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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M vs $88.4M, roughly 1.7× OPAL Fuels Inc.). On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 5.1%).

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.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

OPAL vs RGR — Head-to-Head

Bigger by revenue
RGR
RGR
1.7× larger
RGR
$151.1M
$88.4M
OPAL
Growing faster (revenue YoY)
OPAL
OPAL
+15.1% gap
OPAL
18.7%
3.6%
RGR
More free cash flow
RGR
RGR
$25.7M more FCF
RGR
$12.3M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
OPAL
OPAL
Annualised
OPAL
17.6%
5.1%
RGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPAL
OPAL
RGR
RGR
Revenue
$88.4M
$151.1M
Net Profit
$16.2M
Gross Margin
17.8%
Operating Margin
7.5%
2.3%
Net Margin
18.3%
Revenue YoY
18.7%
3.6%
Net Profit YoY
401.5%
EPS (diluted)
$0.08
$0.22

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
RGR
RGR
Q4 25
$88.4M
$151.1M
Q3 25
$77.9M
$126.8M
Q2 25
$77.4M
$132.5M
Q1 25
$83.0M
$135.7M
Q4 24
$74.5M
$145.8M
Q3 24
$82.6M
$122.3M
Q2 24
$69.8M
$130.8M
Q1 24
$64.0M
$136.8M
Net Profit
OPAL
OPAL
RGR
RGR
Q4 25
$16.2M
Q3 25
$11.4M
$1.6M
Q2 25
$7.6M
$-17.2M
Q1 25
$1.3M
$7.8M
Q4 24
$-5.4M
Q3 24
$17.1M
$4.7M
Q2 24
$1.9M
$8.3M
Q1 24
$677.0K
$7.1M
Gross Margin
OPAL
OPAL
RGR
RGR
Q4 25
17.8%
Q3 25
15.1%
Q2 25
3.9%
Q1 25
22.0%
Q4 24
22.8%
Q3 24
18.5%
Q2 24
22.3%
Q1 24
21.5%
Operating Margin
OPAL
OPAL
RGR
RGR
Q4 25
7.5%
2.3%
Q3 25
4.6%
-2.7%
Q2 25
-1.1%
-15.6%
Q1 25
-2.3%
6.2%
Q4 24
-0.5%
7.8%
Q3 24
14.9%
3.1%
Q2 24
8.1%
6.9%
Q1 24
5.6%
5.5%
Net Margin
OPAL
OPAL
RGR
RGR
Q4 25
18.3%
Q3 25
14.6%
1.2%
Q2 25
9.8%
-13.0%
Q1 25
1.5%
5.7%
Q4 24
-7.2%
Q3 24
20.7%
3.9%
Q2 24
2.7%
6.3%
Q1 24
1.1%
5.2%
EPS (diluted)
OPAL
OPAL
RGR
RGR
Q4 25
$0.08
$0.22
Q3 25
$0.05
$0.10
Q2 25
$0.03
$-1.05
Q1 25
$-0.01
$0.46
Q4 24
$-0.05
$0.62
Q3 24
$0.09
$0.28
Q2 24
$-0.01
$0.47
Q1 24
$-0.01
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPAL
OPAL
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$24.4M
$92.5M
Total DebtLower is stronger
$361.3M
Stockholders' EquityBook value
$-12.9M
$283.8M
Total Assets
$959.5M
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAL
OPAL
RGR
RGR
Q4 25
$24.4M
$92.5M
Q3 25
$29.9M
$80.8M
Q2 25
$29.3M
$101.4M
Q1 25
$40.1M
$108.3M
Q4 24
$24.3M
$105.5M
Q3 24
$31.0M
$96.0M
Q2 24
$27.6M
$105.6M
Q1 24
$34.2M
$115.3M
Total Debt
OPAL
OPAL
RGR
RGR
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
Stockholders' Equity
OPAL
OPAL
RGR
RGR
Q4 25
$-12.9M
$283.8M
Q3 25
$7.5M
$279.6M
Q2 25
$-25.0M
$289.3M
Q1 25
$57.1M
$321.5M
Q4 24
$-148.4M
$319.6M
Q3 24
$-180.1M
$314.9M
Q2 24
$-273.0M
$321.5M
Q1 24
$-382.4M
$332.0M
Total Assets
OPAL
OPAL
RGR
RGR
Q4 25
$959.5M
$342.0M
Q3 25
$916.7M
$342.3M
Q2 25
$905.5M
$349.5M
Q1 25
$884.9M
$379.0M
Q4 24
$881.1M
$384.0M
Q3 24
$831.1M
$373.5M
Q2 24
$782.3M
$376.7M
Q1 24
$750.5M
$385.0M
Debt / Equity
OPAL
OPAL
RGR
RGR
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
OPAL
OPAL
RGR
RGR
Operating Cash FlowLast quarter
$-3.5M
$15.5M
Free Cash FlowOCF − Capex
$-13.4M
$12.3M
FCF MarginFCF / Revenue
-15.1%
8.2%
Capex IntensityCapex / Revenue
11.1%
2.1%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$-34.2M
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAL
OPAL
RGR
RGR
Q4 25
$-3.5M
$15.5M
Q3 25
$18.2M
$12.9M
Q2 25
$-7.9M
$14.7M
Q1 25
$29.7M
$11.1M
Q4 24
$-532.0K
$20.0M
Q3 24
$17.7M
$9.4M
Q2 24
$533.0K
$18.7M
Q1 24
$13.7M
$7.3M
Free Cash Flow
OPAL
OPAL
RGR
RGR
Q4 25
$-13.4M
$12.3M
Q3 25
$-9.3M
$7.0M
Q2 25
$-29.7M
$9.1M
Q1 25
$18.1M
$10.0M
Q4 24
$-55.0M
$16.4M
Q3 24
$-5.4M
$2.6M
Q2 24
$-22.5M
$10.1M
Q1 24
$-13.0M
$5.6M
FCF Margin
OPAL
OPAL
RGR
RGR
Q4 25
-15.1%
8.2%
Q3 25
-11.9%
5.5%
Q2 25
-38.4%
6.9%
Q1 25
21.8%
7.4%
Q4 24
-73.8%
11.2%
Q3 24
-6.5%
2.1%
Q2 24
-32.2%
7.7%
Q1 24
-20.4%
4.1%
Capex Intensity
OPAL
OPAL
RGR
RGR
Q4 25
11.1%
2.1%
Q3 25
35.3%
4.6%
Q2 25
28.2%
4.2%
Q1 25
13.9%
0.8%
Q4 24
73.1%
2.5%
Q3 24
27.9%
5.5%
Q2 24
32.9%
6.6%
Q1 24
41.8%
1.3%
Cash Conversion
OPAL
OPAL
RGR
RGR
Q4 25
-0.22×
Q3 25
1.60×
8.15×
Q2 25
-1.04×
Q1 25
23.11×
1.43×
Q4 24
Q3 24
1.03×
1.98×
Q2 24
0.28×
2.27×
Q1 24
20.26×
1.04×

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%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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