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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Palomar Holdings, Inc. (PLMR). 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 $253.4M, roughly 1.3× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -7.0%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-134.8M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
NFE vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $253.4M |
| Net Profit | $-847.1M | — |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 28.7% |
| Net Margin | -259.7% | — |
| Revenue YoY | -7.0% | 62.7% |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $240.3M | $244.7M | ||
| Q2 25 | $228.1M | $203.3M | ||
| Q1 25 | $384.9M | $174.6M | ||
| Q4 24 | $350.7M | $155.8M | ||
| Q3 24 | $446.0M | $148.5M | ||
| Q2 24 | $291.2M | $131.1M | ||
| Q1 24 | $609.5M | $118.5M |
| Q4 25 | $-847.1M | — | ||
| Q3 25 | $-263.0M | $51.5M | ||
| Q2 25 | $-546.5M | $46.5M | ||
| Q1 25 | $-175.4M | $42.9M | ||
| Q4 24 | $-224.4M | — | ||
| Q3 24 | $9.3M | $30.5M | ||
| Q2 24 | $-88.9M | $25.7M | ||
| Q1 24 | $54.1M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | -37.4% | 27.4% | ||
| Q2 25 | -170.3% | 29.5% | ||
| Q1 25 | -3.3% | 30.8% | ||
| Q4 24 | 65.0% | 28.9% | ||
| Q3 24 | 17.8% | 25.9% | ||
| Q2 24 | 12.3% | 25.5% | ||
| Q1 24 | 30.4% | 29.0% |
| Q4 25 | -259.7% | — | ||
| Q3 25 | -109.4% | 21.0% | ||
| Q2 25 | -239.6% | 22.9% | ||
| Q1 25 | -45.6% | 24.6% | ||
| Q4 24 | -64.0% | — | ||
| Q3 24 | 2.1% | 20.5% | ||
| Q2 24 | -30.5% | 19.6% | ||
| Q1 24 | 8.9% | 22.3% |
| Q4 25 | $-3.03 | $2.05 | ||
| Q3 25 | $-0.96 | $1.87 | ||
| Q2 25 | $-1.99 | $1.68 | ||
| Q1 25 | $-0.65 | $1.57 | ||
| Q4 24 | $-1.10 | $1.29 | ||
| Q3 24 | $0.03 | $1.15 | ||
| Q2 24 | $-0.42 | $1.00 | ||
| Q1 24 | $0.23 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $942.7M |
| Total Assets | $10.6B | $3.1B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $106.9M | ||
| Q3 25 | $145.2M | $111.7M | ||
| Q2 25 | $551.1M | $81.3M | ||
| Q1 25 | $447.9M | $119.3M | ||
| Q4 24 | $492.9M | $80.4M | ||
| Q3 24 | $90.8M | $86.5M | ||
| Q2 24 | $133.0M | $47.8M | ||
| Q1 24 | $143.5M | $61.4M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.3B | $847.2M | ||
| Q1 25 | $1.8B | $790.4M | ||
| Q4 24 | $1.9B | $729.0M | ||
| Q3 24 | $1.6B | $703.3M | ||
| Q2 24 | $1.6B | $532.6M | ||
| Q1 24 | $1.7B | $501.7M |
| Q4 25 | $10.6B | $3.1B | ||
| Q3 25 | $12.0B | $2.9B | ||
| Q2 25 | $12.0B | $2.8B | ||
| Q1 25 | $13.1B | $2.4B | ||
| Q4 24 | $12.9B | $2.3B | ||
| Q3 24 | $12.0B | $2.3B | ||
| Q2 24 | $11.4B | $2.0B | ||
| Q1 24 | $10.9B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $-134.8M | $409.0M |
| FCF MarginFCF / Revenue | -41.3% | 161.4% |
| Capex IntensityCapex / Revenue | 18.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $409.1M | ||
| Q3 25 | $-171.0M | $83.6M | ||
| Q2 25 | $-329.0M | $120.9M | ||
| Q1 25 | $-7.2M | $87.2M | ||
| Q4 24 | $445.3M | $261.2M | ||
| Q3 24 | $-20.0M | $100.3M | ||
| Q2 24 | $113.9M | $55.1M | ||
| Q1 24 | $63.0M | $33.1M |
| Q4 25 | $-134.8M | $409.0M | ||
| Q3 25 | $-231.6M | $83.6M | ||
| Q2 25 | $-726.7M | $120.8M | ||
| Q1 25 | $-262.3M | $87.1M | ||
| Q4 24 | $-210.3M | $260.9M | ||
| Q3 24 | $-367.0M | $100.1M | ||
| Q2 24 | $-493.2M | — | ||
| Q1 24 | $-457.9M | — |
| Q4 25 | -41.3% | 161.4% | ||
| Q3 25 | -96.4% | 34.2% | ||
| Q2 25 | -318.6% | 59.4% | ||
| Q1 25 | -68.2% | 49.9% | ||
| Q4 24 | -60.0% | 167.5% | ||
| Q3 24 | -82.3% | 67.4% | ||
| Q2 24 | -169.3% | — | ||
| Q1 24 | -75.1% | — |
| Q4 25 | 18.0% | 0.1% | ||
| Q3 25 | 25.2% | 0.0% | ||
| Q2 25 | 174.4% | 0.0% | ||
| Q1 25 | 66.3% | 0.0% | ||
| Q4 24 | 187.0% | 0.2% | ||
| Q3 24 | 77.8% | 0.1% | ||
| Q2 24 | 208.4% | 0.0% | ||
| Q1 24 | 85.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.15× | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | 1.16× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
