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OPAL Fuels Inc is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas. The company is also engaged in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-de-carbonize industrial sectors. The company designs, develops, constructs, operates, and services Fueling Stations for trucking fleets across the country that use natural gas to displace diesel as their transportation fuel. The company derives revenue from the sale of Renewable Power, design, development, construction, and service of Fueling Stations, and sales of RNG produced by OPAL and third parties as pipeline-quality natural gas.
2021
342
LTM Revenue $325M
LTM EBITDA $93.8M
$371M
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OPAL Fuels has a last 12-month revenue (LTM) of $325M and a last 12-month EBITDA of $93.8M.
In the most recent fiscal year, OPAL Fuels achieved revenue of $300M and an EBITDA of $41.0M.
OPAL Fuels expects next 12-month revenue of XXX and NTM EBITDA of XXX
See OPAL Fuels valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $325M | XXX | $300M | XXX | XXX | XXX |
| Gross Profit | $110M | XXX | $100M | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $93.8M | XXX | $41.0M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 14% | XXX | XXX | XXX |
| EBIT | $36.4M | XXX | $29.1M | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $12.6M | XXX | $11.0M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $273M | XXX | XXX | XXX |
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As of May 30, 2025, OPAL Fuels's stock price is $4.
OPAL Fuels has current market cap of $103M, and EV of $371M.
See OPAL Fuels trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $371M | $103M | XXX | XXX | XXX | XXX | $0.12 |
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Start Free TrialAs of May 30, 2025, OPAL Fuels has market cap of $103M and EV of $371M.
OPAL Fuels's trades at 1.2x EV/Revenue multiple, and 9.1x EV/EBITDA.
Equity research analysts estimate OPAL Fuels's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
OPAL Fuels has a P/E ratio of 8.2x.
See valuation multiples for OPAL Fuels and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $103M | XXX | $103M | XXX | XXX | XXX |
| EV (current) | $371M | XXX | $371M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 4.0x | XXX | 9.1x | XXX | XXX | XXX |
| EV/EBIT | 10.2x | XXX | 12.7x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 8.2x | XXX | 9.3x | XXX | XXX | XXX |
| EV/FCF | -3.6x | XXX | -3.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialOPAL Fuels's last 12 month revenue growth is 20%
OPAL Fuels's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.
OPAL Fuels's rule of 40 is 79% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
OPAL Fuels's rule of X is 78% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for OPAL Fuels and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | -19% | XXX | XXX | XXX |
| Rule of 40 | 79% | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 78% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 24% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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OPAL Fuels acquired XXX companies to date.
Last acquisition by OPAL Fuels was XXXXXXXX, XXXXX XXXXX XXXXXX . OPAL Fuels acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was OPAL Fuels founded? | OPAL Fuels was founded in 2021. |
| Where is OPAL Fuels headquartered? | OPAL Fuels is headquartered in United States of America. |
| How many employees does OPAL Fuels have? | As of today, OPAL Fuels has 342 employees. |
| Who is the CEO of OPAL Fuels? | OPAL Fuels's CEO is Mr. Jonathan Maurer. |
| Is OPAL Fuels publicy listed? | Yes, OPAL Fuels is a public company listed on NAS. |
| What is the stock symbol of OPAL Fuels? | OPAL Fuels trades under OPAL ticker. |
| When did OPAL Fuels go public? | OPAL Fuels went public in 2022. |
| Who are competitors of OPAL Fuels? | Similar companies to OPAL Fuels include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of OPAL Fuels? | OPAL Fuels's current market cap is $103M |
| What is the current revenue of OPAL Fuels? | OPAL Fuels's last 12 months revenue is $325M. |
| What is the current revenue growth of OPAL Fuels? | OPAL Fuels revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of OPAL Fuels? | Current revenue multiple of OPAL Fuels is 1.1x. |
| Is OPAL Fuels profitable? | Yes, OPAL Fuels is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of OPAL Fuels? | OPAL Fuels's last 12 months EBITDA is $93.8M. |
| What is OPAL Fuels's EBITDA margin? | OPAL Fuels's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of OPAL Fuels? | Current EBITDA multiple of OPAL Fuels is 4.0x. |
| What is the current FCF of OPAL Fuels? | OPAL Fuels's last 12 months FCF is -$102M. |
| What is OPAL Fuels's FCF margin? | OPAL Fuels's last 12 months FCF margin is -31%. |
| What is the current EV/FCF multiple of OPAL Fuels? | Current FCF multiple of OPAL Fuels is -3.6x. |
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