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Montauk Renewables vs Ugi: revenue, profit, margins and growth compared

Montauk Renewables brought in $176.4M of revenue in fiscal 2025, Ugi $7.3B in fiscal 2025. Revenue changed by +0.4% at Montauk Renewables and +1.1% at Ugi on the year before, so Ugi grew faster. Montauk Renewables kept 1.0% of its revenue as net profit, Ugi 9.3%. Free cash flow was -$86.2M at Montauk Renewables and $390M at Ugi.

Side by side, latest fiscal year

MNTKUGI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$176.4M$7.3B
Revenue growth+0.4%+1.1%
Net income$1.7M$678M
Net margin1.0%9.3%
Free cash flow-$86.2M$390M
Free cash flow margin-48.9%5.4%
Earnings per share (diluted)$0.01$3.09
Cash$23.8M$335M
Debt$126M$6.6B
Price to earnings293.011.8
Market value$417.1M$7.8B
Dividend yieldn/a4.11%
Rank by revenue in sector#94 of 109 · Utilities#35 of 109 · Utilities

Over the years

Revenue
MNTK FY2019: $105.7MMNTK FY2021: $100.4MMNTK FY2021: $148.1MMNTK FY2022: $213.4MMNTK FY2023: $174.9MMNTK FY2024: $175.7MMNTK FY2025: $176.4MUGI FY2018: $7.7BUGI FY2019: $7.3BUGI FY2020: $6.6BUGI FY2021: $7.4BUGI FY2022: $10.1BUGI FY2023: $8.9BUGI FY2024: $7.2BUGI FY2025: $7.3BFY18FY19FY20FY21FY22FY23FY24FY25
MNTK $176.4MUGI $7.3B
Net income
MNTK FY2019: $5.8MMNTK FY2021: $4.6MMNTK FY2021: -$4.5MMNTK FY2022: $35.2MMNTK FY2023: $14.9MMNTK FY2024: $9.7MMNTK FY2025: $1.7MUGI FY2018: $719MUGI FY2019: $256MUGI FY2020: $532MUGI FY2021: $1.5BUGI FY2022: $1.1BUGI FY2023: -$1.5BUGI FY2024: $269MUGI FY2025: $678MFY18FY19FY20FY21FY22FY23FY24FY25
MNTK $1.7MUGI $678M
Net margin
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%UGI FY2018: 9.4%UGI FY2019: 3.5%UGI FY2020: 8.1%UGI FY2021: 19.7%UGI FY2022: 10.6%UGI FY2023: -16.8%UGI FY2024: 3.7%UGI FY2025: 9.3%FY18FY19FY20FY21FY22FY23FY24FY25
MNTK 1.0%UGI 9.3%
Revenue growth
MNTK FY2021: -5.0%MNTK FY2021: +47.6%MNTK FY2022: +44.1%MNTK FY2023: -18.0%MNTK FY2024: +0.5%MNTK FY2025: +0.4%UGI FY2019: -4.3%UGI FY2020: -10.4%UGI FY2021: +13.5%UGI FY2022: +35.7%UGI FY2023: -11.7%UGI FY2024: -19.2%UGI FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
MNTK +0.4%UGI +1.1%
Free cash flow
MNTK FY2019: -$17.8MMNTK FY2021: $11MMNTK FY2021: $32.9MMNTK FY2022: $58.8MMNTK FY2023: -$22MMNTK FY2024: -$18.5MMNTK FY2025: -$86.2MUGI FY2018: $511MUGI FY2019: $373MUGI FY2020: $447MUGI FY2021: $791MUGI FY2022: -$88MUGI FY2023: $133MUGI FY2024: $386MUGI FY2025: $390MFY18FY19FY20FY21FY22FY23FY24FY25
MNTK -$86.2MUGI $390M

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

Questions about Montauk Renewables and Ugi

Which is bigger by revenue, Montauk Renewables or Ugi?

Ugi is bigger by revenue: $7.3B in fiscal 2025, against $176.4M for Montauk Renewables in fiscal 2025.

Which keeps more of its revenue as profit, Montauk Renewables or Ugi?

Montauk Renewables had a net margin of 1.0% in fiscal 2025; Ugi had 9.3% in fiscal 2025.

Which grew revenue faster, Montauk Renewables or Ugi?

In their latest fiscal years revenue changed by +0.4% at Montauk Renewables and +1.1% at Ugi.

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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