CQP vs LNG
Cheniere Energy Partners, L.p. and Cheniere Energy, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CQP | LNG |
|---|---|---|
| Revenue | $10.8B | $20.0B |
| Net income | $3.0B | $5.3B |
| Gross margin | 52.2% | 64.2% |
| Net margin | 27.8% | 34.0% |
| Return on equity | · | 78.3% |
| Diluted EPS | · | $24.13 |
| Dividend / share | · | · |
| Payout ratio | · | 8.5% |
| Free cash flow | $2.6B | $2.5B |
| Equity | · | $7.9B |
| Net debt / equity | · | 2.74× |
| Current ratio | 0.78× | 0.94× |
| Revenue CAGR 5y | 11.8% | 16.4% |
| Profit CAGR 5y | 20.4% | · |
LNG bills 1.9× the revenue of CQP, and keeps more of each dollar of revenue as profit (34.0% against 27.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CQP | LNG |
|---|---|---|
| FY2025 | $10.8B | $20.0B |
| FY2024 | $8.7B | $15.7B |
| FY2023 | $9.7B | $20.4B |
| FY2022 | $17.2B | $33.4B |
| FY2021 | $9.4B | $17.5B |
| FY2020 | $6.2B | $9.4B |
| FY2019 | $6.8B | $9.7B |
| FY2018 | $6.4B | $8.0B |
| FY2017 | $4.3B | $5.6B |
| FY2016 | $1.1B | $1.3B |
Bottom line
| Fiscal year | CQP | LNG |
|---|---|---|
| FY2025 | $3.0B | $5.3B |
| FY2024 | $2.5B | $3.3B |
| FY2023 | $4.3B | $9.9B |
| FY2022 | $2.5B | $1.4B |
| FY2021 | $1.6B | $-2.3B |
| FY2020 | $1.2B | $-85.0M |
| FY2019 | $1.2B | $648.0M |
| FY2018 | $1.3B | $471.0M |
| FY2017 | $490.0M | $-393.0M |
| FY2016 | $-171.0M | $-610.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$9,218,000,000 | LNG |
| FY2024 | −$6,999,000,000 | LNG |
| FY2023 | −$10,730,000,000 | LNG |
| FY2022 | −$16,222,000,000 | LNG |
| FY2021 | −$8,096,000,000 | LNG |
| FY2020 | −$3,191,000,000 | LNG |
| FY2019 | −$2,892,000,000 | LNG |
| FY2018 | −$1,560,000,000 | LNG |
| FY2017 | −$1,341,000,000 | LNG |
| FY2016 | −$183,000,000 | LNG |
| FY2015 | −$1,000,000 | LNG |
| FY2014 | +$744,000 | CQP |
| FY2013 | +$978,000 | CQP |
| FY2012 | −$1,722,000 | LNG |
| FY2011 | −$6,556,000 | LNG |
| FY2010 | +$107,769,000 | CQP |
| FY2009 | +$235,664,000 | CQP |
The higher-revenue side has changed between CQP and LNG over this period. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.2 pp | LNG |
| FY2024 | +0.2 pp | CQP |
| FY2023 | −15.1 pp | LNG |
| FY2022 | +6.6 pp | CQP |
| FY2021 | +26.2 pp | CQP |
| FY2020 | +13.8 pp | CQP |
| FY2019 | +4.5 pp | CQP |
| FY2018 | +4.8 pp | CQP |
| FY2017 | +1.4 pp | CQP |
| FY2016 | +36.3 pp | CQP |
| FY2015 | +286.6 pp | CQP |
| FY2014 | +105.6 pp | CQP |
| FY2013 | +112.9 pp | CQP |
| FY2012 | +63.5 pp | CQP |
| FY2011 | +51.1 pp | CQP |
| FY2010 | +53.8 pp | CQP |
| FY2009 | +137.4 pp | CQP |
The higher net margin has changed hands between CQP and LNG over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LNG's net margin has been more volatile than CQP's over the 17 comparable fiscal years — 120.2 percentage points of standard deviation against 58.0.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CQP and LNG over these 17 fiscal years — CQP led in 15 and LNG in 2.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.