Clean Energy Fuels (CLNE) Financials

$1.51 -0.03 (-1.95%)

Closing price 05/5/2025 04:00 PM Eastern

Extended Trading

$1.48 -0.03 (-1.99%)

As of 04:56 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-59	-99	-83
Consolidated Net Income / (Loss)	-60	-100	-84
Net Income / (Loss) Continuing Operations	-60	-100	-84
Total Pre-Tax Income	-59	-101	-81
Total Operating Income	-52	-76	-36
Total Gross Profit	112	82	128
Total Revenue	420	425	416
Operating Revenue	420	425	416
Total Cost of Revenue	308	344	288
Operating Cost of Revenue	308	344	288
Total Operating Expenses	164	158	165
Selling, General & Admin Expense	109	112	112
Depreciation Expense	55	46	45
Impairment Charge	0.00	0.00	8.10
Total Other Income / (Expense), net	-7.66	-24	-45
Interest Expense	6.31	23	32
Interest & Investment Income	-1.45	-1.36	-13
Other Income / (Expense), net	0.10	0.17	0.11
Income Tax Expense	0.22	-0.42	2.69
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.86	-0.60	-0.62
Basic Earnings per Share	($0.26)	($0.45)	($0.37)
Weighted Average Basic Shares Outstanding	222.41M	222.90M	223.35M
Diluted Earnings per Share	($0.26)	($0.45)	($0.37)
Weighted Average Diluted Shares Outstanding	222.41M	222.90M	223.35M
Weighted Average Basic & Diluted Shares Outstanding	222.73M	223.24M	223.61M

