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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and LiveRamp Holdings, Inc. (RAMP). 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 $212.2M, roughly 1.5× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -259.7%, a 278.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -7.0%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
NFE vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $212.2M |
| Net Profit | $-847.1M | $39.9M |
| Gross Margin | 35.5% | 71.9% |
| Operating Margin | -193.0% | 18.6% |
| Net Margin | -259.7% | 18.8% |
| Revenue YoY | -7.0% | 8.6% |
| Net Profit YoY | -277.4% | 255.7% |
| EPS (diluted) | $-3.03 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $240.3M | $199.8M | ||
| Q2 25 | $228.1M | $194.8M | ||
| Q1 25 | $384.9M | $188.7M | ||
| Q4 24 | $350.7M | $195.4M | ||
| Q3 24 | $446.0M | $185.5M | ||
| Q2 24 | $291.2M | $176.0M | ||
| Q1 24 | $609.5M | $171.9M |
| Q4 25 | $-847.1M | $39.9M | ||
| Q3 25 | $-263.0M | $27.4M | ||
| Q2 25 | $-546.5M | $7.7M | ||
| Q1 25 | $-175.4M | $-6.3M | ||
| Q4 24 | $-224.4M | $11.2M | ||
| Q3 24 | $9.3M | $1.7M | ||
| Q2 24 | $-88.9M | $-7.5M | ||
| Q1 24 | $54.1M | $-5.4M |
| Q4 25 | 35.5% | 71.9% | ||
| Q3 25 | 18.1% | 70.2% | ||
| Q2 25 | 8.4% | 70.1% | ||
| Q1 25 | 21.4% | 69.3% | ||
| Q4 24 | 17.6% | 71.9% | ||
| Q3 24 | 27.1% | 72.4% | ||
| Q2 24 | 23.8% | 70.6% | ||
| Q1 24 | 62.4% | 72.2% |
| Q4 25 | -193.0% | 18.6% | ||
| Q3 25 | -37.4% | 10.7% | ||
| Q2 25 | -170.3% | 3.7% | ||
| Q1 25 | -3.3% | -6.1% | ||
| Q4 24 | 65.0% | 7.5% | ||
| Q3 24 | 17.8% | 4.0% | ||
| Q2 24 | 12.3% | -3.0% | ||
| Q1 24 | 30.4% | -8.3% |
| Q4 25 | -259.7% | 18.8% | ||
| Q3 25 | -109.4% | 13.7% | ||
| Q2 25 | -239.6% | 4.0% | ||
| Q1 25 | -45.6% | -3.3% | ||
| Q4 24 | -64.0% | 5.7% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | -30.5% | -4.3% | ||
| Q1 24 | 8.9% | -3.1% |
| Q4 25 | $-3.03 | $0.62 | ||
| Q3 25 | $-0.96 | $0.42 | ||
| Q2 25 | $-1.99 | $0.12 | ||
| Q1 25 | $-0.65 | $-0.10 | ||
| Q4 24 | $-1.10 | $0.17 | ||
| Q3 24 | $0.03 | $0.03 | ||
| Q2 24 | $-0.42 | $-0.11 | ||
| Q1 24 | $0.23 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $962.3M |
| Total Assets | $10.6B | $1.3B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $403.4M | ||
| Q3 25 | $145.2M | $376.9M | ||
| Q2 25 | $551.1M | $371.1M | ||
| Q1 25 | $447.9M | $420.8M | ||
| Q4 24 | $492.9M | $384.3M | ||
| Q3 24 | $90.8M | $348.4M | ||
| Q2 24 | $133.0M | $342.7M | ||
| Q1 24 | $143.5M | $368.9M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $962.3M | ||
| Q3 25 | $1.1B | $943.8M | ||
| Q2 25 | $1.3B | $947.8M | ||
| Q1 25 | $1.8B | $948.9M | ||
| Q4 24 | $1.9B | $957.7M | ||
| Q3 24 | $1.6B | $932.1M | ||
| Q2 24 | $1.6B | $951.9M | ||
| Q1 24 | $1.7B | $949.1M |
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $12.0B | $1.2B | ||
| Q2 25 | $12.0B | $1.2B | ||
| Q1 25 | $13.1B | $1.3B | ||
| Q4 24 | $12.9B | $1.3B | ||
| Q3 24 | $12.0B | $1.2B | ||
| Q2 24 | $11.4B | $1.2B | ||
| Q1 24 | $10.9B | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | $-134.8M | — |
| FCF MarginFCF / Revenue | -41.3% | — |
| Capex IntensityCapex / Revenue | 18.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | — | ||
| Q3 25 | $-171.0M | $57.4M | ||
| Q2 25 | $-329.0M | $-15.8M | ||
| Q1 25 | $-7.2M | — | ||
| Q4 24 | $445.3M | $45.1M | ||
| Q3 24 | $-20.0M | $55.6M | ||
| Q2 24 | $113.9M | $-9.3M | ||
| Q1 24 | $63.0M | — |
| Q4 25 | $-134.8M | — | ||
| Q3 25 | $-231.6M | $56.8M | ||
| Q2 25 | $-726.7M | $-16.2M | ||
| Q1 25 | $-262.3M | — | ||
| Q4 24 | $-210.3M | $44.8M | ||
| Q3 24 | $-367.0M | $55.4M | ||
| Q2 24 | $-493.2M | $-9.6M | ||
| Q1 24 | $-457.9M | — |
| Q4 25 | -41.3% | — | ||
| Q3 25 | -96.4% | 28.4% | ||
| Q2 25 | -318.6% | -8.3% | ||
| Q1 25 | -68.2% | — | ||
| Q4 24 | -60.0% | 22.9% | ||
| Q3 24 | -82.3% | 29.8% | ||
| Q2 24 | -169.3% | -5.4% | ||
| Q1 24 | -75.1% | — |
| Q4 25 | 18.0% | 0.1% | ||
| Q3 25 | 25.2% | 0.3% | ||
| Q2 25 | 174.4% | 0.2% | ||
| Q1 25 | 66.3% | 0.2% | ||
| Q4 24 | 187.0% | 0.1% | ||
| Q3 24 | 77.8% | 0.1% | ||
| Q2 24 | 208.4% | 0.1% | ||
| Q1 24 | 85.5% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | -2.15× | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
