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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) 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 $85.2M, roughly 1.0× Amalgamated Financial Corp.). On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

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.

AMAL vs OPAL — Head-to-Head

Bigger by revenue
OPAL
OPAL
1.0× larger
OPAL
$88.4M
$85.2M
AMAL
Growing faster (revenue YoY)
OPAL
OPAL
+9.3% gap
OPAL
18.7%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$147.8M more FCF
AMAL
$134.4M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
OPAL
OPAL
Annualised
OPAL
17.6%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
OPAL
OPAL
Revenue
$85.2M
$88.4M
Net Profit
$16.2M
Gross Margin
Operating Margin
39.0%
7.5%
Net Margin
18.3%
Revenue YoY
9.4%
18.7%
Net Profit YoY
401.5%
EPS (diluted)
$0.88
$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.

Revenue
AMAL
AMAL
OPAL
OPAL
Q4 25
$85.2M
$88.4M
Q3 25
$85.6M
$77.9M
Q2 25
$80.9M
$77.4M
Q1 25
$77.0M
$83.0M
Q4 24
$77.9M
$74.5M
Q3 24
$81.0M
$82.6M
Q2 24
$78.5M
$69.8M
Q1 24
$78.3M
$64.0M
Net Profit
AMAL
AMAL
OPAL
OPAL
Q4 25
$16.2M
Q3 25
$26.8M
$11.4M
Q2 25
$26.0M
$7.6M
Q1 25
$25.0M
$1.3M
Q4 24
$-5.4M
Q3 24
$27.9M
$17.1M
Q2 24
$26.8M
$1.9M
Q1 24
$27.2M
$677.0K
Operating Margin
AMAL
AMAL
OPAL
OPAL
Q4 25
39.0%
7.5%
Q3 25
42.9%
4.6%
Q2 25
43.8%
-1.1%
Q1 25
45.1%
-2.3%
Q4 24
42.4%
-0.5%
Q3 24
47.2%
14.9%
Q2 24
45.6%
8.1%
Q1 24
49.2%
5.6%
Net Margin
AMAL
AMAL
OPAL
OPAL
Q4 25
18.3%
Q3 25
31.3%
14.6%
Q2 25
32.1%
9.8%
Q1 25
32.5%
1.5%
Q4 24
-7.2%
Q3 24
34.5%
20.7%
Q2 24
34.1%
2.7%
Q1 24
34.8%
1.1%
EPS (diluted)
AMAL
AMAL
OPAL
OPAL
Q4 25
$0.88
$0.08
Q3 25
$0.88
$0.05
Q2 25
$0.84
$0.03
Q1 25
$0.81
$-0.01
Q4 24
$0.78
$-0.05
Q3 24
$0.90
$0.09
Q2 24
$0.87
$-0.01
Q1 24
$0.89
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMAL
AMAL
OPAL
OPAL
Cash + ST InvestmentsLiquidity on hand
$291.2M
$24.4M
Total DebtLower is stronger
$361.3M
Stockholders' EquityBook value
$794.5M
$-12.9M
Total Assets
$8.9B
$959.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
OPAL
OPAL
Q4 25
$291.2M
$24.4M
Q3 25
$115.5M
$29.9M
Q2 25
$171.1M
$29.3M
Q1 25
$65.7M
$40.1M
Q4 24
$60.7M
$24.3M
Q3 24
$149.2M
$31.0M
Q2 24
$58.0M
$27.6M
Q1 24
$155.2M
$34.2M
Total Debt
AMAL
AMAL
OPAL
OPAL
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
Stockholders' Equity
AMAL
AMAL
OPAL
OPAL
Q4 25
$794.5M
$-12.9M
Q3 25
$775.6M
$7.5M
Q2 25
$754.0M
$-25.0M
Q1 25
$736.0M
$57.1M
Q4 24
$707.7M
$-148.4M
Q3 24
$698.2M
$-180.1M
Q2 24
$646.0M
$-273.0M
Q1 24
$616.8M
$-382.4M
Total Assets
AMAL
AMAL
OPAL
OPAL
Q4 25
$8.9B
$959.5M
Q3 25
$8.7B
$916.7M
Q2 25
$8.6B
$905.5M
Q1 25
$8.3B
$884.9M
Q4 24
$8.3B
$881.1M
Q3 24
$8.4B
$831.1M
Q2 24
$8.3B
$782.3M
Q1 24
$8.1B
$750.5M
Debt / Equity
AMAL
AMAL
OPAL
OPAL
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
AMAL
AMAL
OPAL
OPAL
Operating Cash FlowLast quarter
$135.8M
$-3.5M
Free Cash FlowOCF − Capex
$134.4M
$-13.4M
FCF MarginFCF / Revenue
157.8%
-15.1%
Capex IntensityCapex / Revenue
1.6%
11.1%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$-34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
OPAL
OPAL
Q4 25
$135.8M
$-3.5M
Q3 25
$39.5M
$18.2M
Q2 25
$24.9M
$-7.9M
Q1 25
$34.2M
$29.7M
Q4 24
$124.1M
$-532.0K
Q3 24
$35.8M
$17.7M
Q2 24
$28.0M
$533.0K
Q1 24
$31.3M
$13.7M
Free Cash Flow
AMAL
AMAL
OPAL
OPAL
Q4 25
$134.4M
$-13.4M
Q3 25
$38.3M
$-9.3M
Q2 25
$24.2M
$-29.7M
Q1 25
$32.5M
$18.1M
Q4 24
$122.3M
$-55.0M
Q3 24
$35.2M
$-5.4M
Q2 24
$27.8M
$-22.5M
Q1 24
$31.1M
$-13.0M
FCF Margin
AMAL
AMAL
OPAL
OPAL
Q4 25
157.8%
-15.1%
Q3 25
44.7%
-11.9%
Q2 25
29.9%
-38.4%
Q1 25
42.2%
21.8%
Q4 24
157.0%
-73.8%
Q3 24
43.4%
-6.5%
Q2 24
35.4%
-32.2%
Q1 24
39.7%
-20.4%
Capex Intensity
AMAL
AMAL
OPAL
OPAL
Q4 25
1.6%
11.1%
Q3 25
1.4%
35.3%
Q2 25
0.9%
28.2%
Q1 25
2.3%
13.9%
Q4 24
2.3%
73.1%
Q3 24
0.7%
27.9%
Q2 24
0.3%
32.9%
Q1 24
0.3%
41.8%
Cash Conversion
AMAL
AMAL
OPAL
OPAL
Q4 25
-0.22×
Q3 25
1.47×
1.60×
Q2 25
0.96×
-1.04×
Q1 25
1.37×
23.11×
Q4 24
Q3 24
1.28×
1.03×
Q2 24
1.05×
0.28×
Q1 24
1.15×
20.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

OPAL
OPAL

Fuel Station Services Segment$65.1M74%
Related Party$12.1M14%
Renewable Power Segment$8.6M10%
Other$2.6M3%

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