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Cheniere Energy vs Venture Global: revenue, profit, margins and growth compared

Cheniere Energy brought in $20B of revenue in fiscal 2025, Venture Global $13.8B in fiscal 2025. Revenue changed by +27.2% at Cheniere Energy and +176.9% at Venture Global on the year before, so Venture Global grew faster. Cheniere Energy kept 26.7% of its revenue as net profit, Venture Global 16.4%. Free cash flow was $2.5B at Cheniere Energy and -$6.8B at Venture Global.

Side by side, latest fiscal year

LNGVG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20B$13.8B
Revenue growth+27.2%+176.9%
Net income$5.3B$2.3B
Net margin26.7%16.4%
Free cash flow$2.5B-$6.8B
Free cash flow margin12.3%-49.4%
Earnings per share (diluted)$24.13$0.86
Cash$1.1B$2.4B
Debt$22.5B$34.2B
Price to earnings11.114.7
Market value$55.5B$31.6B
Dividend yieldn/a0.24%
Rank by revenue in sector#11 of 109 · Utilities#23 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: $20BVG FY2023: $7.9BVG FY2025: $5BVG FY2025: $13.8BFY18FY19FY20FY21FY22FY23FY24FY25
LNG $20BVG $13.8B
Net income
LNG FY2018: $471MLNG FY2019: $648MLNG FY2020: -$85MLNG FY2021: -$2.3BLNG FY2022: $1.4BLNG FY2023: $9.9BLNG FY2024: $3.3BLNG FY2025: $5.3BVG FY2023: $2.7BVG FY2025: $1.5BVG FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
LNG $5.3BVG $2.3B
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%VG FY2023: 33.9%VG FY2025: 29.7%VG FY2025: 16.4%FY18FY19FY20FY21FY22FY23FY24FY25
LNG 26.7%VG 16.4%
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%VG FY2025: -37.0%VG FY2025: +176.9%FY19FY20FY21FY22FY23FY24FY25
LNG +27.2%VG +176.9%
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: $2.5BVG FY2023: -$3.5BVG FY2025: -$11.6BVG FY2025: -$6.8BFY18FY19FY20FY21FY22FY23FY24FY25
LNG $2.5BVG -$6.8B

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

Questions about Cheniere Energy and Venture Global

Which is bigger by revenue, Cheniere Energy or Venture Global?

Cheniere Energy is bigger by revenue: $20B in fiscal 2025, against $13.8B for Venture Global in fiscal 2025.

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

Cheniere Energy had a net margin of 26.7% in fiscal 2025; Venture Global had 16.4% in fiscal 2025.

Which grew revenue faster, Cheniere Energy or Venture Global?

In their latest fiscal years revenue changed by +27.2% at Cheniere Energy and +176.9% at Venture Global.

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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