Clean Energy Fuels (CLNE) Financials

$1.83 -0.04 (-2.14%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$1.82 -0.01 (-0.55%)

As of 07:22 AM Eastern

Annual Income Statements for Clean Energy Fuels

This table shows Clean Energy Fuels' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-83	-99	-59
Consolidated Net Income / (Loss)	-84	-100	-60
Net Income / (Loss) Continuing Operations	-84	-100	-60
Total Pre-Tax Income	-81	-101	-59
Total Operating Income	-36	-76	-52
Total Gross Profit	128	82	112
Total Revenue	416	425	420
Operating Revenue	416	425	420
Total Cost of Revenue	288	344	308
Operating Cost of Revenue	288	344	308
Total Operating Expenses	165	158	164
Selling, General & Admin Expense	112	112	109
Depreciation Expense	45	46	55
Impairment Charge	8.10	0.00	0.00
Total Other Income / (Expense), net	-45	-24	-7.66
Interest Expense	32	23	6.31
Interest & Investment Income	-13	-1.36	-1.45
Other Income / (Expense), net	0.11	0.17	0.10
Income Tax Expense	2.69	-0.42	0.22
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.62	-0.60	-0.86
Basic Earnings per Share	($0.37)	($0.45)	($0.26)
Weighted Average Basic Shares Outstanding	223.35M	222.90M	222.41M
Diluted Earnings per Share	($0.37)	($0.45)	($0.26)
Weighted Average Diluted Shares Outstanding	223.35M	222.90M	222.41M
Weighted Average Basic & Diluted Shares Outstanding	223.61M	223.24M	222.73M

This table shows Clean Energy Fuels' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-30	-18	-16	-18	-19	-26	-16	-39	-12	-8.97
Consolidated Net Income / (Loss)	-30	-18	-16	-19	-19	-26	-16	-39	-13	-9.09
Net Income / (Loss) Continuing Operations	-30	-18	-16	-19	-19	-26	-16	-39	-13	-9.09
Total Pre-Tax Income	-28	-18	-16	-19	-19	-26	-17	-39	-13	-8.98
Total Operating Income	-13	-8.53	-5.59	-9.31	-6.57	-21	-13	-35	-11	-8.63
Total Gross Profit	35	32	34	28	29	21	26	4.92	30	38
Total Revenue	109	105	98	104	107	96	91	132	114	126
Operating Revenue	109	105	98	104	107	96	91	132	114	126
Total Cost of Revenue	75	73	64	76	78	74	64	127	84	87
Operating Cost of Revenue	75	73	64	76	78	74	64	127	84	87
Total Operating Expenses	47	40	40	37	36	43	39	40	41	47
Selling, General & Admin Expense	28	29	28	26	25	29	29	30	29	27
Depreciation Expense	11	11	11	11	11	13	11	11	12	21
Total Other Income / (Expense), net	-15	-9.74	-10	-9.48	-13	-4.63	-3.49	-3.48	-1.42	-0.35
Interest Expense	8.14	8.36	7.92	7.76	10	3.89	4.37	4.35	1.83	0.67
Interest & Investment Income	-7.17	-1.42	-2.16	-1.82	-2.29	-0.75	0.85	0.83	0.38	0.29
Other Income / (Expense), net	0.01	0.04	-0.04	0.10	0.08	0.01	0.03	0.04	0.04	0.03
Income Tax Expense	2.06	0.05	0.76	-0.18	-0.26	-0.05	-0.06	-0.06	-0.00	0.11
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.13	-0.15	-0.17	-0.17	-0.14	-0.14	-0.19	-0.14	-0.23	-0.12
Basic Earnings per Share	($0.14)	($0.08)	($0.07)	($0.08)	($0.09)	($0.12)	($0.07)	($0.17)	($0.05)	($0.04)
Weighted Average Basic Shares Outstanding	223.35M	223.43M	223.29M	223.21M	222.90M	222.97M	222.91M	222.72M	222.41M	222.24M
Diluted Earnings per Share	($0.14)	($0.08)	($0.07)	($0.08)	($0.09)	($0.12)	($0.07)	($0.17)	($0.05)	($0.04)
Weighted Average Diluted Shares Outstanding	223.35M	223.43M	223.29M	223.21M	222.90M	222.97M	222.91M	222.72M	222.41M	222.24M
Weighted Average Basic & Diluted Shares Outstanding	223.61M	223.46M	223.43M	223.26M	223.24M	223.02M	222.97M	222.91M	222.73M	222.43M

