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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $326.2M, roughly 1.4× New Fortress Energy Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -259.7%, a 287.4% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -7.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (0.9% CAGR vs -26.8%).
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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
NFE vs NJR — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $440.9M |
| Net Profit | $-847.1M | $122.5M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 40.6% |
| Net Margin | -259.7% | 27.8% |
| Revenue YoY | -7.0% | 22.8% |
| Net Profit YoY | -277.4% | -6.7% |
| EPS (diluted) | $-3.03 | $1.21 |
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 | $326.2M | $440.9M | ||
| Q3 25 | $240.3M | $188.3M | ||
| Q2 25 | $228.1M | $234.8M | ||
| Q1 25 | $384.9M | $569.2M | ||
| Q4 24 | $350.7M | $359.0M | ||
| Q3 24 | $446.0M | $265.7M | ||
| Q2 24 | $291.2M | $209.9M | ||
| Q1 24 | $609.5M | $433.2M |
| Q4 25 | $-847.1M | $122.5M | ||
| Q3 25 | $-263.0M | $15.1M | ||
| Q2 25 | $-546.5M | $-15.1M | ||
| Q1 25 | $-175.4M | $204.3M | ||
| Q4 24 | $-224.4M | $131.3M | ||
| Q3 24 | $9.3M | $91.1M | ||
| Q2 24 | $-88.9M | $-11.6M | ||
| Q1 24 | $54.1M | $120.8M |
| 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 | -193.0% | 40.6% | ||
| Q3 25 | -37.4% | 21.5% | ||
| Q2 25 | -170.3% | -0.5% | ||
| Q1 25 | -3.3% | 49.2% | ||
| Q4 24 | 65.0% | 52.8% | ||
| Q3 24 | 17.8% | 55.0% | ||
| Q2 24 | 12.3% | 2.8% | ||
| Q1 24 | 30.4% | 39.3% |
| Q4 25 | -259.7% | 27.8% | ||
| Q3 25 | -109.4% | 8.0% | ||
| Q2 25 | -239.6% | -6.4% | ||
| Q1 25 | -45.6% | 35.9% | ||
| Q4 24 | -64.0% | 36.6% | ||
| Q3 24 | 2.1% | 34.3% | ||
| Q2 24 | -30.5% | -5.5% | ||
| Q1 24 | 8.9% | 27.9% |
| Q4 25 | $-3.03 | $1.21 | ||
| Q3 25 | $-0.96 | $0.15 | ||
| Q2 25 | $-1.99 | $-0.15 | ||
| Q1 25 | $-0.65 | $2.02 | ||
| Q4 24 | $-1.10 | $1.31 | ||
| Q3 24 | $0.03 | $0.91 | ||
| Q2 24 | $-0.42 | $-0.12 | ||
| Q1 24 | $0.23 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.5M | $2.4M |
| Total DebtLower is stronger | $8.2B | $3.3B |
| Stockholders' EquityBook value | $182.6M | $2.5B |
| Total Assets | $10.6B | $7.9B |
| Debt / EquityLower = less leverage | 44.78× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $2.4M | ||
| Q3 25 | $145.2M | $591.0K | ||
| Q2 25 | $551.1M | $931.0K | ||
| Q1 25 | $447.9M | $83.7M | ||
| Q4 24 | $492.9M | $1.9M | ||
| Q3 24 | $90.8M | $1.0M | ||
| Q2 24 | $133.0M | $22.4M | ||
| Q1 24 | $143.5M | $5.0M |
| Q4 25 | $8.2B | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $8.9B | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $182.6M | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.7B | $2.2B |
| Q4 25 | $10.6B | $7.9B | ||
| Q3 25 | $12.0B | $7.6B | ||
| Q2 25 | $12.0B | $7.3B | ||
| Q1 25 | $13.1B | $7.3B | ||
| Q4 24 | $12.9B | $7.2B | ||
| Q3 24 | $12.0B | $7.0B | ||
| Q2 24 | $11.4B | $6.8B | ||
| Q1 24 | $10.9B | $6.6B |
| Q4 25 | 44.78× | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 4.74× | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.25× |
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 | $-76.2M | $26.7M |
| Free Cash FlowOCF − Capex | $-134.8M | — |
| FCF MarginFCF / Revenue | -41.3% | — |
| Capex IntensityCapex / Revenue | 18.0% | — |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $26.7M | ||
| Q3 25 | $-171.0M | $81.2M | ||
| Q2 25 | $-329.0M | $-28.9M | ||
| Q1 25 | $-7.2M | $423.0M | ||
| Q4 24 | $445.3M | $-9.0M | ||
| Q3 24 | $-20.0M | $64.5M | ||
| Q2 24 | $113.9M | $24.3M | ||
| Q1 24 | $63.0M | $292.2M |
| Q4 25 | $-134.8M | — | ||
| Q3 25 | $-231.6M | — | ||
| Q2 25 | $-726.7M | — | ||
| Q1 25 | $-262.3M | — | ||
| Q4 24 | $-210.3M | — | ||
| Q3 24 | $-367.0M | — | ||
| Q2 24 | $-493.2M | — | ||
| Q1 24 | $-457.9M | — |
| Q4 25 | -41.3% | — | ||
| Q3 25 | -96.4% | — | ||
| Q2 25 | -318.6% | — | ||
| Q1 25 | -68.2% | — | ||
| Q4 24 | -60.0% | — | ||
| Q3 24 | -82.3% | — | ||
| Q2 24 | -169.3% | — | ||
| Q1 24 | -75.1% | — |
| Q4 25 | 18.0% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 174.4% | — | ||
| Q1 25 | 66.3% | — | ||
| Q4 24 | 187.0% | — | ||
| Q3 24 | 77.8% | — | ||
| Q2 24 | 208.4% | — | ||
| Q1 24 | 85.5% | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 5.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | — | -0.07× | ||
| Q3 24 | -2.15× | 0.71× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.16× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
