vs

Side-by-side financial comparison of LTC PROPERTIES INC (LTC) 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 $84.3M, roughly 1.0× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 18.3%, a 104.7% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 18.7%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $-13.4M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs 17.6%).

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

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.

LTC vs OPAL — Head-to-Head

Bigger by revenue
OPAL
OPAL
1.0× larger
OPAL
$88.4M
$84.3M
LTC
Growing faster (revenue YoY)
LTC
LTC
+41.6% gap
LTC
60.3%
18.7%
OPAL
Higher net margin
LTC
LTC
104.7% more per $
LTC
123.0%
18.3%
OPAL
More free cash flow
LTC
LTC
$142.1M more FCF
LTC
$128.7M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
17.6%
OPAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LTC
LTC
OPAL
OPAL
Revenue
$84.3M
$88.4M
Net Profit
$103.7M
$16.2M
Gross Margin
Operating Margin
7.5%
Net Margin
123.0%
18.3%
Revenue YoY
60.3%
18.7%
Net Profit YoY
429.1%
401.5%
EPS (diluted)
$2.19
$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.

Revenue
LTC
LTC
OPAL
OPAL
Q4 25
$84.3M
$88.4M
Q3 25
$69.3M
$77.9M
Q2 25
$60.2M
$77.4M
Q1 25
$49.0M
$83.0M
Q4 24
$52.6M
$74.5M
Q3 24
$55.8M
$82.6M
Q2 24
$50.1M
$69.8M
Q1 24
$51.4M
$64.0M
Net Profit
LTC
LTC
OPAL
OPAL
Q4 25
$103.7M
$16.2M
Q3 25
$-20.0M
$11.4M
Q2 25
$15.1M
$7.6M
Q1 25
$20.7M
$1.3M
Q4 24
$19.6M
$-5.4M
Q3 24
$29.4M
$17.1M
Q2 24
$19.4M
$1.9M
Q1 24
$24.2M
$677.0K
Operating Margin
LTC
LTC
OPAL
OPAL
Q4 25
7.5%
Q3 25
71.9%
4.6%
Q2 25
80.5%
-1.1%
Q1 25
37.8%
-2.3%
Q4 24
-0.5%
Q3 24
95.5%
14.9%
Q2 24
38.0%
8.1%
Q1 24
47.3%
5.6%
Net Margin
LTC
LTC
OPAL
OPAL
Q4 25
123.0%
18.3%
Q3 25
-28.9%
14.6%
Q2 25
25.1%
9.8%
Q1 25
42.2%
1.5%
Q4 24
37.3%
-7.2%
Q3 24
52.6%
20.7%
Q2 24
38.6%
2.7%
Q1 24
47.2%
1.1%
EPS (diluted)
LTC
LTC
OPAL
OPAL
Q4 25
$2.19
$0.08
Q3 25
$-0.44
$0.05
Q2 25
$0.32
$0.03
Q1 25
$0.45
$-0.01
Q4 24
$0.38
$-0.05
Q3 24
$0.66
$0.09
Q2 24
$0.44
$-0.01
Q1 24
$0.56
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LTC
LTC
OPAL
OPAL
Cash + ST InvestmentsLiquidity on hand
$14.4M
$24.4M
Total DebtLower is stronger
$842.2M
$361.3M
Stockholders' EquityBook value
$1.1B
$-12.9M
Total Assets
$2.1B
$959.5M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
OPAL
OPAL