This table details how cash moves in and out of Clean Energy Fuels' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-15	-19	26
Net Cash From Operating Activities	65	44	67
Net Cash From Continuing Operating Activities	65	44	67
Net Income / (Loss) Continuing Operations	-84	-100	-60
Consolidated Net Income / (Loss)	-84	-100	-60
Depreciation Expense	45	46	55
Amortization Expense	-1.57	-4.71	-1.71
Non-Cash Adjustments To Reconcile Net Income	119	112	61
Changes in Operating Assets and Liabilities, net	-14	-9.04	12
Net Cash From Investing Activities	-78	-202	-149
Net Cash From Continuing Investing Activities	-78	-202	-149
Purchase of Property, Plant & Equipment	-65	-101	-45
Purchase of Investments	-914	-491	-410
Sale of Property, Plant & Equipment	0.58	0.26	0.36
Divestitures	0.00	0.00	3.89
Sale and/or Maturity of Investments	951	479	403
Other Investing Activities, net	-50	-89	-101
Net Cash From Financing Activities	-1.94	139	102
Net Cash From Continuing Financing Activities	-1.94	139	108
Repayment of Debt	-3.12	-161	-55
Issuance of Debt	0.00	300	162
Issuance of Common Equity	0.06	0.24	1.37
Other Financing Activities, net	1.12	-0.66	0.25
Other Net Changes in Cash	-0.36	0.13	-
Cash Interest Paid	27	16	1.87
Cash Income Taxes Paid	0.06	0.08	0.07

This table details how cash moves in and out of Clean Energy Fuels' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-27	-6.14	34	-16	80	-28	-112	41	109	-34
Net Cash From Operating Activities	22	21	19	2.59	43	7.75	12	-19	35	-0.51
Net Cash From Continuing Operating Activities	22	21	19	2.59	43	7.75	12	-19	35	-0.51
Net Income / (Loss) Continuing Operations	-30	-18	-16	-19	-19	-26	-16	-39	-13	-9.09
Consolidated Net Income / (Loss)	-30	-18	-16	-19	-19	-26	-16	-39	-13	-9.09
Depreciation Expense	11	11	11	11	11	13	11	11	12	21
Amortization Expense	-0.23	-0.10	-0.29	-0.95	-1.23	-1.29	-0.98	-1.21	-0.85	-0.56
Non-Cash Adjustments To Reconcile Net Income	43	27	26	24	36	28	24	24	15	15
Changes in Operating Assets and Liabilities, net	-1.33	1.52	-1.70	-13	17	-6.86	-5.36	-14	21	-27
Net Cash From Investing Activities	-47	-27	16	-20	-105	-35	-123	61	-48	-30
Net Cash From Continuing Investing Activities	-47	-27	16	-20	-105	-35	-123	61	-48	-30
Purchase of Property, Plant & Equipment	-12	-21	-14	-18	-34	-25	-25	-18	-15	-12
Purchase of Investments	-254	-252	-251	-158	-157	-148	-137	-49	-117	-99
Sale of Property, Plant & Equipment	0.16	0.37	0.02	0.02	0.03	0.03	0.15	0.05	0.23	0.05
Sale and/or Maturity of Investments	254	253	285	159	150	137	55	137	91	118
Other Investing Activities, net	-36	-6.98	-4.58	-2.68	-65	0.51	-16	-9.34	-6.05	-38
Net Cash From Financing Activities	-1.85	-0.95	-0.97	1.83	142	-0.84	-1.42	-0.77	116	-3.20
Net Cash From Continuing Financing Activities	-1.85	-0.95	-0.97	1.83	142	-0.84	-1.42	-0.77	122	-3.20
Repayment of Debt	-1.26	-0.39	-0.56	-0.91	-158	-0.55	-1.37	-0.69	-32	-3.85
Issuance of Common Equity	0.02	0.01	-	0.04	0.07	-0.16	0.00	0.33	0.05	0.74
Other Financing Activities, net	-0.61	-0.57	-0.41	2.71	0.20	-0.13	-0.31	-0.42	-0.03	-0.09
Other Net Changes in Cash	-0.33	0.09	-	-	0.00	-	-	-	-	-0.35
Cash Interest Paid	6.90	7.29	6.74	6.47	4.43	3.65	4.17	4.11	0.50	0.45
Cash Income Taxes Paid	-0.01	0.02	0.04	0.01	0.02	-	0.03	0.03	0.02	-

This table presents Clean Energy Fuels' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,244	1,259	1,082
Total Current Assets	414	470	472
Cash & Equivalents	92	107	126
Short-Term Investments	128	158	140
Note & Lease Receivable	2.37	2.33	-
Accounts Receivable	122	116	108
Inventories, net	43	45	37
Prepaid Expenses	26	41	61
Plant, Property, & Equipment, net	365	332	264
Total Noncurrent Assets	465	458	347
Long-Term Investments	265	259	193
Noncurrent Note & Lease Receivables	38	36	30
Goodwill	64	64	64
Intangible Assets	6.37	6.37	5.92
Other Noncurrent Operating Assets	91	92	53
Total Liabilities & Shareholders' Equity	1,244	1,259	1,082
Total Liabilities	524	526	355
Total Current Liabilities	155	164	148
Short-Term Debt	8.07	6.73	4.30
Accounts Payable	33	57	44
Accrued Expenses	106	92	90
Current Deferred Revenue	6.87	4.94	5.97
Other Current Liabilities	0.92	3.63	3.36
Total Noncurrent Liabilities	370	362	207
Long-Term Debt	265	261	145
Other Noncurrent Operating Liabilities	104	101	61
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	720	734	727
Total Preferred & Common Equity	713	727	720
Preferred Stock	0.00	0.00	0.00
Total Common Equity	713	727	720
Common Stock	1,730	1,658	1,554
Retained Earnings	-1,013	-929	-830
Accumulated Other Comprehensive Income / (Loss)	-4.30	-2.12	-3.72
Noncontrolling Interest	6.26	6.88	7.48

