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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Sonos Inc (SONO). 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 $287.9M, roughly 1.1× Sonos Inc). Sonos Inc runs the higher net margin — -13.1% vs -259.7%, a 246.5% gap on every dollar of revenue. On growth, Sonos Inc posted the faster year-over-year revenue change (12.7% vs -7.0%). Over the past eight quarters, New Fortress Energy Inc.'s revenue compounded faster (-26.8% CAGR vs -31.5%).

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.

Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai.

NFE vs SONO — Head-to-Head

Bigger by revenue
NFE
NFE
1.1× larger
NFE
$326.2M
$287.9M
SONO
Growing faster (revenue YoY)
SONO
SONO
+19.7% gap
SONO
12.7%
-7.0%
NFE
Higher net margin
SONO
SONO
246.5% more per $
SONO
-13.1%
-259.7%
NFE
Faster 2-yr revenue CAGR
NFE
NFE
Annualised
NFE
-26.8%
-31.5%
SONO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NFE
NFE
SONO
SONO
Revenue
$326.2M
$287.9M
Net Profit
$-847.1M
$-37.9M
Gross Margin
35.5%
43.7%
Operating Margin
-193.0%
-12.0%
Net Margin
-259.7%
-13.1%
Revenue YoY
-7.0%
12.7%
Net Profit YoY
-277.4%
28.7%
EPS (diluted)
$-3.03
$-0.30

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
SONO
SONO
Q4 25
$326.2M
Q3 25
$240.3M
$287.9M
Q2 25
$228.1M
$344.8M
Q1 25
$384.9M
$259.8M
Q4 24
$350.7M
$550.9M
Q3 24
$446.0M
$255.4M
Q2 24
$291.2M
$397.1M
Q1 24
$609.5M
$252.7M
Net Profit
NFE
NFE
SONO
SONO
Q4 25
$-847.1M
Q3 25
$-263.0M
$-37.9M
Q2 25
$-546.5M
$-3.4M
Q1 25
$-175.4M
$-70.1M
Q4 24
$-224.4M
$50.2M
Q3 24
$9.3M
$-53.1M
Q2 24
$-88.9M
$3.7M
Q1 24
$54.1M
$-69.7M
Gross Margin
NFE
NFE
SONO
SONO
Q4 25
35.5%
Q3 25
18.1%
43.7%
Q2 25
8.4%
43.4%
Q1 25
21.4%
43.7%
Q4 24
17.6%
43.8%
Q3 24
27.1%
40.3%
Q2 24
23.8%
48.3%
Q1 24
62.4%
44.3%
Operating Margin
NFE
NFE
SONO
SONO
Q4 25
-193.0%
Q3 25
-37.4%
-12.0%
Q2 25
-170.3%
-0.8%
Q1 25
-3.3%
-23.6%
Q4 24
65.0%
8.7%
Q3 24
17.8%
-27.2%
Q2 24
12.3%
3.2%
Q1 24
30.4%
-28.1%
Net Margin
NFE
NFE
SONO
SONO
Q4 25
-259.7%
Q3 25
-109.4%
-13.1%
Q2 25
-239.6%
-1.0%
Q1 25
-45.6%
-27.0%
Q4 24
-64.0%
9.1%
Q3 24
2.1%
-20.8%
Q2 24
-30.5%
0.9%
Q1 24
8.9%
-27.6%
EPS (diluted)
NFE
NFE
SONO
SONO
Q4 25
$-3.03
Q3 25
$-0.96
$-0.30
Q2 25
$-1.99
$-0.03
Q1 25
$-0.65
$-0.58
Q4 24
$-1.10
$0.40
Q3 24
$0.03
$-0.42
Q2 24
$-0.42
$0.03
Q1 24
$0.23
$-0.56

Balance Sheet & Financial Strength

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

Metric
NFE
NFE
SONO
SONO
Cash + ST InvestmentsLiquidity on hand
$226.5M
$174.7M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$182.6M
$355.2M
Total Assets
$10.6B
$823.3M
Debt / EquityLower = less leverage
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NFE
NFE
SONO
SONO
Q4 25
$226.5M
Q3 25
$145.2M
$174.7M
Q2 25
$551.1M
$201.3M
Q1 25
$447.9M
$173.2M
Q4 24
$492.9M
$280.0M
Q3 24
$90.8M
$169.7M
Q2 24
$133.0M
$227.1M
Q1 24
$143.5M
$246.0M
Total Debt
NFE
NFE
SONO
SONO
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NFE
NFE
SONO
SONO
Q4 25
$182.6M
Q3 25
$1.1B
$355.2M
Q2 25
$1.3B
$399.3M
Q1 25
$1.8B
$382.9M
Q4 24
$1.9B
$469.1M
Q3 24
$1.6B
$428.6M
Q2 24
$1.6B
$464.4M
Q1 24
$1.7B
$494.0M
Total Assets
NFE
NFE
SONO
SONO
Q4 25
$10.6B
Q3 25
$12.0B
$823.3M
Q2 25
$12.0B
$834.4M
Q1 25
$13.1B
$792.2M
Q4 24
$12.9B
$963.6M
Q3 24
$12.0B
$916.3M
Q2 24
$11.4B
$961.1M
Q1 24
$10.9B
$925.6M
Debt / Equity
NFE
NFE
SONO
SONO
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
NFE
NFE
SONO
SONO
Operating Cash FlowLast quarter
$-76.2M
$2.9M
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.

Operating Cash Flow
NFE
NFE
SONO
SONO
Q4 25
$-76.2M
Q3 25
$-171.0M
$2.9M
Q2 25
$-329.0M
$37.4M
Q1 25
$-7.2M
$-59.7M
Q4 24
$445.3M
$156.2M
Q3 24
$-20.0M
$-37.7M
Q2 24
$113.9M
$63.5M
Q1 24
$63.0M
$-111.2M
Free Cash Flow
NFE
NFE
SONO
SONO
Q4 25
$-134.8M
Q3 25
$-231.6M
Q2 25
$-726.7M
$32.7M
Q1 25
$-262.3M
$-65.2M
Q4 24
$-210.3M
$143.1M
Q3 24
$-367.0M
Q2 24
$-493.2M
$40.3M
Q1 24
$-457.9M
$-121.4M
FCF Margin
NFE
NFE
SONO
SONO
Q4 25
-41.3%
Q3 25
-96.4%
Q2 25
-318.6%
9.5%
Q1 25
-68.2%
-25.1%
Q4 24
-60.0%
26.0%
Q3 24
-82.3%
Q2 24
-169.3%
10.1%
Q1 24
-75.1%
-48.1%
Capex Intensity
NFE
NFE
SONO
SONO
Q4 25
18.0%
Q3 25
25.2%
Q2 25
174.4%
1.4%
Q1 25
66.3%
2.1%
Q4 24
187.0%
2.4%
Q3 24
77.8%
Q2 24
208.4%
5.8%
Q1 24
85.5%
4.0%
Cash Conversion
NFE
NFE
SONO
SONO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.11×
Q3 24
-2.15×
Q2 24
17.12×
Q1 24
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NFE
NFE

Segment breakdown not available.

SONO
SONO

Sonos Speakers$206.5M72%
Sonos System Products$65.2M23%
Partner Products And Other Revenue$16.2M6%

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