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Clean Energy Fuels Corp.

CLNE Clue Score50
United States Fiscal year ends December CIK 0001368265
$1.47 -3.29% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.47 −83.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue402.7Operating income−17.6Net income−13.7Fiscal year 2017Revenue341.6 −15.2%Operating income−134.4Net income−79.2EPS, diluted−0.53Fiscal year 2018Revenue346.4 +1.4%Operating income3.9Net income−3.8EPS, diluted−0.02Fiscal year 2019Revenue344.1 −0.7%Operating income9.9Net income20.4EPS, diluted0.10Fiscal year 2020Revenue291.7 −15.2%Operating income−9.8Net income−9.9 −148.3%EPS, diluted−0.05 −150.0%Fiscal year 2021Revenue255.6 −12.4%Operating income−95.0Net income−93.1EPS, diluted−0.44Fiscal year 2022Revenue420.2 +64.4%Operating income−51.7Net income−58.7EPS, diluted−0.26Fiscal year 2023Revenue425.2 +1.2%Operating income−76.4Net income−99.5EPS, diluted−0.45Fiscal year 2024Revenue415.9 −2.2%Operating income−36.4Net income−83.1EPS, diluted−0.37Fiscal year 2025Revenue424.8 +2.2%Operating income−159.9Net income−222.0EPS, diluted−1.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 402.7 341.6 346.4 344.1 291.7 255.6 420.2 425.2 415.9 424.8
Growth −15.2% +1.4% −0.7% −15.2% −12.4% +64.4% +1.2% −2.2% +2.2%
Operating income −17.6 −134.4 3.9 9.9 −9.8 −95.0 −51.7 −76.4 −36.4 −159.9
Net income −13.7 −79.2 −3.8 20.4 −9.9 −93.1 −58.7 −99.5 −83.1 −222.0
Growth −148.3%
EPS, diluted n/a −0.53 −0.02 0.10 −0.05 −0.44 −0.26 −0.45 −0.37 −1.01
Growth −150.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−4.4%Net margin−3.4%Free cash flow margin5.6%Fiscal year 2017Operating margin−39.4%Net margin−23.2%Free cash flow margin−11.9%Fiscal year 2018Operating margin1.1%Net margin−1.1%Free cash flow margin3.7%Fiscal year 2019Operating margin2.9%Net margin5.9%Free cash flow margin−4.3%Fiscal year 2020Operating margin−3.4%Net margin−3.4%Free cash flow margin16.4%Fiscal year 2021Operating margin−37.2%Net margin−36.4%Free cash flow margin7.1%Fiscal year 2022Operating margin−12.3%Net margin−14.0%Free cash flow margin5.3%Fiscal year 2023Operating margin−18.0%Net margin−23.4%Free cash flow margin−13.4%Fiscal year 2024Operating margin−8.7%Net margin−20.0%Free cash flow margin−0.1%Fiscal year 2025Operating margin−37.6%Net margin−52.3%Free cash flow margin14.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −4.4% −39.4% 1.1% 2.9% −3.4% −37.2% −12.3% −18.0% −8.7% −37.6%
Net margin −3.4% −23.2% −1.1% 5.9% −3.4% −36.4% −14.0% −23.4% −20.0% −52.3%
