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Montauk Renewables, Inc.（MNTK）与OPAL Fuels Inc.（OPAL）财务数据对比。点击上方公司名可切换其他公司
OPAL Fuels Inc.的季度营收约是Montauk Renewables, Inc.的2.0倍（$88.4M vs $43.4M）。OPAL Fuels Inc.净利率更高（18.3% vs 5.7%，领先12.6%）。Montauk Renewables, Inc.同比增速更快（56.7% vs 18.7%）。OPAL Fuels Inc.自由现金流更多（$-13.4M vs $-41.1M）。过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% vs 5.8%）
Montauk Renewables是一家总部位于美国的可再生能源企业，专注于捕获垃圾填埋场、农业废弃物产生的生物甲烷，将其转化为可再生天然气与低碳电力，为北美地区公用事业、工商业客户提供脱碳解决方案，助力能源低碳转型。
OPAL Fuels Inc.是一家北美能源企业，专注于生产和分销低碳可再生天然气（RNG）。公司从垃圾填埋场、奶牛场等有机废物流中收集甲烷，产出的可再生天然气主要供应给重型运输车队、商业物流运营商及公共交通实体，助力降低碳排放。
MNTK vs OPAL — 直观对比
营收规模更大
OPAL
是对方的2.0倍
$43.4M
营收增速更快
MNTK
高出38.0%
18.7%
净利率更高
OPAL
高出12.6%
5.7%
自由现金流更多
OPAL
多$27.7M
$-41.1M
两年增速更快
OPAL
近两年复合增速
5.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.4M | $88.4M |
| 净利润 | $2.5M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | -3.8% | 7.5% |
| 净利率 | 5.7% | 18.3% |
| 营收同比 | 56.7% | 18.7% |
| 净利润同比 | 129.5% | 401.5% |
| 每股收益（稀释后） | $0.01 | $0.08 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MNTKOPAL
| Q4 25 | $43.4M | $88.4M | ||
| Q3 25 | $45.3M | $77.9M | ||
| Q2 25 | $45.1M | $77.4M | ||
| Q1 25 | $42.6M | $83.0M | ||
| Q4 24 | $27.7M | $74.5M | ||
| Q3 24 | $65.9M | $82.6M | ||
| Q2 24 | $43.3M | $69.8M | ||
| Q1 24 | $38.8M | $64.0M |
净利润MNTKOPAL
| Q4 25 | $2.5M | $16.2M | ||
| Q3 25 | $5.2M | $11.4M | ||
| Q2 25 | $-5.5M | $7.6M | ||
| Q1 25 | $-464.0K | $1.3M | ||
| Q4 24 | $-8.5M | $-5.4M | ||
| Q3 24 | $17.0M | $17.1M | ||
| Q2 24 | $-712.0K | $1.9M | ||
| Q1 24 | $1.9M | $677.0K |
毛利率MNTKOPAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 15.6% | — | ||
| Q1 24 | 22.8% | — |
营业利润率MNTKOPAL
| Q4 25 | -3.8% | 7.5% | ||
| Q3 25 | 9.8% | 4.6% | ||
| Q2 25 | -5.2% | -1.1% | ||
| Q1 25 | 1.0% | -2.3% | ||
| Q4 24 | -35.5% | -0.5% | ||
| Q3 24 | 34.4% | 14.9% | ||
| Q2 24 | 2.0% | 8.1% | ||
| Q1 24 | 6.1% | 5.6% |
净利率MNTKOPAL
| Q4 25 | 5.7% | 18.3% | ||
| Q3 25 | 11.5% | 14.6% | ||
| Q2 25 | -12.2% | 9.8% | ||
| Q1 25 | -1.1% | 1.5% | ||
| Q4 24 | -30.5% | -7.2% | ||
| Q3 24 | 25.9% | 20.7% | ||
| Q2 24 | -1.6% | 2.7% | ||
| Q1 24 | 4.8% | 1.1% |
每股收益（稀释后）MNTKOPAL
| Q4 25 | $0.01 | $0.08 | ||
| Q3 25 | $0.04 | $0.05 | ||
| Q2 25 | $-0.04 | $0.03 | ||
| Q1 25 | $0.00 | $-0.01 | ||
| Q4 24 | $-0.05 | $-0.05 | ||
| Q3 24 | $0.12 | $0.09 | ||
| Q2 24 | $-0.01 | $-0.01 | ||
| Q1 24 | $0.01 | $-0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $23.8M | $24.4M |
| 总债务越低越好 | $126.0M | $361.3M |
| 股东权益账面价值 | $263.1M | $-12.9M |
| 总资产 | $435.5M | $959.5M |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资MNTKOPAL
| Q4 25 | $23.8M | $24.4M | ||
| Q3 25 | $6.8M | $29.9M | ||
| Q2 25 | $29.1M | $29.3M | ||
