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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $326.2M, roughly 1.2× New Fortress Energy Inc.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -7.0%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-134.8M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
NFE vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $376.9M |
| Net Profit | $-847.1M | — |
| Gross Margin | 35.5% | 17.3% |
| Operating Margin | -193.0% | 1.9% |
| Net Margin | -259.7% | — |
| Revenue YoY | -7.0% | 11.7% |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $240.3M | $366.9M | ||
| Q2 25 | $228.1M | $353.6M | ||
| Q1 25 | $384.9M | $342.0M | ||
| Q4 24 | $350.7M | $337.3M | ||
| Q3 24 | $446.0M | $327.5M | ||
| Q2 24 | $291.2M | $314.8M | ||
| Q1 24 | $609.5M | $306.1M |
| Q4 25 | $-847.1M | — | ||
| Q3 25 | $-263.0M | — | ||
| Q2 25 | $-546.5M | — | ||
| Q1 25 | $-175.4M | — | ||
| Q4 24 | $-224.4M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $-88.9M | — | ||
| Q1 24 | $54.1M | — |
| Q4 25 | 35.5% | 17.3% | ||
| Q3 25 | 18.1% | 16.4% | ||
| Q2 25 | 8.4% | 15.5% | ||
| Q1 25 | 21.4% | 14.9% | ||
| Q4 24 | 17.6% | 15.7% | ||
| Q3 24 | 27.1% | 15.1% | ||
| Q2 24 | 23.8% | 12.8% | ||
| Q1 24 | 62.4% | 11.8% |
| Q4 25 | -193.0% | 1.9% | ||
| Q3 25 | -37.4% | 1.6% | ||
| Q2 25 | -170.3% | 0.7% | ||
| Q1 25 | -3.3% | -0.4% | ||
| Q4 24 | 65.0% | 0.1% | ||
| Q3 24 | 17.8% | 0.5% | ||
| Q2 24 | 12.3% | -1.7% | ||
| Q1 24 | 30.4% | -2.0% |
| Q4 25 | -259.7% | — | ||
| Q3 25 | -109.4% | — | ||
| Q2 25 | -239.6% | — | ||
| Q1 25 | -45.6% | — | ||
| Q4 24 | -64.0% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | -30.5% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | $-3.03 | $0.13 | ||
| Q3 25 | $-0.96 | $0.13 | ||
| Q2 25 | $-1.99 | $0.22 | ||
| Q1 25 | $-0.65 | $-0.03 | ||
| Q4 24 | $-1.10 | $0.04 | ||
| Q3 24 | $0.03 | $0.03 | ||
| Q2 24 | $-0.42 | $-0.14 | ||
| Q1 24 | $0.23 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $8.2B | $101.8M |
| Stockholders' EquityBook value | $182.6M | $383.9M |
| Total Assets | $10.6B | $915.0M |
| Debt / EquityLower = less leverage | 44.78× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $370.7M | ||
| Q3 25 | $145.2M | $348.5M | ||
| Q2 25 | $551.1M | $319.6M | ||
| Q1 25 | $447.9M | $321.8M | ||
| Q4 24 | $492.9M | $307.4M | ||
| Q3 24 | $90.8M | $293.1M | ||
| Q2 24 | $133.0M | $277.2M | ||
| Q1 24 | $143.5M | $275.2M |
| Q4 25 | $8.2B | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $383.9M | ||
| Q3 25 | $1.1B | $368.6M | ||
| Q2 25 | $1.3B | $355.5M | ||
| Q1 25 | $1.8B | $333.7M | ||
| Q4 24 | $1.9B | $323.3M | ||
| Q3 24 | $1.6B | $320.2M | ||
| Q2 24 | $1.6B | $305.8M | ||
| Q1 24 | $1.7B | $303.4M |
| Q4 25 | $10.6B | $915.0M | ||
| Q3 25 | $12.0B | $880.2M | ||
| Q2 25 | $12.0B | $847.8M | ||
| Q1 25 | $13.1B | $837.2M | ||
| Q4 24 | $12.9B | $806.9M | ||
| Q3 24 | $12.0B | $816.1M | ||
| Q2 24 | $11.4B | $795.9M | ||
| Q1 24 | $10.9B | $789.5M |
| Q4 25 | 44.78× | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $-134.8M | $25.3M |
| FCF MarginFCF / Revenue | -41.3% | 6.7% |
| Capex IntensityCapex / Revenue | 18.0% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $29.3M | ||
| Q3 25 | $-171.0M | $29.2M | ||
| Q2 25 | $-329.0M | $15.0M | ||
| Q1 25 | $-7.2M | $16.0M | ||
| Q4 24 | $445.3M | $23.7M | ||
| Q3 24 | $-20.0M | $15.3M | ||
| Q2 24 | $113.9M | $6.9M | ||
| Q1 24 | $63.0M | $2.4M |
| Q4 25 | $-134.8M | $25.3M | ||
| Q3 25 | $-231.6M | $23.9M | ||
| Q2 25 | $-726.7M | $12.0M | ||
| Q1 25 | $-262.3M | $14.0M | ||
| Q4 24 | $-210.3M | $21.8M | ||
| Q3 24 | $-367.0M | $13.4M | ||
| Q2 24 | $-493.2M | $4.0M | ||
| Q1 24 | $-457.9M | $-631.0K |
| Q4 25 | -41.3% | 6.7% | ||
| Q3 25 | -96.4% | 6.5% | ||
| Q2 25 | -318.6% | 3.4% | ||
| Q1 25 | -68.2% | 4.1% | ||
| Q4 24 | -60.0% | 6.5% | ||
| Q3 24 | -82.3% | 4.1% | ||
| Q2 24 | -169.3% | 1.3% | ||
| Q1 24 | -75.1% | -0.2% |
| Q4 25 | 18.0% | 1.0% | ||
| Q3 25 | 25.2% | 1.4% | ||
| Q2 25 | 174.4% | 0.8% | ||
| Q1 25 | 66.3% | 0.6% | ||
| Q4 24 | 187.0% | 0.6% | ||
| Q3 24 | 77.8% | 0.6% | ||
| Q2 24 | 208.4% | 0.9% | ||
| Q1 24 | 85.5% | 1.0% |
| 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.
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
