NFE (New Fortress Energy Inc.) Stock Financials & Earnings | Market Cap Arena

NFE (New Fortress Energy Inc.) Stock Financials & Earnings | Market Cap Arena

NFENew Fortress Energy Inc.

Mkt Cap$307M

Utilities·Regulated Gas·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.8B

Net Income (TTM)-$1.3B

EPS (TTM)-$4.93

Free Cash Flow (TTM)-$1.7B

Gross Margin31.3%

Op. Margin-15.7%

Net Margin-71.8%

FCF Margin-97.4%

P/S Ratio (TTM)0.2x

P/E Ratio (TTM)—

YoY Rev Growth-27.2%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$546M	$369M	$250M
Q1 23	$579M	$354M	$267M
Q2 23	$561M	$290M	$191M
Q3 23	$514M	$250M	$150M
Q4 23	$758M	$429M	$335M
Q1 24	$690M	$384M	$185M
Q2 24	$428M	$160M	$44M
Q3 24	$568M	$199M	$80M
Q4 24	$679M	$344M	$230M
Q1 25	$471M	$108M	-$18M
Q2 25	$302M	$32M	-$387M
Q3 25	$327M	$73M	-$104M

Valuation

Quarter	P/S	P/E
Q4 22	0.1x	1.6x
Q1 23	0.1x	2.9x
Q2 23	0.1x	0.8x
Q3 23	0.1x	0.8x
Q4 23	0.1x	0.6x
Q1 24	0.1x	0.7x
Q2 24	0.1x	1.3x
Q3 24	0.1x	1.6x
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.2x	—
Q3 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$264M	-$123M
Q1 23	$200M	-$363M
Q2 23	$304M	-$599M
Q3 23	$33M	-$693M
Q4 23	$288M	-$551M
Q1 24	$70M	-$613M
Q2 24	$93M	-$570M
Q3 24	-$17M	-$452M
Q4 24	$441M	-$399M
Q1 25	-$32M	-$372M
Q2 25	-$352M	-$665M
Q3 25	-$191M	-$297M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$387M
Q1 23	$563M
Q2 23	$902M
Q3 23	$726M
Q4 23	$838M
Q1 24	$683M
Q2 24	$663M
Q3 24	$435M
Q4 24	$840M
Q1 25	$340M
Q2 25	$312M
Q3 25	$106M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-15.8%	-31.1%
Q1 23	+14.7%	-7.9%
Q2 23	-4.0%	-17.9%
Q3 23	-29.7%	-33.1%
Q4 23	+38.8%	+43.1%
Q1 24	+19.2%	+62.2%
Q2 24	-23.8%	+3.6%
Q3 24	+10.3%	+33.7%
Q4 24	-10.5%	+6.0%
Q1 25	-31.8%	-3.3%
Q2 25	-29.5%	+79.6%
Q3 25	-42.3%	-11.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$30M	5.6%
Q1 23	$0	0.0%
Q2 23	$1M	0.3%
Q3 23	$0	0.0%
Q4 23	$167K	0.0%
Q1 24	$5M	0.8%
Q2 24	$20M	4.7%
Q3 24	$23M	4.0%
Q4 24	$3M	0.4%
Q1 25	-$229K	-0.0%
Q2 25	$5M	1.7%
Q3 25	$11M	3.2%

OpEx Breakdown

Quarter	SG&A
Q4 22	$70M
Q1 23	$52M
Q2 23	$56M
Q3 23	$49M
Q4 23	$48M
Q1 24	$71M
Q2 24	$71M
Q3 24	$82M
Q4 24	$62M
Q1 25	$59M
Q2 25	$57M
Q3 25	$86M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$675M	$0	$675M
Q1 23	$297M	$0	$297M
Q2 23	$104M	$0	$104M
Q3 23	$171M	$0	$171M
Q4 23	$155M	$0	$155M
Q1 24	$143M	$0	$143M
Q2 24	$133M	$0	$133M
Q3 24	$91M	$0	$91M
Q4 24	$493M	$0	$493M
Q1 25	$448M	$0	$448M
Q2 25	$551M	$0	$551M
Q3 25	$145M	$0	$145M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	210M	-0.0%
Q1 23	209M	-0.2%
Q2 23	206M	-1.7%
Q3 23	205M	-0.3%
Q4 23	206M	+0.3%
Q1 24	206M	+0.2%
Q2 24	206M	-0.1%
Q3 24	209M	+1.5%
Q4 24	218M	+4.2%
Q1 25	274M	+25.8%
Q2 25	274M	+0.3%
Q3 25	281M	+2.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	$802K	140
FY 19	$941K	201
FY 20	$2M	231
FY 21	$2M	671
FY 22	$4M	577
FY 23	$4M	677
FY 24	$4M	628