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OPAL Fuels Inc.（OPAL）与REGIS CORP（RGS）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REGIS CORP的1.5倍（$88.4M vs $57.1M），OPAL Fuels Inc.净利率更高（18.3% vs 0.8%，领先17.5%），REGIS CORP同比增速更快（22.3% vs 18.7%），REGIS CORP自由现金流更多（$891.0K vs $-13.4M），过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
OPAL vs RGS — 直观对比
营收规模更大
OPAL
是对方的1.5倍
$57.1M
营收增速更快
RGS
高出3.5%
18.7%
净利率更高
OPAL
高出17.5%
0.8%
自由现金流更多
RGS
多$14.3M
$-13.4M
两年增速更快
OPAL
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.4M | $57.1M |
| 净利润 | $16.2M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 10.8% |
| 净利率 | 18.3% | 0.8% |
| 营收同比 | 18.7% | 22.3% |
| 净利润同比 | 401.5% | -94.0% |
| 每股收益（稀释后） | $0.08 | $0.16 |
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OPALRGS
| Q4 25 | $88.4M | $57.1M | ||
| Q3 25 | $77.9M | $59.0M | ||
| Q2 25 | $77.4M | $60.4M | ||
| Q1 25 | $83.0M | $57.0M | ||
| Q4 24 | $74.5M | $46.7M | ||
| Q3 24 | $82.6M | $46.1M | ||
| Q2 24 | $69.8M | $49.4M | ||
| Q1 24 | $64.0M | $49.2M |
净利润OPALRGS
| Q4 25 | $16.2M | $456.0K | ||
| Q3 25 | $11.4M | $1.4M | ||
| Q2 25 | $7.6M | $116.5M | ||
| Q1 25 | $1.3M | $250.0K | ||
| Q4 24 | $-5.4M | $7.6M | ||
| Q3 24 | $17.1M | $-853.0K | ||
| Q2 24 | $1.9M | $91.2M | ||
| Q1 24 | $677.0K | $-2.3M |
营业利润率OPALRGS
| Q4 25 | 7.5% | 10.8% | ||
| Q3 25 | 4.6% | 10.0% | ||
| Q2 25 | -1.1% | 12.1% | ||
| Q1 25 | -2.3% | 8.8% | ||
| Q4 24 | -0.5% | 11.8% | ||
| Q3 24 | 14.9% | 4.6% | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 5.6% | 8.3% |
净利率OPALRGS
| Q4 25 | 18.3% | 0.8% | ||
| Q3 25 | 14.6% | 2.3% | ||
| Q2 25 | 9.8% | 192.9% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | -7.2% | 16.4% | ||
| Q3 24 | 20.7% | -1.9% | ||
| Q2 24 | 2.7% | 184.7% | ||
| Q1 24 | 1.1% | -4.7% |
每股收益（稀释后）OPALRGS
| Q4 25 | $0.08 | $0.16 | ||
| Q3 25 | $0.05 | $0.49 | ||
| Q2 25 | $0.03 | $43.67 | ||
| Q1 25 | $-0.01 | $0.08 | ||
| Q4 24 | $-0.05 | $2.71 | ||
| Q3 24 | $0.09 | $-0.36 | ||
| Q2 24 | $-0.01 | $38.40 | ||
| Q1 24 | $-0.01 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | $361.3M | $113.3M |
| 股东权益账面价值 | $-12.9M | $188.7M |
| 总资产 | $959.5M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资OPALRGS
| Q4 25 | $24.4M | $18.4M | ||
| Q3 25 | $29.9M | $16.6M | ||
| Q2 25 | $29.3M | $17.0M | ||
| Q1 25 | $40.1M | $13.3M | ||
| Q4 24 | $24.3M | $10.2M | ||
| Q3 24 | $31.0M | $6.3M | ||
| Q2 24 | $27.6M | $10.1M | ||
| Q1 24 | $34.2M | $5.9M |
总债务OPALRGS
| Q4 25 | $361.3M | $113.3M | ||
