OPAL vs UGI
Opal Fuels Inc. and UGI Corp., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | OPAL | UGI |
|---|---|---|
| Revenue | $349.0M | $7.3B |
| Net income | $36.4M | $678.0M |
| Gross margin | · | 49.9% |
| Net margin | 10.4% | 9.3% |
| Return on equity | · | 14.9% |
| Diluted EPS | $0.15 | $3.09 |
| Dividend / share | · | $1.50 |
| Payout ratio | · | 47.5% |
| Free cash flow | $-34.2M | $390.0M |
| Equity | $-12.9M | $4.8B |
| Net debt / equity | · | 1.32× |
| Current ratio | 1.18× | 0.89× |
| Revenue CAGR 5y | · | 2.1% |
| Profit CAGR 5y | · | 5.0% |
UGI bills 20.9× the revenue of OPAL, and OPAL keeps more of each dollar of revenue as profit (10.4% against 9.3%).
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 | OPAL | UGI |
|---|---|---|
| FY2025 | $349.0M | $7.3B |
| FY2024 | $300.0M | $7.2B |
| FY2023 | $256.1M | $8.9B |
| FY2022 | $235.5M | $10.1B |
| FY2021 | $166.1M | $7.4B |
Bottom line
| Fiscal year | OPAL | UGI |
|---|---|---|
| FY2025 | $36.4M | $678.0M |
| FY2024 | $14.3M | $269.0M |
| FY2023 | $127.0M | $-1.5B |
| FY2022 | $32.6M | $1.1B |
| FY2021 | $40.8M | $1.5B |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$6,938,025,000 | UGI |
| FY2024 | −$6,910,028,000 | UGI |
| FY2023 | −$8,671,892,000 | UGI |
| FY2022 | −$9,870,469,000 | UGI |
| FY2021 | −$7,280,876,000 | UGI |
UGI has reported the higher revenue in every one of these 5 fiscal years. The gap has narrowed since the earliest year compared.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.1 pp | OPAL |
| FY2024 | +1.0 pp | OPAL |
| FY2023 | +66.4 pp | OPAL |
| FY2022 | +3.2 pp | OPAL |
| FY2021 | +4.8 pp | OPAL |
OPAL has kept the higher net margin in every one of these 5 fiscal years.
5 of 18 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 UGI's over the 5 comparable fiscal years — 15.8 percentage points of standard deviation against 12.2.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
OPAL led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.