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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 2.1× Finwise Bancorp). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 6.4%, a 11.9% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 17.6%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $88.4M |
| Net Profit | $2.7M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 7.5% |
| Net Margin | 6.4% | 18.3% |
| Revenue YoY | — | 18.7% |
| Net Profit YoY | — | 401.5% |
| EPS (diluted) | $0.20 | $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 | $42.7M | — | ||
| Q4 25 | $46.9M | $88.4M | ||
| Q3 25 | $36.7M | $77.9M | ||
| Q2 25 | $25.1M | $77.4M | ||
| Q1 25 | $22.1M | $83.0M | ||
| Q4 24 | $21.1M | $74.5M | ||
| Q3 24 | $20.8M | $82.6M | ||
| Q2 24 | $19.8M | $69.8M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $16.2M | ||
| Q3 25 | $4.9M | $11.4M | ||
| Q2 25 | $4.1M | $7.6M | ||
| Q1 25 | $3.2M | $1.3M | ||
| Q4 24 | $2.8M | $-5.4M | ||
| Q3 24 | $3.5M | $17.1M | ||
| Q2 24 | $3.2M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 7.5% | ||
| Q3 25 | 17.5% | 4.6% | ||
| Q2 25 | 21.7% | -1.1% | ||
| Q1 25 | 20.1% | -2.3% | ||
| Q4 24 | 17.5% | -0.5% | ||
| Q3 24 | 22.2% | 14.9% | ||
| Q2 24 | 21.1% | 8.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 18.3% | ||
| Q3 25 | 13.3% | 14.6% | ||
| Q2 25 | 16.3% | 9.8% | ||
| Q1 25 | 14.4% | 1.5% | ||
| Q4 24 | 13.2% | -7.2% | ||
| Q3 24 | 16.6% | 20.7% | ||
| Q2 24 | 16.1% | 2.7% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $0.08 | ||
| Q3 25 | $0.34 | $0.05 | ||
| Q2 25 | $0.29 | $0.03 | ||
| Q1 25 | $0.23 | $-0.01 | ||
| Q4 24 | $0.19 | $-0.05 | ||
| Q3 24 | $0.25 | $0.09 | ||
| Q2 24 | $0.24 | $-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 | — | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $196.6M | $-12.9M |
| Total Assets | $899.4M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $24.4M | ||
| Q3 25 | $105.6M | $29.9M | ||
| Q2 25 | $90.1M | $29.3M | ||
| Q1 25 | $120.3M | $40.1M | ||
| Q4 24 | $109.2M | $24.3M | ||
| Q3 24 | $85.8M | $31.0M | ||
| Q2 24 | $89.0M | $27.6M |
| Q1 26 | — | — | ||
| 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 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $-12.9M | ||
| Q3 25 | $187.8M | $7.5M | ||
| Q2 25 | $182.0M | $-25.0M | ||
| Q1 25 | $177.4M | $57.1M | ||
| Q4 24 | $173.7M | $-148.4M | ||
| Q3 24 | $170.4M | $-180.1M | ||
| Q2 24 | $165.8M | $-273.0M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $959.5M | ||
| Q3 25 | $899.9M | $916.7M | ||
| Q2 25 | $842.5M | $905.5M | ||
| Q1 25 | $804.1M | $884.9M | ||
| Q4 24 | $746.0M | $881.1M | ||
| Q3 24 | $683.0M | $831.1M | ||
| Q2 24 | $617.8M | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-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 | $-28.4M | $-3.5M | ||
| Q3 25 | $3.5M | $18.2M | ||
| Q2 25 | $-18.3M | $-7.9M | ||
| Q1 25 | $-21.6M | $29.7M | ||
| Q4 24 | $-15.0M | $-532.0K | ||
| Q3 24 | $-9.8M | $17.7M | ||
| Q2 24 | $-7.6M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-13.4M | ||
| Q3 25 | $3.4M | $-9.3M | ||
| Q2 25 | $-19.8M | $-29.7M | ||
| Q1 25 | $-23.3M | $18.1M | ||
| Q4 24 | $-16.1M | $-55.0M | ||
| Q3 24 | $-13.4M | $-5.4M | ||
| Q2 24 | $-7.7M | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -15.1% | ||
| Q3 25 | 9.4% | -11.9% | ||
| Q2 25 | -79.0% | -38.4% | ||
| Q1 25 | -105.3% | 21.8% | ||
| Q4 24 | -76.0% | -73.8% | ||
| Q3 24 | -64.3% | -6.5% | ||
| Q2 24 | -38.7% | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 11.1% | ||
| Q3 25 | 0.1% | 35.3% | ||
| Q2 25 | 5.8% | 28.2% | ||
| Q1 25 | 7.4% | 13.9% | ||
| Q4 24 | 5.1% | 73.1% | ||
| Q3 24 | 17.2% | 27.9% | ||
| Q2 24 | 0.3% | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | -0.22× | ||
| Q3 25 | 0.71× | 1.60× | ||
| Q2 25 | -4.48× | -1.04× | ||
| Q1 25 | -6.78× | 23.11× | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | 1.03× | ||
| Q2 24 | -2.39× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
