vs
Side-by-side financial comparison of DENNY'S Corp (DENN) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $88.4M, roughly 1.3× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 0.6%, a 17.7% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 1.3%). DENNY'S Corp produced more free cash flow last quarter ($16.0M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -0.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
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.
DENN vs OPAL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $88.4M |
| Net Profit | $632.0K | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | 7.5% |
| Net Margin | 0.6% | 18.3% |
| Revenue YoY | 1.3% | 18.7% |
| Net Profit YoY | -90.3% | 401.5% |
| EPS (diluted) | $0.01 | $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 | — | $88.4M | ||
| Q3 25 | $113.2M | $77.9M | ||
| Q2 25 | $117.7M | $77.4M | ||
| Q1 25 | $111.6M | $83.0M | ||
| Q4 24 | $114.7M | $74.5M | ||
| Q3 24 | $111.8M | $82.6M | ||
| Q2 24 | $115.9M | $69.8M | ||
| Q1 24 | $110.0M | $64.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $632.0K | $11.4M | ||
| Q2 25 | $2.5M | $7.6M | ||
| Q1 25 | $326.0K | $1.3M | ||
| Q4 24 | $6.8M | $-5.4M | ||
| Q3 24 | $6.5M | $17.1M | ||
| Q2 24 | $3.6M | $1.9M | ||
| Q1 24 | $4.7M | $677.0K |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 9.2% | 4.6% | ||
| Q2 25 | 7.3% | -1.1% | ||
| Q1 25 | 4.7% | -2.3% | ||
| Q4 24 | 12.6% | -0.5% | ||
| Q3 24 | 10.5% | 14.9% | ||
| Q2 24 | 7.9% | 8.1% | ||
| Q1 24 | 9.1% | 5.6% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 0.6% | 14.6% | ||
| Q2 25 | 2.1% | 9.8% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 5.9% | -7.2% | ||
| Q3 24 | 5.8% | 20.7% | ||
| Q2 24 | 3.1% | 2.7% | ||
| Q1 24 | 4.3% | 1.1% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | $0.01 | $0.05 | ||
| Q2 25 | $0.05 | $0.03 | ||
| Q1 25 | $0.01 | $-0.01 | ||
| Q4 24 | $0.13 | $-0.05 | ||
| Q3 24 | $0.12 | $0.09 | ||
| Q2 24 | $0.07 | $-0.01 | ||
| Q1 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 | — | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $-32.7M | $-12.9M |
| Total Assets | $502.9M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.4M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $29.3M | ||
| Q1 25 | $1.1M | $40.1M | ||
| Q4 24 | $100.0K | $24.3M | ||
| Q3 24 | $2.9M | $31.0M | ||
| Q2 24 | $2.8M | $27.6M | ||
| Q1 24 | $2.8M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | $270.6M | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | — | $-12.9M | ||
| Q3 25 | $-32.7M | $7.5M | ||
| Q2 25 | $-34.6M | $-25.0M | ||
| Q1 25 | $-36.4M | $57.1M | ||
| Q4 24 | $-34.0M | $-148.4M | ||
| Q3 24 | $-54.5M | $-180.1M | ||
| Q2 24 | $-53.2M | $-273.0M | ||
| Q1 24 | $-55.7M | $-382.4M |
| Q4 25 | — | $959.5M | ||
| Q3 25 | $502.9M | $916.7M | ||
| Q2 25 | $491.1M | $905.5M | ||
| Q1 25 | $488.1M | $884.9M | ||
| Q4 24 | $496.3M | $881.1M | ||
| Q3 24 | $461.6M | $831.1M | ||
| Q2 24 | $459.9M | $782.3M | ||
| Q1 24 | $460.4M | $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 | $16.0M | $-3.5M |
| Free Cash FlowOCF − Capex | $16.0M | $-13.4M |
| FCF MarginFCF / Revenue | 14.1% | -15.1% |
| Capex IntensityCapex / Revenue | 0.0% | 11.1% |
| Cash ConversionOCF / Net Profit | 25.28× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.5M | ||
| Q3 25 | $16.0M | $18.2M | ||
| Q2 25 | $9.4M | $-7.9M | ||
| Q1 25 | $5.0M | $29.7M | ||
| Q4 24 | $8.5M | $-532.0K | ||
| Q3 24 | $6.6M | $17.7M | ||
| Q2 24 | $14.2M | $533.0K | ||
| Q1 24 | $215.0K | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | $16.0M | $-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 | 14.1% | -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 | 0.0% | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 25.28× | 1.60× | ||
| Q2 25 | 3.79× | -1.04× | ||
| Q1 25 | 15.38× | 23.11× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | 1.03× | ||
| Q2 24 | 3.97× | 0.28× | ||
| Q1 24 | 0.05× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
