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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) 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 $73.9M, roughly 1.2× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 18.3%, a 8.5% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 17.3%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 6.6%).
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
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.
KPLT vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $88.4M |
| Net Profit | $19.8M | $16.2M |
| Gross Margin | 15.6% | — |
| Operating Margin | -1.4% | 7.5% |
| Net Margin | 26.8% | 18.3% |
| Revenue YoY | 17.3% | 18.7% |
| Net Profit YoY | 307.3% | 401.5% |
| EPS (diluted) | $3.69 | $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 | $73.9M | $88.4M | ||
| Q3 25 | $74.0M | $77.9M | ||
| Q2 25 | $71.9M | $77.4M | ||
| Q1 25 | $71.9M | $83.0M | ||
| Q4 24 | $63.0M | $74.5M | ||
| Q3 24 | $60.3M | $82.6M | ||
| Q2 24 | $58.9M | $69.8M | ||
| Q1 24 | $65.1M | $64.0M |
| Q4 25 | $19.8M | $16.2M | ||
| Q3 25 | $-4.9M | $11.4M | ||
| Q2 25 | $-7.8M | $7.6M | ||
| Q1 25 | $-5.7M | $1.3M | ||
| Q4 24 | $-9.6M | $-5.4M | ||
| Q3 24 | $-8.9M | $17.1M | ||
| Q2 24 | $-6.9M | $1.9M | ||
| Q1 24 | $-570.0K | $677.0K |
| Q4 25 | 15.6% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 25.3% | — |
| Q4 25 | -1.4% | 7.5% | ||
| Q3 25 | 3.3% | 4.6% | ||
| Q2 25 | -2.0% | -1.1% | ||
| Q1 25 | -0.7% | -2.3% | ||
| Q4 24 | -7.7% | -0.5% | ||
| Q3 24 | -7.4% | 14.9% | ||
| Q2 24 | -4.5% | 8.1% | ||
| Q1 24 | 5.8% | 5.6% |
| Q4 25 | 26.8% | 18.3% | ||
| Q3 25 | -6.7% | 14.6% | ||
| Q2 25 | -10.9% | 9.8% | ||
| Q1 25 | -7.9% | 1.5% | ||
| Q4 24 | -15.2% | -7.2% | ||
| Q3 24 | -14.7% | 20.7% | ||
| Q2 24 | -11.7% | 2.7% | ||
| Q1 24 | -0.9% | 1.1% |
| Q4 25 | $3.69 | $0.08 | ||
| Q3 25 | $-0.94 | $0.05 | ||
| Q2 25 | $-1.63 | $0.03 | ||
| Q1 25 | $-1.23 | $-0.01 | ||
| Q4 24 | $-2.17 | $-0.05 | ||
| Q3 24 | $-2.05 | $0.09 | ||
| Q2 24 | $-1.61 | $-0.01 | ||
| Q1 24 | $-0.13 | $-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 | $22.4M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $-38.1M | $-12.9M |
| Total Assets | $107.9M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $24.4M | ||
| Q3 25 | $3.4M | $29.9M | ||
| Q2 25 | $3.7M | $29.3M | ||
| Q1 25 | $6.0M | $40.1M | ||
| Q4 24 | $3.5M | $24.3M | ||
| Q3 24 | $25.9M | $31.0M | ||
| Q2 24 | $33.7M | $27.6M | ||
| Q1 24 | $31.2M | $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 | $-38.1M | $-12.9M | ||
| Q3 25 | $-58.4M | $7.5M | ||
| Q2 25 | $-54.1M | $-25.0M | ||
| Q1 25 | $-51.7M | $57.1M | ||
| Q4 24 | $-46.8M | $-148.4M | ||
| Q3 24 | $-40.3M | $-180.1M | ||
| Q2 24 | $-32.9M | $-273.0M | ||
| Q1 24 | $-27.5M | $-382.4M |
| Q4 25 | $107.9M | $959.5M | ||
| Q3 25 | $85.9M | $916.7M | ||
| Q2 25 | $90.6M | $905.5M | ||
| Q1 25 | $88.5M | $884.9M | ||
| Q4 24 | $93.2M | $881.1M | ||
| Q3 24 | $92.0M | $831.1M | ||
| Q2 24 | $106.6M | $782.3M | ||
| Q1 24 | $106.6M | $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 | $-11.9M | $-3.5M |
| Free Cash FlowOCF − Capex | $-12.0M | $-13.4M |
| FCF MarginFCF / Revenue | -16.2% | -15.1% |
| Capex IntensityCapex / Revenue | 0.0% | 11.1% |
| Cash ConversionOCF / Net Profit | -0.60× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $-3.5M | ||
| Q3 25 | $4.0M | $18.2M | ||
| Q2 25 | $-6.6M | $-7.9M | ||
| Q1 25 | $3.4M | $29.7M | ||
| Q4 24 | $-32.6M | $-532.0K | ||
| Q3 24 | $-5.4M | $17.7M | ||
| Q2 24 | $-628.0K | $533.0K | ||
| Q1 24 | $2.0M | $13.7M |
| Q4 25 | $-12.0M | $-13.4M | ||
| Q3 25 | $4.0M | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | $3.4M | $18.1M | ||
| Q4 24 | $-32.6M | $-55.0M | ||
| Q3 24 | $-5.4M | $-5.4M | ||
| Q2 24 | $-653.0K | $-22.5M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | -16.2% | -15.1% | ||
| Q3 25 | 5.4% | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | 4.7% | 21.8% | ||
| Q4 24 | -51.8% | -73.8% | ||
| Q3 24 | -9.0% | -6.5% | ||
| Q2 24 | -1.1% | -32.2% | ||
| Q1 24 | — | -20.4% |
| Q4 25 | 0.0% | 11.1% | ||
| Q3 25 | 0.0% | 35.3% | ||
| Q2 25 | 0.0% | 28.2% | ||
| Q1 25 | 0.0% | 13.9% | ||
| Q4 24 | 0.1% | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | 0.0% | 32.9% | ||
| Q1 24 | 0.0% | 41.8% |
| Q4 25 | -0.60× | -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
KPLT
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% |
