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OPAL Fuels Inc.（OPAL）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是OPAL Fuels Inc.的1.3倍（$117.7M vs $88.4M），OPAL Fuels Inc.净利率更高（18.3% vs -10.8%，领先29.1%），OPAL Fuels Inc.同比增速更快（18.7% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-13.4M），过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
OPAL vs RGP — 直观对比
营收规模更大
RGP
是对方的1.3倍
$88.4M
营收增速更快
OPAL
高出37.9%
-19.2%
净利率更高
OPAL
高出29.1%
-10.8%
自由现金流更多
RGP
多$28.9M
$-13.4M
两年增速更快
OPAL
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.4M | $117.7M |
| 净利润 | $16.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 7.5% | -10.3% |
| 净利率 | 18.3% | -10.8% |
| 营收同比 | 18.7% | -19.2% |
| 净利润同比 | 401.5% | 81.6% |
| 每股收益（稀释后） | $0.08 | $-0.38 |
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OPALRGP
| Q4 25 | $88.4M | $117.7M | ||
| Q3 25 | $77.9M | $120.2M | ||
| Q2 25 | $77.4M | $139.3M | ||
| Q1 25 | $83.0M | $129.4M | ||
| Q4 24 | $74.5M | $145.6M | ||
| Q3 24 | $82.6M | $136.9M | ||
| Q2 24 | $69.8M | $148.2M | ||
| Q1 24 | $64.0M | $151.3M |
净利润OPALRGP
| Q4 25 | $16.2M | $-12.7M | ||
| Q3 25 | $11.4M | $-2.4M | ||
| Q2 25 | $7.6M | $-73.3M | ||
| Q1 25 | $1.3M | $-44.1M | ||
| Q4 24 | $-5.4M | $-68.7M | ||
| Q3 24 | $17.1M | $-5.7M | ||
| Q2 24 | $1.9M | $10.5M | ||
| Q1 24 | $677.0K | $2.5M |
毛利率OPALRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率OPALRGP
| Q4 25 | 7.5% | -10.3% | ||
| Q3 25 | 4.6% | -1.7% | ||
| Q2 25 | -1.1% | -47.0% | ||
| Q1 25 | -2.3% | -38.4% | ||
| Q4 24 | -0.5% | -52.7% | ||
| Q3 24 | 14.9% | -3.5% | ||
| Q2 24 | 8.1% | 7.6% | ||
| Q1 24 | 5.6% | 2.8% |
净利率OPALRGP
| Q4 25 | 18.3% | -10.8% | ||
| Q3 25 | 14.6% | -2.0% | ||
| Q2 25 | 9.8% | -52.6% | ||
| Q1 25 | 1.5% | -34.0% | ||
| Q4 24 | -7.2% | -47.2% | ||
| Q3 24 | 20.7% | -4.2% | ||
| Q2 24 | 2.7% | 7.1% | ||
| Q1 24 | 1.1% | 1.7% |
每股收益（稀释后）OPALRGP
| Q4 25 | $0.08 | $-0.38 | ||
| Q3 25 | $0.05 | $-0.07 | ||
| Q2 25 | $0.03 | $-2.21 | ||
| Q1 25 | $-0.01 | $-1.34 | ||
| Q4 24 | $-0.05 | $-2.08 | ||
| Q3 24 | $0.09 | $-0.17 | ||
| Q2 24 | $-0.01 | $0.31 | ||
| Q1 24 | $-0.01 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | $361.3M | — |
| 股东权益账面价值 | $-12.9M | $194.6M |
| 总资产 | $959.5M | $289.3M |
| 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OPALRGP
| Q4 25 | $24.4M | $89.8M | ||
| Q3 25 | $29.9M | $77.5M | ||
| Q2 25 | $29.3M | $86.1M | ||
| Q1 25 | $40.1M | $72.5M | ||
| Q4 24 | $24.3M | $78.2M | ||
| Q3 24 | $31.0M | $89.6M | ||
| Q2 24 | $27.6M | $108.9M | ||
| Q1 24 | $34.2M | $113.8M |
总债务OPALRGP
| 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OPALRGP
| Q4 25 | $-12.9M | $194.6M | ||
| Q3 25 | $7.5M | $206.4M | ||
| Q2 25 | $-25.0M | $207.1M | ||
| Q1 25 | $57.1M | $277.8M | ||
| Q4 24 | $-148.4M | $325.7M | ||
| Q3 24 | $-180.1M | $407.2M | ||
| Q2 24 | $-273.0M | $418.8M | ||
| Q1 24 | $-382.4M | $414.9M |
总资产OPALRGP
| Q4 25 | $959.5M | $289.3M | ||
| Q3 25 | $916.7M | $287.2M | ||
| Q2 25 | $905.5M | $304.7M | ||
| Q1 25 | $884.9M | $375.6M | ||
| Q4 24 | $881.1M | $424.9M | ||
| Q3 24 | $831.1M | $512.9M | ||
| Q2 24 | $782.3M | $510.9M | ||
| Q1 24 | $750.5M | $523.2M |
负债/权益比OPALRGP
| 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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.4M | $15.6M |
| 自由现金流率自由现金流/营收 | -15.1% | 13.2% |
| 资本支出强度资本支出/营收 | 11.1% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流OPALRGP
| Q4 25 | $-3.5M | $15.9M | ||
| Q3 25 | $18.2M | $-7.8M | ||
| Q2 25 | $-7.9M | $16.8M | ||
| Q1 25 | $29.7M | $659.0K | ||
| Q4 24 | $-532.0K | $1.8M | ||
| Q3 24 | $17.7M | $-309.0K | ||
| Q2 24 | $533.0K | $3.2M | ||
| Q1 24 | $13.7M | $20.5M |
自由现金流OPALRGP
| Q4 25 | $-13.4M | $15.6M | ||
| Q3 25 | $-9.3M | $-8.0M | ||
| Q2 25 | $-29.7M | $16.5M | ||
| Q1 25 | $18.1M | $238.0K | ||
| Q4 24 | $-55.0M | $61.0K | ||
| Q3 24 | $-5.4M | $-575.0K | ||
| Q2 24 | $-22.5M | $3.0M | ||
| Q1 24 | $-13.0M | $20.4M |
自由现金流率OPALRGP
| Q4 25 | -15.1% | 13.2% | ||
| Q3 25 | -11.9% | -6.6% | ||
| Q2 25 | -38.4% | 11.8% | ||
| Q1 25 | 21.8% | 0.2% | ||
| Q4 24 | -73.8% | 0.0% | ||
| Q3 24 | -6.5% | -0.4% | ||
| Q2 24 | -32.2% | 2.1% | ||
| Q1 24 | -20.4% | 13.5% |
资本支出强度OPALRGP
| Q4 25 | 11.1% | 0.3% | ||
| Q3 25 | 35.3% | 0.1% | ||
| Q2 25 | 28.2% | 0.2% | ||
| Q1 25 | 13.9% | 0.3% | ||
| Q4 24 | 73.1% | 1.2% | ||
| Q3 24 | 27.9% | 0.2% | ||
| Q2 24 | 32.9% | 0.1% | ||
| Q1 24 | 41.8% | 0.1% |
现金转化率OPALRGP
| 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× | 0.30× | ||
| Q1 24 | 20.26× | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
