# NextDecade Corporation (NEXT) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Energy / Oil, Gas & Fuels. Price $6.70, market value $1.8 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). NextDecade Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 16.1×**. The shares trade at 16.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -298.3%** (5-yr avg -142.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -450.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -2.2%**. Return on all capital, debt included, is -2.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.1%**. Each dollar of assets produces 3.1% of profit.

## Growth
- **EPS growth (1 yr): -387.5%**. Earnings per share fell 387.5%.

## Financial health
- **Debt to equity: 89.27**. Debt is 89.27 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. NextDecade Corporation holds more cash than debt.
- **Current ratio: 0.54** (quick 0.54). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: -0.00**. A Z-score of -0.00 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. NextDecade Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (5 analysts). 5 analysts cover NextDecade Corporation; the consensus is buy, with an average price target of $8.70 (+30% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 12.3%** (YTD 26.4%, 3-mo 0.9%). The shares are up 12.3% over twelve months including dividends.
- **From 52-week high: -27.5%** (41.1% above the low). Trading 27% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): -0.61** (volatility 62%). Beta of -0.61 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NEXT · Page: https://foliofundamentals.com/stocks/next

Not investment advice.