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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and TRICO BANCSHARES (TCBK). Click either name above to swap in a different company.
TRICO BANCSHARES is the larger business by last-quarter revenue ($109.4M vs $88.4M, roughly 1.2× OPAL Fuels Inc.). TRICO BANCSHARES runs the higher net margin — 251.6% vs 18.3%, a 233.3% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 9.0%). TRICO BANCSHARES produced more free cash flow last quarter ($127.9M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 5.4%).
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.
Trico Bancshares is a U.S.-headquartered regional bank holding company operating Tri Counties Bank. It offers a full range of retail and commercial banking services including deposit products, mortgages, small business loans, and wealth management, primarily serving consumers and SMEs in Northern California.
OPAL vs TCBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $109.4M |
| Net Profit | $16.2M | $33.6M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | 42.6% |
| Net Margin | 18.3% | 251.6% |
| Revenue YoY | 18.7% | 9.0% |
| Net Profit YoY | 401.5% | 15.8% |
| EPS (diluted) | $0.08 | $1.02 |
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 | $109.4M | ||
| Q3 25 | $77.9M | $107.6M | ||
| Q2 25 | $77.4M | $103.6M | ||
| Q1 25 | $83.0M | $98.6M | ||
| Q4 24 | $74.5M | $100.4M | ||
| Q3 24 | $82.6M | $99.1M | ||
| Q2 24 | $69.8M | $97.9M | ||
| Q1 24 | $64.0M | $98.5M |
| Q4 25 | $16.2M | $33.6M | ||
| Q3 25 | $11.4M | $34.0M | ||
| Q2 25 | $7.6M | $27.5M | ||
| Q1 25 | $1.3M | $26.4M | ||
| Q4 24 | $-5.4M | $29.0M | ||
| Q3 24 | $17.1M | $29.1M | ||
| Q2 24 | $1.9M | $29.0M | ||
| Q1 24 | $677.0K | $27.7M |
| Q4 25 | 7.5% | 42.6% | ||
| Q3 25 | 4.6% | 43.2% | ||
| Q2 25 | -1.1% | 36.5% | ||
| Q1 25 | -2.3% | 35.8% | ||
| Q4 24 | -0.5% | 38.7% | ||
| Q3 24 | 14.9% | 39.8% | ||
| Q2 24 | 8.1% | 40.0% | ||
| Q1 24 | 5.6% | 38.3% |
| Q4 25 | 18.3% | 251.6% | ||
| Q3 25 | 14.6% | 31.6% | ||
| Q2 25 | 9.8% | 26.6% | ||
| Q1 25 | 1.5% | 26.7% | ||
| Q4 24 | -7.2% | 221.4% | ||
| Q3 24 | 20.7% | 29.3% | ||
| Q2 24 | 2.7% | 29.7% | ||
| Q1 24 | 1.1% | 28.2% |
| Q4 25 | $0.08 | $1.02 | ||
| Q3 25 | $0.05 | $1.04 | ||
| Q2 25 | $0.03 | $0.84 | ||
| Q1 25 | $-0.01 | $0.80 | ||
| Q4 24 | $-0.05 | $0.88 | ||
| Q3 24 | $0.09 | $0.88 | ||
| Q2 24 | $-0.01 | $0.87 | ||
| Q1 24 | $-0.01 | $0.83 |
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 | $157.0M |
| Total DebtLower is stronger | $361.3M | — |
| Stockholders' EquityBook value | $-12.9M | $1.3B |
