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NextDecade Corp

$5.86 ▼ -0.40 (-6.39%) at close

12 Visible periods

24 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

NextDecade Corp faces fundamental challenges. The fundamentals warrant careful consideration of downside risks.

Market Cap $1.5B

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC -2.0% ↗

FCF / Share $-19.13 ↘

Trailing P/E —

Price / Book 16.1x

FCF Yield —

Debt / Equity 92.59

info Valuation on last close. End-of-day price, Nov 5, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$0.00

— —

Net Income Profit after all expenses

$-429.64M

↓ -254.9% —

FCF / Share Free cash flow per share

$-19.13

↓ -85.7% —

Long-Term Debt Long-term obligations

$8.83B

↑ +118.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

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Cadence

Annual Quarterly

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📈 Is growth accelerating? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
EPS Growth YoY (%)	-387.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	74.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-44.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-91.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	N/M	-269.0% Weak ↓ Weak Declining Year-over-year change in net income	-172.6% Weak ↓ Weak Declining Year-over-year change in net income	-53.8% Weak ↓ Weak Declining Year-over-year change in net income	60.1% Excellent ↑ Excellent Improving Year-over-year change in net income	14.5% Fair ↑ Fair Improving Year-over-year change in net income	-18.8% Weak ↑ Weak Improving Year-over-year change in net income	-318.6% Weak Weak Year-over-year change in net income	-8.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-85.7% Weak ↑ Weak Improving Year-over-year change in free cash flow	-10.7% Weak ↑ Weak Improving Year-over-year change in free cash flow	-1540.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-124.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	49.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	10.9% Fair ↑ Fair Improving Year-over-year change in free cash flow	-42.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-43.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	1.3% Caution Caution Year-over-year change in free cash flow	61.1% Excellent Excellent Year-over-year change in free cash flow	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
FCF / Net Income (x)	11.68x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-9.60x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	8.17x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	4.09x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.70x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.00x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.78x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	3.15x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	5.08x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Return on Invested Capital (%)	-2.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-79.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-77.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-28.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-30.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-40.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-9.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-8.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-8.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-15.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-25.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-30.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	-11.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	73.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+512%)	-77.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-741%)	-110.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1021%)	-110.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1023%)	-23.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-298%)	-40.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-433%)	-50.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-520%)	-34.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-386%)	-12.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-203%)	-10.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-185%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Debt to Equity (x)	92.59x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18418%)	10.68x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2037%)	6.31x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1162%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—	—
Interest Coverage (x)	-1.33x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.95x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2.44x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$8.68B	$3.89B	$1.78B	$-62.79M	$-25.55M	$-22.61M	$-15.74M	$-3.17M	$-35.70M	$-12.52M	$-27.13M	$-1.11K
Debt / EBITDA (x)	-39.38x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-23.86x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-14.83x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue per Share (USD)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	—
Basic EPS, GAAP (USD)	$-1.17	$-0.24	$-0.94	$-0.65	$-0.34	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-19.13	$-10.30	$-9.31	$-0.57	$-0.25	$-0.50	$-0.56	$-0.39	$-0.27	$-0.28	$-0.71	—
Book Value per Share (USD)	$0.36	$1.45	$1.12	$0.38	$0.16	$0.51	$0.76	$0.78	$0.97	$0.71	$1.39	$0.01
Tangible Book Value per Share (USD)	$0.36	$1.45	$1.12	$0.38	$0.16	$0.51	$0.76	$0.78	$0.97	$0.71	$1.39	$0.01
Basic Weighted Avg Shares (shares)	262.16M	258.54M	194.59M	130.14M	119.20M	117.52M	109.06M	106.56M	100.93M	95.68M	55.23M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Working Capital (USD)	$-617.98M	$-182.51M	$-237.86M	$38.58M	$18.16M	$18.14M	$57.26M	$64.84M	$34.47M	$14.26M	—	$23.68K
LT Debt (USD)	$8.83B	$4.04B	$1.82B	$0.00	—	—	—	—	—	—	—	—
Total Equity (USD)	$95.34M	$377.64M	$287.92M	$54.37M	$19.89M	$60.43M	$89.72M	$83.22M	$103.09M	$68.10M	$76.56M	$23.68K

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Sales/Revenue/Turnover (USD)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	—
Depreciation Expense (USD)	$1.78M	$1.93M	$168.00K	$162.00K	$184.00K	$196.00K	$251.00K	$171.00K	$106.00K	$100.00K	$80.00K	—
Net Income, GAAP (USD)	$-429.64M	$277.45M	$-221.64M	$-60.07M	$-22.04M	$-14.33M	$-35.87M	$-41.96M	$-35.33M	$-8.44M	$-7.76M	—
Operating Cash Flow (USD)	$-169.40M	$-95.58M	$-73.62M	$-40.08M	$-17.96M	$-26.25M	$-40.70M	$-23.29M	$-12.83M	$-7.19M	$-6.23M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 12 years · 51 quarters

NextDecade Corp

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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