vs
Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.4× Fluent, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -6.7%, a 25.0% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -5.5%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $88.4M |
| Net Profit | $-4.1M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 0.3% | 7.5% |
| Net Margin | -6.7% | 18.3% |
| Revenue YoY | -5.5% | 18.7% |
| Net Profit YoY | -20.1% | 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 | $61.8M | $88.4M | ||
| Q3 25 | $47.0M | $77.9M | ||
| Q2 25 | $44.7M | $77.4M | ||
| Q1 25 | $55.2M | $83.0M | ||
| Q4 24 | $65.4M | $74.5M | ||
| Q3 24 | $64.5M | $82.6M | ||
| Q2 24 | $58.7M | $69.8M | ||
| Q1 24 | $66.0M | $64.0M |
| Q4 25 | $-4.1M | $16.2M | ||
| Q3 25 | $-7.6M | $11.4M | ||
| Q2 25 | $-7.2M | $7.6M | ||
| Q1 25 | $-8.3M | $1.3M | ||
| Q4 24 | $-3.4M | $-5.4M | ||
| Q3 24 | $-7.9M | $17.1M | ||
| Q2 24 | $-11.6M | $1.9M | ||
| Q1 24 | $-6.3M | $677.0K |
| Q4 25 | 0.3% | 7.5% | ||
| Q3 25 | -13.4% | 4.6% | ||
| Q2 25 | -15.9% | -1.1% | ||
| Q1 25 | -12.8% | -2.3% | ||
| Q4 24 | -8.3% | -0.5% | ||
| Q3 24 | -6.0% | 14.9% | ||
| Q2 24 | -17.7% | 8.1% | ||
| Q1 24 | -6.0% | 5.6% |
| Q4 25 | -6.7% | 18.3% | ||
| Q3 25 | -16.1% | 14.6% | ||
| Q2 25 | -16.2% | 9.8% | ||
| Q1 25 | -15.0% | 1.5% | ||
| Q4 24 | -5.2% | -7.2% | ||
| Q3 24 | -12.3% | 20.7% | ||
| Q2 24 | -19.8% | 2.7% | ||
| Q1 24 | -9.5% | 1.1% |
| Q4 25 | $-0.09 | $0.08 | ||
| Q3 25 | $-0.27 | $0.05 | ||
| Q2 25 | $-0.30 | $0.03 | ||
| Q1 25 | $-0.39 | $-0.01 | ||
| Q4 24 | $-0.12 | $-0.05 | ||
| Q3 24 | $-0.48 | $0.09 | ||
| Q2 24 | $-0.75 | $-0.01 | ||
| Q1 24 | $-0.45 | $-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 | $12.9M | $24.4M |
| Total DebtLower is stronger | $34.6M | $361.3M |
| Stockholders' EquityBook value | $18.2M | $-12.9M |
| Total Assets | $89.1M | $959.5M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $24.4M | ||
| Q3 25 | $9.2M | $29.9M | ||
| Q2 25 | $4.9M | $29.3M | ||
| Q1 25 | $4.8M | $40.1M | ||
| Q4 24 | $9.4M | $24.3M | ||
| Q3 24 | $6.6M | $31.0M | ||
| Q2 24 | $5.0M | $27.6M | ||
| Q1 24 | $11.7M | $34.2M |
| Q4 25 | $34.6M | $361.3M | ||
| Q3 25 | $26.0M | $351.2M | ||
| Q2 25 | $23.2M | $331.6M | ||
| Q1 25 | $25.6M | $307.0M | ||
| Q4 24 | $35.6M | $307.5M | ||
| Q3 24 | $37.9M | $252.9M | ||
| Q2 24 | $33.3M | $233.3M | ||
| Q1 24 | $31.0M | $208.7M |
| Q4 25 | $18.2M | $-12.9M | ||
| Q3 25 | $21.6M | $7.5M | ||
| Q2 25 | $19.1M | $-25.0M | ||
| Q1 25 | $22.0M | $57.1M | ||
| Q4 24 | $25.0M | $-148.4M | ||
| Q3 24 | $20.0M | $-180.1M | ||
| Q2 24 | $27.5M | $-273.0M | ||
| Q1 24 | $28.7M | $-382.4M |
| Q4 25 | $89.1M | $959.5M | ||
| Q3 25 | $76.1M | $916.7M | ||
| Q2 25 | $74.5M | $905.5M | ||
| Q1 25 | $77.5M | $884.9M | ||
| Q4 24 | $93.6M | $881.1M | ||
| Q3 24 | $77.5M | $831.1M | ||
| Q2 24 | $98.5M | $782.3M | ||
| Q1 24 | $103.6M | $750.5M |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.21× | 46.95× | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 1.16× | 5.38× | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.08× | — |
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 | $2.8M | $-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.
| Q4 25 | $2.8M | $-3.5M | ||
| Q3 25 | $-7.3M | $18.2M | ||
| Q2 25 | $935.0K | $-7.9M | ||
| Q1 25 | $2.1M | $29.7M | ||
| Q4 24 | $-2.1M | $-532.0K | ||
| Q3 24 | $1.2M | $17.7M | ||
| Q2 24 | $-13.1M | $533.0K | ||
| Q1 24 | $-132.0K | $13.7M |
| Q4 25 | — | $-13.4M | ||
| Q3 25 | $-7.3M | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | $1.2M | $-5.4M | ||
| Q2 24 | — | $-22.5M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | -15.6% | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | 1.9% | -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 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
