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Clean Energy Fuels vs Opal Fuels: CLNE and OPAL compared
Clean Energy Fuels is the larger company: $112M of revenue in its latest quarter (Q3 2026) against $83.4M for Opal Fuels (Q2 2026). Clean Energy Fuels is growing faster (+6% against +4% a year earlier). Clean Energy Fuels is more profitable, with an operating margin of 0.9% against -3.6%.
Where the money goes: CLNE and OPAL
Clean Energy Fuels (CLNE) · Q3 2026
Clean Energy Fuels, Q3 2026: revenue $112M (+6% year over year), operating margin 0.9%, net loss $1.9M, operating cash flow $36.2M. The chart follows the revenue to costs, profit and cash.
Opal Fuels (OPAL) · Q2 2026
Opal Fuels, Q2 2026: revenue $83.4M (+4% year over year), operating margin -3.6%, net loss $4.1M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Clean Energy Fuels (CLNE) | Opal Fuels (OPAL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $112M | $83.4M |
| Revenue growth, Y/Y | +6% | +4% |
| Operating margin | 0.9% | -3.6% |
| Net earnings | −$1.9M | −$4.1M |
| Net margin | -1.7% | -5.0% |
| Operating cash flow | $36.2M | $10.8M |
| Free cash flow | $28.4M | — |
Where the revenue comes from
Clean Energy Fuels
- Product: $96.3M (86%)
- Service: $15.6M (14%)
- Other services: $476K (0%)
Opal Fuels
- Fuel Station Services: $53.1M (64%)
- RNG fuel: $23.8M (29%)
- Renewable Power Segment: $6.5M (8%)
Questions
Which is bigger, Clean Energy Fuels or Opal Fuels?
Clean Energy Fuels is the larger company: $112M of revenue in its latest quarter (Q3 2026) against $83.4M for Opal Fuels (Q2 2026).
Is Clean Energy Fuels or Opal Fuels growing faster?
Clean Energy Fuels is growing faster (+6% against +4% a year earlier).
Which is more profitable, Clean Energy Fuels or Opal Fuels?
Clean Energy Fuels is more profitable, with an operating margin of 0.9% against -3.6%.
More: Clean Energy Fuels earnings · how Clean Energy Fuels makes money · Opal Fuels earnings · how Opal Fuels makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.