vs

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

OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $57.1M, roughly 1.5× REGIS CORP). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 0.8%, a 17.5% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs 18.7%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 7.8%).

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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

OPAL vs RGS — Head-to-Head

Bigger by revenue
OPAL
OPAL
1.5× larger
OPAL
$88.4M
$57.1M
RGS
Growing faster (revenue YoY)
RGS
RGS
+3.5% gap
RGS
22.3%
18.7%
OPAL
Higher net margin
OPAL
OPAL
17.5% more per $
OPAL
18.3%
0.8%
RGS
More free cash flow
RGS
RGS
$14.3M more FCF
RGS
$891.0K
$-13.4M
OPAL
Faster 2-yr revenue CAGR
OPAL
OPAL
Annualised
OPAL
17.6%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
OPAL
OPAL
RGS
RGS
Revenue
$88.4M
$57.1M
Net Profit
$16.2M
$456.0K
Gross Margin
Operating Margin
7.5%
10.8%
Net Margin
18.3%
0.8%
Revenue YoY
18.7%
22.3%
Net Profit YoY
401.5%
-94.0%
EPS (diluted)
$0.08
$0.16

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
RGS
RGS
Q4 25
$88.4M
$57.1M
Q3 25
$77.9M
$59.0M
Q2 25
$77.4M
$60.4M
Q1 25
$83.0M
$57.0M
Q4 24
$74.5M
$46.7M
Q3 24
$82.6M
$46.1M
Q2 24
$69.8M
$49.4M
Q1 24
$64.0M
$49.2M
Net Profit
OPAL
OPAL
RGS
RGS
Q4 25
$16.2M
$456.0K
Q3 25
$11.4M
$1.4M
Q2 25
$7.6M
$116.5M
Q1 25
$1.3M
$250.0K
Q4 24
$-5.4M
$7.6M
Q3 24
$17.1M
$-853.0K
Q2 24
$1.9M
$91.2M
Q1 24
$677.0K
$-2.3M
Operating Margin
OPAL
OPAL
RGS
RGS
Q4 25
7.5%
10.8%
Q3 25
4.6%
10.0%
Q2 25
-1.1%
12.1%
Q1 25
-2.3%
8.8%
Q4 24
-0.5%
11.8%
Q3 24
14.9%
4.6%
Q2 24
8.1%
Q1 24
5.6%
8.3%
Net Margin
OPAL
OPAL
RGS
RGS
Q4 25
18.3%
0.8%
Q3 25
14.6%
2.3%
Q2 25
9.8%
192.9%
Q1 25
1.5%
0.4%
Q4 24
-7.2%
16.4%
Q3 24
20.7%
-1.9%
Q2 24
2.7%
184.7%
Q1 24
1.1%
-4.7%
EPS (diluted)
OPAL
OPAL
RGS
RGS
Q4 25
$0.08
$0.16
Q3 25
$0.05
$0.49
Q2 25
$0.03
$43.67
Q1 25
$-0.01
$0.08
Q4 24
$-0.05
$2.71
Q3 24
$0.09
$-0.36
Q2 24
$-0.01
$38.40
Q1 24
$-0.01
$-1.00

Balance Sheet & Financial Strength

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

Metric
OPAL
OPAL
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$24.4M
$18.4M
Total DebtLower is stronger
$361.3M
$113.3M
Stockholders' EquityBook value
$-12.9M
$188.7M
Total Assets
$959.5M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAL
OPAL
RGS
RGS
Q4 25
$24.4M
$18.4M
Q3 25
$29.9M
$16.6M
Q2 25
$29.3M
$17.0M
Q1 25
$40.1M
$13.3M
Q4 24
$24.3M
$10.2M
Q3 24
$31.0M
$6.3M
Q2 24
$27.6M
$10.1M
Q1 24
$34.2M
$5.9M
Total Debt
OPAL
OPAL
RGS
RGS
Q4 25
$361.3M
$113.3M
Q3 25
$351.2M
$111.3M
Q2 25
$331.6M
$110.8M
Q1 25
$307.0M
$112.0M
Q4 24
$307.5M
$111.5M
Q3 24
$252.9M
$95.2M
Q2 24
$233.3M
$99.5M
Q1 24
$208.7M
$179.7M
Stockholders' Equity
OPAL
OPAL
RGS
RGS
Q4 25
$-12.9M
$188.7M
Q3 25
$7.5M
$187.6M
Q2 25
$-25.0M
$185.6M
Q1 25
$57.1M
$68.6M
Q4 24
$-148.4M
$66.7M
Q3 24
$-180.1M
$56.4M
Q2 24
$-273.0M
$56.8M
Q1 24
$-382.4M
$-35.8M
Total Assets
OPAL
OPAL
RGS
RGS
Q4 25
$959.5M
$588.3M
Q3 25
$916.7M
$592.1M
Q2 25
$905.5M
$599.0M
Q1 25
$884.9M
$511.2M
Q4 24
$881.1M
$530.1M
Q3 24
$831.1M
$508.9M
Q2 24
$782.3M
$530.5M
Q1 24
$750.5M
$543.7M
Debt / Equity
OPAL
OPAL
RGS
RGS
Q4 25
0.60×
Q3 25
46.95×
0.59×
Q2 25
0.60×
Q1 25
5.38×
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
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
RGS
RGS
Operating Cash FlowLast quarter
$-3.5M
$1.7M
Free Cash FlowOCF − Capex
$-13.4M
$891.0K
FCF MarginFCF / Revenue
-15.1%
1.6%
Capex IntensityCapex / Revenue
11.1%
1.4%
Cash ConversionOCF / Net Profit
-0.22×
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-34.2M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAL
OPAL
RGS
RGS
Q4 25
$-3.5M
$1.7M
Q3 25
$18.2M
$2.3M
Q2 25
$-7.9M
$6.8M
Q1 25
$29.7M
$6.2M
Q4 24
$-532.0K
$2.1M
Q3 24
$17.7M
$-1.3M
Q2 24
$533.0K
$5.1M
Q1 24
$13.7M
$-277.0K
Free Cash Flow
OPAL
OPAL
RGS
RGS
Q4 25
$-13.4M
$891.0K
Q3 25
$-9.3M
$1.9M
Q2 25
$-29.7M
$6.2M
Q1 25
$18.1M
$5.9M
Q4 24
$-55.0M
$1.7M
Q3 24
$-5.4M
$-1.4M
Q2 24
$-22.5M
$5.1M
Q1 24
$-13.0M
$-326.0K
FCF Margin
OPAL
OPAL
RGS
RGS
Q4 25
-15.1%
1.6%
Q3 25
-11.9%
3.2%
Q2 25
-38.4%
10.3%
Q1 25
21.8%
10.3%
Q4 24
-73.8%
3.6%
Q3 24
-6.5%
-3.0%
Q2 24
-32.2%
10.3%
Q1 24
-20.4%
-0.7%
Capex Intensity
OPAL
OPAL
RGS
RGS
Q4 25
11.1%
1.4%
Q3 25
35.3%
0.7%
Q2 25
28.2%
0.9%
Q1 25
13.9%
0.6%
Q4 24
73.1%
0.9%
Q3 24
27.9%
0.0%
Q2 24
32.9%
0.0%
Q1 24
41.8%
0.1%
Cash Conversion
OPAL
OPAL
RGS
RGS
Q4 25
-0.22×
3.65×
Q3 25
1.60×
1.68×
Q2 25
-1.04×
0.06×
Q1 25
23.11×
24.80×
Q4 24
0.28×
Q3 24
1.03×
Q2 24
0.28×
0.06×
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%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

Related Comparisons