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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $88.4M, roughly 1.5× OPAL Fuels Inc.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 18.3%, a 9.8% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 13.0%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $88.4M |
| Net Profit | $37.5M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 7.5% |
| Net Margin | 28.1% | 18.3% |
| Revenue YoY | 13.0% | 18.7% |
| Net Profit YoY | 14.8% | 401.5% |
| EPS (diluted) | $0.37 | $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 | $133.7M | — | ||
| Q4 25 | $137.9M | $88.4M | ||
| Q3 25 | $136.0M | $77.9M | ||
| Q2 25 | $131.0M | $77.4M | ||
| Q1 25 | $118.0M | $83.0M | ||
| Q4 24 | $120.4M | $74.5M | ||
| Q3 24 | $121.2M | $82.6M | ||
| Q2 24 | $120.2M | $69.8M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $16.2M | ||
| Q3 25 | $41.3M | $11.4M | ||
| Q2 25 | $33.4M | $7.6M | ||
| Q1 25 | $32.7M | $1.3M | ||
| Q4 24 | $35.8M | $-5.4M | ||
| Q3 24 | $32.1M | $17.1M | ||
| Q2 24 | $37.1M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | 7.5% | ||
| Q3 25 | 38.1% | 4.6% | ||
| Q2 25 | 32.1% | -1.1% | ||
| Q1 25 | 34.8% | -2.3% | ||
| Q4 24 | 37.1% | -0.5% | ||
| Q3 24 | 33.4% | 14.9% | ||
| Q2 24 | 38.7% | 8.1% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | 18.3% | ||
| Q3 25 | 30.4% | 14.6% | ||
| Q2 25 | 25.5% | 9.8% | ||
| Q1 25 | 27.7% | 1.5% | ||
| Q4 24 | 29.8% | -7.2% | ||
| Q3 24 | 26.5% | 20.7% | ||
| Q2 24 | 30.9% | 2.7% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $0.08 | ||
| Q3 25 | $0.39 | $0.05 | ||
| Q2 25 | $0.32 | $0.03 | ||
| Q1 25 | $0.32 | $-0.01 | ||
| Q4 24 | $0.35 | $-0.05 | ||
| Q3 24 | $0.31 | $0.09 | ||
| Q2 24 | $0.36 | $-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 | $154.9M | $361.3M |
| Stockholders' EquityBook value | $1.6B | $-12.9M |
| Total Assets | $12.3B | $959.5M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $24.4M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $29.3M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | — | $27.6M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $361.3M | ||
| Q3 25 | $262.1M | $351.2M | ||
| Q2 25 | $262.4M | $331.6M | ||
| Q1 25 | $262.7M | $307.0M | ||
| Q4 24 | $263.0M | $307.5M | ||
| Q3 24 | $136.3M | $252.9M | ||
| Q2 24 | $136.6M | $233.3M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $-12.9M | ||
| Q3 25 | $1.5B | $7.5M | ||
| Q2 25 | $1.5B | $-25.0M | ||
| Q1 25 | $1.4B | $57.1M | ||
| Q4 24 | $1.4B | $-148.4M | ||
| Q3 24 | $1.4B | $-180.1M | ||
| Q2 24 | $1.4B | $-273.0M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $959.5M | ||
| Q3 25 | $12.3B | $916.7M | ||
| Q2 25 | $12.2B | $905.5M | ||
| Q1 25 | $11.8B | $884.9M | ||
| Q4 24 | $11.6B | $881.1M | ||
| Q3 24 | $12.0B | $831.1M | ||
| Q2 24 | $11.6B | $782.3M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | 46.95× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | 5.38× | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | $187.5M | $-3.5M | ||
| Q3 25 | $49.5M | $18.2M | ||
| Q2 25 | $30.4M | $-7.9M | ||
| Q1 25 | $55.9M | $29.7M | ||
| Q4 24 | $129.5M | $-532.0K | ||
| Q3 24 | $53.6M | $17.7M | ||
| Q2 24 | $22.7M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | $113.9M | $-55.0M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | 94.6% | -73.8% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | 12.9% | 73.1% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | -0.22× | ||
| Q3 25 | 1.20× | 1.60× | ||
| Q2 25 | 0.91× | -1.04× | ||
| Q1 25 | 1.71× | 23.11× | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 1.67× | 1.03× | ||
| Q2 24 | 0.61× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
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% |