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

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

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

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

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

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	64.35%	1.19%	-2.19%
EBITDA Growth	103.00%	-2,712.52%	119.63%
EBIT Growth	42.82%	-47.71%	52.45%
NOPAT Growth	45.60%	-47.76%	52.42%
Net Income Growth	36.71%	-67.98%	16.39%
EPS Growth	40.91%	-73.08%	17.78%
Operating Cash Flow Growth	61.58%	-34.40%	47.52%
Free Cash Flow Firm Growth	101.79%	-8,159.84%	50.27%
Invested Capital Growth	-8.24%	14.13%	6.40%
Revenue Q/Q Growth	5.48%	-1.60%	0.60%
EBITDA Q/Q Growth	-86.34%	7.27%	-42.83%
EBIT Q/Q Growth	-20.84%	5.72%	-21.52%
NOPAT Q/Q Growth	-10.83%	5.66%	-21.18%
Net Income Q/Q Growth	-20.08%	-6.68%	-15.86%
EPS Q/Q Growth	-23.81%	-9.76%	-15.63%
Operating Cash Flow Q/Q Growth	66.07%	22.33%	-24.65%
Free Cash Flow Firm Q/Q Growth	115.62%	-26.01%	8.77%
Invested Capital Q/Q Growth	-3.51%	2.41%	0.28%
Profitability Metrics	-	-	-
Gross Margin	26.76%	19.18%	30.86%
EBITDA Margin	0.32%	-8.30%	1.66%
Operating Margin	-12.31%	-17.97%	-8.74%
EBIT Margin	-12.28%	-17.93%	-8.72%
Profit (Net Income) Margin	-14.18%	-23.54%	-20.12%
Tax Burden Percent	100.37%	99.58%	103.32%
Interest Burden Percent	115.03%	131.86%	223.46%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-8.28%	-11.94%	-5.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.59%	4.56%	19.75%
Return on Net Nonoperating Assets (RNNOA)	0.24%	-1.76%	-6.35%
Return on Equity (ROE)	-8.04%	-13.70%	-11.52%
Cash Return on Invested Capital (CROIC)	0.32%	-25.13%	-11.36%
Operating Return on Assets (OROA)	-5.06%	-6.51%	-2.90%
Return on Assets (ROA)	-5.84%	-8.55%	-6.69%
Return on Common Equity (ROCE)	-7.95%	-13.57%	-11.41%
Return on Equity Simple (ROE_SIMPLE)	-8.28%	-13.77%	-11.73%
Net Operating Profit after Tax (NOPAT)	-36	-53	-25
NOPAT Margin	-8.61%	-12.58%	-6.12%
Net Nonoperating Expense Percent (NNEP)	-7.69%	-16.50%	-24.92%
Return On Investment Capital (ROIC_SIMPLE)	-4.13%	-5.34%	-2.56%
Cost of Revenue to Revenue	73.24%	80.82%	69.14%
SG&A Expenses to Revenue	26.05%	26.41%	26.89%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.06%	37.15%	39.60%
Earnings before Interest and Taxes (EBIT)	-52	-76	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.35	-35	6.92
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.61	1.18	0.79
Price to Tangible Book Value (P/TBV)	1.78	1.30	0.87
Price to Revenue (P/Rev)	2.75	2.01	1.35
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)	2.04	1.27	0.70
Enterprise Value to Revenue (EV/Rev)	2.04	1.42	0.86
Enterprise Value to EBITDA (EV/EBITDA)	633.39	0.00	51.39
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)	12.81	13.82	5.51
Enterprise Value to Free Cash Flow (EV/FCFF)	612.04	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.21	0.37	0.38
Long-Term Debt to Equity	0.20	0.36	0.37
Financial Leverage	-0.41	-0.39	-0.32
Leverage Ratio	1.38	1.60	1.72
Compound Leverage Factor	1.58	2.11	3.85
Debt to Total Capital	17.07%	26.74%	27.53%
Short-Term Debt to Total Capital	0.49%	0.67%	0.81%
Long-Term Debt to Total Capital	16.58%	26.07%	26.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.85%	0.69%	0.63%
Common Equity to Total Capital	82.07%	72.57%	71.84%
Debt to EBITDA	110.94	-7.59	39.50
Net Debt to EBITDA	-228.91	7.26	-30.54
Long-Term Debt to EBITDA	107.76	-7.40	38.33
Debt to NOPAT	-4.14	-5.01	-10.74
Net Debt to NOPAT	8.54	4.79	8.31
