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Side-by-side financial comparison of Diversified Energy Co (DEC) and Nomad Foods Ltd (NOMD). Click either name above to swap in a different company.

Nomad Foods Ltd is the larger business by last-quarter revenue ($834.9M vs $666.5M, roughly 1.3× Diversified Energy Co). Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $272.4M).

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

DEC vs NOMD — Head-to-Head

Bigger by revenue
NOMD
NOMD
1.3× larger
NOMD
$834.9M
$666.5M
DEC
More free cash flow
DEC
DEC
$7.6M more FCF
DEC
$280.0M
$272.4M
NOMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DEC
DEC
NOMD
NOMD
Revenue
$666.5M
$834.9M
Net Profit
$195.5M
Gross Margin
25.6%
Operating Margin
37.6%
9.1%
Net Margin
29.3%
Revenue YoY
-2.6%
Net Profit YoY
EPS (diluted)

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.

Revenue
DEC
DEC
NOMD
NOMD
Q4 25
$666.5M
$834.9M
Q3 25
$499.8M
Q2 25
$600.3M
Q4 24
$856.9M
Q4 23
$821.7M
Q4 22
$810.2M
Net Profit
DEC
DEC
NOMD
NOMD
Q4 25
$195.5M
Q3 25
$171.1M
Q2 25
$297.7M
Q4 24
$55.5M
Q4 23
$26.7M
Q4 22
$40.1M
Gross Margin
DEC
DEC
NOMD
NOMD
Q4 25
25.6%
Q3 25
Q2 25
44.7%
Q4 24
28.5%
Q4 23
27.3%
Q4 22
25.7%
Operating Margin
DEC
DEC
NOMD
NOMD
Q4 25
37.6%
9.1%
Q3 25
36.2%
Q2 25
48.5%
Q4 24
11.5%
Q4 23
8.8%
Q4 22
8.7%
Net Margin
DEC
DEC
NOMD
NOMD
Q4 25
29.3%
Q3 25
34.2%
Q2 25
49.6%
Q4 24
6.5%
Q4 23
3.2%
Q4 22
4.9%
EPS (diluted)
DEC
DEC
NOMD
NOMD
Q4 25
Q3 25
$2.14
Q2 25
$3.67
Q4 24
Q4 23
Q4 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DEC
DEC
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
$29.7M
Total DebtLower is stronger
$2.7B
$2.5B
Stockholders' EquityBook value
$984.1M
$2.7B
Total Assets
$6.2B
$6.8B
Debt / EquityLower = less leverage
2.76×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DEC
DEC
NOMD
NOMD
Q4 25
$29.7M
Q3 25
Q2 25
$23.7M
Q4 24
Q4 23
Q4 22
$399.0M
Total Debt
DEC
DEC
NOMD
NOMD
Q4 25
$2.7B
$2.5B
Q3 25
Q2 25
Q4 24
$2.4B
Q4 23
$2.3B
Q4 22
$2.3B
Stockholders' Equity
DEC
DEC
NOMD
NOMD
Q4 25
$984.1M
$2.7B
Q3 25
Q2 25
$727.7M
Q4 24
$2.9B
Q4 23
$2.8B
Q4 22
$2.8B
Total Assets
DEC
DEC
NOMD
NOMD
Q4 25
$6.2B
$6.8B
Q3 25
Q2 25
$5.7B
Q4 24
$6.9B
Q4 23
$6.9B
Q4 22
$6.8B
Debt / Equity
DEC
DEC
NOMD
NOMD
Q4 25
2.76×
0.92×
Q3 25
Q2 25
Q4 24
0.82×
Q4 23
0.82×
Q4 22
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DEC
DEC
NOMD
NOMD
Operating Cash FlowLast quarter
$464.6M
$357.2M
Free Cash FlowOCF − Capex
$280.0M
$272.4M
FCF MarginFCF / Revenue
42.0%
32.6%
Capex IntensityCapex / Revenue
27.7%
10.2%
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DEC
DEC
NOMD
NOMD
Q4 25
$464.6M
$357.2M
Q3 25
Q2 25
$264.1M
Q4 24
$470.2M
Q4 23
$465.3M
Q4 22
$328.1M
Free Cash Flow
DEC
DEC
NOMD
NOMD
Q4 25
$280.0M
$272.4M
Q3 25
Q2 25
Q4 24
$383.5M
Q4 23
$376.3M
Q4 22
$242.7M
FCF Margin
DEC
DEC
NOMD
NOMD
Q4 25
42.0%
32.6%
Q3 25
Q2 25
Q4 24
44.8%
Q4 23
45.8%
Q4 22
30.0%
Capex Intensity
DEC
DEC
NOMD
NOMD
Q4 25
27.7%
10.2%
Q3 25
Q2 25
Q4 24
10.1%
Q4 23
10.8%
Q4 22
10.5%
Cash Conversion
DEC
DEC
NOMD
NOMD
Q4 25
2.38×
Q3 25
Q2 25
0.89×
Q4 24
8.47×
Q4 23
17.44×
Q4 22
8.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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