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New Fortress Energy Inc. (NFE) 10-Year Financial Performance & Capital Metrics

NFE • • Utilities
UtilitiesGas UtilitiesRenewable & Alternative GasLNG & Gas-to-Power
AboutNew Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.Show more
  • Revenue $2.36B -2.0%
  • EBITDA $701M -37.9%
  • Net Income -$249M -145.5%
  • Free Cash Flow -$2.03B +7.7%
  • EBITDA Margin 29.65% -36.7%
  • Net Margin -10.53% -146.4%
  • ROE -13.19% -138.7%
  • Interest Coverage 1.64 -51.7%
  • Debt/Equity 4.75 +14.6%
  • Net Debt/EBITDA 12.84 +101.0%
  • CapEx / Revenue 110.84% -11.7%
  • CapEx Coverage 0.22 -17.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 4.8x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗High leverage: 13.5x Debt/EBITDA
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y65.73%
3Y21.37%
TTM-27.23%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-766.94%

EPS CAGR

10Y-
5Y-
3Y-
TTM-641.22%

ROCE

10Y Avg-4.72%
5Y Avg3.72%
3Y Avg8%
Latest5.4%

Peer Comparison

LNG & Gas-to-Power
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NFENew Fortress Energy Inc.398.37M1.40-1.12-2.01%-71.9%-113.76%4.75

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+21.39M97.26M112.3M189.13M451.65M1.32B2.37B2.41B2.36B
Revenue Growth %-3.55%0.15%0.68%1.39%1.93%0.79%0.02%-0.02%
Cost of Revenue27.95M86.15M105.33M210.26M326.35M741M1.18B1.28B1.27B
Gross Profit+-6.56M11.11M6.97M-21.13M125.3M581.81M1.19B1.14B1.09B
Gross Margin %---------
Gross Profit Growth %-2.69%-0.37%-4.03%6.93%3.64%1.04%-0.04%-0.04%
Operating Expenses+20.5M36.1M65.46M166.14M280.66M342.93M378.69M205.1M553.87M
Other Operating Expenses---------
EBITDA+-24.67M-21.78M-54.45M-178.63M-122.12M338.42M528.3M1.13B701.16M
EBITDA Margin %---------
EBITDA Growth %-0.12%-1.5%-2.28%0.32%3.77%0.56%1.14%-0.38%
Depreciation & Amortization+2.39M3.21M4.03M8.64M33.24M99.54M142.64M187.32M162.53M
D&A / Revenue %---------
Operating Income (EBIT)+-27.06M-24.99M-58.49M-187.28M-155.36M238.88M385.66M942.67M538.64M
Operating Margin %---------
Operating Income Growth %-0.08%-1.34%-2.2%0.17%2.54%0.61%1.44%-0.43%
Interest Expense+5.11M6.46M11.25M19.41M65.72M154.32M236.86M277.84M328.38M
Interest Coverage-5.30x-3.87x-5.20x-9.65x-2.36x1.55x1.63x3.39x1.64x
Interest / Revenue %---------
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income+-33.29M-31.14M-78.52M-203.88M-259.15M105.17M61.35M664.39M-172.88M
Pretax Margin %---------
Income Tax+-361K526K-338K439K4.82M12.46M-123.44M115.51M69.51M
Effective Tax Rate %---------
Net Income+-32.93M-31.67M-78.18M-33.81M-182.15M97.1M194.48M547.88M-249.04M
Net Margin %---------
Net Income Growth %-0.04%-1.47%0.57%-4.39%1.53%1%1.82%-1.45%
EPS (Diluted)+-0.48-0.47-1.15-0.54-1.710.480.932.65-1.25
EPS Growth %-0.02%-1.45%0.53%-2.17%1.28%0.94%1.85%-1.47%
EPS (Basic)-0.48-0.49-1.15-0.54-1.710.490.932.66-1.24
Diluted Shares Outstanding67.92M67.92M67.92M62.63M106.66M201.7M209.85M206.48M218.62M

