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OPAL Fuels Inc.（OPAL）与PDF SOLUTIONS INC（PDFS）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PDF SOLUTIONS INC的1.4倍（$88.4M vs $62.4M），OPAL Fuels Inc.净利率更高（18.3% vs -0.1%，领先18.4%），PDF SOLUTIONS INC同比增速更快（24.6% vs 18.7%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-13.4M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 17.6%）
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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
OPAL vs PDFS — 直观对比
营收规模更大
OPAL
是对方的1.4倍
$62.4M
营收增速更快
PDFS
高出5.9%
18.7%
净利率更高
OPAL
高出18.4%
-0.1%
自由现金流更多
PDFS
多$20.9M
$-13.4M
两年增速更快
PDFS
近两年复合增速
17.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.4M | $62.4M |
| 净利润 | $16.2M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | 7.5% | 5.5% |
| 净利率 | 18.3% | -0.1% |
| 营收同比 | 18.7% | 24.6% |
| 净利润同比 | 401.5% | -108.9% |
| 每股收益（稀释后） | $0.08 | $0.00 |
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OPALPDFS
| Q4 25 | $88.4M | $62.4M | ||
| Q3 25 | $77.9M | $57.1M | ||
| Q2 25 | $77.4M | $51.7M | ||
| Q1 25 | $83.0M | $47.8M | ||
| Q4 24 | $74.5M | $50.1M | ||
| Q3 24 | $82.6M | $46.4M | ||
| Q2 24 | $69.8M | $41.7M | ||
| Q1 24 | $64.0M | $41.3M |
净利润OPALPDFS
| Q4 25 | $16.2M | $-48.0K | ||
| Q3 25 | $11.4M | $1.3M | ||
| Q2 25 | $7.6M | $1.1M | ||
| Q1 25 | $1.3M | $-3.0M | ||
| Q4 24 | $-5.4M | $539.0K | ||
| Q3 24 | $17.1M | $2.2M | ||
| Q2 24 | $1.9M | $1.7M | ||
| Q1 24 | $677.0K | $-393.0K |
毛利率OPALPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 67.3% |
营业利润率OPALPDFS
| Q4 25 | 7.5% | 5.5% | ||
| Q3 25 | 4.6% | 8.5% | ||
| Q2 25 | -1.1% | 2.2% | ||
| Q1 25 | -2.3% | -7.4% | ||
| Q4 24 | -0.5% | 1.0% | ||
| Q3 24 | 14.9% | 4.6% | ||
| Q2 24 | 8.1% | 0.6% | ||
| Q1 24 | 5.6% | -4.7% |
净利率OPALPDFS
| Q4 25 | 18.3% | -0.1% | ||
| Q3 25 | 14.6% | 2.3% | ||
| Q2 25 | 9.8% | 2.2% | ||
| Q1 25 | 1.5% | -6.3% | ||
| Q4 24 | -7.2% | 1.1% | ||
| Q3 24 | 20.7% | 4.8% | ||
| Q2 24 | 2.7% | 4.1% | ||
| Q1 24 | 1.1% | -1.0% |
每股收益（稀释后）OPALPDFS
| Q4 25 | $0.08 | $0.00 | ||
| Q3 25 | $0.05 | $0.03 | ||
| Q2 25 | $0.03 | $0.03 | ||
| Q1 25 | $-0.01 | $-0.08 | ||
| Q4 24 | $-0.05 | $0.01 | ||
| Q3 24 | $0.09 | $0.06 | ||
| Q2 24 | $-0.01 | $0.04 | ||
| Q1 24 | $-0.01 | $-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 | $24.4M | $42.2M |
| 总债务越低越好 | $361.3M | $67.0M |
| 股东权益账面价值 | $-12.9M | $271.0M |
| 总资产 | $959.5M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资OPALPDFS
| Q4 25 | $24.4M | $42.2M | ||
| Q3 25 | $29.9M | $35.9M | ||
| Q2 25 | $29.3M | $40.4M | ||
| Q1 25 | $40.1M | $54.1M | ||
