NFE · New Fortress Energy Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · NFE

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.50B	$2.36B	$2.41B	$2.37B	$1.32B	$451.65M
Cost of Revenue	$918.60M	$1.06B	$877.45M	$1.01B	$616.01M	$278.77M
Gross Profit	$585.43M	$1.30B	$1.54B	$1.36B	$706.80M	$172.88M
R&D	-	-	-	-	-	-
SG&A	$307.44M	$285.52M	$205.10M	$236.05M	$199.88M	$124.17M
Total Operating Expenses	$2.62B	$1.83B	$1.47B	$1.63B	$1.08B	$607.01M
D&A	$242.35M	$162.53M	$187.32M	$143.59M	$99.54M	$33.30M
Operating Income	($1.12B)	$538.64M	$942.67M	$737.38M	$238.88M	($155.36M)
Interest Expense	$777.85M	$328.38M	$277.84M	$236.86M	$154.32M	$65.72M
Income Tax	$61.35M	$69.51M	$115.51M	($123.44M)	$12.46M	$4.82M
Net Income	($1.83B)	($244.54M)	$547.88M	$194.48M	$97.10M	($182.15M)
EPS - Basic	($6.63)	($1.24)	$2.66	$0.93	($1.71)	-
EPS - Diluted	($6.63)	($1.25)	$2.65	$0.93	($1.71)	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$226.45M	$492.88M	$155.41M	$675.49M	$187.51M	$601.52M
Accounts Receivable	$451.96M	$335.81M	$342.37M	$280.31M	$208.50M	$76.54M
Inventory	$119.45M	$103.22M	$113.68M	$39.07M	$37.18M	$22.86M
Accounts Payable	$731.62M	$473.74M	$549.49M	$80.39M	$68.08M	$21.33M
Current Assets	$1.33B	$1.61B	$979.97M	$1.39B	$584.87M	$762.01M
Total Assets	$10.56B	$12.87B	$10.50B	$7.71B	$6.88B	$1.91B
Current Liabilities	$8.65B	$1.71B	$1.71B	$1.41B	$562.51M	$191.15M
Long-term Debt	$1.11B	$8.36B	$6.51B	$4.48B	$3.76B	$1.24B
Total Liabilities	$10.25B	$10.78B	$8.72B	$6.26B	$4.88B	$1.53B
Stockholders' Equity	$182.65M	$1.88B	$1.64B	$1.29B	$1.79B	$366.96M
Retained Earnings	($1.65B)	$196.36M	$527.99M	$62.08M	($132.40M)	($229.50M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($583.38M)	$586.74M	$824.76M	$355.11M	$84.77M	($125.57M)
Investing Cash Flow	$465.76M	($2.07B)	($2.90B)	($82.73M)	($2.27B)	($157.63M)
Financing Cash Flow	($543.64M)	$2.22B	$1.53B	$321.96M	$1.82B	$819.50M
CapEx	$650.81M	$2.62B	$3.03B	$1.17B	$669.35M	$157.00M
Free Cash Flow	($1.23B)	($2.03B)	($2.21B)	($818.90M)	($584.58M)	($282.56M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	38.9%	55.0%	63.6%	57.3%	53.4%	38.3%
Operating margin	-74.5%	22.8%	39.1%	31.1%	18.1%	-34.4%
EBITDA margin	-58.4%	29.6%	46.8%	37.2%	25.6%	-27.0%
Net margin	-121.8%	-10.3%	22.7%	8.2%	7.3%	-40.3%
Free cash flow margin	-82.1%	-86.0%	-91.4%	-34.6%	-44.2%	-62.6%
FCF / Net income	0.67	8.32	-4.02	-4.21	-6.02	1.55
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	20.4%	12.1%	8.5%	10.0%	15.1%	27.5%
Effective tax rate	-	-	17.4%	-173.8%	11.4%	-
Return on assets	-17.4%	-1.9%	5.2%	2.5%	1.4%	-9.5%
Return on equity	-1003.0%	-13.0%	33.4%	15.1%	5.4%	-49.6%
Return on invested capital	-68.7%	4.2%	9.6%	12.8%	3.8%	-7.6%
Liquidity
Current ratio	0.15	0.94	0.57	0.98	1.04	3.99
Quick ratio	0.14	0.88	0.51	0.96	0.97	3.87
Cash ratio	0.03	0.29	0.09	0.48	0.33	3.15
Leverage
Debt / Equity	6.05	4.45	3.97	3.47	2.10	3.38
Debt / Assets	0.10	0.65	0.62	0.58	0.55	0.65
Debt / EBITDA	-	11.92	5.76	5.08	11.10	-
Interest coverage	-1.4x	1.6x	3.4x	3.1x	1.5x	-2.4x
Equity multiplier	57.79	6.86	6.40	5.97	3.84	5.20
Liabilities / Assets	0.97	0.84	0.83	0.81	0.71	0.80
Efficiency
Asset turnover	0.14	0.18	0.23	0.31	0.19	0.24
Inventory turnover	7.69	10.31	7.72	25.86	16.57	12.19
Days sales outstanding	110d	52d	52d	43d	58d	62d
Days inventory outstanding	47d	35d	47d	14d	22d	30d
Days payable outstanding	291d	162d	229d	29d	40d	28d
Cash conversion cycle	-134d	-75d	-130d	28d	39d	64d
Valuation
P / E	-	-	14.2x	45.6x	-	-
P / B	1.7x	1.8x	4.8x	6.9x	2.7x	0.0x
P / S	0.2x	1.4x	3.2x	3.8x	3.7x	0.0x
EV / EBITDA	-	15.9x	12.5x	14.4x	24.9x	-
Growth
Revenue growth (YoY)	-36.4%	-2.0%	1.9%	79.0%	192.9%	302.2%
Revenue CAGR (3y)	-14.0%	21.4%	74.8%	176.3%	-	-
Revenue CAGR (5y)	27.2%	83.9%	-	-	-	-
Gross profit growth (YoY)	-55.0%	-15.3%	13.1%	92.1%	308.8%	-
Operating income growth (YoY)	-	-42.9%	27.8%	208.7%	-	-165.6%
Net income growth (YoY)	-649.2%	-	181.7%	100.3%	-	-475.1%
EPS growth (YoY)	-430.4%	-	184.9%	-	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	39.3%	7.7%	-169.3%	-40.1%	-106.9%	39.9%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-90.3%	14.4%	27.2%	-28.0%	388.2%	332.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.50B total