This table presents Clean Energy Fuels' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,244	1,246	1,236	1,065	1,046	1,070	941
Total Current Assets	442	451	449	393	392	442	356
Cash & Equivalents	119	125	91	0.00	0.00	0.00	23
Short-Term Investments	127	126	159	149	139	55	111
Accounts Receivable	123	117	107	124	102	128	127
Inventories, net	46	49	49	40	39	38	36
Prepaid Expenses	28	33	42	52	58	54	58
Plant, Property, & Equipment, net	354	340	336	306	292	274	249
Total Noncurrent Assets	448	455	451	366	362	354	337
Long-Term Investments	251	250	254	194	197	192	193
Noncurrent Note & Lease Receivables	33	35	36	27	31	31	28
Goodwill	64	64	64	64	64	64	64
Intangible Assets	6.37	6.37	6.37	6.37	6.37	6.37	5.92
Other Noncurrent Operating Assets	93	100	90	75	63	61	45
Total Liabilities & Shareholders' Equity	1,244	1,246	1,236	1,065	1,046	1,070	941
Total Liabilities	513	517	507	373	343	366	213
Total Current Liabilities	144	142	143	146	128	152	134
Short-Term Debt	7.83	7.72	8.91	0.04	0.04	0.04	8.09
Accounts Payable	31	34	42	49	38	39	31
Accrued Expenses	98	91	84	83	77	98	85
Current Deferred Revenue	5.84	7.79	7.79	3.52	4.92	6.10	4.93
Other Current Liabilities	1.81	1.92	0.88	10	8.82	8.94	4.85
Total Noncurrent Liabilities	369	374	363	227	215	214	79
Long-Term Debt	264	263	262	145	145	145	24
Other Noncurrent Operating Liabilities	105	111	102	83	70	69	54
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	731	730	730	692	703	704	729
Total Preferred & Common Equity	725	723	723	685	696	696	721
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	725	723	723	685	696	696	721
Common Stock	1,710	1,691	1,674	1,599	1,582	1,568	1,544
Retained Earnings	-982	-964	-948	-911	-885	-869	-818
Accumulated Other Comprehensive Income / (Loss)	-2.51	-3.54	-2.99	-3.28	-1.32	-3.02	-4.88
Noncontrolling Interest	6.38	6.53	6.70	7.02	7.16	7.34	7.71

