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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $53.8M, roughly 1.6× ATLANTIC AMERICAN CORP). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 1.1%, a 17.2% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs 18.7%). ATLANTIC AMERICAN CORP produced more free cash flow last quarter ($6.6M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 7.2%).
The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
AAME vs OPAL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $88.4M |
| Net Profit | $577.0K | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 1.4% | 7.5% |
| Net Margin | 1.1% | 18.3% |
| Revenue YoY | 20.8% | 18.7% |
| Net Profit YoY | 128.9% | 401.5% |
| EPS (diluted) | $0.02 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $88.4M | ||
| Q3 25 | $53.8M | $77.9M | ||
| Q2 25 | $55.3M | $77.4M | ||
| Q1 25 | $50.1M | $83.0M | ||
| Q4 24 | $49.0M | $74.5M | ||
| Q3 24 | $44.5M | $82.6M | ||
| Q2 24 | $47.7M | $69.8M | ||
| Q1 24 | $47.0M | $64.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $577.0K | $11.4M | ||
| Q2 25 | $3.3M | $7.6M | ||
| Q1 25 | $802.0K | $1.3M | ||
| Q4 24 | $412.0K | $-5.4M | ||
| Q3 24 | $-2.0M | $17.1M | ||
| Q2 24 | $-684.0K | $1.9M | ||
| Q1 24 | $-2.0M | $677.0K |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 1.4% | 4.6% | ||
| Q2 25 | 7.6% | -1.1% | ||
| Q1 25 | 2.1% | -2.3% | ||
| Q4 24 | 1.1% | -0.5% | ||
| Q3 24 | -5.5% | 14.9% | ||
| Q2 24 | -1.8% | 8.1% | ||
| Q1 24 | -5.3% | 5.6% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 1.1% | 14.6% | ||
| Q2 25 | 6.0% | 9.8% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 0.8% | -7.2% | ||
| Q3 24 | -4.5% | 20.7% | ||
| Q2 24 | -1.4% | 2.7% | ||
| Q1 24 | -4.3% | 1.1% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | $0.02 | $0.05 | ||
| Q2 25 | $0.15 | $0.03 | ||
| Q1 25 | $0.03 | $-0.01 | ||
| Q4 24 | $0.01 | $-0.05 | ||
| Q3 24 | $-0.10 | $0.09 | ||
| Q2 24 | $-0.04 | $-0.01 | ||
| Q1 24 | $-0.10 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.4M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $109.5M | $-12.9M |
| Total Assets | $430.9M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.4M | ||
| Q3 25 | $34.4M | $29.9M | ||
| Q2 25 | $46.4M | $29.3M | ||
| Q1 25 | $35.9M | $40.1M | ||
| Q4 24 | $35.6M | $24.3M | ||
| Q3 24 | $23.0M | $31.0M | ||
| Q2 24 | $21.2M | $27.6M | ||
| Q1 24 | $21.2M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | — | $-12.9M | ||
| Q3 25 | $109.5M | $7.5M | ||
| Q2 25 | $106.2M | $-25.0M | ||
| Q1 25 | $102.4M | $57.1M | ||
| Q4 24 | $99.6M | $-148.4M | ||
| Q3 24 | $105.8M | $-180.1M | ||
| Q2 24 | $100.7M | $-273.0M | ||
| Q1 24 | $102.8M | $-382.4M |
| Q4 25 | — | $959.5M | ||
| Q3 25 | $430.9M | $916.7M | ||
| Q2 25 | $429.3M | $905.5M | ||
| Q1 25 | $388.4M | $884.9M | ||
| Q4 24 | $393.4M | $881.1M | ||
| Q3 24 | $387.0M | $831.1M | ||
| Q2 24 | $386.0M | $782.3M | ||
| Q1 24 | $365.8M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $-3.5M |
| Free Cash FlowOCF − Capex | $6.6M | $-13.4M |
| FCF MarginFCF / Revenue | 12.3% | -15.1% |
| Capex IntensityCapex / Revenue | 0.1% | 11.1% |
| Cash ConversionOCF / Net Profit | 11.51× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $19.3M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.5M | ||
| Q3 25 | $6.6M | $18.2M | ||
| Q2 25 | $9.3M | $-7.9M | ||
| Q1 25 | $-722.0K | $29.7M | ||
| Q4 24 | $4.8M | $-532.0K | ||
| Q3 24 | $90.0K | $17.7M | ||
| Q2 24 | $416.0K | $533.0K | ||
| Q1 24 | $-5.3M | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | $6.6M | $-9.3M | ||
| Q2 25 | $9.1M | $-29.7M | ||
| Q1 25 | $-986.0K | $18.1M | ||
| Q4 24 | $4.6M | $-55.0M | ||
| Q3 24 | $58.0K | $-5.4M | ||
| Q2 24 | $361.0K | $-22.5M | ||
| Q1 24 | $-5.4M | $-13.0M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | 12.3% | -11.9% | ||
| Q2 25 | 16.5% | -38.4% | ||
| Q1 25 | -2.0% | 21.8% | ||
| Q4 24 | 9.3% | -73.8% | ||
| Q3 24 | 0.1% | -6.5% | ||
| Q2 24 | 0.8% | -32.2% | ||
| Q1 24 | -11.4% | -20.4% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | 0.1% | 35.3% | ||
| Q2 25 | 0.3% | 28.2% | ||
| Q1 25 | 0.5% | 13.9% | ||
| Q4 24 | 0.5% | 73.1% | ||
| Q3 24 | 0.1% | 27.9% | ||
| Q2 24 | 0.1% | 32.9% | ||
| Q1 24 | 0.1% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 11.51× | 1.60× | ||
| Q2 25 | 2.80× | -1.04× | ||
| Q1 25 | -0.90× | 23.11× | ||
| Q4 24 | 11.65× | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
