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Side-by-side financial comparison of Fastly, Inc. (FSLY) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $172.6M, roughly 1.9× Fastly, Inc.). Fastly, Inc. runs the higher net margin — -9.0% vs -259.7%, a 250.7% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -7.0%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $-134.8M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs -26.8%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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.
FSLY vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $326.2M |
| Net Profit | $-15.5M | $-847.1M |
| Gross Margin | 61.4% | 35.5% |
| Operating Margin | -8.7% | -193.0% |
| Net Margin | -9.0% | -259.7% |
| Revenue YoY | 22.8% | -7.0% |
| Net Profit YoY | 52.9% | -277.4% |
| EPS (diluted) | $-0.10 | $-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 | $172.6M | $326.2M | ||
| Q3 25 | $158.2M | $240.3M | ||
| Q2 25 | $148.7M | $228.1M | ||
| Q1 25 | $144.5M | $384.9M | ||
| Q4 24 | $140.6M | $350.7M | ||
| Q3 24 | $137.2M | $446.0M | ||
| Q2 24 | $132.4M | $291.2M | ||
| Q1 24 | $133.5M | $609.5M |
| Q4 25 | $-15.5M | $-847.1M | ||
| Q3 25 | $-29.5M | $-263.0M | ||
| Q2 25 | $-37.5M | $-546.5M | ||
| Q1 25 | $-39.1M | $-175.4M | ||
| Q4 24 | $-32.9M | $-224.4M | ||
| Q3 24 | $-38.0M | $9.3M | ||
| Q2 24 | $-43.7M | $-88.9M | ||
| Q1 24 | $-43.4M | $54.1M |
| Q4 25 | 61.4% | 35.5% | ||
| Q3 25 | 58.4% | 18.1% | ||
| Q2 25 | 54.5% | 8.4% | ||
| Q1 25 | 53.2% | 21.4% | ||
| Q4 24 | 53.4% | 17.6% | ||
| Q3 24 | 54.5% | 27.1% | ||
| Q2 24 | 55.1% | 23.8% | ||
| Q1 24 | 54.8% | 62.4% |
| Q4 25 | -8.7% | -193.0% | ||
| Q3 25 | -18.2% | -37.4% | ||
| Q2 25 | -24.8% | -170.3% | ||
| Q1 25 | -26.4% | -3.3% | ||
| Q4 24 | -24.4% | 65.0% | ||
| Q3 24 | -29.6% | 17.8% | ||
| Q2 24 | -35.3% | 12.3% | ||
| Q1 24 | -34.6% | 30.4% |
| Q4 25 | -9.0% | -259.7% | ||
| Q3 25 | -18.6% | -109.4% | ||
| Q2 25 | -25.2% | -239.6% | ||
| Q1 25 | -27.1% | -45.6% | ||
| Q4 24 | -23.4% | -64.0% | ||
| Q3 24 | -27.7% | 2.1% | ||
| Q2 24 | -33.0% | -30.5% | ||
| Q1 24 | -32.5% | 8.9% |
| Q4 25 | $-0.10 | $-3.03 | ||
| Q3 25 | $-0.20 | $-0.96 | ||
| Q2 25 | $-0.26 | $-1.99 | ||
| Q1 25 | $-0.27 | $-0.65 | ||
| Q4 24 | $-0.23 | $-1.10 | ||
| Q3 24 | $-0.27 | $0.03 | ||
| Q2 24 | $-0.32 | $-0.42 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $929.6M | $182.6M |
| Total Assets | $1.5B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $226.5M | ||
| Q3 25 | $342.9M | $145.2M | ||
| Q2 25 | $321.2M | $551.1M | ||
| Q1 25 | $307.3M | $447.9M | ||
| Q4 24 | $295.9M | $492.9M | ||
| Q3 24 | $308.2M | $90.8M | ||
| Q2 24 | $311.8M | $133.0M | ||
| Q1 24 | $329.5M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $929.6M | $182.6M | ||
| Q3 25 | $937.0M | $1.1B | ||
| Q2 25 | $942.6M | $1.3B | ||
| Q1 25 | $957.0M | $1.8B | ||
| Q4 24 | $965.3M | $1.9B | ||
| Q3 24 | $969.5M | $1.6B | ||
| Q2 24 | $981.2M | $1.6B | ||
| Q1 24 | $991.8M | $1.7B |
| Q4 25 | $1.5B | $10.6B | ||
| Q3 25 | $1.5B | $12.0B | ||
| Q2 25 | $1.5B | $12.0B | ||
| Q1 25 | $1.4B | $13.1B | ||
| Q4 24 | $1.5B | $12.9B | ||
| Q3 24 | $1.5B | $12.0B | ||
| Q2 24 | $1.5B | $11.4B | ||
| Q1 24 | $1.5B | $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 | $22.4M | $-76.2M |
| Free Cash FlowOCF − Capex | $12.2M | $-134.8M |
| FCF MarginFCF / Revenue | 7.1% | -41.3% |
| Capex IntensityCapex / Revenue | 5.9% | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-76.2M | ||
| Q3 25 | $28.9M | $-171.0M | ||
| Q2 25 | $25.8M | $-329.0M | ||
| Q1 25 | $17.3M | $-7.2M | ||
| Q4 24 | $5.2M | $445.3M | ||
| Q3 24 | $5.0M | $-20.0M | ||
| Q2 24 | $-4.9M | $113.9M | ||
| Q1 24 | $11.1M | $63.0M |
| Q4 25 | $12.2M | $-134.8M | ||
| Q3 25 | $22.9M | $-231.6M | ||
| Q2 25 | $15.9M | $-726.7M | ||
| Q1 25 | $14.7M | $-262.3M | ||
| Q4 24 | $251.0K | $-210.3M | ||
| Q3 24 | $3.0M | $-367.0M | ||
| Q2 24 | $-6.7M | $-493.2M | ||
| Q1 24 | $9.5M | $-457.9M |
| Q4 25 | 7.1% | -41.3% | ||
| Q3 25 | 14.5% | -96.4% | ||
| Q2 25 | 10.7% | -318.6% | ||
| Q1 25 | 10.2% | -68.2% | ||
| Q4 24 | 0.2% | -60.0% | ||
| Q3 24 | 2.2% | -82.3% | ||
| Q2 24 | -5.1% | -169.3% | ||
| Q1 24 | 7.1% | -75.1% |
| Q4 25 | 5.9% | 18.0% | ||
| Q3 25 | 3.8% | 25.2% | ||
| Q2 25 | 6.6% | 174.4% | ||
| Q1 25 | 1.8% | 66.3% | ||
| Q4 24 | 3.5% | 187.0% | ||
| Q3 24 | 1.5% | 77.8% | ||
| Q2 24 | 1.3% | 208.4% | ||
| Q1 24 | 1.2% | 85.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
NFE
Segment breakdown not available.
