Montauk Renewables vs Spruce Power Holding
Montauk Renewables is the larger business, with $176m of revenue in fiscal 2025 against $112m for Spruce Power Holding (1.6 times as much). Spruce Power Holding grew faster (36.2% against 0.4%). Montauk Renewables kept more of each dollar of sales as profit: a net margin of 1.0% against -23.3%.
| Latest fiscal year | Montauk RenewablesMNTK, 2025 | Spruce Power HoldingSPRU, 2025 |
|---|---|---|
| Revenue | $176m | $112m |
| Revenue growth | 0.4% | 36.2% |
| Net income | $1.7m | −$26.0m |
| Operating margin | 0.5% | — |
| Net margin | 1.0% | -23.3% |
| Return on equity | 0.7% | -19.8% |
| Free cash flow | −$86.2m | −$3.8m |
| Cash | $23.8m | $54.8m |
| Total debt | $129m | $696m |
| Debt to equity | 49.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $419,000 | $1.8m |
| Employees | 189 | 159 |
| Market value | $347m | $26.0m |
| Price vs our value range | — | — |
| Moat score | 9 (Weak) | 14 (Weak) |
| Insider trades, 12 months | 1 buys, 0 sales | 55 buys, 2 sales |