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Side-by-side financial comparison of ATN International, Inc. (ATNI) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.

ATN International, Inc. is the larger business by last-quarter revenue ($169.1M vs $88.4M, roughly 1.9× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -4.0%, a 22.3% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 1.2%). ATN International, Inc. produced more free cash flow last quarter ($7.1M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -1.1%).

ATN International, Inc. (ATN) formerly known as Atlantic Tele-Network, Inc., is a publicly traded telecommunications company that is headquartered in Beverly, Massachusetts. It operates digital wireless, wireline, and both terrestrial and submarine fiber optic networks, serving markets that are geographically separated and technically challenging, such as the plains, deserts, and mountainous areas of the United States.

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.

ATNI vs OPAL — Head-to-Head

Bigger by revenue
ATNI
ATNI
1.9× larger
ATNI
$169.1M
$88.4M
OPAL
Growing faster (revenue YoY)
OPAL
OPAL
+17.6% gap
OPAL
18.7%
1.2%
ATNI
Higher net margin
OPAL
OPAL
22.3% more per $
OPAL
18.3%
-4.0%
ATNI
More free cash flow
ATNI
ATNI
$20.5M more FCF
ATNI
$7.1M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
OPAL
OPAL
Annualised
OPAL
17.6%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATNI
ATNI
OPAL
OPAL
Revenue
$169.1M
$88.4M
Net Profit
$-6.8M
$16.2M
Gross Margin
Operating Margin
9.3%
7.5%
Net Margin
-4.0%
18.3%
Revenue YoY
1.2%
18.7%
Net Profit YoY
-261.7%
401.5%
EPS (diluted)
$-0.31
$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
ATNI
ATNI
OPAL
OPAL
Q4 25
$169.1M
$88.4M
Q3 25
$166.9M
$77.9M
Q2 25
$166.5M
$77.4M
Q1 25
$164.6M
$83.0M
Q4 24
$167.1M
$74.5M
Q3 24
$164.6M
$82.6M
Q2 24
$169.4M
$69.8M
Q1 24
$172.9M
$64.0M
Net Profit
ATNI
ATNI
OPAL
OPAL
Q4 25
$-6.8M
$16.2M
Q3 25
$3.9M
$11.4M
Q2 25
$-9.3M
$7.6M
Q1 25
$-11.4M
$1.3M
Q4 24
$4.2M
$-5.4M
Q3 24
$-39.5M
$17.1M
Q2 24
$11.3M
$1.9M
Q1 24
$-7.9M
$677.0K
Operating Margin
ATNI
ATNI
OPAL
OPAL
Q4 25
9.3%
7.5%
Q3 25
5.9%
4.6%
Q2 25
0.1%
-1.1%
Q1 25
1.6%
-2.3%
Q4 24
5.2%
-0.5%
Q3 24
-23.3%
14.9%
Q2 24
14.4%
8.1%
Q1 24
2.6%
5.6%
Net Margin
ATNI
ATNI
OPAL
OPAL
Q4 25
-4.0%
18.3%
Q3 25
2.4%
14.6%
Q2 25
-5.6%
9.8%
Q1 25
-6.9%
1.5%
Q4 24
2.5%
-7.2%
Q3 24
-24.0%
20.7%
Q2 24
6.7%
2.7%
Q1 24
-4.6%
1.1%
EPS (diluted)
ATNI
ATNI
OPAL
OPAL
Q4 25
$-0.31
$0.08
Q3 25
$0.18
$0.05
Q2 25
$-0.56
$0.03
Q1 25
$-0.69
$-0.01
Q4 24
$0.16
$-0.05
Q3 24
$-2.26
$0.09
Q2 24
$0.50
$-0.01
Q1 24
$-0.50
$-0.01

