Last 22 quarters of trend data · Utilities · Regulated Gas
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 147.3% YoY to 31.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.40 | — | 7.60 | 11.00 | 22.08 | — | — | 10.72 | — | — | 12.55 | — | 2.83 |
| — | — | — | +2.6% | — | — | — | — | — | — | +24.1% | — | -85.2% | |
| P/S Ratio | 0.15 | 0.24 | 0.17 | 0.20 | 0.23 | 0.15 | 0.30 | 0.30 | 0.40 | 0.53 | 0.45 | 0.78 | 0.92 |
| — | +64.2% | -42.7% | -35.2% | -42.9% | -72.2% | -32.4% | -61.3% | -56.8% | -52.4% | -36.6% | -3.2% | -21.5% | |
| P/B Ratio | 0.11 | 0.14 | 0.14 | 0.13 | 0.15 | 0.11 | 0.21 | 0.22 | 0.25 | 0.30 | 0.34 | 0.51 | 0.45 |
| — | +26.9% | -33.2% | -37.4% | -40.0% | -63.7% | -38.8% | -57.4% | -44.7% | -42.3% | -31.7% | -24.5% | — | |
| P/FCF | — | — | — | — | — | 0.70 | — | — | — | — | 2.68 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.57 | 31.43 | 8.69 | 10.62 | — | 12.71 | 19.58 | 4.73 | 8.27 | 10.96 | 3.27 | 13.34 | — |
| — | +147.3% | -55.6% | +124.5% | — | +15.9% | +498.7% | -64.6% | — | — | -55.1% | -80.3% | — | |
| EV / EBIT | 78.11 | — | 17.39 | 26.14 | — | 546.87 | — | 6.59 | 13.69 | 19.72 | 4.73 | 35.54 | 0.73 |
| — | — | — | +296.8% | — | +2673.2% | — | -81.5% | +1776.2% | — | -86.1% | +181.0% | -96.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
OPAL Fuels Inc.'s operating margin was -3.5% in Q1 2026, down 9.4 pp QoQ and down 3.6 pp YoY. The trailing four-quarter average of -0.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 23.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.0% | 19.5% | 25.0% | 27.5% | 19.8% | 25.6% | 34.5% | 38.9% | 28.1% | 26.2% | 38.6% | 27.9% | 19.3% |
| — | -23.6% | -27.7% | -29.4% | -29.6% | -2.4% | -10.6% | +39.2% | +45.9% | +65.7% | +15.8% | +8.1% | -24.5% | |
| Operating Margin | 1.4% | -3.5% | 5.9% | 4.3% | -7.2% | 0.2% | -0.4% | 14.6% | 8.0% | 5.5% | 24.6% | 5.1% | -13.4% |
| — | -2155.0% | +1465.3% | -70.6% | -189.3% | -96.9% | -101.8% | +189.3% | +159.9% | +122.3% | +100.5% | +274.1% | -408.4% | |
| Net Margin | 4.2% | 9.3% | 4.9% | 4.9% | 4.4% | 2.7% | 1.6% | 5.9% | 3.5% | 3.5% | 6.4% | 3.4% | 37.7% |
| — | +239.7% | +204.9% | -17.6% | +26.6% | -22.5% | -75.1% | +76.8% | -90.8% | +28.6% | -41.5% | +45.4% | +1069.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 1.4% | 1.0% | 0.9% | 0.7% | 0.5% | 0.3% | 1.1% | 0.5% | 0.5% | 1.3% | 0.5% | 5.1% |
| — | +166.4% | +262.5% | -21.0% | +34.2% | +1.4% | -78.1% | +100.9% | -89.4% | +58.2% | -40.6% | -48.0% | +47.3% | |
| ROA | 1.6% | 0.7% | 0.5% | 0.4% | 0.4% | 0.3% | 0.2% | 0.6% | 0.3% | 0.3% | 0.8% | 0.3% | 3.2% |
| — | +152.9% | +247.0% | -27.7% | +18.7% | -11.8% | -80.7% | +76.5% | -90.1% | +61.7% | -31.4% | +10.5% | +597.1% | |
| ROIC | 0.5% | -0.2% | 0.5% | 0.3% | -0.6% | 0.0% | -0.0% | 1.3% | 0.7% | 0.4% | 2.6% | 0.5% | -1.0% |
| — | -1657.4% | +1609.0% | -74.6% | -184.7% | -96.5% | -101.4% | +196.4% | +163.4% | +126.9% | +116.7% | +176.1% | -187.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
OPAL Fuels Inc.'s Debt/EBITDA ratio is 146.3x, up from 31.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 91.9% YoY to 2.20x, strengthening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.87 | 0.73 | 0.73 | 0.70 | 0.66 | 0.67 | 0.55 | 0.52 | 0.46 | 0.46 | 0.43 | 0.34 |
| — | +31.5% | +9.9% | +34.2% | +35.2% | +43.0% | +45.1% | +26.6% | +52.4% | +5.0% | -3.2% | -36.7% | — | |
| Debt / EBITDA | 12.52 | 146.28 | 31.01 | 38.62 | — | 49.10 | 63.57 | 14.38 | 23.67 | 28.88 | 8.42 | 25.47 | — |
| — | +197.9% | -51.2% | +168.7% | — | +70.0% | +654.9% | -43.6% | — | — | -47.4% | -82.4% | — | |
| Current Ratio | 1.18 | 2.20 | 1.18 | 1.47 | 1.26 | 1.15 | 1.13 | 1.25 | 1.29 | 1.40 | 1.72 | 1.86 | 0.88 |
| — | +91.9% | +4.1% | +17.3% | -2.7% | -18.3% | -34.3% | -32.5% | +47.4% | +36.0% | +24.3% | +21.8% | -88.2% | |
| Quick Ratio | 1.07 | 2.07 | 1.07 | 1.33 | 1.12 | 1.02 | 1.03 | 1.15 | 1.16 | 1.25 | 1.59 | 1.65 | 0.78 |
| — | +103.4% | +3.9% | +15.7% | -3.1% | -18.8% | -34.9% | -30.5% | +48.0% | +30.7% | +18.5% | +11.4% | -89.4% | |
| Interest Coverage | 0.18 | -0.38 | 0.81 | 0.54 | -0.84 | 0.02 | -0.01 | 2.35 | 1.10 | 0.88 | 3.26 | 0.92 | 115.10 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying OPAL stock.
OPAL Fuels Inc.'s current P/E is 12.4x. The average P/E over the last 3 quarters is 13.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
OPAL Fuels Inc.'s current operating margin is 1.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking OPAL Fuels Inc.'s business trajectory between earnings reports.