Montana is about 1.2 times bigger than New Mexico.

New Mexico is approximately 314,310 sq km, while Montana is approximately 376,979 sq km, making Montana 20% larger than New Mexico. Meanwhile, the population of New Mexico is ~2.1 million people (1.1 million fewer people live in Montana).
Tip: This to-scale comparison of New Mexico vs. Montana uses the Mercator projection, which distorts the size of regions near the poles.