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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and REPLIGEN CORP (RGEN). 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 $197.9M, roughly 1.6× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 6.7% vs -259.7%, a 266.4% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs -7.0%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $-134.8M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

NFE vs RGEN — Head-to-Head

Bigger by revenue
NFE
NFE
1.6× larger
NFE
$326.2M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+20.6% gap
RGEN
13.6%
-7.0%
NFE
Higher net margin
RGEN
RGEN
266.4% more per $
RGEN
6.7%
-259.7%
NFE
More free cash flow
RGEN
RGEN
$152.3M more FCF
RGEN
$17.6M
$-134.8M
NFE
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-26.8%
NFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NFE
NFE
RGEN
RGEN
Revenue
$326.2M
$197.9M
Net Profit
$-847.1M
$13.3M
Gross Margin
35.5%
52.5%
Operating Margin
-193.0%
9.0%
Net Margin
-259.7%
6.7%
Revenue YoY
-7.0%
13.6%
Net Profit YoY
-277.4%
143.9%
EPS (diluted)
$-3.03
$0.24

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.

Revenue
NFE
NFE
RGEN
RGEN
Q4 25
$326.2M
$197.9M
Q3 25
$240.3M
$188.8M
Q2 25
$228.1M
$182.4M
Q1 25
$384.9M
$169.2M
Q4 24
$350.7M
$174.1M
Q3 24
$446.0M
$154.9M
Q2 24
$291.2M
$154.1M
Q1 24
$609.5M
$151.3M
Net Profit
NFE
NFE
RGEN
RGEN
Q4 25
$-847.1M
$13.3M
Q3 25
$-263.0M
$14.9M
Q2 25
$-546.5M
$14.9M
Q1 25
$-175.4M
$5.8M
Q4 24
$-224.4M
$-30.3M
Q3 24
$9.3M
$-654.0K
Q2 24
$-88.9M
$3.3M
Q1 24
$54.1M
$2.1M
Gross Margin
NFE
NFE
RGEN
RGEN
Q4 25
35.5%
52.5%
Q3 25
18.1%
53.2%
Q2 25
8.4%
50.0%
Q1 25
21.4%
53.6%
Q4 24
17.6%
26.1%
Q3 24
27.1%
50.0%
Q2 24
23.8%
49.8%
Q1 24
62.4%
49.5%
Operating Margin
NFE
NFE
RGEN
RGEN
Q4 25
-193.0%
9.0%
Q3 25
-37.4%
8.9%
Q2 25
-170.3%
7.6%
Q1 25
-3.3%
3.9%
Q4 24
65.0%
-17.7%
Q3 24
17.8%
-5.1%
Q2 24
12.3%
1.0%
Q1 24
30.4%
1.3%
Net Margin
NFE
NFE
RGEN
RGEN
Q4 25
-259.7%
6.7%
Q3 25
-109.4%
7.9%
Q2 25
-239.6%
8.2%
Q1 25
-45.6%
3.4%
Q4 24
-64.0%
-17.4%
Q3 24
2.1%
-0.4%
Q2 24
-30.5%
2.2%
Q1 24
8.9%
1.4%
EPS (diluted)
NFE
NFE
RGEN
RGEN
Q4 25
$-3.03
$0.24
Q3 25
$-0.96
$0.26
Q2 25
$-1.99
$0.26
Q1 25
$-0.65
$0.10
Q4 24
$-1.10
$-0.55
Q3 24
$0.03
$-0.01
Q2 24
$-0.42
$0.06
Q1 24
$0.23
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NFE
NFE
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$226.5M
$767.6M
Total DebtLower is stronger
$8.2B
$542.2M
Stockholders' EquityBook value
$182.6M
$2.1B
Total Assets
$10.6B
$2.9B
Debt / EquityLower = less leverage
44.78×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NFE
NFE
RGEN
RGEN
Q4 25
$226.5M
$767.6M
Q3 25
$145.2M
$748.7M
Q2 25
$551.1M
$708.9M
Q1 25
$447.9M
$697.2M
Q4 24
$492.9M
$757.4M
Q3 24
$90.8M
$784.0M
Q2 24
$133.0M
$809.1M
Q1 24
$143.5M
$780.6M
Total Debt
NFE
NFE
RGEN
RGEN
Q4 25
$8.2B
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$8.9B
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NFE
NFE
RGEN
RGEN
Q4 25
$182.6M
$2.1B
Q3 25
$1.1B
$2.1B
Q2 25
$1.3B
$2.1B
Q1 25
$1.8B
$2.0B
Q4 24
$1.9B
$2.0B
Q3 24
$1.6B
$2.0B
Q2 24
$1.6B
$2.0B
Q1 24
$1.7B
$2.0B
Total Assets
NFE
NFE
RGEN
RGEN
Q4 25
$10.6B
$2.9B
Q3 25
$12.0B
$2.9B
Q2 25
$12.0B
$2.9B
Q1 25
$13.1B
$2.9B
Q4 24
$12.9B
$2.8B
Q3 24
$12.0B
$2.8B
Q2 24
$11.4B
$2.9B
Q1 24
$10.9B
$2.8B
Debt / Equity
NFE
NFE
RGEN
RGEN
Q4 25
44.78×
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
4.74×
0.27×
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
NFE
NFE
RGEN
RGEN
Operating Cash FlowLast quarter
$-76.2M
$25.7M
Free Cash FlowOCF − Capex
$-134.8M
$17.6M
FCF MarginFCF / Revenue
-41.3%
8.9%
Capex IntensityCapex / Revenue
18.0%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NFE
NFE
RGEN
RGEN
Q4 25
$-76.2M
$25.7M
Q3 25
$-171.0M
$48.1M
Q2 25
$-329.0M
$28.6M
Q1 25
$-7.2M
$15.0M
Q4 24
$445.3M
$39.2M
Q3 24
$-20.0M
$49.3M
Q2 24
$113.9M
$42.2M
Q1 24
$63.0M
$44.7M
Free Cash Flow
NFE
NFE
RGEN
RGEN
Q4 25
$-134.8M
$17.6M
Q3 25
$-231.6M
$43.4M
Q2 25
$-726.7M
$21.5M
Q1 25
$-262.3M
$11.4M
Q4 24
$-210.3M
$33.6M
Q3 24
$-367.0M
$42.3M
Q2 24
$-493.2M
$37.4M
Q1 24
$-457.9M
$36.4M
FCF Margin
NFE
NFE
RGEN
RGEN
Q4 25
-41.3%
8.9%
Q3 25
-96.4%
23.0%
Q2 25
-318.6%
11.8%
Q1 25
-68.2%
6.8%
Q4 24
-60.0%
19.3%
Q3 24
-82.3%
27.3%
Q2 24
-169.3%
24.3%
Q1 24
-75.1%
24.0%
Capex Intensity
NFE
NFE
RGEN
RGEN
Q4 25
18.0%
4.1%
Q3 25
25.2%
2.5%
Q2 25
174.4%
3.9%
Q1 25
66.3%
2.1%
Q4 24
187.0%
3.2%
Q3 24
77.8%
4.5%
Q2 24
208.4%
3.1%
Q1 24
85.5%
5.5%
Cash Conversion
NFE
NFE
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
-2.15×
Q2 24
12.70×
Q1 24
1.16×
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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