Long-Term Debt to NOPAT	-4.02	-4.88	-10.43
Altman Z-Score	1.47	0.37	-0.01
Noncontrolling Interest Sharing Ratio	1.07%	0.98%	0.90%
Liquidity Ratios	-	-	-
Current Ratio	3.18	2.87	2.67
Quick Ratio	2.52	2.34	2.22
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	1.40	-113	-56
Operating Cash Flow to CapEx	151.12%	43.48%	100.25%
Free Cash Flow to Firm to Interest Expense	0.22	-4.91	-1.74
Operating Cash Flow to Interest Expense	10.58	1.91	2.01
Operating Cash Flow Less CapEx to Interest Expense	3.58	-2.48	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.41	0.36	0.33
Accounts Receivable Turnover	3.81	3.79	3.49
Inventory Turnover	8.99	8.33	6.48
Fixed Asset Turnover	1.60	1.43	1.19
Accounts Payable Turnover	8.95	6.78	6.37
Days Sales Outstanding (DSO)	95.70	96.29	104.52
Days Inventory Outstanding (DIO)	40.59	43.81	56.34
Days Payable Outstanding (DPO)	40.79	53.87	57.31
Cash Conversion Cycle (CCC)	95.50	86.23	103.55
Capital & Investment Metrics	-	-	-
Invested Capital	418	478	508
Invested Capital Turnover	0.96	0.95	0.84
Increase / (Decrease) in Invested Capital	-38	59	31
Enterprise Value (EV)	855	605	356
Market Capitalization	1,157	854	561
Book Value per Share	$3.24	$3.26	$3.19
Tangible Book Value per Share	$2.92	$2.94	$2.88
Total Capital	877	1,001	993
Total Debt	150	268	273
Total Long-Term Debt	145	261	265
Net Debt	-309	-256	-211
Capital Expenditures (CapEx)	44	101	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	62	48	48
Debt-free Net Working Capital (DFNWC)	328	313	267
Net Working Capital (NWC)	324	306	259
Net Nonoperating Expense (NNE)	23	47	58
Net Nonoperating Obligations (NNO)	-309	-256	-211
Total Depreciation and Amortization (D&A)	53	41	43
Debt-free, Cash-free Net Working Capital to Revenue	14.84%	11.27%	11.44%
Debt-free Net Working Capital to Revenue	78.03%	73.64%	64.23%
Net Working Capital to Revenue	77.01%	72.06%	62.29%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.26)	($0.45)	($0.37)
Adjusted Weighted Average Basic Shares Outstanding	222.41M	222.90M	223.35M
Adjusted Diluted Earnings per Share	($0.26)	($0.45)	($0.37)
Adjusted Weighted Average Diluted Shares Outstanding	222.41M	222.90M	223.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	222.73M	223.24M	223.61M
Normalized Net Operating Profit after Tax (NOPAT)	-36	-53	-20
Normalized NOPAT Margin	-8.61%	-12.58%	-4.76%
Pre Tax Income Margin	-14.13%	-23.64%	-19.48%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-8.18	-3.33	-1.13
NOPAT to Interest Expense	-5.74	-2.33	-0.79
EBIT Less CapEx to Interest Expense	-15.18	-7.72	-3.13
NOPAT Less CapEx to Interest Expense	-12.74	-6.72	-2.79
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.99%	23.74%	58.31%	-6.87%	-23.96%	-6.06%	-21.54%	8.18%	9.74%	2.31%
EBITDA Growth	41.30%	-97.42%	-197.95%	-99.17%	-181.25%	1,223.89%	103.94%	271.68%	129.78%	-173.30%
EBIT Growth	-183.09%	-402.62%	-76.52%	-9.85%	-148.17%	41.61%	73.95%	56.77%	60.22%	-98.94%
NOPAT Growth	-178.23%	-82.92%	-76.56%	-9.96%	-147.61%	41.08%	73.71%	57.17%	60.08%	-96.71%
Net Income Growth	-118.57%	-383.05%	-58.01%	-23.38%	-185.53%	-49.88%	52.06%	0.12%	29.39%	-60.82%
EPS Growth	-100.00%	0.00%	-54.55%	-16.67%	-200.00%	-80.00%	52.94%	0.00%	33.33%	-55.56%
Operating Cash Flow Growth	-102.56%	313.99%	-492.73%	-56.05%	1,618.63%	22.83%	113.63%	55.83%	175.78%	-49.14%
Free Cash Flow Firm Growth	208.47%	289.82%	-66.90%	-231.09%	-369.49%	-313.92%	-200.57%	1.41%	2.68%	37.86%
Invested Capital Growth	-5.18%	-8.24%	-0.55%	8.74%	7.53%	14.13%	13.99%	9.04%	8.66%	6.40%
Revenue Q/Q Growth	29.28%	-9.49%	16.20%	-31.50%	5.55%	11.81%	-2.95%	-5.55%	7.07%	4.24%
