OPAL Fuels (OPAL) Net Margin (2021 - 2026)
OPAL Fuels' Net Margin came in at -1.80% for Q2 2026, down 2.79 percentage points from 0.99% a year earlier but up 1.80 percentage points from the prior quarter.
Powered by 
Analysis
OPAL Fuels (OPAL) Net Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, OPAL Fuels reported Net Margin of -0.13%, down 0.61 percentage points year-over-year; for FY2025, it came in at 1.23%, up 1.04 percentage points from FY2024.
- Net Margin carries a three-year change of -0.21 percentage points (FY2022 to FY2025).
- Going back by year, Net Margin was 0.19% in FY2024 (-7.21 pp), 7.39% in FY2023 (+5.95 pp) and 1.44% in FY2022.
- The five-year range for quarterly Net Margin is -58.49% (Q4 2021) to 32.56% (Q2 2023).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2022 (a gain of 65.26 percentage points), and the weakest in Q2 2024 (a drop of 32.78 percentage points).
- Business Quant data shows OPAL's Net Margin at -3.60% (Q1 2026), 2.27% (Q4 2025) and 1.74% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | -105.56% |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 20.74% |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 15.05% |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 0.42% |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | -13.96% |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | -380.51% |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | -1.80% |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | -14.94% |
| 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 | -1.80% |
| Mar 31, 2026 | -3.60% |
| Dec 31, 2025 | 2.27% |
| Sep 30, 2025 | 1.74% |
| Jun 30, 2025 | 0.99% |
| Mar 31, 2025 | -0.28% |
| Dec 31, 2024 | -1.66% |
| Sep 30, 2024 | 2.81% |
| Jun 30, 2024 | -0.22% |
| Mar 31, 2024 | -0.49% |
| Dec 31, 2023 | 3.44% |
| Sep 30, 2023 | -0.56% |
| Jun 30, 2023 | 32.56% |
| Mar 31, 2023 | -3.68% |
| Dec 31, 2022 | 6.77% |
| Sep 30, 2022 | -1.69% |
| Dec 31, 2021 | -58.49% |
| Sep 30, 2021 | 2.10% |
API Access
OPAL Fuels Net 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=net-margin&ticker=OPAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=OPAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();