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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $326.2M, roughly 1.0× New Fortress Energy Inc.). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -259.7%, a 246.8% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -7.0%). New Fortress Energy Inc. produced more free cash flow last quarter ($-134.8M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
NFE vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $340.0M |
| Net Profit | $-847.1M | $-13.9M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | -17.2% |
| Net Margin | -259.7% | -12.9% |
| Revenue YoY | -7.0% | -0.4% |
| Net Profit YoY | -277.4% | -131.0% |
| EPS (diluted) | $-3.03 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $240.3M | $337.7M | ||
| Q2 25 | $228.1M | $319.2M | ||
| Q1 25 | $384.9M | $237.4M | ||
| Q4 24 | $350.7M | $341.5M | ||
| Q3 24 | $446.0M | $292.3M | ||
| Q2 24 | $291.2M | $270.7M | ||
| Q1 24 | $609.5M | $228.1M |
| Q4 25 | $-847.1M | $-13.9M | ||
| Q3 25 | $-263.0M | $33.5M | ||
| Q2 25 | $-546.5M | $34.0M | ||
| Q1 25 | $-175.4M | $2.8M | ||
| Q4 24 | $-224.4M | $44.8M | ||
| Q3 24 | $9.3M | $28.8M | ||
| Q2 24 | $-88.9M | $22.7M | ||
| Q1 24 | $54.1M | $11.9M |
| 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% | -17.2% | ||
| Q3 25 | -37.4% | 13.6% | ||
| Q2 25 | -170.3% | 14.5% | ||
| Q1 25 | -3.3% | 2.2% | ||
| Q4 24 | 65.0% | 15.3% | ||
| Q3 24 | 17.8% | 12.8% | ||
| Q2 24 | 12.3% | 10.4% | ||
| Q1 24 | 30.4% | 6.0% |
| Q4 25 | -259.7% | -12.9% | ||
| Q3 25 | -109.4% | 9.9% | ||
| Q2 25 | -239.6% | 10.6% | ||
| Q1 25 | -45.6% | 1.2% | ||
| Q4 24 | -64.0% | 13.1% | ||
| Q3 24 | 2.1% | 9.9% | ||
| Q2 24 | -30.5% | 8.4% | ||
| Q1 24 | 8.9% | 5.2% |
| Q4 25 | $-3.03 | $-0.41 | ||
| Q3 25 | $-0.96 | $0.98 | ||
| Q2 25 | $-1.99 | $0.99 | ||
| Q1 25 | $-0.65 | $0.08 | ||
| Q4 24 | $-1.10 | $1.32 | ||
| Q3 24 | $0.03 | $0.85 | ||
| Q2 24 | $-0.42 | $0.67 | ||
| Q1 24 | $0.23 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | $1.7B |
| Total Assets | $10.6B | $5.1B |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $299.3M | ||
| Q3 25 | $145.2M | $274.8M | ||
| Q2 25 | $551.1M | $233.7M | ||
| Q1 25 | $447.9M | $181.0M | ||
| Q4 24 | $492.9M | $279.3M | ||
| Q3 24 | $90.8M | $179.8M | ||
| Q2 24 | $133.0M | $208.1M | ||
| Q1 24 | $143.5M | $216.5M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.7B | $1.7B |
| Q4 25 | $10.6B | $5.1B | ||
| Q3 25 | $12.0B | $5.8B | ||
| Q2 25 | $12.0B | $4.7B | ||
| Q1 25 | $13.1B | $4.5B | ||
| Q4 24 | $12.9B | $4.4B | ||
| Q3 24 | $12.0B | $4.6B | ||
| Q2 24 | $11.4B | $4.2B | ||
| Q1 24 | $10.9B | $3.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-76.2M | $-664.3M |
| Free Cash FlowOCF − Capex | $-134.8M | $-680.1M |
| FCF MarginFCF / Revenue | -41.3% | -200.0% |
| Capex IntensityCapex / Revenue | 18.0% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $-664.3M | ||
| Q3 25 | $-171.0M | $-948.1M | ||
| Q2 25 | $-329.0M | $-238.5M | ||
| Q1 25 | $-7.2M | $-281.1M | ||
| Q4 24 | $445.3M | $129.4M | ||
| Q3 24 | $-20.0M | $-202.0M | ||
| Q2 24 | $113.9M | $-237.8M | ||
| Q1 24 | $63.0M | $38.4M |
| Q4 25 | $-134.8M | $-680.1M | ||
| Q3 25 | $-231.6M | $-950.4M | ||
| Q2 25 | $-726.7M | $-241.0M | ||
| Q1 25 | $-262.3M | $-284.7M | ||
| Q4 24 | $-210.3M | $116.4M | ||
| Q3 24 | $-367.0M | $-204.0M | ||
| Q2 24 | $-493.2M | $-241.7M | ||
| Q1 24 | $-457.9M | $35.2M |
| Q4 25 | -41.3% | -200.0% | ||
| Q3 25 | -96.4% | -281.5% | ||
| Q2 25 | -318.6% | -75.5% | ||
| Q1 25 | -68.2% | -120.0% | ||
| Q4 24 | -60.0% | 34.1% | ||
| Q3 24 | -82.3% | -69.8% | ||
| Q2 24 | -169.3% | -89.3% | ||
| Q1 24 | -75.1% | 15.4% |
| Q4 25 | 18.0% | 4.6% | ||
| Q3 25 | 25.2% | 0.7% | ||
| Q2 25 | 174.4% | 0.8% | ||
| Q1 25 | 66.3% | 1.5% | ||
| Q4 24 | 187.0% | 3.8% | ||
| Q3 24 | 77.8% | 0.7% | ||
| Q2 24 | 208.4% | 1.4% | ||
| Q1 24 | 85.5% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | -2.15× | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | 1.16× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
