Clean Energy Fuels Corp. (CLNE) 10-Year Financial Performance & Capital Metrics

CLNE • • Industrial / General

EnergyOil Refining & MarketingRenewable & Alternative FuelsRenewable Natural Gas

AboutClean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2021, the company served approximately 1,000 fleet customers operating approximately 48,000 vehicles; and owned, operated, or supplied approximately 548 fueling stations in 42 states in the United States and 25 fueling stations in Canada. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.Show more

Revenue $416M -2.2%
EBITDA $8M +127.3%
Net Income -$83M +16.5%
EPS (Diluted) -0.37 +17.8%
Gross Margin 20.1% +138.3%
EBITDA Margin 2.02% +127.9%
Operating Margin -8.74% +51.4%
Net Margin -19.98% +14.6%
ROE -11.43% +16.1%
ROIC -2.75% +57.0%
Debt/Equity 0.51 +3.3%
Interest Coverage -1.13 +66.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.31%

5Y3.86%

3Y17.61%

TTM2.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-192.17%

EPS CAGR

10Y-

5Y-

3Y-

TTM-199.55%

ROCE

10Y Avg-5.51%

5Y Avg-6.25%

3Y Avg-5.57%

Latest-3.33%

Peer Comparison

Renewable Natural Gas

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLNEClean Energy Fuels Corp.	482.46M	2.20	-5.95	-2.19%	-49.55%	-35.39%		0.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	384.32M	402.66M	341.6M	346.42M	344.06M	291.72M	255.65M	420.16M	425.16M	415.87M
Revenue Growth %	-0.1%	0.05%	-0.15%	0.01%	-0.01%	-0.15%	-0.12%	0.64%	0.01%	-0.02%
Cost of Goods Sold+	313.7M	314.81M	312.44M	264.77M	261.73M	233.09M	260.79M	362.42M	389.29M	332.28M
COGS % of Revenue	0.82%	0.78%	0.91%	0.76%	0.76%	0.8%	1.02%	0.86%	0.92%	0.8%
Gross Profit+	70.62M	87.84M	29.16M	81.64M	82.33M	58.63M	-5.14M	57.75M	35.87M	83.58M
Gross Margin %	0.18%	0.22%	0.09%	0.24%	0.24%	0.2%	-0.02%	0.14%	0.08%	0.2%
Gross Profit Growth %	-0.01%	0.24%	-0.67%	1.8%	0.01%	-0.29%	-1.09%	12.23%	-0.38%	1.33%
Operating Expenses+	113.65M	105.5M	95.67M	77.21M	72.41M	68.48M	89.91M	109.46M	112.27M	119.94M
OpEx % of Revenue	0.3%	0.26%	0.28%	0.22%	0.21%	0.23%	0.35%	0.26%	0.26%	0.29%
Selling, General & Admin	113.65M	105.5M	95.67M	77.21M	73.44M	68.52M	89.91M	109.46M	112.27M	111.83M
SG&A % of Revenue	0.3%	0.26%	0.28%	0.22%	0.21%	0.23%	0.35%	0.26%	0.26%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-306K	139K	-566K	-1.04M	-40K	0	0	0	8.1M
Operating Income+	-41.62M	-17.64M	-134.45M	3.9M	9.93M	-9.84M	-95.05M	-51.71M	-76.4M	-36.35M
Operating Margin %	-0.11%	-0.04%	-0.39%	0.01%	0.03%	-0.03%	-0.37%	-0.12%	-0.18%	-0.09%
Operating Income Growth %	0.23%	0.58%	-6.62%	1.03%	1.55%	-1.99%	-8.66%	0.46%	-0.48%	0.52%
EBITDA+	13.6M	41.63M	-77.83M	55.74M	59.55M	37.84M	-49.86M	2.97M	-30.73M	8.38M
EBITDA Margin %	0.04%	0.1%	-0.23%	0.16%	0.17%	0.13%	-0.2%	0.01%	-0.07%	0.02%
EBITDA Growth %	3.56%	2.06%	-2.87%	1.72%	0.07%	-0.36%	-2.32%	1.06%	-11.36%	1.27%
D&A (Non-Cash Add-back)	55.22M	59.26M	56.61M	51.85M	49.63M	47.68M	45.18M	54.67M	45.67M	44.74M
EBIT	-38.03M	17.21M	-65.55M	7.08M	21.69M	-3.87M	-89.61M	-53.06M	-77.6M	-48.82M
Net Interest Income+	-94.97M	-28.77M	-16.25M	-13.07M	-5.14M	-6M	-3.35M	-2.93M	-11.78M	-18.17M
Interest Income	0	827K	1.5M	2.86M	2.44M	1.34M	1.08M	3.37M	11.15M	14.01M
Interest Expense	94.97M	29.59M	17.75M	15.92M	7.57M	7.35M	4.43M	6.31M	22.92M	32.18M
Other Income/Expense	-92.22M	5.25M	51.14M	-12.74M	4.19M	-1.38M	1.01M	-7.66M	-24.12M	-44.64M
Pretax Income+	-133.84M	-12.38M	-83.31M	-8.84M	14.12M	-11.22M	-94.04M	-59.37M	-100.52M	-81M
Pretax Margin %	-0.35%	-0.03%	-0.24%	-0.03%	0.04%	-0.04%	-0.37%	-0.14%	-0.24%	-0.19%
Income Tax+	1.61M	1.34M	-1.91M	341K	858K	309K	119K	220K	-423K	2.69M
