New Fortress Energy Past Earnings Performance
Past criteria checks 4/6
New Fortress Energy has been growing earnings at an average annual rate of 63.6%, while the Oil and Gas industry saw earnings growing at 27% annually. Revenues have been growing at an average rate of 49% per year. New Fortress Energy's return on equity is 23.9%, and it has net margins of 18.1%.
Key information
63.6%
Earnings growth rate
68.8%
EPS growth rate
| Oil and Gas Industry Growth | 37.3% |
| Revenue growth rate | 49.0% |
| Return on equity | 23.9% |
| Net Margin | 18.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How New Fortress Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,494 | 452 | 372 | 0 |
| 31 Dec 23 | 2,387 | 548 | 336 | 0 |
| 30 Sep 23 | 2,168 | 395 | 339 | 0 |
| 30 Jun 23 | 2,385 | 395 | 337 | 0 |
| 31 Mar 23 | 2,409 | 106 | 328 | 0 |
| 31 Dec 22 | 2,336 | 194 | 327 | 0 |
| 30 Sep 22 | 2,471 | 281 | 322 | 0 |
| 30 Jun 22 | 2,043 | 210 | 285 | 0 |
| 31 Mar 22 | 1,682 | 373 | 268 | 0 |
| 31 Dec 21 | 1,288 | 97 | 243 | 0 |
| 30 Sep 21 | 820 | -54 | 199 | 0 |
| 30 Jun 21 | 652 | -80 | 182 | 0 |
| 31 Mar 21 | 523 | -212 | 166 | 0 |
| 31 Dec 20 | 452 | -182 | 120 | 0 |
| 30 Sep 20 | 376 | -190 | 145 | 0 |
| 30 Jun 20 | 289 | -160 | 148 | 0 |
| 31 Mar 20 | 234 | -29 | 142 | 0 |
| 31 Dec 19 | 189 | -34 | 153 | 0 |
| 30 Sep 19 | 151 | -61 | 144 | 0 |
| 30 Jun 19 | 130 | -68 | 117 | 0 |
| 31 Mar 19 | 117 | -81 | 100 | 0 |
| 31 Dec 18 | 112 | -78 | 62 | 0 |
| 30 Sep 18 | 106 | -56 | 53 | 0 |
| 31 Dec 17 | 97 | -32 | 34 | 0 |
| 31 Dec 16 | 21 | -33 | 18 | 0 |
Quality Earnings: NF0 has a high level of non-cash earnings.
Growing Profit Margin: NF0's current net profit margins (18.1%) are higher than last year (4.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NF0 has become profitable over the past 5 years, growing earnings by 63.6% per year.
Accelerating Growth: NF0's earnings growth over the past year (324.4%) exceeds its 5-year average (63.6% per year).
Earnings vs Industry: NF0 earnings growth over the past year (324.4%) exceeded the Oil and Gas industry -24.9%.
Return on Equity
High ROE: Whilst NF0's Return on Equity (23.94%) is high, this metric is skewed due to their high level of debt.