Clean Energy Fuels Valuation Multiples

Clean Energy Fuels Overview

About Clean Energy Fuels

Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas and liquefied natural gas for the United States (U.S.) and Canadian transportation markets. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The firm operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. It also builds, operates, and maintains natural gas fueling stations for customers.

Founded

2001

HQ

Employees

503

Website

cleanenergyfuels.com

Sectors

Oil & GasEnergy Production

Financials (LTM)

Revenue: $427M

EBITDA: $69M

EV

$671M

Valuation Multiples

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Clean Energy Fuels Financials

Clean Energy Fuels reported last 12-month revenue of $427M and EBITDA of $69M.

In the same LTM period, Clean Energy Fuels generated $118M in gross profit, $69M in EBITDA, and had net loss of ($187M).

Clean Energy Fuels P&L

In the most recent fiscal year, Clean Energy Fuels reported revenue of $425M and EBITDA of $68M.

Clean Energy Fuels expects next 12-month revenue of XXX and NTM EBITDA of XXX

Clean Energy Fuels Stock Performance

Clean Energy Fuels has current market cap of $501M, and enterprise value of $671M.

Clean Energy Fuels' stock price is $2.29.

Clean Energy Fuels Valuation Multiples

Clean Energy Fuels trades at 1.6x EV/Revenue multiple, and 9.7x EV/EBITDA.

Clean Energy Fuels Financial Valuation Multiples

As of March 25, 2026, Clean Energy Fuels has market cap of $501M and EV of $671M.

Equity research analysts estimate Clean Energy Fuels' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Clean Energy Fuels has a P/E ratio of (2.7x).

Clean Energy Fuels Margins & Growth Rates

Clean Energy Fuels' revenue in the last 12 month grew by 5%.

Clean Energy Fuels' revenue per employee in the last FY averaged $0.8M.

Clean Energy Fuels' rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Clean Energy Fuels' rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Clean Energy Fuels Public Comps

See public comps and valuation multiples for other Oil & Gas and Energy Production comps.

Clean Energy Fuels M&A Activity

Clean Energy Fuels acquired XXX companies to date.

Last acquisition by Clean Energy Fuels was on XXXXXXXX, XXXXX. Clean Energy Fuels acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Clean Energy Fuels Investment Activity

Clean Energy Fuels invested in XXX companies to date.

Clean Energy Fuels made its latest investment on XXXXXXXX, XXXXX. Clean Energy Fuels invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).