公司概述
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company, providing energy and development services to end-users across the global market through its specialized operations. The enterprise functions within the broader Energy sector, specifically categorized under the Oil & Gas Midstream industry, which implies a focus on the transportation, storage, and distribution of natural gas and related power generation assets. The company's operational scale is defined by a market capitalization of $162.20M, an annual revenue of $1.77B, and an employee base of 722 individuals. These valuation and revenue figures indicate that New Fortress Energy Inc. maintains a relatively small market capitalization relative to its substantial top-line revenue, suggesting a business model where asset-heavy infrastructure generates significant sales volume without proportionally large equity valuation multiples.
财务健康
The company reported a revenue of $1.77B for the trailing twelve months, accompanied by a net income of $-1,317,192,960 and an EBITDA of $296.03M. The substantial gap between the positive revenue and deeply negative net income reveals a cost structure characterized by significant non-operating expenses, interest costs, or one-time charges that erode bottom-line profitability despite underlying operational cash generation. Free cash flow stands at $-2,088,385,408, indicating that the company is currently consuming cash rather than generating it, which limits its immediate financial flexibility and reliance on external financing to fund operations and capital expenditures. Profitability metrics show a gross margin of 37.5%, an operating margin of -22.0%, and a profit margin of -73.4%, highlighting that while the core business retains nearly 38% of sales as gross profit, high fixed costs and interest obligations drive operating losses that result in severe overall unprofitability. On the balance sheet, total cash of $145.24M is vastly outweighed by total debt of $9.31B, with a debt-to-equity ratio of 827.97, signaling an extremely leveraged financial position that exposes the firm to heightened interest rate and refinancing risks. Liquidity is constrained as evidenced by a current ratio of 0.17, which indicates that the company holds significantly fewer liquid assets than short-term liabilities, raising concerns about its ability to meet immediate obligations without raising new capital. Return on equity is -87.3% while return on assets is 0.4%, metrics that collectively reveal that management effectiveness in generating shareholder value is currently negative and that the asset base is barely contributing to positive returns before financing costs are considered.
估值评估
Valuation multiples for New Fortress Energy Inc. show a P/E ratio (TTM) of N/A and a forward P/E of -0.25, where the negative forward P/E reflects the expectation that future earnings will remain negative in the near term rather than implying a positive earnings trajectory. The price-to-book ratio is 0.16, indicating that the stock trades at a significant discount to its book value, which often occurs in capital-intensive industries with high debt loads or distressed earnings profiles. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.09 and an EV/EBITDA of 31.93, suggesting that the market values the company based on a fraction of its sales while assigning a high multiple to its earnings before interest, taxes, depreciation, and amortization due to the leverage-heavy structure. Price action over the last year has ranged between a 52-week high of $7.37 and a 52-week low of $0.56, with the current market price situated well below the annual high, reflecting the volatility and risk premium associated with the firm's financial condition. The stock exhibits a beta of 1.21, meaning that the company's share price volatility is 21% higher than that of the broader market, making it particularly sensitive to macroeconomic shifts and sector-specific events.
Growth & Income
Revenue growth year-over-year stands at -42.1%, while earnings growth is marked as N/A due to the company's negative net income position. The contraction in revenue coupled with persistent negative earnings implies that the company is currently in a restructuring or turnaround phase where top-line declines have not yet translated into proportional earnings improvements, as the underlying economics struggle to cover high fixed and interest costs. As a non-dividend payer, the company reports a dividend yield of N/A and a payout ratio of 0.0%, indicating that it retains all earnings or utilizes cash reserves to service debt and fund operations rather than distributing income to shareholders. The overall growth and income profile is characterized by significant revenue contraction, negative earnings, and a complete absence of dividend distributions, reflecting a capital-intensive strategy focused on debt reduction and operational restructuring rather than immediate shareholder returns.