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Side-by-side financial comparison of OPAL Fuels Inc. (OPAL) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $88.4M, roughly 1.5× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 17.1%, a 1.2% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 12.2%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs 11.6%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
OPAL vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.4M | $132.6M |
| Net Profit | $16.2M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 7.5% | — |
| Net Margin | 18.3% | 17.1% |
| Revenue YoY | 18.7% | 12.2% |
| Net Profit YoY | 401.5% | -6.7% |
| EPS (diluted) | $0.08 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $88.4M | $119.6M | ||
| Q3 25 | $77.9M | $120.1M | ||
| Q2 25 | $77.4M | $114.1M | ||
| Q1 25 | $83.0M | $118.2M | ||
| Q4 24 | $74.5M | $116.4M | ||
| Q3 24 | $82.6M | $112.4M | ||
| Q2 24 | $69.8M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $16.2M | $12.4M | ||
| Q3 25 | $11.4M | $14.9M | ||
| Q2 25 | $7.6M | $58.0M | ||
| Q1 25 | $1.3M | $8.2M | ||
| Q4 24 | $-5.4M | $30.1M | ||
| Q3 24 | $17.1M | $9.1M | ||
| Q2 24 | $1.9M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 11.3% | ||
| Q3 25 | 4.6% | 13.4% | ||
| Q2 25 | -1.1% | 53.9% | ||
| Q1 25 | -2.3% | 7.6% | ||
| Q4 24 | -0.5% | 27.6% | ||
| Q3 24 | 14.9% | 8.9% | ||
| Q2 24 | 8.1% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 18.3% | 10.4% | ||
| Q3 25 | 14.6% | 12.4% | ||
| Q2 25 | 9.8% | 50.8% | ||
| Q1 25 | 1.5% | 6.9% | ||
| Q4 24 | -7.2% | 25.9% | ||
| Q3 24 | 20.7% | 8.1% | ||
| Q2 24 | 2.7% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.08 | $0.09 | ||
| Q3 25 | $0.05 | $0.12 | ||
| Q2 25 | $0.03 | $0.46 | ||
| Q1 25 | $-0.01 | $0.07 | ||
| Q4 24 | $-0.05 | $0.25 | ||
| Q3 24 | $0.09 | $0.07 | ||
| Q2 24 | $-0.01 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $361.3M | — |
| Stockholders' EquityBook value | $-12.9M | $1.4B |
| Total Assets | $959.5M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $24.4M | $48.9M | ||
| Q3 25 | $29.9M | $77.8M | ||
| Q2 25 | $29.3M | $53.0M | ||
| Q1 25 | $40.1M | $48.0M | ||
| Q4 24 | $24.3M | $41.4M | ||
| Q3 24 | $31.0M | $67.9M | ||
| Q2 24 | $27.6M | $78.6M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.4B | ||
| Q4 25 | $-12.9M | $1.4B | ||
| Q3 25 | $7.5M | $1.4B | ||
| Q2 25 | $-25.0M | $1.4B | ||
| Q1 25 | $57.1M | $1.4B | ||
| Q4 24 | $-148.4M | $1.4B | ||
| Q3 24 | $-180.1M | $1.3B | ||
| Q2 24 | $-273.0M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $959.5M | $3.3B | ||
| Q3 25 | $916.7M | $3.3B | ||
| Q2 25 | $905.5M | $3.3B | ||
| Q1 25 | $884.9M | $3.3B | ||
| Q4 24 | $881.1M | $3.3B | ||
| Q3 24 | $831.1M | $3.2B | ||
| Q2 24 | $782.3M | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $39.1M |
| Free Cash FlowOCF − Capex | $-13.4M | — |
| FCF MarginFCF / Revenue | -15.1% | — |
| Capex IntensityCapex / Revenue | 11.1% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.22× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-3.5M | $182.7M | ||
| Q3 25 | $18.2M | $55.7M | ||
| Q2 25 | $-7.9M | $43.5M | ||
| Q1 25 | $29.7M | $32.6M | ||
| Q4 24 | $-532.0K | $153.2M | ||
| Q3 24 | $17.7M | $36.6M | ||
| Q2 24 | $533.0K | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.4M | $81.8M | ||
| Q3 25 | $-9.3M | $26.1M | ||
| Q2 25 | $-29.7M | $19.6M | ||
| Q1 25 | $18.1M | $11.9M | ||
| Q4 24 | $-55.0M | $42.5M | ||
| Q3 24 | $-5.4M | $12.2M | ||
| Q2 24 | $-22.5M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -15.1% | 68.4% | ||
| Q3 25 | -11.9% | 21.7% | ||
| Q2 25 | -38.4% | 17.2% | ||
| Q1 25 | 21.8% | 10.0% | ||
| Q4 24 | -73.8% | 36.6% | ||
| Q3 24 | -6.5% | 10.8% | ||
| Q2 24 | -32.2% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 11.1% | 84.4% | ||
| Q3 25 | 35.3% | 24.6% | ||
| Q2 25 | 28.2% | 20.9% | ||
| Q1 25 | 13.9% | 17.5% | ||
| Q4 24 | 73.1% | 95.1% | ||
| Q3 24 | 27.9% | 21.7% | ||
| Q2 24 | 32.9% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | -0.22× | 14.71× | ||
| Q3 25 | 1.60× | 3.73× | ||
| Q2 25 | -1.04× | 0.75× | ||
| Q1 25 | 23.11× | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | 1.03× | 4.03× | ||
| Q2 24 | 0.28× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
