Saturday 17 October 2026 Export OPAL’s income statement to Excel — free account

OPAL Fuels Inc.

OPAL Fuels Inc.’s revenue for fiscal 2025 (year ended December 2025) was $349.0 million, up 16.3% from fiscal 2024. In the quarter to June 2026, revenue grew 3.66%, EPS fell 266.7%, free cash flow grew 43.3% and total debt rose 34.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

1.56 0.01 −0.64%

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Market cap: $274.3M
P/E: 0.0×
Fwd P/E: 5.8×
Dividend yield: —
F-score: 6/9
Altman Z: 0.45
Beneish M: −2.18
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.46

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	4	2	—	1	2	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 39.81%

Capital & Financial Ratios $m

Market Cap 274.26

Revenue 339.89

Net Income 17.83

Free Cash Flow (47.94)

Net Debt 339.41

Current Ratio 1.82

Debt/Equity 11.39

P/E ratio 0.00

Fwd P/E 5.75

P/S ratio 0.14

P/B ratio 1.22

Past 5Y EPS Growth —

This Y EPS Growth 283.33%

Next Y EPS Growth 49.01%

Next Y revenue growth 3.56%

Next 5Y EPS Growth 27.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.48%

10-year low 10-year high

EV/Sales against its own 10 years 66.64%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	53	25	26	92
Receivables	52	47	62	38
Inventory	10	10	11	13
Other	8	11	8	7
	128	117	123	163

	2023	2024	2025	Q'26
Payables	21	17	19	13
ST’ Debt	2	13	15	19
Other	8	9	6	3
	74	104	104	90

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	14.00%
Cash Flow	—	—	0.00%
Earnings	—	—	8.10%
Book Value	—	—	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	73	83	—	—	—
’25	85	80	83	100	349
’24	65	71	84	80	300
’23	43	55	71	87	256
’22	49	53	67	67	236

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13	11	—	—	—
’25	30	(8)	18	(4)	36
’24	14	1	18	(1)	31
’23	4	4	(3)	33	38
’22	(9)	0	(13)	21	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(11)	(17)	—	—	—
’25	18	(30)	(9)	(10)	(31)
’24	(13)	(22)	(5)	(54)	(95)
’23	(35)	(30)	(23)	12	(76)
’22	(31)	(32)	(44)	(26)	(133)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.09)	(0.05)	—	—	—
’25	(0.01)	0.03	0.05	0.08	0.15
’24	(0.01)	(0.01)	0.09	(0.05)	0.02
’23	(0.06)	0.66	(0.01)	0.11	0.69

