Clean Energy Fuels (CLNE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CLNE SEC filings page.
Clean Energy Fuels Corp. (CLNE) reported $442.4M in revenue over the twelve months to Jun 30, 2026, up 5.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is flat, but FY2025 losses widened as heavier noncash charges and a smaller asset base reshaped cash generation.
FY2025 paired a net loss of$222M with operating cash flow of$85.5M , indicating cash results were helped by noncash charges and working-capital effects rather than profitable operations. Free cash flow reached$59.9M because capital spending fell to$25.7M , so cash generation was shaped by reduced reinvestment.
Revenue stayed near
Liabilities fell to
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Clean Energy Fuels Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Clean Energy Fuels Corp. has an operating margin of -37.6%, meaning the company loses $38 on every $100 of revenue. This results in a profitability score of 21/100. This is down from -8.7% the prior year.
Clean Energy Fuels Corp.'s revenue grew a modest 2.2% year-over-year to $424.8M. This slow but positive growth earns a score of 46/100.
Clean Energy Fuels Corp. carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.32, Clean Energy Fuels Corp. holds $2.32 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.
Clean Energy Fuels Corp. has a free cash flow margin of 14.1%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Clean Energy Fuels Corp. posts a -39.7% return on equity (ROE), meaning it loses $40 for every $100 of shareholders' equity. This results in a returns score of 21/100. This is down from -11.7% the prior year.
Clean Energy Fuels Corp. scores -1.12, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $1.2B against total assets of $1.1B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Clean Energy Fuels Corp. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Clean Energy Fuels Corp. reported a net loss of $222.0M while generating $85.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Clean Energy Fuels Corp. reported an operating loss of $159.9M against $52.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Clean Energy Fuels Corp. generated $106.4M in revenue in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is down 9.5%.
Clean Energy Fuels Corp.'s EBITDA was $5.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 660.8% from the same quarter a year earlier. Against the prior quarter it is down 31.5%.
Clean Energy Fuels Corp. reported a net loss of $14.9M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Clean Energy Fuels Corp. earned -$0.07 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Clean Energy Fuels Corp. generated $25.1M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 18.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Clean Energy Fuels Corp. held $57.0M in cash against $229.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Clean Energy Fuels Corp.'s operating margin was -4.8% in Q2 2026, reflecting core business profitability. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Clean Energy Fuels Corp.'s net profit margin was -14.0% in Q2 2026, showing the share of revenue converted to profit. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.
Clean Energy Fuels Corp.'s quarterly ROE was -2.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
Not reported for Q2 2026.
Capital Allocation
Clean Energy Fuels Corp. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Clean Energy Fuels Corp. invested $3.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 26.5% from the same quarter a year earlier. Against the prior quarter it is down 47.2%.
Not reported for Q2 2026.
CLNE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.4M+3.7% | $117.6M+13.3% | $112.3M+2.7% | $106.1M+1.2% | $102.6M+4.8% | $103.8M+0.1% | $109.3M+2.3% | $104.9M+9.7% |
| SG&A Expenses | $24.6M-10.4% | $24.5M-10.6% | $30.7M+8.0% | $26.3M-9.0% | $27.5M-3.1% | $27.5M+4.7% | $28.4M+13.8% | $28.9M-0.9% |
