CLNE vs CVE vs REX Stock Comparison

Clean Energy Fuels, Cenovus Energy and Rex American Resources Prices as of Oct 23, 2026 Peers: Industry group
CVE Cenovus Energy Inc.
$32.85 +5.7% 1M +89.8% 1Y
Market cap
$60.01B
P/E
16.6x
Revenue (TTM)
—
Div. yield
–
Integrated Oil and Gas Energy
4 wins

Head to Head

10 decided of 12

Rex American Resources leads on 5 of the 12 questions below (Rex American Resources 5, Cenovus Energy 4, Clean Energy Fuels 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLNECVEREXLeader
Larger companyMarket capitalisation $318.27M $60.01B $1.31B CVE
Cheaper on earningsLower P/E, profitable companies only -3.4x 16.6x 10.9x REX
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 8.1x 27.7x CVE
Faster revenue growthRevenue growth, trailing twelve months +5.2% — +2.9% CLNE
More profitableNet margin, trailing twelve months -21.3% — 18.3% REX
Better return on capitalReturn on invested capital -4.1% — — –
Less leveragedLower net debt / EBITDA 3.3x 0.7x — CVE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -49.0% +89.8% +25.2% CVE
Better 5-year returnAnnualised price return, 5 years -30.0%/yr +22.9%/yr +23.2%/yr REX
Less volatileAnnualised volatility, 1 year 54.2% 35.8% 32.6% REX
Higher overall scoreMean of the five percentile scores vs peers 65/100 55/100 90/100 REX

Percentile Scorecard

CLNECVEREX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLNECVEREX
Valuation 90 #2 of 11 46 #54 of 99 80 #3 of 11
Growth 60 #5 of 11 44 #55 of 97 90 #2 of 11
Profitability 50 #5 of 9 92 #9 of 96 100 #1 of 9
Financial Health 60 #5 of 11 58 #43 of 102 90 #2 of 11
Shareholder Returns – 33 #51 of 76 –
Overall 65 55 90
  • CLNE ranked among 11 companies in Renewable Fuels
  • CVE ranked among 103 companies in Oil and Gas Upstream
  • REX ranked among 11 companies in Renewable Fuels

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLNECVEREXSPY
1 month -9.9%+5.7%-9.6% -1.0%
3 months -28.1%+12.2%-10.3% +2.9%
6 months -36.0%+25.0%-14.7% +6.4%
Year to date -30.5%+94.1%+23.4% +11.4%
1 year -49.0%+89.8%+25.2% +13.1%
3 years -60.8%+67.0%+114.8% +79.4%
3 years, per year -26.8%+18.7%+29.1% +21.5%
5 years -83.1%+180.1%+183.1% +67.7%
5 years, per year -30.0%+22.9%+23.2% +10.9%
10 years -66.4%+109.5%+199.4% +255.2%
10 years, per year -10.3%+7.7%+11.6% +13.5%

Risk

MeasureCLNECVEREXSPY
Volatility, 1Y 54.2%35.8%32.6% 12.7%
Downside volatility, 1Y 59.0%34.8%33.9% 12.7%
Beta vs S&P 500, 1Y -0.11-0.340.04 1.00
Return / volatility, 1Y -0.902.510.77 1.03
Max drawdown, 5Y -86.2%-57.2%-41.6% -25.4%
From 52-week high -52.3%-1.8%-22.1% -2.5%
52-week high $3.06$33.46$51.16 $779.14
52-week low $1.35$15.85$31.69 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLNECVEREX
P/E now vs peer median -3.4xmedian 10.9x 16.5xmedian 13.1x 10.9xmedian 10.9x
P/S now vs peer median 0.7xmedian 1.2x 1.7xmedian 2.0x 2.0xmedian 1.2x
EV/EBITDA now vs peer median 15.4xmedian 14.0x 7.4xmedian 5.7x 6.2xmedian 14.0x
P/FCF now vs peer median 14.1xmedian 14.1x 10.5xmedian 11.1x 19.3xmedian 14.1x
P/B now vs peer median 0.6xmedian 1.1x 2.7xmedian 1.5x 1.7xmedian 1.1x
PEG now vs peer median 0.45median 0.19 -1.21median 2.24 0.16median 0.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLNECVEREX
Revenue $442.37M – $658.58M
Gross profit $121.76M – $179.14M
Operating income -$32.36M $4.67B $133.32M
Net income -$94.76M $3.61B $141.02M
Free cash flow $22.86M – $68.55M
R&D – $31.67M –
EPS (diluted) $-0.43 $1.98 $3.64
Cash & equivalents $59.15M $2.00B $91.33M
Total debt $229.02M $14.38B –
Shares (diluted) 220.26M 1.82B 33.09M
Enterprise value -$342.87M $51.72B -$143.29M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLNECVEREX
P/E -3.4x 16.5x 10.9x
P/FCF 14.1x 10.5x 19.3x
P/Operating cash flow 6.9x – 9.2x
P/S 0.7x 1.7x 2.0x
P/B 0.6x 2.7x 1.7x
P/Tangible book 0.6x 2.7x 1.7x
EV/EBITDA 15.4x 7.4x 6.2x
EV/EBIT -12.7x 14.5x 7.1x
EV/Revenue 0.9x – 1.4x
EV/FCF 18.0x – 13.8x
EV/Operating cash flow 8.8x – 6.6x
PEG (3Y EPS CAGR) 0.45 -1.21 0.16

