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.
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% | 364.4% |
| Revenue CAGR (3y) | -14.0% | 21.4% | 74.8% | 189.8% | - | - |
| Revenue CAGR (5y) | 27.2% | 89.3% | - | - | - | - |
| Gross profit growth (YoY) | -55.0% | -15.3% | 13.1% | 92.1% | 308.8% | 831.0% |
| Operating income growth (YoY) | - | -42.9% | 27.8% | 208.7% | - | -521.7% |
| 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% | -131.7% |
| 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 totalTerminals And Infrastructure Segment$1.38B · 92.1%
Ships Segment$119.34M · 7.9%
Product / service
$276.40M totalCargo Sales$276.40M · 100.0%
Geographic
$1.50B totalNon 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
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 |