| Q4 24 | $24.3M | $114.9M | ||
| Q3 24 | $31.0M | $120.2M | ||
| Q2 24 | $27.6M | $117.9M | ||
| Q1 24 | $34.2M | $122.9M |
总债务OPALPDFS
| Q4 25 | $361.3M | $67.0M | ||
| Q3 25 | $351.2M | $67.6M | ||
| Q2 25 | $331.6M | $68.1M | ||
| Q1 25 | $307.0M | $68.7M | ||
| Q4 24 | $307.5M | — | ||
| Q3 24 | $252.9M | — | ||
| Q2 24 | $233.3M | — | ||
| Q1 24 | $208.7M | — |
股东权益OPALPDFS
| Q4 25 | $-12.9M | $271.0M | ||
| Q3 25 | $7.5M | $264.4M | ||
| Q2 25 | $-25.0M | $257.5M | ||
| Q1 25 | $57.1M | $249.0M | ||
| Q4 24 | $-148.4M | $246.0M | ||
| Q3 24 | $-180.1M | $240.5M | ||
| Q2 24 | $-273.0M | $232.2M | ||
| Q1 24 | $-382.4M | $225.4M |
总资产OPALPDFS
| Q4 25 | $959.5M | $418.7M | ||
| Q3 25 | $916.7M | $406.4M | ||
| Q2 25 | $905.5M | $391.1M | ||
| Q1 25 | $884.9M | $390.0M | ||
| Q4 24 | $881.1M | $315.3M | ||
| Q3 24 | $831.1M | $307.4M | ||
| Q2 24 | $782.3M | $298.0M | ||
| Q1 24 | $750.5M | $286.8M |
负债/权益比OPALPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | 46.95× | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 5.38× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-13.4M | $7.5M |
| 自由现金流率自由现金流/营收 | -15.1% | 12.1% |
| 资本支出强度资本支出/营收 | 11.1% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流OPALPDFS
| Q4 25 | $-3.5M | $17.3M | ||
| Q3 25 | $18.2M | $3.3M | ||
| Q2 25 | $-7.9M | $-5.2M | ||
| Q1 25 | $29.7M | $8.6M | ||
| Q4 24 | $-532.0K | $1.6M | ||
| Q3 24 | $17.7M | $9.3M | ||
| Q2 24 | $533.0K | $684.0K | ||
| Q1 24 | $13.7M | $-1.9M |
自由现金流OPALPDFS
| Q4 25 | $-13.4M | $7.5M | ||
| Q3 25 | $-9.3M | $-2.9M | ||
| Q2 25 | $-29.7M | $-13.8M | ||
| Q1 25 | $18.1M | $535.0K | ||
| Q4 24 | $-55.0M | $-4.0M | ||
| Q3 24 | $-5.4M | $5.1M | ||
| Q2 24 | $-22.5M | $-4.6M | ||
| Q1 24 | $-13.0M | $-3.9M |
自由现金流率OPALPDFS
| Q4 25 | -15.1% | 12.1% | ||
| Q3 25 | -11.9% | -5.1% | ||
| Q2 25 | -38.4% | -26.6% | ||
| Q1 25 | 21.8% | 1.1% | ||
| Q4 24 | -73.8% | -8.0% | ||
| Q3 24 | -6.5% | 11.0% | ||
| Q2 24 | -32.2% | -11.1% | ||
| Q1 24 | -20.4% | -9.4% |
资本支出强度OPALPDFS
| Q4 25 | 11.1% | 15.7% | ||
| Q3 25 | 35.3% | 10.8% | ||
| Q2 25 | 28.2% | 16.5% | ||
| Q1 25 | 13.9% | 17.0% | ||
| Q4 24 | 73.1% | 11.3% | ||
| Q3 24 | 27.9% | 9.0% | ||
| Q2 24 | 32.9% | 12.8% | ||
| Q1 24 | 41.8% | 4.9% |
现金转化率OPALPDFS
| Q4 25 | -0.22× | — | ||
| Q3 25 | 1.60× | 2.54× | ||
| Q2 25 | -1.04× | -4.55× | ||
| Q1 25 | 23.11× | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | 1.03× | 4.20× | ||
| Q2 24 | 0.28× | 0.40× | ||
| Q1 24 | 20.26× | — |
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
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
