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合众银行（FSBC）与OPAL Fuels Inc.（OPAL）财务数据对比。点击上方公司名可切换其他公司
OPAL Fuels Inc.的季度营收约是合众银行的2.0倍（$88.4M vs $45.1M），合众银行净利率更高（41.3% vs 18.3%，领先23.0%），过去两年合众银行的营收复合增速更高（21.3% vs 17.6%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
OPAL Fuels Inc.是一家北美能源企业，专注于生产和分销低碳可再生天然气（RNG）。公司从垃圾填埋场、奶牛场等有机废物流中收集甲烷，产出的可再生天然气主要供应给重型运输车队、商业物流运营商及公共交通实体，助力降低碳排放。
FSBC vs OPAL — 直观对比
营收规模更大
OPAL
是对方的2.0倍
$45.1M
净利率更高
FSBC
高出23.0%
18.3%
两年增速更快
FSBC
近两年复合增速
17.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $88.4M |
| 净利润 | $18.6M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 7.5% |
| 净利率 | 41.3% | 18.3% |
| 营收同比 | — | 18.7% |
| 净利润同比 | 42.0% | 401.5% |
| 每股收益（稀释后） | $0.87 | $0.08 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FSBCOPAL
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $88.4M | ||
| Q3 25 | $41.3M | $77.9M | ||
| Q2 25 | $38.3M | $77.4M | ||
| Q1 25 | $35.3M | $83.0M | ||
| Q4 24 | $35.2M | $74.5M | ||
| Q3 24 | $31.8M | $82.6M | ||
| Q2 24 | $30.7M | $69.8M |
净利润FSBCOPAL
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $16.2M | ||
| Q3 25 | $16.3M | $11.4M | ||
| Q2 25 | $14.5M | $7.6M | ||
| Q1 25 | $13.1M | $1.3M | ||
| Q4 24 | $13.3M | $-5.4M | ||
| Q3 24 | $10.9M | $17.1M | ||
| Q2 24 | $10.8M | $1.9M |
营业利润率FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | 7.5% | ||
| Q3 25 | 53.8% | 4.6% | ||
| Q2 25 | 52.4% | -1.1% | ||
| Q1 25 | 52.0% | -2.3% | ||
| Q4 24 | 55.1% | -0.5% | ||
| Q3 24 | 48.0% | 14.9% | ||
| Q2 24 | 49.4% | 8.1% |
净利率FSBCOPAL
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | 18.3% | ||
| Q3 25 | 39.6% | 14.6% | ||
| Q2 25 | 37.9% | 9.8% | ||
| Q1 25 | 37.1% | 1.5% | ||
| Q4 24 | 37.9% | -7.2% | ||
| Q3 24 | 34.4% | 20.7% | ||
| Q2 24 | 35.2% | 2.7% |
每股收益（稀释后）FSBCOPAL
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $0.08 | ||
| Q3 25 | $0.77 | $0.05 | ||
| Q2 25 | $0.68 | $0.03 | ||
| Q1 25 | $0.62 | $-0.01 | ||
| Q4 24 | $0.61 | $-0.05 | ||
| Q3 24 | $0.52 | $0.09 | ||
| Q2 24 | $0.51 | $-0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $644.4M | $24.4M |
| 总债务越低越好 | — | $361.3M |
| 股东权益账面价值 | $458.5M | $-12.9M |
| 总资产 | $5.0B | $959.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FSBCOPAL
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $24.4M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $29.3M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | — | $27.6M |
总债务FSBCOPAL
| 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 |
股东权益FSBCOPAL
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $-12.9M | ||
| Q3 25 | $431.3M | $7.5M | ||
| Q2 25 | $416.7M | $-25.0M | ||
| Q1 25 | $406.5M | $57.1M | ||
| Q4 24 | $396.6M | $-148.4M | ||
| Q3 24 | $389.9M | $-180.1M | ||
| Q2 24 | $380.5M | $-273.0M |
总资产FSBCOPAL
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $959.5M | ||
| Q3 25 | $4.6B | $916.7M | ||
| Q2 25 | $4.4B | $905.5M | ||
| Q1 25 | $4.2B | $884.9M | ||
| Q4 24 | $4.1B | $881.1M | ||
| Q3 24 | $3.9B | $831.1M | ||
| Q2 24 | $3.6B | $782.3M |
负债/权益比FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-3.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-13.4M |
| 自由现金流率自由现金流/营收 | — | -15.1% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | — | -0.22× |
| 过去12个月自由现金流最近4个季度 | — | $-34.2M |
8季度趋势，按日历期对齐
经营现金流FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $-3.5M | ||
| Q3 25 | $18.8M | $18.2M | ||
| Q2 25 | $17.8M | $-7.9M | ||
| Q1 25 | $15.5M | $29.7M | ||
| Q4 24 | $51.8M | $-532.0K | ||
| Q3 24 | $17.5M | $17.7M | ||
| Q2 24 | $16.0M | $533.0K |
自由现金流FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $-13.4M | ||
| Q3 25 | $18.6M | $-9.3M | ||
| Q2 25 | $17.5M | $-29.7M | ||
| Q1 25 | $15.4M | $18.1M | ||
| Q4 24 | $51.2M | $-55.0M | ||
| Q3 24 | $17.3M | $-5.4M | ||
| Q2 24 | $15.8M | $-22.5M |
自由现金流率FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | -15.1% | ||
| Q3 25 | 45.0% | -11.9% | ||
| Q2 25 | 45.8% | -38.4% | ||
| Q1 25 | 43.5% | 21.8% | ||
| Q4 24 | 145.5% | -73.8% | ||
| Q3 24 | 54.5% | -6.5% | ||
| Q2 24 | 51.6% | -32.2% |
资本支出强度FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 11.1% | ||
| Q3 25 | 0.5% | 35.3% | ||
| Q2 25 | 0.6% | 28.2% | ||
| Q1 25 | 0.3% | 13.9% | ||
| Q4 24 | 1.8% | 73.1% | ||
| Q3 24 | 0.7% | 27.9% | ||
| Q2 24 | 0.7% | 32.9% |
现金转化率FSBCOPAL
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | -0.22× | ||
| Q3 25 | 1.15× | 1.60× | ||
| Q2 25 | 1.23× | -1.04× | ||
| Q1 25 | 1.18× | 23.11× | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 1.60× | 1.03× | ||
| Q2 24 | 1.49× | 0.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
