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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.1× HEALTHSTREAM INC). On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 4.7%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $88.4M |
| Net Profit | — | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | 7.5% |
| Net Margin | — | 18.3% |
| Revenue YoY | 7.4% | 18.7% |
| Net Profit YoY | — | 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 | $79.7M | $88.4M | ||
| Q3 25 | $76.5M | $77.9M | ||
| Q2 25 | $74.4M | $77.4M | ||
| Q1 25 | $73.5M | $83.0M | ||
| Q4 24 | $74.2M | $74.5M | ||
| Q3 24 | $73.1M | $82.6M | ||
| Q2 24 | $71.6M | $69.8M | ||
| Q1 24 | $72.8M | $64.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $6.1M | $11.4M | ||
| Q2 25 | $5.4M | $7.6M | ||
| Q1 25 | $4.3M | $1.3M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $5.7M | $17.1M | ||
| Q2 24 | $4.2M | $1.9M | ||
| Q1 24 | $5.2M | $677.0K |
| Q4 25 | 3.0% | 7.5% | ||
| Q3 25 | 9.9% | 4.6% | ||
| Q2 25 | 7.9% | -1.1% | ||
| Q1 25 | 6.0% | -2.3% | ||
| Q4 24 | 6.3% | -0.5% | ||
| Q3 24 | 8.9% | 14.9% | ||
| Q2 24 | 6.2% | 8.1% | ||
| Q1 24 | 7.8% | 5.6% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 8.0% | 14.6% | ||
| Q2 25 | 7.2% | 9.8% | ||
| Q1 25 | 5.9% | 1.5% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | 7.8% | 20.7% | ||
| Q2 24 | 5.8% | 2.7% | ||
| Q1 24 | 7.2% | 1.1% |
| Q4 25 | $0.09 | $0.08 | ||
| Q3 25 | $0.20 | $0.05 | ||
| Q2 25 | $0.18 | $0.03 | ||
| Q1 25 | $0.14 | $-0.01 | ||
| Q4 24 | $0.16 | $-0.05 | ||
| Q3 24 | $0.19 | $0.09 | ||
| Q2 24 | $0.14 | $-0.01 | ||
| Q1 24 | $0.17 | $-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 | $36.2M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $354.0M | $-12.9M |
| Total Assets | $520.4M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $24.4M | ||
| Q3 25 | $53.5M | $29.9M | ||
| Q2 25 | $52.1M | $29.3M | ||
| Q1 25 | $77.3M | $40.1M | ||
| Q4 24 | $59.5M | $24.3M | ||
| Q3 24 | $57.5M | $31.0M | ||
| Q2 24 | $46.1M | $27.6M | ||
| Q1 24 | $52.4M | $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 | $354.0M | $-12.9M | ||
| Q3 25 | $349.2M | $7.5M | ||
| Q2 25 | $350.6M | $-25.0M | ||
| Q1 25 | $362.8M | $57.1M | ||
| Q4 24 | $359.4M | $-148.4M | ||
| Q3 24 | $355.5M | $-180.1M | ||
| Q2 24 | $349.2M | $-273.0M | ||
| Q1 24 | $344.9M | $-382.4M |
| Q4 25 | $520.4M | $959.5M | ||
| Q3 25 | $499.9M | $916.7M | ||
| Q2 25 | $500.1M | $905.5M | ||
| Q1 25 | $524.0M | $884.9M | ||
| Q4 24 | $510.8M | $881.1M | ||
| Q3 24 | $502.8M | $831.1M | ||
| Q2 24 | $499.6M | $782.3M | ||
| Q1 24 | $511.6M | $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 | $13.2M | $-3.5M |
| Free Cash FlowOCF − Capex | $13.0M | $-13.4M |
| FCF MarginFCF / Revenue | 16.3% | -15.1% |
| Capex IntensityCapex / Revenue | 0.3% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $-3.5M | ||
| Q3 25 | $18.0M | $18.2M | ||
| Q2 25 | $5.0M | $-7.9M | ||
| Q1 25 | $27.1M | $29.7M | ||
| Q4 24 | $11.2M | $-532.0K | ||
| Q3 24 | $19.1M | $17.7M | ||
| Q2 24 | $6.5M | $533.0K | ||
| Q1 24 | $20.9M | $13.7M |
| Q4 25 | $13.0M | $-13.4M | ||
| Q3 25 | $17.9M | $-9.3M | ||
| Q2 25 | $2.7M | $-29.7M | ||
| Q1 25 | $26.0M | $18.1M | ||
| Q4 24 | $11.0M | $-55.0M | ||
| Q3 24 | $18.8M | $-5.4M | ||
| Q2 24 | $6.3M | $-22.5M | ||
| Q1 24 | $20.2M | $-13.0M |
| Q4 25 | 16.3% | -15.1% | ||
| Q3 25 | 23.4% | -11.9% | ||
| Q2 25 | 3.6% | -38.4% | ||
| Q1 25 | 35.4% | 21.8% | ||
| Q4 24 | 14.8% | -73.8% | ||
| Q3 24 | 25.8% | -6.5% | ||
| Q2 24 | 8.8% | -32.2% | ||
| Q1 24 | 27.8% | -20.4% |
| Q4 25 | 0.3% | 11.1% | ||
| Q3 25 | 0.1% | 35.3% | ||
| Q2 25 | 3.1% | 28.2% | ||
| Q1 25 | 1.4% | 13.9% | ||
| Q4 24 | 0.3% | 73.1% | ||
| Q3 24 | 0.4% | 27.9% | ||
| Q2 24 | 0.2% | 32.9% | ||
| Q1 24 | 1.0% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 2.96× | 1.60× | ||
| Q2 25 | 0.93× | -1.04× | ||
| Q1 25 | 6.25× | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | 1.03× | ||
| Q2 24 | 1.55× | 0.28× | ||
| Q1 24 | 4.01× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
