New Fortress Energy Inc. (NFE) Key Metrics
NFE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $67.7M
- Enterprise value
- $9.00B
- P/E (TTM)
- — 10-yr median 45.8
- Forward P/E
- 212.8
- PEG ratio
- 26.52
- Price / sales
- 0.1 10-yr median 3.2
- Price / book
- 1.1 10-yr median 2.7
- EV / EBITDA
- 70.1 10-yr median 27.8
- Dividend yield
- —
- Beta
- 1.42
NFE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNFE valuation Price multiples at each fiscal year-end price.
Price / sales−84.9%
0.2
2025 · hover or tap a bar for each year
20162025
Price / book−1.3%
1.7
2025 · hover or tap a bar for each year
20162025
Free cash flow yield−327.2 pts
−388.8%
2025 · hover or tap a bar for each year
20162025
NFE returns How much profit the business earns on the capital it uses.
Return on equity−164.9 pts
−179.1%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−5.7 pts
−1.4%
2025 · hover or tap a bar for each year
20162025
Return on assets−13.6 pts
−15.7%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+4.0 pts
−82.1%
2025 · hover or tap a bar for each year
20162025
Asset turnover−36.5%
0.13
2025 · hover or tap a bar for each year
20162025
NFE per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−50.1%
$270.05
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$331.02
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$221.60
2025 · hover or tap a bar for each year
20162025
Book value per share−92.4%
$32.79
2025 · hover or tap a bar for each year
20162025
Dividends per share−95.8%
$0.62
2025 · hover or tap a bar for each year
20162025
Shares outstanding+27.4%
5.6M
2025 · hover or tap a bar for each year
20162025
NFE financial health Debt, liquidity and how easily interest is covered.
Debt / equity+826.9%
46.92
2025 · hover or tap a bar for each year
20162025
Net debt−$792.4M
$8.21B
2025 · hover or tap a bar for each year
20162025
Current ratio−84.0%
0.15
2025 · hover or tap a bar for each year
20162025
Interest coverage
-0.2
2025 · hover or tap a bar for each year
20162025
Debt / assets+10.0%
0.81
2025 · hover or tap a bar for each year
20162025
NFE efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+75 days
146 days
2025 · hover or tap a bar for each year
20162025
Days of inventory−2 days
30 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+13 days
161 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+61 days
14 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−67.6 pts
43.3%
2025 · hover or tap a bar for each year
20162025
NFE valuation history
Fiscal year-endToday10-year median
NFE returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NFE debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NFE cash returned to shareholders
DividendsBuybacksFree cash flow
NFE price vs earnings per share
Share price at year-endEPS (right axis)
NFE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $317.5M | $3.31B | $7.79B | $8.90B | $4.87B | — | — | — | — | — |
| Enterprise value | $8.53B | $12.31B | $15.01B | $13.12B | $8.82B | — | — | — | — | — |
| P/E ratio | — | — | 14.2 | 45.8 | 50.1 | — | — | — | — | — |
| Price / sales | 0.2 | 1.4 | 3.2 | 3.8 | 3.7 | — | — | — | — | — |
| Price / book | 1.7 | 1.8 | 4.8 | 6.9 | 2.7 | — | — | — | — | — |
| Price / operating cash flow | — | 5.6 | 9.4 | 25.1 | 57.4 | — | — | — | — | — |
| EV / sales | 5.7 | 5.2 | 6.2 | 5.5 | 6.7 | — | — | — | — | — |
| EV / EBITDA | — | 47.8 | 13.5 | 30.5 | 25.2 | — | — | — | — | — |
| Earnings yield | −580.7% | −7.5% | 7.0% | 2.2% | 2.0% | — | — | — | — | — |
| Free cash flow yield | −388.8% | −61.5% | −28.3% | −9.2% | −12.0% | — | — | — | — | — |
| Dividend yield | 1.1% | 2.0% | 9.3% | 1.1% | 1.8% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.1% | 2.0% | 9.4% | 1.9% | 2.4% | — | — | — | — | — |
