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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $53.8M, roughly 1.6× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs 18.3%, a 7.1% gap on every dollar of revenue. Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 15.4%).
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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
OPAL vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $53.8M |
| Net Profit | $16.2M | $13.7M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | — |
| Net Margin | 18.3% | 25.4% |
| Revenue YoY | 18.7% | — |
| Net Profit YoY | 401.5% | 21.6% |
| EPS (diluted) | $0.08 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $88.4M | $53.3M | ||
| Q3 25 | $77.9M | $51.1M | ||
| Q2 25 | $77.4M | $49.2M | ||
| Q1 25 | $83.0M | $46.8M | ||
| Q4 24 | $74.5M | $46.8M | ||
| Q3 24 | $82.6M | $44.2M | ||
| Q2 24 | $69.8M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $16.2M | $13.7M | ||
| Q3 25 | $11.4M | $13.7M | ||
| Q2 25 | $7.6M | $11.7M | ||
| Q1 25 | $1.3M | $11.3M | ||
| Q4 24 | $-5.4M | $9.6M | ||
| Q3 24 | $17.1M | $9.1M | ||
| Q2 24 | $1.9M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 31.3% | ||
| Q3 25 | 4.6% | 33.2% | ||
| Q2 25 | -1.1% | 29.0% | ||
| Q1 25 | -2.3% | 29.0% | ||
| Q4 24 | -0.5% | 26.5% | ||
| Q3 24 | 14.9% | 24.3% | ||
| Q2 24 | 8.1% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | 18.3% | 25.7% | ||
| Q3 25 | 14.6% | 26.8% | ||
| Q2 25 | 9.8% | 23.8% | ||
| Q1 25 | 1.5% | 24.0% | ||
| Q4 24 | -7.2% | 20.6% | ||
| Q3 24 | 20.7% | 20.7% | ||
| Q2 24 | 2.7% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $0.08 | $0.81 | ||
| Q3 25 | $0.05 | $0.81 | ||
| Q2 25 | $0.03 | $0.69 | ||
| Q1 25 | $-0.01 | $0.67 | ||
| Q4 24 | $-0.05 | $0.57 | ||
| Q3 24 | $0.09 | $0.54 | ||
| Q2 24 | $-0.01 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $361.3M | — |
| Stockholders' EquityBook value | $-12.9M | $562.2M |
| Total Assets | $959.5M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $24.4M | $464.4M | ||
| Q3 25 | $29.9M | $557.1M | ||
| Q2 25 | $29.3M | $365.1M | ||
| Q1 25 | $40.1M | $423.0M | ||
| Q4 24 | $24.3M | $387.6M | ||
| Q3 24 | $31.0M | $192.9M | ||
| Q2 24 | $27.6M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $361.3M | — | ||
| Q3 25 | $351.2M | $1.3M | ||
| Q2 25 | $331.6M | $7.0M | ||
| Q1 25 | $307.0M | $7.6M | ||
| Q4 24 | $307.5M | $8.1M | ||
| Q3 24 | $252.9M | $9.0M | ||
| Q2 24 | $233.3M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $-12.9M | $552.4M | ||
| Q3 25 | $7.5M | $538.4M | ||
| Q2 25 | $-25.0M | $519.0M | ||
| Q1 25 | $57.1M | $505.8M | ||
| Q4 24 | $-148.4M | $491.3M | ||
| Q3 24 | $-180.1M | $489.0M | ||
| Q2 24 | $-273.0M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $959.5M | $5.9B | ||
| Q3 25 | $916.7M | $5.8B | ||
| Q2 25 | $905.5M | $5.5B | ||
| Q1 25 | $884.9M | $5.4B | ||
| Q4 24 | $881.1M | $5.3B | ||
| Q3 24 | $831.1M | $4.9B | ||
| Q2 24 | $782.3M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.95× | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | 5.38× | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | — |
| Free Cash FlowOCF − Capex | $-13.4M | — |
| FCF MarginFCF / Revenue | -15.1% | — |
| Capex IntensityCapex / Revenue | 11.1% | — |
| Cash ConversionOCF / Net Profit | -0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $61.7M | ||
| Q3 25 | $18.2M | $16.9M | ||
| Q2 25 | $-7.9M | $14.0M | ||
| Q1 25 | $29.7M | $14.3M | ||
| Q4 24 | $-532.0K | $52.7M | ||
| Q3 24 | $17.7M | $12.4M | ||
| Q2 24 | $533.0K | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.4M | $59.3M | ||
| Q3 25 | $-9.3M | $16.6M | ||
| Q2 25 | $-29.7M | $13.2M | ||
| Q1 25 | $18.1M | $13.4M | ||
| Q4 24 | $-55.0M | $46.3M | ||
| Q3 24 | $-5.4M | $11.3M | ||
| Q2 24 | $-22.5M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -15.1% | 111.3% | ||
| Q3 25 | -11.9% | 32.4% | ||
| Q2 25 | -38.4% | 26.9% | ||
| Q1 25 | 21.8% | 28.5% | ||
| Q4 24 | -73.8% | 98.9% | ||
| Q3 24 | -6.5% | 25.7% | ||
| Q2 24 | -32.2% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 4.5% | ||
| Q3 25 | 35.3% | 0.6% | ||
| Q2 25 | 28.2% | 1.6% | ||
| Q1 25 | 13.9% | 2.0% | ||
| Q4 24 | 73.1% | 13.7% | ||
| Q3 24 | 27.9% | 2.4% | ||
| Q2 24 | 32.9% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | -0.22× | 4.50× | ||
| Q3 25 | 1.60× | 1.23× | ||
| Q2 25 | -1.04× | 1.20× | ||
| Q1 25 | 23.11× | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | 1.03× | 1.36× | ||
| Q2 24 | 0.28× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
