vs

Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and U S PHYSICAL THERAPY INC (USPH). 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 $202.7M, roughly 1.6× U S PHYSICAL THERAPY INC). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs -259.7%, a 261.7% gap on every dollar of revenue. On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs -7.0%). U S PHYSICAL THERAPY INC produced more free cash flow last quarter ($21.0M vs $-134.8M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% 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.

U.S. Physical Therapy Inc. operates hundreds of outpatient physical therapy clinics across the U.S. It offers rehabilitative care for patients recovering from injuries, surgeries, chronic pain and mobility impairments, plus specialized services including sports medicine and pediatric rehabilitation.

NFE vs USPH — Head-to-Head

Bigger by revenue
NFE
NFE
1.6× larger
NFE
$326.2M
$202.7M
USPH
Growing faster (revenue YoY)
USPH
USPH
+19.3% gap
USPH
12.3%
-7.0%
NFE
Higher net margin
USPH
USPH
261.7% more per $
USPH
2.0%
-259.7%
NFE
More free cash flow
USPH
USPH
$155.8M more FCF
USPH
$21.0M
$-134.8M
NFE
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-26.8%
NFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NFE
NFE
USPH
USPH
Revenue
$326.2M
$202.7M
Net Profit
$-847.1M
$4.2M
Gross Margin
35.5%
19.8%
Operating Margin
-193.0%
8.3%
Net Margin
-259.7%
2.0%
Revenue YoY
-7.0%
12.3%
Net Profit YoY
-277.4%
-55.1%
EPS (diluted)
$-3.03
$-0.44

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
USPH
USPH
Q4 25
$326.2M
$202.7M
Q3 25
$240.3M
$197.1M
Q2 25
$228.1M
$197.3M
Q1 25
$384.9M
$183.8M
Q4 24
$350.7M
$180.4M
Q3 24
$446.0M
$168.0M
Q2 24
$291.2M
$167.2M
Q1 24
$609.5M
$155.7M
Net Profit
NFE
NFE
USPH
USPH
Q4 25
$-847.1M
$4.2M
Q3 25
$-263.0M
$13.1M
Q2 25
$-546.5M
$12.4M
Q1 25
$-175.4M
$9.9M
Q4 24
$-224.4M
$9.2M
Q3 24
$9.3M
$6.6M
Q2 24
$-88.9M
$7.5M
Q1 24
$54.1M
$8.0M
Gross Margin
NFE
NFE
USPH
USPH
Q4 25
35.5%
19.8%
Q3 25
18.1%
18.7%
Q2 25
8.4%
21.1%
Q1 25
21.4%
16.9%
Q4 24
17.6%
18.0%
Q3 24
27.1%
17.3%
Q2 24
23.8%
20.3%
Q1 24
62.4%
18.2%
Operating Margin
NFE
NFE
USPH
USPH
Q4 25
-193.0%
8.3%
Q3 25
-37.4%
12.8%
Q2 25
-170.3%
12.6%
Q1 25
-3.3%
10.7%
Q4 24
65.0%
10.9%
Q3 24
17.8%
7.6%
Q2 24
12.3%
9.3%
Q1 24
30.4%
9.6%
Net Margin
NFE
NFE
USPH
USPH
Q4 25
-259.7%
2.0%
Q3 25
-109.4%
6.7%
Q2 25
-239.6%
6.3%
Q1 25
-45.6%
5.4%
Q4 24
-64.0%
5.1%
Q3 24
2.1%
3.9%
Q2 24
-30.5%
4.5%
Q1 24
8.9%
5.2%
EPS (diluted)
NFE
NFE
USPH
USPH
Q4 25
$-3.03
$-0.44
Q3 25
$-0.96
$0.48
Q2 25
$-1.99
$0.58
Q1 25
$-0.65
$0.80
Q4 24
$-1.10
$0.52
Q3 24
$0.03
$0.39
Q2 24
$-0.42
$0.47
Q1 24
$0.23
$0.46