This table displays calculated financial ratios and metrics derived from Clean Energy Fuels' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-2.19%	1.19%	64.35%
EBITDA Growth	119.63%	-2,712.52%	103.00%
EBIT Growth	52.45%	-47.71%	42.82%
NOPAT Growth	52.42%	-47.76%	45.60%
Net Income Growth	16.39%	-67.98%	36.71%
EPS Growth	17.78%	-73.08%	40.91%
Operating Cash Flow Growth	47.52%	-34.40%	61.58%
Free Cash Flow Firm Growth	50.27%	-8,159.84%	101.79%
Invested Capital Growth	6.40%	14.13%	-8.24%
Revenue Q/Q Growth	0.60%	-1.60%	5.48%
EBITDA Q/Q Growth	-42.83%	7.27%	-86.34%
EBIT Q/Q Growth	-21.52%	5.72%	-20.84%
NOPAT Q/Q Growth	-21.18%	5.66%	-10.83%
Net Income Q/Q Growth	-15.86%	-6.68%	-20.08%
EPS Q/Q Growth	-15.63%	-9.76%	-23.81%
Operating Cash Flow Q/Q Growth	-24.65%	22.33%	66.07%
Free Cash Flow Firm Q/Q Growth	8.77%	-26.01%	115.62%
Invested Capital Q/Q Growth	0.28%	2.41%	-3.51%
Profitability Metrics	-	-	-
Gross Margin	30.86%	19.18%	26.76%
EBITDA Margin	1.66%	-8.30%	0.32%
Operating Margin	-8.74%	-17.97%	-12.31%
EBIT Margin	-8.72%	-17.93%	-12.28%
Profit (Net Income) Margin	-20.12%	-23.54%	-14.18%
Tax Burden Percent	103.32%	99.58%	100.37%
Interest Burden Percent	223.46%	131.86%	115.03%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.16%	-11.94%	-8.28%
ROIC Less NNEP Spread (ROIC-NNEP)	19.75%	4.56%	-0.59%
Return on Net Nonoperating Assets (RNNOA)	-6.35%	-1.76%	0.24%
Return on Equity (ROE)	-11.52%	-13.70%	-8.04%
Cash Return on Invested Capital (CROIC)	-11.36%	-25.13%	0.32%
Operating Return on Assets (OROA)	-2.90%	-6.51%	-5.06%
Return on Assets (ROA)	-6.69%	-8.55%	-5.84%
Return on Common Equity (ROCE)	-11.41%	-13.57%	-7.95%
Return on Equity Simple (ROE_SIMPLE)	-11.73%	-13.77%	-8.28%
Net Operating Profit after Tax (NOPAT)	-25	-53	-36
NOPAT Margin	-6.12%	-12.58%	-8.61%
Net Nonoperating Expense Percent (NNEP)	-24.92%	-16.50%	-7.69%
Return On Investment Capital (ROIC_SIMPLE)	-2.56%	-5.34%	-4.13%
Cost of Revenue to Revenue	69.14%	80.82%	73.24%
SG&A Expenses to Revenue	26.89%	26.41%	26.05%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.60%	37.15%	39.06%
Earnings before Interest and Taxes (EBIT)	-36	-76	-52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.92	-35	1.35
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.79	1.18	1.61
Price to Tangible Book Value (P/TBV)	0.87	1.30	1.78
Price to Revenue (P/Rev)	1.35	2.01	2.75
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.70	1.27	2.04
Enterprise Value to Revenue (EV/Rev)	0.86	1.42	2.04
Enterprise Value to EBITDA (EV/EBITDA)	51.39	0.00	633.39
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.51	13.82	12.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	612.04
Leverage & Solvency	-	-	-
Debt to Equity	0.38	0.37	0.21
Long-Term Debt to Equity	0.37	0.36	0.20
Financial Leverage	-0.32	-0.39	-0.41
Leverage Ratio	1.72	1.60	1.38
Compound Leverage Factor	3.85	2.11	1.58
Debt to Total Capital	27.53%	26.74%	17.07%
Short-Term Debt to Total Capital	0.81%	0.67%	0.49%
Long-Term Debt to Total Capital	26.72%	26.07%	16.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.63%	0.69%	0.85%
Common Equity to Total Capital	71.84%	72.57%	82.07%
Debt to EBITDA	39.50	-7.59	110.94
Net Debt to EBITDA	-30.54	7.26	-228.91
Long-Term Debt to EBITDA	38.33	-7.40	107.76
Debt to NOPAT	-10.74	-5.01	-4.14
Net Debt to NOPAT	8.31	4.79	8.54
Long-Term Debt to NOPAT	-10.43	-4.88	-4.02
Altman Z-Score	-0.01	0.37	1.47
Noncontrolling Interest Sharing Ratio	0.90%	0.98%	1.07%
Liquidity Ratios	-	-	-
Current Ratio	2.67	2.87	3.18
Quick Ratio	2.22	2.34	2.52
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-56	-113	1.40
Operating Cash Flow to CapEx	100.25%	43.48%	151.12%
Free Cash Flow to Firm to Interest Expense	-1.74	-4.91	0.22
Operating Cash Flow to Interest Expense	2.01	1.91	10.58
Operating Cash Flow Less CapEx to Interest Expense	0.00	-2.48	3.58
Efficiency Ratios	-	-	-
Asset Turnover	0.33	0.36	0.41
Accounts Receivable Turnover	3.49	3.79	3.81
Inventory Turnover	6.48	8.33	8.99
Fixed Asset Turnover	1.19	1.43	1.60
Accounts Payable Turnover	6.37	6.78	8.95
Days Sales Outstanding (DSO)	104.52	96.29	95.70
Days Inventory Outstanding (DIO)	56.34	43.81	40.59
Days Payable Outstanding (DPO)	57.31	53.87	40.79
Cash Conversion Cycle (CCC)	103.55	86.23	95.50
