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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 2.0%, a 16.3% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
OPAL vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $71.1M |
| Net Profit | $16.2M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | 13.1% |
| Net Margin | 18.3% | 2.0% |
| Revenue YoY | 18.7% | -1.8% |
| Net Profit YoY | 401.5% | -75.2% |
| 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.
| Q4 25 | $88.4M | $71.1M | ||
| Q3 25 | $77.9M | $73.2M | ||
| Q2 25 | $77.4M | $72.8M | ||
| Q1 25 | $83.0M | $74.5M | ||
| Q4 24 | $74.5M | $72.5M | ||
| Q3 24 | $82.6M | $78.5M | ||
| Q2 24 | $69.8M | $78.5M | ||
| Q1 24 | $64.0M | $78.3M |
| Q4 25 | $16.2M | $1.4M | ||
| Q3 25 | $11.4M | $4.0M | ||
| Q2 25 | $7.6M | $4.7M | ||
| Q1 25 | $1.3M | $-2.0M | ||
| Q4 24 | $-5.4M | $5.8M | ||
| Q3 24 | $17.1M | $966.0K | ||
| Q2 24 | $1.9M | $3.7M | ||
| Q1 24 | $677.0K | $-3.4M |
| Q4 25 | 7.5% | 13.1% | ||
| Q3 25 | 4.6% | 25.0% | ||
| Q2 25 | -1.1% | 19.3% | ||
| Q1 25 | -2.3% | 7.2% | ||
| Q4 24 | -0.5% | 5.9% | ||
| Q3 24 | 14.9% | 19.4% | ||
| Q2 24 | 8.1% | 20.6% | ||
| Q1 24 | 5.6% | 5.8% |
| Q4 25 | 18.3% | 2.0% | ||
| Q3 25 | 14.6% | 5.4% | ||
| Q2 25 | 9.8% | 6.4% | ||
| Q1 25 | 1.5% | -2.6% | ||
| Q4 24 | -7.2% | 8.0% | ||
| Q3 24 | 20.7% | 1.2% | ||
| Q2 24 | 2.7% | 4.7% | ||
| Q1 24 | 1.1% | -4.3% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.4M | $118.7M |
| Total DebtLower is stronger | $361.3M | $432.2M |
| Stockholders' EquityBook value | $-12.9M | $452.4M |
| Total Assets | $959.5M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $118.7M | ||
| Q3 25 | $29.9M | $107.5M | ||
| Q2 25 | $29.3M | $94.3M | ||
| Q1 25 | $40.1M | $89.1M | ||
| Q4 24 | $24.3M | $96.6M | ||
| Q3 24 | $31.0M | $83.8M | ||
| Q2 24 | $27.6M | $66.1M | ||
| Q1 24 | $34.2M | $82.1M |
| Q4 25 | $361.3M | $432.2M | ||
| Q3 25 | $351.2M | $433.3M | ||
| Q2 25 | $331.6M | $434.4M | ||
| Q1 25 | $307.0M | $435.3M | ||
| Q4 24 | $307.5M | $436.2M | ||
| Q3 24 | $252.9M | $437.2M | ||
| Q2 24 | $233.3M | $438.1M | ||
| Q1 24 | $208.7M | $439.0M |
| Q4 25 | $-12.9M | $452.4M | ||
| Q3 25 | $7.5M | $448.1M | ||
| Q2 25 | $-25.0M | $442.4M | ||
| Q1 25 | $57.1M | $433.5M | ||
| Q4 24 | $-148.4M | $429.5M | ||
| Q3 24 | $-180.1M | $423.1M | ||
| Q2 24 | $-273.0M | $418.4M | ||
| Q1 24 | $-382.4M | $412.0M |
| Q4 25 | $959.5M | $582.5M | ||
| Q3 25 | $916.7M | $582.2M | ||
| Q2 25 | $905.5M | $574.8M | ||
| Q1 25 | $884.9M | $571.4M | ||
| Q4 24 | $881.1M | $581.6M | ||
| Q3 24 | $831.1M | $578.6M | ||
| Q2 24 | $782.3M | $571.4M | ||
| Q1 24 | $750.5M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | 46.95× | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | 5.38× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-13.4M | $33.5M |
| FCF MarginFCF / Revenue | -15.1% | 47.1% |
| Capex IntensityCapex / Revenue | 11.1% | 10.4% |
| Cash ConversionOCF / Net Profit | -0.22× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $40.9M | ||
| Q3 25 | $18.2M | $17.7M | ||
| Q2 25 | $-7.9M | $4.6M | ||
| Q1 25 | $29.7M | $5.7M | ||
| Q4 24 | $-532.0K | $59.7M | ||
| Q3 24 | $17.7M | $17.6M | ||
| Q2 24 | $533.0K | $15.9M | ||
| Q1 24 | $13.7M | $9.4M |
| Q4 25 | $-13.4M | $33.5M | ||
| Q3 25 | $-9.3M | $16.4M | ||
| Q2 25 | $-29.7M | $2.9M | ||
| Q1 25 | $18.1M | $4.0M | ||
| Q4 24 | $-55.0M | $53.0M | ||
| Q3 24 | $-5.4M | $16.3M | ||
| Q2 24 | $-22.5M | $14.0M | ||
| Q1 24 | $-13.0M | $6.8M |
| Q4 25 | -15.1% | 47.1% | ||
| Q3 25 | -11.9% | 22.4% | ||
| Q2 25 | -38.4% | 4.0% | ||
| Q1 25 | 21.8% | 5.3% | ||
| Q4 24 | -73.8% | 73.2% | ||
| Q3 24 | -6.5% | 20.8% | ||
| Q2 24 | -32.2% | 17.8% | ||
| Q1 24 | -20.4% | 8.6% |
| Q4 25 | 11.1% | 10.4% | ||
| Q3 25 | 35.3% | 1.8% | ||
| Q2 25 | 28.2% | 2.2% | ||
| Q1 25 | 13.9% | 2.3% | ||
| Q4 24 | 73.1% | 9.1% | ||
| Q3 24 | 27.9% | 1.7% | ||
| Q2 24 | 32.9% | 2.4% | ||
| Q1 24 | 41.8% | 3.3% |
| Q4 25 | -0.22× | 28.39× | ||
| Q3 25 | 1.60× | 4.45× | ||
| Q2 25 | -1.04× | 0.97× | ||
| Q1 25 | 23.11× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1.03× | 18.22× | ||
| Q2 24 | 0.28× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
