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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $326.2M, roughly 1.3× New Fortress Energy Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -259.7%, a 304.2% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -7.0%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% 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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
NFE vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $425.8M |
| Net Profit | $-847.1M | $189.8M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 54.0% |
| Net Margin | -259.7% | 44.6% |
| Revenue YoY | -7.0% | 0.9% |
| Net Profit YoY | -277.4% | 147.2% |
| EPS (diluted) | $-3.03 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $326.2M | $433.1M | ||
| Q3 25 | $240.3M | $431.9M | ||
| Q2 25 | $228.1M | $425.4M | ||
| Q1 25 | $384.9M | $421.9M | ||
| Q4 24 | $350.7M | $422.7M | ||
| Q3 24 | $446.0M | $420.2M | ||
| Q2 24 | $291.2M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-847.1M | $222.9M | ||
| Q3 25 | $-263.0M | $40.4M | ||
| Q2 25 | $-546.5M | $37.7M | ||
| Q1 25 | $-175.4M | $76.7M | ||
| Q4 24 | $-224.4M | $-5.0M | ||
| Q3 24 | $9.3M | $22.6M | ||
| Q2 24 | $-88.9M | $28.9M |
| 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 | — | 54.0% | ||
| Q4 25 | -193.0% | 64.1% | ||
| Q3 25 | -37.4% | 17.7% | ||
| Q2 25 | -170.3% | 18.2% | ||
| Q1 25 | -3.3% | 29.0% | ||
| Q4 24 | 65.0% | 15.7% | ||
| Q3 24 | 17.8% | 16.6% | ||
| Q2 24 | 12.3% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -259.7% | 51.5% | ||
| Q3 25 | -109.4% | 9.4% | ||
| Q2 25 | -239.6% | 8.9% | ||
| Q1 25 | -45.6% | 18.2% | ||
| Q4 24 | -64.0% | -220.5% | ||
| Q3 24 | 2.1% | 5.4% | ||
| Q2 24 | -30.5% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $-3.03 | $0.67 | ||
| Q3 25 | $-0.96 | $0.12 | ||
| Q2 25 | $-1.99 | $0.11 | ||
| Q1 25 | $-0.65 | $0.23 | ||
| Q4 24 | $-1.10 | $-0.01 | ||
| Q3 24 | $0.03 | $0.06 | ||
| Q2 24 | $-0.42 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $3.3B |
| Total Assets | $10.6B | $10.3B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $226.5M | $1.2M | ||
| Q3 25 | $145.2M | $1.2M | ||
| Q2 25 | $551.1M | $1.5M | ||
| Q1 25 | $447.9M | $1.3M | ||
| Q4 24 | $492.9M | $1.3M | ||
| Q3 24 | $90.8M | $2.3M | ||
| Q2 24 | $133.0M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | $8.9B | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $182.6M | $3.3B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.9B | $3.4B | ||
| Q3 24 | $1.6B | $3.5B | ||
| Q2 24 | $1.6B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $10.6B | $10.6B | ||
| Q3 25 | $12.0B | $10.6B | ||
| Q2 25 | $12.0B | $10.6B | ||
| Q1 25 | $13.1B | $10.7B | ||
| Q4 24 | $12.9B | $10.9B | ||
| Q3 24 | $12.0B | $11.1B | ||
| Q2 24 | $11.4B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 44.78× | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | 4.74× | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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% | 4.9% |
| 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 | $902.9M | ||
| Q3 25 | $-171.0M | $234.9M | ||
| Q2 25 | $-329.0M | $250.3M | ||
| Q1 25 | $-7.2M | $156.2M | ||
| Q4 24 | $445.3M | $876.8M | ||
| Q3 24 | $-20.0M | $230.3M | ||
| Q2 24 | $113.9M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-134.8M | $650.0M | ||
| Q3 25 | $-231.6M | $164.6M | ||
| Q2 25 | $-726.7M | $190.1M | ||
| Q1 25 | $-262.3M | $103.2M | ||
| Q4 24 | $-210.3M | $627.0M | ||
| Q3 24 | $-367.0M | $161.3M | ||
| Q2 24 | $-493.2M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | -41.3% | 150.1% | ||
| Q3 25 | -96.4% | 38.1% | ||
| Q2 25 | -318.6% | 44.7% | ||
| Q1 25 | -68.2% | 24.5% | ||
| Q4 24 | -60.0% | 148.3% | ||
| Q3 24 | -82.3% | 38.4% | ||
| Q2 24 | -169.3% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 18.0% | 58.4% | ||
| Q3 25 | 25.2% | 16.3% | ||
| Q2 25 | 174.4% | 14.2% | ||
| Q1 25 | 66.3% | 12.6% | ||
| Q4 24 | 187.0% | 59.1% | ||
| Q3 24 | 77.8% | 16.4% | ||
| Q2 24 | 208.4% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.15× | 10.19× | ||
| Q2 24 | — | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
