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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) 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 $171.9M, roughly 1.9× MILLER INDUSTRIES INC). On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $-134.8M). Over the past eight quarters, New Fortress Energy Inc.'s revenue compounded faster (-26.8% CAGR vs -29.9%).

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

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.

MLR vs NFE — Head-to-Head

Bigger by revenue
NFE
NFE
1.9× larger
NFE
$326.2M
$171.9M
MLR
Growing faster (revenue YoY)
NFE
NFE
+15.5% gap
NFE
-7.0%
-22.5%
MLR
More free cash flow
MLR
MLR
$178.5M more FCF
MLR
$43.8M
$-134.8M
NFE
Faster 2-yr revenue CAGR
NFE
NFE
Annualised
NFE
-26.8%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
NFE
NFE
Revenue
$171.9M
$326.2M
Net Profit
$-847.1M
Gross Margin
15.4%
35.5%
Operating Margin
2.9%
-193.0%
Net Margin
-259.7%
Revenue YoY
-22.5%
-7.0%
Net Profit YoY
-277.4%
EPS (diluted)
$0.29
$-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.

Revenue
MLR
MLR
NFE
NFE
Q4 25
$171.9M
$326.2M
Q3 25
$178.7M
$240.3M
Q2 25
$214.0M
$228.1M
Q1 25
$225.7M
$384.9M
Q4 24
$221.9M
$350.7M
Q3 24
$314.3M
$446.0M
Q2 24
$371.5M
$291.2M
Q1 24
$349.9M
$609.5M
Net Profit
MLR
MLR
NFE
NFE
Q4 25
$-847.1M
Q3 25
$3.1M
$-263.0M
Q2 25
$8.5M
$-546.5M
Q1 25
$8.1M
$-175.4M
Q4 24
$-224.4M
Q3 24
$15.4M
$9.3M
Q2 24
$20.5M
$-88.9M
Q1 24
$17.0M
$54.1M
Gross Margin
MLR
MLR
NFE
NFE
Q4 25
15.4%
35.5%
Q3 25
14.2%
18.1%
Q2 25
16.2%
8.4%
Q1 25
15.0%
21.4%
Q4 24
15.1%
17.6%
Q3 24
13.4%
27.1%
Q2 24
13.8%
23.8%
Q1 24
12.6%
62.4%
Operating Margin
MLR
MLR
NFE
NFE
Q4 25
2.9%
-193.0%
Q3 25
2.4%
-37.4%
Q2 25
5.3%
-170.3%
Q1 25
4.8%
-3.3%
Q4 24
5.7%
65.0%
Q3 24
6.3%
17.8%
Q2 24
7.1%
12.3%
Q1 24
6.1%
30.4%
Net Margin
MLR
MLR
NFE
NFE
Q4 25
-259.7%
Q3 25
1.7%
-109.4%
Q2 25
4.0%
-239.6%
Q1 25
3.6%
-45.6%
Q4 24
-64.0%
Q3 24
4.9%
2.1%
Q2 24
5.5%
-30.5%
Q1 24
4.9%
8.9%
EPS (diluted)
MLR
MLR
NFE
NFE
Q4 25
$0.29
$-3.03
Q3 25
$0.27
$-0.96
Q2 25
$0.73
$-1.99
Q1 25
$0.69
$-0.65
Q4 24
$0.89
$-1.10
Q3 24
$1.33
$0.03
Q2 24
$1.78
$-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
MLR
MLR
NFE
NFE
Cash + ST InvestmentsLiquidity on hand
$226.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$420.6M
$182.6M
Total Assets
$589.7M
$10.6B
Debt / EquityLower = less leverage
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
NFE
NFE
Q4 25
$226.5M
Q3 25
$145.2M
Q2 25
$551.1M
Q1 25
$447.9M
Q4 24
$492.9M
Q3 24
$90.8M
Q2 24
$133.0M
Q1 24
$143.5M
Total Debt
MLR
MLR
NFE
NFE
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MLR
MLR
NFE
NFE
Q4 25
$420.6M
$182.6M
Q3 25
$420.7M
$1.1B
Q2 25
$418.6M
$1.3B
Q1 25
$406.5M
$1.8B
Q4 24
$401.0M
$1.9B
Q3 24
$395.2M
$1.6B
Q2 24
$379.9M
$1.6B
Q1 24
$362.4M
$1.7B
Total Assets
MLR
MLR
NFE
NFE
Q4 25
$589.7M
$10.6B
Q3 25
$604.3M
$12.0B
Q2 25
$622.9M
$12.0B
Q1 25
$639.7M
$13.1B
Q4 24
$667.0M
$12.9B
Q3 24
$755.3M
$12.0B
Q2 24
$748.2M
$11.4B
Q1 24
$696.5M
$10.9B
Debt / Equity
MLR
MLR
NFE
NFE
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
MLR
MLR
NFE
NFE
Operating Cash FlowLast quarter
$48.9M
$-76.2M
Free Cash FlowOCF − Capex
$43.8M
$-134.8M
FCF MarginFCF / Revenue
25.5%
-41.3%
Capex IntensityCapex / Revenue
3.0%
18.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
NFE
NFE
Q4 25
$48.9M
$-76.2M
Q3 25
$19.9M
$-171.0M
Q2 25
$27.2M
$-329.0M
Q1 25
$2.7M
$-7.2M
Q4 24
$-11.7M
$445.3M
Q3 24
$30.3M
$-20.0M
Q2 24
$-10.7M
$113.9M
Q1 24
$9.0M
$63.0M
Free Cash Flow
MLR
MLR
NFE
NFE
Q4 25
$43.8M
$-134.8M
Q3 25
$18.1M
$-231.6M
Q2 25
$25.6M
$-726.7M
Q1 25
$-2.4M
$-262.3M
Q4 24
$-13.0M
$-210.3M
Q3 24
$24.0M
$-367.0M
Q2 24
$-13.8M
$-493.2M
Q1 24
$4.3M
$-457.9M
FCF Margin
MLR
MLR
NFE
NFE
Q4 25
25.5%
-41.3%
Q3 25
10.1%
-96.4%
Q2 25
11.9%
-318.6%
Q1 25
-1.1%
-68.2%
Q4 24
-5.9%
-60.0%
Q3 24
7.6%
-82.3%
Q2 24
-3.7%
-169.3%
Q1 24
1.2%
-75.1%
Capex Intensity
MLR
MLR
NFE
NFE
Q4 25
3.0%
18.0%
Q3 25
1.0%
25.2%
Q2 25
0.8%
174.4%
Q1 25
2.3%
66.3%
Q4 24
0.6%
187.0%
Q3 24
2.0%
77.8%
Q2 24
0.8%
208.4%
Q1 24
1.3%
85.5%
Cash Conversion
MLR
MLR
NFE
NFE
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
-2.15×
Q2 24
-0.52×
Q1 24
0.53×
1.16×

Financial Flow Comparison

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

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