Capital & Investment Metrics	-	-	-
Invested Capital	508	478	418
Invested Capital Turnover	0.84	0.95	0.96
Increase / (Decrease) in Invested Capital	31	59	-38
Enterprise Value (EV)	356	605	855
Market Capitalization	561	854	1,157
Book Value per Share	$3.19	$3.26	$3.24
Tangible Book Value per Share	$2.88	$2.94	$2.92
Total Capital	993	1,001	877
Total Debt	273	268	150
Total Long-Term Debt	265	261	145
Net Debt	-211	-256	-309
Capital Expenditures (CapEx)	64	101	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	48	48	62
Debt-free Net Working Capital (DFNWC)	267	313	328
Net Working Capital (NWC)	259	306	324
Net Nonoperating Expense (NNE)	58	47	23
Net Nonoperating Obligations (NNO)	-211	-256	-309
Total Depreciation and Amortization (D&A)	43	41	53
Debt-free, Cash-free Net Working Capital to Revenue	11.44%	11.27%	14.84%
Debt-free Net Working Capital to Revenue	64.23%	73.64%	78.03%
Net Working Capital to Revenue	62.29%	72.06%	77.01%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.37)	($0.45)	($0.26)
Adjusted Weighted Average Basic Shares Outstanding	223.35M	222.90M	222.41M
Adjusted Diluted Earnings per Share	($0.37)	($0.45)	($0.26)
Adjusted Weighted Average Diluted Shares Outstanding	223.35M	222.90M	222.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	223.61M	223.24M	222.73M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-53	-36
Normalized NOPAT Margin	-4.76%	-12.58%	-8.61%
Pre Tax Income Margin	-19.48%	-23.64%	-14.13%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-1.13	-3.33	-8.18
NOPAT to Interest Expense	-0.79	-2.33	-5.74
EBIT Less CapEx to Interest Expense	-3.13	-7.72	-15.18
NOPAT Less CapEx to Interest Expense	-2.79	-6.72	-12.74
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Clean Energy Fuels' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.31%	9.74%	8.18%	-21.54%	-6.06%	-23.96%	-6.87%	58.31%	23.74%	45.99%
EBITDA Growth	-173.30%	129.78%	271.68%	103.94%	1,223.89%	-181.25%	-99.17%	-197.95%	-97.42%	41.30%
EBIT Growth	-98.94%	60.22%	56.77%	73.95%	41.61%	-148.17%	-9.85%	-76.52%	-402.62%	-183.09%
NOPAT Growth	-96.71%	60.08%	57.17%	73.71%	41.08%	-147.61%	-9.96%	-76.56%	-82.92%	-178.23%
Net Income Growth	-60.82%	29.39%	0.12%	52.06%	-49.88%	-185.53%	-23.38%	-58.01%	-383.05%	-118.57%
EPS Growth	-55.56%	33.33%	0.00%	52.94%	-80.00%	-200.00%	-16.67%	-54.55%	0.00%	-100.00%
Operating Cash Flow Growth	-49.14%	175.78%	55.83%	113.63%	22.83%	1,618.63%	-56.05%	-492.73%	313.99%	-102.56%
Free Cash Flow Firm Growth	37.86%	2.68%	1.41%	-200.57%	-313.92%	-369.49%	-231.09%	-66.90%	289.82%	208.47%
Invested Capital Growth	6.40%	8.66%	9.04%	13.99%	14.13%	7.53%	8.74%	-0.55%	-8.24%	-5.18%
Revenue Q/Q Growth	4.24%	7.07%	-5.55%	-2.95%	11.81%	5.55%	-31.50%	16.20%	-9.49%	29.28%
EBITDA Q/Q Growth	-179.66%	-48.46%	423.11%	-65.88%	132.36%	-197.20%	87.99%	-11,561.95%	-98.01%	828.55%
EBIT Q/Q Growth	-52.00%	-50.80%	38.87%	-41.98%	69.61%	-63.89%	63.17%	-218.27%	-29.18%	27.46%
NOPAT Q/Q Growth	-51.52%	-52.50%	39.94%	-41.74%	69.25%	-63.65%	63.13%	-217.62%	-29.22%	27.33%
Net Income Q/Q Growth	-65.29%	-11.27%	11.54%	1.14%	27.43%	-57.40%	57.55%	-209.07%	-38.25%	31.99%
EPS Q/Q Growth	-75.00%	-14.29%	12.50%	11.11%	25.00%	-71.43%	58.82%	-240.00%	-25.00%	33.33%
Operating Cash Flow Q/Q Growth	2.37%	13.82%	624.52%	-93.98%	455.12%	-35.68%	163.37%	-154.29%	6,963.33%	-101.86%
Free Cash Flow Firm Q/Q Growth	14.57%	-2.47%	32.82%	-18.05%	-33.79%	-3.81%	-104.82%	-175.20%	68.55%	-49.50%
Invested Capital Q/Q Growth	0.28%	1.63%	0.60%	5.25%	2.41%	1.98%	5.17%	3.90%	-3.51%	3.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.57%	30.21%	34.72%	27.10%	27.23%	22.12%	29.14%	3.72%	26.01%	30.56%
EBITDA Margin	-2.01%	2.63%	5.45%	0.98%	2.80%	-9.67%	-3.44%	-19.60%	0.20%	9.05%
Operating Margin	-11.82%	-8.13%	-5.71%	-8.98%	-6.15%	-22.35%	-14.42%	-26.79%	-9.80%	-6.86%
EBIT Margin	-11.81%	-8.10%	-5.75%	-8.88%	-6.07%	-22.34%	-14.39%	-26.76%	-9.77%	-6.84%
Profit (Net Income) Margin	-27.70%	-17.47%	-16.81%	-17.95%	-17.62%	-27.15%	-18.21%	-29.38%	-11.04%	-7.23%
Tax Burden Percent	107.31%	100.27%	104.83%	99.05%	98.65%	99.82%	99.67%	99.84%	99.98%	101.18%
Interest Burden Percent	218.62%	215.14%	278.92%	203.99%	294.16%	121.76%	126.97%	109.97%	113.08%	104.41%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-6.98%	-4.84%	-3.38%	-5.36%	-4.08%	-15.02%	-10.63%	-20.17%	-6.59%	-4.30%
