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.
At a glance
Most recent reported year
| Metric | CQP | LNG |
|---|---|---|
| Revenue | $10.8B | $19.5B |
| Net income | $3.0B | $5.3B |
| Gross margin | 47.1% | 41.8% |
| Net margin | 27.8% | 27.4% |
| Return on equity | — | 78.3% |
| Diluted EPS | $3.00 | $24.13 |
| Dividend / share | — | $1.80 |
| 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% | 15.9% |
| Profit CAGR 5y | 20.4% | — |
LNG bills 1.8× the revenue of CQP, and CQP keeps more of each dollar of revenue as profit (27.8% against 27.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | CQP | LNG |
|---|---|---|
| FY2025 | $10.8B | $19.5B |
| FY2024 | $8.7B | $15.4B |
| FY2023 | $9.7B | $19.8B |
| FY2022 | $17.2B | $33.3B |
| FY2021 | $9.4B | $17.5B |
| FY2020 | $6.2B | $9.3B |
| FY2019 | $6.8B | $9.2B |
| FY2018 | $6.4B | $7.9B |
| FY2017 | $4.3B | $5.6B |
| FY2016 | $1.1B | $1.3B |
Net income by year
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 |
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