OPAL Fuels (OPAL) Gross Margin (2021 - 2026)
OPAL Fuels (OPAL) posted Gross Margin of 51.77% for Q1 2026, up 263.0% sequentially from 31.76% in Q4 2025, and down 3400.0% YoY from 1.57% in Q1 2025.
OPAL Fuels (OPAL) Gross Margin (2021 - 2026) Analysis & Trends
OPAL Fuels has reported Gross Margin for 6 years, with the latest figure at 51.77% in Q1 2026.
- Quarterly Gross Margin fell 3400.0% year-over-year to 51.77% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.5% (down 5157.0% YoY) and the FY2025 annual result came in at 52.21%, down 3494.0% from the prior year.
- Gross Margin rose to 51.77% in Q1 2026 per OPAL's latest filing, from 31.76% in the prior quarter.
- Over five years, Gross Margin peaked at 98.82% in Q1 2023 and troughed at 31.76% in Q4 2025.
- A 5-year average of 68.51% and a median of 84.23% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 8430 bps in 2024, then slumped 11599 bps in 2025.
- Over 5 years, Gross Margin stood at 81.22% in 2022, then slumped by 100 bps to 0.07% in 2023, then surged by 116426 bps to 84.23% in 2024, then sank by 138 bps to 31.76% in 2025, then soared by 263 bps to 51.77% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 51.77%, 31.76%, and 85.88% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.90 Bn | 28.37 Bn | - | - |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 64.62% |
| 3 | Ugi | 8.15 Bn | 7.68 Bn | 573.00 Mn | 43.05% |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | - |
| 5 | New Jersey Resources | 5.56 Bn | 5.52 Bn | 243.61 Mn | 69.77% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 66.08% |
| 7 | Mdu Resources | 4.30 Bn | 4.26 Bn | - | - |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | 74.39% |
| 9 | Centuri Holdings | 2.21 Bn | 2.17 Bn | 69.14 Mn | 7.19% |
| 10 | OPAL Fuels | 64.17 Mn | -28.10 Mn | 43.04 Mn | 51.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.60% |
| Mar 31, 2026 | 51.77% |
| Dec 31, 2025 | -31.76% |
| Sep 30, 2025 | 85.88% |
| Jun 30, 2025 | 51.86% |
| Mar 31, 2025 | 85.77% |
| Dec 31, 2024 | 84.23% |
| Sep 30, 2024 | 90.75% |
| Jun 30, 2024 | 87.46% |
| Mar 31, 2024 | 85.75% |
| Dec 31, 2023 | -0.07% |
| Sep 30, 2023 | 55.15% |
| Jun 30, 2023 | 86.18% |
| Mar 31, 2023 | 98.82% |
| Dec 31, 2022 | 81.22% |
| Sep 30, 2022 | 83.66% |
| Jun 30, 2022 | 85.08% |
| Mar 31, 2022 | 82.86% |
| Dec 31, 2021 | 31.82% |
| Sep 30, 2021 | 74.62% |