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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $88.4M, roughly 1.7× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 4.8%, a 13.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 18.7%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 16.9%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
OPAL vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $153.1M |
| Net Profit | $16.2M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 7.5% | 12.0% |
| Net Margin | 18.3% | 4.8% |
| Revenue YoY | 18.7% | 22.3% |
| Net Profit YoY | 401.5% | 8.5% |
| EPS (diluted) | $0.08 | $0.62 |
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 | $88.4M | $153.1M | ||
| Q3 25 | $77.9M | $138.0M | ||
| Q2 25 | $77.4M | $129.8M | ||
| Q1 25 | $83.0M | $122.8M | ||
| Q4 24 | $74.5M | $125.1M | ||
| Q3 24 | $82.6M | $124.8M | ||
| Q2 24 | $69.8M | $118.8M | ||
| Q1 24 | $64.0M | $111.9M |
| Q4 25 | $16.2M | $7.3M | ||
| Q3 25 | $11.4M | $2.3M | ||
| Q2 25 | $7.6M | $518.0K | ||
| Q1 25 | $1.3M | $4.8M | ||
| Q4 24 | $-5.4M | $6.8M | ||
| Q3 24 | $17.1M | $1.3M | ||
| Q2 24 | $1.9M | $6.0M | ||
| Q1 24 | $677.0K | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 7.5% | 12.0% | ||
| Q3 25 | 4.6% | 9.4% | ||
| Q2 25 | -1.1% | 7.3% | ||
| Q1 25 | -2.3% | 11.5% | ||
| Q4 24 | -0.5% | 12.7% | ||
| Q3 24 | 14.9% | 14.3% | ||
| Q2 24 | 8.1% | 12.5% | ||
| Q1 24 | 5.6% | 12.6% |
| Q4 25 | 18.3% | 4.8% | ||
| Q3 25 | 14.6% | 1.7% | ||
| Q2 25 | 9.8% | 0.4% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | -7.2% | 5.4% | ||
| Q3 24 | 20.7% | 1.0% | ||
| Q2 24 | 2.7% | 5.1% | ||
| Q1 24 | 1.1% | 4.9% |
| Q4 25 | $0.08 | $0.62 | ||
| Q3 25 | $0.05 | $0.19 | ||
| Q2 25 | $0.03 | $0.04 | ||
| Q1 25 | $-0.01 | $0.40 | ||
| Q4 24 | $-0.05 | $0.56 | ||
| Q3 24 | $0.09 | $0.11 | ||
| Q2 24 | $-0.01 | $0.51 | ||
| Q1 24 | $-0.01 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.4M | $21.7M |
| Total DebtLower is stronger | $361.3M | $286.7M |
| Stockholders' EquityBook value | $-12.9M | $-17.3M |
| Total Assets | $959.5M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $21.7M | ||
| Q3 25 | $29.9M | $16.0M | ||
| Q2 25 | $29.3M | $17.1M | ||
| Q1 25 | $40.1M | $31.5M | ||
| Q4 24 | $24.3M | $33.5M | ||
| Q3 24 | $31.0M | $14.7M | ||
| Q2 24 | $27.6M | $7.5M | ||
| Q1 24 | $34.2M | $17.1M |
| Q4 25 | $361.3M | $286.7M | ||
| Q3 25 | $351.2M | $308.4M | ||
| Q2 25 | $331.6M | $310.9M | ||
| Q1 25 | $307.0M | $280.7M | ||
| Q4 24 | $307.5M | $280.4M | ||
| Q3 24 | $252.9M | $280.2M | ||
| Q2 24 | $233.3M | $269.7M | ||
| Q1 24 | $208.7M | $265.3M |
| Q4 25 | $-12.9M | $-17.3M | ||
| Q3 25 | $7.5M | $-25.7M | ||
| Q2 25 | $-25.0M | $-29.0M | ||
| Q1 25 | $57.1M | $-29.7M | ||
| Q4 24 | $-148.4M | $-35.6M | ||
| Q3 24 | $-180.1M | $-42.8M | ||
| Q2 24 | $-273.0M | $-44.6M | ||
| Q1 24 | $-382.4M | $-48.5M |
| Q4 25 | $959.5M | $403.2M | ||
| Q3 25 | $916.7M | $407.1M | ||
| Q2 25 | $905.5M | $399.8M | ||
| Q1 25 | $884.9M | $351.9M | ||
| Q4 24 | $881.1M | $349.7M | ||
| Q3 24 | $831.1M | $342.3M | ||
| Q2 24 | $782.3M | $321.4M | ||
| Q1 24 | $750.5M | $319.8M |
| 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 | $-3.5M | $39.6M |
| Free Cash FlowOCF − Capex | $-13.4M | $35.2M |
| FCF MarginFCF / Revenue | -15.1% | 23.0% |
| Capex IntensityCapex / Revenue | 11.1% | 2.9% |
| Cash ConversionOCF / Net Profit | -0.22× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $39.6M | ||
| Q3 25 | $18.2M | $10.0M | ||
| Q2 25 | $-7.9M | $4.3M | ||
| Q1 25 | $29.7M | $5.6M | ||
| Q4 24 | $-532.0K | $26.7M | ||
| Q3 24 | $17.7M | $12.5M | ||
| Q2 24 | $533.0K | $-4.8M | ||
| Q1 24 | $13.7M | $8.9M |
| Q4 25 | $-13.4M | $35.2M | ||
| Q3 25 | $-9.3M | $5.3M | ||
| Q2 25 | $-29.7M | $533.0K | ||
| Q1 25 | $18.1M | $292.0K | ||
| Q4 24 | $-55.0M | $21.6M | ||
| Q3 24 | $-5.4M | $11.1M | ||
| Q2 24 | $-22.5M | $-6.0M | ||
| Q1 24 | $-13.0M | $7.4M |
| Q4 25 | -15.1% | 23.0% | ||
| Q3 25 | -11.9% | 3.8% | ||
| Q2 25 | -38.4% | 0.4% | ||
| Q1 25 | 21.8% | 0.2% | ||
| Q4 24 | -73.8% | 17.3% | ||
| Q3 24 | -6.5% | 8.9% | ||
| Q2 24 | -32.2% | -5.0% | ||
| Q1 24 | -20.4% | 6.6% |
| Q4 25 | 11.1% | 2.9% | ||
| Q3 25 | 35.3% | 3.4% | ||
| Q2 25 | 28.2% | 2.9% | ||
| Q1 25 | 13.9% | 4.3% | ||
| Q4 24 | 73.1% | 4.0% | ||
| Q3 24 | 27.9% | 1.2% | ||
| Q2 24 | 32.9% | 1.0% | ||
| Q1 24 | 41.8% | 1.3% |
| Q4 25 | -0.22× | 5.39× | ||
| Q3 25 | 1.60× | 4.32× | ||
| Q2 25 | -1.04× | 8.39× | ||
| Q1 25 | 23.11× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | 1.03× | 9.70× | ||
| Q2 24 | 0.28× | -0.79× | ||
| Q1 24 | 20.26× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
