NextDecade (NEXT) Return on Assets [ROA] (2015 - 2026)
NextDecade (NEXT) recorded Return on Assets [ROA] of -2.60% in Q2 2026, up 0.49 percentage points from -3.08% a year earlier and up 0.36 percentage points from the prior quarter.
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Analysis
NextDecade (NEXT) Return on Assets [ROA] (2015 - 2026) Analysis & Trends
For FY2025, NextDecade reported Return on Assets [ROA] of -4.56%, down 10.27 percentage points from FY2024.
- Annual Return on Assets [ROA] has a five-year change of +5.85 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at 5.70% in FY2024 (+17.89 pp), -12.19% in FY2023 (+10.29 pp), -22.48% in FY2022 (-13.27 pp) and -9.21% in FY2021 (+1.20 pp).
- Quarterly Return on Assets [ROA] has ranged from -54.46% in Q2 2023 to 4.81% in Q4 2024 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] rose in three of the last eight quarters, with an average year-over-year change of -0.72 percentage points.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 57.04 percentage points in Q2 2024, against a drop of 42.02 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -2.96% (Q1 2026), -3.83% (Q4 2025) and -0.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 2.74% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 5.83% |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 7.85% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 4.76% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 4.85% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 8.29% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 11.10% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 9.41% |
| 10 | NextDecade | 1.72 Bn | 4.01 Bn | - | -2.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.60% |
| Mar 31, 2026 | -2.96% |
| Dec 31, 2025 | -3.83% |
| Sep 30, 2025 | -0.21% |
| Jun 30, 2025 | -3.08% |
| Mar 31, 2025 | -2.32% |
| Dec 31, 2024 | 4.81% |
| Sep 30, 2024 | -9.31% |
| Jun 30, 2024 | 2.58% |
| Mar 31, 2024 | -0.20% |
| Dec 31, 2023 | -7.12% |
| Sep 30, 2023 | 0.94% |
| Jun 30, 2023 | -54.46% |
| Mar 31, 2023 | -24.33% |
| Dec 31, 2022 | -17.59% |
| Sep 30, 2022 | -15.78% |
| Jun 30, 2022 | -12.45% |
| Mar 31, 2022 | -10.37% |
| Dec 31, 2021 | -8.65% |
| Sep 30, 2021 | -6.84% |
API Access
NextDecade Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "NEXT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();