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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

SONIDA SENIOR LIVING, INC. is the larger business by last-quarter revenue ($97.7M vs $88.4M, roughly 1.1× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -30.5%, a 48.8% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 6.2%). SONIDA SENIOR LIVING, INC. produced more free cash flow last quarter ($-9.3M vs $-13.4M). Over the past eight quarters, SONIDA SENIOR LIVING, INC.'s revenue compounded faster (20.3% CAGR vs 17.6%).

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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

OPAL vs SNDA — Head-to-Head

Bigger by revenue
SNDA
SNDA
1.1× larger
SNDA
$97.7M
$88.4M
OPAL
Growing faster (revenue YoY)
OPAL
OPAL
+12.5% gap
OPAL
18.7%
6.2%
SNDA
Higher net margin
OPAL
OPAL
48.8% more per $
OPAL
18.3%
-30.5%
SNDA
More free cash flow
SNDA
SNDA
$4.1M more FCF
SNDA
$-9.3M
$-13.4M
OPAL
Faster 2-yr revenue CAGR
SNDA
SNDA
Annualised
SNDA
20.3%
17.6%
OPAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPAL
OPAL
SNDA
SNDA
Revenue
$88.4M
$97.7M
Net Profit
$16.2M
$-29.8M
Gross Margin
Operating Margin
7.5%
-30.8%
Net Margin
18.3%
-30.5%
Revenue YoY
18.7%
6.2%
Net Profit YoY
401.5%
-441.0%
EPS (diluted)
$0.08
$-1.73

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
SNDA
SNDA
Q4 25
$88.4M
$97.7M
Q3 25
$77.9M
$98.0M
Q2 25
$77.4M
$93.5M
Q1 25
$83.0M
$91.9M
Q4 24
$74.5M
$91.9M
Q3 24
$82.6M
$74.8M
Q2 24
$69.8M
$70.2M
Q1 24
$64.0M
$67.4M
Net Profit
OPAL
OPAL
SNDA
SNDA
Q4 25
$16.2M
$-29.8M
Q3 25
$11.4M
$-26.9M
Q2 25
$7.6M
$-1.6M
Q1 25
$1.3M
$-12.5M
Q4 24
$-5.4M
$-5.5M
Q3 24
$17.1M
$-13.8M
Q2 24
$1.9M
$-9.8M
Q1 24
$677.0K
$27.0M
Operating Margin
OPAL
OPAL
SNDA
SNDA
Q4 25
7.5%
-30.8%
Q3 25
4.6%
-27.8%
Q2 25
-1.1%
-2.0%
Q1 25
-2.3%
21.9%
Q4 24
-0.5%
-6.7%
Q3 24
14.9%
-19.0%
Q2 24
8.1%
-13.9%
Q1 24
5.6%
22.1%
Net Margin
OPAL
OPAL
SNDA
SNDA
Q4 25
18.3%
-30.5%
Q3 25
14.6%
-27.4%
Q2 25
9.8%
-1.7%
Q1 25
1.5%
-13.6%
Q4 24
-7.2%
-6.0%
Q3 24
20.7%
-18.4%
Q2 24
2.7%
-14.0%
Q1 24
1.1%
40.1%
EPS (diluted)
OPAL
OPAL
SNDA
SNDA
Q4 25
$0.08
$-1.73
Q3 25
$0.05
$-1.56
Q2 25
$0.03
$-0.16
Q1 25
$-0.01
$-0.77
Q4 24
$-0.05
$-0.86
Q3 24
$0.09
$-0.98
Q2 24
$-0.01
$-0.86
Q1 24
$-0.01
$2.16

