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Clean Energy Fuels vs Northwest Natural Holding

Northwest Natural Holding is the larger business, with $1.29bn of revenue in fiscal 2025 against $425m for Clean Energy Fuels (3.0 times as much). Northwest Natural Holding grew faster (11.8% against 2.2%). Northwest Natural Holding kept more of each dollar of sales as profit: a net margin of 8.8% against -52.3%. Clean Energy Fuels carries less debt relative to equity (44.7% against 176.6%).

Latest fiscal yearClean Energy FuelsCLNE, 2025Northwest Natural HoldingNWN, 2025
Revenue $425m $1.29bn
Revenue growth 2.2% 11.8%
Net income −$222m $113m
Operating margin -37.6% 21.8%
Net margin -52.3% 8.8%
Return on equity -34.9% 7.9%
Free cash flow $59.9m −$198m
Cash $156m $36.7m
Total debt $250m $2.60bn
Debt to equity 44.7% 176.6%
Dividend per share — $1.96
Dividend yield — 3.7%
Share buybacks $7.9m —
Employees 503 —
Market value $345m $2.13bn
Price vs our value range Below our value range —
Moat score 38 (Weak) 26 (Weak)
Insider trades, 12 months 3 buys, 1 sales 2 buys, 15 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.