OPAL Fuels (OPAL) Gross Margin (2021 - 2026)
OPAL Fuels' (OPAL) quarterly Gross Margin came in at 51.77% in Q1 2026, down 3400.0% year-on-year from 1.57% in Q1 2025, and down 69.47% quarter-over-quarter from 169.57% in Q4 2025.
OPAL Fuels (OPAL) Gross Margin (2021 - 2026) Analysis & Trends
OPAL Fuels has disclosed Gross Margin across 6 years of filings, most recently posting 51.77% for Q1 2026.
- Gross Margin for Q1 2026 came in at 51.77%, down 3400.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 104.55% (up 2464.0% YoY), and the FY2025 annual result was 85.88%, up 2882.0% from the prior year.
- Gross Margin came in at 51.77% for Q1 2026 at OPAL Fuels, down from 169.57% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 169.57% in Q4 2025 to a low of 7.62% in Q4 2022.
- The 5-year median for Gross Margin is 85.77% (2025), against an average of 79.13%.
- Across the five-year window, Gross Margin slumped 8914 bps in 2022 and jumped 11196 bps in 2025, its largest moves.
- OPAL Fuels' Gross Margin stood at 7.62% in 2022, then surged by 1287 bps to 90.46% in 2023, then sank by 36 bps to 57.61% in 2024, then surged by 194 bps to 169.57% in 2025, then tumbled by 69 bps to 51.77% in 2026.
- The last three Gross Margin figures came in at 51.77% (Q1 2026), 169.57% (Q4 2025), and 85.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | - |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 78.93% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 55.79% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 88.02% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | - |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 52.68% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | - |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 4.94% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 41.08% |
| 10 | OPAL Fuels | 59.29 Mn | -64.67 Mn | 37.99 Mn | 51.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 51.77% |
| Dec 31, 2025 | 169.57% |
| Sep 30, 2025 | 85.88% |
| Jun 30, 2025 | 91.43% |
| Mar 31, 2025 | 85.77% |
| Dec 31, 2024 | 57.61% |
| Sep 30, 2024 | 88.12% |
| Jun 30, 2024 | 88.27% |
| Mar 31, 2024 | 85.75% |
| Dec 31, 2023 | 90.46% |
| Sep 30, 2023 | 84.37% |
| Jun 30, 2023 | 50.08% |
| Mar 31, 2023 | 98.82% |
| Dec 31, 2022 | -7.62% |
| Sep 30, 2022 | 53.66% |
| Jun 30, 2022 | 85.08% |
| Mar 31, 2022 | 86.19% |
| Dec 31, 2021 | 81.52% |
| Sep 30, 2021 | 67.24% |