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Side-by-side financial comparison of Cheniere Energy, Inc. (LNG) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
Cheniere Energy, Inc. is the larger business by last-quarter revenue ($5.4B vs $326.2M, roughly 16.5× New Fortress Energy Inc.). Cheniere Energy, Inc. runs the higher net margin — 42.8% vs -259.7%, a 302.5% gap on every dollar of revenue. On growth, Cheniere Energy, Inc. posted the faster year-over-year revenue change (20.3% vs -7.0%). Cheniere Energy, Inc. produced more free cash flow last quarter ($1.3B vs $-134.8M). Over the past eight quarters, Cheniere Energy, Inc.'s revenue compounded faster (14.3% CAGR vs -26.8%).
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
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.
LNG vs NFE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $326.2M |
| Net Profit | $2.3B | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 70.8% | -193.0% |
| Net Margin | 42.8% | -259.7% |
| Revenue YoY | 20.3% | -7.0% |
| Net Profit YoY | 135.6% | -277.4% |
| EPS (diluted) | $10.51 | $-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 | $5.4B | $326.2M | ||
| Q3 25 | $4.3B | $240.3M | ||
| Q2 25 | $4.5B | $228.1M | ||
| Q1 25 | $5.3B | $384.9M | ||
| Q4 24 | $4.5B | $350.7M | ||
| Q3 24 | $3.7B | $446.0M | ||
| Q2 24 | $3.1B | $291.2M | ||
| Q1 24 | $4.1B | $609.5M |
| Q4 25 | $2.3B | $-847.1M | ||
| Q3 25 | $1.0B | $-263.0M | ||
| Q2 25 | $1.6B | $-546.5M | ||
| Q1 25 | $353.0M | $-175.4M | ||
| Q4 24 | $977.0M | $-224.4M | ||
| Q3 24 | $893.0M | $9.3M | ||
| Q2 24 | $880.0M | $-88.9M | ||
| Q1 24 | $502.0M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 70.8% | -193.0% | ||
| Q3 25 | 42.3% | -37.4% | ||
| Q2 25 | 56.1% | -170.3% | ||
| Q1 25 | 18.2% | -3.3% | ||
| Q4 24 | 38.9% | 65.0% | ||
| Q3 24 | 44.7% | 17.8% | ||
| Q2 24 | 50.5% | 12.3% | ||
| Q1 24 | 28.0% | 30.4% |
| Q4 25 | 42.8% | -259.7% | ||
| Q3 25 | 24.4% | -109.4% | ||
| Q2 25 | 36.1% | -239.6% | ||
| Q1 25 | 6.7% | -45.6% | ||
| Q4 24 | 21.9% | -64.0% | ||
| Q3 24 | 24.2% | 2.1% | ||
| Q2 24 | 28.0% | -30.5% | ||
| Q1 24 | 12.2% | 8.9% |
| Q4 25 | $10.51 | $-3.03 | ||
| Q3 25 | $4.75 | $-0.96 | ||
| Q2 25 | $7.30 | $-1.99 | ||
| Q1 25 | $1.57 | $-0.65 | ||
| Q4 24 | $4.30 | $-1.10 | ||
| Q3 24 | $3.93 | $0.03 | ||
| Q2 24 | $3.84 | $-0.42 | ||
| Q1 24 | $2.13 | $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 | $1.1B | $226.5M |
| Total DebtLower is stronger | $22.5B | $8.2B |
| Stockholders' EquityBook value | $7.9B | $182.6M |
| Total Assets | $47.9B | $10.6B |
| Debt / EquityLower = less leverage | 2.84× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $226.5M | ||