Terminals And Infrastructure Segment$1.38B · 92.1%

Ships Segment$119.34M · 7.9%

Product / service

$276.40M total

Cargo Sales$276.40M · 100.0%

Geographic

$1.50B total

Non Us$936.24M · 62.2%

US$567.80M · 37.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-0.81

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

2/9

Weak

✗Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Natural Gas Distribution

Company	Revenue (last FY)	Net margin	ROE
NFG	$2.28B	22.8%	16.8%
NWN	$1.29B	8.8%	7.7%
ATO	$4.70B	25.5%	8.8%
NJR	$1.35B	24.8%	14.0%
LNG	$19.98B	26.7%	67.3%

Comparing New Fortress Energy Inc. against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months · -100.0% YoY

Ex-date	Per share
Sep 13, 2024	$0.1000
Jun 14, 2024	$0.1000
Mar 14, 2024	$0.1000
Dec 12, 2023	$0.1000
Sep 12, 2023	$0.1000
Jun 14, 2023	$0.1000
Mar 16, 2023	$0.1000
Jan 3, 2023	$3.0000
Dec 6, 2022	$0.1000
Sep 6, 2022	$0.1000
Jun 13, 2022	$0.1000
Mar 17, 2022	$0.1000
Dec 6, 2021	$0.1000
Sep 3, 2021	$0.1000
May 28, 2021	$0.1000
Mar 25, 2021	$0.1000
Dec 1, 2020	$0.1000
Sep 3, 2020	$0.1000