Clean Energy Fuels Corp. (CLNE) Financial Ratios
22 years of historical data (2004–2025) · Energy · Oil & Gas Refining & Marketing
EV/EBITDA
↓
N/A
—
5yr avg: 257.55
30Y Low6.6·High99.7
P/FCF
↓
N/A
—
5yr avg: 96.43
30Y Low15.2·High105.4
P/B Ratio
↓
0.87
↓-28% vs avg
5yr avg: 1.22
30Y Low0.6·High3.0
ROE
↓
-34.6%
↑-110% vs avg
5yr avg: -16.4%
30Y Low-72%·High22%
Debt/EBITDA
↓
N/A
—
5yr avg: 55.78
30Y Low0.2·High43.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CLNE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Clean Energy Fuels Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $491M | $463M | $561M | $854M | $1.2B | $1.3B | $1.6B | $482M | $311M | $305M | $341M |
| Enterprise Value | $432M | $405M | $836M | $1.1B | $1.2B | $1.3B | $1.6B | $555M | $369M | $529M | $618M |
| P/E Ratio → | -2.22 | — | — | — | — | — | — | 23.40 | — | — | — |
| P/S Ratio | 1.16 | 1.09 | 1.35 | 2.01 | 2.75 | 5.11 | 5.41 | 1.40 | 0.90 | 0.89 | 0.85 |
| P/B Ratio | 0.87 | 0.82 | 0.78 | 1.16 | 1.59 | 1.73 | 3.02 | 0.89 | 0.59 | 0.68 | 0.69 |
| P/FCF | — | — | — | — | 87.44 | 105.42 | 33.02 | — | 24.43 | — | 15.23 |
| P/OCF | — | — | 8.68 | 19.50 | 17.33 | 31.63 | 25.84 | 39.25 | 8.18 | — | 7.41 |
P/E links to full P/E history page with 30-year chart
CLNE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.95 | 2.01 | 2.61 | 2.93 | 5.04 | 5.43 | 1.61 | 1.06 | 1.55 | 1.53 |
| EV / EBITDA | — | — | 99.74 | — | 415.36 | — | 41.86 | 9.31 | 6.62 | — | 14.84 |
| EV / EBIT | — | — | — | — | — | — | — | 25.57 | 52.07 | — | 35.89 |
| EV / FCF | — | — | — | — | 93.17 | 104.03 | 33.16 | — | 28.99 | — | 27.55 |
CLNE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Operating margins have expanded from -18.0% to -8.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -34.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 20.1% | 8.4% | 13.7% | -2.0% | 20.1% | 23.9% | 23.6% | 8.5% | 21.8% |
| Operating Margin | — | — | -8.7% | -18.0% | -12.3% | -37.2% | -3.4% | 2.9% | 1.1% | -39.4% | -4.4% |
| Net Profit Margin | -52.3% | -52.3% | -20.0% | -23.4% | -14.0% | -36.4% | -3.4% | 5.9% | -1.1% | -23.2% | -3.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -34.6% | -34.6% | -11.4% | -13.6% | -7.9% | -14.6% | -1.9% | 3.8% | -0.8% | -16.8% | -3.0% |
| ROA | -19.3% | -19.3% | -6.6% | -8.5% | -5.8% | -11.1% | -1.3% | 2.8% | -0.5% | -9.4% | -1.3% |
| ROIC | — | — | -2.7% | -6.4% | -5.0% | -11.2% | -1.3% | 1.2% | 0.5% | -14.0% | -1.6% |
| ROCE | — | — | -3.3% | -7.5% | -5.9% | -13.0% | -1.6% | 1.6% | 0.6% | -19.3% | -2.3% |
CLNE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $158M exceeds total debt of $99M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.51 | 0.49 | 0.28 | 0.11 | 0.22 | 0.22 | 0.17 | 0.58 | 0.63 |
| Debt / EBITDA | — | — | 43.55 | — | 68.00 | — | 3.05 | 2.04 | 1.59 | — | 7.50 |
| Net Debt / Equity | — | -0.10 | 0.38 | 0.35 | 0.10 | -0.02 | 0.01 | 0.13 | 0.11 | 0.50 | 0.56 |
