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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.8× First Foundation Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -97.9%, a 116.2% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 18.7%). OPAL Fuels Inc. produced more free cash flow last quarter ($-13.4M vs $-35.2M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $88.4M |
| Net Profit | $-8.0M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | 7.5% |
| Net Margin | -97.9% | 18.3% |
| Revenue YoY | 421.7% | 18.7% |
| Net Profit YoY | 43.0% | 401.5% |
| EPS (diluted) | $-0.09 | $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 | $48.4M | $88.4M | ||
| Q3 25 | $63.6M | $77.9M | ||
| Q2 25 | $51.4M | $77.4M | ||
| Q1 25 | $71.4M | $83.0M | ||
| Q4 24 | $9.3M | $74.5M | ||
| Q3 24 | $9.2M | $82.6M | ||
| Q2 24 | $57.5M | $69.8M | ||
| Q1 24 | $51.1M | $64.0M |
| Q4 25 | $-8.0M | $16.2M | ||
| Q3 25 | $-146.3M | $11.4M | ||
| Q2 25 | $-7.7M | $7.6M | ||
| Q1 25 | $6.9M | $1.3M | ||
| Q4 24 | $-14.1M | $-5.4M | ||
| Q3 24 | $-82.2M | $17.1M | ||
| Q2 24 | $3.1M | $1.9M | ||
| Q1 24 | $793.0K | $677.0K |
| Q4 25 | -97.5% | 7.5% | ||
| Q3 25 | -92.7% | 4.6% | ||
| Q2 25 | -21.1% | -1.1% | ||
| Q1 25 | 8.8% | -2.3% | ||
| Q4 24 | -247.7% | -0.5% | ||
| Q3 24 | -1276.7% | 14.9% | ||
| Q2 24 | 4.6% | 8.1% | ||
| Q1 24 | -0.2% | 5.6% |
| Q4 25 | -97.9% | 18.3% | ||
| Q3 25 | -230.1% | 14.6% | ||
| Q2 25 | -15.0% | 9.8% | ||
| Q1 25 | 9.7% | 1.5% | ||
| Q4 24 | -152.2% | -7.2% | ||
| Q3 24 | -896.9% | 20.7% | ||
| Q2 24 | 5.4% | 2.7% | ||
| Q1 24 | 1.6% | 1.1% |
| Q4 25 | $-0.09 | $0.08 | ||
| Q3 25 | $-1.78 | $0.05 | ||
| Q2 25 | $-0.09 | $0.03 | ||
| Q1 25 | $0.08 | $-0.01 | ||
| Q4 24 | $-0.24 | $-0.05 | ||
| Q3 24 | $-1.23 | $0.09 | ||
| Q2 24 | $0.05 | $-0.01 | ||
| Q1 24 | $0.01 | $-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 | $1.6B | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $912.6M | $-12.9M |
| Total Assets | $11.9B | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $24.4M | ||
| Q3 25 | $1.7B | $29.9M | ||
| Q2 25 | $1.1B | $29.3M | ||
| Q1 25 | $1.0B | $40.1M | ||
| Q4 24 | $1.0B | $24.3M | ||
| Q3 24 | $1.1B | $31.0M | ||
| Q2 24 | $1.4B | $27.6M | ||
| Q1 24 | $1.6B | $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 | $912.6M | $-12.9M | ||
| Q3 25 | $917.9M | $7.5M | ||
| Q2 25 | $1.1B | $-25.0M | ||
| Q1 25 | $1.1B | $57.1M | ||
| Q4 24 | $1.1B | $-148.4M | ||
| Q3 24 | $1.1B | $-180.1M | ||
| Q2 24 | $933.2M | $-273.0M | ||
| Q1 24 | $928.7M | $-382.4M |
| Q4 25 | $11.9B | $959.5M | ||
| Q3 25 | $11.9B | $916.7M | ||
| Q2 25 | $11.6B | $905.5M | ||
| Q1 25 | $12.6B | $884.9M | ||
| Q4 24 | $12.6B | $881.1M | ||
| Q3 24 | $13.4B | $831.1M | ||
| Q2 24 | $13.7B | $782.3M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $-3.5M |
| Free Cash FlowOCF − Capex | $-35.2M | $-13.4M |
| FCF MarginFCF / Revenue | -72.8% | -15.1% |
| Capex IntensityCapex / Revenue | 6.9% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $-3.5M | ||
| Q3 25 | $9.2M | $18.2M | ||
| Q2 25 | $-16.3M | $-7.9M | ||
| Q1 25 | $-552.0K | $29.7M | ||
| Q4 24 | $-8.7M | $-532.0K | ||
| Q3 24 | $14.2M | $17.7M | ||
| Q2 24 | $-9.1M | $533.0K | ||
| Q1 24 | $7.2M | $13.7M |
| Q4 25 | $-35.2M | $-13.4M | ||
| Q3 25 | $8.6M | $-9.3M | ||
| Q2 25 | $-16.7M | $-29.7M | ||
| Q1 25 | $-2.5M | $18.1M | ||
| Q4 24 | $-11.4M | $-55.0M | ||
| Q3 24 | $13.4M | $-5.4M | ||
| Q2 24 | $-9.4M | $-22.5M | ||
| Q1 24 | $5.9M | $-13.0M |
| Q4 25 | -72.8% | -15.1% | ||
| Q3 25 | 13.5% | -11.9% | ||
| Q2 25 | -32.4% | -38.4% | ||
| Q1 25 | -3.5% | 21.8% | ||
| Q4 24 | -123.5% | -73.8% | ||
| Q3 24 | 146.2% | -6.5% | ||
| Q2 24 | -16.3% | -32.2% | ||
| Q1 24 | 11.6% | -20.4% |
| Q4 25 | 6.9% | 11.1% | ||
| Q3 25 | 1.0% | 35.3% | ||
| Q2 25 | 0.8% | 28.2% | ||
| Q1 25 | 2.8% | 13.9% | ||
| Q4 24 | 29.4% | 73.1% | ||
| Q3 24 | 9.0% | 27.9% | ||
| Q2 24 | 0.4% | 32.9% | ||
| Q1 24 | 2.5% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | -0.08× | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | -2.96× | 0.28× | ||
| Q1 24 | 9.09× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
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% |
