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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.3× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -259.7%, a 264.6% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -7.0%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-134.8M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
NFE vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $242.1M |
| Net Profit | $-847.1M | $12.1M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 6.8% |
| Net Margin | -259.7% | 5.0% |
| Revenue YoY | -7.0% | 11.5% |
| Net Profit YoY | -277.4% | -16.2% |
| EPS (diluted) | $-3.03 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $240.3M | $258.5M | ||
| Q2 25 | $228.1M | $240.7M | ||
| Q1 25 | $384.9M | $219.6M | ||
| Q4 24 | $350.7M | $217.2M | ||
| Q3 24 | $446.0M | $241.7M | ||
| Q2 24 | $291.2M | $224.9M | ||
| Q1 24 | $609.5M | $211.2M |
| Q4 25 | $-847.1M | $12.1M | ||
| Q3 25 | $-263.0M | $24.3M | ||
| Q2 25 | $-546.5M | $19.9M | ||
| Q1 25 | $-175.4M | $15.3M | ||
| Q4 24 | $-224.4M | $14.4M | ||
| Q3 24 | $9.3M | $21.6M | ||
| Q2 24 | $-88.9M | $15.8M | ||
| Q1 24 | $54.1M | $21.2M |
| 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% | 6.8% | ||
| Q3 25 | -37.4% | 10.2% | ||
| Q2 25 | -170.3% | 9.2% | ||
| Q1 25 | -3.3% | 7.7% | ||
| Q4 24 | 65.0% | 7.9% | ||
| Q3 24 | 17.8% | 10.3% | ||
| Q2 24 | 12.3% | 8.4% | ||
| Q1 24 | 30.4% | 8.0% |
| Q4 25 | -259.7% | 5.0% | ||
| Q3 25 | -109.4% | 9.4% | ||
| Q2 25 | -239.6% | 8.3% | ||
| Q1 25 | -45.6% | 7.0% | ||
| Q4 24 | -64.0% | 6.6% | ||
| Q3 24 | 2.1% | 8.9% | ||
| Q2 24 | -30.5% | 7.0% | ||
| Q1 24 | 8.9% | 10.0% |
| Q4 25 | $-3.03 | $0.12 | ||
| Q3 25 | $-0.96 | $0.23 | ||
| Q2 25 | $-1.99 | $0.19 | ||
| Q1 25 | $-0.65 | $0.15 | ||
| Q4 24 | $-1.10 | $0.13 | ||
| Q3 24 | $0.03 | $0.20 | ||
| Q2 24 | $-0.42 | $0.15 | ||
| 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 | $16.3M |
| Total DebtLower is stronger | $8.2B | $84.0M |
| Stockholders' EquityBook value | $182.6M | $542.6M |
| Total Assets | $10.6B | $707.1M |
| Debt / EquityLower = less leverage | 44.78× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $16.3M | ||
| Q3 25 | $145.2M | $29.6M | ||
| Q2 25 | $551.1M | $35.0M | ||
| Q1 25 | $447.9M | $22.6M | ||
| Q4 24 | $492.9M | $57.4M | ||
| Q3 24 | $90.8M | $48.8M | ||
| Q2 24 | $133.0M | $62.5M | ||
| Q1 24 | $143.5M | $65.4M |
| Q4 25 | $8.2B | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | $8.9B | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $182.6M | $542.6M | ||
| Q3 25 | $1.1B | $552.8M | ||
| Q2 25 | $1.3B | $548.3M | ||
| Q1 25 | $1.8B | $530.6M | ||
| Q4 24 | $1.9B | $554.5M | ||
| Q3 24 | $1.6B | $540.1M | ||
| Q2 24 | $1.6B | $532.7M | ||
| Q1 24 | $1.7B | $515.5M |
| Q4 25 | $10.6B | $707.1M | ||
| Q3 25 | $12.0B | $732.6M | ||
| Q2 25 | $12.0B | $731.8M | ||
| Q1 25 | $13.1B | $708.7M | ||
| Q4 24 | $12.9B | $746.4M | ||
| Q3 24 | $12.0B | $734.0M | ||
| Q2 24 | $11.4B | $756.8M | ||
| Q1 24 | $10.9B | $763.6M |
| Q4 25 | 44.78× | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 4.74× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-134.8M | $14.9M |
| FCF MarginFCF / Revenue | -41.3% | 6.2% |
| Capex IntensityCapex / Revenue | 18.0% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $20.0M | ||
| Q3 25 | $-171.0M | $33.2M | ||
| Q2 25 | $-329.0M | $20.3M | ||
| Q1 25 | $-7.2M | $10.1M | ||
| Q4 24 | $445.3M | $16.6M | ||
| Q3 24 | $-20.0M | $28.6M | ||
| Q2 24 | $113.9M | $18.7M | ||
| Q1 24 | $63.0M | $15.0M |
| Q4 25 | $-134.8M | $14.9M | ||
| Q3 25 | $-231.6M | $27.6M | ||
| Q2 25 | $-726.7M | $17.6M | ||
| Q1 25 | $-262.3M | $8.4M | ||
| Q4 24 | $-210.3M | $13.2M | ||
| Q3 24 | $-367.0M | $27.5M | ||
| Q2 24 | $-493.2M | $17.6M | ||
| Q1 24 | $-457.9M | $13.7M |
| Q4 25 | -41.3% | 6.2% | ||
| Q3 25 | -96.4% | 10.7% | ||
| Q2 25 | -318.6% | 7.3% | ||
| Q1 25 | -68.2% | 3.8% | ||
| Q4 24 | -60.0% | 6.1% | ||
| Q3 24 | -82.3% | 11.4% | ||
| Q2 24 | -169.3% | 7.8% | ||
| Q1 24 | -75.1% | 6.5% |
| Q4 25 | 18.0% | 2.1% | ||
| Q3 25 | 25.2% | 2.2% | ||
| Q2 25 | 174.4% | 1.1% | ||
| Q1 25 | 66.3% | 0.8% | ||
| Q4 24 | 187.0% | 1.5% | ||
| Q3 24 | 77.8% | 0.5% | ||
| Q2 24 | 208.4% | 0.5% | ||
| Q1 24 | 85.5% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | -2.15× | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | 1.16× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