ROIC Less NNEP Spread (ROIC-NNEP)	2.11%	0.66%	1.89%	-0.55%	0.95%	-10.80%	-7.98%	-15.24%	-5.03%	-3.27%
Return on Net Nonoperating Assets (RNNOA)	-0.68%	-0.21%	-0.63%	0.19%	-0.37%	3.96%	3.09%	6.03%	2.06%	1.31%
Return on Equity (ROE)	-7.66%	-5.04%	-4.01%	-5.17%	-4.45%	-11.07%	-7.54%	-14.14%	-4.53%	-2.99%
Cash Return on Invested Capital (CROIC)	-11.36%	-12.62%	-14.92%	-20.64%	-25.13%	-19.86%	-19.26%	-10.22%	0.32%	-2.01%
Operating Return on Assets (OROA)	-3.92%	-2.90%	-2.03%	-3.06%	-2.21%	-9.62%	-6.71%	-12.53%	-4.03%	-2.93%
Return on Assets (ROA)	-9.20%	-6.25%	-5.93%	-6.18%	-6.40%	-11.69%	-8.50%	-13.76%	-4.55%	-3.10%
Return on Common Equity (ROCE)	-7.59%	-5.00%	-3.97%	-5.12%	-4.41%	-10.95%	-7.46%	-13.99%	-4.48%	-2.96%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-9.97%	-11.05%	-11.05%	0.00%	-13.71%	-11.06%	-10.60%	0.00%	-6.88%
Net Operating Profit after Tax (NOPAT)	-9.05	-5.97	-3.91	-6.52	-4.60	-15	-9.14	-25	-7.80	-6.04
NOPAT Margin	-8.27%	-5.69%	-4.00%	-6.28%	-4.30%	-15.65%	-10.09%	-18.75%	-6.86%	-4.81%
Net Nonoperating Expense Percent (NNEP)	-9.09%	-5.49%	-5.27%	-4.81%	-5.04%	-4.23%	-2.65%	-4.93%	-1.56%	-1.03%
Return On Investment Capital (ROIC_SIMPLE)	-0.91%	-	-	-	-0.46%	-	-	-	-0.89%	-
Cost of Revenue to Revenue	68.43%	69.79%	65.28%	72.90%	72.77%	77.88%	70.86%	96.28%	73.99%	69.44%
SG&A Expenses to Revenue	25.97%	27.52%	28.93%	25.30%	23.35%	30.47%	31.53%	22.43%	25.09%	21.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.39%	38.35%	40.43%	36.08%	33.38%	44.48%	43.56%	30.51%	35.81%	37.43%
Earnings before Interest and Taxes (EBIT)	-13	-8.49	-5.63	-9.21	-6.49	-21	-13	-35	-11	-8.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.19	2.75	5.34	1.02	2.99	-9.25	-3.11	-26	0.23	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.79	0.96	0.82	0.83	1.18	1.25	1.59	1.39	1.61	1.65
Price to Tangible Book Value (P/TBV)	0.87	1.06	0.91	0.92	1.30	1.39	1.77	1.55	1.78	1.82
Price to Revenue (P/Rev)	1.35	1.68	1.48	1.51	2.01	1.98	2.39	2.07	2.75	2.98
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.70	0.94	0.75	0.75	1.27	1.36	1.90	1.63	2.04	2.07
Enterprise Value to Revenue (EV/Rev)	0.86	1.15	0.92	0.94	1.42	1.47	1.88	1.51	2.04	2.26
Enterprise Value to EBITDA (EV/EBITDA)	51.39	39.38	3,441.34	0.00	0.00	0.00	0.00	0.00	633.39	91.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.51	5.56	5.16	5.67	13.82	17.76	31.50	16.54	12.81	22.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	612.04	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.37	0.37	0.37	0.37	0.21	0.21	0.21	0.21	0.04
Long-Term Debt to Equity	0.37	0.36	0.36	0.36	0.36	0.21	0.21	0.21	0.20	0.03
Financial Leverage	-0.32	-0.32	-0.33	-0.35	-0.39	-0.37	-0.39	-0.40	-0.41	-0.40
Leverage Ratio	1.72	1.62	1.60	1.61	1.60	1.41	1.38	1.39	1.38	1.25
Compound Leverage Factor	3.77	3.49	4.46	3.28	4.71	1.72	1.76	1.53	1.56	1.31
Debt to Total Capital	27.53%	27.11%	27.06%	27.07%	26.74%	17.33%	17.09%	17.08%	17.07%	4.27%
Short-Term Debt to Total Capital	0.81%	0.78%	0.77%	0.89%	0.67%	0.00%	0.00%	0.00%	0.49%	1.06%
Long-Term Debt to Total Capital	26.72%	26.32%	26.29%	26.18%	26.07%	17.32%	17.08%	17.07%	16.58%	3.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.63%	0.64%	0.65%	0.67%	0.69%	0.84%	0.84%	0.87%	0.85%	1.01%
Common Equity to Total Capital	71.84%	72.26%	72.29%	72.26%	72.57%	81.83%	82.07%	82.06%	82.07%	94.72%
Debt to EBITDA	39.50	22.46	2,505.86	-32.46	-7.59	-3.81	-8.32	-9.14	110.94	3.29
Net Debt to EBITDA	-30.54	-18.54	-2,138.69	28.05	7.26	5.92	14.11	16.96	-228.91	-29.86
Long-Term Debt to EBITDA	38.33	21.81	2,434.37	-31.39	-7.40	-3.81	-8.32	-9.13	107.76	2.47
Debt to NOPAT	-10.74	-12.95	-9.03	-7.69	-5.01	-2.56	-3.03	-3.09	-4.14	-0.99
Net Debt to NOPAT	8.31	10.69	7.70	6.65	4.79	3.97	5.14	5.73	8.54	9.04
Long-Term Debt to NOPAT	-10.43	-12.57	-8.77	-7.44	-4.88	-2.56	-3.03	-3.09	-4.02	-0.75
Altman Z-Score	0.05	0.30	0.22	0.23	0.55	0.79	1.45	1.11	1.60	2.81
Noncontrolling Interest Sharing Ratio	0.90%	0.94%	0.96%	0.98%	0.98%	1.04%	1.05%	1.06%	1.07%	1.10%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.67	3.06	3.17	3.14	2.87	2.69	3.06	2.91	3.18	2.65
Quick Ratio	2.22	2.55	2.59	2.50	2.34	1.87	1.87	1.21	2.52	1.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-40	-46	-45	-67	-64	-48	-46	-22	30	18