| Q3 25 | $351.2M | $111.3M | ||
| Q2 25 | $331.6M | $110.8M | ||
| Q1 25 | $307.0M | $112.0M | ||
| Q4 24 | $307.5M | $111.5M | ||
| Q3 24 | $252.9M | $95.2M | ||
| Q2 24 | $233.3M | $99.5M | ||
| Q1 24 | $208.7M | $179.7M |
股东权益OPALRGS
| Q4 25 | $-12.9M | $188.7M | ||
| Q3 25 | $7.5M | $187.6M | ||
| Q2 25 | $-25.0M | $185.6M | ||
| Q1 25 | $57.1M | $68.6M | ||
| Q4 24 | $-148.4M | $66.7M | ||
| Q3 24 | $-180.1M | $56.4M | ||
| Q2 24 | $-273.0M | $56.8M | ||
| Q1 24 | $-382.4M | $-35.8M |
总资产OPALRGS
| Q4 25 | $959.5M | $588.3M | ||
| Q3 25 | $916.7M | $592.1M | ||
| Q2 25 | $905.5M | $599.0M | ||
| Q1 25 | $884.9M | $511.2M | ||
| Q4 24 | $881.1M | $530.1M | ||
| Q3 24 | $831.1M | $508.9M | ||
| Q2 24 | $782.3M | $530.5M | ||
| Q1 24 | $750.5M | $543.7M |
负债/权益比OPALRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | 46.95× | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | 5.38× | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| 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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-13.4M | $891.0K |
| 自由现金流率自由现金流/营收 | -15.1% | 1.6% |
| 资本支出强度资本支出/营收 | 11.1% | 1.4% |
| 现金转化率经营现金流/净利润 | -0.22× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-34.2M | $14.9M |
8季度趋势，按日历期对齐
经营现金流OPALRGS
| Q4 25 | $-3.5M | $1.7M | ||
| Q3 25 | $18.2M | $2.3M | ||
| Q2 25 | $-7.9M | $6.8M | ||
| Q1 25 | $29.7M | $6.2M | ||
| Q4 24 | $-532.0K | $2.1M | ||
| Q3 24 | $17.7M | $-1.3M | ||
| Q2 24 | $533.0K | $5.1M | ||
| Q1 24 | $13.7M | $-277.0K |
自由现金流OPALRGS
| Q4 25 | $-13.4M | $891.0K | ||
| Q3 25 | $-9.3M | $1.9M | ||
| Q2 25 | $-29.7M | $6.2M | ||
| Q1 25 | $18.1M | $5.9M | ||
| Q4 24 | $-55.0M | $1.7M | ||
| Q3 24 | $-5.4M | $-1.4M | ||
| Q2 24 | $-22.5M | $5.1M | ||
| Q1 24 | $-13.0M | $-326.0K |
自由现金流率OPALRGS
| Q4 25 | -15.1% | 1.6% | ||
| Q3 25 | -11.9% | 3.2% | ||
| Q2 25 | -38.4% | 10.3% | ||
| Q1 25 | 21.8% | 10.3% | ||
| Q4 24 | -73.8% | 3.6% | ||
| Q3 24 | -6.5% | -3.0% | ||
| Q2 24 | -32.2% | 10.3% | ||
| Q1 24 | -20.4% | -0.7% |
资本支出强度OPALRGS
| Q4 25 | 11.1% | 1.4% | ||
| Q3 25 | 35.3% | 0.7% | ||
| Q2 25 | 28.2% | 0.9% | ||
| Q1 25 | 13.9% | 0.6% | ||
| Q4 24 | 73.1% | 0.9% | ||
| Q3 24 | 27.9% | 0.0% | ||
| Q2 24 | 32.9% | 0.0% | ||
| Q1 24 | 41.8% | 0.1% |
现金转化率OPALRGS
| Q4 25 | -0.22× | 3.65× | ||
| Q3 25 | 1.60× | 1.68× | ||
| Q2 25 | -1.04× | 0.06× | ||
| Q1 25 | 23.11× | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.28× | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
