NextDecade Corporation (NEXT) Financial Ratios
12 years of historical data (2014–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.84
↓-42% vs avg
5yr avg: 1.46
30Y Low0.4·High8.1
ROE
↓
-15.1%
↓+18% vs avg
5yr avg: -18.4%
30Y Low-33%·High-0%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NEXT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NextDecade Corporation 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 | $2.0B | $1.4B | $2.0B | $928M | $643M | $340M | $246M | $670M | $575M | $840M | $46M |
| Enterprise Value | $10.5B | $9.9B | $5.9B | $2.9B | $582M | $315M | $223M | $655M | $572M | $804M | $46M |
| P/E Ratio → | -6.33 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.84 | 0.60 | 1.14 | 1.25 | 2.50 | 1.80 | 1.42 | 3.57 | 3.85 | 8.15 | 0.40 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
NEXT 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 | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 16.20 | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
NEXT Profitability
Margins and return-on-capital ratios measuring operating efficiency
A negative ROE of -15.1% 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 | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — | — |
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 | -15.1% | -15.1% | -5.0% | -32.5% | -27.0% | -12.2% | -8.0% | -21.3% | -33.2% | -32.7% | -0.4% |
| ROA | -3.3% | -3.3% | -1.3% | -8.9% | -22.5% | -10.4% | -6.8% | -18.4% | -29.4% | -30.2% | -0.4% |
| ROIC | -2.1% | -2.1% | -3.1% | -6.4% | -22.8% | -9.3% | -10.2% | -16.5% | -30.2% | -29.6% | -0.5% |
| ROCE | -2.7% | -2.7% | -4.0% | -8.0% | -21.7% | -9.5% | -11.1% | -19.6% | -32.5% | -31.7% | -0.6% |
NEXT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $8.5B ($8.7B total debt minus $144M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.76 | 3.76 | 2.33 | 2.65 | 0.01 | 0.00 | 0.00 | 0.00 | — | — | 0.00 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 3.70 | 2.25 | 2.60 | -0.24 | -0.13 | -0.13 | -0.08 | -0.02 | -0.35 | 0.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -1.33 | -1.33 | 4.17 | -2.02 | -10.45 | — | — | — | — | — | — |
NEXT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.54x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.54 | 0.54 | 0.69 | 0.57 | 2.52 | 3.21 | 4.53 | 3.66 | 6.36 | 5.10 | 0.34 |
| Quick Ratio | 0.54 | 0.54 | 0.69 | 0.57 | 2.52 | 3.21 | 4.53 | 3.66 | 6.36 | 5.10 | 0.34 |
| Cash Ratio | 0.11 | 0.11 | 0.25 | 0.07 | 2.48 | 3.11 | 4.40 | 3.62 | 6.25 | 4.85 | 0.18 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NEXT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NextDecade Corporation returns 0.9% to shareholders annually primarily through share buybacks.
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 | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.9% | 1.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.9% | 1.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $262M | $259M | $195M | $130M | $119M | $118M | $109M | $107M | $101M | $4M |
Peer Comparison
Compare NEXT 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 |
|---|---|---|---|---|---|---|---|---|---|
 NEXTYou | $2B | -6.3 | — | — | — | — | -15.1% | -2.1% | — |
 NFE | $117M | -0.1 | 116.1 | — | 9.1% | -11.3% | -159.7% | -1.3% | 119.5 |
 GLNG | $5B | 78.1 | 36.5 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 CLNE | $394M | -1.8 | 70.8 | 6.6 | 4.2% | -22.0% | -34.6% | -9.4% | 20.9 |
 LNG | $48B | 9.6 | 10.4 | 19.7 | 29.0% | 27.0% | 46.1% | 10.9% | 3.9 |
 CQP | $29B | 9.7 | 10.2 | 11.2 | 34.3% | 33.3% | 721.5% | 18.4% | 3.4 |
 ET | $65B | 14.0 | 9.2 | 16.9 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 KMI | $72B | 23.5 | 14.3 | 22.3 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 DKNG | $13B | -3166.7 | 50.2 | 19.6 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 SRE | $60B | 33.3 | 16.5 | — | 29.1% | 23.7% | 4.6% | 3.2% | 6.2 |
 HAL | $29B | 23.4 | 10.4 | 17.6 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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NEXT — Frequently Asked Questions
Quick answers to the most common questions about buying NEXT stock.
What is NextDecade Corporation's P/E ratio?
NextDecade Corporation's current P/E ratio is -6.3x. This places it at the 50th percentile of its historical range.
What is NextDecade Corporation's ROE?
NextDecade Corporation's return on equity (ROE) is -15.1%. The historical average is -17.1%.
Is NEXT stock overvalued?
Based on historical data, NextDecade Corporation is trading at a P/E of -6.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.