Effective Tax Rate %	1%	0.98%	0.95%	0.43%	1.45%	0.88%	0.99%	0.99%	0.99%	1.03%
Net Income+	-134.24M	-12.15M	-79.24M	-3.79M	20.42M	-9.86M	-93.15M	-58.73M	-99.5M	-83.07M
Net Margin %	-0.35%	-0.03%	-0.23%	-0.01%	0.06%	-0.03%	-0.36%	-0.14%	-0.23%	-0.2%
Net Income Growth %	-0.5%	0.91%	-5.52%	0.95%	6.39%	-1.48%	-8.44%	0.37%	-0.69%	0.17%
Net Income (Continuing)	-135.46M	-13.72M	-81.39M	-9.18M	13.26M	-11.53M	-94.16M	-59.59M	-100.1M	-83.69M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	26.39M	24.82M	22.67M	17.01M	9.62M	9.34M	8.34M	7.48M	6.88M	6.26M
EPS (Diluted)+	-1.47	-0.10	-0.53	-0.02	0.10	-0.05	-0.44	-0.26	-0.45	-0.37
EPS Growth %	-0.53%	0.93%	-4.3%	0.96%	5.76%	-1.5%	-7.8%	0.41%	-0.73%	0.18%
EPS (Basic)	-1.47	-0.10	-0.53	-0.02	0.10	-0.05	-0.44	-0.26	-0.45	-0.37
Diluted Shares Outstanding	91.61M	119.4M	150.43M	180.66M	205.99M	200.66M	213.12M	222.41M	222.9M	223.35M
Basic Shares Outstanding	91.61M	119.4M	149.5M	180.66M	204.57M	200.66M	213.12M	222.41M	222.9M	223.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	329.44M	261.76M	304.9M	225.61M	293.79M	263.04M	409.94M	471.72M	470.18M	413.77M
Cash & Short-Term Investments	146.67M	109.84M	177.54M	96.27M	106.15M	138.5M	229.17M	265.52M	263.13M	217.48M
Cash Only	43.72M	36.12M	36.08M	30.62M	49.22M	108.98M	99.45M	125.95M	104.94M	89.51M
Short-Term Investments	102.94M	73.72M	141.46M	65.65M	56.93M	29.53M	129.72M	139.57M	158.19M	127.97M
Accounts Receivable	134.31M	101.37M	83.2M	84.41M	147.11M	85.44M	111.88M	108.46M	118.2M	127.67M
Days Sales Outstanding	127.56	91.89	88.9	88.94	156.06	106.9	159.74	94.22	101.47	112.06
Inventory	29.29M	29.54M	35.24M	34.98M	29.87M	28.1M	31.3M	37.14M	45.34M	43.43M
Days Inventory Outstanding	34.08	34.25	41.17	48.21	41.66	44	43.81	37.41	42.51	47.71
Other Current Assets	4.24M	7M	1.13M	2.29M	10.65M	1.59M	0	60.6M	43.51M	3.6M
Total Non-Current Assets+	676.35M	635.49M	487.01M	473.48M	483.29M	451.99M	547.13M	610.64M	789.28M	830.12M
Property, Plant & Equipment	516.32M	483.92M	367.31M	350.57M	352.54M	316.88M	304.3M	316.65M	424.08M	455.92M
Fixed Asset Turnover	0.74x	0.83x	0.93x	0.99x	0.98x	0.92x	0.84x	1.33x	1.00x	0.91x
Goodwill	91.97M	93.02M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M
Intangible Assets	42.64M	38.7M	3.59M	2.21M	1.23M	464K	5.5M	5.92M	6.37M	6.37M
Long-Term Investments	5.7M	3.48M	30.39M	26.08M	37.84M	27.96M	109.81M	193.27M	258.77M	265.27M
Other Non-Current Assets	19.72M	16.38M	21.4M	4M	27.35M	11M	7.01M	30.47M	35.73M	38.24M
Total Assets+	1.01B	897.26M	791.91M	699.08M	777.09M	715.03M	957.07M	1.08B	1.26B	1.24B
Asset Turnover	0.38x	0.45x	0.43x	0.50x	0.44x	0.41x	0.27x	0.39x	0.34x	0.33x
Asset Growth %	-0.13%	-0.11%	-0.12%	-0.12%	0.11%	-0.08%	0.34%	0.13%	0.16%	-0.01%
Total Current Liabilities+	246.67M	89.22M	203.3M	80.26M	162.56M	79.84M	125.9M	148.15M	163.82M	154.72M
Accounts Payable	26.91M	23.64M	17.9M	19.02M	27.38M	17.31M	24.35M	44.44M	56.99M	33.3M
Days Payables Outstanding	31.31	27.41	20.91	26.23	38.18	27.11	34.08	44.75	53.44	36.58
Short-Term Debt	149.86M	5.94M	139.7M	5.41M	59.99M	3.59M	12.85M	93K	38K	40K
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.5M	35.99M	31.53M	33.52M	56.48M	37.62M	64.34M	80.51M	7.19M	105.56M
Current Ratio	1.34x	2.93x	1.50x	2.81x	1.81x	3.29x	3.26x	3.18x	2.87x	2.67x
Quick Ratio	1.22x	2.60x	1.33x	2.38x	1.62x	2.94x	3.01x	2.93x	2.59x	2.39x
Cash Conversion Cycle	130.33	98.74	109.15	110.93	159.55	123.8	169.46	86.87	90.54	123.19
Total Non-Current Liabilities+	430.18M	314.35M	138.95M	93.81M	71.49M	112.33M	75.75M	206.74M	361.99M	369.64M
Long-Term Debt	417.29M	306.43M	120.39M	78.78M	32.87M	82.09M	23.21M	145.47M	261.12M	265.33M
