NFENasdaqNatural Gas DistributionFiscal year ends December 31Also trades as NFEGP
New Fortress Energy Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$3.80−0.35 (-8.43%)
Close on Oct 19, 2026
- Market cap
- $1.09B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
38.9%+0.6 pts over 5 years
Operating margin
-74.5%−40.1 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -36.2% | -14.0% | +27.2% | – | |
| Gross profit | -54.7% | -24.5% | +27.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -80.6% | – | |
| Return on assets | – | -12.0% | – | |
| Current ratio | – | 3.99 | 0.15 | |
| Debt to equity | – | 3.38 | 45.18 | |
| Net debt to EBITDA | – | -5.00× | -9.14× | |
| Interest coverage | – | -2.4× | -1.4× | |
| Inventory turnover | – | 6.5× | 8.3× | |
| Capex to revenue | – | 34.8% | 43.3% | |
| Diluted shares | – | 107M | 278M |
Where the cash went
Fiscal 2021 to 2025, five years combined
New Fortress Energy generated $2.44B from operations and spent $8.53B on capital expenditure, dividends and share buybacks. 88% of that went back into the business.
Generated
$2.44B
Used
$8.53B
Capital expenditure$7.54B88%Dividends$980.55M12%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.9%
×Asset turnover0.26×
×Equity multiplier6.22×
=Return on equity, FY202337.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 22.9% | 0.26× | 6.22× | 37.4% |
| FY2022 | 8.2% | 0.32× | 4.73× | 12.6% |
| FY2021 | 7.3% | 0.30× | 4.07× | 9.0% |
| FY2020 | -40.3% | 0.30× | 6.71× | -80.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$583.38M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-$583.38M vs –
- Less leverageLong-term debt to assets fell64.7% → 10.5%
- Better liquidityCurrent ratio rose0.92 → 0.15
- No dilutionShare count did not rise219M → 278M
- Gross margin improvedGross margin up on the prior year54.85% → 38.92%
- More efficientAsset turnover rose0.22 → 0.12