Operating Cash Flow to CapEx	192.30%	101.97%	134.85%	14.24%	127.94%	31.60%	48.50%	-107.20%	230.34%	-4.40%
Free Cash Flow to Firm to Interest Expense	-4.87	-5.55	-5.71	-8.67	-6.18	-12.23	-10.51	-5.15	16.29	26.38
Operating Cash Flow to Interest Expense	2.69	2.56	2.37	0.33	4.17	1.99	2.76	-4.36	19.14	-0.76
Operating Cash Flow Less CapEx to Interest Expense	1.29	0.05	0.61	-2.01	0.91	-4.31	-2.93	-8.44	10.83	-18.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.36	0.35	0.34	0.36	0.43	0.47	0.47	0.41	0.43
Accounts Receivable Turnover	3.49	3.35	3.69	3.37	3.79	3.44	4.87	4.22	3.81	3.77
Inventory Turnover	6.48	6.73	6.64	6.71	8.33	9.16	9.88	10.54	8.99	8.77
Fixed Asset Turnover	1.19	1.25	1.28	1.30	1.43	1.56	1.69	1.77	1.60	0.00
Accounts Payable Turnover	6.37	7.24	8.13	7.21	6.78	8.77	10.41	11.45	8.95	11.81
Days Sales Outstanding (DSO)	104.52	108.94	98.90	108.24	96.29	106.16	75.00	86.59	95.70	96.83
Days Inventory Outstanding (DIO)	56.34	54.22	55.00	54.40	43.81	39.83	36.94	34.64	40.59	41.63
Days Payable Outstanding (DPO)	57.31	50.43	44.91	50.62	53.87	41.62	35.05	31.87	40.79	30.90
Cash Conversion Cycle (CCC)	103.55	112.73	109.00	112.02	86.23	104.37	76.89	89.35	95.50	107.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	508	507	499	496	478	466	457	435	418	434
Invested Capital Turnover	0.84	0.85	0.85	0.85	0.95	0.96	1.05	1.08	0.96	0.89
Increase / (Decrease) in Invested Capital	31	40	41	61	59	33	37	-2.39	-38	-24
Enterprise Value (EV)	356	477	372	371	605	636	867	709	855	899
Market Capitalization	561	695	596	598	854	854	1,106	971	1,157	1,187
Book Value per Share	$3.19	$3.24	$3.24	$3.24	$3.26	$3.07	$3.12	$3.13	$3.24	$3.24
Tangible Book Value per Share	$2.88	$2.93	$2.92	$2.92	$2.94	$2.75	$2.80	$2.81	$2.92	$2.93
Total Capital	993	1,003	1,000	1,000	1,001	837	848	849	877	761
Total Debt	273	272	271	271	268	145	145	145	150	32
Total Long-Term Debt	265	264	263	262	261	145	145	145	145	24
Net Debt	-211	-224	-231	-234	-256	-225	-246	-269	-309	-295
Capital Expenditures (CapEx)	11	21	14	18	34	25	25	18	15	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	48	60	65	64	48	71	70	68	62	95
Debt-free Net Working Capital (DFNWC)	267	306	316	315	313	247	264	290	328	230
Net Working Capital (NWC)	259	298	308	306	306	247	264	290	324	221
Net Nonoperating Expense (NNE)	21	12	13	12	14	11	7.35	14	4.76	3.05
Net Nonoperating Obligations (NNO)	-211	-224	-231	-234	-256	-225	-246	-269	-309	-295
Total Depreciation and Amortization (D&A)	11	11	11	10	9.48	12	9.92	9.47	11	20
Debt-free, Cash-free Net Working Capital to Revenue	11.44%	14.55%	16.04%	16.09%	11.27%	16.39%	15.22%	14.48%	14.84%	23.96%
Debt-free Net Working Capital to Revenue	64.23%	73.95%	78.24%	79.34%	73.64%	57.22%	57.14%	61.81%	78.03%	57.63%
Net Working Capital to Revenue	62.29%	72.06%	76.33%	77.09%	72.06%	57.21%	57.13%	61.80%	77.01%	55.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.08)	($0.07)	($0.08)	($0.09)	($0.12)	($0.07)	($0.17)	($0.05)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	223.35M	223.43M	223.29M	223.21M	222.90M	222.97M	222.91M	222.72M	222.41M	222.24M
Adjusted Diluted Earnings per Share	($0.14)	($0.08)	($0.07)	($0.08)	($0.09)	($0.12)	($0.07)	($0.17)	($0.05)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	223.35M	223.43M	223.29M	223.21M	222.90M	222.97M	222.91M	222.72M	222.41M	222.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	223.61M	223.46M	223.43M	223.26M	223.24M	223.02M	222.97M	222.91M	222.73M	222.43M
Normalized Net Operating Profit after Tax (NOPAT)	-9.05	-5.97	-3.91	-6.52	-4.60	-15	-9.14	-25	-7.80	-6.04
Normalized NOPAT Margin	-8.27%	-5.69%	-4.00%	-6.28%	-4.30%	-15.65%	-10.09%	-18.75%	-6.86%	-4.81%
Pre Tax Income Margin	-25.81%	-17.42%	-16.04%	-18.12%	-17.86%	-27.20%	-18.27%	-29.43%	-11.05%	-7.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.59	-1.02	-0.71	-1.19	-0.63	-5.48	-2.98	-8.12	-6.08	-12.84
NOPAT to Interest Expense	-1.11	-0.71	-0.49	-0.84	-0.45	-3.84	-2.09	-5.69	-4.27	-9.01
EBIT Less CapEx to Interest Expense	-2.98	-3.52	-2.47	-3.53	-3.89	-11.78	-8.67	-12.20	-14.38	-30.15
NOPAT Less CapEx to Interest Expense	-2.51	-3.22	-2.25	-3.18	-3.70	-10.14	-7.78	-9.76	-12.58	-26.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-18.21%