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+389.05M381.19M699.4M1.12B1.91B6.88B7.71B10.5B12.87B
Asset Growth %--0.02%0.83%0.61%0.7%2.6%0.12%0.36%0.23%
PP&E (Net)+167.62M198.84M451.76M772.25M1.03B4.09B4.91B8.42B10.04B
PP&E / Total Assets %---------
Total Current Assets+211.88M154.95M153.78M211.12M762.01M584.87M1.39B979.97M1.61B
Cash & Equivalents180.65M84.71M78.3M27.1M601.52M187.51M675.49M155.41M492.88M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory7.66M11.15M15.96M63.43M22.86M37.18M39.07M113.68M103.22M
Other Current Assets3.66M13.62M11.71M53.49M44.16M95.37M297.7M246.1M503.89M
Long-Term Investments3.36M6.33M3.66M2.54M1.26M1.2B410.11M137.79M143.63M
Goodwill00000760.13M776.76M776.76M766.35M
Intangible Assets0064.93M61.3M46.1M142.94M85.9M51.81M179.51M
Other Assets5.83M21.06M25.1M76.57M71.27M87.5M123.87M126.9M129.27M
Total Liabilities99.68M102.28M416.75M736.49M1.53B4.88B6.26B8.72B10.87B
Total Debt+80.39M75.25M272.19M619.06M1.36B4.14B4.89B7.37B9.5B
Net Debt-100.27M-9.46M193.89M591.96M757.84M3.95B4.22B7.22B9.01B
Long-Term Debt74.56M69.42M0619.06M1.24B3.76B4.48B6.51B8.36B
Short-Term Borrowings1000K1000K1000K001000K1000K1000K1000K
Capital Lease Obligations0000119.8M281.17M350.86M571.04M603.52M
Total Current Liabilities+24.48M32.1M404.75M102.26M191.15M562.51M1.41B1.71B1.71B
Accounts Payable5.28M6.35M43.18M11.59M21.33M68.08M80.39M549.49M473.74M
Accrued Expenses7.02M8.88M54.93M39.95M73.01M216.1M498.36M430.32M353.94M
Deferred Revenue0000028.66M12.75M65.29M14.41M
Other Current Liabilities3.94M8.95M29.98M40.47M61.33M87M64.11M140.4M97.69M
Deferred Taxes0160K0241K1000K1000K1000K1000K1000K
Other Liabilities648K596K12M14.93M15.64M58.48M49.01M23.93M245.18M
Total Equity+289.37M278.91M282.65M387.32M375.09M1.99B1.44B1.78B2B
Equity Growth %--0.04%0.01%0.37%-0.03%4.32%-0.28%0.23%0.12%
Shareholders Equity289.37M278.91M268.31M84.81M366.96M1.79B1.29B1.64B1.88B
Minority Interest0014.34M302.52M8.13M202.48M152.04M137.78M122.66M
Common Stock336.68M406.59M426.74M130.66M1.75M2.07M2.09M2.05M2.66M
Additional Paid-in Capital336.68M406.59M426.74M0594.53M1.92B1.17B1.04B1.67B
Retained Earnings-48.68M-80.35M-158.42M-45.82M-229.5M-132.4M62.08M527.99M196.36M
Accumulated OCI1.36M2.67M-11K-30K182K-2.08M55.4M71.53M3.09M
Return on Assets (ROA)-0.08%-0.08%-0.14%-0.04%-0.12%0.02%0.03%0.06%-0.02%
Return on Equity (ROE)-0.11%-0.11%-0.28%-0.1%-0.48%0.08%0.11%0.34%-0.13%
Debt / Equity0.28x0.27x0.96x1.60x3.62x2.07x3.39x4.15x4.75x
Debt / Assets0.21%0.2%0.39%0.55%0.71%0.6%0.63%0.7%0.74%
Net Debt / EBITDA-----11.67x7.98x6.39x12.84x
Book Value per Share4.264.114.166.183.529.896.878.619.14

