OPAL Fuels (OPAL) Net Margin (2021 - 2026)

OPAL Fuels (OPAL) posted Net Margin of 3.6% for Q1 2026, down 258.37% sequentially from 2.27% in Q4 2025, and down 333.0% YoY from 1.55% in Q1 2025.

OPAL Fuels (OPAL) Net Margin (2021 - 2026) Analysis & Trends

OPAL Fuels has reported Net Margin for 6 years, with the latest figure at 3.6% in Q1 2026.

Quarterly Net Margin fell 333.0% year-over-year to 3.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.56% (up 36.0% YoY) and the FY2025 annual result came in at 1.23%, up 104.0% from the prior year.
Net Margin retreated to 3.6% in Q1 2026 per OPAL's latest filing, from 2.27% in the prior quarter.
Over five years, Net Margin peaked at 32.56% in Q2 2023 and troughed at 3.68% in Q1 2023.
A 5-year average of 2.56% and a median of 0.22% in 2024 frame the typical range for Net Margin.
The sharpest annual moves came in 2024 and 2025: Net Margin slumped 3278 bps in 2024, then surged 394 bps in 2025.
Over 5 years, Net Margin stood at 6.77% in 2022, then plunged by 49 bps to 3.44% in 2023, then plunged by 148 bps to 1.66% in 2024, then soared by 237 bps to 2.27% in 2025, then tumbled by 258 bps to 3.6% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 3.6%, 2.27%, and 1.74% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Atmos Energy	28.90 Bn	28.37 Bn	-	27.61%
2	Nisource	20.09 Bn	20.02 Bn	867.50 Mn	3.39%
3	Ugi	8.15 Bn	7.68 Bn	573.00 Mn	-9.99%
4	Black Hills	5.61 Bn	5.53 Bn	-	8.92%
5	New Jersey Resources	5.56 Bn	5.52 Bn	243.61 Mn	2.32%
6	ONE Gas	5.16 Bn	5.13 Bn	272.01 Mn	11.37%
7	Mdu Resources	4.30 Bn	4.26 Bn	-	5.66%
8	Chesapeake Utilities	3.30 Bn	3.28 Bn	150.20 Mn	12.58%
9	Centuri Holdings	2.21 Bn	2.17 Bn	69.14 Mn	0.64%
10	OPAL Fuels	64.17 Mn	-28.10 Mn	43.04 Mn	-1.80%

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