OPAL Fuels Inc.

OPALNASDAQUtilities● Active

$2.15

+$0.06(+2.63%)

Market Cap$60812654

P/E Ratio—

52W High$3.4

52W Low$1.65

Avg Volume228K

Open$2.11

Beta0.77

Free Cash Flow Financials Revenue

OPAL Fuels Inc. (OPAL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

OPAL · free cash flow · updated Jun 8, 2026

Core FCF metrics

OPAL · FCF · TTM · margin & CAGR

Free cash flow was −$34.2M for FY2025 (fiscal year ending 2025-12-31), up 63.7% year-over-year The FCF margin was -9.8%.

FY2025 Free Cash Flow−$34.2M▲ +63.7% YoY

Trailing 12M (TTM)−$58.6Mtrailing 4 quarters sum

FCF Margin-9.8%−$34.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

OPAL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$36.5M(71M)−$34.2M▲ +63.7%-9.8%

FY2024$33.0M(127M)−$94.2M▼ 24.7%-31.4%

FY2023$38.3M(114M)−$75.6M▲ +43.1%-29.5%

FY2022−$1.4M(131M)−$132.8M▼ 87.5%-56.4%

FY2021$18.9M(90M)−$70.8M▼ 212.5%-42.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

OPAL · P/FCF · FCF yield · FCF per share

OPAL Fuels Inc. (OPAL) reported negative free cash flow of −$0.03B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

OPAL · cash flow statement · operating / investing / financing

For FY2025, OPAL Fuels Inc. generated $36.5M in operating cash flow and spent 71M in capital expenditures, yielding −$34.2M in free cash flow.

Operating Activities

+$36.5M

Cash from core business operations

2025-12-31

Investing Activities

−$77.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$41.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($36.5M) − |CapEx| (71M) = FCF (−$34.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

OPAL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

OPAL Fuels Inc.YOU

OPAL

−$34.2M+63.7%-9.8%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

OPAL Fuels Inc. (OPAL) reported free cash flow of −$34.2M for FY2025 (fiscal year ending 2025-12-31), up 63.7% year-over-year. The FCF margin was -9.8%.

OPAL Fuels Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

OPAL free cash flow · 8 questions

OPAL Fuels Inc. free cash flow was −$34.2M for FY2025, up 63.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$58.6M.

OPAL free cash flowOPAL FCFOPAL FCF 2025OPAL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · OPAL Fuels Inc. · OPAL Fuels Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026