Capital Lease Obligations	0	0	0	3.78M	28.92M	26.25M	41.86M	51.05M	90.9M	90.81M
Deferred Tax Liabilities	0	0	0	-9.84M	0	-59K	0	0	0	0
Other Non-Current Liabilities	7.9M	7.92M	18.57M	11.26M	3.36M	4M	10.68M	10.22M	9.96M	13.5M
Total Liabilities	676.85M	403.57M	342.25M	174.07M	234.06M	192.18M	201.66M	354.89M	525.81M	524.36M
Total Debt+	572.41M	312.38M	260.09M	88.65M	121.78M	115.59M	82.31M	201.76M	360.51M	365.13M
Net Debt	528.69M	276.26M	224.01M	58.03M	72.56M	6.62M	-17.13M	75.81M	255.57M	275.62M
Debt / Equity	1.74x	0.63x	0.58x	0.17x	0.22x	0.22x	0.11x	0.28x	0.49x	0.51x
Debt / EBITDA	42.10x	7.50x	-	1.59x	2.04x	3.05x	-	68.00x	-	43.55x
Net Debt / EBITDA	38.89x	6.64x	-	1.04x	1.22x	0.17x	-	25.55x	-	32.87x
Interest Coverage	-0.44x	-0.60x	-7.57x	0.24x	1.31x	-1.34x	-21.46x	-8.20x	-3.33x	-1.13x
Total Equity+	328.94M	493.69M	449.66M	525.01M	543.03M	522.85M	755.41M	727.47M	733.65M	719.53M
Equity Growth %	-0.29%	0.5%	-0.09%	0.17%	0.03%	-0.04%	0.44%	-0.04%	0.01%	-0.02%
Book Value per Share	3.59	4.13	2.99	2.91	2.64	2.61	3.54	3.27	3.29	3.22
Total Shareholders' Equity	302.55M	468.87M	426.99M	508M	533.41M	513.51M	747.08M	719.99M	726.77M	713.27M
Common Stock	9K	15K	15K	20K	20K	20K	22K	22K	22K	22K
Retained Earnings	-591.68M	-603.84M	-683.57M	-688.65M	-668.23M	-678.1M	-771.24M	-829.98M	-929.47M	-1.01B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-20.97M	-17.68M	-887K	-2.14M	-1.57M	-209K	-1.62M	-3.72M	-2.12M	-4.3M
Minority Interest	26.39M	24.82M	22.67M	17.01M	9.62M	9.34M	8.34M	7.48M	6.88M	6.26M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-12.1M	46.06M	-5.43M	37.98M	12.28M	61.04M	41.3M	66.73M	43.78M	64.58M
Operating CF Margin %	-0.03%	0.11%	-0.02%	0.11%	0.04%	0.21%	0.16%	0.16%	0.1%	0.16%
Operating CF Growth %	0.84%	4.81%	-1.12%	8%	-0.68%	3.97%	-0.32%	0.62%	-0.34%	0.48%
Net Income	-135.46M	-13.72M	-81.39M	-9.18M	13.26M	-11.53M	-94.16M	-59.59M	-99.5M	-30.63M
Depreciation & Amortization	55.22M	59.26M	56.61M	51.85M	52.86M	47.68M	45.18M	54.67M	45.67M	44.74M
Stock-Based Compensation	10.78M	8.09M	8.12M	5.31M	3.88M	2.96M	98.64M	50.77M	83.94M	71.57M
Deferred Taxes	305K	-30M	10.51M	-6.27M	738K	120K	69K	173K	-515K	2.63M
Other Non-Cash Items	57.95M	1.53M	847K	-1.22M	-2.47M	-31K	7.3M	11.46M	22.85M	-6.9M
Working Capital Changes	-892K	20.9M	-128K	-2.5M	-55.99M	21.84M	-15.74M	9.24M	-8.68M	-16.82M
Change in Receivables	3.43M	30.17M	6.88M	-2.14M	-65.22M	42.05M	-24.26M	-1.07M	-7.71M	-8.18M
Change in Inventory	5.41M	-1.52M	963K	-1.06M	3.44M	108K	-5.7M	-9.32M	-11.39M	-57K
Change in Payables	-12.01M	-764K	-8.96M	679K	9.32M	-9.34M	6.62M	9.32M	14.77M	-18.78M
Cash from Investing+	-33.87M	1.07M	47.66M	54.37M	-1.5M	24.17M	-207.66M	-148.54M	-202.01M	-77.68M
Capital Expenditures	-51.41M	-23.64M	-36.31M	-25.26M	-27.09M	-13.27M	-28.91M	-53.5M	-121.28M	-65M
CapEx % of Revenue	0.13%	0.06%	0.11%	0.07%	0.08%	0.05%	0.11%	0.13%	0.29%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.7M	-4.61M	1.79M	1.05M	8.38M	10.54M	344K	3.05M	-68.77M	-57.22M
Cash from Financing+	407K	-55.62M	-43.16M	-95.21M	7.68M	-18.66M	152.83M	101.65M	139.12M	-1.94M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-883K	-2.28M	-9.49M	-1M	-123K	-1.02M	-2.37M	-9.6M	-10.23M	226K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-63.51M	22.42M	-41.73M	12.72M	-14.81M	47.77M	12.39M	13.23M	-77.5M	-418K
FCF Margin %	-0.17%	0.06%	-0.12%	0.04%	-0.04%	0.16%	0.05%	0.03%	-0.18%	-0%
FCF Growth %	0.61%	1.35%	-2.86%	1.3%	-2.16%	4.23%	-0.74%	0.07%	-6.86%	0.99%
FCF per Share	-0.69	0.19	-0.28	0.07	-0.07	0.24	0.06	0.06	-0.35	-0.00
FCF Conversion (FCF/Net Income)	0.09x	-3.79x	0.07x	-10.02x	0.60x	-6.19x	-0.44x	-1.14x	-0.44x	-0.78x
