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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $88.4M, roughly 1.2× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 10.3%, a 8.0% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 18.7%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-13.4M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
OPAL vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $103.6M |
| Net Profit | $16.2M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 7.5% | 18.1% |
| Net Margin | 18.3% | 10.3% |
| Revenue YoY | 18.7% | 21.0% |
| Net Profit YoY | 401.5% | 9.4% |
| EPS (diluted) | $0.08 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $77.9M | $85.8M | ||
| Q2 25 | $77.4M | $78.9M | ||
| Q1 25 | $83.0M | $61.3M | ||
| Q4 24 | $74.5M | $85.6M | ||
| Q3 24 | $82.6M | $73.1M | ||
| Q2 24 | $69.8M | $73.2M | ||
| Q1 24 | $64.0M | $61.1M |
| Q4 25 | $16.2M | $10.6M | ||
| Q3 25 | $11.4M | $8.2M | ||
| Q2 25 | $7.6M | $3.2M | ||
| Q1 25 | $1.3M | $-3.0M | ||
| Q4 24 | $-5.4M | $9.7M | ||
| Q3 24 | $17.1M | $5.2M | ||
| Q2 24 | $1.9M | $4.3M | ||
| Q1 24 | $677.0K | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 7.5% | 18.1% | ||
| Q3 25 | 4.6% | 12.8% | ||
| Q2 25 | -1.1% | 5.2% | ||
| Q1 25 | -2.3% | -7.4% | ||
| Q4 24 | -0.5% | 14.6% | ||
| Q3 24 | 14.9% | 9.3% | ||
| Q2 24 | 8.1% | 8.0% | ||
| Q1 24 | 5.6% | -4.9% |
| Q4 25 | 18.3% | 10.3% | ||
| Q3 25 | 14.6% | 9.6% | ||
| Q2 25 | 9.8% | 4.1% | ||
| Q1 25 | 1.5% | -4.9% | ||
| Q4 24 | -7.2% | 11.4% | ||
| Q3 24 | 20.7% | 7.1% | ||
| Q2 24 | 2.7% | 5.9% | ||
| Q1 24 | 1.1% | -3.6% |
| Q4 25 | $0.08 | $0.45 | ||
| Q3 25 | $0.05 | $0.36 | ||
| Q2 25 | $0.03 | $0.14 | ||
| Q1 25 | $-0.01 | $-0.13 | ||
| Q4 24 | $-0.05 | $0.40 | ||
| Q3 24 | $0.09 | $0.21 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $361.3M | $0 |
| Stockholders' EquityBook value | $-12.9M | $218.9M |
| Total Assets | $959.5M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | $83.4M | ||
| Q3 25 | $29.9M | $66.0M | ||
| Q2 25 | $29.3M | $81.5M | ||
| Q1 25 | $40.1M | $83.6M | ||
| Q4 24 | $24.3M | $94.4M | ||
| Q3 24 | $31.0M | $82.1M | ||
| Q2 24 | $27.6M | $73.6M | ||
| Q1 24 | $34.2M | $60.7M |
| Q4 25 | $361.3M | $0 | ||
| Q3 25 | $351.2M | $0 | ||
| Q2 25 | $331.6M | — | ||
| Q1 25 | $307.0M | — | ||
| Q4 24 | $307.5M | — | ||
| Q3 24 | $252.9M | $27.0M | ||
| Q2 24 | $233.3M | $27.8M | ||
| Q1 24 | $208.7M | $28.5M |
| Q4 25 | $-12.9M | $218.9M | ||
| Q3 25 | $7.5M | $204.9M | ||
| Q2 25 | $-25.0M | $194.9M | ||
| Q1 25 | $57.1M | $205.6M | ||
| Q4 24 | $-148.4M | $216.6M | ||
| Q3 24 | $-180.1M | $207.9M | ||
| Q2 24 | $-273.0M | $200.7M | ||
| Q1 24 | $-382.4M | $193.5M |
| Q4 25 | $959.5M | $273.9M | ||
| Q3 25 | $916.7M | $259.2M | ||
| Q2 25 | $905.5M | $273.0M | ||
| Q1 25 | $884.9M | $280.2M | ||
| Q4 24 | $881.1M | $297.9M | ||
| Q3 24 | $831.1M | $287.7M | ||
| Q2 24 | $782.3M | $278.8M | ||
| Q1 24 | $750.5M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | 46.95× | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-13.4M | $16.8M |
| FCF MarginFCF / Revenue | -15.1% | 16.2% |
| Capex IntensityCapex / Revenue | 11.1% | 0.5% |
| Cash ConversionOCF / Net Profit | -0.22× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $17.3M | ||
| Q3 25 | $18.2M | $10.3M | ||
| Q2 25 | $-7.9M | $14.8M | ||
| Q1 25 | $29.7M | $417.0K | ||
| Q4 24 | $-532.0K | $16.3M | ||
| Q3 24 | $17.7M | $10.3M | ||
| Q2 24 | $533.0K | $13.1M | ||
| Q1 24 | $13.7M | $924.0K |
| Q4 25 | $-13.4M | $16.8M | ||
| Q3 25 | $-9.3M | $9.2M | ||
| Q2 25 | $-29.7M | $14.4M | ||
| Q1 25 | $18.1M | $38.0K | ||
| Q4 24 | $-55.0M | $15.9M | ||
| Q3 24 | $-5.4M | $9.3M | ||
| Q2 24 | $-22.5M | $12.6M | ||
| Q1 24 | $-13.0M | $442.0K |
| Q4 25 | -15.1% | 16.2% | ||
| Q3 25 | -11.9% | 10.8% | ||
| Q2 25 | -38.4% | 18.2% | ||
| Q1 25 | 21.8% | 0.1% | ||
| Q4 24 | -73.8% | 18.5% | ||
| Q3 24 | -6.5% | 12.7% | ||
| Q2 24 | -32.2% | 17.3% | ||
| Q1 24 | -20.4% | 0.7% |
| Q4 25 | 11.1% | 0.5% | ||
| Q3 25 | 35.3% | 1.3% | ||
| Q2 25 | 28.2% | 0.5% | ||
| Q1 25 | 13.9% | 0.6% | ||
| Q4 24 | 73.1% | 0.5% | ||
| Q3 24 | 27.9% | 1.3% | ||
| Q2 24 | 32.9% | 0.7% | ||
| Q1 24 | 41.8% | 0.8% |
| Q4 25 | -0.22× | 1.63× | ||
| Q3 25 | 1.60× | 1.26× | ||
| Q2 25 | -1.04× | 4.59× | ||
| Q1 25 | 23.11× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 1.03× | 1.99× | ||
| Q2 24 | 0.28× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
