OPAL Fuels Inc. (OPAL)
NASDAQ: OPAL · Real-Time Price · USD
2.200
+0.050 (2.33%)
Aug 17, 2026, 4:00 PM EDT - Market closed

OPAL Fuels Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
339.89348.98299.97256.11235.53166.12
Revenue Growth
3.02%16.34%17.13%8.74%41.78%41.13%
Gross Profit
89.591.2481.0168.4366.351.06
Operating Income
7.444.79101.521.7811.03
Net Income
-0.434.280.5618.943.3941.57
Earnings Per Share
-9.000.150.020.690.12-
EPS Growth
-650.00%-97.10%452.14%--

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Renewable Natural Gas (RNG) Fuel
94.39101.6688.4266.2973.1670.36
Fuel Station Services
214.48214.55166.88135.01117.4250.44
Renewable Power
31.0232.7744.6854.844.9645.32
Revenue (Total)
339.89348.98299.97256.11235.53166.12

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
92.4824.4124.3148.22105.3739.31
Total Debt
431.69368.24320.7219.4180.93230.1
Net Cash (Debt)
-339.21-343.83-296.39-171.18-75.56-190.78
Net Cash Growth
------
Net Cash Per Share
-0.66-11.75-10.70-6.23-2.90-

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
38.3736.531.3938.27-1.3618.86
Capital Expenditures
-90.01-70.74-127.24-113.83-131.41-89.65
Free Cash Flow
-51.64-34.24-95.85-75.56-132.77-70.79
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
26.33%26.15%27.01%26.72%28.15%30.73%
Operating Margin
2.19%1.37%3.33%0.59%0.76%6.64%
Pretax Margin
-6.96%-4.68%1.81%49.60%13.83%24.54%
Profit Margin
-0.13%1.23%0.19%7.39%1.44%25.02%
FCF Margin
-15.19%-9.81%-31.95%-29.50%-56.37%-42.61%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-15.94171.798.1562.22-
Forward PE
1.562.171.423.4013.49-
PS Ratio
1.130.200.320.600.90-