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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $326.2M, roughly 1.3× New Fortress Energy Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -259.7%, a 267.3% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-134.8M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
NFE vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $430.0M |
| Net Profit | $-847.1M | $32.8M |
| Gross Margin | 35.5% | 75.2% |
| Operating Margin | -193.0% | 8.6% |
| Net Margin | -259.7% | 7.6% |
| Revenue YoY | -7.0% | -9.6% |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $326.2M | $504.3M | ||
| Q3 25 | $240.3M | $381.4M | ||
| Q2 25 | $228.1M | $384.5M | ||
| Q1 25 | $384.9M | $475.6M | ||
| Q4 24 | $350.7M | $490.8M | ||
| Q3 24 | $446.0M | $325.1M | ||
| Q2 24 | $291.2M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-847.1M | $234.6M | ||
| Q3 25 | $-263.0M | $43.4M | ||
| Q2 25 | $-546.5M | $30.1M | ||
| Q1 25 | $-175.4M | $85.4M | ||
| Q4 24 | $-224.4M | $119.1M | ||
| Q3 24 | $9.3M | $-14.4M | ||
| Q2 24 | $-88.9M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 35.5% | 79.5% | ||
| Q3 25 | 18.1% | 72.2% | ||
| Q2 25 | 8.4% | 71.5% | ||
| Q1 25 | 21.4% | 78.5% | ||
| Q4 24 | 17.6% | 79.1% | ||
| Q3 24 | 27.1% | 70.2% | ||
| Q2 24 | 23.8% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -193.0% | 20.7% | ||
| Q3 25 | -37.4% | 3.8% | ||
| Q2 25 | -170.3% | 4.5% | ||
| Q1 25 | -3.3% | 26.7% | ||
| Q4 24 | 65.0% | 29.1% | ||
| Q3 24 | 17.8% | -3.6% | ||
| Q2 24 | 12.3% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -259.7% | 46.5% | ||
| Q3 25 | -109.4% | 11.4% | ||
| Q2 25 | -239.6% | 7.8% | ||
| Q1 25 | -45.6% | 18.0% | ||
| Q4 24 | -64.0% | 24.3% | ||
| Q3 24 | 2.1% | -4.4% | ||
| Q2 24 | -30.5% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-3.03 | $0.81 | ||
| Q3 25 | $-0.96 | $0.24 | ||
| Q2 25 | $-1.99 | $0.17 | ||
| Q1 25 | $-0.65 | $0.91 | ||
| Q4 24 | $-1.10 | $1.35 | ||
| Q3 24 | $0.03 | $-0.17 | ||
| Q2 24 | $-0.42 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $705.9M |
| Total Assets | $10.6B | $1.6B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $226.5M | $425.8M | ||
| Q3 25 | $145.2M | $351.4M | ||
| Q2 25 | $551.1M | $411.6M | ||
| Q1 25 | $447.9M | $371.7M | ||
| Q4 24 | $492.9M | $740.0M | ||
| Q3 24 | $90.8M | $703.0M | ||
| Q2 24 | $133.0M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $182.6M | $787.4M | ||
| Q3 25 | $1.1B | $596.8M | ||
| Q2 25 | $1.3B | $624.5M | ||
| Q1 25 | $1.8B | $611.3M | ||
| Q4 24 | $1.9B | $585.5M | ||
| Q3 24 | $1.6B | $473.0M | ||
| Q2 24 | $1.6B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $10.6B | $1.6B | ||
| Q3 25 | $12.0B | $1.3B | ||
| Q2 25 | $12.0B | $1.3B | ||
| Q1 25 | $13.1B | $1.3B | ||
| Q4 24 | $12.9B | $1.8B | ||
| Q3 24 | $12.0B | $1.6B | ||
| Q2 24 | $11.4B | $1.5B |
| 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 | — |
| Free Cash FlowOCF − Capex | $-134.8M | $206.5M |
| FCF MarginFCF / Revenue | -41.3% | 48.0% |
| Capex IntensityCapex / Revenue | 18.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-76.2M | $158.4M | ||
| Q3 25 | $-171.0M | $56.3M | ||
| Q2 25 | $-329.0M | $86.3M | ||
| Q1 25 | $-7.2M | $204.2M | ||
| Q4 24 | $445.3M | $95.2M | ||
| Q3 24 | $-20.0M | $30.5M | ||
| Q2 24 | $113.9M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-134.8M | $152.4M | ||
| Q3 25 | $-231.6M | $51.8M | ||
| Q2 25 | $-726.7M | $84.1M | ||
| Q1 25 | $-262.3M | $202.3M | ||
| Q4 24 | $-210.3M | $92.4M | ||
| Q3 24 | $-367.0M | $27.4M | ||
| Q2 24 | $-493.2M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -41.3% | 30.2% | ||
| Q3 25 | -96.4% | 13.6% | ||
| Q2 25 | -318.6% | 21.9% | ||
| Q1 25 | -68.2% | 42.5% | ||
| Q4 24 | -60.0% | 18.8% | ||
| Q3 24 | -82.3% | 8.4% | ||
| Q2 24 | -169.3% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 1.2% | ||
| Q3 25 | 25.2% | 1.2% | ||
| Q2 25 | 174.4% | 0.6% | ||
| Q1 25 | 66.3% | 0.4% | ||
| Q4 24 | 187.0% | 0.6% | ||
| Q3 24 | 77.8% | 0.9% | ||
| Q2 24 | 208.4% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | -2.15× | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
