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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $88.4M, roughly 1.5× OPAL Fuels Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 18.3%, a 64.2% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 18.7%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 17.6%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
CTRE vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $88.4M |
| Net Profit | $111.3M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 7.5% |
| Net Margin | 82.5% | 18.3% |
| Revenue YoY | 55.1% | 18.7% |
| Net Profit YoY | 113.5% | 401.5% |
| EPS (diluted) | $0.52 | $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 | $134.9M | $88.4M | ||
| Q3 25 | $132.4M | $77.9M | ||
| Q2 25 | $112.5M | $77.4M | ||
| Q1 25 | $96.6M | $83.0M | ||
| Q4 24 | $86.9M | $74.5M | ||
| Q3 24 | $77.4M | $82.6M | ||
| Q2 24 | $68.9M | $69.8M | ||
| Q1 24 | $63.1M | $64.0M |
| Q4 25 | $111.3M | $16.2M | ||
| Q3 25 | $74.9M | $11.4M | ||
| Q2 25 | $68.5M | $7.6M | ||
| Q1 25 | $65.8M | $1.3M | ||
| Q4 24 | $52.1M | $-5.4M | ||
| Q3 24 | $33.4M | $17.1M | ||
| Q2 24 | $10.8M | $1.9M | ||
| Q1 24 | $28.7M | $677.0K |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 58.1% | 4.6% | ||
| Q2 25 | 61.3% | -1.1% | ||
| Q1 25 | — | -2.3% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 43.0% | 14.9% | ||
| Q2 24 | 15.1% | 8.1% | ||
| Q1 24 | — | 5.6% |
| Q4 25 | 82.5% | 18.3% | ||
| Q3 25 | 56.6% | 14.6% | ||
| Q2 25 | 60.9% | 9.8% | ||
| Q1 25 | 68.1% | 1.5% | ||
| Q4 24 | 60.0% | -7.2% | ||
| Q3 24 | 43.2% | 20.7% | ||
| Q2 24 | 15.6% | 2.7% | ||
| Q1 24 | 45.6% | 1.1% |
| Q4 25 | $0.52 | $0.08 | ||
| Q3 25 | $0.35 | $0.05 | ||
| Q2 25 | $0.35 | $0.03 | ||
| Q1 25 | $0.35 | $-0.01 | ||
| Q4 24 | $0.30 | $-0.05 | ||
| Q3 24 | $0.21 | $0.09 | ||
| Q2 24 | $0.07 | $-0.01 | ||
| Q1 24 | $0.22 | $-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 | $198.0M | $24.4M |
| Total DebtLower is stronger | $894.2M | $361.3M |
| Stockholders' EquityBook value | $4.0B | $-12.9M |
| Total Assets | $5.1B | $959.5M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | $24.4M | ||
| Q3 25 | $712.5M | $29.9M | ||
| Q2 25 | $306.1M | $29.3M | ||
| Q1 25 | $26.5M | $40.1M | ||
| Q4 24 | $213.8M | $24.3M | ||
| Q3 24 | $377.1M | $31.0M | ||
| Q2 24 | $495.1M | $27.6M | ||
| Q1 24 | $451.2M | $34.2M |
| Q4 25 | $894.2M | $361.3M | ||
| Q3 25 | $893.8M | $351.2M | ||
| Q2 25 | $1.2B | $331.6M | ||
| Q1 25 | $822.1M | $307.0M | ||
| Q4 24 | $396.9M | $307.5M | ||
| Q3 24 | $396.7M | $252.9M | ||
| Q2 24 | $671.1M | $233.3M | ||
| Q1 24 | $595.9M | $208.7M |
| Q4 25 | $4.0B | $-12.9M | ||
| Q3 25 | $4.0B | $7.5M | ||
| Q2 25 | $3.3B | $-25.0M | ||
| Q1 25 | $2.9B | $57.1M | ||
| Q4 24 | $2.9B | $-148.4M | ||
| Q3 24 | $2.4B | $-180.1M | ||
| Q2 24 | $1.9B | $-273.0M | ||
| Q1 24 | $1.7B | $-382.4M |
| Q4 25 | $5.1B | $959.5M | ||
| Q3 25 | $5.1B | $916.7M | ||
| Q2 25 | $4.7B | $905.5M | ||
| Q1 25 | $3.9B | $884.9M | ||
| Q4 24 | $3.4B | $881.1M | ||
| Q3 24 | $2.9B | $831.1M | ||
| Q2 24 | $2.7B | $782.3M | ||
| Q1 24 | $2.3B | $750.5M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.22× | 46.95× | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.28× | 5.38× | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.36× | — |
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 | $394.0M | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | 3.54× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $-3.5M | ||
| Q3 25 | $100.9M | $18.2M | ||
| Q2 25 | $100.8M | $-7.9M | ||
| Q1 25 | $71.4M | $29.7M | ||
| Q4 24 | $244.3M | $-532.0K | ||
| Q3 24 | $67.2M | $17.7M | ||
| Q2 24 | $53.0M | $533.0K | ||
| Q1 24 | $48.8M | $13.7M |
| 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 24 | — | $-13.0M |
| 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 24 | — | -20.4% |
| 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 24 | — | 41.8% |
| Q4 25 | 3.54× | -0.22× | ||
| Q3 25 | 1.35× | 1.60× | ||
| Q2 25 | 1.47× | -1.04× | ||
| Q1 25 | 1.08× | 23.11× | ||
| Q4 24 | 4.68× | — | ||
| Q3 24 | 2.01× | 1.03× | ||
| Q2 24 | 4.92× | 0.28× | ||
| Q1 24 | 1.70× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
