OPAL Fuels OPAL
NASDAQ OPAL
$1.85 -0.07 (-3.64%)
As of: Sep 9, 2026 · 3:59 PM EDT

OPAL Fuels (OPAL) Gross Margin (2021 - 2026)

OPAL Fuels' (OPAL) quarterly Gross Margin came in at 51.6% in Q2 2026, down 26.0% year-over-year from 69.73% in Q2 2025, and little changed quarter-over-quarter from 51.77% in Q1 2026.

Analysis

OPAL Fuels (OPAL) Gross Margin (2021 - 2026) Analysis & Trends

OPAL Fuels has disclosed Gross Margin across 6 years of filings, most recently posting 51.6% for Q2 2026.

  • In Q2 2026, Gross Margin fell 26.0% year-over-year to 51.6%; the TTM figure through Jun 2026 stood at 51.73% (down 403.0% YoY), while the FY2025 annual figure was 52.21%, down 485.0% from the prior year.
  • Gross Margin came in at 51.6% for Q2 2026 at OPAL Fuels, roughly flat from 51.77% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 98.82% in Q1 2023 to a low of 50.08% in Q2 2023.
  • Average Gross Margin over 5 years is 57.49%, with a median of 54.41% recorded in 2022.
  • Year-over-year, Gross Margin soared 3891 bps in 2023 and plunged 4553 bps in 2024.
  • Over 5 years, Gross Margin stood at 62.96% in 2022, then declined by 6 bps to 59.01% in 2023, then slipped by 2 bps to 57.61% in 2024, then slipped by 10 bps to 51.79% in 2025, then fell by 0 bps to 51.6% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 51.6% in Q2 2026, 51.77% in Q1 2026, and 51.79% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Rex American Resources 1.41 Bn 1.03 Bn 53.30 Mn 31.63%
2 Green Plains 1.08 Bn 836.45 Mn 113.03 Mn 25.33%
3 Gevo 373.36 Mn 315.21 Mn 19.80 Mn 42.58%
4 Clean Energy Fuels 362.32 Mn 222.17 Mn 42.05 Mn 39.54%
5 Montauk Renewables 355.25 Mn 339.48 Mn 52.02 Mn 96.31%
6 Aemetis 130.78 Mn 129.81 Mn 13.52 Mn 21.56%
7 OPAL Fuels 55.13 Mn -37.15 Mn 43.04 Mn 51.60%
8 Blue Biofuels 33.41 Mn 33.38 Mn - -
9 Verde Clean Fuels 30.24 Mn -23.32 Mn - -
10 Clean Vision 6.33 Mn 6.33 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 51.60%
Mar 31, 2026 51.77%
Dec 31, 2025 51.79%
Sep 30, 2025 51.74%
Jun 30, 2025 51.86%
Mar 31, 2025 53.49%
Dec 31, 2024 57.61%
Sep 30, 2024 60.01%
Jun 30, 2024 56.39%
Mar 31, 2024 53.30%
Dec 31, 2023 59.01%
Sep 30, 2023 55.15%
Jun 30, 2023 50.08%
Mar 31, 2023 98.82%
Dec 31, 2022 62.96%
Sep 30, 2022 53.66%
Jun 30, 2022 55.60%
Mar 31, 2022 59.91%
Dec 31, 2021 78.64%
Sep 30, 2021 67.24%