vs
Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $88.4M, roughly 1.3× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 6.1%, a 12.2% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 1.8%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
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.
AAT vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $88.4M |
| Net Profit | $6.7M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | 7.5% |
| Net Margin | 6.1% | 18.3% |
| Revenue YoY | 1.8% | 18.7% |
| Net Profit YoY | -16.3% | 401.5% |
| EPS (diluted) | $0.08 | $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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $88.4M | ||
| Q3 25 | $109.6M | $77.9M | ||
| Q2 25 | $107.9M | $77.4M | ||
| Q1 25 | $108.6M | $83.0M | ||
| Q4 24 | $113.5M | $74.5M | ||
| Q3 24 | $122.8M | $82.6M | ||
| Q2 24 | $110.9M | $69.8M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $16.2M | ||
| Q3 25 | $4.5M | $11.4M | ||
| Q2 25 | $5.5M | $7.6M | ||
| Q1 25 | $42.5M | $1.3M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $16.7M | $17.1M | ||
| Q2 24 | $11.9M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 7.5% | ||
| Q3 25 | 22.6% | 4.6% | ||
| Q2 25 | 24.1% | -1.1% | ||
| Q1 25 | 66.3% | -2.3% | ||
| Q4 24 | 26.5% | -0.5% | ||
| Q3 24 | 30.8% | 14.9% | ||
| Q2 24 | 27.8% | 8.1% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 18.3% | ||
| Q3 25 | 4.1% | 14.6% | ||
| Q2 25 | 5.1% | 9.8% | ||
| Q1 25 | 39.2% | 1.5% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | 13.6% | 20.7% | ||
| Q2 24 | 10.7% | 2.7% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.08 | ||
| Q3 25 | $0.07 | $0.05 | ||
| Q2 25 | $0.09 | $0.03 | ||
| Q1 25 | $0.70 | $-0.01 | ||
| Q4 24 | $0.14 | $-0.05 | ||
| Q3 24 | $0.28 | $0.09 | ||
| Q2 24 | $0.20 | $-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 | $118.3M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $1.1B | $-12.9M |
| Total Assets | $2.9B | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $24.4M | ||
| Q3 25 | $138.7M | $29.9M | ||
| Q2 25 | $143.7M | $29.3M | ||
| Q1 25 | $143.9M | $40.1M | ||
| Q4 24 | $425.7M | $24.3M | ||
| Q3 24 | $533.0M | $31.0M | ||
| Q2 24 | $114.9M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | $2.0B | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $-12.9M | ||
| Q3 25 | $1.2B | $7.5M | ||
| Q2 25 | $1.2B | $-25.0M | ||
| Q1 25 | $1.2B | $57.1M | ||
| Q4 24 | $1.2B | $-148.4M | ||
| Q3 24 | $1.2B | $-180.1M | ||
| Q2 24 | $1.2B | $-273.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $959.5M | ||
| Q3 25 | $2.9B | $916.7M | ||
| Q2 25 | $3.0B | $905.5M | ||
| Q1 25 | $3.0B | $884.9M | ||
| Q4 24 | $3.3B | $881.1M | ||
| Q3 24 | $3.4B | $831.1M | ||
| Q2 24 | $3.0B | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | 14.5% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $-3.5M | ||
| Q3 25 | $40.5M | $18.2M | ||
| Q2 25 | $49.2M | $-7.9M | ||
| Q1 25 | $36.9M | $29.7M | ||
| Q4 24 | $207.1M | $-532.0K | ||
| Q3 24 | $52.4M | $17.7M | ||
| Q2 24 | $59.3M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-13.4M | ||
| Q3 25 | $23.1M | $-9.3M | ||
| Q2 25 | $28.4M | $-29.7M | ||
| Q1 25 | $20.4M | $18.1M | ||
| Q4 24 | $136.9M | $-55.0M | ||
| Q3 24 | $28.0M | $-5.4M | ||
| Q2 24 | $43.6M | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -15.1% | ||
| Q3 25 | 21.1% | -11.9% | ||
| Q2 25 | 26.3% | -38.4% | ||
| Q1 25 | 18.8% | 21.8% | ||
| Q4 24 | 120.7% | -73.8% | ||
| Q3 24 | 22.8% | -6.5% | ||
| Q2 24 | 39.3% | -32.2% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 11.1% | ||
| Q3 25 | 15.9% | 35.3% | ||
| Q2 25 | 19.3% | 28.2% | ||
| Q1 25 | 15.1% | 13.9% | ||
| Q4 24 | 61.9% | 73.1% | ||
| Q3 24 | 19.9% | 27.9% | ||
| Q2 24 | 14.1% | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.22× | ||
| Q3 25 | 8.98× | 1.60× | ||
| Q2 25 | 9.01× | -1.04× | ||
| Q1 25 | 0.87× | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 1.03× | ||
| Q2 24 | 4.98× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
