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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $50.3M, roughly 1.8× READING INTERNATIONAL INC). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -5.1%, a 23.4% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
OPAL vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $50.3M |
| Net Profit | $16.2M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | -1.9% |
| Net Margin | 18.3% | -5.1% |
| Revenue YoY | 18.7% | -14.2% |
| Net Profit YoY | 401.5% | -14.5% |
| EPS (diluted) | $0.08 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $77.9M | $52.2M | ||
| Q2 25 | $77.4M | $60.4M | ||
| Q1 25 | $83.0M | $40.2M | ||
| Q4 24 | $74.5M | $58.6M | ||
| Q3 24 | $82.6M | $60.1M | ||
| Q2 24 | $69.8M | $46.8M | ||
| Q1 24 | $64.0M | $45.1M |
| Q4 25 | $16.2M | $-2.6M | ||
| Q3 25 | $11.4M | $-4.2M | ||
| Q2 25 | $7.6M | $-2.7M | ||
| Q1 25 | $1.3M | $-4.8M | ||
| Q4 24 | $-5.4M | $-2.2M | ||
| Q3 24 | $17.1M | $-7.0M | ||
| Q2 24 | $1.9M | $-12.8M | ||
| Q1 24 | $677.0K | $-13.2M |
| Q4 25 | 7.5% | -1.9% | ||
| Q3 25 | 4.6% | -0.6% | ||
| Q2 25 | -1.1% | 4.8% | ||
| Q1 25 | -2.3% | -17.2% | ||
| Q4 24 | -0.5% | 2.6% | ||
| Q3 24 | 14.9% | -0.6% | ||
| Q2 24 | 8.1% | -16.4% | ||
| Q1 24 | 5.6% | -16.7% |
| Q4 25 | 18.3% | -5.1% | ||
| Q3 25 | 14.6% | -8.0% | ||
| Q2 25 | 9.8% | -4.4% | ||
| Q1 25 | 1.5% | -11.8% | ||
| Q4 24 | -7.2% | -3.8% | ||
| Q3 24 | 20.7% | -11.7% | ||
| Q2 24 | 2.7% | -27.4% | ||
| Q1 24 | 1.1% | -29.4% |
| Q4 25 | $0.08 | $-0.11 | ||
| Q3 25 | $0.05 | $-0.18 | ||
| Q2 25 | $0.03 | $-0.12 | ||
| Q1 25 | $-0.01 | $-0.21 | ||
| Q4 24 | $-0.05 | $-0.11 | ||
| Q3 24 | $0.09 | $-0.31 | ||
| Q2 24 | $-0.01 | $-0.57 | ||
| Q1 24 | $-0.01 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $361.3M | $185.1M |
| Stockholders' EquityBook value | $-12.9M | $-18.2M |
| Total Assets | $959.5M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $10.5M | ||
| Q3 25 | $29.9M | $8.1M | ||
| Q2 25 | $29.3M | $9.1M | ||
| Q1 25 | $40.1M | $5.9M | ||
| Q4 24 | $24.3M | $12.4M | ||
| Q3 24 | $31.0M | $10.1M | ||
| Q2 24 | $27.6M | $9.3M | ||
| Q1 24 | $34.2M | $7.5M |
| Q4 25 | $361.3M | $185.1M | ||
| Q3 25 | $351.2M | — | ||
| Q2 25 | $331.6M | — | ||
| Q1 25 | $307.0M | — | ||
| Q4 24 | $307.5M | $202.7M | ||
| Q3 24 | $252.9M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $208.7M | — |
| Q4 25 | $-12.9M | $-18.2M | ||
| Q3 25 | $7.5M | $-12.1M | ||
| Q2 25 | $-25.0M | $-7.7M | ||
| Q1 25 | $57.1M | $-8.1M | ||
| Q4 24 | $-148.4M | $-4.4M | ||
| Q3 24 | $-180.1M | $1.6M | ||
| Q2 24 | $-273.0M | $6.5M | ||
| Q1 24 | $-382.4M | $18.0M |
| Q4 25 | $959.5M | $434.9M | ||
| Q3 25 | $916.7M | $435.2M | ||
| Q2 25 | $905.5M | $438.1M | ||
| Q1 25 | $884.9M | $441.0M | ||
| Q4 24 | $881.1M | $471.0M | ||
| Q3 24 | $831.1M | $495.7M | ||
| Q2 24 | $782.3M | $494.9M | ||
| Q1 24 | $750.5M | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | $-13.4M | $4.1M |
| FCF MarginFCF / Revenue | -15.1% | 8.2% |
| Capex IntensityCapex / Revenue | 11.1% | 0.3% |
| Cash ConversionOCF / Net Profit | -0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $4.3M | ||
| Q3 25 | $18.2M | $295.0K | ||
| Q2 25 | $-7.9M | $1.6M | ||
| Q1 25 | $29.7M | $-7.7M | ||
| Q4 24 | $-532.0K | $8.0M | ||
| Q3 24 | $17.7M | $1.3M | ||
| Q2 24 | $533.0K | $-10.4M | ||
| Q1 24 | $13.7M | $-2.8M |
| Q4 25 | $-13.4M | $4.1M | ||
| Q3 25 | $-9.3M | $-246.0K | ||
| Q2 25 | $-29.7M | $1.2M | ||
| Q1 25 | $18.1M | $-8.0M | ||
| Q4 24 | $-55.0M | $7.0M | ||
| Q3 24 | $-5.4M | $-1.1M | ||
| Q2 24 | $-22.5M | $-10.6M | ||
| Q1 24 | $-13.0M | $-4.7M |
| Q4 25 | -15.1% | 8.2% | ||
| Q3 25 | -11.9% | -0.5% | ||
| Q2 25 | -38.4% | 1.9% | ||
| Q1 25 | 21.8% | -19.8% | ||
| Q4 24 | -73.8% | 12.0% | ||
| Q3 24 | -6.5% | -1.8% | ||
| Q2 24 | -32.2% | -22.7% | ||
| Q1 24 | -20.4% | -10.4% |
| Q4 25 | 11.1% | 0.3% | ||
| Q3 25 | 35.3% | 1.0% | ||
| Q2 25 | 28.2% | 0.6% | ||
| Q1 25 | 13.9% | 0.6% | ||
| Q4 24 | 73.1% | 1.7% | ||
| Q3 24 | 27.9% | 4.0% | ||
| Q2 24 | 32.9% | 0.5% | ||
| Q1 24 | 41.8% | 4.3% |
| 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
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
