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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $326.2M, roughly 1.6× New Fortress Energy Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs -259.7%, a 269.7% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -7.0%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $-134.8M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
NFE vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $531.4M |
| Net Profit | $-847.1M | $53.4M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 23.1% |
| Net Margin | -259.7% | 10.0% |
| Revenue YoY | -7.0% | 12.9% |
| Net Profit YoY | -277.4% | 4.0% |
| EPS (diluted) | $-3.03 | — |
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 | $531.4M | ||
| Q3 25 | $240.3M | $442.3M | ||
| Q2 25 | $228.1M | $401.1M | ||
| Q1 25 | $384.9M | $321.9M | ||
| Q4 24 | $350.7M | $470.5M | ||
| Q3 24 | $446.0M | $320.3M | ||
| Q2 24 | $291.2M | $358.1M | ||
| Q1 24 | $609.5M | $327.1M |
| Q4 25 | $-847.1M | $53.4M | ||
| Q3 25 | $-263.0M | $39.8M | ||
| Q2 25 | $-546.5M | $32.9M | ||
| Q1 25 | $-175.4M | $54.0M | ||
| Q4 24 | $-224.4M | $51.3M | ||
| Q3 24 | $9.3M | $22.1M | ||
| Q2 24 | $-88.9M | $28.3M | ||
| Q1 24 | $54.1M | $32.6M |
| 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% | 23.1% | ||
| Q3 25 | -37.4% | 20.6% | ||
| Q2 25 | -170.3% | 19.1% | ||
| Q1 25 | -3.3% | 16.3% | ||
| Q4 24 | 65.0% | 21.9% | ||
| Q3 24 | 17.8% | 15.4% | ||
| Q2 24 | 12.3% | 18.0% | ||
| Q1 24 | 30.4% | 16.5% |
| Q4 25 | -259.7% | 10.0% | ||
| Q3 25 | -109.4% | 9.0% | ||
| Q2 25 | -239.6% | 8.2% | ||
| Q1 25 | -45.6% | 16.8% | ||
| Q4 24 | -64.0% | 10.9% | ||
| Q3 24 | 2.1% | 6.9% | ||
| Q2 24 | -30.5% | 7.9% | ||
| Q1 24 | 8.9% | 10.0% |
| Q4 25 | $-3.03 | — | ||
| Q3 25 | $-0.96 | — | ||
| Q2 25 | $-1.99 | — | ||
| Q1 25 | $-0.65 | — | ||
| Q4 24 | $-1.10 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $-0.42 | — | ||
| Q1 24 | $0.23 | — |
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 | $538.9M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $308.2M |
| Total Assets | $10.6B | $1.8B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $538.9M | ||
| Q3 25 | $145.2M | $400.5M | ||
| Q2 25 | $551.1M | $214.6M | ||
| Q1 25 | $447.9M | $194.3M | ||
| Q4 24 | $492.9M | $483.9M | ||
| Q3 24 | $90.8M | $148.8M | ||
| Q2 24 | $133.0M | $164.2M | ||
| Q1 24 | $143.5M | $215.5M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $308.2M | ||
| Q3 25 | $1.1B | $228.6M | ||
| Q2 25 | $1.3B | $167.4M | ||
| Q1 25 | $1.8B | $148.8M | ||
| Q4 24 | $1.9B | $187.0M | ||
| Q3 24 | $1.6B | $159.1M | ||
| Q2 24 | $1.6B | $133.8M | ||
| Q1 24 | $1.7B | $174.6M |
| Q4 25 | $10.6B | $1.8B | ||
| Q3 25 | $12.0B | $1.7B | ||
| Q2 25 | $12.0B | $1.5B | ||
| Q1 25 | $13.1B | $1.4B | ||
| Q4 24 | $12.9B | $1.6B | ||
| Q3 24 | $12.0B | $1.6B | ||
| Q2 24 | $11.4B | $1.4B | ||
| Q1 24 | $10.9B | $1.3B |
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $155.7M |
| Free Cash FlowOCF − Capex | $-134.8M | $138.6M |
| FCF MarginFCF / Revenue | -41.3% | 26.1% |
| Capex IntensityCapex / Revenue | 18.0% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $155.7M | ||
| Q3 25 | $-171.0M | $256.1M | ||
| Q2 25 | $-329.0M | $190.4M | ||
| Q1 25 | $-7.2M | $-75.9M | ||
| Q4 24 | $445.3M | $195.7M | ||
| Q3 24 | $-20.0M | $180.5M | ||
| Q2 24 | $113.9M | $193.6M | ||
| Q1 24 | $63.0M | $-38.8M |
| Q4 25 | $-134.8M | $138.6M | ||
| Q3 25 | $-231.6M | $240.9M | ||
| Q2 25 | $-726.7M | $178.9M | ||
| Q1 25 | $-262.3M | $-77.9M | ||
| Q4 24 | $-210.3M | $195.3M | ||
| Q3 24 | $-367.0M | $178.5M | ||
| Q2 24 | $-493.2M | $193.0M | ||
| Q1 24 | $-457.9M | $-39.2M |
| Q4 25 | -41.3% | 26.1% | ||
| Q3 25 | -96.4% | 54.5% | ||
| Q2 25 | -318.6% | 44.6% | ||
| Q1 25 | -68.2% | -24.2% | ||
| Q4 24 | -60.0% | 41.5% | ||
| Q3 24 | -82.3% | 55.7% | ||
| Q2 24 | -169.3% | 53.9% | ||
| Q1 24 | -75.1% | -12.0% |
| Q4 25 | 18.0% | 3.2% | ||
| Q3 25 | 25.2% | 3.4% | ||
| Q2 25 | 174.4% | 2.9% | ||
| Q1 25 | 66.3% | 0.6% | ||
| Q4 24 | 187.0% | 0.1% | ||
| Q3 24 | 77.8% | 0.6% | ||
| Q2 24 | 208.4% | 0.1% | ||
| Q1 24 | 85.5% | 0.1% |
| Q4 25 | — | 2.92× | ||
| Q3 25 | — | 6.43× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | — | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | -2.15× | 8.15× | ||
| Q2 24 | — | 6.84× | ||
| Q1 24 | 1.16× | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
