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OPAL Fuels Inc.（OPAL）与Planet Labs PBC（PL）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Planet Labs PBC的1.1倍（$88.4M vs $81.3M），OPAL Fuels Inc.净利率更高（18.3% vs -72.8%，领先91.1%），Planet Labs PBC同比增速更快（32.6% vs 18.7%），Planet Labs PBC自由现金流更多（$1.9M vs $-13.4M），过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% vs 17.5%）
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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
OPAL vs PL — 直观对比
营收规模更大
OPAL
是对方的1.1倍
$81.3M
营收增速更快
PL
高出13.9%
18.7%
净利率更高
OPAL
高出91.1%
-72.8%
自由现金流更多
PL
多$15.3M
$-13.4M
两年增速更快
OPAL
近两年复合增速
17.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.4M | $81.3M |
| 净利润 | $16.2M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | 7.5% | -22.6% |
| 净利率 | 18.3% | -72.8% |
| 营收同比 | 18.7% | 32.6% |
| 净利润同比 | 401.5% | -194.7% |
| 每股收益（稀释后） | $0.08 | $-0.19 |
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OPALPL
| Q4 25 | $88.4M | $81.3M | ||
| Q3 25 | $77.9M | $73.4M | ||
| Q2 25 | $77.4M | $66.3M | ||
| Q1 25 | $83.0M | $61.6M | ||
| Q4 24 | $74.5M | $61.3M | ||
| Q3 24 | $82.6M | $61.1M | ||
| Q2 24 | $69.8M | $60.4M | ||
| Q1 24 | $64.0M | $58.9M |
净利润OPALPL
| Q4 25 | $16.2M | $-59.2M | ||
| Q3 25 | $11.4M | $-22.6M | ||
| Q2 25 | $7.6M | $-12.6M | ||
| Q1 25 | $1.3M | $-35.2M | ||
| Q4 24 | $-5.4M | $-20.1M | ||
| Q3 24 | $17.1M | $-38.7M | ||
| Q2 24 | $1.9M | $-29.3M | ||
| Q1 24 | $677.0K | $-30.1M |
毛利率OPALPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率OPALPL
| Q4 25 | 7.5% | -22.6% | ||
| Q3 25 | 4.6% | -24.5% | ||
| Q2 25 | -1.1% | -34.4% | ||
| Q1 25 | -2.3% | -31.5% | ||
| Q4 24 | -0.5% | -36.9% | ||
| Q3 24 | 14.9% | -64.8% | ||
| Q2 24 | 8.1% | -57.2% | ||
| Q1 24 | 5.6% | -57.6% |
净利率OPALPL
| Q4 25 | 18.3% | -72.8% | ||
| Q3 25 | 14.6% | -30.8% | ||
| Q2 25 | 9.8% | -19.1% | ||
| Q1 25 | 1.5% | -57.1% | ||
| Q4 24 | -7.2% | -32.8% | ||
| Q3 24 | 20.7% | -63.3% | ||
| Q2 24 | 2.7% | -48.5% | ||
| Q1 24 | 1.1% | -51.1% |
每股收益（稀释后）OPALPL
| Q4 25 | $0.08 | $-0.19 | ||
| Q3 25 | $0.05 | $-0.07 | ||
| Q2 25 | $0.03 | $-0.04 | ||
| Q1 25 | $-0.01 | $-0.12 | ||
| Q4 24 | $-0.05 | $-0.07 | ||
| Q3 24 | $0.09 | $-0.13 | ||
| Q2 24 | $-0.01 | $-0.10 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | $361.3M | — |
| 股东权益账面价值 | $-12.9M | $349.6M |
| 总资产 | $959.5M | $1.1B |
| 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OPALPL
| Q4 25 | $24.4M | $443.3M | ||
| Q3 25 | $29.9M | $181.1M | ||
| Q2 25 | $29.3M | $133.5M | ||
| Q1 25 | $40.1M | $118.0M | ||
| Q4 24 | $24.3M | $139.0M | ||
| Q3 24 | $31.0M | $148.3M | ||
| Q2 24 | $27.6M | $107.4M | ||
| Q1 24 | $34.2M | $83.9M |
总债务OPALPL
| 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 | — |
股东权益OPALPL
| Q4 25 | $-12.9M | $349.6M | ||
| Q3 25 | $7.5M | $435.7M | ||
| Q2 25 | $-25.0M | $444.8M | ||
| Q1 25 | $57.1M | $441.3M | ||
| Q4 24 | $-148.4M | $464.6M | ||
| Q3 24 | $-180.1M | $473.2M | ||
| Q2 24 | $-273.0M | $500.3M | ||
| Q1 24 | $-382.4M | $518.0M |
总资产OPALPL
| Q4 25 | $959.5M | $1.1B | ||
| Q3 25 | $916.7M | $696.4M | ||
| Q2 25 | $905.5M | $658.4M | ||
| Q1 25 | $884.9M | $633.8M | ||
| Q4 24 | $881.1M | $630.8M | ||
| Q3 24 | $831.1M | $658.4M | ||
| Q2 24 | $782.3M | $674.6M | ||
| Q1 24 | $750.5M | $702.0M |
负债/权益比OPALPL
| Q4 25 | — | — | ||
| Q3 25 | 46.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.38× | — | ||
| 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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $-13.4M | $1.9M |
| 自由现金流率自由现金流/营收 | -15.1% | 2.3% |
| 资本支出强度资本支出/营收 | 11.1% | 32.9% |
| 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 | $40.7M |
8季度趋势，按日历期对齐
经营现金流OPALPL
| Q4 25 | $-3.5M | $28.6M | ||
| Q3 25 | $18.2M | $67.8M | ||
| Q2 25 | $-7.9M | $17.3M | ||
| Q1 25 | $29.7M | $-6.3M | ||
| Q4 24 | $-532.0K | $4.1M | ||
| Q3 24 | $17.7M | $-7.9M | ||
| Q2 24 | $533.0K | $-4.3M | ||
| Q1 24 | $13.7M | $-6.8M |
自由现金流OPALPL
| Q4 25 | $-13.4M | $1.9M | ||
| Q3 25 | $-9.3M | $47.5M | ||
| Q2 25 | $-29.7M | $9.2M | ||
| Q1 25 | $18.1M | $-17.9M | ||
| Q4 24 | $-55.0M | $-3.6M | ||
| Q3 24 | $-5.4M | $-23.0M | ||
| Q2 24 | $-22.5M | $-14.2M | ||
| Q1 24 | $-13.0M | $-15.7M |
自由现金流率OPALPL
| Q4 25 | -15.1% | 2.3% | ||
| Q3 25 | -11.9% | 64.7% | ||
| Q2 25 | -38.4% | 13.9% | ||
| Q1 25 | 21.8% | -29.1% | ||
| Q4 24 | -73.8% | -5.8% | ||
| Q3 24 | -6.5% | -37.6% | ||
| Q2 24 | -32.2% | -23.6% | ||
| Q1 24 | -20.4% | -26.7% |
资本支出强度OPALPL
| Q4 25 | 11.1% | 32.9% | ||
| Q3 25 | 35.3% | 27.6% | ||
| Q2 25 | 28.2% | 12.3% | ||
| Q1 25 | 13.9% | 18.9% | ||
| Q4 24 | 73.1% | 12.5% | ||
| Q3 24 | 27.9% | 24.8% | ||
| Q2 24 | 32.9% | 16.4% | ||
| Q1 24 | 41.8% | 15.1% |
现金转化率OPALPL
| Q4 25 | -0.22× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | -1.04× | — | ||
| Q1 25 | 23.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.28× | — | ||
| 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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
