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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $88.4M, roughly 1.2× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -55.2%, a 73.5% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 11.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $88.4M |
| Net Profit | $-57.7M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -54.0% | 7.5% |
| Net Margin | -55.2% | 18.3% |
| Revenue YoY | 11.5% | 18.7% |
| Net Profit YoY | -1958.9% | 401.5% |
| EPS (diluted) | $-2.87 | $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 | $104.4M | $88.4M | ||
| Q3 25 | $103.7M | $77.9M | ||
| Q2 25 | $108.9M | $77.4M | ||
| Q1 25 | $99.2M | $83.0M | ||
| Q4 24 | $93.6M | $74.5M | ||
| Q3 24 | $92.1M | $82.6M | ||
| Q2 24 | $107.1M | $69.8M | ||
| Q1 24 | $110.0M | $64.0M |
| Q4 25 | $-57.7M | $16.2M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-7.3M | $7.6M | ||
| Q1 25 | $1.1M | $1.3M | ||
| Q4 24 | $3.1M | $-5.4M | ||
| Q3 24 | $-2.0M | $17.1M | ||
| Q2 24 | $2.0M | $1.9M | ||
| Q1 24 | $-2.7M | $677.0K |
| Q4 25 | -54.0% | 7.5% | ||
| Q3 25 | 1.1% | 4.6% | ||
| Q2 25 | -2.8% | -1.1% | ||
| Q1 25 | 3.9% | -2.3% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 2.0% | 14.9% | ||
| Q2 24 | 4.7% | 8.1% | ||
| Q1 24 | 0.1% | 5.6% |
| Q4 25 | -55.2% | 18.3% | ||
| Q3 25 | -2.1% | 14.6% | ||
| Q2 25 | -6.7% | 9.8% | ||
| Q1 25 | 1.2% | 1.5% | ||
| Q4 24 | 3.3% | -7.2% | ||
| Q3 24 | -2.1% | 20.7% | ||
| Q2 24 | 1.9% | 2.7% | ||
| Q1 24 | -2.5% | 1.1% |
| Q4 25 | $-2.87 | $0.08 | ||
| Q3 25 | $-0.11 | $0.05 | ||
| Q2 25 | $-0.36 | $0.03 | ||
| Q1 25 | $0.06 | $-0.01 | ||
| Q4 24 | $0.16 | $-0.05 | ||
| Q3 24 | $-0.10 | $0.09 | ||
| Q2 24 | $0.10 | $-0.01 | ||
| Q1 24 | $-0.14 | $-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 | $10.7M | $24.4M |
| Total DebtLower is stronger | $117.9M | $361.3M |
| Stockholders' EquityBook value | $32.6M | $-12.9M |
| Total Assets | $495.4M | $959.5M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $24.4M | ||
| Q3 25 | $15.0M | $29.9M | ||
| Q2 25 | $9.9M | $29.3M | ||
| Q1 25 | $7.1M | $40.1M | ||
| Q4 24 | $15.4M | $24.3M | ||
| Q3 24 | $11.8M | $31.0M | ||
| Q2 24 | $7.9M | $27.6M | ||
| Q1 24 | $10.8M | $34.2M |
| Q4 25 | $117.9M | $361.3M | ||
| Q3 25 | $119.0M | $351.2M | ||
| Q2 25 | $115.9M | $331.6M | ||
| Q1 25 | $115.0M | $307.0M | ||
| Q4 24 | $116.4M | $307.5M | ||
| Q3 24 | $116.0M | $252.9M | ||
| Q2 24 | $119.4M | $233.3M | ||
| Q1 24 | $116.2M | $208.7M |
| Q4 25 | $32.6M | $-12.9M | ||
| Q3 25 | $60.1M | $7.5M | ||
| Q2 25 | $62.7M | $-25.0M | ||
| Q1 25 | $64.6M | $57.1M | ||
| Q4 24 | $58.9M | $-148.4M | ||
| Q3 24 | $61.3M | $-180.1M | ||
| Q2 24 | $58.0M | $-273.0M | ||
| Q1 24 | $56.3M | $-382.4M |
| Q4 25 | $495.4M | $959.5M | ||
| Q3 25 | $524.4M | $916.7M | ||
| Q2 25 | $537.2M | $905.5M | ||
| Q1 25 | $536.2M | $884.9M | ||
| Q4 24 | $530.9M | $881.1M | ||
| Q3 24 | $547.4M | $831.1M | ||
| Q2 24 | $560.8M | $782.3M | ||
| Q1 24 | $565.8M | $750.5M |
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | 46.95× | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | 5.38× | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 2.06× | — |
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 | $2.7M | $-3.5M |
| Free Cash FlowOCF − Capex | $-64.0K | $-13.4M |
| FCF MarginFCF / Revenue | -0.1% | -15.1% |
| Capex IntensityCapex / Revenue | 2.7% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $-3.5M | ||
| Q3 25 | $6.3M | $18.2M | ||
| Q2 25 | $-2.3M | $-7.9M | ||
| Q1 25 | $-5.3M | $29.7M | ||
| Q4 24 | $7.5M | $-532.0K | ||
| Q3 24 | $11.4M | $17.7M | ||
| Q2 24 | $-5.3M | $533.0K | ||
| Q1 24 | $4.5M | $13.7M |
| Q4 25 | $-64.0K | $-13.4M | ||
| Q3 25 | $3.3M | $-9.3M | ||
| Q2 25 | $-3.8M | $-29.7M | ||
| Q1 25 | $-7.5M | $18.1M | ||
| Q4 24 | $3.7M | $-55.0M | ||
| Q3 24 | $8.4M | $-5.4M | ||
| Q2 24 | $-8.0M | $-22.5M | ||
| Q1 24 | $1.7M | $-13.0M |
| Q4 25 | -0.1% | -15.1% | ||
| Q3 25 | 3.2% | -11.9% | ||
| Q2 25 | -3.5% | -38.4% | ||
| Q1 25 | -7.5% | 21.8% | ||
| Q4 24 | 4.0% | -73.8% | ||
| Q3 24 | 9.1% | -6.5% | ||
| Q2 24 | -7.5% | -32.2% | ||
| Q1 24 | 1.5% | -20.4% |
| Q4 25 | 2.7% | 11.1% | ||
| Q3 25 | 2.9% | 35.3% | ||
| Q2 25 | 1.3% | 28.2% | ||
| Q1 25 | 2.2% | 13.9% | ||
| Q4 24 | 4.0% | 73.1% | ||
| Q3 24 | 3.2% | 27.9% | ||
| Q2 24 | 2.5% | 32.9% | ||
| Q1 24 | 2.6% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | -4.62× | 23.11× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | -2.64× | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
