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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($543.0M vs $326.2M, roughly 1.7× New Fortress Energy Inc.). Wendy's Co runs the higher net margin — 4.9% vs -259.7%, a 264.5% gap on every dollar of revenue. On growth, Wendy's Co posted the faster year-over-year revenue change (-5.5% vs -7.0%). Wendy's Co produced more free cash flow last quarter ($31.4M vs $-134.8M). Over the past eight quarters, Wendy's Co's revenue compounded faster (0.8% 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.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
NFE vs WEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $543.0M |
| Net Profit | $-847.1M | $26.5M |
| Gross Margin | 35.5% | 62.7% |
| Operating Margin | -193.0% | 11.8% |
| Net Margin | -259.7% | 4.9% |
| Revenue YoY | -7.0% | -5.5% |
| Net Profit YoY | -277.4% | -44.2% |
| EPS (diluted) | $-3.03 | $0.14 |
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 | $543.0M | ||
| Q3 25 | $240.3M | $549.5M | ||
| Q2 25 | $228.1M | $560.9M | ||
| Q1 25 | $384.9M | $523.5M | ||
| Q4 24 | $350.7M | $574.3M | ||
| Q3 24 | $446.0M | $566.7M | ||
| Q2 24 | $291.2M | $570.7M | ||
| Q1 24 | $609.5M | $534.8M |
| Q4 25 | $-847.1M | $26.5M | ||
| Q3 25 | $-263.0M | $44.3M | ||
| Q2 25 | $-546.5M | $55.1M | ||
| Q1 25 | $-175.4M | $39.2M | ||
| Q4 24 | $-224.4M | $47.5M | ||
| Q3 24 | $9.3M | $50.2M | ||
| Q2 24 | $-88.9M | $54.6M | ||
| Q1 24 | $54.1M | $42.0M |
| Q4 25 | 35.5% | 62.7% | ||
| Q3 25 | 18.1% | 62.8% | ||
| Q2 25 | 8.4% | 65.0% | ||
| Q1 25 | 21.4% | 64.1% | ||
| Q4 24 | 17.6% | 65.9% | ||
| Q3 24 | 27.1% | 65.5% | ||
| Q2 24 | 23.8% | 65.0% | ||
| Q1 24 | 62.4% | 64.1% |
| Q4 25 | -193.0% | 11.8% | ||
| Q3 25 | -37.4% | 16.8% | ||
| Q2 25 | -170.3% | 18.6% | ||
| Q1 25 | -3.3% | 15.9% | ||
| Q4 24 | 65.0% | 16.7% | ||
| Q3 24 | 17.8% | 16.7% | ||
| Q2 24 | 12.3% | 17.4% | ||
| Q1 24 | 30.4% | 15.2% |
| Q4 25 | -259.7% | 4.9% | ||
| Q3 25 | -109.4% | 8.1% | ||
| Q2 25 | -239.6% | 9.8% | ||
| Q1 25 | -45.6% | 7.5% | ||
| Q4 24 | -64.0% | 8.3% | ||
| Q3 24 | 2.1% | 8.9% | ||
| Q2 24 | -30.5% | 9.6% | ||
| Q1 24 | 8.9% | 7.9% |
| Q4 25 | $-3.03 | $0.14 | ||
| Q3 25 | $-0.96 | $0.23 | ||
| Q2 25 | $-1.99 | $0.29 | ||
| Q1 25 | $-0.65 | $0.19 | ||
| Q4 24 | $-1.10 | $0.23 | ||
| Q3 24 | $0.03 | $0.25 | ||
| Q2 24 | $-0.42 | $0.27 | ||
| Q1 24 | $0.23 | $0.20 |
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 | $300.8M |
| Total DebtLower is stronger | $8.2B | $2.8B |
| Stockholders' EquityBook value | $182.6M | $117.4M |
| Total Assets | $10.6B | $5.0B |
| Debt / EquityLower = less leverage | 44.78× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $300.8M | ||
| Q3 25 | $145.2M | $291.4M | ||
| Q2 25 | $551.1M | $281.2M | ||
| Q1 25 | $447.9M | $335.3M | ||
| Q4 24 | $492.9M | $450.5M | ||
| Q3 24 | $90.8M | $482.2M | ||
| Q2 24 | $133.0M | $465.5M | ||
| Q1 24 | $143.5M | $498.3M |
| Q4 25 | $8.2B | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $8.9B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $182.6M | $117.4M | ||
| Q3 25 | $1.1B | $109.2M | ||
| Q2 25 | $1.3B | $112.9M | ||
| Q1 25 | $1.8B | $130.2M | ||
| Q4 24 | $1.9B | $259.4M | ||
| Q3 24 | $1.6B | $259.9M | ||
| Q2 24 | $1.6B | $273.8M | ||
| Q1 24 | $1.7B | $293.7M |
| Q4 25 | $10.6B | $5.0B | ||
| Q3 25 | $12.0B | $5.0B | ||
| Q2 25 | $12.0B | $4.9B | ||
| Q1 25 | $13.1B | $4.9B | ||
| Q4 24 | $12.9B | $5.0B | ||
| Q3 24 | $12.0B | $5.1B | ||
| Q2 24 | $11.4B | $5.1B | ||
| Q1 24 | $10.9B | $5.2B |
| Q4 25 | 44.78× | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | 4.74× | 10.57× | ||
| 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 | $69.3M |
| Free Cash FlowOCF − Capex | $-134.8M | $31.4M |
| FCF MarginFCF / Revenue | -41.3% | 5.8% |
| Capex IntensityCapex / Revenue | 18.0% | 7.0% |
| Cash ConversionOCF / Net Profit | — | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $69.3M | ||
| Q3 25 | $-171.0M | $129.3M | ||
| Q2 25 | $-329.0M | $60.6M | ||
| Q1 25 | $-7.2M | $85.4M | ||
| Q4 24 | $445.3M | $68.6M | ||
| Q3 24 | $-20.0M | $141.2M | ||
| Q2 24 | $113.9M | $45.5M | ||
| Q1 24 | $63.0M | $100.0M |
| Q4 25 | $-134.8M | $31.4M | ||
| Q3 25 | $-231.6M | $104.3M | ||
| Q2 25 | $-726.7M | $39.2M | ||
| Q1 25 | $-262.3M | $67.7M | ||
| Q4 24 | $-210.3M | $26.6M | ||
| Q3 24 | $-367.0M | $123.3M | ||
| Q2 24 | $-493.2M | $28.4M | ||
| Q1 24 | $-457.9M | $82.6M |
| Q4 25 | -41.3% | 5.8% | ||
| Q3 25 | -96.4% | 19.0% | ||
| Q2 25 | -318.6% | 7.0% | ||
| Q1 25 | -68.2% | 12.9% | ||
| Q4 24 | -60.0% | 4.6% | ||
| Q3 24 | -82.3% | 21.8% | ||
| Q2 24 | -169.3% | 5.0% | ||
| Q1 24 | -75.1% | 15.5% |
| Q4 25 | 18.0% | 7.0% | ||
| Q3 25 | 25.2% | 4.5% | ||
| Q2 25 | 174.4% | 3.8% | ||
| Q1 25 | 66.3% | 3.4% | ||
| Q4 24 | 187.0% | 7.3% | ||
| Q3 24 | 77.8% | 3.2% | ||
| Q2 24 | 208.4% | 3.0% | ||
| Q1 24 | 85.5% | 3.2% |
| Q4 25 | — | 2.62× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | -2.15× | 2.81× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | 1.16× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
