Company Analysis

New Fortress Energy Inc. (NFE)

Nasdaq: NFE · Natural Gas Distribution · New York, NY · filing with the SEC since 2018
Grade2.2
◀ Past 3.5● Present 2.0▶ Future 1.6

The grade of New Fortress Energy Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.2/10
◀ Past3.525% of the headline
● Present2.045% of the headline
▶ Future1.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.1/10

Has it survived what it has been through?

12 warning events since 2018; the latest 2026-11-10.

weight 45% of this tense · 11th percentile among 14 sector filers · read for itself

From the record

New Fortress Energy Inc.'s filings since 2018 show 12 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2026-05-07); a warning not to rely on past financial statements (8-K item 4.02, the latest 2026-03-17); a late-report notice (Form NT 10-K or NT 10-Q, 7 times, the latest 2026-11-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.5/10

What has it actually done, year after year?

+40.8% a year over 9 filed years; profitable in 3 of 9.

weight 22% of this tense · 55th percentile among 14 sector filers · read for its customers

From the record

New Fortress Energy Inc.'s 9 filed years say what it did: revenue went from $97 million in fiscal 2017 to $1.5 billion in fiscal 2025, up 40.8% a year; it rose in 6 of 8 years; the deepest fall was 37% from fiscal 2023 to fiscal 2025; net income was positive in 3 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span40.8%top 4% of its family
  • the share of years revenue rosetop 25% of its family
  • the share of filed years with a profitbottom 18% of its family
  • the deepest fall from a revenue peak37.1%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.4/10

How has it treated the people who own it?

Share count grew 9.9% a year. 95% of cash flow returned. Insiders: 0 sales, 1 purchases.

weight 33% of this tense · 54th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, New Fortress Energy Inc.'s diluted share count grew about 9.9% a year, and dividends and buybacks returned about 95% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-10-01 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 12% of its family
  • cash returned against operating cash flowtop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

2.0/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
1.1/10

Is it financially healthy right now?

ROE -592%: lost 592¢ per shareholder dollar. Leverage 97%: owes 97¢ per asset dollar.

weight 45% of this tense · 11th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, New Fortress Energy Inc. lost about 592 cents for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 97 cents per dollar of assets, and net share issuance: its share count grew 27.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 4% of its family
  • return on equitybottom 4% of its family
  • gross profit against assetsbottom 25% of its family
  • the share count against the year beforebottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.6/10

How strong is its position in its industry?

bottom 26% of 14 in its family; net margin -121.8%.

weight 33% of this tense · 26th percentile among 14 sector filers · read for its customers

From the record

New Fortress Energy Inc.'s standing among 14 graded names in its industry family: revenue of $1.5 billion in fiscal 2025 ranks in the bottom 42% by size; a net margin of -121.8% ranks in the bottom 11%; revenue growth of -14% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

What it rests on

  • revenue against the family$1.50Bbottom 42% of its family
  • net margin-121.8%bottom 11% of its family
  • three-year revenue growth-14.0%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.7/10

What are the people in charge doing?

bottom 27% of 9 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 27th percentile among 9 sector filers · read for its shareholders

From the record

New Fortress Energy Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Edens, Wesley R (Chief Executive Officer, as filed), filing under that title since 2019-01-30, 7.8 years (top 28% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 3 months (bottom 6%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 8 peoplebottom 5% of its family
  • the median years the people in charge have filed4 monthsbottom 6% of its family
  • the chief executive's years on the record7.8 yearstop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

1.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 13 in its family for room to expand.

weight 22% of this tense · 51st percentile among 13 sector filers · read for itself

From the record

New Fortress Energy Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $357 million against debt of $1.1 billion leaves -7.1% of its assets as net cash, top 18% of its family; cash from operations less capital spending is -82.1% of revenue (bottom 12%); a gross margin of 38.9% (top 42%) (its annual report).

What it rests on

  • cash less debt against assets-7.1%top 18% of its family
  • cash from operations less capital spending against revenue-82.1%bottom 12% of its family
  • gross margin38.9%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
0.7/10

What could actually drive growth from here?

bottom 7% of 14 in its family for growth drivers.

weight 45% of this tense · 7th percentile among 14 sector filers · read for its customers

From the record

New Fortress Energy Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -14% a year over the last three filed years against 40.8% over all 9, slowing (bottom 4% of its family); the newest year grew -36.3% (bottom 4%); capital spending grew -17.8% a year (bottom 13%) (its annual reports). New Fortress Energy Inc. reported 2 lines of business in fiscal 2024: Terminals and Infrastructure at $2.0 billion, Ships at $171 million. 0 of 2 grew in the latest filed year, and the largest line is 92% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-54.9 points a yearbottom 4% of its family
  • the newest year's revenue growth-36.3%bottom 4% of its family
  • three-year growth of capital spending-17.8%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.6/10

Did its newest year beat what its own record pointed to?

bottom 6% of 13 in its family for expectations against reality.

weight 33% of this tense · 6th percentile among 13 sector filers · read for its shareholders

From the record

New Fortress Energy Inc.'s newest year against its own record: revenue of $1.5 billion in fiscal 2025 came in 36.1% below the $2.4 billion its prior three years' pace pointed to (bottom 4% of its family); net income of $1.8 billion against a prior three-year average of $163 million (bottom 4%); a net margin of a loss larger than its revenue against 6.8% before (bottom 12%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-36.1%bottom 4% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 4% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NFE · research, not advice