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Side-by-side financial comparison of MEDIFAST INC (MED) 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 $75.1M, roughly 1.2× MEDIFAST INC). On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -36.9%). MEDIFAST INC produced more free cash flow last quarter ($-6.6M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -34.4%).
Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.
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.
MED vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $88.4M |
| Net Profit | — | $16.2M |
| Gross Margin | 69.4% | — |
| Operating Margin | -10.4% | 7.5% |
| Net Margin | — | 18.3% |
| Revenue YoY | -36.9% | 18.7% |
| Net Profit YoY | — | 401.5% |
| EPS (diluted) | $-1.64 | $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 | $75.1M | $88.4M | ||
| Q3 25 | $89.4M | $77.9M | ||
| Q2 25 | $105.6M | $77.4M | ||
| Q1 25 | $115.7M | $83.0M | ||
| Q4 24 | $119.0M | $74.5M | ||
| Q3 24 | $140.2M | $82.6M | ||
| Q2 24 | $168.6M | $69.8M | ||
| Q1 24 | $174.7M | $64.0M |
| Q4 25 | — | $16.2M | ||
| Q3 25 | $-2.3M | $11.4M | ||
| Q2 25 | $2.5M | $7.6M | ||
| Q1 25 | $-772.0K | $1.3M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $1.1M | $17.1M | ||
| Q2 24 | $-8.2M | $1.9M | ||
| Q1 24 | $8.3M | $677.0K |
| Q4 25 | 69.4% | — | ||
| Q3 25 | 69.5% | — | ||
| Q2 25 | 72.6% | — | ||
| Q1 25 | 72.8% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 73.2% | — | ||
| Q1 24 | 72.8% | — |
| Q4 25 | -10.4% | 7.5% | ||
| Q3 25 | -4.6% | 4.6% | ||
| Q2 25 | -1.0% | -1.1% | ||
| Q1 25 | -1.1% | -2.3% | ||
| Q4 24 | 0.6% | -0.5% | ||
| Q3 24 | 1.5% | 14.9% | ||
| Q2 24 | -4.7% | 8.1% | ||
| Q1 24 | 4.5% | 5.6% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | -2.5% | 14.6% | ||
| Q2 25 | 2.3% | 9.8% | ||
| Q1 25 | -0.7% | 1.5% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | 0.8% | 20.7% | ||
| Q2 24 | -4.8% | 2.7% | ||
| Q1 24 | 4.8% | 1.1% |
| Q4 25 | $-1.64 | $0.08 | ||
| Q3 25 | $-0.21 | $0.05 | ||
| Q2 25 | $0.22 | $0.03 | ||
| Q1 25 | $-0.07 | $-0.01 | ||
| Q4 24 | $0.08 | $-0.05 | ||
| Q3 24 | $0.10 | $0.09 | ||
| Q2 24 | $-0.75 | $-0.01 | ||
| Q1 24 | $0.76 | $-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 | $167.3M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $198.9M | $-12.9M |
| Total Assets | $248.0M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $24.4M | ||
| Q3 25 | $173.5M | $29.9M | ||
| Q2 25 | $162.7M | $29.3M | ||
| Q1 25 | $164.6M | $40.1M | ||
| Q4 24 | $162.3M | $24.3M | ||
| Q3 24 | $170.0M | $31.0M | ||
| Q2 24 | $163.5M | $27.6M | ||
| Q1 24 | $156.4M | $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 | $198.9M | $-12.9M | ||
| Q3 25 | $214.7M | $7.5M | ||
| Q2 25 | $216.0M | $-25.0M | ||
| Q1 25 | $211.0M | $57.1M | ||
| Q4 24 | $210.1M | $-148.4M | ||
| Q3 24 | $207.3M | $-180.1M | ||
| Q2 24 | $205.3M | $-273.0M | ||
| Q1 24 | $211.0M | $-382.4M |
| Q4 25 | $248.0M | $959.5M | ||
| Q3 25 | $268.2M | $916.7M | ||
| Q2 25 | $269.3M | $905.5M | ||
| Q1 25 | $280.0M | $884.9M | ||
| Q4 24 | $284.2M | $881.1M | ||
| Q3 24 | $291.2M | $831.1M | ||
| Q2 24 | $293.5M | $782.3M | ||
| Q1 24 | $302.8M | $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 | $-5.3M | $-3.5M |
| Free Cash FlowOCF − Capex | $-6.6M | $-13.4M |
| FCF MarginFCF / Revenue | -8.8% | -15.1% |
| Capex IntensityCapex / Revenue | 1.8% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.3M | $-3.5M | ||
| Q3 25 | $12.1M | $18.2M | ||
| Q2 25 | $-3.4M | $-7.9M | ||
| Q1 25 | $3.4M | $29.7M | ||
| Q4 24 | $-4.9M | $-532.0K | ||
| Q3 24 | $9.1M | $17.7M | ||
| Q2 24 | $13.1M | $533.0K | ||
| Q1 24 | $7.3M | $13.7M |
| Q4 25 | $-6.6M | $-13.4M | ||
| Q3 25 | $10.8M | $-9.3M | ||
| Q2 25 | $-4.8M | $-29.7M | ||
| Q1 25 | $1.9M | $18.1M | ||
| Q4 24 | $-7.2M | $-55.0M | ||
| Q3 24 | $7.7M | $-5.4M | ||
| Q2 24 | $11.1M | $-22.5M | ||
| Q1 24 | $5.4M | $-13.0M |
| Q4 25 | -8.8% | -15.1% | ||
| Q3 25 | 12.0% | -11.9% | ||
| Q2 25 | -4.5% | -38.4% | ||
| Q1 25 | 1.6% | 21.8% | ||
| Q4 24 | -6.1% | -73.8% | ||
| Q3 24 | 5.5% | -6.5% | ||
| Q2 24 | 6.6% | -32.2% | ||
| Q1 24 | 3.1% | -20.4% |
| Q4 25 | 1.8% | 11.1% | ||
| Q3 25 | 1.5% | 35.3% | ||
| Q2 25 | 1.3% | 28.2% | ||
| Q1 25 | 1.3% | 13.9% | ||
| Q4 24 | 1.9% | 73.1% | ||
| Q3 24 | 1.0% | 27.9% | ||
| Q2 24 | 1.1% | 32.9% | ||
| Q1 24 | 1.1% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | -1.36× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.04× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | 0.88× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MED
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% |