Free cash flow margin 5.6% −11.9% 3.7% −4.3% 16.4% 7.1% 5.3% −13.4% −0.1% 14.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow46.3Capital expenditure−23.6Free cash flow22.6Fiscal year 2017Operating cash flow−4.3Capital expenditure−36.3Free cash flow−40.6 −279.4%Fiscal year 2018Operating cash flow38.0Capital expenditure−25.3Free cash flow12.7Fiscal year 2019Operating cash flow12.3Capital expenditure−27.1Free cash flow−14.8 −216.4%Fiscal year 2020Operating cash flow61.0Capital expenditure−13.3Free cash flow47.8Buybacks−14.6Fiscal year 2021Operating cash flow41.3Capital expenditure−23.1Free cash flow18.2 −61.9%Buybacks−2.9Fiscal year 2022Operating cash flow66.7Capital expenditure−44.5Free cash flow22.2 +21.9%Buybacks−6.1Fiscal year 2023Operating cash flow43.8Capital expenditure−100.9Free cash flow−57.2 −357.3%Buybacks0.0Fiscal year 2024Operating cash flow64.6Capital expenditure−65.0Free cash flow−0.4Buybacks0.0Fiscal year 2025Operating cash flow85.5Capital expenditure−25.7Free cash flow59.9Buybacks−7.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 46.3 −4.3 38.0 12.3 61.0 41.3 66.7 43.8 64.6 85.5
Capital expenditure −23.6 −36.3 −25.3 −27.1 −13.3 −23.1 −44.5 −100.9 −65.0 −25.7
Free cash flow 22.6 −40.6 12.7 −14.8 47.8 18.2 22.2 −57.2 −0.4 59.9
Growth −279.4% −216.4% −61.9% +21.9% −357.3%
Buybacks n/a n/a n/a n/a −14.6 −2.9 −6.1 0.0 0.0 −7.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash36.1Shareholders’ equity468.9Fiscal year 2017Cash36.1Shareholders’ equity427.0Fiscal year 2018Cash29.8Total debt79.7Net cash (debt)−49.9Shareholders’ equity508.0Debt to equity0.16Fiscal year 2019Cash49.2Total debt88.9Net cash (debt)−39.7Shareholders’ equity533.4Debt to equity0.17Fiscal year 2020Cash109.0Total debt85.7Net cash (debt)23.3Shareholders’ equity513.5Debt to equity0.17Fiscal year 2021Cash99.4Total debt36.1Net cash (debt)63.4Shareholders’ equity747.1Debt to equity0.05Fiscal year 2022Cash124.0Total debt145.6Net cash (debt)−21.6Shareholders’ equity720.0Debt to equity0.20Fiscal year 2023Cash104.9Total debt261.2Net cash (debt)−156.2Shareholders’ equity726.8Debt to equity0.36Fiscal year 2024Cash89.5Total debt265.4Net cash (debt)−175.9Shareholders’ equity713.3Debt to equity0.37Fiscal year 2025Cash155.6Total debt226.8Net cash (debt)−71.2Shareholders’ equity559.4Debt to equity0.41
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 36.1 36.1 29.8 49.2 109.0 99.4 124.0 104.9 89.5 155.6
Total debt n/a n/a 79.7 88.9 85.7 36.1 145.6 261.2 265.4 226.8
Net cash (debt) n/a n/a −49.9 −39.7 23.3 63.4 −21.6 −156.2 −175.9 −71.2
Shareholders’ equity 468.9 427.0 508.0 533.4 513.5 747.1 720.0 726.8 713.3 559.4
Debt to equity n/a n/a 0.16 0.17 0.17 0.05 0.20 0.36 0.37 0.41

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
46.3 −4.3 38.0 12.3 61.0 41.3 66.7 43.8 64.6 85.5
Growth −109.3% −67.7% +397.1% −32.3% +61.6% −34.4% +47.5% +32.4%
59.3 56.6 51.9 49.6 47.7 45.2 54.7 45.7 44.7 98.6
Investment
−23.6 −36.3 −25.3 −27.1 −13.3 −23.1 −44.5 −100.9 −65.0 −25.7
calc 22.6 −40.6 12.7 −14.8 47.8 18.2 22.2 −57.2 −0.4 59.9
Growth −279.4% −216.4% −61.9% +21.9% −357.3%
calc n/a −0.27 0.07 −0.07 0.24 0.09 0.10 −0.26 −0.00 0.27
3.7 40.7 54.4 −1.5 24.2 −207.7 −148.5 −202.0 −77.7 63.1
Financing
−55.7 −43.2 −95.2 7.7 −18.7 152.8 101.6 139.1 −1.9 −82.1
n/a n/a n/a n/a −14.6 −2.9 −6.1 0.0 0.0 −7.9

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.