Interest Paid	37.66M	29.77M	17.05M	16.75M	6.79M	5.62M	3.91M	1.87M	16.36M	27.4M
Taxes Paid	890K	1.01M	344K	257K	36K	8K	15K	68K	77K	60K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-33.81%	-2.95%	-16.8%	-0.78%	3.82%	-1.85%	-14.57%	-7.92%	-13.62%	-11.43%
Return on Invested Capital (ROIC)	-3.47%	-1.63%	-13.97%	0.46%	1.24%	-1.29%	-11.25%	-5.03%	-6.39%	-2.75%
Gross Margin	18.37%	21.82%	8.54%	23.57%	23.93%	20.1%	-2.01%	13.74%	8.44%	20.1%
Net Margin	-34.93%	-3.02%	-23.2%	-1.09%	5.94%	-3.38%	-36.44%	-13.98%	-23.4%	-19.98%
Debt / Equity	1.74x	0.63x	0.58x	0.17x	0.22x	0.22x	0.11x	0.28x	0.49x	0.51x
Interest Coverage	-0.44x	-0.60x	-7.57x	0.24x	1.31x	-1.34x	-21.46x	-8.20x	-3.33x	-1.13x
FCF Conversion	0.09x	-3.79x	0.07x	-10.02x	0.60x	-6.19x	-0.44x	-1.14x	-0.44x	-0.78x
Revenue Growth	-10.4%	4.77%	-15.16%	1.41%	-0.68%	-15.21%	-12.37%	64.35%	1.19%	-2.19%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	-	-	-	-	-	-	356.71M
Product Growth	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	-	-	-	-	-	59.16M
Service Growth	-	-	-	-	-	-	-	-	-	-
Station construction sales	-	-	-	-	-	-	16.41M	22.35M	26.43M	25.19M
Station construction sales Growth	-	-	-	-	-	-	-	36.21%	18.26%	-4.67%
Federal Alternative Fuels Tax Credit	-	-	-	26.73M	47.12M	19.83M	-	-	-	23.82M
Federal Alternative Fuels Tax Credit Growth	-	-	-	-	76.30%	-57.92%	-	-	-	-
LCFS Credits	-	-	-	-	-	-	-	12.63M	9.88M	9.95M
LCFS Credits Growth	-	-	-	-	-	-	-	-	-21.76%	0.70%
Other services	-	-	-	-	-	-	-	1.27M	2.67M	2.27M
Other services Growth	-	-	-	-	-	-	-	-	110.96%	-15.14%
Product revenue	-	-	-	-	-	-	-	373M	369.82M	-
Product revenue Growth	-	-	-	-	-	-	-	-	-0.85%	-
Service revenue	-	-	-	-	-	-	-	47.17M	55.34M	-
Service revenue Growth	-	-	-	-	-	-	-	-	17.31%	-
AFTC	-	-	-	-	-	-	20.7M	21.76M	20.85M	-
AFTC Growth	-	-	-	-	-	-	-	5.12%	-4.16%	-
Volume -Related	-	-	-	-	-	-	218.54M	-	-	-
Volume -Related Growth	-	-	-	-	-	-	-	-	-	-
Volume Related Revenue	260.6M	283.81M	264.88M	286.68M	273.54M	245.3M	-	-	-	-
Volume Related Revenue Growth	-	8.91%	-6.67%	8.23%	-4.59%	-10.32%	-	-	-	-
Station Construction Sales	-	-	-	25.5M	23.12M	26.59M	-	-	-	-
Station Construction Sales Growth	-	-	-	-	-9.34%	15.02%	-	-	-	-
Other Revenue Source	-	-	-	7.5M	287K	-	-	-	-	-
Other Revenue Source Growth	-	-	-	-	-96.18%	-	-	-	-	-
Compressor Sales	-	-	-	-	-	-	-	-	-	-
Compressor Sales Growth	-	-	-	-	-	-	-	-	-	-
Station Construction Project Sales	37.83M	64.94M	51.85M	-	-	-	-	-	-	-
Station Construction Project Sales Growth	-	71.67%	-20.15%	-	-	-	-	-	-	-
Compression Business (IMW)	54.5M	27.26M	23.53M	-	-	-	-	-	-	-
Compression Business (IMW) Growth	-	-49.98%	-13.70%	-	-	-	-	-	-	-
Other Products and Services	378K	-	1.34M	-	-	-	-	-	-	-
Other Products and Services Growth	-	-	-	-	-	-	-	-	-	-
VETC	30.99M	26.64M	-	-	-	-	-	-	-	-
VETC Growth	-	-14.03%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	330M	378.5M	316.76M	337.53M	-	-	-	-	-	410.15M
UNITED STATES Growth	-	14.70%	-16.31%	6.56%	-	-	-	-	-	-
CANADA	21.82M	11.5M	6.85M	8.89M	-	-	-	-	-	5.71M
CANADA Growth	-	-47.28%	-40.48%	29.83%	-	-	-	-	-	-
United States	-	-	-	-	-	-	252.31M	416.98M	418.75M	-
United States Growth	-	-	-	-	-	-	-	65.26%	0.43%	-
Canada	-	-	-	-	-	-	3.34M	3.19M	6.41M	-
Canada Growth	-	-	-	-	-	-	-	-4.41%	100.85%	-
U	-	-	-	-	338.55M	281.55M	-	-	-	-
U Growth	-	-	-	-	-	-16.84%	-	-	-	-
C	-	-	-	-	5.52M	10.18M	-	-	-	-
C Growth	-	-	-	-	-	84.52%	-	-	-	-
Geographical Other	32.5M	12.66M	18M	-	-	-	-	-	-	-
Geographical Other Growth	-	-61.05%	42.19%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Clean Energy Fuels Corp. (CLNE) reported $422.2M in revenue for fiscal year 2024. This represents a 44% increase from $292.7M in 2011.

