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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Tecnoglass Inc. (TGLS). 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 $245.3M, roughly 1.3× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -259.7%, a 270.3% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -7.0%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-134.8M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
NFE vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $245.3M |
| Net Profit | $-847.1M | $26.1M |
| Gross Margin | 35.5% | 40.0% |
| Operating Margin | -193.0% | 18.3% |
| Net Margin | -259.7% | 10.6% |
| Revenue YoY | -7.0% | 2.4% |
| Net Profit YoY | -277.4% | -44.5% |
| EPS (diluted) | $-3.03 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $240.3M | $260.5M | ||
| Q2 25 | $228.1M | $255.5M | ||
| Q1 25 | $384.9M | $222.3M | ||
| Q4 24 | $350.7M | $239.6M | ||
| Q3 24 | $446.0M | $238.3M | ||
| Q2 24 | $291.2M | $219.7M | ||
| Q1 24 | $609.5M | $192.6M |
| Q4 25 | $-847.1M | $26.1M | ||
| Q3 25 | $-263.0M | $47.2M | ||
| Q2 25 | $-546.5M | $44.1M | ||
| Q1 25 | $-175.4M | $42.2M | ||
| Q4 24 | $-224.4M | $47.0M | ||
| Q3 24 | $9.3M | $49.5M | ||
| Q2 24 | $-88.9M | $35.0M | ||
| Q1 24 | $54.1M | $29.7M |
| Q4 25 | 35.5% | 40.0% | ||
| Q3 25 | 18.1% | 42.7% | ||
| Q2 25 | 8.4% | 44.7% | ||
| Q1 25 | 21.4% | 43.9% | ||
| Q4 24 | 17.6% | 44.5% | ||
| Q3 24 | 27.1% | 45.8% | ||
| Q2 24 | 23.8% | 40.8% | ||
| Q1 24 | 62.4% | 38.8% |
| Q4 25 | -193.0% | 18.3% | ||
| Q3 25 | -37.4% | 25.1% | ||
| Q2 25 | -170.3% | 24.0% | ||
| Q1 25 | -3.3% | 26.7% | ||
| Q4 24 | 65.0% | 28.0% | ||
| Q3 24 | 17.8% | 28.4% | ||
| Q2 24 | 12.3% | 23.3% | ||
| Q1 24 | 30.4% | 21.3% |
| Q4 25 | -259.7% | 10.6% | ||
| Q3 25 | -109.4% | 18.1% | ||
| Q2 25 | -239.6% | 17.3% | ||
| Q1 25 | -45.6% | 19.0% | ||
| Q4 24 | -64.0% | 19.6% | ||
| Q3 24 | 2.1% | 20.8% | ||
| Q2 24 | -30.5% | 15.9% | ||
| Q1 24 | 8.9% | 15.4% |
| Q4 25 | $-3.03 | $0.57 | ||
| Q3 25 | $-0.96 | $1.01 | ||
| Q2 25 | $-1.99 | $0.94 | ||
| Q1 25 | $-0.65 | $0.90 | ||
| Q4 24 | $-1.10 | $1.00 | ||
| Q3 24 | $0.03 | $1.05 | ||
| Q2 24 | $-0.42 | $0.75 | ||
| Q1 24 | $0.23 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $8.2B | $174.4M |
| Stockholders' EquityBook value | $182.6M | $713.1M |
| Total Assets | $10.6B | $1.3B |
| Debt / EquityLower = less leverage | 44.78× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $104.1M | ||
| Q3 25 | $145.2M | $127.1M | ||
| Q2 25 | $551.1M | $140.9M | ||
| Q1 25 | $447.9M | $160.2M | ||
| Q4 24 | $492.9M | $137.5M | ||
| Q3 24 | $90.8M | $124.8M | ||
| Q2 24 | $133.0M | $129.5M | ||
| Q1 24 | $143.5M | $138.8M |
| Q4 25 | $8.2B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $8.9B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $182.6M | $713.1M | ||
| Q3 25 | $1.1B | $764.0M | ||
| Q2 25 | $1.3B | $736.0M | ||
| Q1 25 | $1.8B | $685.1M | ||
| Q4 24 | $1.9B | $631.2M | ||
| Q3 24 | $1.6B | $613.3M | ||
| Q2 24 | $1.6B | $574.8M | ||
| Q1 24 | $1.7B | $573.6M |
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $12.0B | $1.2B | ||
| Q2 25 | $12.0B | $1.2B | ||
| Q1 25 | $13.1B | $1.1B | ||
| Q4 24 | $12.9B | $1.0B | ||
| Q3 24 | $12.0B | $996.3M | ||
| Q2 24 | $11.4B | $942.5M | ||
| Q1 24 | $10.9B | $981.6M |
| Q4 25 | 44.78× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 4.74× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $-134.8M | $11.4M |
| FCF MarginFCF / Revenue | -41.3% | 4.7% |
| Capex IntensityCapex / Revenue | 18.0% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $31.0M | ||
| Q3 25 | $-171.0M | $40.0M | ||
| Q2 25 | $-329.0M | $17.9M | ||
| Q1 25 | $-7.2M | $46.9M | ||
| Q4 24 | $445.3M | $61.1M | ||
| Q3 24 | $-20.0M | $41.5M | ||
| Q2 24 | $113.9M | $34.5M | ||
| Q1 24 | $63.0M | $33.4M |
| Q4 25 | $-134.8M | $11.4M | ||
| Q3 25 | $-231.6M | $21.2M | ||
| Q2 25 | $-726.7M | $-14.7M | ||
| Q1 25 | $-262.3M | $16.5M | ||
| Q4 24 | $-210.3M | $35.4M | ||
| Q3 24 | $-367.0M | $17.8M | ||
| Q2 24 | $-493.2M | $14.2M | ||
| Q1 24 | $-457.9M | $23.6M |
| Q4 25 | -41.3% | 4.7% | ||
| Q3 25 | -96.4% | 8.2% | ||
| Q2 25 | -318.6% | -5.7% | ||
| Q1 25 | -68.2% | 7.4% | ||
| Q4 24 | -60.0% | 14.8% | ||
| Q3 24 | -82.3% | 7.5% | ||
| Q2 24 | -169.3% | 6.5% | ||
| Q1 24 | -75.1% | 12.2% |
| Q4 25 | 18.0% | 8.0% | ||
| Q3 25 | 25.2% | 7.2% | ||
| Q2 25 | 174.4% | 12.7% | ||
| Q1 25 | 66.3% | 13.7% | ||
| Q4 24 | 187.0% | 10.7% | ||
| Q3 24 | 77.8% | 9.9% | ||
| Q2 24 | 208.4% | 9.2% | ||
| Q1 24 | 85.5% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | -2.15× | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | 1.16× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
