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NEXT NextDecade Corp

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Energy

Scale

Market cap
$1.9bn
Revenue TTM
$0m
Net income TTM
$-369m
Free cash flow
$-5.7bn
Composite score
Sector rank
#1664

Valuation

P / E
EV / EBITDA
EV / sales
FCF yield
-298.42%
Earnings yield vs 10-yr
-23.96pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
EBITDA margin
ROE
644.2%
ROIC
-2.2%
Revenue growth

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

The increase in operating cash outflows in 2025 compared to 2024 was primarily due to an increase in headcount to support the commencement of operations at the Rio Grande LNG Facility and a decrease in derivative settlements. The increase in investing cash outflows in 2025 compared to 2024 was primarily due to increased expenditures associated with construction of the Rio Grande LNG Facility, including expenditures related to Trains 4 and 5, which achieved positive FID and began construction in 2025. …NextDecade Corp, 10-K, period ended 2025-12-31, filed 2026-03-02

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