| Q3 25 | $1.1B | $145.2M | ||
| Q2 25 | $1.6B | $551.1M | ||
| Q1 25 | $2.5B | $447.9M | ||
| Q4 24 | $2.6B | $492.9M | ||
| Q3 24 | $2.7B | $90.8M | ||
| Q2 24 | $2.4B | $133.0M | ||
| Q1 24 | $4.4B | $143.5M |
| Q4 25 | $22.5B | $8.2B | ||
| Q3 25 | $22.0B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.5B | — | ||
| Q4 24 | $22.6B | $8.9B | ||
| Q3 24 | $22.5B | — | ||
| Q2 24 | $22.6B | — | ||
| Q1 24 | $21.4B | — |
| Q4 25 | $7.9B | $182.6M | ||
| Q3 25 | $6.7B | $1.1B | ||
| Q2 25 | $6.7B | $1.3B | ||
| Q1 25 | $5.6B | $1.8B | ||
| Q4 24 | $5.7B | $1.9B | ||
| Q3 24 | $5.1B | $1.6B | ||
| Q2 24 | $4.5B | $1.6B | ||
| Q1 24 | $4.3B | $1.7B |
| Q4 25 | $47.9B | $10.6B | ||
| Q3 25 | $45.1B | $12.0B | ||
| Q2 25 | $44.6B | $12.0B | ||
| Q1 25 | $43.5B | $13.1B | ||
| Q4 24 | $43.9B | $12.9B | ||
| Q3 24 | $43.1B | $12.0B | ||
| Q2 24 | $42.3B | $11.4B | ||
| Q1 24 | $42.9B | $10.9B |
| Q4 25 | 2.84× | 44.78× | ||
| Q3 25 | 3.25× | — | ||
| Q2 25 | 3.28× | — | ||
| Q1 25 | 4.03× | — | ||
| Q4 24 | 3.96× | 4.74× | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | — | ||
| Q1 24 | 5.04× | — |
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 | $2.1B | $-76.2M |
| Free Cash FlowOCF − Capex | $1.3B | $-134.8M |
| FCF MarginFCF / Revenue | 24.4% | -41.3% |
| Capex IntensityCapex / Revenue | 13.8% | 18.0% |
| Cash ConversionOCF / Net Profit | 0.89× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1B | $-76.2M | ||
| Q3 25 | $1.4B | $-171.0M | ||
| Q2 25 | $831.0M | $-329.0M | ||
| Q1 25 | $1.2B | $-7.2M | ||
| Q4 24 | $1.6B | $445.3M | ||
| Q3 24 | $1.4B | $-20.0M | ||
| Q2 24 | $1.1B | $113.9M | ||
| Q1 24 | $1.2B | $63.0M |
| Q4 25 | $1.3B | $-134.8M | ||
| Q3 25 | $738.0M | $-231.6M | ||
| Q2 25 | $-193.0M | $-726.7M | ||
| Q1 25 | $605.0M | $-262.3M | ||
| Q4 24 | $1.1B | $-210.3M | ||
| Q3 24 | $875.0M | $-367.0M | ||
| Q2 24 | $613.0M | $-493.2M | ||
| Q1 24 | $596.0M | $-457.9M |
| Q4 25 | 24.4% | -41.3% | ||
| Q3 25 | 17.2% | -96.4% | ||
| Q2 25 | -4.3% | -318.6% | ||
| Q1 25 | 11.4% | -68.2% | ||
| Q4 24 | 24.0% | -60.0% | ||
| Q3 24 | 23.8% | -82.3% | ||
| Q2 24 | 19.5% | -169.3% | ||
| Q1 24 | 14.5% | -75.1% |
| Q4 25 | 13.8% | 18.0% | ||
| Q3 25 | 16.0% | 25.2% | ||
| Q2 25 | 22.7% | 174.4% | ||
| Q1 25 | 11.8% | 66.3% | ||
| Q4 24 | 12.7% | 187.0% | ||
| Q3 24 | 14.0% | 77.8% | ||
| Q2 24 | 16.0% | 208.4% | ||
| Q1 24 | 15.8% | 85.5% |
| Q4 25 | 0.89× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 3.48× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.56× | -2.15× | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 2.48× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
NFE
Segment breakdown not available.