Clean Energy Fuels Corp. (CLNE) saw revenue decline by 2.2% over the past year.

Clean Energy Fuels Corp. (CLNE) reported a net loss of $209.2M for fiscal year 2024.

Dividend & Returns

Clean Energy Fuels Corp. (CLNE) has a return on equity (ROE) of -11.4%. Negative ROE indicates the company is unprofitable.

Clean Energy Fuels Corp. (CLNE) generated $35.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Clean Energy Fuels Corp. (CLNE) 10-Year Financial Performance & Capital Metrics

CLNE • • Industrial / General

EnergyOil Refining & MarketingRenewable & Alternative FuelsRenewable Natural Gas

Revenue $416M -2.2%
EBITDA $8M +127.3%
Net Income -$83M +16.5%
EPS (Diluted) -0.37 +17.8%
Gross Margin 20.1% +138.3%
EBITDA Margin 2.02% +127.9%
Operating Margin -8.74% +51.4%
Net Margin -19.98% +14.6%
ROE -11.43% +16.1%
ROIC -2.75% +57.0%
Debt/Equity 0.51 +3.3%
Interest Coverage -1.13 +66.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.31%

5Y3.86%

3Y17.61%

TTM2.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-192.17%

EPS CAGR

10Y-

5Y-

3Y-

TTM-199.55%

ROCE

10Y Avg-5.51%

5Y Avg-6.25%

3Y Avg-5.57%

Latest-3.33%

Peer Comparison

Renewable Natural Gas

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLNEClean Energy Fuels Corp.	482.46M	2.20	-5.95	-2.19%	-49.55%	-35.39%		0.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	384.32M	402.66M	341.6M	346.42M	344.06M	291.72M	255.65M	420.16M	425.16M	415.87M
Revenue Growth %	-0.1%	0.05%	-0.15%	0.01%	-0.01%	-0.15%	-0.12%	0.64%	0.01%	-0.02%
Cost of Goods Sold+	313.7M	314.81M	312.44M	264.77M	261.73M	233.09M	260.79M	362.42M	389.29M	332.28M
COGS % of Revenue	0.82%	0.78%	0.91%	0.76%	0.76%	0.8%	1.02%	0.86%	0.92%	0.8%
Gross Profit+	70.62M	87.84M	29.16M	81.64M	82.33M	58.63M	-5.14M	57.75M	35.87M	83.58M
Gross Margin %	0.18%	0.22%	0.09%	0.24%	0.24%	0.2%	-0.02%	0.14%	0.08%	0.2%
Gross Profit Growth %	-0.01%	0.24%	-0.67%	1.8%	0.01%	-0.29%	-1.09%	12.23%	-0.38%	1.33%
Operating Expenses+	113.65M	105.5M	95.67M	77.21M	72.41M	68.48M	89.91M	109.46M	112.27M	119.94M
OpEx % of Revenue	0.3%	0.26%	0.28%	0.22%	0.21%	0.23%	0.35%	0.26%	0.26%	0.29%
Selling, General & Admin	113.65M	105.5M	95.67M	77.21M	73.44M	68.52M	89.91M	109.46M	112.27M	111.83M
SG&A % of Revenue	0.3%	0.26%	0.28%	0.22%	0.21%	0.23%	0.35%	0.26%	0.26%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-306K	139K	-566K	-1.04M	-40K	0	0	0	8.1M
Operating Income+	-41.62M	-17.64M	-134.45M	3.9M	9.93M	-9.84M	-95.05M	-51.71M	-76.4M	-36.35M
Operating Margin %	-0.11%	-0.04%	-0.39%	0.01%	0.03%	-0.03%	-0.37%	-0.12%	-0.18%	-0.09%
Operating Income Growth %	0.23%	0.58%	-6.62%	1.03%	1.55%	-1.99%	-8.66%	0.46%	-0.48%	0.52%
EBITDA+	13.6M	41.63M	-77.83M	55.74M	59.55M	37.84M	-49.86M	2.97M	-30.73M	8.38M
EBITDA Margin %	0.04%	0.1%	-0.23%	0.16%	0.17%	0.13%	-0.2%	0.01%	-0.07%	0.02%
EBITDA Growth %	3.56%	2.06%	-2.87%	1.72%	0.07%	-0.36%	-2.32%	1.06%	-11.36%	1.27%
D&A (Non-Cash Add-back)	55.22M	59.26M	56.61M	51.85M	49.63M	47.68M	45.18M	54.67M	45.67M	44.74M
EBIT	-38.03M	17.21M	-65.55M	7.08M	21.69M	-3.87M	-89.61M	-53.06M	-77.6M	-48.82M
Net Interest Income+	-94.97M	-28.77M	-16.25M	-13.07M	-5.14M	-6M	-3.35M	-2.93M	-11.78M	-18.17M
Interest Income	0	827K	1.5M	2.86M	2.44M	1.34M	1.08M	3.37M	11.15M	14.01M
Interest Expense	94.97M	29.59M	17.75M	15.92M	7.57M	7.35M	4.43M	6.31M	22.92M	32.18M
Other Income/Expense	-92.22M	5.25M	51.14M	-12.74M	4.19M	-1.38M	1.01M	-7.66M	-24.12M	-44.64M
Pretax Income+	-133.84M	-12.38M	-83.31M	-8.84M	14.12M	-11.22M	-94.04M	-59.37M	-100.52M	-81M
Pretax Margin %	-0.35%	-0.03%	-0.24%	-0.03%	0.04%	-0.04%	-0.37%	-0.14%	-0.24%	-0.19%
Income Tax+	1.61M	1.34M	-1.91M	341K	858K	309K	119K	220K	-423K	2.69M
Effective Tax Rate %	1%	0.98%	0.95%	0.43%	1.45%	0.88%	0.99%	0.99%	0.99%	1.03%
