
$2.1B
Total Assets
MNTN
MNTN
SNAP
SNAP
Q4 25
$378.3M
$7.7B
Q3 25
$335.9M
$7.6B
Q2 25
$337.0M
$7.4B
Q1 25
$7.6B
Q4 24
$7.9B
Q3 24
$7.6B
Q2 24
$7.4B
Q1 24
$7.2B
Debt / Equity
MNTN
MNTN
SNAP
SNAP
Q4 25
1.55×
Q3 25
1.59×
Q2 25
1.73×
Q1 25
1.56×
Q4 24
1.49×
Q3 24
1.65×
Q2 24
1.76×
Q1 24
1.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MNTN
MNTN
SNAP
SNAP
Operating Cash FlowLast quarter
$56.5M
$269.6M
Free Cash FlowOCF − Capex
$205.6M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
1.64×
5.96×
TTM Free Cash FlowTrailing 4 quarters
$437.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTN
MNTN
SNAP
SNAP
Q4 25
$56.5M
$269.6M
Q3 25
$9.3M
$146.5M
Q2 25
$17.6M
$88.5M
Q1 25
$151.6M
Q4 24
$230.6M
Q3 24
$115.9M
Q2 24
$-21.4M
Q1 24
$88.4M
Free Cash Flow
MNTN
MNTN
SNAP
SNAP
Q4 25
$205.6M
Q3 25
$93.4M
Q2 25
$23.8M
Q1 25
$114.4M
Q4 24
$182.4M
Q3 24
$71.8M
Q2 24
$-73.4M
Q1 24
$37.9M
FCF Margin
MNTN
MNTN
SNAP
SNAP
Q4 25
12.0%
Q3 25
6.2%
Q2 25
1.8%
Q1 25
8.4%
Q4 24
11.7%
Q3 24
5.2%
Q2 24
-5.9%
Q1 24
3.2%
Capex Intensity
MNTN
MNTN
SNAP
SNAP
Q4 25
3.7%
Q3 25
3.5%
Q2 25
4.8%
Q1 25
2.7%
Q4 24
3.1%
Q3 24
3.2%
Q2 24
4.2%
Q1 24
4.2%
Cash Conversion
MNTN
MNTN
SNAP
SNAP
Q4 25
1.64×
5.96×
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
25.34×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MNTN
MNTN

Segment breakdown not available.

SNAP
SNAP

Advertising Revenue$1.5B86%
Other Revenue$231.9M14%

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