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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $326.2M, roughly 1.5× New Fortress Energy Inc.). CLOVER HEALTH INVESTMENTS, CORP. runs the higher net margin — -10.1% vs -259.7%, a 249.5% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs -7.0%). CLOVER HEALTH INVESTMENTS, CORP. produced more free cash flow last quarter ($-69.0M vs $-134.8M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs -26.8%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
CLOV vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $326.2M |
| Net Profit | $-49.3M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | -10.1% | -193.0% |
| Net Margin | -10.1% | -259.7% |
| Revenue YoY | 44.7% | -7.0% |
| Net Profit YoY | -123.2% | -277.4% |
| EPS (diluted) | — | $-3.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $487.7M | $326.2M | ||
| Q3 25 | $496.6M | $240.3M | ||
| Q2 25 | $477.6M | $228.1M | ||
| Q1 25 | $462.3M | $384.9M | ||
| Q4 24 | $337.0M | $350.7M | ||
| Q3 24 | $331.0M | $446.0M | ||
| Q2 24 | $356.3M | $291.2M | ||
| Q1 24 | $346.9M | $609.5M |
| Q4 25 | $-49.3M | $-847.1M | ||
| Q3 25 | $-24.4M | $-263.0M | ||
| Q2 25 | $-10.6M | $-546.5M | ||
| Q1 25 | $-1.3M | $-175.4M | ||
| Q4 24 | $-22.1M | $-224.4M | ||
| Q3 24 | $-9.2M | $9.3M | ||
| Q2 24 | $7.4M | $-88.9M | ||
| Q1 24 | $-19.2M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | 24.5% | 27.1% | ||
| Q2 24 | 30.3% | 23.8% | ||
| Q1 24 | 23.6% | 62.4% |
| Q4 25 | -10.1% | -193.0% | ||
| Q3 25 | -4.9% | -37.4% | ||
| Q2 25 | -2.2% | -170.3% | ||
| Q1 25 | -0.3% | -3.3% | ||
| Q4 24 | -6.4% | 65.0% | ||
| Q3 24 | -2.7% | 17.8% | ||
| Q2 24 | 2.0% | 12.3% | ||
| Q1 24 | -6.5% | 30.4% |
| Q4 25 | -10.1% | -259.7% | ||
| Q3 25 | -4.9% | -109.4% | ||
| Q2 25 | -2.2% | -239.6% | ||
| Q1 25 | -0.3% | -45.6% | ||
| Q4 24 | -6.6% | -64.0% | ||
| Q3 24 | -2.8% | 2.1% | ||
| Q2 24 | 2.1% | -30.5% | ||
| Q1 24 | -5.5% | 8.9% |
| Q4 25 | — | $-3.03 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-1.99 | ||
| Q1 25 | — | $-0.65 | ||
| Q4 24 | — | $-1.10 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.42 | ||
| Q1 24 | — | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $308.7M | $182.6M |
| Total Assets | $541.0M | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $226.5M | ||
| Q3 25 | — | $145.2M | ||
| Q2 25 | — | $551.1M | ||
| Q1 25 | — | $447.9M | ||
| Q4 24 | $194.5M | $492.9M | ||
| Q3 24 | $288.0M | $90.8M | ||
| Q2 24 | $254.8M | $133.0M | ||
| Q1 24 | $208.3M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $308.7M | $182.6M | ||
| Q3 25 | $340.9M | $1.1B | ||
| Q2 25 | $344.2M | $1.3B | ||
| Q1 25 | $336.1M | $1.8B | ||
| Q4 24 | $341.1M | $1.9B | ||
| Q3 24 | $342.2M | $1.6B | ||
| Q2 24 | $324.9M | $1.6B | ||
| Q1 24 | $292.5M | $1.7B |
| Q4 25 | $541.0M | $10.6B | ||
| Q3 25 | $559.7M | $12.0B | ||
| Q2 25 | $575.0M | $12.0B | ||
| Q1 25 | $583.7M | $13.1B | ||
| Q4 24 | $580.7M | $12.9B | ||
| Q3 24 | $653.0M | $12.0B | ||
| Q2 24 | $674.2M | $11.4B | ||
| Q1 24 | $671.8M | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $-76.2M |
| Free Cash FlowOCF − Capex | $-69.0M | $-134.8M |
| FCF MarginFCF / Revenue | -14.1% | -41.3% |
| Capex IntensityCapex / Revenue | 0.4% | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $-76.2M | ||
| Q3 25 | $12.1M | $-171.0M | ||
| Q2 25 | $5.4M | $-329.0M | ||
| Q1 25 | $-16.3M | $-7.2M | ||
| Q4 24 | $34.8M | $445.3M | ||
| Q3 24 | $50.0M | $-20.0M | ||
| Q2 24 | $44.8M | $113.9M | ||
| Q1 24 | $25.9M | $63.0M |
| Q4 25 | $-69.0M | $-134.8M | ||
| Q3 25 | $11.4M | $-231.6M | ||
| Q2 25 | $4.8M | $-726.7M | ||
| Q1 25 | $-16.5M | $-262.3M | ||
| Q4 24 | $33.3M | $-210.3M | ||
| Q3 24 | $49.6M | $-367.0M | ||
| Q2 24 | $44.4M | $-493.2M | ||
| Q1 24 | $25.5M | $-457.9M |
| Q4 25 | -14.1% | -41.3% | ||
| Q3 25 | 2.3% | -96.4% | ||
| Q2 25 | 1.0% | -318.6% | ||
| Q1 25 | -3.6% | -68.2% | ||
| Q4 24 | 9.9% | -60.0% | ||
| Q3 24 | 15.0% | -82.3% | ||
| Q2 24 | 12.5% | -169.3% | ||
| Q1 24 | 7.3% | -75.1% |
| Q4 25 | 0.4% | 18.0% | ||
| Q3 25 | 0.1% | 25.2% | ||
| Q2 25 | 0.1% | 174.4% | ||
| Q1 25 | 0.0% | 66.3% | ||
| Q4 24 | 0.5% | 187.0% | ||
| Q3 24 | 0.1% | 77.8% | ||
| Q2 24 | 0.1% | 208.4% | ||
| Q1 24 | 0.1% | 85.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | 6.04× | — | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
