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OPAL Fuels Inc.（OPAL）与合众银行（WASH）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1.5倍（$88.4M vs $57.8M），合众银行净利率更高（21.8% vs 18.3%，领先3.5%），过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% vs 9.5%）
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。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，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金融机构。它主营银行、投资、抵押贷款等多元金融业务。
OPAL vs WASH — 直观对比
营收规模更大
OPAL
是对方的1.5倍
$57.8M
净利率更高
WASH
高出3.5%
18.3%
两年增速更快
OPAL
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.4M | $57.8M |
| 净利润 | $16.2M | $12.6M |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | — |
| 净利率 | 18.3% | 21.8% |
| 营收同比 | 18.7% | — |
| 净利润同比 | 401.5% | 3.5% |
| 每股收益（稀释后） | $0.08 | $0.66 |
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OPALWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $88.4M | $59.3M | ||
| Q3 25 | $77.9M | $56.5M | ||
| Q2 25 | $77.4M | $54.3M | ||
| Q1 25 | $83.0M | $59.1M | ||
| Q4 24 | $74.5M | $12.4M | ||
| Q3 24 | $82.6M | $48.5M | ||
| Q2 24 | $69.8M | $48.2M |
净利润OPALWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $16.2M | $16.0M | ||
| Q3 25 | $11.4M | $10.8M | ||
| Q2 25 | $7.6M | $13.2M | ||
| Q1 25 | $1.3M | $12.2M | ||
| Q4 24 | $-5.4M | $-60.8M | ||
| Q3 24 | $17.1M | $11.0M | ||
| Q2 24 | $1.9M | $10.8M |
营业利润率OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 34.9% | ||
| Q3 25 | 4.6% | 24.7% | ||
| Q2 25 | -1.1% | 31.6% | ||
| Q1 25 | -2.3% | 26.5% | ||
| Q4 24 | -0.5% | -648.7% | ||
| Q3 24 | 14.9% | 28.5% | ||
| Q2 24 | 8.1% | 28.7% |
净利率OPALWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | 18.3% | 27.0% | ||
| Q3 25 | 14.6% | 19.2% | ||
| Q2 25 | 9.8% | 24.4% | ||
| Q1 25 | 1.5% | 20.6% | ||
| Q4 24 | -7.2% | -491.4% | ||
| Q3 24 | 20.7% | 22.6% | ||
| Q2 24 | 2.7% | 22.4% |
每股收益（稀释后）OPALWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.08 | $0.84 | ||
| Q3 25 | $0.05 | $0.56 | ||
| Q2 25 | $0.03 | $0.68 | ||
| Q1 25 | $-0.01 | $0.63 | ||
| Q4 24 | $-0.05 | $-3.54 | ||
| Q3 24 | $0.09 | $0.64 | ||
| Q2 24 | $-0.01 | $0.63 |
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 | $12.3M |
| 总债务越低越好 | $361.3M | — |
| 股东权益账面价值 | $-12.9M | $546.8M |
| 总资产 | $959.5M | $6.5B |
| 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OPALWASH
| Q1 26 | — | $12.3M | ||
| 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OPALWASH
| 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OPALWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $-12.9M | $543.6M | ||
| Q3 25 | $7.5M | $533.0M | ||
| Q2 25 | $-25.0M | $527.5M | ||
| Q1 25 | $57.1M | $521.7M | ||
| Q4 24 | $-148.4M | $499.7M | ||
| Q3 24 | $-180.1M | $502.2M | ||
| Q2 24 | $-273.0M | $471.0M |
总资产OPALWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $959.5M | $6.6B | ||
| Q3 25 | $916.7M | $6.7B | ||
| Q2 25 | $905.5M | $6.7B | ||
| Q1 25 | $884.9M | $6.6B | ||
| Q4 24 | $881.1M | $6.9B | ||
| Q3 24 | $831.1M | $7.1B | ||
| Q2 24 | $782.3M | $7.2B |
负债/权益比OPALWASH
| 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OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | $-3.5M | $80.3M | ||
| Q3 25 | $18.2M | $39.6M | ||
| Q2 25 | $-7.9M | $11.3M | ||
| Q1 25 | $29.7M | $8.4M | ||
| Q4 24 | $-532.0K | $57.7M | ||
| Q3 24 | $17.7M | $25.7M | ||
| Q2 24 | $533.0K | $11.2M |
自由现金流OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | $-13.4M | $78.3M | ||
| Q3 25 | $-9.3M | $39.3M | ||
| Q2 25 | $-29.7M | $10.9M | ||
| Q1 25 | $18.1M | $8.4M | ||
| Q4 24 | $-55.0M | $53.7M | ||
| Q3 24 | $-5.4M | $24.4M | ||
| Q2 24 | $-22.5M | $9.6M |
自由现金流率OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | -15.1% | 132.2% | ||
| Q3 25 | -11.9% | 69.6% | ||
| Q2 25 | -38.4% | 20.2% | ||
| Q1 25 | 21.8% | 14.2% | ||
| Q4 24 | -73.8% | 433.8% | ||
| Q3 24 | -6.5% | 50.4% | ||
| Q2 24 | -32.2% | 19.8% |
资本支出强度OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 3.4% | ||
| Q3 25 | 35.3% | 0.6% | ||
| Q2 25 | 28.2% | 0.7% | ||
| Q1 25 | 13.9% | 0.1% | ||
| Q4 24 | 73.1% | 32.3% | ||
| Q3 24 | 27.9% | 2.6% | ||
| Q2 24 | 32.9% | 3.4% |
现金转化率OPALWASH
| Q1 26 | — | — | ||
| Q4 25 | -0.22× | 5.03× | ||
| Q3 25 | 1.60× | 3.65× | ||
| Q2 25 | -1.04× | 0.86× | ||
| Q1 25 | 23.11× | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.03× | 2.34× | ||
| Q2 24 | 0.28× | 1.03× |
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% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