Net Income+	-134.24M	-12.15M	-79.24M	-3.79M	20.42M	-9.86M	-93.15M	-58.73M	-99.5M	-83.07M
Net Margin %	-0.35%	-0.03%	-0.23%	-0.01%	0.06%	-0.03%	-0.36%	-0.14%	-0.23%	-0.2%
Net Income Growth %	-0.5%	0.91%	-5.52%	0.95%	6.39%	-1.48%	-8.44%	0.37%	-0.69%	0.17%
Net Income (Continuing)	-135.46M	-13.72M	-81.39M	-9.18M	13.26M	-11.53M	-94.16M	-59.59M	-100.1M	-83.69M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	26.39M	24.82M	22.67M	17.01M	9.62M	9.34M	8.34M	7.48M	6.88M	6.26M
EPS (Diluted)+	-1.47	-0.10	-0.53	-0.02	0.10	-0.05	-0.44	-0.26	-0.45	-0.37
EPS Growth %	-0.53%	0.93%	-4.3%	0.96%	5.76%	-1.5%	-7.8%	0.41%	-0.73%	0.18%
EPS (Basic)	-1.47	-0.10	-0.53	-0.02	0.10	-0.05	-0.44	-0.26	-0.45	-0.37
Diluted Shares Outstanding	91.61M	119.4M	150.43M	180.66M	205.99M	200.66M	213.12M	222.41M	222.9M	223.35M
Basic Shares Outstanding	91.61M	119.4M	149.5M	180.66M	204.57M	200.66M	213.12M	222.41M	222.9M	223.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	329.44M	261.76M	304.9M	225.61M	293.79M	263.04M	409.94M	471.72M	470.18M	413.77M
Cash & Short-Term Investments	146.67M	109.84M	177.54M	96.27M	106.15M	138.5M	229.17M	265.52M	263.13M	217.48M
Cash Only	43.72M	36.12M	36.08M	30.62M	49.22M	108.98M	99.45M	125.95M	104.94M	89.51M
Short-Term Investments	102.94M	73.72M	141.46M	65.65M	56.93M	29.53M	129.72M	139.57M	158.19M	127.97M
Accounts Receivable	134.31M	101.37M	83.2M	84.41M	147.11M	85.44M	111.88M	108.46M	118.2M	127.67M
Days Sales Outstanding	127.56	91.89	88.9	88.94	156.06	106.9	159.74	94.22	101.47	112.06
Inventory	29.29M	29.54M	35.24M	34.98M	29.87M	28.1M	31.3M	37.14M	45.34M	43.43M
Days Inventory Outstanding	34.08	34.25	41.17	48.21	41.66	44	43.81	37.41	42.51	47.71
Other Current Assets	4.24M	7M	1.13M	2.29M	10.65M	1.59M	0	60.6M	43.51M	3.6M
Total Non-Current Assets+	676.35M	635.49M	487.01M	473.48M	483.29M	451.99M	547.13M	610.64M	789.28M	830.12M
Property, Plant & Equipment	516.32M	483.92M	367.31M	350.57M	352.54M	316.88M	304.3M	316.65M	424.08M	455.92M
Fixed Asset Turnover	0.74x	0.83x	0.93x	0.99x	0.98x	0.92x	0.84x	1.33x	1.00x	0.91x
Goodwill	91.97M	93.02M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M	64.33M
Intangible Assets	42.64M	38.7M	3.59M	2.21M	1.23M	464K	5.5M	5.92M	6.37M	6.37M
Long-Term Investments	5.7M	3.48M	30.39M	26.08M	37.84M	27.96M	109.81M	193.27M	258.77M	265.27M
Other Non-Current Assets	19.72M	16.38M	21.4M	4M	27.35M	11M	7.01M	30.47M	35.73M	38.24M
Total Assets+	1.01B	897.26M	791.91M	699.08M	777.09M	715.03M	957.07M	1.08B	1.26B	1.24B
Asset Turnover	0.38x	0.45x	0.43x	0.50x	0.44x	0.41x	0.27x	0.39x	0.34x	0.33x
Asset Growth %	-0.13%	-0.11%	-0.12%	-0.12%	0.11%	-0.08%	0.34%	0.13%	0.16%	-0.01%
Total Current Liabilities+	246.67M	89.22M	203.3M	80.26M	162.56M	79.84M	125.9M	148.15M	163.82M	154.72M
Accounts Payable	26.91M	23.64M	17.9M	19.02M	27.38M	17.31M	24.35M	44.44M	56.99M	33.3M
Days Payables Outstanding	31.31	27.41	20.91	26.23	38.18	27.11	34.08	44.75	53.44	36.58
Short-Term Debt	149.86M	5.94M	139.7M	5.41M	59.99M	3.59M	12.85M	93K	38K	40K
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.5M	35.99M	31.53M	33.52M	56.48M	37.62M	64.34M	80.51M	7.19M	105.56M
Current Ratio	1.34x	2.93x	1.50x	2.81x	1.81x	3.29x	3.26x	3.18x	2.87x	2.67x
Quick Ratio	1.22x	2.60x	1.33x	2.38x	1.62x	2.94x	3.01x	2.93x	2.59x	2.39x
Cash Conversion Cycle	130.33	98.74	109.15	110.93	159.55	123.8	169.46	86.87	90.54	123.19
Total Non-Current Liabilities+	430.18M	314.35M	138.95M	93.81M	71.49M	112.33M	75.75M	206.74M	361.99M	369.64M
Long-Term Debt	417.29M	306.43M	120.39M	78.78M	32.87M	82.09M	23.21M	145.47M	261.12M	265.33M
Capital Lease Obligations	0	0	0	3.78M	28.92M	26.25M	41.86M	51.05M	90.9M	90.81M
Deferred Tax Liabilities	0	0	0	-9.84M	0	-59K	0	0	0	0
Other Non-Current Liabilities	7.9M	7.92M	18.57M	11.26M	3.36M	4M	10.68M	10.22M	9.96M	13.5M
