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Clean Energy Fuels vs Montauk Renewables: revenue, profit, margins and growth compared

Clean Energy Fuels brought in $424.8M of revenue in fiscal 2025, Montauk Renewables $176.4M in fiscal 2025. Revenue changed by +2.2% at Clean Energy Fuels and +0.4% at Montauk Renewables on the year before, so Clean Energy Fuels grew faster. Clean Energy Fuels kept -52.3% of its revenue as net profit, Montauk Renewables 1.0%. Free cash flow was $59.9M at Clean Energy Fuels and -$86.2M at Montauk Renewables.

Side by side, latest fiscal year

CLNEMNTK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$424.8M$176.4M
Revenue growth+2.2%+0.4%
Net income-$222M$1.7M
Net margin-52.3%1.0%
Free cash flow$59.9M-$86.2M
Free cash flow margin14.1%-48.9%
Earnings per share (diluted)-$1.01$0.01
Cash$155.6M$23.8M
Debt$226.8M$126M
Price to earningsn/a293.0
Market value$352.7M$417.1M
Dividend yieldn/an/a
Rank by revenue in sector#91 of 109 · Utilities#94 of 109 · Utilities

Over the years

Revenue
CLNE FY2018: $346.4MCLNE FY2019: $344.1MCLNE FY2020: $291.7MCLNE FY2021: $255.6MCLNE FY2022: $420.2MCLNE FY2023: $425.2MCLNE FY2024: $415.9MCLNE FY2025: $424.8MMNTK FY2019: $105.7MMNTK FY2021: $100.4MMNTK FY2021: $148.1MMNTK FY2022: $213.4MMNTK FY2023: $174.9MMNTK FY2024: $175.7MMNTK FY2025: $176.4MFY18FY19FY20FY21FY22FY23FY24FY25
CLNE $424.8MMNTK $176.4M
Net income
CLNE FY2018: -$3.8MCLNE FY2019: $20.4MCLNE FY2020: -$9.9MCLNE FY2021: -$93.1MCLNE FY2022: -$58.7MCLNE FY2023: -$99.5MCLNE FY2024: -$83.1MCLNE FY2025: -$222MMNTK FY2019: $5.8MMNTK FY2021: $4.6MMNTK FY2021: -$4.5MMNTK FY2022: $35.2MMNTK FY2023: $14.9MMNTK FY2024: $9.7MMNTK FY2025: $1.7MFY18FY19FY20FY21FY22FY23FY24FY25
CLNE -$222MMNTK $1.7M
Net margin
CLNE FY2018: -1.1%CLNE FY2019: 5.9%CLNE FY2020: -3.4%CLNE FY2021: -36.4%CLNE FY2022: -14.0%CLNE FY2023: -23.4%CLNE FY2024: -20.0%CLNE FY2025: -52.3%MNTK FY2019: 5.5%MNTK FY2021: 4.6%MNTK FY2021: -3.1%MNTK FY2022: 16.5%MNTK FY2023: 8.5%MNTK FY2024: 5.5%MNTK FY2025: 1.0%FY18FY19FY20FY21FY22FY23FY24FY25
CLNE -52.3%MNTK 1.0%
Revenue growth
CLNE FY2019: -0.7%CLNE FY2020: -15.2%CLNE FY2021: -12.4%CLNE FY2022: +64.4%CLNE FY2023: +1.2%CLNE FY2024: -2.2%CLNE FY2025: +2.2%MNTK FY2021: -5.0%MNTK FY2021: +47.6%MNTK FY2022: +44.1%MNTK FY2023: -18.0%MNTK FY2024: +0.5%MNTK FY2025: +0.4%FY19FY20FY21FY22FY23FY24FY25
CLNE +2.2%MNTK +0.4%
Free cash flow
CLNE FY2018: $12.7MCLNE FY2019: -$14.8MCLNE FY2020: $47.8MCLNE FY2021: $18.2MCLNE FY2022: $22.2MCLNE FY2023: -$57.2MCLNE FY2024: -$418KCLNE FY2025: $59.9MMNTK FY2019: -$17.8MMNTK FY2021: $11MMNTK FY2021: $32.9MMNTK FY2022: $58.8MMNTK FY2023: -$22MMNTK FY2024: -$18.5MMNTK FY2025: -$86.2MFY18FY19FY20FY21FY22FY23FY24FY25
CLNE $59.9MMNTK -$86.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Clean Energy Fuels and Montauk Renewables

Which is bigger by revenue, Clean Energy Fuels or Montauk Renewables?

Clean Energy Fuels is bigger by revenue: $424.8M in fiscal 2025, against $176.4M for Montauk Renewables in fiscal 2025.

Which keeps more of its revenue as profit, Clean Energy Fuels or Montauk Renewables?

Clean Energy Fuels had a net margin of -52.3% in fiscal 2025; Montauk Renewables had 1.0% in fiscal 2025.

Which grew revenue faster, Clean Energy Fuels or Montauk Renewables?

In their latest fiscal years revenue changed by +2.2% at Clean Energy Fuels and +0.4% at Montauk Renewables.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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