OPAL Fuels (OPAL) Gross Margin (2021 - 2026)
OPAL Fuels' Gross Margin was 29.34% in Q2 2026, up 0.24 percentage points from 29.10% a year earlier and up 2.73 percentage points from the prior quarter.
Powered by 
Analysis
OPAL Fuels (OPAL) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, OPAL Fuels' Gross Margin was 29.42% through Jun 30, 2026, down 4.07 percentage points year-over-year; for FY2025, it came in at 30.43%, down 2.95 percentage points from FY2024.
- Gross Margin shows a four-year change of -0.31 percentage points (FY2021 to FY2025).
- In earlier years, Gross Margin was 33.38% in FY2024 (+5.18 pp), 28.19% in FY2023 (-2.69 pp), 30.88% in FY2022 (+0.15 pp) and 30.74% in FY2021.
- Quarterly Gross Margin has moved between -39.46% (Q4 2021) and 98.82% (Q1 2023) over five years.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.94 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2022 (a gain of 82.47 percentage points); the worst was Q1 2024 (a drop of 72.62 percentage points).
- Per Business Quant data, OPAL's Gross Margin in the three quarters before Q2 2026 was 26.61% (Q1 2026), 30.64% (Q4 2025) and 30.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | -0.94% |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 31.63% |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 25.33% |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 28.34% |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 42.58% |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | 29.34% |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 21.56% |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.34% |
| Mar 31, 2026 | 26.61% |
| Dec 31, 2025 | 30.64% |
| Sep 30, 2025 | 30.51% |
| Jun 30, 2025 | 29.10% |
| Mar 31, 2025 | 31.34% |
| Dec 31, 2024 | 34.53% |
| Sep 30, 2024 | 38.88% |
| Jun 30, 2024 | 32.12% |
| Mar 31, 2024 | 26.21% |
| Dec 31, 2023 | 38.40% |
| Sep 30, 2023 | 27.93% |
| Jun 30, 2023 | 20.34% |
| Mar 31, 2023 | 98.82% |
| Dec 31, 2022 | 43.00% |
| Sep 30, 2022 | 25.84% |
| Jun 30, 2022 | 25.54% |
| Mar 31, 2022 | 27.04% |
| Dec 31, 2021 | -39.46% |
| Sep 30, 2021 | 29.01% |
API Access
OPAL Fuels Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=OPAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OPAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=OPAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();