Q4 25
$14.4M
$24.4M
Q3 25
$17.9M
$29.9M
Q2 25
$7.6M
$29.3M
Q1 25
$23.3M
$40.1M
Q4 24
$9.4M
$24.3M
Q3 24
$35.0M
$31.0M
Q2 24
$6.2M
$27.6M
Q1 24
$9.0M
$34.2M
Total Debt
LTC
LTC
OPAL
OPAL
Q4 25
$842.2M
$361.3M
Q3 25
$944.5M
$351.2M
Q2 25
$696.5M
$331.6M
Q1 25
$682.2M
$307.0M
Q4 24
$684.6M
$307.5M
Q3 24
$785.3M
$252.9M
Q2 24
$861.0M
$233.3M
Q1 24
$860.2M
$208.7M
Stockholders' Equity
LTC
LTC
OPAL
OPAL
Q4 25
$1.1B
$-12.9M
Q3 25
$957.9M
$7.5M
Q2 25
$957.5M
$-25.0M
Q1 25
$961.9M
$57.1M
Q4 24
$960.6M
$-148.4M
Q3 24
$947.8M
$-180.1M
Q2 24
$889.1M
$-273.0M
Q1 24
$886.2M
$-382.4M
Total Assets
LTC
LTC
OPAL
OPAL
Q4 25
$2.1B
$959.5M
Q3 25
$2.0B
$916.7M
Q2 25
$1.8B
$905.5M
Q1 25
$1.8B
$884.9M
Q4 24
$1.8B
$881.1M
Q3 24
$1.9B
$831.1M
Q2 24
$1.9B
$782.3M
Q1 24
$1.8B
$750.5M
Debt / Equity
LTC
LTC
OPAL
OPAL
Q4 25
0.78×
Q3 25
0.99×
46.95×
Q2 25
0.73×
Q1 25
0.71×
5.38×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LTC
LTC
OPAL
OPAL
Operating Cash FlowLast quarter
$136.0M
$-3.5M
Free Cash FlowOCF − Capex
$128.7M
$-13.4M
FCF MarginFCF / Revenue
152.7%
-15.1%
Capex IntensityCapex / Revenue
8.6%
11.1%
Cash ConversionOCF / Net Profit
1.31×
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$220.1M
$-34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
OPAL
OPAL
Q4 25
$136.0M
$-3.5M
Q3 25
$38.4M
$18.2M
Q2 25
$30.0M
$-7.9M
Q1 25
$29.6M
$29.7M
Q4 24
$125.9M
$-532.0K
Q3 24
$34.0M
$17.7M
Q2 24
$37.0M
$533.0K
Q1 24
$21.1M
$13.7M
Free Cash Flow
LTC
LTC
OPAL
OPAL
Q4 25
$128.7M
$-13.4M
Q3 25
$34.3M
$-9.3M
Q2 25
$28.9M
$-29.7M
Q1 25
$28.2M
$18.1M
Q4 24
$112.2M
$-55.0M
Q3 24
$27.7M
$-5.4M
Q2 24
$34.7M
$-22.5M
Q1 24
$19.7M
$-13.0M
FCF Margin
LTC
LTC
OPAL
OPAL
Q4 25
152.7%
-15.1%
Q3 25
49.4%
-11.9%
Q2 25
47.9%
-38.4%
Q1 25
57.6%
21.8%
Q4 24
213.4%
-73.8%
Q3 24
49.7%
-6.5%
Q2 24
69.1%
-32.2%
Q1 24
38.4%
-20.4%
Capex Intensity
LTC
LTC
OPAL
OPAL
Q4 25
8.6%
11.1%
Q3 25
6.0%
35.3%
Q2 25
1.9%
28.2%
Q1 25
2.7%
13.9%
Q4 24
26.0%
73.1%
Q3 24
11.2%
27.9%
Q2 24
4.6%
32.9%
Q1 24
2.6%
41.8%
Cash Conversion
LTC
LTC
OPAL
OPAL
Q4 25
1.31×
-0.22×
Q3 25
1.60×
Q2 25
1.99×
-1.04×
Q1 25
1.43×
23.11×
Q4 24
6.43×
Q3 24
1.16×
1.03×
Q2 24
1.91×
0.28×
Q1 24
0.87×
20.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

OPAL
OPAL

Fuel Station Services Segment$65.1M74%
Related Party$12.1M14%
Renewable Power Segment$8.6M10%
Other$2.6M3%

Related Comparisons