MNTKMontauk Renewables, Inc.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MNTK?
Montauk Renewables, Inc. earns 0.22% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 8.8 points below what the capital costs: growth destroys value
- Operating margin
- 0.59%
Operating margin · Specialty Chemicals median 7.4% · 12 months to Q2 2026
- Share count, year on year
- +0.63%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 3.6% |
| FY2021 | 2.3% |
| FY2022 | 22% |
| FY2023 | 14% |
| FY2024 | 9.2% |
| FY2025 | 0.48% |
Details›
- Operating margin12 months to Q2 2026
- 0.59%
- Net margin12 months to Q2 2026
- 4.2%
- Free cash flow margin
- −44%
- Revenue, trailing twelve months
- $189M
- Free cash flow, trailing twelve months
- −$83M
- Net income, trailing twelve months
- $7.9M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 0.22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from MNTK and who it buys from, as the companies report it.
- VLOValero Energy17%
Share of revenue · FY2025 10-K
- XOMExxon Mobil Corporation11%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; MNTK’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Specialty Chemicals
Ranks #20 of 33 by RyuScore