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New Fortress Energy vs Venture Global: revenue, profit, margins and growth compared

New Fortress Energy brought in $1.5B of revenue in fiscal 2025, Venture Global $13.8B in fiscal 2025. Revenue changed by -36.2% at New Fortress Energy and +176.9% at Venture Global on the year before, so Venture Global grew faster. New Fortress Energy kept -122.7% of its revenue as net profit, Venture Global 16.4%. Free cash flow was -$1.2B at New Fortress Energy and -$6.8B at Venture Global.

Side by side, latest fiscal year

NFEVG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.5B$13.8B
Revenue growth-36.2%+176.9%
Net income-$1.8B$2.3B
Net margin-122.7%16.4%
Free cash flow-$1.2B-$6.8B
Free cash flow margin-82.1%-49.4%
Earnings per share (diluted)-$6.63$0.86
Cash$226.5M$2.4B
Debt$8.2B$34.2B
Price to earningsn/a14.7
Market value$1.9B$31.6B
Dividend yieldn/a0.24%
Rank by revenue in sector#66 of 109 · Utilities#23 of 109 · Utilities

Over the years

Revenue
NFE FY2019: $112.3MNFE FY2019: $189.1MNFE FY2020: $451.7MNFE FY2021: $1.3BNFE FY2022: $2.4BNFE FY2023: $2.4BNFE FY2024: $2.4BNFE FY2025: $1.5BVG FY2023: $7.9BVG FY2025: $5BVG FY2025: $13.8BFY19FY20FY21FY22FY23FY24FY25
NFE $1.5BVG $13.8B
Net income
NFE FY2019: -$78.1MNFE FY2019: -$33.8MNFE FY2020: -$182.1MNFE FY2021: $97.1MNFE FY2022: $194.5MNFE FY2023: $547.9MNFE FY2024: -$272.3MNFE FY2025: -$1.8BVG FY2023: $2.7BVG FY2025: $1.5BVG FY2025: $2.3BFY19FY20FY21FY22FY23FY24FY25
NFE -$1.8BVG $2.3B
Net margin
NFE FY2019: -69.5%NFE FY2019: -17.9%NFE FY2020: -40.3%NFE FY2021: 7.3%NFE FY2022: 8.2%NFE FY2023: 22.9%NFE FY2024: -11.5%NFE FY2025: -122.7%VG FY2023: 33.9%VG FY2025: 29.7%VG FY2025: 16.4%FY19FY20FY21FY22FY23FY24FY25
NFE -122.7%VG 16.4%
Revenue growth
NFE FY2019: +68.4%NFE FY2020: +138.8%NFE FY2021: +192.9%NFE FY2022: +79.0%NFE FY2023: +0.9%NFE FY2024: -1.3%NFE FY2025: -36.2%VG FY2025: -37.0%VG FY2025: +176.9%FY19FY20FY21FY22FY23FY24FY25
NFE -36.2%VG +176.9%
Free cash flow
NFE FY2019: -$274.4MNFE FY2019: -$611.3MNFE FY2020: -$282.6MNFE FY2021: -$584.6MNFE FY2022: -$818.9MNFE FY2023: -$2.1BNFE FY2024: -$1.5BNFE FY2025: -$1.2BVG FY2023: -$3.5BVG FY2025: -$11.6BVG FY2025: -$6.8BFY19FY20FY21FY22FY23FY24FY25
NFE -$1.2BVG -$6.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about New Fortress Energy and Venture Global

Which is bigger by revenue, New Fortress Energy or Venture Global?

Venture Global is bigger by revenue: $13.8B in fiscal 2025, against $1.5B for New Fortress Energy in fiscal 2025.

Which keeps more of its revenue as profit, New Fortress Energy or Venture Global?

New Fortress Energy had a net margin of -122.7% in fiscal 2025; Venture Global had 16.4% in fiscal 2025.

Which grew revenue faster, New Fortress Energy or Venture Global?

In their latest fiscal years revenue changed by -36.2% at New Fortress Energy and +176.9% at Venture Global.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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