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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and QUHUO Ltd (QH). Click either name above to swap in a different company.

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $88.4M, roughly 1.8× OPAL Fuels Inc.).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

OPAL vs QH — Head-to-Head

Bigger by revenue
QH
QH
1.8× larger
QH
$157.9M
$88.4M
OPAL

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
OPAL
OPAL
QH
QH
Revenue
$88.4M
$157.9M
Net Profit
$16.2M
Gross Margin
Operating Margin
7.5%
Net Margin
18.3%
Revenue YoY
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
OPAL
OPAL
QH
QH
Q4 25
$88.4M
Q3 25
$77.9M
Q2 25
$77.4M
$157.9M
Q1 25
$83.0M
Q4 24
$74.5M
Q3 24
$82.6M
Q2 24
$69.8M
$222.9M
Q1 24
$64.0M
Net Profit
OPAL
OPAL
QH
QH
Q4 25
$16.2M
Q3 25
$11.4M
Q2 25
$7.6M
Q1 25
$1.3M
Q4 24
$-5.4M
Q3 24
$17.1M
Q2 24
$1.9M
$-6.4M
Q1 24
$677.0K
Gross Margin
OPAL
OPAL
QH
QH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.5%
Q1 24
Operating Margin
OPAL
OPAL
QH
QH
Q4 25
7.5%
Q3 25
4.6%
Q2 25
-1.1%
Q1 25
-2.3%
Q4 24
-0.5%
Q3 24
14.9%
Q2 24
8.1%
-2.7%
Q1 24
5.6%
Net Margin
OPAL
OPAL
QH
QH
Q4 25
18.3%
Q3 25
14.6%
Q2 25
9.8%
Q1 25
1.5%
Q4 24
-7.2%
Q3 24
20.7%
Q2 24
2.7%
-2.9%
Q1 24
1.1%
EPS (diluted)
OPAL
OPAL
QH
QH
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
OPAL
OPAL
QH
QH
Cash + ST InvestmentsLiquidity on hand
$24.4M
$4.3M
Total DebtLower is stronger
$361.3M
$858.0K
Stockholders' EquityBook value
$-12.9M
$57.4M
Total Assets
$959.5M
$118.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAL
OPAL
QH
QH
Q4 25
$24.4M
Q3 25
$29.9M
Q2 25
$29.3M
$4.3M
Q1 25
$40.1M
Q4 24
$24.3M
Q3 24
$31.0M
Q2 24
$27.6M
$14.3M
Q1 24
$34.2M
Total Debt
OPAL
OPAL
QH
QH
Q4 25
$361.3M
Q3 25
$351.2M
Q2 25
$331.6M
$858.0K
Q1 25
$307.0M
Q4 24
$307.5M
Q3 24
$252.9M
Q2 24
$233.3M
$1.2M
Q1 24
$208.7M
Stockholders' Equity
OPAL
OPAL
QH
QH
Q4 25
$-12.9M
Q3 25
$7.5M
Q2 25
$-25.0M
$57.4M
Q1 25
$57.1M
Q4 24
$-148.4M
Q3 24
$-180.1M
Q2 24
$-273.0M
$64.6M
Q1 24
$-382.4M
Total Assets
OPAL
OPAL
QH
QH
Q4 25
$959.5M
Q3 25
$916.7M
Q2 25
$905.5M
$118.4M
Q1 25
$884.9M
Q4 24
$881.1M
Q3 24
$831.1M
Q2 24
$782.3M
$135.0M
Q1 24
$750.5M
Debt / Equity
OPAL
OPAL
QH
QH
Q4 25
Q3 25
46.95×
Q2 25
0.01×
Q1 25
5.38×
Q4 24
Q3 24
Q2 24
0.02×
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
OPAL
OPAL
QH
QH
Operating Cash FlowLast quarter
$-3.5M
$-5.8M
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.

Operating Cash Flow
OPAL
OPAL
QH
QH
Q4 25
$-3.5M
Q3 25
$18.2M
Q2 25
$-7.9M
$-5.8M
Q1 25
$29.7M
Q4 24
$-532.0K
Q3 24
$17.7M
Q2 24
$533.0K
Q1 24
$13.7M
Free Cash Flow
OPAL
OPAL
QH
QH
Q4 25
$-13.4M
Q3 25
$-9.3M
Q2 25
$-29.7M
Q1 25
$18.1M
Q4 24
$-55.0M
Q3 24
$-5.4M
Q2 24
$-22.5M
Q1 24
$-13.0M
FCF Margin
OPAL
OPAL
QH
QH
Q4 25
-15.1%
Q3 25
-11.9%
Q2 25
-38.4%
Q1 25
21.8%
Q4 24
-73.8%
Q3 24
-6.5%
Q2 24
-32.2%
Q1 24
-20.4%
Capex Intensity
OPAL
OPAL
QH
QH
Q4 25
11.1%
Q3 25
35.3%
Q2 25
28.2%
Q1 25
13.9%
Q4 24
73.1%
Q3 24
27.9%
Q2 24
32.9%
Q1 24
41.8%
Cash Conversion
OPAL
OPAL
QH
QH
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×
Q1 24
20.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPAL
OPAL

Fuel Station Services Segment$65.1M74%
Related Party$12.1M14%
Renewable Power Segment$8.6M10%
Other$2.6M3%

QH
QH

Segment breakdown not available.

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