Growth

14 metrics
MetricCLNECVEREX
Revenue growth (1Y) 5.2% – 2.9%
Revenue CAGR (3Y) -1.4% – -8.0%
Gross profit growth (1Y) -0.3% – 103.3%
Gross profit CAGR (3Y) 7.0% – 50.4%
Operating income growth (1Y) 79.4% -10.8% 118.2%
Operating income CAGR (3Y) 22.0% -17.3% 61.5%
Net income growth (1Y) 53.6% 2.5% 116.6%
Net income CAGR (3Y) -7.2% -16.3% 132.7%
EPS growth (1Y) 53.7% 4.9% 128.4%
EPS CAGR (3Y) -7.7% -13.6% 70.6%
Operating cash flow growth (1Y) -54.5% – 164.0%
Operating cash flow CAGR (3Y) 19.2% – 42.7%
Free cash flow growth (1Y) -60.1% – 1,383%
Free cash flow CAGR (3Y) 36.4% – 16.3%

Profitability

14 metrics
MetricCLNECVEREX
Gross margin 27.5% – 27.2%
EBITDA margin 6.0% – 23.1%
Operating margin -7.3% – 20.2%
Pretax margin -21.4% – 25.6%
Net margin -21.3% – 18.3%
FCF margin 5.2% – 10.4%
Operating cash flow margin 10.5% – 21.7%
Return on equity -16.9% 16.6% 18.9%
Return on assets -9.2% 8.5% 16.9%
Return on invested capital -4.1% – –
Return on capital employed -3.6% 12.4% 17.4%
Asset turnover 0.4x – 0.8x
Cash conversion (OCF / net income) -0.5x – 1.0x
Stock comp / revenue 2.0% – 1.4%

Financial Health

11 metrics
MetricCLNECVEREX
Debt / assets 22.3% 17.4% –
Debt / equity 0.4x 0.3x –
Net debt / EBITDA 3.3x 0.7x –
Debt / FCF 10.0x – –
Liabilities / assets 45.5% 50.1% 9.9%
Equity / assets 54.5% 49.9% 90.1%
Interest coverage -0.7x – –
Current ratio 2.5x 1.6x 6.9x
Quick ratio 1.9x 1.0x 6.1x
Cash ratio 1.1x 0.4x 5.7x
Altman Z-score -0.76 – 12.27

Shareholder Returns

7 metrics
MetricCLNECVEREX
Dividend yield – 2.6% –
Net buyback yield 0.0% – 0.1%
Shareholder yield 0.0% 2.6% 0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLNECVEREX
Forward P/E – 8.1xFY2026 27.7xFY2026
EPS, next fiscal year $-0.02FY2026 $4.07FY2026 $1.44FY2026
EPS growth, next FY -300.0%FY2026 +159.2%FY2026 -42.4%FY2026
EPS growth, the year after – -11.1% +431.3%
Revenue, next fiscal year $466.93MFY2026 $41.61BFY2026 $720.58MFY2026
Revenue growth, next FY +9.9%FY2026 -2.6%FY2026 +10.8%FY2026
Revenue growth, the year after +5.8% +2.8% +13.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLNECVEREX
Held by institutions 49.3% 48.8% 79.9%
Institutions holding 193 490 231
Change in shares held, QoQ +1.9% -5.2% +0.3%
Institutions buying 86 264 114
Institutions selling 59 162 73
Buyers to sellers 1.46 1.63 1.56

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLNECVEREX
CLNE 1.00 0.23 0.37
CVE 0.23 1.00 0.35
REX 0.37 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLNE, CVE and REX?

Cenovus Energy (CVE) is the largest by market capitalisation: Clean Energy Fuels (CLNE) $318.27M, Cenovus Energy (CVE) $60.01B, Rex American Resources (REX) $1.31B.

Which stock is cheaper, CLNE, CVE and REX?

Rex American Resources (REX) trades on the lowest price-to-earnings ratio (Clean Energy Fuels (CLNE) -3.4x, Cenovus Energy (CVE) 16.6x, Rex American Resources (REX) 10.9x). On next year's consensus earnings, Cenovus Energy (CVE) is cheapest (Cenovus Energy (CVE) 8.1x, Rex American Resources (REX) 27.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Clean Energy Fuels (CLNE) grew revenue fastest over the trailing twelve months: Clean Energy Fuels (CLNE) +5.2%, Rex American Resources (REX) +2.9%.

Which company is more profitable?

Rex American Resources (REX) has the highest net margin (Clean Energy Fuels (CLNE) -21.3%, Rex American Resources (REX) 18.3%).

Which stock has performed better?

Over the past year Cenovus Energy (CVE) returned the most: Clean Energy Fuels (CLNE) -49.0%, Cenovus Energy (CVE) +89.8%, Rex American Resources (REX) +25.2%. Over five years, Rex American Resources (REX) compounded fastest (Clean Energy Fuels (CLNE) -30.0%/yr, Cenovus Energy (CVE) +22.9%/yr, Rex American Resources (REX) +23.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Rex American Resources (REX) has been the steadiest (Clean Energy Fuels (CLNE) 54.2%, Cenovus Energy (CVE) 35.8%, Rex American Resources (REX) 32.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLNE, CVE and REX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Rex American Resources (REX) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.