Total Liabilities	676.85M	403.57M	342.25M	174.07M	234.06M	192.18M	201.66M	354.89M	525.81M	524.36M
Total Debt+	572.41M	312.38M	260.09M	88.65M	121.78M	115.59M	82.31M	201.76M	360.51M	365.13M
Net Debt	528.69M	276.26M	224.01M	58.03M	72.56M	6.62M	-17.13M	75.81M	255.57M	275.62M
Debt / Equity	1.74x	0.63x	0.58x	0.17x	0.22x	0.22x	0.11x	0.28x	0.49x	0.51x
Debt / EBITDA	42.10x	7.50x	-	1.59x	2.04x	3.05x	-	68.00x	-	43.55x
Net Debt / EBITDA	38.89x	6.64x	-	1.04x	1.22x	0.17x	-	25.55x	-	32.87x
Interest Coverage	-0.44x	-0.60x	-7.57x	0.24x	1.31x	-1.34x	-21.46x	-8.20x	-3.33x	-1.13x
Total Equity+	328.94M	493.69M	449.66M	525.01M	543.03M	522.85M	755.41M	727.47M	733.65M	719.53M
Equity Growth %	-0.29%	0.5%	-0.09%	0.17%	0.03%	-0.04%	0.44%	-0.04%	0.01%	-0.02%
Book Value per Share	3.59	4.13	2.99	2.91	2.64	2.61	3.54	3.27	3.29	3.22
Total Shareholders' Equity	302.55M	468.87M	426.99M	508M	533.41M	513.51M	747.08M	719.99M	726.77M	713.27M
Common Stock	9K	15K	15K	20K	20K	20K	22K	22K	22K	22K
Retained Earnings	-591.68M	-603.84M	-683.57M	-688.65M	-668.23M	-678.1M	-771.24M	-829.98M	-929.47M	-1.01B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-20.97M	-17.68M	-887K	-2.14M	-1.57M	-209K	-1.62M	-3.72M	-2.12M	-4.3M
Minority Interest	26.39M	24.82M	22.67M	17.01M	9.62M	9.34M	8.34M	7.48M	6.88M	6.26M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-12.1M	46.06M	-5.43M	37.98M	12.28M	61.04M	41.3M	66.73M	43.78M	64.58M
Operating CF Margin %	-0.03%	0.11%	-0.02%	0.11%	0.04%	0.21%	0.16%	0.16%	0.1%	0.16%
Operating CF Growth %	0.84%	4.81%	-1.12%	8%	-0.68%	3.97%	-0.32%	0.62%	-0.34%	0.48%
Net Income	-135.46M	-13.72M	-81.39M	-9.18M	13.26M	-11.53M	-94.16M	-59.59M	-99.5M	-30.63M
Depreciation & Amortization	55.22M	59.26M	56.61M	51.85M	52.86M	47.68M	45.18M	54.67M	45.67M	44.74M
Stock-Based Compensation	10.78M	8.09M	8.12M	5.31M	3.88M	2.96M	98.64M	50.77M	83.94M	71.57M
Deferred Taxes	305K	-30M	10.51M	-6.27M	738K	120K	69K	173K	-515K	2.63M
Other Non-Cash Items	57.95M	1.53M	847K	-1.22M	-2.47M	-31K	7.3M	11.46M	22.85M	-6.9M
Working Capital Changes	-892K	20.9M	-128K	-2.5M	-55.99M	21.84M	-15.74M	9.24M	-8.68M	-16.82M
Change in Receivables	3.43M	30.17M	6.88M	-2.14M	-65.22M	42.05M	-24.26M	-1.07M	-7.71M	-8.18M
Change in Inventory	5.41M	-1.52M	963K	-1.06M	3.44M	108K	-5.7M	-9.32M	-11.39M	-57K
Change in Payables	-12.01M	-764K	-8.96M	679K	9.32M	-9.34M	6.62M	9.32M	14.77M	-18.78M
Cash from Investing+	-33.87M	1.07M	47.66M	54.37M	-1.5M	24.17M	-207.66M	-148.54M	-202.01M	-77.68M
Capital Expenditures	-51.41M	-23.64M	-36.31M	-25.26M	-27.09M	-13.27M	-28.91M	-53.5M	-121.28M	-65M
CapEx % of Revenue	0.13%	0.06%	0.11%	0.07%	0.08%	0.05%	0.11%	0.13%	0.29%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.7M	-4.61M	1.79M	1.05M	8.38M	10.54M	344K	3.05M	-68.77M	-57.22M
Cash from Financing+	407K	-55.62M	-43.16M	-95.21M	7.68M	-18.66M	152.83M	101.65M	139.12M	-1.94M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-883K	-2.28M	-9.49M	-1M	-123K	-1.02M	-2.37M	-9.6M	-10.23M	226K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-63.51M	22.42M	-41.73M	12.72M	-14.81M	47.77M	12.39M	13.23M	-77.5M	-418K
FCF Margin %	-0.17%	0.06%	-0.12%	0.04%	-0.04%	0.16%	0.05%	0.03%	-0.18%	-0%
FCF Growth %	0.61%	1.35%	-2.86%	1.3%	-2.16%	4.23%	-0.74%	0.07%	-6.86%	0.99%
FCF per Share	-0.69	0.19	-0.28	0.07	-0.07	0.24	0.06	0.06	-0.35	-0.00
FCF Conversion (FCF/Net Income)	0.09x	-3.79x	0.07x	-10.02x	0.60x	-6.19x	-0.44x	-1.14x	-0.44x	-0.78x
Interest Paid	37.66M	29.77M	17.05M	16.75M	6.79M	5.62M	3.91M	1.87M	16.36M	27.4M
Taxes Paid	890K	1.01M	344K	257K	36K	8K	15K	68K	77K	60K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-33.81%	-2.95%	-16.8%	-0.78%	3.82%	-1.85%	-14.57%	-7.92%	-13.62%	-11.43%
Return on Invested Capital (ROIC)	-3.47%	-1.63%	-13.97%	0.46%	1.24%	-1.29%	-11.25%	-5.03%	-6.39%	-2.75%
