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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $326.2M, roughly 1.6× New Fortress Energy Inc.). TIC Solutions, Inc. runs the higher net margin — -9.3% vs -259.7%, a 250.4% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M vs $-134.8M).
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.
NFE vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $508.3M |
| Net Profit | $-847.1M | $-47.2M |
| Gross Margin | 35.5% | 35.2% |
| Operating Margin | -193.0% | -3.8% |
| Net Margin | -259.7% | -9.3% |
| Revenue YoY | -7.0% | — |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | — |
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 | $508.3M | ||
| Q3 25 | $240.3M | $473.9M | ||
| Q2 25 | $228.1M | $313.9M | ||
| Q1 25 | $384.9M | $234.2M | ||
| Q4 24 | $350.7M | — | ||
| Q3 24 | $446.0M | — | ||
| Q2 24 | $291.2M | — | ||
| Q1 24 | $609.5M | — |
| Q4 25 | $-847.1M | $-47.2M | ||
| Q3 25 | $-263.0M | $-13.9M | ||
| Q2 25 | $-546.5M | $-233.0K | ||
| Q1 25 | $-175.4M | $-25.8M | ||
| Q4 24 | $-224.4M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $-88.9M | — | ||
| Q1 24 | $54.1M | — |
| Q4 25 | 35.5% | 35.2% | ||
| Q3 25 | 18.1% | 32.2% | ||
| Q2 25 | 8.4% | 23.6% | ||
| Q1 25 | 21.4% | 18.6% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 62.4% | — |
| Q4 25 | -193.0% | -3.8% | ||
| Q3 25 | -37.4% | -1.4% | ||
| Q2 25 | -170.3% | 5.8% | ||
| Q1 25 | -3.3% | -4.0% | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 30.4% | — |
| Q4 25 | -259.7% | -9.3% | ||
| Q3 25 | -109.4% | -2.9% | ||
| Q2 25 | -239.6% | -0.1% | ||
| Q1 25 | -45.6% | -11.0% | ||
| Q4 24 | -64.0% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | -30.5% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | $-3.03 | — | ||
| Q3 25 | $-0.96 | $-0.08 | ||
| Q2 25 | $-1.99 | — | ||
| Q1 25 | $-0.65 | — | ||
| Q4 24 | $-1.10 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $-0.42 | — | ||
| Q1 24 | $0.23 | — |
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 | $439.5M |
| Total DebtLower is stronger | $8.2B | $1.6B |
| Stockholders' EquityBook value | $182.6M | $2.2B |
| Total Assets | $10.6B | $4.4B |
| Debt / EquityLower = less leverage | 44.78× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $439.5M | ||
| Q3 25 | $145.2M | $164.4M | ||
| Q2 25 | $551.1M | $130.1M | ||
| Q1 25 | $447.9M | $155.7M | ||
| Q4 24 | $492.9M | — | ||
| Q3 24 | $90.8M | — | ||
| Q2 24 | $133.0M | — | ||
| Q1 24 | $143.5M | — |
| Q4 25 | $8.2B | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $2.2B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $10.6B | $4.4B | ||
| Q3 25 | $12.0B | $4.2B | ||
| Q2 25 | $12.0B | $2.2B | ||
| Q1 25 | $13.1B | $2.2B | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.0B | — | ||
| Q2 24 | $11.4B | — | ||
| Q1 24 | $10.9B | — |
| Q4 25 | 44.78× | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | $-134.8M | $37.1M |
| FCF MarginFCF / Revenue | -41.3% | 7.3% |
| Capex IntensityCapex / Revenue | 18.0% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $49.7M | ||
| Q3 25 | $-171.0M | $19.0M | ||
| Q2 25 | $-329.0M | $-6.5M | ||
| Q1 25 | $-7.2M | $32.8M | ||
| Q4 24 | $445.3M | — | ||
| Q3 24 | $-20.0M | — | ||
| Q2 24 | $113.9M | — | ||
| Q1 24 | $63.0M | — |
| Q4 25 | $-134.8M | $37.1M | ||
| Q3 25 | $-231.6M | $10.3M | ||
| Q2 25 | $-726.7M | $-14.5M | ||
| Q1 25 | $-262.3M | $28.3M | ||
| Q4 24 | $-210.3M | — | ||
| Q3 24 | $-367.0M | — | ||
| Q2 24 | $-493.2M | — | ||
| Q1 24 | $-457.9M | — |
| Q4 25 | -41.3% | 7.3% | ||
| Q3 25 | -96.4% | 2.2% | ||
| Q2 25 | -318.6% | -4.6% | ||
| Q1 25 | -68.2% | 12.1% | ||
| Q4 24 | -60.0% | — | ||
| Q3 24 | -82.3% | — | ||
| Q2 24 | -169.3% | — | ||
| Q1 24 | -75.1% | — |
| Q4 25 | 18.0% | 2.5% | ||
| Q3 25 | 25.2% | 1.8% | ||
| Q2 25 | 174.4% | 2.6% | ||
| Q1 25 | 66.3% | 1.9% | ||
| Q4 24 | 187.0% | — | ||
| Q3 24 | 77.8% | — | ||
| Q2 24 | 208.4% | — | ||
| Q1 24 | 85.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