Balance Sheet & Financial Strength

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

Metric
OPAL
OPAL
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$24.4M
$11.0M
Total DebtLower is stronger
$361.3M
$689.7M
Stockholders' EquityBook value
$-12.9M
$-11.0K
Total Assets
$959.5M
$844.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPAL
OPAL
SNDA
SNDA
Q4 25
$24.4M
$11.0M
Q3 25
$29.9M
$17.0M
Q2 25
$29.3M
$14.1M
Q1 25
$40.1M
$14.0M
Q4 24
$24.3M
$17.0M
Q3 24
$31.0M
$24.9M
Q2 24
$27.6M
$9.5M
Q1 24
$34.2M
$24.2M
Total Debt
OPAL
OPAL
SNDA
SNDA
Q4 25
$361.3M
$689.7M
Q3 25
$351.2M
$684.4M
Q2 25
$331.6M
$677.9M
Q1 25
$307.0M
$650.9M
Q4 24
$307.5M
$651.4M
Q3 24
$252.9M
$604.1M
Q2 24
$233.3M
$583.8M
Q1 24
$208.7M
$578.1M
Stockholders' Equity
OPAL
OPAL
SNDA
SNDA
Q4 25
$-12.9M
$-11.0K
Q3 25
$7.5M
$29.8M
Q2 25
$-25.0M
$56.7M
Q1 25
$57.1M
$58.8M
Q4 24
$-148.4M
$71.8M
Q3 24
$-180.1M
$77.5M
Q2 24
$-273.0M
$-34.1M
Q1 24
$-382.4M
$-41.4M
Total Assets
OPAL
OPAL
SNDA
SNDA
Q4 25
$959.5M
$844.8M
Q3 25
$916.7M
$854.8M
Q2 25
$905.5M
$849.8M
Q1 25
$884.9M
$824.5M
Q4 24
$881.1M
$841.9M
Q3 24
$831.1M
$796.2M
Q2 24
$782.3M
$652.2M
Q1 24
$750.5M
$636.3M
Debt / Equity
OPAL
OPAL
SNDA
SNDA
Q4 25
Q3 25
46.95×
22.99×
Q2 25
11.96×
Q1 25
5.38×
11.08×
Q4 24
9.07×
Q3 24
7.79×
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
SNDA
SNDA
Operating Cash FlowLast quarter
$-3.5M
$-400.0K
Free Cash FlowOCF − Capex
$-13.4M
$-9.3M
FCF MarginFCF / Revenue
-15.1%
-9.5%
Capex IntensityCapex / Revenue
11.1%
9.1%
Cash ConversionOCF / Net Profit
-0.22×
TTM Free Cash FlowTrailing 4 quarters
$-34.2M
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPAL
OPAL
SNDA
SNDA
Q4 25
$-3.5M
$-400.0K
Q3 25
$18.2M
$12.0M
Q2 25
$-7.9M
$8.9M
Q1 25
$29.7M
$3.8M
Q4 24
$-532.0K
$-3.1M
Q3 24
$17.7M
$3.0M
Q2 24
$533.0K
$2.5M
Q1 24
$13.7M
$-4.1M
Free Cash Flow
OPAL
OPAL
SNDA
SNDA
Q4 25
$-13.4M
$-9.3M
Q3 25
$-9.3M
$3.0M
Q2 25
$-29.7M
$1.9M
Q1 25
$18.1M
$-4.5M
Q4 24
$-55.0M
$-10.4M
Q3 24
$-5.4M
$-5.1M
Q2 24
$-22.5M
$-1.7M
Q1 24
$-13.0M
$-9.9M
FCF Margin
OPAL
OPAL
SNDA
SNDA
Q4 25
-15.1%
-9.5%
Q3 25
-11.9%
3.0%
Q2 25
-38.4%
2.1%
Q1 25
21.8%
-4.9%
Q4 24
-73.8%
-11.3%
Q3 24
-6.5%
-6.8%
Q2 24
-32.2%
-2.4%
Q1 24
-20.4%
-14.6%
Capex Intensity
OPAL
OPAL
SNDA
SNDA
Q4 25
11.1%
9.1%
Q3 25
35.3%
9.2%
Q2 25
28.2%
7.5%
Q1 25
13.9%
9.1%
Q4 24
73.1%
7.9%
Q3 24
27.9%
10.8%
Q2 24
32.9%
5.9%
Q1 24
41.8%
8.5%
Cash Conversion
OPAL
OPAL
SNDA
SNDA
Q4 25
-0.22×
Q3 25
1.60×
Q2 25
-1.04×
Q1 25
23.11×
Q4 24
Q3 24
1.03×
Q2 24
0.28×
Q1 24
20.26×
-0.15×

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%

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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