vs

Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.

OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $59.1M, roughly 1.5× SHORE BANCSHARES INC). On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 11.8%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 11.3%).

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.

Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.

OPAL vs SHBI — Head-to-Head

Bigger by revenue
OPAL
OPAL
1.5× larger
OPAL
$88.4M
$59.1M
SHBI
Growing faster (revenue YoY)
OPAL
OPAL
+6.9% gap
OPAL
18.7%
11.8%
SHBI
More free cash flow
SHBI
SHBI
$72.6M more FCF
SHBI
$59.2M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
OPAL
OPAL
Annualised
OPAL
17.6%
11.3%
SHBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPAL
OPAL
SHBI
SHBI
Revenue
$88.4M
$59.1M
Net Profit
$16.2M
Gross Margin
Operating Margin
7.5%
35.2%
Net Margin
18.3%
Revenue YoY
18.7%
11.8%
Net Profit YoY
401.5%
EPS (diluted)
$0.08
$0.48

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
SHBI
SHBI
Q4 25
$88.4M
$59.1M
Q3 25
$77.9M
$56.4M
Q2 25
$77.4M
$56.6M
Q1 25
$83.0M
$53.0M
Q4 24
$74.5M
$52.9M
Q3 24
$82.6M
$50.5M
Q2 24
$69.8M
$50.6M
Q1 24
$64.0M
$47.7M
Net Profit
OPAL
OPAL
SHBI
SHBI
Q4 25
$16.2M
Q3 25
$11.4M
$14.3M
Q2 25
$7.6M
$15.5M
Q1 25
$1.3M
$13.8M
Q4 24
$-5.4M
Q3 24
$17.1M
$11.2M
Q2 24
$1.9M
$11.2M
Q1 24
$677.0K
$8.2M
Operating Margin
OPAL
OPAL
SHBI
SHBI
Q4 25
7.5%
35.2%
Q3 25
4.6%
33.7%
Q2 25
-1.1%
36.5%
Q1 25
-2.3%
34.4%
Q4 24
-0.5%
34.3%
Q3 24
14.9%
29.6%
Q2 24
8.1%
29.7%
Q1 24
5.6%
22.2%
Net Margin
OPAL
OPAL
SHBI
SHBI
Q4 25
18.3%
Q3 25
14.6%
25.5%
Q2 25
9.8%
27.4%
Q1 25
1.5%
26.0%
Q4 24
-7.2%
Q3 24
20.7%
22.1%
Q2 24
2.7%
22.2%
Q1 24
1.1%
17.2%
EPS (diluted)
OPAL
OPAL
SHBI
SHBI
Q4 25
$0.08
$0.48
Q3 25
$0.05
$0.43
Q2 25
$0.03
$0.46
Q1 25
$-0.01
$0.41
Q4 24
$-0.05
$0.39
Q3 24
$0.09
$0.34
Q2 24
$-0.01
$0.34
Q1 24
$-0.01
$0.25

Balance Sheet & Financial Strength

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

Metric
OPAL
OPAL
SHBI
SHBI
Cash + ST InvestmentsLiquidity on hand
$24.4M
$355.6M
Total DebtLower is stronger
$361.3M
$89.1M
Stockholders' EquityBook value
$-12.9M
$589.9M
Total Assets
$959.5M
$6.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAL
OPAL
SHBI
SHBI
Q4 25
$24.4M
$355.6M
Q3 25
$29.9M
$416.5M
Q2 25
$29.3M
$185.0M
Q1 25
$40.1M
$389.0M
Q4 24
$24.3M
$459.9M
Q3 24
$31.0M
$183.6M
Q2 24
$27.6M
$138.9M
Q1 24
$34.2M
$114.6M
Total Debt
OPAL
OPAL
SHBI
SHBI
Q4 25
$361.3M
$89.1M
Q3 25
$351.2M
$74.5M
Q2 25
$331.6M
$74.2M
Q1 25
$307.0M
$74.0M
Q4 24
$307.5M
$73.7M
Q3 24
$252.9M
$123.5M
Q2 24
$233.3M
$122.8M
Q1 24
$208.7M
$72.6M
Stockholders' Equity
OPAL
OPAL
SHBI
SHBI
Q4 25
$-12.9M
$589.9M
Q3 25
$7.5M
$577.2M
Q2 25
$-25.0M
$565.2M
Q1 25
$57.1M
$552.5M
Q4 24
$-148.4M
$541.1M
Q3 24
$-180.1M
$533.3M
Q2 24
$-273.0M
$522.8M
Q1 24
$-382.4M
$515.2M
Total Assets
OPAL
OPAL
SHBI
SHBI
Q4 25
$959.5M
$6.3B
Q3 25
$916.7M
$6.3B
Q2 25
$905.5M
$6.0B
Q1 25
$884.9M
$6.2B
Q4 24
$881.1M
$6.2B
Q3 24
$831.1M
$5.9B
Q2 24
$782.3M
$5.9B
Q1 24
$750.5M
$5.8B
Debt / Equity
OPAL
OPAL
SHBI
SHBI
Q4 25
0.15×
Q3 25
46.95×
0.13×
Q2 25
0.13×
Q1 25
5.38×
0.13×
Q4 24
0.14×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.14×

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
SHBI
SHBI
Operating Cash FlowLast quarter
$-3.5M
$62.4M
Free Cash FlowOCF − Capex
$-13.4M
$59.2M
FCF MarginFCF / Revenue
-15.1%
100.2%
Capex IntensityCapex / Revenue
11.1%
5.4%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$-34.2M
$110.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAL
OPAL
SHBI
SHBI
Q4 25
$-3.5M
$62.4M
Q3 25
$18.2M
$42.5M
Q2 25
$-7.9M
$-8.3M
Q1 25
$29.7M
$19.8M
Q4 24
$-532.0K
$46.9M
Q3 24
$17.7M
$9.1M
Q2 24
$533.0K
$3.0M
Q1 24
$13.7M
$2.4M
Free Cash Flow
OPAL
OPAL
SHBI
SHBI
Q4 25
$-13.4M
$59.2M
Q3 25
$-9.3M
$41.9M
Q2 25
$-29.7M
$-9.2M
Q1 25
$18.1M
$18.8M
Q4 24
$-55.0M
$41.7M
Q3 24
$-5.4M
$8.4M
Q2 24
$-22.5M
$1.4M
Q1 24
$-13.0M
$614.0K
FCF Margin
OPAL
OPAL
SHBI
SHBI
Q4 25
-15.1%
100.2%
Q3 25
-11.9%
74.3%
Q2 25
-38.4%
-16.3%
Q1 25
21.8%
35.4%
Q4 24
-73.8%
78.8%
Q3 24
-6.5%
16.7%
Q2 24
-32.2%
2.9%
Q1 24
-20.4%
1.3%
Capex Intensity
OPAL
OPAL
SHBI
SHBI
Q4 25
11.1%
5.4%
Q3 25
35.3%
1.0%
Q2 25
28.2%
1.6%
Q1 25
13.9%
1.9%
Q4 24
73.1%
9.9%
Q3 24
27.9%
1.2%
Q2 24
32.9%
3.1%
Q1 24
41.8%
3.7%
Cash Conversion
OPAL
OPAL
SHBI
SHBI
Q4 25
-0.22×
Q3 25
1.60×
2.96×
Q2 25
-1.04×
-0.54×
Q1 25
23.11×
1.44×
Q4 24
Q3 24
1.03×
0.81×
Q2 24
0.28×
0.27×
Q1 24
20.26×
0.29×

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%

SHBI
SHBI

Segment breakdown not available.

Related Comparisons