CrossAmerica Partners LP (CAPL) vs Clean Energy Fuels Corp. (CLNE)

CrossAmerica Partners LP and Clean Energy Fuels Corp. are both Oil & Gas Refining & Marketing companies. CrossAmerica Partners LP is the larger, with a market value of $824.9M against $361.5M — 2.3× the size. Clean Energy Fuels Corp. has negative trailing earnings, so its P/E is not meaningful; CrossAmerica Partners LP trades at 15.6×. Clean Energy Fuels Corp. grew revenue faster over the last twelve months: 5.18% against 0.29%. CrossAmerica Partners LP has the higher net margin (1.36% vs −21.3%) and the higher return on invested capital (11.5% vs −3.11%). Across the 20 metrics below, CrossAmerica Partners LP leads on 15 and Clean Energy Fuels Corp. on 5.

Valuation

Metric CAPL CLNE Oil & Gas Refining & Marketing median
P/E 15.57 n/m 15.04
P/S 0.21 0.80 0.41
P/B n/m 0.63 1.87
Price to free cash flow 5.95 41.40 8.78
EV/EBITDA 8.15 25.02 7.94
EV/Sales 0.40 1.00 0.59
Earnings yield 6.42% (27.50%) 6.15%
Free cash flow yield 16.81% 2.42% 10.47%

Profitability

Metric CAPL CLNE Oil & Gas Refining & Marketing median
Gross margin 10.94% 27.52% 12.22%
Operating margin 2.93% (7.31%) 5.35%
Net margin 1.36% (21.27%) 2.08%
Free cash flow margin 3.57% 1.92% 4.25%
Return on equity (54.75%) (16.28%) 11.39%
Return on assets 5.22% (8.79%) 5.22%
Return on invested capital 11.54% (3.11%) 11.54%

Growth

Metric CAPL CLNE Oil & Gas Refining & Marketing median
Revenue growth (TTM) 0.29% 5.18% 13.37%
EPS growth (last fiscal year) 96.15% (172.97%) —
Revenue growth, 5-year CAGR 13.64% 7.81% 12.77%
Net income growth, 5-year CAGR (18.28%) 0.00% 0.00%

Health

Metric CAPL CLNE Oil & Gas Refining & Marketing median
Debt to equity (6.77) 0.41 0.44
Current ratio 0.76 2.48 1.32
Net debt to EBITDA 3.63 16.90 2.07

Dividend

Metric CAPL CLNE Oil & Gas Refining & Marketing median
Dividend yield 9.36% — 3.64%
Payout ratio — 0.00 0.14

Size

Metric CAPL CLNE Oil & Gas Refining & Marketing median
Market cap 824.92m 361.53m 4.12b

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