| Operating Income | -$5.1Mn/m | -$2.9Mn/m | -$10.7Mn/m | -$13.6Mn/m | -$9.2Mn/m | -$126.3Mn/m | -$12.9Mn/m | -$8.5Mn/m |
| EBITDA | $5.6M+660.8% | $8.1Mn/m | $997Kn/m | $1.0M-62.9% | $730K-87.1% | -$64.0M-3522.3% | -$2.0M-147.8% | $2.8Mn/m |
| Interest Expense | $5.5M-28.8% | $5.7M-24.3% | $29.6M+264.2% | $7.8M-6.9% | $7.7M-2.3% | $7.5M-3.0% | $8.1M | $8.4M+114.7% |
| Income Tax | $128K+77.8% | $18Kn/m | -$35K-101.7% | $75K+50.0% | $72K-90.5% | -$2.9Mn/m | $2.1Mn/m | $50Kn/m |
| Net Income | -$14.9Mn/m | -$12.4Mn/m | -$43.0Mn/m | -$23.8Mn/m | -$20.2Mn/m | -$135.0Mn/m | -$30.2Mn/m | -$18.2Mn/m |
| EPS (Basic) | -$0.07n/m | -$0.06n/m | -$0.20n/m | -$0.11n/m | -$0.09n/m | -$0.60n/m | -$0.13n/m | -$0.08n/m |
| EPS (Diluted) | -$0.07n/m | -$0.06n/m | -$0.20n/m | -$0.11n/m | -$0.09n/m | -$0.60n/m | -$0.13n/m | -$0.08n/m |
| Diluted Shares (Avg) | 220M-0.1% | 220M-1.8% | N/A | 219M-1.9% | 220M-1.3% | 224M+0.2% | N/A | 223M+0.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
CLNE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-8.1% | $1.0B-7.1% | $1.1B-15.0% | $1.1B-9.6% | $1.1B-10.5% | $1.1B-9.7% | $1.2B-1.2% | $1.2B+16.9% |
| Current Assets | $324.1M-20.5% | $332.3M-18.7% | $350.3M-15.3% | $409.1M-7.5% | $407.9M-9.5% | $408.7M-9.0% | $413.8M-12.0% | $442.4M+12.6% |
| Cash & Equivalents | $57.0M-56.9% | $55.5M-53.2% | $155.6M+73.8% | $180.8M+54.6% | $132.1M+7.3% | $118.6M+32.6% | $89.5M-14.7% | $117.0M+366.3% |
| Short-Term Investments | $81.0M-25.5% | $70.8M-34.5% | $552K-99.6% | $51.3M-59.5% | $108.7M-13.9% | $108.1M-32.2% | $128.0M-19.1% | $126.6M-15.2% |
| Inventory | $43.3M-4.6% | $42.7M-6.6% | $43.9M+1.1% | $44.4M-3.1% | $45.4M-8.2% | $45.7M-6.7% | $43.4M-4.2% | $45.8M+13.2% |
| Accounts Receivable | $91.8M+10.8% | $110.6M+20.9% | $100.8M-6.4% | $96.2M+3.3% | $82.9M-10.0% | $91.4M+6.9% | $107.7M+9.4% | $93.0M+6.3% |
| Long-Term Investments | $0n/m | $0n/m | $0 | $0n/m | $0n/m | $0 | N/A | $0 |
| Goodwill | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $64.3M0.0% | $64.3M0.0% |
| Total Liabilities | $467.1M-10.0% | $473.2M-7.9% | $491.6M-6.2% | $534.1M+4.0% | $519.0M+0.4% | $513.7M+1.4% | $524.4M-0.3% | $513.3M+37.5% |
| Current Liabilities | $130.7M-9.4% | $135.0M-6.9% | $151.2M-2.3% | $152.3M+5.4% | $144.3M+1.3% | $145.0M+1.3% | $154.7M-5.6% | $144.5M-0.9% |
| Non-Current Liabilities | $336.4M-10.2% | $338.1M-8.3% | $340.5M-7.9% | $381.7M+3.5% | $374.7M+0.1% | $368.7M+1.4% | $369.6M+2.1% | $368.8M+62.1% |
| Long-Term Debt | $229.0M-17.6% | $227.9M-16.1% | $226.7M-14.5% | $284.2M+7.7% | $277.9M+5.7% | $271.6M+3.7% | $265.3M+1.6% | $264.0M+82.2% |
| Total Equity | $553.3M-6.3% | $558.1M-6.5% | $559.4M-21.6% | $585.2M-19.3% | $590.8M-18.3% | $596.7M-17.5% | $713.3M-1.9% | $724.8M+5.9% |
| Retained Earnings | -$1.3Bn/m | -$1.2Bn/m | -$1.2Bn/m | -$1.2Bn/m | -$1.2Bn/m | -$1.1Bn/m | -$1.0Bn/m | -$982.4Mn/m |
CLNE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.8M-19.8% | -$8.4M-135.7% | $13.1M-40.0% | $13.1M-38.7% | $35.9M+91.3% | $23.4M+804.6% | $21.9M-49.1% | $21.4M+175.8% |
| Depreciation & Amortization | $10.7M+7.2% | $11.0M-82.3% | $11.7M+6.9% | $14.7M+29.4% | $10.0M-11.6% | $62.3M+456.9% | $10.9M+2.1% | $11.3M-15.2% |
| Stock-Based Compensation | N/A | $2.0M+14.2% | N/A | N/A | N/A | $1.8M-32.4% | N/A | N/A |
| Capital Expenditures | $3.6M-26.5% | $6.9M-8.0% | $6.6M-42.7% | $6.6M-68.9% | $5.0M-64.4% | $7.5M-58.9% | $11.5M-65.7% | $21.3M-13.1% |
| Free Cash Flow | $25.1M-18.7% | -$15.3M-195.7% | $6.5M-37.1% | $6.5M+15300.0% | $30.9M+541.2% | $15.9Mn/m | $10.3M+10.4% | $42Kn/m |
| Investing Cash Flow | -$26.5Mn/m | -$89.6M-1311.4% | $33.1Mn/m | $36.7Mn/m | -$14.0M-188.2% | $7.4Mn/m | -$47.1Mn/m | -$26.6Mn/m |
| Financing Cash Flow | -$712Kn/m | -$1.9Mn/m | -$71.1Mn/m | -$767Kn/m | -$8.3Mn/m | -$1.9M-205.0% | -$1.9M-101.3% | -$953Kn/m |
| Share Buybacks | $0-100.0% | $0-100.0% | $0n/m | $0n/m | $7.5Mn/m | $391Kn/m | $0n/m | $0n/m |
Not reported in any period shown, so not listed: Dividends Paid.
