Clean Energy Fuels $CLNE Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up CLEAN ENERGY FUELS CORP. ($CLNE). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-10-06. 9 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $424.8M (FY2025), total debt $226.8M. Experience: revenue up 2.2% on the year, up 13.5% a year over 4 years; operating margin -37.6%, down from -8.7%. Soundness: equity 52.9% of assets, return on equity -39.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $310.2M and $576.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $265.2M to $678.9M. A statistical range, not company guidance. Against peers (22 filers, $50M+ revenue, its industry group): operating margin -37.6% against a 19.0% median; growth 2.2% against 10.2%.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $86M · $63M · −$82M · $60M |
| Investment book (cash · short · long) | $156M · $1M · — · current ratio 2.32 |
| Revenue swing · equity of assets | 24.7% · 52.9% |
Clean Energy Fuels is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $425M |
| Revenue, on the year | 2.2% |
| Revenue, a year over the record | 13.5% |
| Operating margin | −37.6% |
| Operating margin, prior year | −8.7% |
| Net margin | −52.4% |
| Research and development | not filed separately |
| Total debt | $227M |
| Equity of assets | 52.9% |
| Return on equity | −39.8% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-1.01 |
| Book value per share | $2.54 |
| Revenue per share | $1.93 |
| Shares outstanding | 220,648,541 |
| Audited years read | 5 |
Peers: the median of 22 filers with $50M+ revenue in gas & other services combined.
Health HarborClean Energy Fuels sails as: Weathered boat
Health watch · 12 monthsDirector or officer change ×4
Sailing speed follows growth: 0.4% a year crosses the harbor in 79 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
- revenue is hard to predict: its 80% range is ±30%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-10-06 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-06
- 8-K · 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-23 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-10 · 5.07 Submission of Matters to a Vote of Security Holders
- 10-Q · 2026-05-07
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company