New Fortress Energy (NFE) Return on Invested Capital [ROIC] (2019 - 2026)
New Fortress Energy (NFE) recorded Return on Invested Capital [ROIC] of -13.23% in Q2 2026, down 12.36 percentage points from -0.87% a year earlier but up 2.72 percentage points from the prior quarter.
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Analysis
New Fortress Energy (NFE) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, New Fortress Energy reported Return on Invested Capital [ROIC] of -11.56%, down 16.98 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, though with a five-year change of +0.30 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 5.43% in FY2024 (-5.36 pp), 10.79% in FY2023 (-1.68 pp), 12.46% in FY2022 (+6.94 pp) and 5.52% in FY2021 (+17.38 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from -15.95% in Q1 2026 to 13.24% in Q1 2023 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for 12 consecutive quarters, with an average year-over-year change of -9.68 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 19.90 percentage points in Q3 2021, against a drop of 18.96 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -15.95% (Q1 2026), -12.05% (Q4 2025) and -2.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 4.91% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 12.19% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 8.40% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 6.24% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 13.19% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 14.70% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 15.54% |
| 10 | New Fortress Energy | 37.53 Mn | -466.53 Mn | 102.12 Mn | -13.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.23% |
| Mar 31, 2026 | -15.95% |
| Dec 31, 2025 | -12.05% |
| Sep 30, 2025 | -2.57% |
| Jun 30, 2025 | -0.87% |
| Mar 31, 2025 | 3.01% |
| Dec 31, 2024 | 5.13% |
| Sep 30, 2024 | 4.99% |
| Jun 30, 2024 | 5.72% |
| Mar 31, 2024 | 8.11% |
| Dec 31, 2023 | 9.62% |
| Sep 30, 2023 | 10.19% |
| Jun 30, 2023 | 11.84% |
| Mar 31, 2023 | 13.24% |
| Dec 31, 2022 | 11.85% |
| Sep 30, 2022 | 11.14% |
| Jun 30, 2022 | 9.19% |
| Mar 31, 2022 | 7.07% |
| Dec 31, 2021 | 3.56% |
| Sep 30, 2021 | 0.66% |
API Access
New Fortress Energy Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();