New Fortress Energy Inc. (NFE) intrinsic value & 10-year financials
New Fortress Energy Inc. (NFE) has a Graham intrinsic value of $88.02 per share. At $4.15 on Oct 17, 2026, the stock trades 95% below that value. Over the last 10 fiscal years revenue grew 39.5% a year to $1.2B, with an average return on invested capital of -5.2%.
- Graham intrinsic value
- $88.02
- Share price (Oct 17, 2026)
- $4.15
- Price vs Graham value
- 95% below
- Market cap
- $1.2B
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- 39.5%
- ROIC (10-yr avg)
- -5.2%
- Free cash flow (FY2025)
- -$1.2B
NFE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | -$1.8B | -$6.63 | -$1.2B | -95.0% | -11.7% |
| FY2024 | $1.7B | -$242.4M | -$1.25 | -$2.0B | 31.7% | 5.5% |
| FY2023 | $2.1B | $547.9M | $2.65 | -$2.2B | 45.8% | 11.0% |
| FY2022 | $2.0B | $194.5M | $0.93 | -$818.9M | 37.3% | 13.2% |
| FY2021 | $930.8M | $97.1M | $0.47 | -$584.6M | 25.7% | 6.2% |
| FY2020 | $318.3M | -$182.1M | -$1.71 | -$282.6M | -48.8% | -17.5% |
| FY2019 | $145.5M | -$33.8M | -$1.62 | -$611.3M | -128.7% | -32.5% |
| FY2018 | $96.9M | -$78.1M | — | -$274.4M | -60.4% | -12.2% |
| FY2017 | $82.1M | -$31.7M | — | -$83.6M | -30.4% | -8.8% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
New Fortress Energy Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
New Fortress Energy Inc. has historically struggled to out-earn its cost of capital, averaging just -5.2% ROIC.
New Fortress Energy Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, New Fortress Energy Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $88.02 per share.