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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($475.9M vs $326.2M, roughly 1.5× New Fortress Energy Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs -259.7%, a 270.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs -7.0%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
NFE vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $475.9M |
| Net Profit | $-847.1M | $49.7M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 14.9% |
| Net Margin | -259.7% | 10.5% |
| Revenue YoY | -7.0% | 44.8% |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | $1.09 |
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 | — | $475.9M | ||
| Q4 25 | $326.2M | $385.6M | ||
| Q3 25 | $240.3M | $382.5M | ||
| Q2 25 | $228.1M | $319.9M | ||
| Q1 25 | $384.9M | $328.5M | ||
| Q4 24 | $350.7M | $304.4M | ||
| Q3 24 | $446.0M | $300.9M | ||
| Q2 24 | $291.2M | $279.9M |
| Q1 26 | — | $49.7M | ||
| Q4 25 | $-847.1M | $43.2M | ||
| Q3 25 | $-263.0M | $45.9M | ||
| Q2 25 | $-546.5M | $38.8M | ||
| Q1 25 | $-175.4M | $42.1M | ||
| Q4 24 | $-224.4M | $14.4M | ||
| Q3 24 | $9.3M | $36.7M | ||
| Q2 24 | $-88.9M | $31.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 14.9% | ||
| Q4 25 | -193.0% | 14.2% | ||
| Q3 25 | -37.4% | 15.8% | ||
| Q2 25 | -170.3% | 15.6% | ||
| Q1 25 | -3.3% | 15.7% | ||
| Q4 24 | 65.0% | 6.1% | ||
| Q3 24 | 17.8% | 15.6% | ||
| Q2 24 | 12.3% | 14.4% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | -259.7% | 11.2% | ||
| Q3 25 | -109.4% | 12.0% | ||
| Q2 25 | -239.6% | 12.1% | ||
| Q1 25 | -45.6% | 12.8% | ||
| Q4 24 | -64.0% | 4.7% | ||
| Q3 24 | 2.1% | 12.2% | ||
| Q2 24 | -30.5% | 11.1% |
| Q1 26 | — | $1.09 | ||
| Q4 25 | $-3.03 | $1.03 | ||
| Q3 25 | $-0.96 | $1.10 | ||
| Q2 25 | $-1.99 | $0.93 | ||
| Q1 25 | $-0.65 | $1.01 | ||
| Q4 24 | $-1.10 | $0.33 | ||
| Q3 24 | $0.03 | $0.89 | ||
| Q2 24 | $-0.42 | $0.75 |
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 | $4.1M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $1.2B |
| Total Assets | $10.6B | $6.5B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $226.5M | $168.5M | ||
| Q3 25 | $145.2M | $160.1M | ||
| Q2 25 | $551.1M | $136.6M | ||
| Q1 25 | $447.9M | $112.9M | ||
| Q4 24 | $492.9M | $121.6M | ||
| Q3 24 | $90.8M | $105.6M | ||
| Q2 24 | $133.0M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $182.6M | $1.0B | ||
| Q3 25 | $1.1B | $961.4M | ||
| Q2 25 | $1.3B | $899.9M | ||
| Q1 25 | $1.8B | $850.7M | ||
| Q4 24 | $1.9B | $794.0M | ||
| Q3 24 | $1.6B | $797.5M | ||
| Q2 24 | $1.6B | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $10.6B | $4.8B | ||
| Q3 25 | $12.0B | $4.6B | ||
| Q2 25 | $12.0B | $4.3B | ||
| Q1 25 | $13.1B | $4.0B | ||
| Q4 24 | $12.9B | $3.7B | ||
| Q3 24 | $12.0B | $3.6B | ||
| Q2 24 | $11.4B | $3.4B |
| 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 | — |
| FCF MarginFCF / Revenue | -41.3% | — |
| Capex IntensityCapex / Revenue | 18.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-76.2M | $408.1M | ||
| Q3 25 | $-171.0M | $171.4M | ||
| Q2 25 | $-329.0M | $88.2M | ||
| Q1 25 | $-7.2M | $96.8M | ||
| Q4 24 | $445.3M | $305.1M | ||
| Q3 24 | $-20.0M | $168.0M | ||
| Q2 24 | $113.9M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-134.8M | $402.6M | ||
| Q3 25 | $-231.6M | $168.9M | ||
| Q2 25 | $-726.7M | $87.1M | ||
| Q1 25 | $-262.3M | $96.6M | ||
| Q4 24 | $-210.3M | $300.9M | ||
| Q3 24 | $-367.0M | $167.6M | ||
| Q2 24 | $-493.2M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | -41.3% | 104.4% | ||
| Q3 25 | -96.4% | 44.2% | ||
| Q2 25 | -318.6% | 27.2% | ||
| Q1 25 | -68.2% | 29.4% | ||
| Q4 24 | -60.0% | 98.8% | ||
| Q3 24 | -82.3% | 55.7% | ||
| Q2 24 | -169.3% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 1.4% | ||
| Q3 25 | 25.2% | 0.6% | ||
| Q2 25 | 174.4% | 0.3% | ||
| Q1 25 | 66.3% | 0.1% | ||
| Q4 24 | 187.0% | 1.4% | ||
| Q3 24 | 77.8% | 0.1% | ||
| Q2 24 | 208.4% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | -2.15× | 4.58× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