| Net Debt / EBITDA | — | — | 32.87 | — | 25.55 | — | 0.17 | 1.22 | 1.04 | — | 6.64 |
| Debt / FCF | — | — | — | — | 5.73 | -1.38 | 0.14 | — | 4.56 | — | 12.32 |
| Interest Coverage | — | — | -1.13 | -3.33 | -8.20 | -21.46 | -1.34 | 1.31 | 0.24 | -7.57 | -0.60 |
Net cash position: cash ($158M) exceeds total debt ($99M)
CLNE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Clean Energy Fuels Corp.'s current ratio of 2.32x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.87x to 2.32x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.32 | 2.32 | 2.67 | 2.87 | 3.18 | 3.26 | 3.29 | 1.81 | 2.81 | 1.50 | 2.93 |
| Quick Ratio | 2.03 | 2.03 | 2.39 | 2.59 | 2.93 | 3.01 | 2.94 | 1.62 | 2.38 | 1.33 | 2.60 |
| Cash Ratio | 1.05 | 1.05 | 1.41 | 1.61 | 1.79 | 1.82 | 1.73 | 0.65 | 1.20 | 0.87 | 1.23 |
| Asset Turnover | — | 0.40 | 0.33 | 0.34 | 0.39 | 0.27 | 0.41 | 0.44 | 0.50 | 0.43 | 0.45 |
| Inventory Turnover | — | — | 7.65 | 8.59 | 9.76 | 8.33 | 8.30 | 8.76 | 7.57 | 8.87 | 10.66 |
| Days Sales Outstanding | — | 91.92 | 112.06 | 101.47 | 94.22 | 159.74 | 106.90 | 156.06 | 88.94 | 88.90 | 91.89 |
CLNE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Clean Energy Fuels Corp. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 4.3% | — | — | — |
| FCF Yield | — | — | — | — | 1.1% | 0.9% | 3.0% | — | 4.1% | — | 6.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $221M | $223M | $223M | $222M | $213M | $201M | $206M | $181M | $150M | $119M |
Peer Comparison
Compare CLNE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CLNEYou | $491M | -2.2 | — | — | — | — | -34.6% | — | — |
 UGI | $8B | 11.3 | 9.1 | 19.3 | 42.1% | 14.5% | 14.8% | 6.8% | 4.7 |
 AMTX | $221M | -2.5 | — | — | -0.4% | -17.9% | — | -70.3% | — |
 OPAL | $52M | 15.2 | 14.0 | — | 24.0% | 1.4% | 0.9% | 0.5% | 13.0 |
 HTOO | $62M | -3.8 | — | — | 27.2% | -1070.5% | -205.3% | -96.5% | — |
 REX | $2B | 29.1 | 16.3 | — | 14.2% | 10.0% | 9.4% | 11.4% | 0.2 |
 GPRE | $1B | -9.4 | 103.0 | 16.1 | 1.8% | -4.0% | -14.7% | -5.3% | 35.8 |
 BIOA | $664M | -8.2 | — | — | 100.0% | -1031.5% | -27.1% | -210.2% | — |
 GEVO | $497M | -14.6 | 97.6 | — | — | -12.6% | 0.3% | -3.6% | 0.5 |
 ALTO | $414M | -6.8 | — | — | 1.0% | -5.4% | -23.4% | -11.8% | — |
 WM | $89B | 32.9 | 14.9 | 31.6 | 29.1% | 18.3% | 29.7% | 10.7% | 3.1 |
| Energy Median | — | 16.8 | 7.9 | 13.3 | 33.2% | 14.4% | 8.5% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonCLNE — Frequently Asked Questions
Quick answers to the most common questions about buying CLNE stock.
What is Clean Energy Fuels Corp.'s P/E ratio?
Clean Energy Fuels Corp.'s current P/E ratio is -2.2x. The historical average is 23.4x.
What is Clean Energy Fuels Corp.'s ROE?
Clean Energy Fuels Corp.'s return on equity (ROE) is -34.6%. The historical average is -12.5%.
Is CLNE stock overvalued?
Based on historical data, Clean Energy Fuels Corp. is trading at a P/E of -2.2x. Compare with industry peers and growth rates for a complete picture.