Mach Natural Resources Financials
This page shows Mach Natural Resources (MNR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Heavy reinvestment is enlarging the asset base, while stable operating cash flow masks thinner accounting margins and higher leverage.
Across the last three years, operating cash flow stayed near$500M while net income swung much more sharply. That split suggests the business's cash engine is steadier than its reported earnings, because growing depreciation and interest are absorbing more of the benefit from expansion than the cash statement alone would imply.
The balance sheet is getting more capital-intensive: total assets rose to
Liquidity looks functional rather than flush: the current ratio was 1.1x and year-end cash was only
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mach Natural Resources's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mach Natural Resources passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mach Natural Resources generates $3.55 in operating cash flow ($507.0M OCF vs $143.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mach Natural Resources earns $3.4 in operating income for every $1 of interest expense ($244.9M vs $72.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Mach Natural Resources generated $1.2B in revenue in fiscal year 2025. This represents an increase of 21.2% from the prior year.
Mach Natural Resources's EBITDA was $537.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.3% from the prior year.
Mach Natural Resources reported $143.0M in net income in fiscal year 2025. This represents a decrease of 22.8% from the prior year.
Mach Natural Resources earned $1.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 42.6% from the prior year.
Cash & Balance Sheet
Mach Natural Resources held $42.6M in cash against $1.1B in long-term debt as of fiscal year 2025.
Margins & Returns
Mach Natural Resources's operating margin was 20.8% in fiscal year 2025, reflecting core business profitability. This is down 9.2 percentage points from the prior year.
Mach Natural Resources's net profit margin was 12.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.
Capital Allocation
MNR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $285.9M-26.2% | $387.5M+42.2% | $272.6M-5.5% | $288.5M+27.2% | $226.8M-3.5% | $234.9M-8.1% | $255.5M+6.5% | $240.0M |
| Cost of Revenue | $59.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$9.7M-109.6% | $101.2M+627.0% | -$19.2M-117.3% | $111.3M+115.4% | $51.7M-11.7% | $58.5M-38.2% | $94.7M+34.4% | $70.5M |
| Interest Expense | $24.4M-3.4% | $25.3M+49.3% | $16.9M+39.4% | $12.1M-32.2% | $17.9M-26.9% | $24.5M-8.5% | $26.8M-1.0% | $27.0M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$35.0M-147.9% | $73.1M+305.0% | -$35.7M-139.8% | $89.7M+464.4% | $15.9M-56.5% | $36.5M-45.9% | $67.4M+70.7% | $39.5M |
| EPS (Diluted) | $-0.21 | N/A | $-0.28-136.8% | $0.76+442.9% | $0.14 | N/A | $0.70+66.7% | $0.42 |
MNR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B-2.2% | $3.8B+0.1% | $3.8B+61.6% | $2.3B+4.1% | $2.2B-4.1% | $2.3B+0.5% | $2.3B+4.1% | $2.2B |
| Current Assets | $342.4M-9.4% | $378.0M+0.8% | $375.1M+79.3% | $209.2M+6.9% | $195.7M-39.3% | $322.1M-15.3% | $380.5M+13.5% | $335.1M |
| Cash & Equivalents | $52.7M+23.6% | $42.6M-20.5% | $53.6M+289.0% | $13.8M+76.9% | $7.8M-92.6% | $105.8M-42.7% | $184.5M+27.6% | $144.6M |
| Inventory | $42.5M-2.4% | $43.5M-11.9% | $49.4M+91.0% | $25.8M+3.0% | $25.1M+3.2% | $24.3M-7.6% | $26.3M-4.3% | $27.5M |
| Accounts Receivable | $63.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | $411.4M+14.3% | $359.9M-4.0% | $375.1M+40.8% | $266.3M-5.5% | $281.9M-20.0% | $352.4M+15.1% | $306.2M-4.2% | $319.7M |
| Long-Term Debt | $1.1B-0.8% | $1.1B0.0% | $1.1B+102.5% | $565.0M+22.8% | $460.0M-31.2% | $668.8M-2.7% | $687.7M-2.7% | $706.9M |
| Total Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MNR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $170.3M+32.3% | $128.7M+22.0% | $105.5M-18.9% | $130.1M-8.7% | $142.5M+6.6% | $133.7M+20.6% | $110.8M-5.1% | $116.8M |
| Capital Expenditures | $75.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $95.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$61.0M+32.8% | -$90.8M+84.8% | -$596.0M-343.5% | -$134.4M-72.3% | -$78.0M+38.6% | -$127.0M-35.1% | -$94.0M-207.8% | -$30.5M |
| Financing Cash Flow | -$99.3M-103.0% | -$48.9M-109.2% | $530.3M+5084.8% | $10.2M+106.3% | -$162.5M-90.3% | -$85.4M-469.9% | $23.1M+124.8% | -$93.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MNR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -3.4%-29.5pp | 26.1%+33.1pp | -7.0%-45.6pp | 38.6%+15.8pp | 22.8%-2.1pp | 24.9%-12.2pp | 37.1%+7.7pp | 29.4% |
| Net Margin | -12.3%-31.1pp | 18.9%+31.9pp | -13.1%-44.2pp | 31.1%+24.1pp | 7.0%-8.5pp | 15.5%-10.9pp | 26.4%+9.9pp | 16.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.9%-2.9pp | 1.9%+2.9pp | -0.9%-4.8pp | 3.8%+3.1pp | 0.7%-0.8pp | 1.6%-1.3pp | 2.9%+1.1pp | 1.8% |
| Current Ratio | 0.83-0.2 | 1.05+0.1 | 1.00+0.2 | 0.79+0.1 | 0.69-0.2 | 0.91-0.3 | 1.24+0.2 | 1.05 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | 26.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Mach Natural Resources's annual revenue?
Mach Natural Resources (MNR) reported $1.2B in total revenue for fiscal year 2025. This represents a 21.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mach Natural Resources's revenue growing?
Mach Natural Resources (MNR) revenue grew by 21.2% year-over-year, from $969.6M to $1.2B in fiscal year 2025.
Is Mach Natural Resources profitable?
Yes, Mach Natural Resources (MNR) reported a net income of $143.0M in fiscal year 2025, with a net profit margin of 12.2%.
What is Mach Natural Resources's EBITDA?
Mach Natural Resources (MNR) had EBITDA of $537.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mach Natural Resources have?
As of fiscal year 2025, Mach Natural Resources (MNR) had $42.6M in cash and equivalents against $1.1B in long-term debt.
What is Mach Natural Resources's operating margin?
Mach Natural Resources (MNR) had an operating margin of 20.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mach Natural Resources's net profit margin?
Mach Natural Resources (MNR) had a net profit margin of 12.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mach Natural Resources's operating cash flow?
Mach Natural Resources (MNR) generated $507.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mach Natural Resources's total assets?
Mach Natural Resources (MNR) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mach Natural Resources's current ratio?
Mach Natural Resources (MNR) had a current ratio of 1.05 as of fiscal year 2025, which is considered adequate.
What is Mach Natural Resources's return on assets (ROA)?
Mach Natural Resources (MNR) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mach Natural Resources's Piotroski F-Score?
Mach Natural Resources (MNR) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mach Natural Resources's earnings high quality?
Mach Natural Resources (MNR) has an earnings quality ratio of 3.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mach Natural Resources cover its interest payments?
Mach Natural Resources (MNR) has an interest coverage ratio of 3.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mach Natural Resources?
Mach Natural Resources (MNR) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.