New Fortress Energy Inc. (NFE) Revenue History
Annual and quarterly revenue from 2016 to present
NFE Revenue Over Time (2016–2025)
NFE Revenue Growth History
7 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +354.6%
- FY2018 revenue growth
- +15.5%
- FY2019 revenue growth
- +68.4%
- FY2020 revenue growth
- +138.8%
- FY2021 revenue growth
- +192.9%
- FY2022 revenue growth
- +79.0%
- FY2023 revenue growth
- +1.9%
- FY2024 revenue growth
- -2.0%
- FY2025 revenue growth
- -36.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $227.0M | -51.9% |
| Q4 2025 | $395.7M | -41.7% |
| Q3 2025 | $327.4M | -42.3% |
| Q2 2025 | $301.7M | -29.5% |
| Q1 2025 | $472.3M | -31.6% |
| Q4 2024 | $679.0M | -10.5% |
| Q3 2024 | $567.5M | +10.3% |
| Q2 2024 | $428.0M | -23.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
NFE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NFE Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 23, 2026, New Fortress Energy Inc. (NFE) generated trailing twelve-month (TTM) revenue of $1.25 billion, reflecting significant decline in growth of -51.9% year-over-year. The most recent quarter (Q1 2026) recorded $227.0 million in revenue, down 42.7% sequentially.
Historical Growth Trajectory
NFE's 5-year compound annual growth rate (CAGR) stands at +27.2%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -14.0% is below the 5-year average, signalling a growth deceleration in recent years. New Fortress Energy Inc.'s highest annual revenue of $2.41 billion was recorded in 2023.
Revenue by Segment
NFE's revenue is primarily driven by Cargo Sales (95%), and Incentive Fees (5%). With over half of revenue concentrated in Cargo Sales, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Utilities sector peers — including GLNG (+81.7% YoY), FLNG (-4.2% YoY), and CLCO (-1.7% YoY) — NFE has underperformed the peer group in revenue growth. Compare NFE vs GLNG →
NFE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NFECurrent | $1.3B | -51.9% | +27.2% | -11.3% | |
 GLNG | $394M | +81.7% | -2.1% | 34.4% | |
 FLNG | $348M | -4.2% | +16.1% | 50.6% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 LNG | $19.6B | +24.8% | +15.9% | 27.0% | |
 CQP | $10.8B | +21.0% | +11.8% | 33.3% |
NFE Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.50B | -36.4% | $136.8M | 9.1% | $-170,621,000 | -11.3% |
| 2024 | $2.36B | -2.0% | $1.10B | 46.7% | $538.6M | 22.8% |
| 2023 | $2.41B | +1.9% | $1.30B | 54.0% | $942.7M | 39.1% |
| 2022 | $2.37B | +79.0% | $1.15B | 48.6% | $737.4M | 31.1% |
| 2021 | $1.32B | +192.9% | $556.7M | 42.1% | $238.9M | 18.1% |
| 2020 | $451.6M | +138.8% | $125.3M | 27.7% | $-155,358,000 | -34.4% |
| 2019 | $189.1M | +68.4% | $-21,133,000 | -11.2% | $-187,275,000 | -99.0% |
| 2018 | $112.3M | +15.5% | $7.0M | 6.2% | $-58,488,000 | -52.1% |
| 2017 | $97.3M | +354.6% | $11.1M | 11.4% | $-24,990,000 | -25.7% |
| 2016 | $21.4M | - | $-6,557,000 | -30.6% | $-27,058,000 | -126.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NFE — Frequently Asked Questions
Quick answers to the most common questions about buying NFE stock.
Is NFE's revenue growth accelerating or slowing?
NFE revenue is declining -51.9% year-over-year. TTM revenue fell to $1.3B, contrasting with the 5-year CAGR of +27.2%. The reversal reflects either macro headwinds or company-specific challenges.
What is NFE's revenue history from 2016 to 2026?
New Fortress Energy Inc. (NFE) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $1.3B, growing at -51.9% YoY. The 5-year CAGR is +27.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NFE's long-term revenue growth rate (CAGR)?
New Fortress Energy Inc.'s 5-year revenue CAGR of +27.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -51.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NFE.
Why does NFE's quarterly revenue fluctuate?
NFE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. New Fortress Energy Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is NFE's revenue distributed by segment?
NFE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NFE's revenue compare to industry peers?
New Fortress Energy Inc. (NFE) with TTM revenue of $1.3B and -51.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.