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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) 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 $47.3M, roughly 1.9× Mama's Creations, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 1.1%, a 17.2% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 18.7%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-13.4M). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 17.6%).

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

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.

MAMA vs OPAL — Head-to-Head

Bigger by revenue
OPAL
OPAL
1.9× larger
OPAL
$88.4M
$47.3M
MAMA
Growing faster (revenue YoY)
MAMA
MAMA
+31.2% gap
MAMA
50.0%
18.7%
OPAL
Higher net margin
OPAL
OPAL
17.2% more per $
OPAL
18.3%
1.1%
MAMA
More free cash flow
MAMA
MAMA
$17.0M more FCF
MAMA
$3.7M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
17.6%
OPAL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MAMA
MAMA
OPAL
OPAL
Revenue
$47.3M
$88.4M
Net Profit
$540.0K
$16.2M
Gross Margin
23.6%
Operating Margin
1.7%
7.5%
Net Margin
1.1%
18.3%
Revenue YoY
50.0%
18.7%
Net Profit YoY
31.7%
401.5%
EPS (diluted)
$0.01
$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
MAMA
MAMA
OPAL
OPAL
Q4 25
$47.3M
$88.4M
Q3 25
$35.2M
$77.9M
Q2 25
$35.3M
$77.4M
Q1 25
$33.6M
$83.0M
Q4 24
$31.5M
$74.5M
Q3 24
$28.4M
$82.6M
Q2 24
$29.8M
$69.8M
Q1 24
$26.7M
$64.0M
Net Profit
MAMA
MAMA
OPAL
OPAL
Q4 25
$540.0K
$16.2M
Q3 25
$1.3M
$11.4M
Q2 25
$1.2M
$7.6M
Q1 25
$1.6M
$1.3M
Q4 24
$410.0K
$-5.4M
Q3 24
$1.1M
$17.1M
Q2 24
$553.0K
$1.9M
Q1 24
$1.4M
$677.0K
Gross Margin
MAMA
MAMA
OPAL
OPAL
Q4 25
23.6%
Q3 25
24.9%
Q2 25
26.1%
Q1 25
27.0%
Q4 24
22.6%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
MAMA
MAMA
OPAL
OPAL
Q4 25
1.7%
7.5%
Q3 25
4.8%
4.6%
Q2 25
4.5%
-1.1%
Q1 25
5.7%
-2.3%
Q4 24
1.8%
-0.5%
Q3 24
5.7%
14.9%
Q2 24
2.6%
8.1%
Q1 24
7.4%
5.6%
Net Margin
MAMA
MAMA
OPAL
OPAL
Q4 25
1.1%
18.3%
Q3 25
3.6%
14.6%
Q2 25
3.5%
9.8%
Q1 25
4.8%
1.5%
Q4 24
1.3%
-7.2%
Q3 24
4.0%
20.7%
Q2 24
1.9%
2.7%
Q1 24
5.3%
1.1%
EPS (diluted)
MAMA
MAMA
OPAL
OPAL
Q4 25
$0.01
$0.08
Q3 25
$0.03
$0.05
Q2 25
$0.03
$0.03
Q1 25
$0.04
$-0.01
Q4 24
$0.01
$-0.05
Q3 24
$0.03
$0.09
Q2 24
$0.01
$-0.01
Q1 24
$0.03
$-0.01

Balance Sheet & Financial Strength

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

Metric
MAMA
MAMA
OPAL
OPAL
Cash + ST InvestmentsLiquidity on hand
$18.1M
$24.4M
Total DebtLower is stronger
$361.3M
Stockholders' EquityBook value
$49.6M
$-12.9M
Total Assets
$84.0M
$959.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
OPAL
OPAL
Q4 25
$18.1M
$24.4M
Q3 25
$9.4M
$29.9M
Q2 25
$12.0M
$29.3M
Q1 25
$7.2M
$40.1M
Q4 24
$9.3M
$24.3M
Q3 24
$7.4M
$31.0M
Q2 24
$13.0M
$27.6M
Q1 24
$11.0M
$34.2M
Total Debt
MAMA
MAMA
OPAL
OPAL
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
Stockholders' Equity
MAMA
MAMA
OPAL
OPAL
Q4 25
$49.6M
$-12.9M
Q3 25
$29.6M
$7.5M
Q2 25
$26.4M
$-25.0M
Q1 25
$24.9M
$57.1M
Q4 24
$23.0M
$-148.4M
Q3 24
$22.3M
$-180.1M
Q2 24
$20.3M
$-273.0M
Q1 24
$19.6M
$-382.4M
Total Assets
MAMA
MAMA
OPAL
OPAL
Q4 25
$84.0M
$959.5M
Q3 25
$51.2M
$916.7M
Q2 25
$52.7M
$905.5M
Q1 25
$47.1M
$884.9M
Q4 24
$47.9M
$881.1M
Q3 24
$43.0M
$831.1M
Q2 24
$47.2M
$782.3M
Q1 24
$45.1M
$750.5M
Debt / Equity
MAMA
MAMA
OPAL
OPAL
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
MAMA
MAMA
OPAL
OPAL
Operating Cash FlowLast quarter
$3.9M
$-3.5M
Free Cash FlowOCF − Capex
$3.7M
$-13.4M
FCF MarginFCF / Revenue
7.8%
-15.1%
Capex IntensityCapex / Revenue
0.4%
11.1%
Cash ConversionOCF / Net Profit
7.16×
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$6.0M
$-34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAMA
MAMA
OPAL
OPAL
Q4 25
$3.9M
$-3.5M
Q3 25
$-1.7M
$18.2M
Q2 25
$6.0M
$-7.9M
Q1 25
$-857.0K
$29.7M
Q4 24
$4.8M
$-532.0K
Q3 24
$-2.4M
$17.7M
Q2 24
$3.6M
$533.0K
Q1 24
$6.7M
$13.7M
Free Cash Flow
MAMA
MAMA
OPAL
OPAL
Q4 25
$3.7M
$-13.4M
Q3 25
$-2.2M
$-9.3M
Q2 25
$5.5M
$-29.7M
Q1 25
$-930.0K
$18.1M
Q4 24
$2.5M
$-55.0M
Q3 24
$-4.0M
$-5.4M
Q2 24
$2.5M
$-22.5M
Q1 24
$6.6M
$-13.0M
FCF Margin
MAMA
MAMA
OPAL
OPAL
Q4 25
7.8%
-15.1%
Q3 25
-6.2%
-11.9%
Q2 25
15.5%
-38.4%
Q1 25
-2.8%
21.8%
Q4 24
8.0%
-73.8%
Q3 24
-14.1%
-6.5%
Q2 24
8.4%
-32.2%
Q1 24
24.8%
-20.4%
Capex Intensity
MAMA
MAMA
OPAL
OPAL
Q4 25
0.4%
11.1%
Q3 25
1.5%
35.3%
Q2 25
1.5%
28.2%
Q1 25
0.2%
13.9%
Q4 24
7.2%
73.1%
Q3 24
5.6%
27.9%
Q2 24
3.8%
32.9%
Q1 24
0.4%
41.8%
Cash Conversion
MAMA
MAMA
OPAL
OPAL
Q4 25
7.16×
-0.22×
Q3 25
-1.31×
1.60×
Q2 25
4.85×
-1.04×
Q1 25
-0.54×
23.11×
Q4 24
11.71×
Q3 24
-2.10×
1.03×
Q2 24
6.58×
0.28×
Q1 24
4.79×
20.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAMA
MAMA

Segment breakdown not available.

OPAL
OPAL

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

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