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
OPAL
OPAL
Cash + ST InvestmentsLiquidity on hand
$102.9M
$24.4M
Total DebtLower is stronger
$565.2M
$361.3M
Stockholders' EquityBook value
$444.3M
$-12.9M
Total Assets
$1.7B
$959.5M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
OPAL
OPAL
Q4 25
$102.9M
$24.4M
Q3 25
$106.6M
$29.9M
Q2 25
$99.4M
$29.3M
Q1 25
$83.8M
$40.1M
Q4 24
$73.7M
$24.3M
Q3 24
$101.0M
$31.0M
Q2 24
$59.2M
$27.6M
Q1 24
$56.8M
$34.2M
Total Debt
ATNI
ATNI
OPAL
OPAL
Q4 25
$565.2M
$361.3M
Q3 25
$579.6M
$351.2M
Q2 25
$583.4M
$331.6M
Q1 25
$562.4M
$307.0M
Q4 24
$557.4M
$307.5M
Q3 24
$568.9M
$252.9M
Q2 24
$540.8M
$233.3M
Q1 24
$541.3M
$208.7M
Stockholders' Equity
ATNI
ATNI
OPAL
OPAL
Q4 25
$444.3M
$-12.9M
Q3 25
$452.3M
$7.5M
Q2 25
$458.7M
$-25.0M
Q1 25
$473.3M
$57.1M
Q4 24
$489.5M
$-148.4M
Q3 24
$490.8M
$-180.1M
Q2 24
$526.8M
$-273.0M
Q1 24
$530.0M
$-382.4M
Total Assets
ATNI
ATNI
OPAL
OPAL
Q4 25
$1.7B
$959.5M
Q3 25
$1.7B
$916.7M
Q2 25
$1.7B
$905.5M
Q1 25
$1.7B
$884.9M
Q4 24
$1.7B
$881.1M
Q3 24
$1.8B
$831.1M
Q2 24
$1.8B
$782.3M
Q1 24
$1.8B
$750.5M
Debt / Equity
ATNI
ATNI
OPAL
OPAL
Q4 25
1.27×
Q3 25
1.28×
46.95×
Q2 25
1.27×
Q1 25
1.19×
5.38×
Q4 24
1.14×
Q3 24
1.16×
Q2 24
1.03×
Q1 24
1.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATNI
ATNI
OPAL
OPAL
Operating Cash FlowLast quarter
$36.2M
$-3.5M
Free Cash FlowOCF − Capex
$7.1M
$-13.4M
FCF MarginFCF / Revenue
4.2%
-15.1%
Capex IntensityCapex / Revenue
17.2%
11.1%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$-34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
OPAL
OPAL
Q4 25
$36.2M
$-3.5M
Q3 25
$37.8M
$18.2M
Q2 25
$23.9M
$-7.9M
Q1 25
$35.9M
$29.7M
Q4 24
$30.5M
$-532.0K
Q3 24
$39.0M
$17.7M
Q2 24
$35.2M
$533.0K
Q1 24
$23.2M
$13.7M
Free Cash Flow
ATNI
ATNI
OPAL
OPAL
Q4 25
$7.1M
$-13.4M
Q3 25
$18.9M
$-9.3M
Q2 25
$2.8M
$-29.7M
Q1 25
$15.1M
$18.1M
Q4 24
$5.8M
$-55.0M
Q3 24
$15.2M
$-5.4M
Q2 24
$9.4M
$-22.5M
Q1 24
$-12.8M
$-13.0M
FCF Margin
ATNI
ATNI
OPAL
OPAL
Q4 25
4.2%
-15.1%
Q3 25
11.3%
-11.9%
Q2 25
1.7%
-38.4%
Q1 25
9.2%
21.8%
Q4 24
3.5%
-73.8%
Q3 24
9.2%
-6.5%
Q2 24
5.6%
-32.2%
Q1 24
-7.4%
-20.4%
Capex Intensity
ATNI
ATNI
OPAL
OPAL
Q4 25
17.2%
11.1%
Q3 25
11.3%
35.3%
Q2 25
12.7%
28.2%
Q1 25
12.7%
13.9%
Q4 24
14.8%
73.1%
Q3 24
14.5%
27.9%
Q2 24
15.2%
32.9%
Q1 24
20.8%
41.8%
Cash Conversion
ATNI
ATNI
OPAL
OPAL
Q4 25
-0.22×
Q3 25
9.62×
1.60×
Q2 25
-1.04×
Q1 25
23.11×
Q4 24
7.24×
Q3 24
1.03×
Q2 24
3.11×
0.28×
Q1 24
20.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATNI
ATNI

Us Telecommunications$86.9M51%
Fixed Consumer$42.8M25%
Fixed Business$18.5M11%
Transferred At Point In Time$7.2M4%
Mobility Business$5.3M3%
Other Revenue$4.2M2%
Other Communication Services$3.2M2%
Managed Services$1.2M1%
Construction Services$448.0K0%

OPAL
OPAL

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

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