Nextdecade Corp
NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. The company focuses on the development activities on the Rio Grande liquefied natural gas (LNG) terminal facility located in the Port of Brownsville in southern Texas; and a carbon capture and storage project (CCS project) at the termin… Read more
Nextdecade Corp (NEXT) - Net Assets
Latest net assets as of September 2025: $1.98 Billion USD
Based on the latest financial reports, Nextdecade Corp (NEXT) has net assets worth $1.98 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.01 Billion) and total liabilities ($8.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.98 Billion |
| % of Total Assets | 19.75% |
| Annual Growth Rate | 206.67% |
| 5-Year Change | 909.86% |
| 10-Year Change | 1437.3% |
| Growth Volatility | 143729.23 |
Nextdecade Corp - Net Assets Trend (2014–2024)
This chart illustrates how Nextdecade Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nextdecade Corp (2014–2024)
The table below shows the annual net assets of Nextdecade Corp from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.74 Billion | +135.59% |
| 2023-12-31 | $740.43 Million | +188.32% |
| 2022-12-31 | $256.81 Million | +36.39% |
| 2021-12-31 | $188.29 Million | +9.01% |
| 2020-12-31 | $172.74 Million | -7.93% |
| 2019-12-31 | $187.62 Million | +25.52% |
| 2018-12-31 | $149.47 Million | +44.99% |
| 2017-12-31 | $103.09 Million | -8.80% |
| 2016-12-31 | $113.04 Million | -0.38% |
| 2015-12-31 | $113.47 Million | +479144.36% |
| 2014-12-31 | $23.68K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nextdecade Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 45352167700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.00K | 0.01% |
| Other Components | $831.14 Million | 220.09% |
| Total Equity | $377.64 Million | 100.00% |
Nextdecade Corp Competitors by Market Cap
The table below lists competitors of Nextdecade Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pantoro Gold Ltd
AU:PNR
|
$767.69 Million |
|
PixArt Imaging
TWO:3227
|
$767.78 Million |
|
Jiangsu Shemar Electric Co Ltd
SHG:603530
|
$767.85 Million |
|
Butterfly Network Inc
NYSE:BFLY
|
$767.91 Million |
|
Airoha Technology Corp
TW:6526
|
$767.02 Million |
|
Jiangxi GETO New Materials Corporation Limited
SHE:300986
|
$766.69 Million |
|
CHN Energy Changyuan Electric Power Co Ltd
SHE:000966
|
$766.62 Million |
|
Electricity Generating Public Company Limited
BK:EGCO
|
$766.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nextdecade Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 287,923,000 to 377,641,000, a change of 89,718,000 (31.2%).
- Net loss of 61,751,000 reduced equity.
- Share repurchases of 6,702,000 reduced equity.
- Other comprehensive income increased equity by 3,323,801,000.
- Other factors decreased equity by 3,165,630,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-61.75 Million | -16.35% |
| Share Repurchases | $6.70 Million | -1.77% |
| Other Comprehensive Income | $3.32 Billion | +880.15% |
| Other Changes | $-3.17 Billion | -838.26% |
| Total Change | $- | 31.16% |
Book Value vs Market Value Analysis
This analysis compares Nextdecade Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 667.78x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.01 | $5.98 | x |
| 2015-12-31 | $27.93 | $5.98 | x |
| 2016-12-31 | $25.12 | $5.98 | x |
| 2017-12-31 | $1.02 | $5.98 | x |
| 2018-12-31 | $1.40 | $5.98 | x |
| 2019-12-31 | $1.72 | $5.98 | x |
| 2020-12-31 | $1.47 | $5.98 | x |
| 2021-12-31 | $1.58 | $5.98 | x |
| 2022-12-31 | $1.97 | $5.98 | x |
| 2023-12-31 | $1.48 | $5.98 | x |
| 2024-12-31 | $1.46 | $5.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nextdecade Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 16.96x
- Recent ROE (-16.35%) is above the historical average (-1126.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -12197.49% | 0.00% | 0.00x | 4.94x | $-2.89 Million |
| 2015 | -0.23% | 0.00% | 0.00x | 1.04x | $-11.61 Million |
| 2016 | -0.38% | 0.00% | 0.00x | 1.04x | $-11.74 Million |
| 2017 | -34.27% | 0.00% | 0.00x | 1.13x | $-45.64 Million |
| 2018 | -28.07% | 0.00% | 0.00x | 1.13x | $-56.91 Million |
| 2019 | -19.12% | 0.00% | 0.00x | 1.18x | $-54.63 Million |
| 2020 | -8.30% | -7310714.29% | 0.00x | 1.17x | $-31.60 Million |
| 2021 | -11.70% | 0.00% | 0.00x | 1.18x | $-40.87 Million |
| 2022 | -23.39% | 0.00% | 0.00x | 1.22x | $-85.75 Million |
| 2023 | -56.36% | 0.00% | 0.00x | 11.54x | $-191.05 Million |
| 2024 | -16.35% | 0.00% | 0.00x | 16.96x | $-99.52 Million |
Industry Comparison
This section compares Nextdecade Corp's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nextdecade Corp (NEXT) | $1.98 Billion | -12197.49% | 4.06x | $767.35 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |