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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) 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 $62.1M, roughly 1.4× Cytek Biosciences, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -70.9%, a 89.2% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 8.1%). Cytek Biosciences, Inc. produced more free cash flow last quarter ($-1.8M vs $-13.4M). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% CAGR vs 17.6%).
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
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.
CTKB vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $88.4M |
| Net Profit | $-44.1M | $16.2M |
| Gross Margin | 52.9% | — |
| Operating Margin | -9.0% | 7.5% |
| Net Margin | -70.9% | 18.3% |
| Revenue YoY | 8.1% | 18.7% |
| Net Profit YoY | -557.1% | 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 | $62.1M | $88.4M | ||
| Q3 25 | $52.3M | $77.9M | ||
| Q2 25 | $45.6M | $77.4M | ||
| Q1 25 | $41.5M | $83.0M | ||
| Q4 24 | $57.5M | $74.5M | ||
| Q3 24 | $51.5M | $82.6M | ||
| Q2 24 | $46.6M | $69.8M | ||
| Q1 24 | $44.9M | $64.0M |
| Q4 25 | $-44.1M | $16.2M | ||
| Q3 25 | $-5.5M | $11.4M | ||
| Q2 25 | $-5.6M | $7.6M | ||
| Q1 25 | $-11.4M | $1.3M | ||
| Q4 24 | $9.6M | $-5.4M | ||
| Q3 24 | $941.0K | $17.1M | ||
| Q2 24 | $-10.4M | $1.9M | ||
| Q1 24 | $-6.2M | $677.0K |
| Q4 25 | 52.9% | — | ||
| Q3 25 | 52.7% | — | ||
| Q2 25 | 52.3% | — | ||
| Q1 25 | 48.6% | — | ||
| Q4 24 | 58.5% | — | ||
| Q3 24 | 56.3% | — | ||
| Q2 24 | 54.6% | — | ||
| Q1 24 | 51.3% | — |
| Q4 25 | -9.0% | 7.5% | ||
| Q3 25 | -17.6% | 4.6% | ||
| Q2 25 | -23.3% | -1.1% | ||
| Q1 25 | -36.1% | -2.3% | ||
| Q4 24 | 5.2% | -0.5% | ||
| Q3 24 | -8.2% | 14.9% | ||
| Q2 24 | -18.3% | 8.1% | ||
| Q1 24 | -23.9% | 5.6% |
| Q4 25 | -70.9% | 18.3% | ||
| Q3 25 | -10.5% | 14.6% | ||
| Q2 25 | -12.2% | 9.8% | ||
| Q1 25 | -27.5% | 1.5% | ||
| Q4 24 | 16.8% | -7.2% | ||
| Q3 24 | 1.8% | 20.7% | ||
| Q2 24 | -22.4% | 2.7% | ||
| Q1 24 | -13.8% | 1.1% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-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 | $90.9M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $341.7M | $-12.9M |
| Total Assets | $461.5M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.9M | $24.4M | ||
| Q3 25 | $93.3M | $29.9M | ||
| Q2 25 | $75.5M | $29.3M | ||
| Q1 25 | $95.3M | $40.1M | ||
| Q4 24 | $98.7M | $24.3M | ||
| Q3 24 | $162.3M | $31.0M | ||
| Q2 24 | $177.9M | $27.6M | ||
| Q1 24 | $168.8M | $34.2M |
| 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 |
| Q4 25 | $341.7M | $-12.9M | ||
| Q3 25 | $378.6M | $7.5M | ||
| Q2 25 | $377.6M | $-25.0M | ||
| Q1 25 | $379.6M | $57.1M | ||
| Q4 24 | $395.7M | $-148.4M | ||
| Q3 24 | $385.5M | $-180.1M | ||
| Q2 24 | $389.1M | $-273.0M | ||
| Q1 24 | $392.6M | $-382.4M |
| Q4 25 | $461.5M | $959.5M | ||
| Q3 25 | $494.9M | $916.7M | ||
| Q2 25 | $493.3M | $905.5M | ||
| Q1 25 | $482.6M | $884.9M | ||
| Q4 24 | $499.5M | $881.1M | ||
| Q3 24 | $491.2M | $831.1M | ||
| Q2 24 | $483.7M | $782.3M | ||
| Q1 24 | $492.1M | $750.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-771.0K | $-3.5M |
| Free Cash FlowOCF − Capex | $-1.8M | $-13.4M |
| FCF MarginFCF / Revenue | -2.9% | -15.1% |
| Capex IntensityCapex / Revenue | 1.6% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.8M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-771.0K | $-3.5M | ||
| Q3 25 | $-3.9M | $18.2M | ||
| Q2 25 | $108.0K | $-7.9M | ||
| Q1 25 | $-125.0K | $29.7M | ||
| Q4 24 | $2.0M | $-532.0K | ||
| Q3 24 | $13.2M | $17.7M | ||
| Q2 24 | $6.2M | $533.0K | ||
| Q1 24 | $4.0M | $13.7M |
| Q4 25 | $-1.8M | $-13.4M | ||
| Q3 25 | $-4.6M | $-9.3M | ||
| Q2 25 | $-1.5M | $-29.7M | ||
| Q1 25 | $-974.0K | $18.1M | ||
| Q4 24 | $1.1M | $-55.0M | ||
| Q3 24 | $12.2M | $-5.4M | ||
| Q2 24 | $5.2M | $-22.5M | ||
| Q1 24 | $3.4M | $-13.0M |
| Q4 25 | -2.9% | -15.1% | ||
| Q3 25 | -8.7% | -11.9% | ||
| Q2 25 | -3.2% | -38.4% | ||
| Q1 25 | -2.3% | 21.8% | ||
| Q4 24 | 1.9% | -73.8% | ||
| Q3 24 | 23.7% | -6.5% | ||
| Q2 24 | 11.0% | -32.2% | ||
| Q1 24 | 7.6% | -20.4% |
| Q4 25 | 1.6% | 11.1% | ||
| Q3 25 | 1.3% | 35.3% | ||
| Q2 25 | 3.5% | 28.2% | ||
| Q1 25 | 2.0% | 13.9% | ||
| Q4 24 | 1.6% | 73.1% | ||
| Q3 24 | 2.0% | 27.9% | ||
| Q2 24 | 2.3% | 32.9% | ||
| Q1 24 | 1.3% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 14.05× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
