New Fortress Energy Inc Class A (NFE) financials
New Fortress Energy revenue and earnings by year
New Fortress Energy's revenue was $1.50 billion in the fiscal year to December 31, 2025, down 36.2% from the year before. Net income was -$1.84 billion, -122.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 60.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.50 | 2.36 | 2.39 | 2.37 | 1.32 | 0.45 | 0.19 | 0.11 | 0.10 | 0.02 |
| Revenue growth | -36.2% | -1.3% | 0.9% | 79.0% | 192.9% | 138.8% | 68.4% | 15.5% | 354.6% | — |
| Gross profit | 0.56 | 1.26 | 1.47 | 1.29 | 0.66 | 0.17 | 0.01 | 0.02 | 0.02 | -0.00 |
| Gross margin | 37.2% | 53.4% | 61.3% | 54.7% | 49.5% | 38.3% | 3.0% | 14.7% | 19.1% | -6.3% |
| Operating income | -1.79 | 0.61 | 0.91 | 0.74 | 0.24 | -0.16 | -0.19 | -0.06 | -0.02 | -0.03 |
| Operating margin | -119.1% | 25.8% | 38.0% | 31.1% | 18.1% | -34.4% | -99.0% | -52.1% | -25.7% | -126.5% |
| Net income | -1.84 | -0.27 | 0.55 | 0.19 | 0.10 | -0.18 | -0.03 | -0.08 | -0.03 | -0.03 |
| Net margin | -122.7% | -11.5% | 22.9% | 8.2% | 7.3% | -40.3% | -17.9% | -69.5% | -32.6% | -153.9% |
| Diluted EPS | -$331.50 | -$63.00 | $132.50 | $46.50 | $23.50 | -$85.50 | — | — | — | — |
| Free cash flow | -1.08 | -1.14 | -2.08 | -0.82 | -0.58 | -0.28 | -0.61 | -0.27 | -0.08 | -0.14 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NFE in Markets.
How New Fortress Energy makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Terminals & Infrastructure | $299M | 95.8% |
| Ships | $13.3M | 4.2% |
See also: NFE valuation and P/E history · NFE returns
No forecast, no recommendation. This page describes New Fortress Energy Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.