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Cheniere Energy vs Spire: revenue, profit, margins and growth compared

Cheniere Energy brought in $20B of revenue in fiscal 2025, Spire $2.5B in fiscal 2025. Revenue changed by +27.2% at Cheniere Energy and -4.5% at Spire on the year before, so Cheniere Energy grew faster. Cheniere Energy kept 26.7% of its revenue as net profit, Spire 11.0%. Free cash flow was $2.5B at Cheniere Energy and -$344.4M at Spire.

Side by side, latest fiscal year

LNGSR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$20B$2.5B
Revenue growth+27.2%-4.5%
Net income$5.3B$271.7M
Net margin26.7%11.0%
Free cash flow$2.5B-$344.4M
Free cash flow margin12.3%-13.9%
Earnings per share (diluted)$24.13$4.37
Cash$1.1B$5.7M
Debt$22.5B$3.9B
Price to earnings11.117.7
Market value$55.5B$4.6B
Dividend yieldn/a4.07%
Rank by revenue in sector#11 of 109 · Utilities#53 of 109 · Utilities

Over the years

Revenue
LNG FY2018: $8BLNG FY2019: $9.7BLNG FY2020: $9.4BLNG FY2021: $17.5BLNG FY2022: $33.4BLNG FY2023: $20.4BLNG FY2024: $15.7BLNG FY2025: $20BSR FY2018: $2BSR FY2019: $2BSR FY2020: $1.9BSR FY2021: $2.2BSR FY2022: $2.2BSR FY2023: $2.7BSR FY2024: $2.6BSR FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
LNG $20BSR $2.5B
Net income
LNG FY2018: $471MLNG FY2019: $648MLNG FY2020: -$85MLNG FY2021: -$2.3BLNG FY2022: $1.4BLNG FY2023: $9.9BLNG FY2024: $3.3BLNG FY2025: $5.3BSR FY2018: $214.2MSR FY2019: $184.6MSR FY2020: $88.6MSR FY2021: $271.7MSR FY2022: $220.8MSR FY2023: $217.5MSR FY2024: $250.9MSR FY2025: $271.7MFY18FY19FY20FY21FY22FY23FY24FY25
LNG $5.3BSR $271.7M
Net margin
LNG FY2018: 5.9%LNG FY2019: 6.7%LNG FY2020: -0.9%LNG FY2021: -13.4%LNG FY2022: 4.3%LNG FY2023: 48.5%LNG FY2024: 20.7%LNG FY2025: 26.7%SR FY2018: 10.9%SR FY2019: 9.5%SR FY2020: 4.8%SR FY2021: 12.2%SR FY2022: 10.0%SR FY2023: 8.2%SR FY2024: 9.7%SR FY2025: 11.0%FY18FY19FY20FY21FY22FY23FY24FY25
LNG 26.7%SR 11.0%
Revenue growth
LNG FY2019: +21.8%LNG FY2020: -3.8%LNG FY2021: +87.3%LNG FY2022: +90.7%LNG FY2023: -39.0%LNG FY2024: -23.0%LNG FY2025: +27.2%SR FY2019: -0.6%SR FY2020: -5.0%SR FY2021: +20.5%SR FY2022: -1.7%SR FY2023: +21.3%SR FY2024: -2.7%SR FY2025: -4.5%FY19FY20FY21FY22FY23FY24FY25
LNG +27.2%SR -4.5%
Free cash flow
LNG FY2018: -$1.7BLNG FY2019: -$1.2BLNG FY2020: -$574MLNG FY2021: $1.5BLNG FY2022: $8.7BLNG FY2023: $6.3BLNG FY2024: $3.2BLNG FY2025: $2.5BSR FY2018: -$42.8MSR FY2019: -$372.4MSR FY2020: -$168.5MSR FY2021: -$375MSR FY2022: -$497.2MSR FY2023: -$222.3MSR FY2024: $51.1MSR FY2025: -$344.4MFY18FY19FY20FY21FY22FY23FY24FY25
LNG $2.5BSR -$344.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cheniere Energy and Spire

Which is bigger by revenue, Cheniere Energy or Spire?

Cheniere Energy is bigger by revenue: $20B in fiscal 2025, against $2.5B for Spire in fiscal 2025.

Which keeps more of its revenue as profit, Cheniere Energy or Spire?

Cheniere Energy had a net margin of 26.7% in fiscal 2025; Spire had 11.0% in fiscal 2025.

Which grew revenue faster, Cheniere Energy or Spire?

In their latest fiscal years revenue changed by +27.2% at Cheniere Energy and -4.5% at Spire.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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