EBITDA Q/Q Growth	828.55%	-98.01%	-11,561.95%	87.99%	-197.20%	132.36%	-65.88%	423.11%	-48.46%	-179.66%
EBIT Q/Q Growth	27.46%	-29.18%	-218.27%	63.17%	-63.89%	69.61%	-41.98%	38.87%	-50.80%	-52.00%
NOPAT Q/Q Growth	27.33%	-29.22%	-217.62%	63.13%	-63.65%	69.25%	-41.74%	39.94%	-52.50%	-51.52%
Net Income Q/Q Growth	31.99%	-38.25%	-209.07%	57.55%	-57.40%	27.43%	1.14%	11.54%	-11.27%	-65.29%
EPS Q/Q Growth	33.33%	-25.00%	-240.00%	58.82%	-71.43%	25.00%	11.11%	12.50%	-14.29%	-75.00%
Operating Cash Flow Q/Q Growth	-101.86%	6,963.33%	-154.29%	163.37%	-35.68%	455.12%	-93.98%	624.52%	13.82%	2.37%
Free Cash Flow Firm Q/Q Growth	-49.50%	68.55%	-175.20%	-104.82%	-3.81%	-33.79%	-18.05%	32.82%	-2.47%	14.57%
Invested Capital Q/Q Growth	3.12%	-3.51%	3.90%	5.17%	1.98%	2.41%	5.25%	0.60%	1.63%	0.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.56%	26.01%	3.72%	29.14%	22.12%	27.23%	27.10%	34.72%	30.21%	31.57%
EBITDA Margin	9.05%	0.20%	-19.60%	-3.44%	-9.67%	2.80%	0.98%	5.45%	2.63%	-2.01%
Operating Margin	-6.86%	-9.80%	-26.79%	-14.42%	-22.35%	-6.15%	-8.98%	-5.71%	-8.13%	-11.82%
EBIT Margin	-6.84%	-9.77%	-26.76%	-14.39%	-22.34%	-6.07%	-8.88%	-5.75%	-8.10%	-11.81%
Profit (Net Income) Margin	-7.23%	-11.04%	-29.38%	-18.21%	-27.15%	-17.62%	-17.95%	-16.81%	-17.47%	-27.70%
Tax Burden Percent	101.18%	99.98%	99.84%	99.67%	99.82%	98.65%	99.05%	104.83%	100.27%	107.31%
Interest Burden Percent	104.41%	113.08%	109.97%	126.97%	121.76%	294.16%	203.99%	278.92%	215.14%	218.62%
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)	-4.30%	-6.59%	-20.17%	-10.63%	-15.02%	-4.08%	-5.36%	-3.38%	-4.84%	-6.98%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.27%	-5.03%	-15.24%	-7.98%	-10.80%	0.95%	-0.55%	1.89%	0.66%	2.11%
Return on Net Nonoperating Assets (RNNOA)	1.31%	2.06%	6.03%	3.09%	3.96%	-0.37%	0.19%	-0.63%	-0.21%	-0.68%
Return on Equity (ROE)	-2.99%	-4.53%	-14.14%	-7.54%	-11.07%	-4.45%	-5.17%	-4.01%	-5.04%	-7.66%
Cash Return on Invested Capital (CROIC)	-2.01%	0.32%	-10.22%	-19.26%	-19.86%	-25.13%	-20.64%	-14.92%	-12.62%	-11.36%
Operating Return on Assets (OROA)	-2.93%	-4.03%	-12.53%	-6.71%	-9.62%	-2.21%	-3.06%	-2.03%	-2.90%	-3.92%
Return on Assets (ROA)	-3.10%	-4.55%	-13.76%	-8.50%	-11.69%	-6.40%	-6.18%	-5.93%	-6.25%	-9.20%
Return on Common Equity (ROCE)	-2.96%	-4.48%	-13.99%	-7.46%	-10.95%	-4.41%	-5.12%	-3.97%	-5.00%	-7.59%
Return on Equity Simple (ROE_SIMPLE)	-6.88%	0.00%	-10.60%	-11.06%	-13.71%	0.00%	-11.05%	-11.05%	-9.97%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.04	-7.80	-25	-9.14	-15	-4.60	-6.52	-3.91	-5.97	-9.05
NOPAT Margin	-4.81%	-6.86%	-18.75%	-10.09%	-15.65%	-4.30%	-6.28%	-4.00%	-5.69%	-8.27%
Net Nonoperating Expense Percent (NNEP)	-1.03%	-1.56%	-4.93%	-2.65%	-4.23%	-5.04%	-4.81%	-5.27%	-5.49%	-9.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.89%	-	-	-	-0.46%	-	-	-	-0.91%
Cost of Revenue to Revenue	69.44%	73.99%	96.28%	70.86%	77.88%	72.77%	72.90%	65.28%	69.79%	68.43%
SG&A Expenses to Revenue	21.08%	25.09%	22.43%	31.53%	30.47%	23.35%	25.30%	28.93%	27.52%	25.97%
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	37.43%	35.81%	30.51%	43.56%	44.48%	33.38%	36.08%	40.43%	38.35%	43.39%
Earnings before Interest and Taxes (EBIT)	-8.60	-11	-35	-13	-21	-6.49	-9.21	-5.63	-8.49	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	0.23	-26	-3.11	-9.25	2.99	1.02	5.34	2.75	-2.19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.61	1.39	1.59	1.25	1.18	0.83	0.82	0.96	0.79
Price to Tangible Book Value (P/TBV)	1.82	1.78	1.55	1.77	1.39	1.30	0.92	0.91	1.06	0.87
