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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $208.0M, roughly 1.6× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -259.7%, a 275.9% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -10.9%). VIRTUS INVESTMENT PARTNERS, INC. produced more free cash flow last quarter ($-74.1M vs $-134.8M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
NFE vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $208.0M |
| Net Profit | $-847.1M | $33.9M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 19.1% |
| Net Margin | -259.7% | 16.3% |
| Revenue YoY | -7.0% | -10.9% |
| Net Profit YoY | -277.4% | -14.2% |
| EPS (diluted) | $-3.03 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $240.3M | $216.4M | ||
| Q2 25 | $228.1M | $210.5M | ||
| Q1 25 | $384.9M | $217.9M | ||
| Q4 24 | $350.7M | $233.5M | ||
| Q3 24 | $446.0M | $227.0M | ||
| Q2 24 | $291.2M | $224.4M | ||
| Q1 24 | $609.5M | $222.0M |
| Q4 25 | $-847.1M | $33.9M | ||
| Q3 25 | $-263.0M | $31.3M | ||
| Q2 25 | $-546.5M | $42.7M | ||
| Q1 25 | $-175.4M | $28.1M | ||
| Q4 24 | $-224.4M | $39.5M | ||
| Q3 24 | $9.3M | $49.1M | ||
| Q2 24 | $-88.9M | $26.0M | ||
| Q1 24 | $54.1M | $37.9M |
| 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 24 | 62.4% | — |
| Q4 25 | -193.0% | 19.1% | ||
| Q3 25 | -37.4% | 21.7% | ||
| Q2 25 | -170.3% | 21.5% | ||
| Q1 25 | -3.3% | 16.8% | ||
| Q4 24 | 65.0% | 21.7% | ||
| Q3 24 | 17.8% | 24.3% | ||
| Q2 24 | 12.3% | 19.7% | ||
| Q1 24 | 30.4% | 14.5% |
| Q4 25 | -259.7% | 16.3% | ||
| Q3 25 | -109.4% | 14.5% | ||
| Q2 25 | -239.6% | 20.3% | ||
| Q1 25 | -45.6% | 12.9% | ||
| Q4 24 | -64.0% | 16.9% | ||
| Q3 24 | 2.1% | 21.6% | ||
| Q2 24 | -30.5% | 11.6% | ||
| Q1 24 | 8.9% | 17.1% |
| Q4 25 | $-3.03 | $5.15 | ||
| Q3 25 | $-0.96 | $4.65 | ||
| Q2 25 | $-1.99 | $6.12 | ||
| Q1 25 | $-0.65 | $4.05 | ||
| Q4 24 | $-1.10 | $4.65 | ||
| Q3 24 | $0.03 | $5.71 | ||
| Q2 24 | $-0.42 | $2.43 | ||
| Q1 24 | $0.23 | $4.10 |
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 | — |
| Total DebtLower is stronger | $8.2B | $390.0M |
| Stockholders' EquityBook value | $182.6M | $934.0M |
| Total Assets | $10.6B | $4.3B |
| Debt / EquityLower = less leverage | 44.78× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | — | ||
| Q3 25 | $145.2M | — | ||
| Q2 25 | $551.1M | — | ||
| Q1 25 | $447.9M | — | ||
| Q4 24 | $492.9M | — | ||
| Q3 24 | $90.8M | — | ||
| Q2 24 | $133.0M | — | ||
| Q1 24 | $143.5M | — |
| Q4 25 | $8.2B | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $8.9B | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $182.6M | $934.0M | ||
| Q3 25 | $1.1B | $918.7M | ||
| Q2 25 | $1.3B | $896.4M | ||
| Q1 25 | $1.8B | $893.7M | ||
| Q4 24 | $1.9B | $897.5M | ||
| Q3 24 | $1.6B | $889.0M | ||
| Q2 24 | $1.6B | $868.7M | ||
| Q1 24 | $1.7B | $871.7M |
| Q4 25 | $10.6B | $4.3B | ||
| Q3 25 | $12.0B | $3.9B | ||
| Q2 25 | $12.0B | $3.7B | ||
| Q1 25 | $13.1B | $3.7B | ||
| Q4 24 | $12.9B | $4.0B | ||
| Q3 24 | $12.0B | $3.6B | ||
| Q2 24 | $11.4B | $3.6B | ||
| Q1 24 | $10.9B | $3.5B |
| Q4 25 | 44.78× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 4.74× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $-134.8M | $-74.1M |
| FCF MarginFCF / Revenue | -41.3% | -35.6% |
| Capex IntensityCapex / Revenue | 18.0% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $-67.2M | ||
| Q3 25 | $-171.0M | $108.3M | ||
| Q2 25 | $-329.0M | $75.8M | ||
| Q1 25 | $-7.2M | $-3.8M | ||
| Q4 24 | $445.3M | $1.8M | ||
| Q3 24 | $-20.0M | $69.1M | ||
| Q2 24 | $113.9M | $70.0M | ||
| Q1 24 | $63.0M | $-34.5M |
| Q4 25 | $-134.8M | $-74.1M | ||
| Q3 25 | $-231.6M | $106.9M | ||
| Q2 25 | $-726.7M | $74.2M | ||
| Q1 25 | $-262.3M | $-6.8M | ||
| Q4 24 | $-210.3M | $-3.8M | ||
| Q3 24 | $-367.0M | $68.7M | ||
| Q2 24 | $-493.2M | $68.6M | ||
| Q1 24 | $-457.9M | $-36.5M |
| Q4 25 | -41.3% | -35.6% | ||
| Q3 25 | -96.4% | 49.4% | ||
| Q2 25 | -318.6% | 35.2% | ||
| Q1 25 | -68.2% | -3.1% | ||
| Q4 24 | -60.0% | -1.6% | ||
| Q3 24 | -82.3% | 30.3% | ||
| Q2 24 | -169.3% | 30.6% | ||
| Q1 24 | -75.1% | -16.4% |
| Q4 25 | 18.0% | 3.3% | ||
| Q3 25 | 25.2% | 0.7% | ||
| Q2 25 | 174.4% | 0.7% | ||
| Q1 25 | 66.3% | 1.4% | ||
| Q4 24 | 187.0% | 2.4% | ||
| Q3 24 | 77.8% | 0.2% | ||
| Q2 24 | 208.4% | 0.6% | ||
| Q1 24 | 85.5% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | -2.15× | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | 1.16× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
