OPAL Fuels Inc. (OPAL) Financial Ratios
7 years of historical data (2019–2025) · Utilities · Regulated Gas
EV/EBITDA
↓
13.57
-9% vs avg
5yr avg: 14.89
30Y Low9.7·High20.3
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.11
↓-86% vs avg
5yr avg: 0.76
30Y Low0.1·High2.6
ROE
↑
3.1%
-14% vs avg
5yr avg: 3.6%
30Y Low-101%·High7%
Debt/EBITDA
↑
12.52
↑+28% vs avg
5yr avg: 9.82
30Y Low7.9·High13.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OPAL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OPAL Fuels Inc. trades at 12.4x earnings, 75% below its 5-year average of 50.6x, sitting at the 40th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a discount of 35%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $54M | $69M | $94M | $152M | $190M | $251M | — | — |
| Enterprise Value | $382M | $397M | $380M | $324M | $329M | $441M | — | — |
| P/E Ratio → | 12.40 | 15.70 | 167.00 | 8.00 | 56.00 | 6.09 | — | — |
| P/S Ratio | 0.15 | 0.20 | 0.31 | 0.59 | 0.81 | 1.51 | — | — |
| P/B Ratio | 0.11 | 0.14 | 0.20 | 0.33 | 0.50 | 2.65 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | 1.48 | 1.89 | 2.84 | 3.97 | — | 13.32 | — | — |
P/E links to full P/E history page with 30-year chart
OPAL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OPAL Fuels Inc.'s enterprise value stands at 13.6x EBITDA, 9% below its 5-year average of 14.9x. The Utilities sector median is 11.9x, placing the stock at a 14% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 1.27 | 1.27 | 1.40 | 2.65 | — | — |
| EV / EBITDA | 13.57 | 14.10 | 9.66 | 14.91 | 15.41 | 20.34 | — | — |
| EV / EBIT | 78.11 | 81.17 | 16.65 | 2.38 | 8.32 | 9.27 | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
OPAL Profitability
Margins and return-on-capital ratios measuring operating efficiency
OPAL Fuels Inc. earns an operating margin of 1.4%, below the Utilities sector average of 18.5%. Operating margins have compressed from 2.7% to 1.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 3.1% is modest, trailing the sector median of 9.3%. ROIC of 0.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.0% | 24.0% | 33.4% | 28.2% | 30.9% | 30.7% | 23.4% | 24.0% |
| Operating Margin | 1.4% | 1.4% | 7.1% | 2.7% | 3.2% | 6.6% | -15.2% | 0.7% |
| Net Profit Margin | 4.2% | 4.2% | 3.7% | 11.7% | 4.8% | 0.1% | -21.5% | -4.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 2.4% | 7.2% | 4.8% | 0.3% | -100.9% | -26.5% |
| ROA | 1.6% | 1.6% | 1.3% | 4.3% | 2.2% | 0.1% | -15.1% | -3.2% |
| ROIC | 0.5% | 0.5% | 2.3% | 0.9% | 1.4% | 4.1% | -10.9% | — |
| ROCE | 0.6% | 0.6% | 2.9% | 1.2% | 2.1% | 6.0% | -14.9% | 0.7% |
OPAL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OPAL Fuels Inc. carries a Debt/EBITDA ratio of 12.5x, which is highly leveraged (141% above the sector average of 5.2x). Net debt stands at $328M ($352M total debt minus $24M cash). Interest coverage of just 0.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.71 | 0.67 | 0.46 | 0.48 | 2.41 | 3.41 | 5.80 |
| Debt / EBITDA | 12.52 | 12.52 | 7.89 | 9.69 | 8.42 | 10.57 | — | 13.24 |
| Net Debt / Equity | — | 0.66 | 0.62 | 0.38 | 0.37 | 2.00 | 2.99 | 5.25 |
| Net Debt / EBITDA | 11.65 | 11.65 | 7.27 | 7.93 | 6.52 | 8.75 | — | 11.99 |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.18 | 0.18 | 1.06 | 12.76 | 5.69 | 6.98 | -0.25 | 0.16 |
