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
DateValue
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%