| Share price at fiscal year-end | $57.00 | $756.00 | $1,886.50 | $2,121.00 | $1,207.00 | $2,679.50 | $783.50 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $270.05 | $540.86 | $584.38 | $564.27 | $327.91 | — | — | $1.65 | $1.50 | $0.36 |
| Earnings per share | −$331.02 | −$56.96 | $132.67 | $46.34 | $24.07 | — | — | −$1.15 | −$0.49 | −$0.56 |
| Operating cash flow per share | −$104.75 | $134.19 | $199.72 | $84.61 | $21.01 | — | — | −$1.37 | −$0.84 | −$0.74 |
| Free cash flow per share | −$221.60 | −$465.30 | −$533.96 | −$195.11 | −$144.91 | — | — | −$4.04 | −$1.29 | −$2.38 |
| Cash per share | $64.09 | $112.72 | $37.63 | $160.94 | $46.48 | — | — | $1.15 | $1.30 | $3.07 |
| Book value per share | $32.79 | $429.15 | $397.15 | $307.31 | $444.11 | — | — | $4.16 | $4.29 | $4.93 |
| Tangible book value per share | −$0.89 | $212.83 | $196.51 | $101.78 | $220.25 | — | — | $3.53 | $4.29 | $4.93 |
| Dividends per share | $0.62 | $14.94 | $175.31 | $23.60 | $22.00 | — | — | $0.50 | $0.52 | — |
| Capex per share | $116.85 | $599.49 | $733.68 | $279.72 | $165.92 | — | — | $2.67 | $0.44 | $1.64 |
| Debt per share | $1,538.74 | $2,172.32 | $1,785.67 | $1,165.70 | $1,025.35 | — | — | $4.01 | $1.16 | $1.37 |
| Shares outstanding | 5.6M | 4.4M | 4.1M | 4.2M | 4.0M | — | — | 67.9M | 65.0M | 58.8M |
| Change in shares outstanding | +27.4% | +5.9% | −1.6% | +4.0% | — | — | — | +4.5% | +10.6% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −179.1% | −14.2% | 37.4% | 12.6% | 9.0% | −80.6% | −18.4% | −27.8% | −11.1% | −11.4% |
| Return on invested capital (ROIC) | −1.4% | 4.3% | 10.8% | 13.1% | 6.1% | −13.6% | −25.7% | −12.4% | −8.6% | −11.3% |
| Return on assets (ROA) | −15.7% | −2.1% | 6.0% | 2.7% | 2.2% | −12.0% | −3.7% | −14.5% | −8.2% | −8.5% |
| Return on tangible assets | −17.8% | −2.1% | 5.7% | 2.8% | 1.6% | −9.8% | −3.2% | −11.9% | −8.3% | −8.5% |
| Free cash flow margin | −82.1% | −86.0% | −91.4% | −34.6% | −44.2% | −62.6% | −323.2% | −244.3% | −86.0% | −653.5% |
| Income quality (OCF / net income) | — | — | 1.51 | 1.83 | 0.87 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $8.57B | $9.50B | $7.37B | $4.89B | $4.14B | $1.36B | $619.1M | $272.2M | $75.3M | $80.4M |
| Cash & short-term investments | $356.9M | $492.9M | $155.4M | $675.5M | $187.5M | $601.5M | $27.1M | $78.3M | $84.7M | $180.7M |
| Net debt | $8.21B | $9.01B | $7.22B | $4.22B | $3.95B | $757.8M | $592.0M | $193.9M | −$9.5M | −$100.3M |
| Debt / equity | 46.92 | 5.06 | 4.50 | 3.79 | 2.31 | 3.70 | 7.30 | 0.96 | 0.27 | 0.28 |
| Debt / assets | 0.81 | 0.74 | 0.70 | 0.63 | 0.60 | 0.71 | 0.55 | 0.39 | 0.20 | 0.21 |
| Net debt / EBITDA | — | 34.93 | 6.50 | 9.79 | 11.27 | — | — | — | — | — |
| Current ratio | 0.15 | 0.94 | 0.57 | 0.98 | 1.04 | 3.99 | 2.06 | 0.38 | 4.83 | 8.66 |
| Quick ratio | 0.14 | 0.88 | 0.51 | 0.96 | 0.97 | 3.87 | 1.44 | 0.34 | 4.48 | 8.34 |
| Interest coverage | -0.2 | 1.6 | 3.4 | 3.1 | 1.5 | -2.4 | -9.6 | -5.2 | -3.9 | -5.3 |
| Working capital | −$7.34B | −$97.3M | −$726.3M | −$22.1M | $22.4M | $570.9M | $108.9M | −$251.0M | $122.9M | $187.4M |
| Invested capital | $8.40B | $10.88B | $8.86B | $5.51B | $5.74B | $1.12B | $676.8M | $476.5M | $269.5M | $189.1M |
| Tangible asset value | $122.0M | $1.05B | $949.3M | $579.2M | $1.09B | $329.0M | $326.0M | $239.6M | $278.9M | $289.4M |
| Net current asset value | −$8.94B | −$9.26B | −$7.74B | −$4.88B | −$4.30B | −$771.0M | −$525.4M | −$263.0M | $52.7M | $112.2M |
| Graham number | — | — | $1,088.82 | $566.04 | $490.44 | — | — | — | — | — |
| Graham net-net per share | −$1,668.03 | −$2,278.55 | −$1,982.29 | −$1,269.77 | −$1,113.69 | — | — | −$4.53 | $0.05 | $1.66 |
| Capital allocation | ||||||||||