OPAL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means OPAL Fuels Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.72x to 1.18x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 1.13 | 1.72 | 1.39 | 0.61 | 1.19 | 0.92 |
| Quick Ratio | 1.07 | 1.07 | 1.03 | 1.59 | 1.34 | 0.58 | 1.10 | 0.85 |
| Cash Ratio | 0.23 | 0.23 | 0.23 | 0.65 | 0.69 | 0.28 | 0.30 | 0.21 |
| Asset Turnover | — | 0.36 | 0.34 | 0.34 | 0.37 | 0.44 | 0.69 | 0.72 |
| Inventory Turnover | 24.19 | 24.19 | 19.41 | 18.05 | 22.27 | 22.37 | 21.25 | 24.01 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
OPAL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OPAL Fuels Inc. returns 19.2% to shareholders annually primarily through dividends. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 19.2% | 15.2% | 13.9% | 10.9% | — | 1.5% | — | — |
| Payout Ratio | — | — | — | — | — | 1759.5% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 6.4% | 0.6% | 12.5% | 1.8% | 16.4% | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 10.8% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 19.2% | 15.2% | 13.9% | 21.7% | 0.0% | 1.5% | — | — |
| Shares Outstanding | — | $29M | $28M | $27M | $26M | $25M | $25M | $25M |
Peer Comparison
Compare OPAL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OPALYou | $54M | 12.4 | 13.6 | — | 24.0% | 1.4% | 3.1% | 0.5% | 12.5 |
 CLNE | $410M | -1.8 | 74.1 | 6.8 | 4.2% | -22.0% | -34.6% | -9.4% | 20.9 |
 GPRE | $1B | -8.2 | 96.0 | 16.1 | 1.8% | -4.0% | -14.7% | -5.2% | 35.8 |
 GEVO | $375M | -11.0 | 83.8 | — | 30.2% | -11.7% | -7.0% | -2.8% | 25.9 |
 REX | $1B | 17.5 | 16.4 | 29.2 | 14.4% | 9.4% | 12.3% | 9.1% | 0.3 |
 AMTX | $134M | -1.5 | — | — | -0.4% | -17.9% | — | -70.3% | — |
 PESI | $204M | -14.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 BWXT | $19B | 57.2 | 47.0 | 63.7 | 22.9% | 10.1% | 28.5% | 10.1% | 4.7 |
 WM | $87B | 32.0 | 14.6 | 30.7 | 29.1% | 18.3% | 29.7% | 10.7% | 3.1 |
 RSG | $63B | 29.9 | 12.1 | 26.2 | 42.0% | 20.0% | 18.3% | 13.5% | 0.1 |
 CWST | $5B | 724.8 | 16.0 | 64.3 | 17.1% | 4.9% | 0.5% | 2.6% | 3.0 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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OPAL — Frequently Asked Questions
Quick answers to the most common questions about buying OPAL stock.
What is OPAL Fuels Inc.'s P/E ratio?
OPAL Fuels Inc.'s current P/E ratio is 12.4x. The historical average is 50.6x. This places it at the 40th percentile of its historical range.
What is OPAL Fuels Inc.'s EV/EBITDA?
OPAL Fuels Inc.'s current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.9x.
What is OPAL Fuels Inc.'s ROE?
OPAL Fuels Inc.'s return on equity (ROE) is 3.1%. The historical average is -15.7%.
Is OPAL stock overvalued?
Based on historical data, OPAL Fuels Inc. is trading at a P/E of 12.4x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is OPAL Fuels Inc.'s dividend yield?
OPAL Fuels Inc.'s current dividend yield is 19.24%.
What are OPAL Fuels Inc.'s profit margins?
OPAL Fuels Inc. has 24.0% gross margin and 1.4% operating margin.
How much debt does OPAL Fuels Inc. have?
OPAL Fuels Inc.'s Debt/EBITDA ratio is 12.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.