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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $88.4M, roughly 1.2× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -12.5%, a 30.8% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $88.4M |
| Net Profit | $-13.1M | $16.2M |
| Gross Margin | 68.0% | — |
| Operating Margin | -4.3% | 7.5% |
| Net Margin | -12.5% | 18.3% |
| Revenue YoY | 4.3% | 18.7% |
| Net Profit YoY | -48.9% | 401.5% |
| EPS (diluted) | $-0.02 | $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 | $105.1M | $88.4M | ||
| Q3 25 | $114.6M | $77.9M | ||
| Q2 25 | $106.3M | $77.4M | ||
| Q1 25 | $97.0M | $83.0M | ||
| Q4 24 | $100.7M | $74.5M | ||
| Q3 24 | $119.1M | $82.6M | ||
| Q2 24 | $103.9M | $69.8M | ||
| Q1 24 | $98.9M | $64.0M |
| Q4 25 | $-13.1M | $16.2M | ||
| Q3 25 | $11.1M | $11.4M | ||
| Q2 25 | $-7.7M | $7.6M | ||
| Q1 25 | $465.0K | $1.3M | ||
| Q4 24 | $-8.8M | $-5.4M | ||
| Q3 24 | $14.8M | $17.1M | ||
| Q2 24 | $5.8M | $1.9M | ||
| Q1 24 | $7.7M | $677.0K |
| Q4 25 | 68.0% | — | ||
| Q3 25 | 69.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 66.3% | — | ||
| Q3 24 | 68.6% | — | ||
| Q2 24 | 69.7% | — | ||
| Q1 24 | 72.1% | — |
| Q4 25 | -4.3% | 7.5% | ||
| Q3 25 | 3.7% | 4.6% | ||
| Q2 25 | -1.1% | -1.1% | ||
| Q1 25 | 8.7% | -2.3% | ||
| Q4 24 | 3.0% | -0.5% | ||
| Q3 24 | 23.5% | 14.9% | ||
| Q2 24 | 15.7% | 8.1% | ||
| Q1 24 | 19.8% | 5.6% |
| Q4 25 | -12.5% | 18.3% | ||
| Q3 25 | 9.7% | 14.6% | ||
| Q2 25 | -7.3% | 9.8% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | -8.7% | -7.2% | ||
| Q3 24 | 12.4% | 20.7% | ||
| Q2 24 | 5.6% | 2.7% | ||
| Q1 24 | 7.8% | 1.1% |
| Q4 25 | $-0.02 | $0.08 | ||
| Q3 25 | $0.02 | $0.05 | ||
| Q2 25 | $-0.01 | $0.03 | ||
| Q1 25 | $0.00 | $-0.01 | ||
| Q4 24 | $-0.01 | $-0.05 | ||
| Q3 24 | $0.02 | $0.09 | ||
| Q2 24 | $0.01 | $-0.01 | ||
| Q1 24 | $0.01 | $-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 | $318.7M | $24.4M |
| Total DebtLower is stronger | $352.3M | $361.3M |
| Stockholders' EquityBook value | $879.4M | $-12.9M |
| Total Assets | $1.5B | $959.5M |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $24.4M | ||
| Q3 25 | $286.4M | $29.9M | ||
| Q2 25 | $289.3M | $29.3M | ||
| Q1 25 | $580.9M | $40.1M | ||
| Q4 24 | $586.0M | $24.3M | ||
| Q3 24 | $538.8M | $31.0M | ||
| Q2 24 | $507.9M | $27.6M | ||
| Q1 24 | $507.5M | $34.2M |
| Q4 25 | $352.3M | $361.3M | ||
| Q3 25 | $352.1M | $351.2M | ||
| Q2 25 | $351.9M | $331.6M | ||
| Q1 25 | $649.1M | $307.0M | ||
| Q4 24 | $650.5M | $307.5M | ||
| Q3 24 | $651.8M | $252.9M | ||
| Q2 24 | $653.1M | $233.3M | ||
| Q1 24 | $654.4M | $208.7M |
| Q4 25 | $879.4M | $-12.9M | ||
| Q3 25 | $888.7M | $7.5M | ||
| Q2 25 | $874.2M | $-25.0M | ||
| Q1 25 | $878.3M | $57.1M | ||
| Q4 24 | $874.4M | $-148.4M | ||
| Q3 24 | $879.7M | $-180.1M | ||
| Q2 24 | $863.3M | $-273.0M | ||
| Q1 24 | $855.7M | $-382.4M |
| Q4 25 | $1.5B | $959.5M | ||
| Q3 25 | $1.5B | $916.7M | ||
| Q2 25 | $1.5B | $905.5M | ||
| Q1 25 | $1.8B | $884.9M | ||
| Q4 24 | $1.8B | $881.1M | ||
| Q3 24 | $1.8B | $831.1M | ||
| Q2 24 | $1.8B | $782.3M | ||
| Q1 24 | $1.8B | $750.5M |
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | 46.95× | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | 5.38× | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.76× | — |
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 | $32.7M | $-3.5M |
| Free Cash FlowOCF − Capex | $32.6M | $-13.4M |
| FCF MarginFCF / Revenue | 31.0% | -15.1% |
| Capex IntensityCapex / Revenue | 0.1% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $-3.5M | ||
| Q3 25 | $8.0M | $18.2M | ||
| Q2 25 | $20.9M | $-7.9M | ||
| Q1 25 | $-2.9M | $29.7M | ||
| Q4 24 | $49.7M | $-532.0K | ||
| Q3 24 | $33.5M | $17.7M | ||
| Q2 24 | $16.2M | $533.0K | ||
| Q1 24 | $43.7M | $13.7M |
| Q4 25 | $32.6M | $-13.4M | ||
| Q3 25 | $7.9M | $-9.3M | ||
| Q2 25 | $20.8M | $-29.7M | ||
| Q1 25 | $-3.0M | $18.1M | ||
| Q4 24 | $49.2M | $-55.0M | ||
| Q3 24 | $33.3M | $-5.4M | ||
| Q2 24 | $16.1M | $-22.5M | ||
| Q1 24 | $43.3M | $-13.0M |
| Q4 25 | 31.0% | -15.1% | ||
| Q3 25 | 6.9% | -11.9% | ||
| Q2 25 | 19.6% | -38.4% | ||
| Q1 25 | -3.1% | 21.8% | ||
| Q4 24 | 48.9% | -73.8% | ||
| Q3 24 | 28.0% | -6.5% | ||
| Q2 24 | 15.5% | -32.2% | ||
| Q1 24 | 43.7% | -20.4% |
| Q4 25 | 0.1% | 11.1% | ||
| Q3 25 | 0.1% | 35.3% | ||
| Q2 25 | 0.1% | 28.2% | ||
| Q1 25 | 0.0% | 13.9% | ||
| Q4 24 | 0.4% | 73.1% | ||
| Q3 24 | 0.1% | 27.9% | ||
| Q2 24 | 0.1% | 32.9% | ||
| Q1 24 | 0.5% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 0.72× | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | -6.27× | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.26× | 1.03× | ||
| Q2 24 | 2.81× | 0.28× | ||
| Q1 24 | 5.64× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