CLNE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -4.8%+4.2pp | -2.5% | -9.5%+2.3pp | -12.8%-4.7pp | -9.0%-3.3pp | -121.7% | -11.8%-5.7pp | -8.1%+14.2pp |
| Net Margin | -14.0%+5.8pp | -10.6% | -38.3%-10.7pp | -22.4%-5.1pp | -19.7%-3.1pp | -130.1% | -27.6%-10.1pp | -17.3%+9.7pp |
| Return on Equity | -2.7%+0.7pp | -2.2%+20.4pp | -7.7%-3.5pp | -4.1%-1.6pp | -3.4%-1.2pp | -22.6%-20.1pp | -4.2%-1.7pp | -2.5%+1.3pp |
| Return on Assets | -1.5%+0.4pp | -1.2%+10.9pp | -4.1%-1.7pp | -2.1%-0.7pp | -1.8%-0.5pp | -12.1%-10.6pp | -2.4%-0.9pp | -1.5%+1.0pp |
| Current Ratio | 2.48-0.3x | 2.46-0.4x | 2.32-0.4x | 2.69-0.4x | 2.83-0.3x | 2.82-0.3x | 2.67-0.2x | 3.06+0.4x |
| Debt-to-Equity | 0.41-0.1x | 0.410.0x | 0.410.0x | 0.49+0.1x | 0.47+0.1x | 0.46+0.1x | 0.370.0x | 0.36+0.2x |
| Liabilities-to-Equity | 0.840.0x | 0.850.0x | 0.88+0.1x | 0.91+0.2x | 0.88+0.2x | 0.86+0.2x | 0.740.0x | 0.71+0.2x |
| Asset Turnover | 0.100.0x | 0.110.0x | 0.110.0x | 0.090.0x | 0.090.0x | 0.090.0x | 0.090.0x | 0.080.0x |
| FCF Margin | 23.6%-6.5pp | -13.0%-28.3pp | 5.8%-3.7pp | 6.1%+6.1pp | 30.2%+25.2pp | 15.4%+30.4pp | 9.4%+0.7pp | 0.0%+17.6pp |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Clean Energy Fuels Corp. CLNE | FY2025 | $424.8M | -$222.0M | -52.3% | $317.4M | 47/100 |
| Star Group, L.P. Common Units SGU | FY2025 | $1.8B | $73.5M | 4.1% | $424.6M | 43/100 |
| CrossAmerica Partners LP Common units CAPL | FY2025 | $3.7B | N/A | N/A | $859.3M | 32/100 |
| World Kinect Corporation WKC | FY2025 | $36.9B | -$614.4M | -1.7% | $1.9B | 26/100 |
| CVR ENERGY, INC. CVI | FY2025 | $7.2B | $27.0M | 0.4% | $5.9B | 38/100 |
Where Clean Energy Fuels Corp. Ranks
Frequently Asked Questions
Clean Energy Fuels Corp. (CLNE) reported $424.8M in total revenue for fiscal year 2025. This represents a 2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Clean Energy Fuels Corp. (CLNE) revenue grew by 2.2% year-over-year, from $415.9M to $424.8M in fiscal year 2025.
No, Clean Energy Fuels Corp. (CLNE) reported a net loss of $94.1M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $222.0M, with a net profit margin of -52.3%.
Clean Energy Fuels Corp. (CLNE) had EBITDA of -$61.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Clean Energy Fuels Corp. (CLNE) had $155.6M in cash and equivalents against $226.7M in long-term debt.
Clean Energy Fuels Corp. (CLNE) had an operating margin of -37.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Clean Energy Fuels Corp. (CLNE) had a net profit margin of -52.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Clean Energy Fuels Corp. (CLNE) has a return on equity of -39.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Clean Energy Fuels Corp. (CLNE) generated $59.9M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Clean Energy Fuels Corp. (CLNE) generated $85.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Clean Energy Fuels Corp. (CLNE) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
Clean Energy Fuels Corp. (CLNE) invested $25.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Clean Energy Fuels Corp. (CLNE) had a current ratio of 2.32 as of fiscal year 2025, which is generally considered healthy.
Clean Energy Fuels Corp. (CLNE) had a debt-to-equity ratio of 0.41 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Clean Energy Fuels Corp. (CLNE) had a liabilities-to-equity ratio of 0.88 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Clean Energy Fuels Corp. (CLNE) had a return on assets of -21.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Clean Energy Fuels Corp. (CLNE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $317.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Clean Energy Fuels Corp. (CLNE) trades at 0.7x sales, its market capitalization divided by $442.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $317.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Clean Energy Fuels Corp. (CLNE) has an Altman Z-Score of -1.12, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Clean Energy Fuels Corp. (CLNE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Clean Energy Fuels Corp. (CLNE) reported a net loss of $222.0M while generating $85.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Clean Energy Fuels Corp. (CLNE) reported an operating loss of $159.9M against $52.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Clean Energy Fuels Corp. (CLNE) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.