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Side-by-side financial comparison of NATIONAL PRESTO INDUSTRIES INC (NPK) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.

NATIONAL PRESTO INDUSTRIES INC is the larger business by last-quarter revenue ($164.0M vs $88.4M, roughly 1.9× OPAL Fuels Inc.). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs 18.7%). NATIONAL PRESTO INDUSTRIES INC produced more free cash flow last quarter ($12.4M vs $-13.4M). Over the past eight quarters, NATIONAL PRESTO INDUSTRIES INC's revenue compounded faster (46.3% CAGR vs 17.6%).

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

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.

NPK vs OPAL — Head-to-Head

Bigger by revenue
NPK
NPK
1.9× larger
NPK
$164.0M
$88.4M
OPAL
Growing faster (revenue YoY)
NPK
NPK
+3.0% gap
NPK
21.7%
18.7%
OPAL
More free cash flow
NPK
NPK
$25.8M more FCF
NPK
$12.4M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
NPK
NPK
Annualised
NPK
46.3%
17.6%
OPAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NPK
NPK
OPAL
OPAL
Revenue
$164.0M
$88.4M
Net Profit
$16.2M
Gross Margin
16.9%
Operating Margin
11.4%
7.5%
Net Margin
18.3%
Revenue YoY
21.7%
18.7%
Net Profit YoY
401.5%
EPS (diluted)
$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
NPK
NPK
OPAL
OPAL
Q4 25
$164.0M
$88.4M
Q3 25
$115.5M
$77.9M
Q2 25
$120.4M
$77.4M
Q1 25
$103.6M
$83.0M
Q4 24
$134.7M
$74.5M
Q3 24
$91.8M
$82.6M
Q2 24
$85.1M
$69.8M
Q1 24
$76.7M
$64.0M
Net Profit
NPK
NPK
OPAL
OPAL
Q4 25
$16.2M
Q3 25
$5.3M
$11.4M
Q2 25
$5.2M
$7.6M
Q1 25
$7.6M
$1.3M
Q4 24
$-5.4M
Q3 24
$8.1M
$17.1M
Q2 24
$6.1M
$1.9M
Q1 24
$6.6M
$677.0K
Gross Margin
NPK
NPK
OPAL
OPAL
Q4 25
16.9%
Q3 25
13.9%
Q2 25
15.4%
Q1 25
17.5%
Q4 24
24.3%
Q3 24
18.8%
Q2 24
17.3%
Q1 24
18.1%
Operating Margin
NPK
NPK
OPAL
OPAL
Q4 25
11.4%
7.5%
Q3 25
5.6%
4.6%
Q2 25
5.1%
-1.1%
Q1 25
8.8%
-2.3%
Q4 24
17.3%
-0.5%
Q3 24
10.0%
14.9%
Q2 24
7.5%
8.1%
Q1 24
8.2%
5.6%
Net Margin
NPK
NPK
OPAL
OPAL
Q4 25
18.3%
Q3 25
4.6%
14.6%
Q2 25
4.3%
9.8%
Q1 25
7.3%
1.5%
Q4 24
-7.2%
Q3 24
8.8%
20.7%
Q2 24
7.1%
2.7%
Q1 24
8.6%
1.1%
EPS (diluted)
NPK
NPK
OPAL
OPAL
Q4 25
$0.08
Q3 25
$0.05
Q2 25
$0.03
Q1 25
$-0.01
Q4 24
$-0.05
Q3 24
$0.09
Q2 24
$-0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
NPK
NPK
OPAL
OPAL
Cash + ST InvestmentsLiquidity on hand
$3.8M
$24.4M
Total DebtLower is stronger
$361.3M
Stockholders' EquityBook value
$395.1M
$-12.9M
Total Assets
$500.7M
$959.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPK
NPK
OPAL
OPAL
Q4 25
$3.8M
$24.4M
Q3 25
$4.6M
$29.9M
Q2 25
$4.8M
$29.3M
Q1 25
$5.5M
$40.1M
Q4 24
$22.7M
$24.3M
Q3 24
$33.2M
$31.0M
Q2 24
$53.4M
$27.6M
Q1 24
$87.9M
$34.2M
Total Debt
NPK
NPK
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
NPK
NPK
OPAL
OPAL
Q4 25
$395.1M
$-12.9M
Q3 25
$379.8M
$7.5M
Q2 25
$374.1M
$-25.0M
Q1 25
$368.6M
$57.1M
Q4 24
$367.6M
$-148.4M
Q3 24
$346.6M
$-180.1M
Q2 24
$338.1M
$-273.0M
Q1 24
$331.6M
$-382.4M
Total Assets
NPK
NPK
OPAL
OPAL
Q4 25
$500.7M
$959.5M
Q3 25
$503.8M
$916.7M
Q2 25
$471.9M
$905.5M
Q1 25
$455.3M
$884.9M
Q4 24
$453.4M
$881.1M
Q3 24
$428.9M
$831.1M
Q2 24
$418.1M
$782.3M
Q1 24
$417.5M
$750.5M
Debt / Equity
NPK
NPK
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
NPK
NPK
OPAL
OPAL
Operating Cash FlowLast quarter
$13.9M
$-3.5M
Free Cash FlowOCF − Capex
$12.4M
$-13.4M
FCF MarginFCF / Revenue
7.6%
-15.1%
Capex IntensityCapex / Revenue
0.9%
11.1%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$-36.2M
$-34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NPK
NPK
OPAL
OPAL
Q4 25
$13.9M
$-3.5M
Q3 25
$-24.6M
$18.2M
Q2 25
$-10.9M
$-7.9M
Q1 25
$12.5M
$29.7M
Q4 24
$-7.6M
$-532.0K
Q3 24
$-17.5M
$17.7M
Q2 24
$-33.9M
$533.0K
Q1 24
$5.6M
$13.7M
Free Cash Flow
NPK
NPK
OPAL
OPAL
Q4 25
$12.4M
$-13.4M
Q3 25
$-24.7M
$-9.3M
Q2 25
$-13.4M
$-29.7M
Q1 25
$-10.5M
$18.1M
Q4 24
$-11.3M
$-55.0M
Q3 24
$-20.3M
$-5.4M
Q2 24
$-34.5M
$-22.5M
Q1 24
$5.2M
$-13.0M
FCF Margin
NPK
NPK
OPAL
OPAL
Q4 25
7.6%
-15.1%
Q3 25
-21.4%
-11.9%
Q2 25
-11.1%
-38.4%
Q1 25
-10.2%
21.8%
Q4 24
-8.4%
-73.8%
Q3 24
-22.1%
-6.5%
Q2 24
-40.6%
-32.2%
Q1 24
6.7%
-20.4%
Capex Intensity
NPK
NPK
OPAL
OPAL
Q4 25
0.9%
11.1%
Q3 25
0.1%
35.3%
Q2 25
2.0%
28.2%
Q1 25
22.2%
13.9%
Q4 24
2.7%
73.1%
Q3 24
3.1%
27.9%
Q2 24
0.8%
32.9%
Q1 24
0.5%
41.8%
Cash Conversion
NPK
NPK
OPAL
OPAL
Q4 25
-0.22×
Q3 25
-4.63×
1.60×
Q2 25
-2.12×
-1.04×
Q1 25
1.64×
23.11×
Q4 24
Q3 24
-2.16×
1.03×
Q2 24
-5.58×
0.28×
Q1 24
0.85×
20.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NPK
NPK

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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