Frequently Asked Questions About Clean Energy Fuels' Financials

When does Clean Energy Fuels's fiscal year end?

According to the most recent income statement we have on file, Clean Energy Fuels' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Clean Energy Fuels' net income changed over the last 2 years?

Clean Energy Fuels' net income appears to be on an upward trend, with a most recent value of -$83.69 million in 2024, rising from -$59.59 million in 2022. The previous period was -$100.10 million in 2023. View Clean Energy Fuels' forecast to see where analysts expect Clean Energy Fuels to go next.

What is Clean Energy Fuels's operating income?

Clean Energy Fuels's total operating income in 2024 was -$36.35 million, based on the following breakdown:

Total Gross Profit: $128.32 million
Total Operating Expenses: $164.67 million

How has Clean Energy Fuels revenue changed over the last 2 years?

Over the last 2 years, Clean Energy Fuels' total revenue changed from $420.16 million in 2022 to $415.87 million in 2024, a change of -1.0%.

How much debt does Clean Energy Fuels have?

Clean Energy Fuels' total liabilities were at $524.36 million at the end of 2024, a 0.3% decrease from 2023, and a 47.8% increase since 2022.

How much cash does Clean Energy Fuels have?

In the past 2 years, Clean Energy Fuels' cash and equivalents has ranged from $91.56 million in 2024 to $125.95 million in 2022, and is currently $91.56 million as of their latest financial filing in 2024.

How has Clean Energy Fuels' book value per share changed over the last 2 years?

Over the last 2 years, Clean Energy Fuels' book value per share changed from 3.24 in 2022 to 3.19 in 2024, a change of -1.4%.

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This page (NASDAQ:CLNE) was last updated on 5/28/2025 by MarketBeat.com Staff

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Clean Energy Fuels (CLNE) Financials

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Clean Energy Fuels (CLNE) Financials

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