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-43.49M-54.89M-93.23M-234.26M-125.57M84.77M355.11M824.76M586.74M
Operating CF Growth %--0.26%-0.7%-1.51%0.46%1.68%3.19%1.32%-0.29%
Operating CF / Revenue %---------
Net Income-32.93M-31.67M-78.08M-33.81M-182.15M97.1M194.48M547.88M-270.11M
Depreciation & Amortization3.16M3.91M8.06M14.51M43.82M113.66M146.13M193.91M195.7M
Deferred Taxes000000000
Other Non-Cash Items10.65M1.75M15.41M-163.46M36.99M2.34M156.67M-29.93M647.63M
Working Capital Changes-24.38M-28.88M-38.62M-92.96M-32.98M-165.38M-172.54M111.31M-37.11M
Capital Expenditures+-96.33M-28.73M-181.15M-377.05M-157M-2.27B-1.17B-3.03B-2.62B
CapEx / Revenue %---------
CapEx / D&A---------
CapEx Coverage (OCF/CapEx)---------
Cash from Investing+-104.04M-29.86M-184.46M-376.16M-157.63M-2.27B-82.73M-2.9B-2.07B
Acquisitions00-4.03M00-1.59B000
Purchase of Investments000000000
Sale of Investments000000000
Other Investing-7.71M-1.13M724K887K-636K-9.35M1.09B125.69M546.59M
Cash from Financing+277.7M13.96M260.2M602.61M819.5M1.82B321.96M1.53B2.22B
Dividends Paid0000-33.74M-88.76M-99.05M-723.96M-65.31M
Dividend Payout Ratio %-----0.91%0.51%1.32%-
Debt Issuance (Net)-1000K-1000K1000K1000K1000K1000K1000K1000K1000K
Stock Issued000000000
Share Repurchases0000-6.41M-30.12M000
Other Financing299.55M19.79M56.12M259.75M254.39M-37.81M-90.2M-65.97M225.61M
Net Change in Cash+180.65M-62.32M-17.48M-7.82M536.3M-365.31M591.05M-544.27M654.76M
Exchange Rate Effect000001000K-1000K1000K-1000K
Cash at Beginning0180.65M118.33M100.85M93.03M629.34M264.03M855.08M310.81M
Cash at End180.65M118.33M100.85M93.03M629.34M264.03M855.08M310.81M965.58M
Free Cash Flow+-139.82M-83.62M-274.38M-611.31M-282.56M-2.19B-818.9M-2.21B-2.03B
FCF Growth %-0.4%-2.28%-1.23%0.54%-6.75%0.63%-1.69%0.08%
FCF Margin %---------
FCF / Net Income %---------

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)-11.38%-11.15%-27.84%-10.09%-47.78%8.2%11.32%34.03%-13.19%
EBITDA Margin-115.3%-22.39%-48.49%-94.45%-27.04%25.58%22.31%46.82%29.65%
Net Debt / EBITDA-----11.67x7.98x6.39x12.84x
Interest Coverage-5.30x-3.87x-5.20x-9.65x-2.36x1.55x1.63x3.39x1.64x
CapEx / Revenue450.22%29.54%161.31%199.37%34.76%171.87%49.57%125.55%110.84%
Dividend Payout Ratio-----91.4%50.93%132.14%-
Debt / Equity0.28x0.27x0.96x1.60x3.62x2.07x3.39x4.15x4.75x
EPS Growth-2.08%-144.68%53.04%-216.67%128.07%93.75%184.95%-147.17%

Revenue by Segment

201920202021202220232024
Cargo Sales--462.69M--291M
Cargo Sales Growth------
Incentive Fees-----15.71M
Incentive Fees Growth------
Interest Income and Other Revenue--35.26M32.47M26.34M-
Interest Income and Other Revenue Growth----7.92%-18.87%-
Development Services-129.75M125.92M---
Development Services Growth---2.95%---
Power and Steam-23.06M----
Power and Steam Growth------
Lease and Other Revenue-3.59M----
Lease and Other Revenue Growth------

Revenue by Geography

201920202021202220232024
Non-US---2.12B1.35B1.32B
Non-US Growth-----36.25%-2.47%
UNITED STATES---246.63M1.06B1.05B
UNITED STATES Growth----330.07%-1.42%
Outside of United States167.74M315.95M1.12B---
Outside of United States Growth-88.36%254.28%---
United States21.39M135.7M203.48M---
United States Growth-534.54%49.94%---

Frequently Asked Questions

Growth & Financials

New Fortress Energy Inc. (NFE) reported $1.78B in revenue for fiscal year 2024. This represents a 8213% increase from $21.4M in 2016.

New Fortress Energy Inc. (NFE) saw revenue decline by 2.0% over the past year.

New Fortress Energy Inc. (NFE) reported a net loss of $1.28B for fiscal year 2024.

Dividend & Returns

Yes, New Fortress Energy Inc. (NFE) pays a dividend with a yield of 21.34%. This makes it attractive for income-focused investors.

New Fortress Energy Inc. (NFE) has a return on equity (ROE) of -13.2%. Negative ROE indicates the company is unprofitable.

New Fortress Energy Inc. (NFE) had negative free cash flow of $783.4M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

New Fortress Energy Inc. (NFE) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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