Price to Revenue (P/Rev)	2.98	2.75	2.07	2.39	1.98	2.01	1.51	1.48	1.68	1.35
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)	2.07	2.04	1.63	1.90	1.36	1.27	0.75	0.75	0.94	0.70
Enterprise Value to Revenue (EV/Rev)	2.26	2.04	1.51	1.88	1.47	1.42	0.94	0.92	1.15	0.86
Enterprise Value to EBITDA (EV/EBITDA)	91.00	633.39	0.00	0.00	0.00	0.00	0.00	3,441.34	39.38	51.39
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)	22.38	12.81	16.54	31.50	17.76	13.82	5.67	5.16	5.56	5.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	612.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.21	0.21	0.21	0.21	0.37	0.37	0.37	0.37	0.38
Long-Term Debt to Equity	0.03	0.20	0.21	0.21	0.21	0.36	0.36	0.36	0.36	0.37
Financial Leverage	-0.40	-0.41	-0.40	-0.39	-0.37	-0.39	-0.35	-0.33	-0.32	-0.32
Leverage Ratio	1.25	1.38	1.39	1.38	1.41	1.60	1.61	1.60	1.62	1.72
Compound Leverage Factor	1.31	1.56	1.53	1.76	1.72	4.71	3.28	4.46	3.49	3.77
Debt to Total Capital	4.27%	17.07%	17.08%	17.09%	17.33%	26.74%	27.07%	27.06%	27.11%	27.53%
Short-Term Debt to Total Capital	1.06%	0.49%	0.00%	0.00%	0.00%	0.67%	0.89%	0.77%	0.78%	0.81%
Long-Term Debt to Total Capital	3.20%	16.58%	17.07%	17.08%	17.32%	26.07%	26.18%	26.29%	26.32%	26.72%
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	1.01%	0.85%	0.87%	0.84%	0.84%	0.69%	0.67%	0.65%	0.64%	0.63%
Common Equity to Total Capital	94.72%	82.07%	82.06%	82.07%	81.83%	72.57%	72.26%	72.29%	72.26%	71.84%
Debt to EBITDA	3.29	110.94	-9.14	-8.32	-3.81	-7.59	-32.46	2,505.86	22.46	39.50
Net Debt to EBITDA	-29.86	-228.91	16.96	14.11	5.92	7.26	28.05	-2,138.69	-18.54	-30.54
Long-Term Debt to EBITDA	2.47	107.76	-9.13	-8.32	-3.81	-7.40	-31.39	2,434.37	21.81	38.33
Debt to NOPAT	-0.99	-4.14	-3.09	-3.03	-2.56	-5.01	-7.69	-9.03	-12.95	-10.74
Net Debt to NOPAT	9.04	8.54	5.73	5.14	3.97	4.79	6.65	7.70	10.69	8.31
Long-Term Debt to NOPAT	-0.75	-4.02	-3.09	-3.03	-2.56	-4.88	-7.44	-8.77	-12.57	-10.43
Altman Z-Score	2.81	1.60	1.11	1.45	0.79	0.55	0.23	0.22	0.30	0.05
Noncontrolling Interest Sharing Ratio	1.10%	1.07%	1.06%	1.05%	1.04%	0.98%	0.98%	0.96%	0.94%	0.90%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.65	3.18	2.91	3.06	2.69	2.87	3.14	3.17	3.06	2.67
Quick Ratio	1.95	2.52	1.21	1.87	1.87	2.34	2.50	2.59	2.55	2.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	18	30	-22	-46	-48	-64	-67	-45	-46	-40
Operating Cash Flow to CapEx	-4.40%	230.34%	-107.20%	48.50%	31.60%	127.94%	14.24%	134.85%	101.97%	192.30%
Free Cash Flow to Firm to Interest Expense	26.38	16.29	-5.15	-10.51	-12.23	-6.18	-8.67	-5.71	-5.55	-4.87
Operating Cash Flow to Interest Expense	-0.76	19.14	-4.36	2.76	1.99	4.17	0.33	2.37	2.56	2.69
Operating Cash Flow Less CapEx to Interest Expense	-18.07	10.83	-8.44	-2.93	-4.31	0.91	-2.01	0.61	0.05	1.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.47	0.47	0.43	0.36	0.34	0.35	0.36	0.33
Accounts Receivable Turnover	3.77	3.81	4.22	4.87	3.44	3.79	3.37	3.69	3.35	3.49
Inventory Turnover	8.77	8.99	10.54	9.88	9.16	8.33	6.71	6.64	6.73	6.48
Fixed Asset Turnover	0.00	1.60	1.77	1.69	1.56	1.43	1.30	1.28	1.25	1.19
Accounts Payable Turnover	11.81	8.95	11.45	10.41	8.77	6.78	7.21	8.13	7.24	6.37
Days Sales Outstanding (DSO)	96.83	95.70	86.59	75.00	106.16	96.29	108.24	98.90	108.94	104.52
Days Inventory Outstanding (DIO)	41.63	40.59	34.64	36.94	39.83	43.81	54.40	55.00	54.22	56.34
Days Payable Outstanding (DPO)	30.90	40.79	31.87	35.05	41.62	53.87	50.62	44.91	50.43	57.31
Cash Conversion Cycle (CCC)	107.56	95.50	89.35	76.89	104.37	86.23	112.02	109.00	112.73	103.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	434	418	435	457	466	478	496	499	507	508