| Total Assets | $959.5M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $157.0M | ||
| Q3 25 | $29.9M | $298.8M | ||
| Q2 25 | $29.3M | $314.3M | ||
| Q1 25 | $40.1M | $308.3M | ||
| Q4 24 | $24.3M | $145.0M | ||
| Q3 24 | $31.0M | $320.1M | ||
| Q2 24 | $27.6M | $206.6M | ||
| Q1 24 | $34.2M | $82.8M |
| Q4 25 | $361.3M | — | ||
| Q3 25 | $351.2M | — | ||
| Q2 25 | $331.6M | — | ||
| Q1 25 | $307.0M | — | ||
| Q4 24 | $307.5M | — | ||
| Q3 24 | $252.9M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $208.7M | — |
| Q4 25 | $-12.9M | $1.3B | ||
| Q3 25 | $7.5M | $1.3B | ||
| Q2 25 | $-25.0M | $1.3B | ||
| Q1 25 | $57.1M | $1.3B | ||
| Q4 24 | $-148.4M | $1.2B | ||
| Q3 24 | $-180.1M | $1.2B | ||
| Q2 24 | $-273.0M | $1.2B | ||
| Q1 24 | $-382.4M | $1.2B |
| Q4 25 | $959.5M | $9.8B | ||
| Q3 25 | $916.7M | $9.9B | ||
| Q2 25 | $905.5M | $9.9B | ||
| Q1 25 | $884.9M | $9.8B | ||
| Q4 24 | $881.1M | $9.7B | ||
| Q3 24 | $831.1M | $9.8B | ||
| Q2 24 | $782.3M | $9.7B | ||
| Q1 24 | $750.5M | $9.8B |
| Q4 25 | — | — | ||
| Q3 25 | 46.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.5M | $133.3M |
| Free Cash FlowOCF − Capex | $-13.4M | $127.9M |
| FCF MarginFCF / Revenue | -15.1% | 116.9% |
| Capex IntensityCapex / Revenue | 11.1% | 4.9% |
| Cash ConversionOCF / Net Profit | -0.22× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | $222.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $133.3M | ||
| Q3 25 | $18.2M | $45.1M | ||
| Q2 25 | $-7.9M | $29.2M | ||
| Q1 25 | $29.7M | $24.5M | ||
| Q4 24 | $-532.0K | $109.7M | ||
| Q3 24 | $17.7M | $28.6M | ||
| Q2 24 | $533.0K | $31.8M | ||
| Q1 24 | $13.7M | $25.1M |
| Q4 25 | $-13.4M | $127.9M | ||
| Q3 25 | $-9.3M | $43.2M | ||
| Q2 25 | $-29.7M | $28.2M | ||
| Q1 25 | $18.1M | $22.8M | ||
| Q4 24 | $-55.0M | $105.2M | ||
| Q3 24 | $-5.4M | $27.3M | ||
| Q2 24 | $-22.5M | $30.8M | ||
| Q1 24 | $-13.0M | $24.1M |
| Q4 25 | -15.1% | 116.9% | ||
| Q3 25 | -11.9% | 40.2% | ||
| Q2 25 | -38.4% | 27.2% | ||
| Q1 25 | 21.8% | 23.1% | ||
| Q4 24 | -73.8% | 104.8% | ||
| Q3 24 | -6.5% | 27.6% | ||
| Q2 24 | -32.2% | 31.5% | ||
| Q1 24 | -20.4% | 24.4% |
| Q4 25 | 11.1% | 4.9% | ||
| Q3 25 | 35.3% | 1.7% | ||
| Q2 25 | 28.2% | 1.0% | ||
| Q1 25 | 13.9% | 1.7% | ||
| Q4 24 | 73.1% | 4.5% | ||
| Q3 24 | 27.9% | 1.3% | ||
| Q2 24 | 32.9% | 1.0% | ||
| Q1 24 | 41.8% | 1.0% |
| Q4 25 | -0.22× | 3.96× | ||
| Q3 25 | 1.60× | 1.33× | ||
| Q2 25 | -1.04× | 1.06× | ||
| Q1 25 | 23.11× | 0.93× | ||
| Q4 24 | — | 3.78× | ||
| Q3 24 | 1.03× | 0.98× | ||
| Q2 24 | 0.28× | 1.10× | ||
| Q1 24 | 20.26× | 0.90× |
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% |
TCBK
Segment breakdown not available.
