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Side-by-side financial comparison of Nutex Health, Inc. (NUTX) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
Nutex Health, Inc. is the larger business by last-quarter revenue ($151.7M vs $88.4M, roughly 1.7× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 7.8%, a 10.5% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-13.4M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs 17.6%).
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
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.
NUTX vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $151.7M | $88.4M |
| Net Profit | $11.8M | $16.2M |
| Gross Margin | 30.4% | — |
| Operating Margin | 20.4% | 7.5% |
| Net Margin | 7.8% | 18.3% |
| Revenue YoY | -41.1% | 18.7% |
| Net Profit YoY | -80.8% | 401.5% |
| EPS (diluted) | $2.34 | $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 | $151.7M | $88.4M | ||
| Q3 25 | $267.8M | $77.9M | ||
| Q2 25 | $244.0M | $77.4M | ||
| Q1 25 | $211.8M | $83.0M | ||
| Q4 24 | $257.6M | $74.5M | ||
| Q3 24 | $78.8M | $82.6M | ||
| Q2 24 | $76.1M | $69.8M | ||
| Q1 24 | $67.5M | $64.0M |
| Q4 25 | $11.8M | $16.2M | ||
| Q3 25 | $55.4M | $11.4M | ||
| Q2 25 | $-17.7M | $7.6M | ||
| Q1 25 | $21.2M | $1.3M | ||
| Q4 24 | $61.6M | $-5.4M | ||
| Q3 24 | $-8.8M | $17.1M | ||
| Q2 24 | $-364.0K | $1.9M | ||
| Q1 24 | $-364.0K | $677.0K |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 51.2% | — | ||
| Q1 25 | 55.9% | — | ||
| Q4 24 | 55.0% | — | ||
| Q3 24 | 27.8% | — | ||
| Q2 24 | 29.7% | — | ||
| Q1 24 | 15.1% | — |
| Q4 25 | 20.4% | 7.5% | ||
| Q3 25 | 48.7% | 4.6% | ||
| Q2 25 | 13.8% | -1.1% | ||
| Q1 25 | 38.1% | -2.3% | ||
| Q4 24 | 44.4% | -0.5% | ||
| Q3 24 | 12.3% | 14.9% | ||
| Q2 24 | 7.0% | 8.1% | ||
| Q1 24 | 2.1% | 5.6% |
| Q4 25 | 7.8% | 18.3% | ||
| Q3 25 | 20.7% | 14.6% | ||
| Q2 25 | -7.3% | 9.8% | ||
| Q1 25 | 10.0% | 1.5% | ||
| Q4 24 | 23.9% | -7.2% | ||
| Q3 24 | -11.2% | 20.7% | ||
| Q2 24 | -0.5% | 2.7% | ||
| Q1 24 | -0.5% | 1.1% |
| Q4 25 | $2.34 | $0.08 | ||
| Q3 25 | $7.76 | $0.05 | ||
| Q2 25 | $-2.95 | $0.03 | ||
| Q1 25 | $3.33 | $-0.01 | ||
| Q4 24 | $11.56 | $-0.05 | ||
| Q3 24 | $-1.72 | $0.09 | ||
| Q2 24 | $-0.07 | $-0.01 | ||
| Q1 24 | $-0.08 | $-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 | $185.6M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $329.4M | $-12.9M |
| Total Assets | $918.5M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $185.6M | $24.4M | ||
| Q3 25 | $166.0M | $29.9M | ||
| Q2 25 | $96.7M | $29.3M | ||
| Q1 25 | $84.7M | $40.1M | ||
| Q4 24 | $40.6M | $24.3M | ||
| Q3 24 | $46.9M | $31.0M | ||
| Q2 24 | $40.8M | $27.6M | ||
| Q1 24 | $30.0M | $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 | $329.4M | $-12.9M | ||
| Q3 25 | $317.2M | $7.5M | ||
| Q2 25 | $235.3M | $-25.0M | ||
| Q1 25 | $176.9M | $57.1M | ||
| Q4 24 | $132.4M | $-148.4M | ||
| Q3 24 | $60.4M | $-180.1M | ||
| Q2 24 | $62.7M | $-273.0M | ||
| Q1 24 | $63.0M | $-382.4M |
| Q4 25 | $918.5M | $959.5M | ||
| Q3 25 | $964.5M | $916.7M | ||
| Q2 25 | $841.0M | $905.5M | ||
| Q1 25 | $761.9M | $884.9M | ||
| Q4 24 | $655.3M | $881.1M | ||
| Q3 24 | $438.5M | $831.1M | ||
| Q2 24 | $422.4M | $782.3M | ||
| Q1 24 | $404.3M | $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 | $70.4M | $-3.5M |
| Free Cash FlowOCF − Capex | $69.0M | $-13.4M |
| FCF MarginFCF / Revenue | 45.5% | -15.1% |
| Capex IntensityCapex / Revenue | 0.9% | 11.1% |
| Cash ConversionOCF / Net Profit | 5.95× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $245.6M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.4M | $-3.5M | ||
| Q3 25 | $99.5M | $18.2M | ||
| Q2 25 | $27.3M | $-7.9M | ||
| Q1 25 | $51.0M | $29.7M | ||
| Q4 24 | $54.0K | $-532.0K | ||
| Q3 24 | $6.8M | $17.7M | ||
| Q2 24 | $13.3M | $533.0K | ||
| Q1 24 | $3.1M | $13.7M |
| Q4 25 | $69.0M | $-13.4M | ||
| Q3 25 | $99.2M | $-9.3M | ||
| Q2 25 | $26.5M | $-29.7M | ||
| Q1 25 | $50.9M | $18.1M | ||
| Q4 24 | $-341.0K | $-55.0M | ||
| Q3 24 | $6.2M | $-5.4M | ||
| Q2 24 | $12.7M | $-22.5M | ||
| Q1 24 | $2.3M | $-13.0M |
| Q4 25 | 45.5% | -15.1% | ||
| Q3 25 | 37.0% | -11.9% | ||
| Q2 25 | 10.9% | -38.4% | ||
| Q1 25 | 24.0% | 21.8% | ||
| Q4 24 | -0.1% | -73.8% | ||
| Q3 24 | 7.8% | -6.5% | ||
| Q2 24 | 16.7% | -32.2% | ||
| Q1 24 | 3.4% | -20.4% |
| Q4 25 | 0.9% | 11.1% | ||
| Q3 25 | 0.1% | 35.3% | ||
| Q2 25 | 0.3% | 28.2% | ||
| Q1 25 | 0.0% | 13.9% | ||
| Q4 24 | 0.2% | 73.1% | ||
| Q3 24 | 0.8% | 27.9% | ||
| Q2 24 | 0.7% | 32.9% | ||
| Q1 24 | 1.1% | 41.8% |
| Q4 25 | 5.95× | -0.22× | ||
| Q3 25 | 1.80× | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | 2.40× | 23.11× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
