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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
−3.1% 3.3% 2.8% 7.3% 2.3%
25.2% 14.1% 50.6% 1.9% −5.0%
25.2% 14.1% 50.6% 4.9% 11.1%
−56.5% −57.6% −30.1% −33.0% −10.5%
Spending
n/a 2.8% 1.9% 6.6% 4.6%
18.1% 22.3% 20.4% 18.3% 19.6%
55.3% 57.0% 45.3% 43.7% 21.7%
0.0% 0.0% 0.0% −164.3% n/a
Returns
291,207.1% n/a n/a n/a n/a
10.7% 5.1% 16.8% 1.6% 3.8%
Balance and payout
9,577.36 n/a n/a n/a n/a
75.1% 41.4% 39.4% 47.2% 48.1%