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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and OIL STATES INTERNATIONAL, INC (OIS). 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 $178.5M, roughly 1.8× OIL STATES INTERNATIONAL, INC). OIL STATES INTERNATIONAL, INC runs the higher net margin — -65.7% vs -259.7%, a 194.0% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -7.0%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-134.8M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% 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.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
NFE vs OIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $178.5M |
| Net Profit | $-847.1M | $-117.2M |
| Gross Margin | 35.5% | 10.9% |
| Operating Margin | -193.0% | -63.7% |
| Net Margin | -259.7% | -65.7% |
| Revenue YoY | -7.0% | 8.4% |
| Net Profit YoY | -277.4% | -873.2% |
| EPS (diluted) | $-3.03 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $240.3M | $165.2M | ||
| Q2 25 | $228.1M | $165.4M | ||
| Q1 25 | $384.9M | $159.9M | ||
| Q4 24 | $350.7M | $164.6M | ||
| Q3 24 | $446.0M | $174.3M | ||
| Q2 24 | $291.2M | $186.4M | ||
| Q1 24 | $609.5M | $167.3M |
| Q4 25 | $-847.1M | $-117.2M | ||
| Q3 25 | $-263.0M | $1.9M | ||
| Q2 25 | $-546.5M | $2.8M | ||
| Q1 25 | $-175.4M | $3.2M | ||
| Q4 24 | $-224.4M | $15.2M | ||
| Q3 24 | $9.3M | $-14.3M | ||
| Q2 24 | $-88.9M | $1.3M | ||
| Q1 24 | $54.1M | $-13.4M |
| Q4 25 | 35.5% | 10.9% | ||
| Q3 25 | 18.1% | 22.1% | ||
| Q2 25 | 8.4% | 24.2% | ||
| Q1 25 | 21.4% | 23.3% | ||
| Q4 24 | 17.6% | 23.7% | ||
| Q3 24 | 27.1% | 21.7% | ||
| Q2 24 | 23.8% | 23.8% | ||
| Q1 24 | 62.4% | 21.1% |
| Q4 25 | -193.0% | -63.7% | ||
| Q3 25 | -37.4% | 2.9% | ||
| Q2 25 | -170.3% | 3.2% | ||
| Q1 25 | -3.3% | 3.5% | ||
| Q4 24 | 65.0% | 11.2% | ||
| Q3 24 | 17.8% | -6.3% | ||
| Q2 24 | 12.3% | 1.1% | ||
| Q1 24 | 30.4% | -6.7% |
| Q4 25 | -259.7% | -65.7% | ||
| Q3 25 | -109.4% | 1.2% | ||
| Q2 25 | -239.6% | 1.7% | ||
| Q1 25 | -45.6% | 2.0% | ||
| Q4 24 | -64.0% | 9.2% | ||
| Q3 24 | 2.1% | -8.2% | ||
| Q2 24 | -30.5% | 0.7% | ||
| Q1 24 | 8.9% | -8.0% |
| Q4 25 | $-3.03 | $-1.99 | ||
| Q3 25 | $-0.96 | $0.03 | ||
| Q2 25 | $-1.99 | $0.05 | ||
| Q1 25 | $-0.65 | $0.05 | ||
| Q4 24 | $-1.10 | $0.24 | ||
| Q3 24 | $0.03 | $-0.23 | ||
| Q2 24 | $-0.42 | $0.02 | ||
| Q1 24 | $0.23 | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | $8.2B | $1.7M |
| Stockholders' EquityBook value | $182.6M | $573.2M |
| Total Assets | $10.6B | $883.4M |
| Debt / EquityLower = less leverage | 44.78× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $69.9M | ||
| Q3 25 | $145.2M | $67.1M | ||
| Q2 25 | $551.1M | $53.9M | ||
| Q1 25 | $447.9M | $66.8M | ||
| Q4 24 | $492.9M | $65.4M | ||
| Q3 24 | $90.8M | $46.0M | ||
| Q2 24 | $133.0M | $25.2M | ||
| Q1 24 | $143.5M | $24.1M |
| Q4 25 | $8.2B | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $124.7M | ||
| Q4 24 | $8.9B | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M | ||
| Q1 24 | — | $135.6M |
| Q4 25 | $182.6M | $573.2M | ||
| Q3 25 | $1.1B | $689.0M | ||
| Q2 25 | $1.3B | $690.6M | ||
| Q1 25 | $1.8B | $683.4M | ||
| Q4 24 | $1.9B | $680.7M | ||
| Q3 24 | $1.6B | $684.8M | ||
| Q2 24 | $1.6B | $690.4M | ||
| Q1 24 | $1.7B | $692.3M |
| Q4 25 | $10.6B | $883.4M | ||
| Q3 25 | $12.0B | $1.0B | ||
| Q2 25 | $12.0B | $993.7M | ||
| Q1 25 | $13.1B | $990.7M | ||
| Q4 24 | $12.9B | $1.0B | ||
| Q3 24 | $12.0B | $994.1M | ||
| Q2 24 | $11.4B | $1.0B | ||
| Q1 24 | $10.9B | $1.0B |
| Q4 25 | 44.78× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 4.74× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $-134.8M | $47.1M |
| FCF MarginFCF / Revenue | -41.3% | 26.4% |
| Capex IntensityCapex / Revenue | 18.0% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $50.1M | ||
| Q3 25 | $-171.0M | $30.7M | ||
| Q2 25 | $-329.0M | $15.0M | ||
| Q1 25 | $-7.2M | $9.3M | ||
| Q4 24 | $445.3M | $18.2M | ||
| Q3 24 | $-20.0M | $28.8M | ||
| Q2 24 | $113.9M | $10.2M | ||
| Q1 24 | $63.0M | $-11.4M |
| Q4 25 | $-134.8M | $47.1M | ||
| Q3 25 | $-231.6M | $22.0M | ||
| Q2 25 | $-726.7M | $4.7M | ||
| Q1 25 | $-262.3M | $137.0K | ||
| Q4 24 | $-210.3M | $4.0M | ||
| Q3 24 | $-367.0M | $21.4M | ||
| Q2 24 | $-493.2M | $4.5M | ||
| Q1 24 | $-457.9M | $-21.5M |
| Q4 25 | -41.3% | 26.4% | ||
| Q3 25 | -96.4% | 13.3% | ||
| Q2 25 | -318.6% | 2.8% | ||
| Q1 25 | -68.2% | 0.1% | ||
| Q4 24 | -60.0% | 2.4% | ||
| Q3 24 | -82.3% | 12.3% | ||
| Q2 24 | -169.3% | 2.4% | ||
| Q1 24 | -75.1% | -12.8% |
| Q4 25 | 18.0% | 1.7% | ||
| Q3 25 | 25.2% | 5.3% | ||
| Q2 25 | 174.4% | 6.2% | ||
| Q1 25 | 66.3% | 5.7% | ||
| Q4 24 | 187.0% | 8.6% | ||
| Q3 24 | 77.8% | 4.3% | ||
| Q2 24 | 208.4% | 3.1% | ||
| Q1 24 | 85.5% | 6.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 16.15× | ||
| Q2 25 | — | 5.33× | ||
| Q1 25 | — | 2.94× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | -2.15× | — | ||
| Q2 24 | — | 7.87× | ||
| Q1 24 | 1.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