Balance Sheet & Financial Strength

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

Metric
NFE
NFE
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$226.5M
$35.6M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$182.6M
$476.4M
Total Assets
$10.6B
$1.2B
Debt / EquityLower = less leverage
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NFE
NFE
USPH
USPH
Q4 25
$226.5M
$35.6M
Q3 25
$145.2M
$31.1M
Q2 25
$551.1M
$34.1M
Q1 25
$447.9M
$39.2M
Q4 24
$492.9M
$41.4M
Q3 24
$90.8M
$117.0M
Q2 24
$133.0M
$112.9M
Q1 24
$143.5M
$132.3M
Total Debt
NFE
NFE
USPH
USPH
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NFE
NFE
USPH
USPH
Q4 25
$182.6M
$476.4M
Q3 25
$1.1B
$503.6M
Q2 25
$1.3B
$500.8M
Q1 25
$1.8B
$497.3M
Q4 24
$1.9B
$488.9M
Q3 24
$1.6B
$482.8M
Q2 24
$1.6B
$484.6M
Q1 24
$1.7B
$479.8M
Total Assets
NFE
NFE
USPH
USPH
Q4 25
$10.6B
$1.2B
Q3 25
$12.0B
$1.2B
Q2 25
$12.0B
$1.2B
Q1 25
$13.1B
$1.2B
Q4 24
$12.9B
$1.2B
Q3 24
$12.0B
$1.0B
Q2 24
$11.4B
$1.0B
Q1 24
$10.9B
$1.0B
Debt / Equity
NFE
NFE
USPH
USPH
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
USPH
USPH
Operating Cash FlowLast quarter
$-76.2M
$24.9M
Free Cash FlowOCF − Capex
$-134.8M
$21.0M
FCF MarginFCF / Revenue
-41.3%
10.4%
Capex IntensityCapex / Revenue
18.0%
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NFE
NFE
USPH
USPH
Q4 25
$-76.2M
$24.9M
Q3 25
$-171.0M
$19.9M
Q2 25
$-329.0M
$34.9M
Q1 25
$-7.2M
$-4.7M
Q4 24
$445.3M
$19.4M
Q3 24
$-20.0M
$22.1M
Q2 24
$113.9M
$29.0M
Q1 24
$63.0M
$4.4M
Free Cash Flow
NFE
NFE
USPH
USPH
Q4 25
$-134.8M
$21.0M
Q3 25
$-231.6M
$15.6M
Q2 25
$-726.7M
$31.6M
Q1 25
$-262.3M
$-7.3M
Q4 24
$-210.3M
$16.9M
Q3 24
$-367.0M
$19.6M
Q2 24
$-493.2M
$26.7M
Q1 24
$-457.9M
$2.6M
FCF Margin
NFE
NFE
USPH
USPH
Q4 25
-41.3%
10.4%
Q3 25
-96.4%
7.9%
Q2 25
-318.6%
16.0%
Q1 25
-68.2%
-3.9%
Q4 24
-60.0%
9.4%
Q3 24
-82.3%
11.7%
Q2 24
-169.3%
15.9%
Q1 24
-75.1%
1.7%
Capex Intensity
NFE
NFE
USPH
USPH
Q4 25
18.0%
1.9%
Q3 25
25.2%
2.2%
Q2 25
174.4%
1.6%
Q1 25
66.3%
1.4%
Q4 24
187.0%
1.4%
Q3 24
77.8%
1.5%
Q2 24
208.4%
1.4%
Q1 24
85.5%
1.2%
Cash Conversion
NFE
NFE
USPH
USPH
Q4 25
6.00×
Q3 25
1.52×
Q2 25
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
-2.15×
3.34×
Q2 24
3.86×
Q1 24
1.16×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NFE
NFE

Segment breakdown not available.

USPH
USPH

Net Patient Revenues$169.7M84%
Industrial Injury Prevention Services Revenues$28.9M14%
Management Contract Revenues$2.3M1%

Related Comparisons