Clean Energy Fuels vs Opal Fuels
Clean Energy Fuels is the larger business, with $425m of revenue in fiscal 2025 against $349m for Opal Fuels (1.2 times as much). Opal Fuels grew faster (16.3% against 2.2%). Opal Fuels kept more of each dollar of sales as profit: a net margin of 1.2% against -52.3%.
| Latest fiscal year | Clean Energy FuelsCLNE, 2025 | Opal FuelsOPAL, 2025 |
|---|---|---|
| Revenue | $425m | $349m |
| Revenue growth | 2.2% | 16.3% |
| Net income | −$222m | $4.3m |
| Operating margin | -37.6% | 2.1% |
| Net margin | -52.3% | 1.2% |
| Return on equity | -34.9% | — |
| Free cash flow | $59.9m | −$34.2m |
| Cash | $156m | $24.4m |
| Total debt | $250m | $361m |
| Debt to equity | 44.7% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $7.9m | — |
| Employees | 503 | 330 |
| Market value | $345m | $43.9m |
| Price vs our value range | Below our value range | — |
| Moat score | 38 (Weak) | 0 (Weak) |
| Insider trades, 12 months | 3 buys, 1 sales | 14 buys, 0 sales |