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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) 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 $208.9M, roughly 1.6× iRhythm Holdings, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -259.7%, a 262.3% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -7.0%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-134.8M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -26.8%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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.
IRTC vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $326.2M |
| Net Profit | $5.6M | $-847.1M |
| Gross Margin | 70.9% | 35.5% |
| Operating Margin | 1.1% | -193.0% |
| Net Margin | 2.7% | -259.7% |
| Revenue YoY | 27.1% | -7.0% |
| Net Profit YoY | 518.5% | -277.4% |
| EPS (diluted) | $0.18 | $-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 | $208.9M | $326.2M | ||
| Q3 25 | $192.9M | $240.3M | ||
| Q2 25 | $186.7M | $228.1M | ||
| Q1 25 | $158.7M | $384.9M | ||
| Q4 24 | $164.3M | $350.7M | ||
| Q3 24 | $147.5M | $446.0M | ||
| Q2 24 | $148.0M | $291.2M | ||
| Q1 24 | $131.9M | $609.5M |
| Q4 25 | $5.6M | $-847.1M | ||
| Q3 25 | $-5.2M | $-263.0M | ||
| Q2 25 | $-14.2M | $-546.5M | ||
| Q1 25 | $-30.7M | $-175.4M | ||
| Q4 24 | $-1.3M | $-224.4M | ||
| Q3 24 | $-46.2M | $9.3M | ||
| Q2 24 | $-20.1M | $-88.9M | ||
| Q1 24 | $-45.7M | $54.1M |
| Q4 25 | 70.9% | 35.5% | ||
| Q3 25 | 71.1% | 18.1% | ||
| Q2 25 | 71.2% | 8.4% | ||
| Q1 25 | 68.8% | 21.4% | ||
| Q4 24 | 70.0% | 17.6% | ||
| Q3 24 | 68.8% | 27.1% | ||
| Q2 24 | 69.9% | 23.8% | ||
| Q1 24 | 66.3% | 62.4% |
| Q4 25 | 1.1% | -193.0% | ||
| Q3 25 | -4.4% | -37.4% | ||
| Q2 25 | -10.0% | -170.3% | ||
| Q1 25 | -20.5% | -3.3% | ||
| Q4 24 | -2.5% | 65.0% | ||
| Q3 24 | -34.1% | 17.8% | ||
| Q2 24 | -15.5% | 12.3% | ||
| Q1 24 | -28.9% | 30.4% |
| Q4 25 | 2.7% | -259.7% | ||
| Q3 25 | -2.7% | -109.4% | ||
| Q2 25 | -7.6% | -239.6% | ||
| Q1 25 | -19.3% | -45.6% | ||
| Q4 24 | -0.8% | -64.0% | ||
| Q3 24 | -31.3% | 2.1% | ||
| Q2 24 | -13.6% | -30.5% | ||
| Q1 24 | -34.6% | 8.9% |
| Q4 25 | $0.18 | $-3.03 | ||
| Q3 25 | $-0.16 | $-0.96 | ||
| Q2 25 | $-0.44 | $-1.99 | ||
| Q1 25 | $-0.97 | $-0.65 | ||
| Q4 24 | $-0.03 | $-1.10 | ||
| Q3 24 | $-1.48 | $0.03 | ||
| Q2 24 | $-0.65 | $-0.42 | ||
| Q1 24 | $-1.47 | $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 | $583.8M | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $152.7M | $182.6M |
| Total Assets | $1.0B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $226.5M | ||
| Q3 25 | $565.2M | $145.2M | ||
| Q2 25 | $545.5M | $551.1M | ||
| Q1 25 | $520.6M | $447.9M | ||
| Q4 24 | $535.6M | $492.9M | ||
| Q3 24 | $522.0M | $90.8M | ||
| Q2 24 | $561.5M | $133.0M | ||
| Q1 24 | $569.1M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $152.7M | $182.6M | ||
| Q3 25 | $121.9M | $1.1B | ||
| Q2 25 | $103.7M | $1.3B | ||
| Q1 25 | $86.7M | $1.8B | ||
| Q4 24 | $90.9M | $1.9B | ||
| Q3 24 | $71.8M | $1.6B | ||
| Q2 24 | $99.2M | $1.6B | ||
| Q1 24 | $90.3M | $1.7B |
| Q4 25 | $1.0B | $10.6B | ||
| Q3 25 | $995.2M | $12.0B | ||
| Q2 25 | $964.0M | $12.0B | ||
| Q1 25 | $926.1M | $13.1B | ||
| Q4 24 | $931.4M | $12.9B | ||
| Q3 24 | $909.7M | $12.0B | ||
| Q2 24 | $919.2M | $11.4B | ||
| Q1 24 | $909.8M | $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 | $26.2M | $-76.2M |
| Free Cash FlowOCF − Capex | $14.5M | $-134.8M |
| FCF MarginFCF / Revenue | 6.9% | -41.3% |
| Capex IntensityCapex / Revenue | 5.6% | 18.0% |
| Cash ConversionOCF / Net Profit | 4.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-76.2M | ||
| Q3 25 | $34.9M | $-171.0M | ||
| Q2 25 | $27.7M | $-329.0M | ||
| Q1 25 | $-7.9M | $-7.2M | ||
| Q4 24 | $19.2M | $445.3M | ||
| Q3 24 | $24.3M | $-20.0M | ||
| Q2 24 | $11.8M | $113.9M | ||
| Q1 24 | $-52.0M | $63.0M |
| Q4 25 | $14.5M | $-134.8M | ||
| Q3 25 | $20.1M | $-231.6M | ||
| Q2 25 | $17.3M | $-726.7M | ||
| Q1 25 | $-17.3M | $-262.3M | ||
| Q4 24 | $12.4M | $-210.3M | ||
| Q3 24 | $15.5M | $-367.0M | ||
| Q2 24 | $3.4M | $-493.2M | ||
| Q1 24 | $-61.8M | $-457.9M |
| Q4 25 | 6.9% | -41.3% | ||
| Q3 25 | 10.4% | -96.4% | ||
| Q2 25 | 9.3% | -318.6% | ||
| Q1 25 | -10.9% | -68.2% | ||
| Q4 24 | 7.5% | -60.0% | ||
| Q3 24 | 10.5% | -82.3% | ||
| Q2 24 | 2.3% | -169.3% | ||
| Q1 24 | -46.8% | -75.1% |
| Q4 25 | 5.6% | 18.0% | ||
| Q3 25 | 7.7% | 25.2% | ||
| Q2 25 | 5.6% | 174.4% | ||
| Q1 25 | 5.9% | 66.3% | ||
| Q4 24 | 4.2% | 187.0% | ||
| Q3 24 | 6.0% | 77.8% | ||
| Q2 24 | 5.7% | 208.4% | ||
| Q1 24 | 7.4% | 85.5% |
| Q4 25 | 4.70× | — | ||
| 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
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
NFE
Segment breakdown not available.