| Q1 25 | $40.1M | $40.1M | ||
| Q4 24 | $45.6M | $24.3M | ||
| Q3 24 | $55.0M | $31.0M | ||
| Q2 24 | $42.3M | $27.6M | ||
| Q1 24 | $63.3M | $34.2M |
总债务MNTKOPAL
| Q4 25 | $126.0M | $361.3M | ||
| Q3 25 | $54.9M | $351.2M | ||
| Q2 25 | $57.8M | $331.6M | ||
| Q1 25 | $40.8M | $307.0M | ||
| Q4 24 | $43.8M | $307.5M | ||
| Q3 24 | $46.7M | $252.9M | ||
| Q2 24 | $49.7M | $233.3M | ||
| Q1 24 | $52.7M | $208.7M |
股东权益MNTKOPAL
| Q4 25 | $263.1M | $-12.9M | ||
| Q3 25 | $260.7M | $7.5M | ||
| Q2 25 | $254.7M | $-25.0M | ||
| Q1 25 | $258.2M | $57.1M | ||
| Q4 24 | $257.4M | $-148.4M | ||
| Q3 24 | $275.3M | $-180.1M | ||
| Q2 24 | $255.3M | $-273.0M | ||
| Q1 24 | $254.3M | $-382.4M |
总资产MNTKOPAL
| Q4 25 | $435.5M | $959.5M | ||
| Q3 25 | $383.3M | $916.7M | ||
| Q2 25 | $382.5M | $905.5M | ||
| Q1 25 | $354.2M | $884.9M | ||
| Q4 24 | $349.0M | $881.1M | ||
| Q3 24 | $374.1M | $831.1M | ||
| Q2 24 | $362.0M | $782.3M | ||
| Q1 24 | $354.7M | $750.5M |
负债/权益比MNTKOPAL
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.21× | 46.95× | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.16× | 5.38× | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.21× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $337.0K | $-3.5M |
| 自由现金流经营现金流 - 资本支出 | $-41.1M | $-13.4M |
| 自由现金流率自由现金流/营收 | -94.7% | -15.1% |
| 资本支出强度资本支出/营收 | 95.5% | 11.1% |
| 现金转化率经营现金流/净利润 | 0.14× | -0.22× |
| 过去12个月自由现金流最近4个季度 | $-86.2M | $-34.2M |
8季度趋势，按日历期对齐
经营现金流MNTKOPAL
| Q4 25 | $337.0K | $-3.5M | ||
| Q3 25 | $12.7M | $18.2M | ||
| Q2 25 | $8.2M | $-7.9M | ||
| Q1 25 | $9.1M | $29.7M | ||
| Q4 24 | $724.0K | $-532.0K | ||
| Q3 24 | $28.6M | $17.7M | ||
| Q2 24 | $193.0K | $533.0K | ||
| Q1 24 | $14.3M | $13.7M |
自由现金流MNTKOPAL
| Q4 25 | $-41.1M | $-13.4M | ||
| Q3 25 | $-17.2M | $-9.3M | ||
| Q2 25 | $-25.5M | $-29.7M | ||
| Q1 25 | $-2.5M | $18.1M | ||
| Q4 24 | $-8.3M | $-55.0M | ||
| Q3 24 | $16.0M | $-5.4M | ||
| Q2 24 | $-18.6M | $-22.5M | ||
| Q1 24 | $-7.7M | $-13.0M |
自由现金流率MNTKOPAL
| Q4 25 | -94.7% | -15.1% | ||
| Q3 25 | -37.9% | -11.9% | ||
| Q2 25 | -56.4% | -38.4% | ||
| Q1 25 | -5.8% | 21.8% | ||
| Q4 24 | -29.8% | -73.8% | ||
| Q3 24 | 24.3% | -6.5% | ||
| Q2 24 | -42.9% | -32.2% | ||
| Q1 24 | -19.8% | -20.4% |
资本支出强度MNTKOPAL
| Q4 25 | 95.5% | 11.1% | ||
| Q3 25 | 65.9% | 35.3% | ||
| Q2 25 | 74.6% | 28.2% | ||
| Q1 25 | 27.3% | 13.9% | ||
| Q4 24 | 32.5% | 73.1% | ||
| Q3 24 | 19.1% | 27.9% | ||
| Q2 24 | 43.3% | 32.9% | ||
| Q1 24 | 56.7% | 41.8% |
现金转化率MNTKOPAL
| Q4 25 | 0.14× | -0.22× | ||
| Q3 25 | 2.43× | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.68× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | 7.73× | 20.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