Gross Margin	18.37%	21.82%	8.54%	23.57%	23.93%	20.1%	-2.01%	13.74%	8.44%	20.1%
Net Margin	-34.93%	-3.02%	-23.2%	-1.09%	5.94%	-3.38%	-36.44%	-13.98%	-23.4%	-19.98%
Debt / Equity	1.74x	0.63x	0.58x	0.17x	0.22x	0.22x	0.11x	0.28x	0.49x	0.51x
Interest Coverage	-0.44x	-0.60x	-7.57x	0.24x	1.31x	-1.34x	-21.46x	-8.20x	-3.33x	-1.13x
FCF Conversion	0.09x	-3.79x	0.07x	-10.02x	0.60x	-6.19x	-0.44x	-1.14x	-0.44x	-0.78x
Revenue Growth	-10.4%	4.77%	-15.16%	1.41%	-0.68%	-15.21%	-12.37%	64.35%	1.19%	-2.19%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	-	-	-	-	-	-	356.71M
Product Growth	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	-	-	-	-	-	59.16M
Service Growth	-	-	-	-	-	-	-	-	-	-
Station construction sales	-	-	-	-	-	-	16.41M	22.35M	26.43M	25.19M
Station construction sales Growth	-	-	-	-	-	-	-	36.21%	18.26%	-4.67%
Federal Alternative Fuels Tax Credit	-	-	-	26.73M	47.12M	19.83M	-	-	-	23.82M
Federal Alternative Fuels Tax Credit Growth	-	-	-	-	76.30%	-57.92%	-	-	-	-
LCFS Credits	-	-	-	-	-	-	-	12.63M	9.88M	9.95M
LCFS Credits Growth	-	-	-	-	-	-	-	-	-21.76%	0.70%
Other services	-	-	-	-	-	-	-	1.27M	2.67M	2.27M
Other services Growth	-	-	-	-	-	-	-	-	110.96%	-15.14%
Product revenue	-	-	-	-	-	-	-	373M	369.82M	-
Product revenue Growth	-	-	-	-	-	-	-	-	-0.85%	-
Service revenue	-	-	-	-	-	-	-	47.17M	55.34M	-
Service revenue Growth	-	-	-	-	-	-	-	-	17.31%	-
AFTC	-	-	-	-	-	-	20.7M	21.76M	20.85M	-
AFTC Growth	-	-	-	-	-	-	-	5.12%	-4.16%	-
Volume -Related	-	-	-	-	-	-	218.54M	-	-	-
Volume -Related Growth	-	-	-	-	-	-	-	-	-	-
Volume Related Revenue	260.6M	283.81M	264.88M	286.68M	273.54M	245.3M	-	-	-	-
Volume Related Revenue Growth	-	8.91%	-6.67%	8.23%	-4.59%	-10.32%	-	-	-	-
Station Construction Sales	-	-	-	25.5M	23.12M	26.59M	-	-	-	-
Station Construction Sales Growth	-	-	-	-	-9.34%	15.02%	-	-	-	-
Other Revenue Source	-	-	-	7.5M	287K	-	-	-	-	-
Other Revenue Source Growth	-	-	-	-	-96.18%	-	-	-	-	-
Compressor Sales	-	-	-	-	-	-	-	-	-	-
Compressor Sales Growth	-	-	-	-	-	-	-	-	-	-
Station Construction Project Sales	37.83M	64.94M	51.85M	-	-	-	-	-	-	-
Station Construction Project Sales Growth	-	71.67%	-20.15%	-	-	-	-	-	-	-
Compression Business (IMW)	54.5M	27.26M	23.53M	-	-	-	-	-	-	-
Compression Business (IMW) Growth	-	-49.98%	-13.70%	-	-	-	-	-	-	-
Other Products and Services	378K	-	1.34M	-	-	-	-	-	-	-
Other Products and Services Growth	-	-	-	-	-	-	-	-	-	-
VETC	30.99M	26.64M	-	-	-	-	-	-	-	-
VETC Growth	-	-14.03%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	330M	378.5M	316.76M	337.53M	-	-	-	-	-	410.15M
UNITED STATES Growth	-	14.70%	-16.31%	6.56%	-	-	-	-	-	-
CANADA	21.82M	11.5M	6.85M	8.89M	-	-	-	-	-	5.71M
CANADA Growth	-	-47.28%	-40.48%	29.83%	-	-	-	-	-	-
United States	-	-	-	-	-	-	252.31M	416.98M	418.75M	-
United States Growth	-	-	-	-	-	-	-	65.26%	0.43%	-
Canada	-	-	-	-	-	-	3.34M	3.19M	6.41M	-
Canada Growth	-	-	-	-	-	-	-	-4.41%	100.85%	-
U	-	-	-	-	338.55M	281.55M	-	-	-	-
U Growth	-	-	-	-	-	-16.84%	-	-	-	-
C	-	-	-	-	5.52M	10.18M	-	-	-	-
C Growth	-	-	-	-	-	84.52%	-	-	-	-
Geographical Other	32.5M	12.66M	18M	-	-	-	-	-	-	-
Geographical Other Growth	-	-61.05%	42.19%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Clean Energy Fuels Corp. (CLNE) reported $422.2M in revenue for fiscal year 2024. This represents a 44% increase from $292.7M in 2011.

Clean Energy Fuels Corp. (CLNE) saw revenue decline by 2.2% over the past year.

Clean Energy Fuels Corp. (CLNE) reported a net loss of $209.2M for fiscal year 2024.

Dividend & Returns

Clean Energy Fuels Corp. (CLNE) has a return on equity (ROE) of -11.4%. Negative ROE indicates the company is unprofitable.

Clean Energy Fuels Corp. (CLNE) generated $35.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.