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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.0× AlTi Global, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -15.1%, a 33.4% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 18.7%). OPAL Fuels Inc. produced more free cash flow last quarter ($-13.4M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 17.6%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $88.4M |
| Net Profit | $-13.1M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -2.1% | 7.5% |
| Net Margin | -15.1% | 18.3% |
| Revenue YoY | 87.0% | 18.7% |
| Net Profit YoY | 75.6% | 401.5% |
| EPS (diluted) | — | $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 | $86.6M | $88.4M | ||
| Q3 25 | $57.2M | $77.9M | ||
| Q2 25 | $53.1M | $77.4M | ||
| Q1 25 | $58.0M | $83.0M | ||
| Q4 24 | $46.3M | $74.5M | ||
| Q3 24 | $51.8M | $82.6M | ||
| Q2 24 | $49.5M | $69.8M | ||
| Q1 24 | $50.8M | $64.0M |
| Q4 25 | $-13.1M | $16.2M | ||
| Q3 25 | $-84.1M | $11.4M | ||
| Q2 25 | $-24.4M | $7.6M | ||
| Q1 25 | $1.9M | $1.3M | ||
| Q4 24 | $-53.8M | $-5.4M | ||
| Q3 24 | $-72.5M | $17.1M | ||
| Q2 24 | $-6.4M | $1.9M | ||
| Q1 24 | $29.7M | $677.0K |
| Q4 25 | -2.1% | 7.5% | ||
| Q3 25 | -49.8% | 4.6% | ||
| Q2 25 | -56.7% | -1.1% | ||
| Q1 25 | -23.3% | -2.3% | ||
| Q4 24 | -42.7% | -0.5% | ||
| Q3 24 | -18.4% | 14.9% | ||
| Q2 24 | -30.2% | 8.1% | ||
| Q1 24 | -28.9% | 5.6% |
| Q4 25 | -15.1% | 18.3% | ||
| Q3 25 | -147.0% | 14.6% | ||
| Q2 25 | -45.9% | 9.8% | ||
| Q1 25 | 3.3% | 1.5% | ||
| Q4 24 | -116.1% | -7.2% | ||
| Q3 24 | -140.0% | 20.7% | ||
| Q2 24 | -12.9% | 2.7% | ||
| Q1 24 | 58.4% | 1.1% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | $-0.33 | $0.03 | ||
| Q1 25 | $-0.04 | $-0.01 | ||
| Q4 24 | $-0.71 | $-0.05 | ||
| Q3 24 | $-0.88 | $0.09 | ||
| Q2 24 | $-0.18 | $-0.01 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $24.4M |
| Total DebtLower is stronger | $883.0K | $361.3M |
| Stockholders' EquityBook value | $600.1M | $-12.9M |
| Total Assets | $1.2B | $959.5M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $24.4M | ||
| Q3 25 | $35.8M | $29.9M | ||
| Q2 25 | $42.4M | $29.3M | ||
| Q1 25 | $52.8M | $40.1M | ||
| Q4 24 | $64.4M | $24.3M | ||
| Q3 24 | $220.6M | $31.0M | ||
| Q2 24 | $60.0M | $27.6M | ||
| Q1 24 | $134.2M | $34.2M |
| Q4 25 | $883.0K | $361.3M | ||
| Q3 25 | $586.0K | $351.2M | ||
| Q2 25 | $673.0K | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | $0 | $307.5M | ||
| Q3 24 | $128.4M | $252.9M | ||
| Q2 24 | $164.0M | $233.3M | ||
| Q1 24 | $183.7M | $208.7M |
| Q4 25 | $600.1M | $-12.9M | ||
| Q3 25 | $607.2M | $7.5M | ||
| Q2 25 | $685.4M | $-25.0M | ||
| Q1 25 | $665.2M | $57.1M | ||
| Q4 24 | $658.4M | $-148.4M | ||
| Q3 24 | $707.0M | $-180.1M | ||
| Q2 24 | $540.2M | $-273.0M | ||
| Q1 24 | $510.9M | $-382.4M |
| Q4 25 | $1.2B | $959.5M | ||
| Q3 25 | $1.2B | $916.7M | ||
| Q2 25 | $1.2B | $905.5M | ||
| Q1 25 | $1.2B | $884.9M | ||
| Q4 24 | $1.3B | $881.1M | ||
| Q3 24 | $1.4B | $831.1M | ||
| Q2 24 | $1.3B | $782.3M | ||
| Q1 24 | $1.3B | $750.5M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | 46.95× | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $-3.5M |
| Free Cash FlowOCF − Capex | $-52.2M | $-13.4M |
| FCF MarginFCF / Revenue | -60.3% | -15.1% |
| Capex IntensityCapex / Revenue | 0.9% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $-3.5M | ||
| Q3 25 | $-53.5M | $18.2M | ||
| Q2 25 | $-19.9M | $-7.9M | ||
| Q1 25 | $-30.2M | $29.7M | ||
| Q4 24 | $-50.7M | $-532.0K | ||
| Q3 24 | $-4.9M | $17.7M | ||
| Q2 24 | $-30.2M | $533.0K | ||
| Q1 24 | $-15.5M | $13.7M |
| Q4 25 | $-52.2M | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | $-20.0M | $-29.7M | ||
| Q1 25 | $-31.0M | $18.1M | ||
| Q4 24 | $-58.2M | $-55.0M | ||
| Q3 24 | $-9.4M | $-5.4M | ||
| Q2 24 | $-31.2M | $-22.5M | ||
| Q1 24 | $-15.7M | $-13.0M |
| Q4 25 | -60.3% | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | -37.6% | -38.4% | ||
| Q1 25 | -53.4% | 21.8% | ||
| Q4 24 | -125.7% | -73.8% | ||
| Q3 24 | -18.2% | -6.5% | ||
| Q2 24 | -63.2% | -32.2% | ||
| Q1 24 | -30.9% | -20.4% |
| Q4 25 | 0.9% | 11.1% | ||
| Q3 25 | 0.0% | 35.3% | ||
| Q2 25 | 0.0% | 28.2% | ||
| Q1 25 | 1.3% | 13.9% | ||
| Q4 24 | 16.3% | 73.1% | ||
| Q3 24 | 8.7% | 27.9% | ||
| Q2 24 | 2.2% | 32.9% | ||
| Q1 24 | 0.4% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | -15.80× | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | -0.52× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
