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Clean Energy Fuels (CLNE) Financials

Clean Energy Fuels logo
$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
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Annual Income Statements for Clean Energy Fuels

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

Quarterly Income Statements for Clean Energy Fuels

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

Annual Cash Flow Statements for Clean Energy Fuels

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

Quarterly Cash Flow Statements for Clean Energy Fuels

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 -

Annual Balance Sheets for Clean Energy Fuels

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

Quarterly Balance Sheets for Clean Energy Fuels

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

Annual Metrics And Ratios for Clean Energy Fuels

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%

Quarterly Metrics And Ratios for Clean Energy Fuels

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%.



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