| Dividends paid | $3.5M | $65.3M | $724.0M | $99.0M | $88.8M | $33.7M | $33.7M | $33.7M | $33.7M | — |
| Share buybacks (net) | — | — | $9.5M | $72.6M | $30.1M | $0 | $0 | — | $192,000 | $1.1M |
| Dividend payout ratio | — | — | 132.1% | 50.9% | 91.4% | — | — | — | — | — |
| Capex / revenue | 43.3% | 110.8% | 125.5% | 49.6% | 50.6% | 34.8% | 199.4% | 161.3% | 29.5% | 450.2% |
| Capex / operating cash flow | — | 446.7% | 367.4% | 330.6% | 789.6% | — | — | — | — | — |
| Capex / depreciation | 2.69 | 16.13 | 16.17 | 8.18 | 6.72 | 4.71 | 43.64 | 44.91 | 8.94 | 40.32 |
| Stock-based compensation / revenue | 1.0% | 2.1% | 0.1% | 1.3% | 2.8% | 1.9% | 21.9% | 2.8% | — | 5.5% |
| SG&A / revenue | 20.4% | 12.1% | 9.4% | 10.0% | 15.1% | 27.5% | 80.9% | 55.3% | 34.3% | 84.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 145.7 | 70.6 | 56.9 | 43.4 | 44.3 | 52.2 | 80.0 | 82.8 | 70.1 | 285.6 |
| Days of inventory on hand | 29.7 | 31.4 | 25.1 | 11.4 | 14.3 | 48.3 | 68.9 | 47.0 | 39.8 | 100.0 |
| Days payables outstanding | 160.9 | 148.2 | 103.5 | 22.3 | 21.3 | 18.4 | 47.5 | 85.8 | 24.6 | 69.0 |
| Cash conversion cycle (days) | 14.5 | -46.2 | -21.6 | 32.6 | 37.3 | 82.0 | 101.4 | 44.0 | 85.3 | 316.6 |
| Receivables turnover | 2.51 | 5.17 | 6.42 | 8.41 | 8.23 | 7.00 | 4.56 | 4.41 | 5.21 | 1.28 |
| Payables turnover | 2.27 | 2.46 | 3.53 | 16.39 | 17.13 | 19.82 | 7.68 | 4.25 | 14.81 | 5.29 |
| Inventory turnover | 12.28 | 11.62 | 14.54 | 31.91 | 25.52 | 7.56 | 5.30 | 7.77 | 9.16 | 3.65 |
| Asset turnover | 0.13 | 0.20 | 0.27 | 0.32 | 0.30 | 0.30 | 0.21 | 0.21 | 0.25 | 0.05 |
| Average receivables | $600.2M | $457.4M | $375.9M | $281.7M | $160.7M | $64.5M | $41.5M | $25.5M | $18.7M | $16.7M |
| Average payables | $602.7M | $511.6M | $314.9M | $74.2M | $44.7M | $16.5M | $27.4M | $24.8M | $5.8M | $5.3M |
| Average inventory | $111.3M | $108.5M | $76.4M | $38.1M | $30.0M | $43.1M | $39.7M | $13.6M | $9.4M | $7.7M |
| Intangibles / total assets | 1.8% | 7.4% | 7.9% | 11.2% | 13.1% | 2.4% | 5.5% | 6.2% | 0.0% | 0.0% |
Computed from NFE's annual financial statements (latest annual report filed April 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NFE valuation and financial ratios
New Fortress Energy earned a return on equity of −179.1% and a return on invested capital of −1.4% in fiscal 2025. It ended the year with $8.6 billion of debt and $356.9 million in cash and short-term investments, net debt of $8.2 billion. It returned $3.5 million to shareholders: $3.5 million in dividends and $0 in share buybacks. The share count fell 90.5% from 58.8M to 5.6M over 9 years.
See the NFE income statement, the NFE chart for price history, or the NFE stock overview for the latest quote and news.
NFE key metrics FAQ
What is New Fortress Energy's return on equity?
New Fortress Energy's return on equity (ROE) was −179.1% in fiscal 2025: net income of -$1.8 billion on average shareholders' equity of $1.0 billion.
What is New Fortress Energy's ROIC?
New Fortress Energy's return on invested capital was −1.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does New Fortress Energy have?
New Fortress Energy had total debt of $8.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 46.92.
What is New Fortress Energy's dividend yield?
New Fortress Energy paid $3.5 million in dividends in fiscal 2025 ($0.62 per share), a payout ratio of —.
What is New Fortress Energy's free cash flow yield?
New Fortress Energy generated -$1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of −388.8% on its market value at year-end ($317.5 million).
What is New Fortress Energy's current ratio?
New Fortress Energy's current ratio was 0.15 at the end of fiscal 2025: current assets were 0.15 times current liabilities.