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Side-by-side financial comparison of Cricut, Inc. (CRCT) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
Cricut, Inc. is the larger business by last-quarter revenue ($159.5M vs $88.4M, roughly 1.8× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 12.7%, a 5.6% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -1.9%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -2.6%).
Cricut, Inc. is an American brand of cutting plotters, or computer-controlled cutting machines, designed for home crafters. The machines are used for cutting paper, felt, vinyl, fabric and other materials such as leather, matboard, and wood.
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.
CRCT vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.5M | $88.4M |
| Net Profit | $20.3M | $16.2M |
| Gross Margin | 58.1% | — |
| Operating Margin | 14.4% | 7.5% |
| Net Margin | 12.7% | 18.3% |
| Revenue YoY | -1.9% | 18.7% |
| Net Profit YoY | — | 401.5% |
| EPS (diluted) | $0.10 | $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 | $159.5M | — | ||
| Q4 25 | $203.6M | $88.4M | ||
| Q3 25 | $170.4M | $77.9M | ||
| Q2 25 | $172.1M | $77.4M | ||
| Q1 25 | $162.6M | $83.0M | ||
| Q4 24 | $209.3M | $74.5M | ||
| Q3 24 | $167.9M | $82.6M | ||
| Q2 24 | $167.9M | $69.8M |
| Q1 26 | $20.3M | — | ||
| Q4 25 | $7.8M | $16.2M | ||
| Q3 25 | $20.5M | $11.4M | ||
| Q2 25 | $24.5M | $7.6M | ||
| Q1 25 | $23.9M | $1.3M | ||
| Q4 24 | $11.9M | $-5.4M | ||
| Q3 24 | $11.5M | $17.1M | ||
| Q2 24 | $19.8M | $1.9M |
| Q1 26 | 58.1% | — | ||
| Q4 25 | 47.4% | — | ||
| Q3 25 | 55.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 60.5% | — | ||
| Q4 24 | 44.9% | — | ||
| Q3 24 | 46.1% | — | ||
| Q2 24 | 53.5% | — |
| Q1 26 | 14.4% | — | ||
| Q4 25 | 6.8% | 7.5% | ||
| Q3 25 | 13.3% | 4.6% | ||
| Q2 25 | 17.5% | -1.1% | ||
| Q1 25 | 18.0% | -2.3% | ||
| Q4 24 | 6.6% | -0.5% | ||
| Q3 24 | 6.3% | 14.9% | ||
| Q2 24 | 15.7% | 8.1% |
| Q1 26 | 12.7% | — | ||
| Q4 25 | 3.8% | 18.3% | ||
| Q3 25 | 12.0% | 14.6% | ||
| Q2 25 | 14.2% | 9.8% | ||
| Q1 25 | 14.7% | 1.5% | ||
| Q4 24 | 5.7% | -7.2% | ||
| Q3 24 | 6.8% | 20.7% | ||
| Q2 24 | 11.8% | 2.7% |
| Q1 26 | $0.10 | — | ||
| Q4 25 | $0.03 | $0.08 | ||
| Q3 25 | $0.10 | $0.05 | ||
| Q2 25 | $0.11 | $0.03 | ||
| Q1 25 | $0.11 | $-0.01 | ||
| Q4 24 | $0.06 | $-0.05 | ||
| Q3 24 | $0.05 | $0.09 | ||
| Q2 24 | $0.09 | $-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 | $236.5M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $357.5M | $-12.9M |
| Total Assets | $543.8M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $236.5M | — | ||
| Q4 25 | $275.6M | $24.4M | ||
| Q3 25 | $207.1M | $29.9M | ||
| Q2 25 | $376.9M | $29.3M | ||
| Q1 25 | $356.7M | $40.1M | ||
| Q4 24 | $336.9M | $24.3M | ||
| Q3 24 | $246.9M | $31.0M | ||
| Q2 24 | $299.5M | $27.6M |
| Q1 26 | — | — | ||
| 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 26 | $357.5M | — | ||
| Q4 25 | $343.6M | $-12.9M | ||
| Q3 25 | $358.4M | $7.5M | ||
| Q2 25 | $308.9M | $-25.0M | ||
| Q1 25 | $490.2M | $57.1M | ||
| Q4 24 | $466.8M | $-148.4M | ||
| Q3 24 | $475.8M | $-180.1M | ||
| Q2 24 | $448.5M | $-273.0M |
| Q1 26 | $543.8M | — | ||
| Q4 25 | $580.8M | $959.5M | ||
| Q3 25 | $564.3M | $916.7M | ||
| Q2 25 | $721.5M | $905.5M | ||
| Q1 25 | $681.7M | $884.9M | ||
| Q4 24 | $693.0M | $881.1M | ||
| Q3 24 | $663.8M | $831.1M | ||
| Q2 24 | $742.1M | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| 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 | — | 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 | $82.4M | $-3.5M | ||
| Q3 25 | $20.5M | $18.2M | ||
| Q2 25 | $36.2M | $-7.9M | ||
| Q1 25 | $61.2M | $29.7M | ||
| Q4 24 | $103.1M | $-532.0K | ||
| Q3 24 | $70.2M | $17.7M | ||
| Q2 24 | $35.0M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | 10.58× | -0.22× | ||
| Q3 25 | 1.00× | 1.60× | ||
| Q2 25 | 1.48× | -1.04× | ||
| Q1 25 | 2.56× | 23.11× | ||
| Q4 24 | 8.64× | — | ||
| Q3 24 | 6.11× | 1.03× | ||
| Q2 24 | 1.77× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCT
| Platform | $84.8M | 53% |
| Products | $74.7M | 47% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
