CLNEClean Energy Fuels Corp.
Gas & Other Services Combined
- Revenue
- $425M
- 2.2% YoY
- Operating margin
- -37.6%
- 330% YoY
- EBITDA
- −$61M
- 831% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $22M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear9% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $256M | $420M | $425M | $416M | $425M | 2.2% |
| Operating income | −$95M | −$52M | −$76M | −$36M | −$160M | 340% |
| Net income | −$93M | −$59M | −$99M | −$83M | −$222M | 167% |
| Operating cash flow | $41M | $67M | $44M | $65M | $86M | 32% |
| Capex | $23M | $45M | $101M | $65M | $26M | 60% |
| Stock-based comp | $15M | $26M | $23M | $11M | $9M | 18% |
| Buybacks | $3M | $6M | $0 | $0 | $8M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $2M | 27 | 126 |
| FY2024 | $3M | $1M | 107 | 134 |
| FY2023 | $2M | $22K | 223 | 150 |
| FY2022 | $1M | $298K | 256 | 115 |
| FY2021 | $11M | $10M | 302 | 146 |