Invested Capital Turnover	0.89	0.96	1.08	1.05	0.96	0.95	0.85	0.85	0.85	0.84
Increase / (Decrease) in Invested Capital	-24	-38	-2.39	37	33	59	61	41	40	31
Enterprise Value (EV)	899	855	709	867	636	605	371	372	477	356
Market Capitalization	1,187	1,157	971	1,106	854	854	598	596	695	561
Book Value per Share	$3.24	$3.24	$3.13	$3.12	$3.07	$3.26	$3.24	$3.24	$3.24	$3.19
Tangible Book Value per Share	$2.93	$2.92	$2.81	$2.80	$2.75	$2.94	$2.92	$2.92	$2.93	$2.88
Total Capital	761	877	849	848	837	1,001	1,000	1,000	1,003	993
Total Debt	32	150	145	145	145	268	271	271	272	273
Total Long-Term Debt	24	145	145	145	145	261	262	263	264	265
Net Debt	-295	-309	-269	-246	-225	-256	-234	-231	-224	-211
Capital Expenditures (CapEx)	12	15	18	25	25	34	18	14	21	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	95	62	68	70	71	48	64	65	60	48
Debt-free Net Working Capital (DFNWC)	230	328	290	264	247	313	315	316	306	267
Net Working Capital (NWC)	221	324	290	264	247	306	306	308	298	259
Net Nonoperating Expense (NNE)	3.05	4.76	14	7.35	11	14	12	13	12	21
Net Nonoperating Obligations (NNO)	-295	-309	-269	-246	-225	-256	-234	-231	-224	-211
Total Depreciation and Amortization (D&A)	20	11	9.47	9.92	12	9.48	10	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	23.96%	14.84%	14.48%	15.22%	16.39%	11.27%	16.09%	16.04%	14.55%	11.44%
Debt-free Net Working Capital to Revenue	57.63%	78.03%	61.81%	57.14%	57.22%	73.64%	79.34%	78.24%	73.95%	64.23%
Net Working Capital to Revenue	55.60%	77.01%	61.80%	57.13%	57.21%	72.06%	77.09%	76.33%	72.06%	62.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.05)	($0.17)	($0.07)	($0.12)	($0.09)	($0.08)	($0.07)	($0.08)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	222.24M	222.41M	222.72M	222.91M	222.97M	222.90M	223.21M	223.29M	223.43M	223.35M
Adjusted Diluted Earnings per Share	($0.04)	($0.05)	($0.17)	($0.07)	($0.12)	($0.09)	($0.08)	($0.07)	($0.08)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	222.24M	222.41M	222.72M	222.91M	222.97M	222.90M	223.21M	223.29M	223.43M	223.35M
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	222.43M	222.73M	222.91M	222.97M	223.02M	223.24M	223.26M	223.43M	223.46M	223.61M
Normalized Net Operating Profit after Tax (NOPAT)	-6.04	-7.80	-25	-9.14	-15	-4.60	-6.52	-3.91	-5.97	-9.05
Normalized NOPAT Margin	-4.81%	-6.86%	-18.75%	-10.09%	-15.65%	-4.30%	-6.28%	-4.00%	-5.69%	-8.27%
Pre Tax Income Margin	-7.15%	-11.05%	-29.43%	-18.27%	-27.20%	-17.86%	-18.12%	-16.04%	-17.42%	-25.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.84	-6.08	-8.12	-2.98	-5.48	-0.63	-1.19	-0.71	-1.02	-1.59
NOPAT to Interest Expense	-9.01	-4.27	-5.69	-2.09	-3.84	-0.45	-0.84	-0.49	-0.71	-1.11
EBIT Less CapEx to Interest Expense	-30.15	-14.38	-12.20	-8.67	-11.78	-3.89	-3.53	-2.47	-3.52	-2.98
NOPAT Less CapEx to Interest Expense	-26.32	-12.58	-9.76	-7.78	-10.14	-3.70	-3.18	-2.25	-3.22	-2.51
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	-18.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Clean Energy Fuels' Financials

When does Clean Energy Fuels's financial year end?

According to the most recent income statement we have on file, Clean Energy Fuels' fiscal year ends in December. Their fiscal 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. Check out Clean Energy Fuels' forecast to explore projected trends and price targets.

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 5/6/2025 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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