New Fortress Energy LLC (NFE) vs TOP Ships Inc. (TOPS)

New Fortress Energy LLC and TOP Ships Inc. are both Oil & Gas Midstream companies. New Fortress Energy LLC is the larger, with a market value of $36.9M against $5.1M — 7.3× the size. TOP Ships Inc. grew revenue faster over the last twelve months: 25.5% against −37.2%. TOP Ships Inc. has the higher net margin (−1.48% vs −149.4%) and the higher return on invested capital (0.00% vs −8.62%). Across the 17 metrics below, TOP Ships Inc. leads on 12 and New Fortress Energy LLC on 5.

Valuation

Metric NFE TOPS Oil & Gas Midstream median
P/E n/m n/m 13.19
P/S 0.03 0.01 2.60
P/B n/m 0.01 2.08
Price to free cash flow n/m n/m 10.14
EV/EBITDA n/m 2.98 8.11
EV/Sales 6.63 1.64 3.89
Earnings yield (4,980.31%) (17,677.94%) 6.83%
Free cash flow yield (1,987.45%) (16,032.17%) 6.94%

Profitability

Metric NFE TOPS Oil & Gas Midstream median
Gross margin 34.01% 57.93% 58.81%
Operating margin (86.31%) 0.00% 32.14%
Net margin (149.43%) (1.48%) 21.16%
Free cash flow margin (59.85%) 0.00% 10.15%
Return on equity (411.72%) 0.00% 11.30%
Return on assets (16.69%) 0.00% 5.00%
Return on invested capital (8.62%) 0.00% 6.13%

Growth

Metric NFE TOPS Oil & Gas Midstream median
Revenue growth (TTM) (37.18%) 25.46% 15.44%
EPS growth (last fiscal year) (488.14%) (38.53%) —
Revenue growth, 5-year CAGR 27.20% 5.95% 8.96%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NFE TOPS Oil & Gas Midstream median
Debt to equity (20.48) 3.40 0.78
Current ratio 0.16 0.48 1.19
Net debt to EBITDA (34.61) 3.72 3.42

Dividend

Metric NFE TOPS Oil & Gas Midstream median
Dividend yield 8.30% — 7.29%
Payout ratio 1.80 0.00 0.64

Size

Metric NFE TOPS Oil & Gas Midstream median
Market cap 36.90m 5.06m 3.61b

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