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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and UNIVERSAL DISPLAY CORP \PA\ (OLED). 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 $142.2M, roughly 2.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -259.7%, a 284.9% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% 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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
NFE vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $142.2M |
| Net Profit | $-847.1M | $35.9M |
| Gross Margin | 35.5% | 74.6% |
| Operating Margin | -193.0% | 30.1% |
| Net Margin | -259.7% | 25.2% |
| Revenue YoY | -7.0% | -14.5% |
| Net Profit YoY | -277.4% | -44.3% |
| EPS (diluted) | $-3.03 | $0.76 |
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.
| Q1 26 | — | $142.2M | ||
| Q4 25 | $326.2M | $172.9M | ||
| Q3 25 | $240.3M | $139.6M | ||
| Q2 25 | $228.1M | $171.8M | ||
| Q1 25 | $384.9M | $166.3M | ||
| Q4 24 | $350.7M | $162.3M | ||
| Q3 24 | $446.0M | $161.6M | ||
| Q2 24 | $291.2M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-847.1M | $66.3M | ||
| Q3 25 | $-263.0M | $44.0M | ||
| Q2 25 | $-546.5M | $67.3M | ||
| Q1 25 | $-175.4M | $64.4M | ||
| Q4 24 | $-224.4M | $46.0M | ||
| Q3 24 | $9.3M | $66.9M | ||
| Q2 24 | $-88.9M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 35.5% | 76.1% | ||
| Q3 25 | 18.1% | 74.6% | ||
| Q2 25 | 8.4% | 77.2% | ||
| Q1 25 | 21.4% | 77.1% | ||
| Q4 24 | 17.6% | 77.0% | ||
| Q3 24 | 27.1% | 77.8% | ||
| Q2 24 | 23.8% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | -193.0% | 38.9% | ||
| Q3 25 | -37.4% | 30.9% | ||
| Q2 25 | -170.3% | 39.9% | ||
| Q1 25 | -3.3% | 41.9% | ||
| Q4 24 | 65.0% | 32.3% | ||
| Q3 24 | 17.8% | 41.5% | ||
| Q2 24 | 12.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -259.7% | 38.4% | ||
| Q3 25 | -109.4% | 31.5% | ||
| Q2 25 | -239.6% | 39.2% | ||
| Q1 25 | -45.6% | 38.8% | ||
| Q4 24 | -64.0% | 28.4% | ||
| Q3 24 | 2.1% | 41.4% | ||
| Q2 24 | -30.5% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-3.03 | $1.40 | ||
| Q3 25 | $-0.96 | $0.92 | ||
| Q2 25 | $-1.99 | $1.41 | ||
| Q1 25 | $-0.65 | $1.35 | ||
| Q4 24 | $-1.10 | $0.96 | ||
| Q3 24 | $0.03 | $1.40 | ||
| Q2 24 | $-0.42 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | — |
| Total Assets | $10.6B | $1.9B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $226.5M | $602.4M | ||
| Q3 25 | $145.2M | $603.0M | ||
| Q2 25 | $551.1M | $525.2M | ||
| Q1 25 | $447.9M | $571.3M | ||
| Q4 24 | $492.9M | $492.7M | ||
| Q3 24 | $90.8M | $551.6M | ||
| Q2 24 | $133.0M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $182.6M | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $10.6B | $2.0B | ||
| Q3 25 | $12.0B | $1.9B | ||
| Q2 25 | $12.0B | $1.9B | ||
| Q1 25 | $13.1B | $1.9B | ||
| Q4 24 | $12.9B | $1.8B | ||
| Q3 24 | $12.0B | $1.8B | ||
| Q2 24 | $11.4B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $-76.2M | $108.9M |
| Free Cash FlowOCF − Capex | $-134.8M | — |
| FCF MarginFCF / Revenue | -41.3% | — |
| Capex IntensityCapex / Revenue | 18.0% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $-76.2M | $31.1M | ||
| Q3 25 | $-171.0M | $97.2M | ||
| Q2 25 | $-329.0M | $51.9M | ||
| Q1 25 | $-7.2M | $30.6M | ||
| Q4 24 | $445.3M | $34.7M | ||
| Q3 24 | $-20.0M | $79.9M | ||
| Q2 24 | $113.9M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-134.8M | $15.1M | ||
| Q3 25 | $-231.6M | $84.3M | ||
| Q2 25 | $-726.7M | $37.5M | ||
| Q1 25 | $-262.3M | $17.5M | ||
| Q4 24 | $-210.3M | $22.0M | ||
| Q3 24 | $-367.0M | $66.2M | ||
| Q2 24 | $-493.2M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -41.3% | 8.7% | ||
| Q3 25 | -96.4% | 60.4% | ||
| Q2 25 | -318.6% | 21.8% | ||
| Q1 25 | -68.2% | 10.5% | ||
| Q4 24 | -60.0% | 13.6% | ||
| Q3 24 | -82.3% | 41.0% | ||
| Q2 24 | -169.3% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 9.3% | ||
| Q3 25 | 25.2% | 9.2% | ||
| Q2 25 | 174.4% | 8.4% | ||
| Q1 25 | 66.3% | 7.9% | ||
| Q4 24 | 187.0% | 7.8% | ||
| Q3 24 | 77.8% | 8.4% | ||
| Q2 24 | 208.4% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | -2.15× | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
