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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |