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NextDecade Corp NEXT

Nasdaq · stock · Natural Gas Transmisison & Distribution · website · IPO 2015-03-24 · LEI

NextDecade Corp statistics & valuation

Market cap$2.0B
P / B0.9×
Return on equity-18.7%
Net debt$8.7B
Enterprise value USD$10.7B
Earnings yield EBIT/EV-2.1%
Return on capital-2%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
-0.60% -34.30% -50.40% -40.00% -23.70% -110.80% -110.50% -29.90% 15.90% -18.70% 2016201720182019202020212022202320242025
Shares outstanding
95.7M 106.3M 106.9M 117.3M 117.8M 120.8M 143.5M 256.5M 260.2M 264.8M 2016201720182019202020212022202320242025
Net debt ($)
-$62.8M $1.78B $3.89B $8.68B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.60% -30.40% -24.80% -16.20% -7.10% -9.90% -19.20% -6.70% 4.30% -3.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 2.45× 2.31× 3.84× 2016201720182019202020212022202320242025
EPS ($)
-$0.65 -$0.94 -$0.24 -$1.17 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets-3.5%4.3%-6.7%-19.2%-9.9%-7.1%-16.2%-24.8%-30.4%-0.6%
Return on equity-18.7%15.9%-29.9%-110.5%-110.8%-23.7%-40.0%-50.4%-34.3%-0.6%
Debt / equity3.84×2.31×2.45×0.00×——————
Current ratio0.540.690.572.523.214.533.666.365.103.89

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.