New Fortress Energy - Public Comps and Valuation Multiples

New Fortress Energy Overview

About New Fortress Energy

New Fortress Energy Inc is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include Terminals & Infrastructure, and Ships. It generates the majority of its revenue from the Terminals & Infrastructure segment.

Founded

2018

HQ

Employees

1.4K+

Website

newfortressenergy.com

Sectors

Utilities
Energy Services

Financials

LTM Revenue $1.7B

LTM EBITDA $316M

EV

$9.4B

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New Fortress Energy Financials

As of September 2025, New Fortress Energy reported last 12-month revenue of $1.7B and EBITDA of $316M.

In the same period, New Fortress Energy generated $703M in LTM gross profit and -$947M in net income.

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New Fortress Energy P&L

In the most recent fiscal year, New Fortress Energy reported revenue of $2.4B and EBITDA of $258M.

New Fortress Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$1.7B	XXX	$2.4B	XXX	XXX	XXX
Gross Profit	$703M	XXX	$1.1B	XXX	XXX	XXX
Gross Margin	42%	XXX	47%	XXX	XXX	XXX
EBITDA	$316M	XXX	$258M	XXX	XXX	XXX
EBITDA Margin	19%	XXX	11%	XXX	XXX	XXX
EBIT	-$201M	XXX	$645M	XXX	XXX	XXX
EBIT Margin	-12%	XXX	27%	XXX	XXX	XXX
Net Profit	-$947M	XXX	-$249M	XXX	XXX	XXX
Net Margin	-57%	XXX	-11%	XXX	XXX	XXX
Net Debt	XXX	XXX	$8.4B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for New Fortress Energy including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.7B. EBITDA for the last twelve months was $316M. In the most recent fiscal year, New Fortress Energy achieved $2.4B in revenue and $258M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$1.7B	Analyst estimates available to subscribers	$2.4B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$703M	Analyst estimates available to subscribers	$1.1B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	42.1% gross margin	Analyst estimates available to subscribers	46.7% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$316M	Analyst estimates available to subscribers	$258M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	18.9% EBITDA margin	Analyst estimates available to subscribers	10.9% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$201M	Analyst estimates available to subscribers	$645M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-12.0% EBIT margin	Analyst estimates available to subscribers	27.3% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$947M	Analyst estimates available to subscribers	-$249M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-56.7% net profit margin	Analyst estimates available to subscribers	-10.5% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$8.4B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for New Fortress Energy

This financial data table provides comprehensive performance metrics for New Fortress Energy, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

New Fortress Energy generated $1.7B in revenue over the last twelve months.
The company achieved $316M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $703M.
Net income over the last twelve months reached -$947M.

Fiscal Year Performance

In the most recent fiscal year, New Fortress Energy reported $2.4B in total revenue.
Fiscal year EBITDA was $258M.
The company maintained a gross profit margin of 46.7% in the most recent fiscal year.
EBITDA margin for the fiscal year was 10.9%.
Net profit margin reached -10.5% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for New Fortress Energy. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

New Fortress Energy Stock Performance

New Fortress Energy has current market cap of $546M, and EV of $9.4B.

Market Cap Evolution

New Fortress Energy Stock Data

As of October 17, 2025, New Fortress Energy's stock price is $2.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$9.4B	$546M	XXX	XXX	XXX	XXX	$-3.55

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New Fortress Energy Valuation Multiples

New Fortress Energy's trades at 4.0x EV/Revenue multiple, and 36.5x EV/EBITDA.

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New Fortress Energy Financial Valuation Multiples

As of October 17, 2025, New Fortress Energy has market cap of $546M and EV of $9.4B.

Equity research analysts estimate New Fortress Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

New Fortress Energy has a P/E ratio of -0.6x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$546M	XXX	$546M	XXX	XXX	XXX
EV (current)	$9.4B	XXX	$9.4B	XXX	XXX	XXX
EV/Revenue	5.6x	XXX	4.0x	XXX	XXX	XXX
EV/EBITDA	29.7x	XXX	36.5x	XXX	XXX	XXX
EV/EBIT	-46.7x	XXX	14.6x	XXX	XXX	XXX
EV/Gross Profit	13.4x	XXX	n/a	XXX	XXX	XXX
P/E	-0.6x	XXX	-2.2x	XXX	XXX	XXX
EV/FCF	-5.2x	XXX	-4.6x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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New Fortress Energy Margins & Growth Rates

New Fortress Energy's last 12 month revenue growth is 41%

New Fortress Energy's revenue per employee in the last FY averaged $1.7M, while opex per employee averaged $0.3M for the same period.

New Fortress Energy's rule of 40 is 87% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

New Fortress Energy's rule of X is 121% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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New Fortress Energy Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	41%	XXX	4%	XXX	XXX	XXX
EBITDA Margin	19%	XXX	11%	XXX	XXX	XXX
EBITDA Growth	44%	XXX	-63%	XXX	XXX	XXX
Rule of 40	87%	XXX	52%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	121%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$1.7M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	19%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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