NextDecade Corporation NEXT NASDAQ

NASDAQ Capital Marke • Energy • Oil & Gas Exploration & Production • US • USD

SharesGrow Score

27/100

1/6 Pass

SharesGrow Intrinsic Value

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

NextDecade Corporation (NEXT) generated $-169.4M in operating cash flow for fiscal year 2025. After capital expenditures of $4.85B, free cash flow was $-5.02B.

Cash conversion ratio was 0.39x, suggesting some earnings are non-cash.

The company returned $16.95M in share buybacks to shareholders during the period.

Criteria supported by this page:

HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (40/100, Fail) — limited free cash flow weakens the competitive position
INCOME (?/100) — Cash conversion ratio was 0.39x suggests some earnings are non-cash items

Overall SharesGrow Score: 26/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

27/100

SG Score

View full scorecard →

✓

VALUE

80/100

Price-to-Earnings & upside

→ Valuation

✗

FUTURE

26/100

Analyst consensus

→ Forecast

✗

PAST

0/100

→ Income

✗

HEALTH

0/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

40/100

Proven by this page

✗

GROWTH

15/100

→ Income

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INCOME

N/A

No coverage

NextDecade Corporation Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$-169.4M	$-169.4M	$-95.59M	$-73.62M	$-40.08M
Capital Expenditure	$-5.13B	$-4.85B	$-2.57B	$-1.74B	$-33.75M
Free Cash Flow	$-5.3B	$-5.02B	$-2.66B	$-1.81B	$-73.83M