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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Wingstop Inc. (WING). 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 $183.7M, roughly 1.8× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs -259.7%, a 275.9% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -7.0%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
NFE vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $183.7M |
| Net Profit | $-847.1M | $29.9M |
| Gross Margin | 35.5% | 86.5% |
| Operating Margin | -193.0% | 27.4% |
| Net Margin | -259.7% | 16.3% |
| Revenue YoY | -7.0% | 7.4% |
| Net Profit YoY | -277.4% | — |
| EPS (diluted) | $-3.03 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $326.2M | $175.7M | ||
| Q3 25 | $240.3M | $175.7M | ||
| Q2 25 | $228.1M | $174.3M | ||
| Q1 25 | $384.9M | $171.1M | ||
| Q4 24 | $350.7M | $161.8M | ||
| Q3 24 | $446.0M | $162.5M | ||
| Q2 24 | $291.2M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-847.1M | $26.8M | ||
| Q3 25 | $-263.0M | $28.5M | ||
| Q2 25 | $-546.5M | $26.8M | ||
| Q1 25 | $-175.4M | $92.3M | ||
| Q4 24 | $-224.4M | $26.8M | ||
| Q3 24 | $9.3M | $25.7M | ||
| Q2 24 | $-88.9M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 21.4% | — | ||
| Q4 24 | 17.6% | 85.6% | ||
| Q3 24 | 27.1% | 85.0% | ||
| Q2 24 | 23.8% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -193.0% | 26.7% | ||
| Q3 25 | -37.4% | 27.9% | ||
| Q2 25 | -170.3% | 25.9% | ||
| Q1 25 | -3.3% | 22.4% | ||
| Q4 24 | 65.0% | 25.9% | ||
| Q3 24 | 17.8% | 24.5% | ||
| Q2 24 | 12.3% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -259.7% | 15.2% | ||
| Q3 25 | -109.4% | 16.2% | ||
| Q2 25 | -239.6% | 15.4% | ||
| Q1 25 | -45.6% | 53.9% | ||
| Q4 24 | -64.0% | 16.5% | ||
| Q3 24 | 2.1% | 15.8% | ||
| Q2 24 | -30.5% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-3.03 | $0.99 | ||
| Q3 25 | $-0.96 | $1.02 | ||
| Q2 25 | $-1.99 | $0.96 | ||
| Q1 25 | $-0.65 | $3.24 | ||
| Q4 24 | $-1.10 | $0.91 | ||
| Q3 24 | $0.03 | $0.88 | ||
| Q2 24 | $-0.42 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $182.6M | — |
| Total Assets | $10.6B | $648.9M |
| Debt / EquityLower = less leverage | 44.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $226.5M | $196.6M | ||
| Q3 25 | $145.2M | $237.6M | ||
| Q2 25 | $551.1M | $227.9M | ||
| Q1 25 | $447.9M | $251.4M | ||
| Q4 24 | $492.9M | $315.9M | ||
| Q3 24 | $90.8M | $84.0M | ||
| Q2 24 | $133.0M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $182.6M | $-736.8M | ||
| Q3 25 | $1.1B | $-702.6M | ||
| Q2 25 | $1.3B | $-686.0M | ||
| Q1 25 | $1.8B | $-715.0M | ||
| Q4 24 | $1.9B | $-675.6M | ||
| Q3 24 | $1.6B | $-447.5M | ||
| Q2 24 | $1.6B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $10.6B | $693.4M | ||
| Q3 25 | $12.0B | $721.0M | ||
| Q2 25 | $12.0B | $708.3M | ||
| Q1 25 | $13.1B | $696.8M | ||
| Q4 24 | $12.9B | $716.2M | ||
| Q3 24 | $12.0B | $484.8M | ||
| Q2 24 | $11.4B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $-134.8M | — |
| FCF MarginFCF / Revenue | -41.3% | — |
| Capex IntensityCapex / Revenue | 18.0% | — |
| 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 | $57.3M | ||
| Q3 25 | $-171.0M | $63.9M | ||
| Q2 25 | $-329.0M | $6.6M | ||
| Q1 25 | $-7.2M | $25.3M | ||
| Q4 24 | $445.3M | $7.7M | ||
| Q3 24 | $-20.0M | $69.0M | ||
| Q2 24 | $113.9M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-134.8M | $34.5M | ||
| Q3 25 | $-231.6M | $61.7M | ||
| Q2 25 | $-726.7M | $-7.8M | ||
| Q1 25 | $-262.3M | $17.3M | ||
| Q4 24 | $-210.3M | $-8.6M | ||
| Q3 24 | $-367.0M | $54.9M | ||
| Q2 24 | $-493.2M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | -41.3% | 19.6% | ||
| Q3 25 | -96.4% | 35.1% | ||
| Q2 25 | -318.6% | -4.5% | ||
| Q1 25 | -68.2% | 10.1% | ||
| Q4 24 | -60.0% | -5.3% | ||
| Q3 24 | -82.3% | 33.8% | ||
| Q2 24 | -169.3% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 13.0% | ||
| Q3 25 | 25.2% | 1.3% | ||
| Q2 25 | 174.4% | 8.2% | ||
| Q1 25 | 66.3% | 4.7% | ||
| Q4 24 | 187.0% | 10.1% | ||
| Q3 24 | 77.8% | 8.7% | ||
| Q2 24 | 208.4% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | -2.15× | 2.68× | ||
| Q2 24 | — | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
