Clean Energy Fuels Corp. (CLNE) vs Delek Logistics Partners, L.P. (DKL)

Clean Energy Fuels Corp. and Delek Logistics Partners, L.P. are both Oil & Gas Refining & Marketing companies. Delek Logistics Partners, L.P. is the larger, with a market value of $3.2B against $361.5M — 8.7× the size. Clean Energy Fuels Corp. has negative trailing earnings, so its P/E is not meaningful; Delek Logistics Partners, L.P. trades at 18.8×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 5.18%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs −21.3%) and the higher return on invested capital (4.97% vs −3.11%). Across the 20 metrics below, Delek Logistics Partners, L.P. leads on 15 and Clean Energy Fuels Corp. on 5.

Valuation

Metric CLNE DKL Oil & Gas Refining & Marketing median
P/E n/m 18.78 15.04
P/S 0.80 2.39 0.41
P/B 0.63 n/m 1.87
Price to free cash flow 41.40 24.28 8.78
EV/EBITDA 25.02 16.10 7.94
EV/Sales 1.00 4.40 0.59
Earnings yield (27.50%) 5.33% 6.15%
Free cash flow yield 2.42% 4.12% 10.47%

Profitability

Metric CLNE DKL Oil & Gas Refining & Marketing median
Gross margin 27.52% 17.58% 12.22%
Operating margin (7.31%) 15.32% 5.35%
Net margin (21.27%) 12.85% 2.08%
Free cash flow margin 1.92% 9.84% 4.25%
Return on equity (16.28%) (826.14%) 11.39%
Return on assets (8.79%) 5.48% 5.22%
Return on invested capital (3.11%) 4.97% 11.54%

Growth

Metric CLNE DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 5.18% 30.33% 13.37%
EPS growth (last fiscal year) (172.97%) 10.37% —
Revenue growth, 5-year CAGR 7.81% 12.46% 12.77%
Net income growth, 5-year CAGR 0.00% 4.66% 0.00%

Health

Metric CLNE DKL Oil & Gas Refining & Marketing median
Debt to equity 0.41 (34.54) 0.44
Current ratio 2.48 0.96 1.32
Net debt to EBITDA 16.90 7.63 2.07

Dividend

Metric CLNE DKL Oil & Gas Refining & Marketing median
Dividend yield — 9.38% 3.64%
Payout ratio 0.00 — 0.14

Size

Metric CLNE DKL Oil & Gas Refining & Marketing median
Market cap 361.53m 3.15b 4.12b

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