CQP vs NFG
Cheniere Energy Partners, L.p. and National Fuel GAS Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CQP | NFG |
|---|---|---|
| Revenue | $10.8B | $2.3B |
| Net income | $3.0B | $518.5M |
| Gross margin | 52.2% | 90.6% |
| Net margin | 27.8% | 22.8% |
| Return on equity | · | · |
| Diluted EPS | · | $5.68 |
| Dividend / share | · | $2.10 |
| Payout ratio | · | 36.3% |
| Free cash flow | $2.6B | $187.2M |
| Equity | · | · |
| Net debt / equity | · | · |
| Current ratio | 0.78× | 0.44× |
| Revenue CAGR 5y | 11.8% | 8.1% |
| Profit CAGR 5y | 20.4% | · |
CQP bills 4.7× the revenue of NFG, and keeps more of each dollar of revenue as profit (27.8% against 22.8%).
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 | NFG |
|---|---|---|
| FY2025 | $10.8B | $2.3B |
| FY2024 | $8.7B | $1.9B |
| FY2023 | $9.7B | $2.3B |
| FY2022 | $17.2B | $3.1B |
| FY2021 | $9.4B | $1.7B |
| FY2020 | $6.2B | $1.5B |
| FY2019 | $6.8B | $1.7B |
| FY2018 | $6.4B | $1.6B |
| FY2017 | $4.3B | $1.6B |
| FY2016 | $1.1B | $1.5B |
Bottom line
| Fiscal year | CQP | NFG |
|---|---|---|
| FY2025 | $3.0B | $518.5M |
| FY2024 | $2.5B | $77.5M |
| FY2023 | $4.3B | $476.9M |
| FY2022 | $2.5B | $566.0M |
| FY2021 | $1.6B | $363.6M |
| FY2020 | $1.2B | $-123.8M |
| FY2019 | $1.2B | $304.3M |
| FY2018 | $1.3B | $391.5M |
| FY2017 | $490.0M | $283.5M |
| FY2016 | $-171.0M | $-291.0M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$8,480,459,000 | CQP |
| FY2024 | +$6,759,190,000 | CQP |
| FY2023 | +$7,409,106,000 | CQP |
| FY2022 | +$14,144,717,000 | CQP |
| FY2021 | +$7,692,341,000 | CQP |
| FY2020 | +$4,620,709,000 | CQP |
| FY2019 | +$5,144,668,000 | CQP |
| FY2018 | +$4,834,332,000 | CQP |
| FY2017 | +$2,724,119,000 | CQP |
| FY2016 | −$352,416,000 | NFG |
| FY2012 | −$1,362,355,000 | NFG |
| FY2011 | −$1,494,954,000 | NFG |
| FY2010 | −$1,361,221,000 | NFG |
The higher-revenue side has changed between CQP and NFG over this period. The gap has widened since the earliest year compared.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.0 pp | CQP |
| FY2024 | +24.9 pp | CQP |
| FY2023 | +22.9 pp | CQP |
| FY2022 | −4.0 pp | NFG |
| FY2021 | −3.6 pp | NFG |
| FY2020 | +27.2 pp | CQP |
| FY2019 | −0.8 pp | NFG |
| FY2018 | −4.8 pp | NFG |
| FY2017 | −6.6 pp | NFG |
| FY2016 | +4.5 pp | CQP |
| FY2012 | −79.9 pp | NFG |
| FY2011 | −33.4 pp | NFG |
| FY2010 | +14.1 pp | CQP |
The higher net margin has changed hands between CQP and NFG over this period.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CQP's net margin has been more volatile than NFG's over the 13 comparable fiscal years — 27.4 percentage points of standard deviation against 12.6.
13 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 NFG over these 13 fiscal years — CQP led in 6 and NFG in 7.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.