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	9.61	5.82	5.16	2.96	1.26	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	10.32	12.35	8.63	5.54	4.08
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	—	—	—	—	—	166	236	256	300	349
	Gross margin, %	—	—	—	—	—	30.74	30.88	28.19	33.38	30.43
	EBT	—	—	—	—	—	41	33	127	5	(16)
	EBT margin, %	—	—	—	—	—	24.54	13.83	49.60	1.81	(4.68)
	Net income	—	0	—	—	—	41	33	127	14	36
	Depreciation	—	—	—	—	—	11	16	16	20	25
Per share, $
Per share, $	Revenue	—	—	—	—	—	1.15	9.14	9.43	10.86	12.40
	Earnings	—	—	—	—	—	(0.65)	0.13	0.70	0.02	0.15
	Cash flow	—	—	—	—	—	0.13	(0.05)	1.41	1.14	1.30
	Capex	—	—	—	—	—	(0.62)	(5.10)	(4.19)	(4.58)	(2.41)
	Free cash flow	—	—	—	—	—	(0.49)	(5.15)	(2.78)	(3.44)	(1.11)
	Book value	—	—	—	—	—	0.01	(30.04)	(17.60)	(5.35)	(0.36)
	Shares, m	—	—	—	—	—	144	26	27	28	28
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	0.00	21.53	7.64	169.50	15.73
	P/S	—	—	—	—	—	0.00	0.75	0.57	0.31	0.19
	P/B	—	—	—	—	—	63.20	0.00	0.00	0.00	0.00
	EV/Sales	—	—	—	—	—	0.00	0.88	1.14	1.22	1.13
	EV/FCF	—	—	—	—	—	14.09	(1.56)	(3.85)	(3.85)	(12.58)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	19	(1)	38	31	36
	Capex	—	—	—	—	—	(90)	(131)	(114)	(126)	(68)
	Free cash flow	—	—	—	—	—	(71)	(133)	(76)	(95)	(31)
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	(55)	59	54	13	18
	Total debt	—	—	—	—	—	229	168	198	298	352
	Net debt	—	—	—	—	—	190	30	146	272	327
	Shareholders’ equity	—	—	—	—	—	1	(774)	(478)	(148)	(10)
Returns, %
Returns, %	ROA	—	—	—	—	—	0.00	0.66	2.71	0.07	0.47
	ROIC	—	—	—	—	—	3.61	0.00	0.00	10.65	1.46
	ROE	—	—	—	—	—	0.00	(0.88)	(3.02)	(0.18)	(5.42)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SR Spire Inc.	$4.8B	9.1×	20.4×	+19.21% (above 0%: growing)	+1,131.03% (above 0%: growing)	+0.22% (above 0%: growing)	75.92%	5.57%	Compare
OGS ONE Gas, Inc.	$4.7B	16.2×	16.5×	−2.86% (below 0%: shrinking)	+39.62% (above 0%: growing)	+511.45% (above 0%: growing)	78.07%	20.08%	Compare
MDU MDU Resources Group, Inc.	$3.9B	20.0×	21.8×	+6.87% (above 0%: growing)	+42.86% (above 0%: growing)	−58.85% (below 0%: shrinking)	64.77%	12.78%	Compare
CPK Chesapeake Utilities Corporation	$3.2B	21.0×	19.2×	+4.72% (above 0%: growing)	+2.91% (above 0%: growing)	+38.63% (above 0%: growing)	74.39%	26.20%	Compare
NWN Northwest Natural Gas Company	$2.0B	16.3×	16.5×	+3.12% (above 0%: growing)	n/m	+36.83% (above 0%: growing)	74.64%	13.61%	Compare
CTRI Centuri Holdings, Inc.	$2.0B	63.6×	67.3×	+32.86% (above 0%: growing)	−33.33% (below 0%: shrinking)	+85.38% (above 0%: growing)	7.19%	2.51%	Compare
SPH Suburban Propane Partners, L.P.	$1.2B	8.9×	9.8×	+0.47% (above 0%: growing)	n/m	−38.67% (below 0%: shrinking)	61.34%	0.85%	Compare
OPAL OPAL Fuels Inc.	$274.3M	— (loss-making)	5.8×	+3.66% (above 0%: growing)	n/m	+43.29% (above 0%: growing)	29.34%	(3.61%)
RGCO RGC Resources Inc.	$238.4M	16.6×	16.6×	−0.92% (below 0%: shrinking)	0.00%	−122.88% (below 0%: shrinking)	59.62%	6.85%	Compare
Median of peers	$2.6B	16.5×	17.9×	+3.92%	+21.27%	+18.53%	69.58%	9.82%

All 15 Utilities Regulated Gas stocks →

OPAL Fuels Inc. (OPAL) key facts

Strength: OPAL Fuels Inc.’s revenue for fiscal 2025 (year ended December 2025) was $349.0 million, up 16.3% from fiscal 2024.
OPAL Fuels Inc. (OPAL) is an Utilities Regulated Gas company in the Utilities sector, listed on Nasdaq.
As of October 16, 2026, OPAL traded at $1.56, a market capitalization of $274.3 million.
Return on equity was −5.42% and debt-to-equity 11.39.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.45 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.