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Stocks · Utilities · Gas & Other Services Combined

OPAL Fuels Inc.

OPAL Clue Score50
United States Fiscal year ends December CIK 0001842279
$1.73 +2.98% Close, 9 Oct 2026
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Price $1.73 −76.14% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Jul 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue162.0Operating income−4.9Net income40.8EPS, diluted0.00Fiscal year 2022Revenue230.7 +42.3%Operating income7.6Net income32.6 −20.1%EPS, diluted0.12Fiscal year 2023Revenue251.1 +8.9%Operating income7.0Net income127.0 +289.9%EPS, diluted0.69 +475.0%Fiscal year 2024Revenue290.9 +15.8%Operating income21.2Net income14.3 −88.7%EPS, diluted0.02 −97.1%Fiscal year 2025Revenue326.7 +12.3%Operating income7.4Net income36.4 +154.2%EPS, diluted0.15 +650.0%
FY2021FY2022FY2023FY2024FY2025
Revenue 162.0 230.7 251.1 290.9 326.7
Growth +42.3% +8.9% +15.8% +12.3%
Operating income −4.9 7.6 7.0 21.2 7.4
Net income 40.8 32.6 127.0 14.3 36.4
Growth −20.1% +289.9% −88.7% +154.2%
EPS, diluted 0.00 0.12 0.69 0.02 0.15
Growth +475.0% −97.1% +650.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2021Operating margin−3.1%Net margin25.2%Free cash flow margin−56.5%Fiscal year 2022Operating margin3.3%Net margin14.1%Free cash flow margin−57.6%Fiscal year 2023Operating margin2.8%Net margin50.6%Free cash flow margin−30.1%Fiscal year 2024Operating margin7.3%Net margin4.9%Free cash flow margin−33.0%Fiscal year 2025Operating margin2.3%Net margin11.1%Free cash flow margin−10.5%
FY2021FY2022FY2023FY2024FY2025
Operating margin −3.1% 3.3% 2.8% 7.3% 2.3%
Net margin 25.2% 14.1% 50.6% 4.9% 11.1%
Free cash flow margin −56.5% −57.6% −30.1% −33.0% −10.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−1.9Capital expenditure−89.6Free cash flow−91.6Fiscal year 2022Operating cash flow−1.4Capital expenditure−131.4Free cash flow−132.8Fiscal year 2023Operating cash flow38.3Capital expenditure−113.8Free cash flow−75.6Fiscal year 2024Operating cash flow31.4Capital expenditure−127.2Free cash flow−95.9Fiscal year 2025Operating cash flow36.5Capital expenditure−70.7Free cash flow−34.2
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.9 −1.4 38.3 31.4 36.5
Capital expenditure −89.6 −131.4 −113.8 −127.2 −70.7
Free cash flow −91.6 −132.8 −75.6 −95.9 −34.2
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash39.3Total debt134.1Net cash (debt)−94.8Shareholders’ equity0.0Debt to equity9,577.36Fiscal year 2022Cash40.4Total debt88.3Net cash (debt)−47.9Shareholders’ equity−800.6Fiscal year 2023Cash38.3Total debt196.5Net cash (debt)−158.2Shareholders’ equity−478.8Fiscal year 2024Cash24.3Total debt285.0Net cash (debt)−260.7Shareholders’ equity−148.4Fiscal year 2025Cash24.4Total debt361.3Net cash (debt)−336.9Shareholders’ equity−12.9
FY2021FY2022FY2023FY2024FY2025
Cash 39.3 40.4 38.3 24.3 24.4
Total debt 134.1 88.3 196.5 285.0 361.3
Net cash (debt) −94.8 −47.9 −158.2 −260.7 −336.9
Shareholders’ equity 0.0 −800.6 −478.8 −148.4 −12.9
Debt to equity 9,577.36 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
39.3 40.4 38.3 24.3 24.4
25.4 31.1 27.6 46.5 61.8
169.8 n/a n/a n/a n/a
54.6 54.6 54.6 54.6 54.6
380.8 644.9 754.6 881.1 959.5
Growth +69.3% +17.0% +16.8% +8.9%
Liabilities
134.1 88.3 196.5 285.0 361.3
calc 134.1 88.3 196.5 285.0 361.3
285.9 267.0 297.1 416.0 461.7
Equity
0.0 −800.8 −467.2 −137.0 −1.3
0.0 −800.6 −478.8 −148.4 −12.9
Growth −5,718,678.6%
Per share and net cash
calc −94.8 −47.9 −158.2 −260.7 −336.9

Lines marked calc are worked out here from filed figures; point at one for how.