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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $88.4M, roughly 1.6× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -32.9%, a 51.2% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 18.7%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs 17.6%).
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
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.
MXL vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $137.2M | $88.4M |
| Net Profit | $-45.1M | $16.2M |
| Gross Margin | 57.5% | — |
| Operating Margin | 30.0% | 7.5% |
| Net Margin | -32.9% | 18.3% |
| Revenue YoY | 43.0% | 18.7% |
| Net Profit YoY | -203.0% | 401.5% |
| EPS (diluted) | $-0.52 | $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.
| Q1 26 | $137.2M | — | ||
| Q4 25 | $136.4M | $88.4M | ||
| Q3 25 | $126.5M | $77.9M | ||
| Q2 25 | $108.8M | $77.4M | ||
| Q1 25 | $95.9M | $83.0M | ||
| Q4 24 | $92.2M | $74.5M | ||
| Q3 24 | $81.1M | $82.6M | ||
| Q2 24 | $92.0M | $69.8M |
| Q1 26 | $-45.1M | — | ||
| Q4 25 | $-14.9M | $16.2M | ||
| Q3 25 | $-45.5M | $11.4M | ||
| Q2 25 | $-26.6M | $7.6M | ||
| Q1 25 | $-49.7M | $1.3M | ||
| Q4 24 | $-57.8M | $-5.4M | ||
| Q3 24 | $-75.8M | $17.1M | ||
| Q2 24 | $-39.3M | $1.9M |
| Q1 26 | 57.5% | — | ||
| Q4 25 | 57.6% | — | ||
| Q3 25 | 56.9% | — | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 56.1% | — | ||
| Q4 24 | 55.6% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 54.6% | — |
| Q1 26 | 30.0% | — | ||
| Q4 25 | -10.9% | 7.5% | ||
| Q3 25 | -32.7% | 4.6% | ||
| Q2 25 | -22.6% | -1.1% | ||
| Q1 25 | -48.0% | -2.3% | ||
| Q4 24 | -44.7% | -0.5% | ||
| Q3 24 | -82.3% | 14.9% | ||
| Q2 24 | -44.4% | 8.1% |
| Q1 26 | -32.9% | — | ||
| Q4 25 | -10.9% | 18.3% | ||
| Q3 25 | -36.0% | 14.6% | ||
| Q2 25 | -24.4% | 9.8% | ||
| Q1 25 | -51.8% | 1.5% | ||
| Q4 24 | -62.8% | -7.2% | ||
| Q3 24 | -93.4% | 20.7% | ||
| Q2 24 | -42.7% | 2.7% |
| Q1 26 | $-0.52 | — | ||
| Q4 25 | $-0.17 | $0.08 | ||
| Q3 25 | $-0.52 | $0.05 | ||
| Q2 25 | $-0.31 | $0.03 | ||
| Q1 25 | $-0.58 | $-0.01 | ||
| Q4 24 | $-0.68 | $-0.05 | ||
| Q3 24 | $-0.90 | $0.09 | ||
| Q2 24 | $-0.47 | $-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 | $61.1M | $24.4M |
| Total DebtLower is stronger | $123.8M | $361.3M |
| Stockholders' EquityBook value | $454.2M | $-12.9M |
| Total Assets | $771.3M | $959.5M |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.1M | — | ||
| Q4 25 | $72.8M | $24.4M | ||
| Q3 25 | $111.9M | $29.9M | ||
| Q2 25 | $108.6M | $29.3M | ||
| Q1 25 | $102.8M | $40.1M | ||
| Q4 24 | $118.6M | $24.3M | ||
| Q3 24 | $148.5M | $31.0M | ||
| Q2 24 | $185.1M | $27.6M |
| Q1 26 | $123.8M | — | ||
| 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 26 | $454.2M | — | ||
| Q4 25 | $451.9M | $-12.9M | ||
| Q3 25 | $464.7M | $7.5M | ||
| Q2 25 | $488.3M | $-25.0M | ||
| Q1 25 | $493.2M | $57.1M | ||
| Q4 24 | $516.3M | $-148.4M | ||
| Q3 24 | $556.9M | $-180.1M | ||
| Q2 24 | $617.3M | $-273.0M |
| Q1 26 | $771.3M | — | ||
| Q4 25 | $796.4M | $959.5M | ||
| Q3 25 | $808.1M | $916.7M | ||
| Q2 25 | $863.7M | $905.5M | ||
| Q1 25 | $855.3M | $884.9M | ||
| Q4 24 | $864.6M | $881.1M | ||
| Q3 24 | $895.3M | $831.1M | ||
| Q2 24 | $973.2M | $782.3M |
| Q1 26 | 0.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | $-3.5M | ||
| Q3 25 | $10.1M | $18.2M | ||
| Q2 25 | $10.5M | $-7.9M | ||
| Q1 25 | $-11.4M | $29.7M | ||
| Q4 24 | $-27.8M | $-532.0K | ||
| Q3 24 | $-30.7M | $17.7M | ||
| Q2 24 | $-2.7M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $6.7M | $-13.4M | ||
| Q3 25 | $4.4M | $-9.3M | ||
| Q2 25 | $9.3M | $-29.7M | ||
| Q1 25 | $-13.4M | $18.1M | ||
| Q4 24 | $-30.0M | $-55.0M | ||
| Q3 24 | $-34.9M | $-5.4M | ||
| Q2 24 | $-5.7M | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | -15.1% | ||
| Q3 25 | 3.5% | -11.9% | ||
| Q2 25 | 8.6% | -38.4% | ||
| Q1 25 | -14.0% | 21.8% | ||
| Q4 24 | -32.6% | -73.8% | ||
| Q3 24 | -43.0% | -6.5% | ||
| Q2 24 | -6.2% | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 11.1% | ||
| Q3 25 | 4.5% | 35.3% | ||
| Q2 25 | 1.1% | 28.2% | ||
| Q1 25 | 2.1% | 13.9% | ||
| Q4 24 | 2.4% | 73.1% | ||
| Q3 24 | 5.1% | 27.9% | ||
| Q2 24 | 3.3% | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MXL
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% |
