AES vs OPAL
AES Corp. and Opal Fuels Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AES | OPAL |
|---|---|---|
| Revenue | $12.2B | $349.0M |
| Net income | $910.0M | $36.4M |
| Gross margin | 18.1% | · |
| Net margin | 1.3% | 10.4% |
| Return on equity | 23.6% | · |
| Diluted EPS | $1.26 | $0.15 |
| Dividend / share | $0.70 | · |
| Payout ratio | 55.1% | · |
| Free cash flow | $-1.6B | $-34.2M |
| Equity | $4.1B | $-12.9M |
| Net debt / equity | · | · |
| Current ratio | 0.77× | 1.18× |
| Revenue CAGR 5y | 4.8% | · |
| Profit CAGR 5y | 81.7% | · |
AES bills 35.1× the revenue of OPAL, and OPAL keeps more of each dollar of revenue as profit (10.4% against 1.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | AES | OPAL |
|---|---|---|
| FY2025 | $12.2B | $349.0M |
| FY2024 | $12.3B | $300.0M |
| FY2023 | $12.7B | $256.1M |
| FY2022 | $12.6B | $235.5M |
| FY2021 | $11.1B | $166.1M |
Bottom line
| Fiscal year | AES | OPAL |
|---|---|---|
| FY2025 | $910.0M | $36.4M |
| FY2024 | $1.7B | $14.3M |
| FY2023 | $249.0M | $127.0M |
| FY2022 | $-546.0M | $32.6M |
| FY2021 | $-409.0M | $40.8M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$11,884,025,000 | AES |
| FY2024 | +$11,978,028,000 | AES |
| FY2023 | +$12,411,892,000 | AES |
| FY2022 | +$12,381,469,000 | AES |
| FY2021 | +$10,974,876,000 | AES |
AES has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −9.1 pp | OPAL |
| FY2024 | +1.8 pp | AES |
| FY2023 | −51.0 pp | OPAL |
| FY2022 | −17.8 pp | OPAL |
| FY2021 | −33.1 pp | OPAL |
The higher net margin has changed hands between AES and OPAL over this period.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
OPAL's net margin has been more volatile than AES's over the 5 comparable fiscal years — 15.8 percentage points of standard deviation against 5.1.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AES and OPAL over these 5 fiscal years — AES led in 1 and OPAL in 4.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.