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Stock Comparison

NEXT vs CQP vs LNG vs NFE

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NEXT
NextDecade Corporation

Oil & Gas Exploration & Production

EnergyNASDAQ • US
Market Cap$2.02B
5Y Perf.+404.6%
CQP
Cheniere Energy Partners, L.P.

Oil & Gas Midstream

EnergyAMEX • US
Market Cap$30.61B
5Y Perf.+87.4%
LNG
Cheniere Energy, Inc.

Oil & Gas Midstream

EnergyNYSE • US
Market Cap$51.94B
5Y Perf.+457.3%
NFE
New Fortress Energy Inc.

Regulated Gas

UtilitiesNASDAQ • US
Market Cap$209M
5Y Perf.-94.7%

NEXT vs CQP vs LNG vs NFE — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NEXT logoNEXT
CQP logoCQP
LNG logoLNG
NFE logoNFE
IndustryOil & Gas Exploration & ProductionOil & Gas MidstreamOil & Gas MidstreamRegulated Gas
Market Cap$2.02B$30.61B$51.94B$209M
Revenue (TTM)$0.00$10.31B$20.27B$1.50B
Net Income (TTM)$-306M$2.32B$1.48B$-1.84B
Gross Margin38.2%27.2%20.6%
Operating Margin28.6%4.8%-34.4%
Forward P/E14.8x16.6x
Total Debt$8.66B$15.27B$28.61B$8.57B
Cash & Equiv.$144M$379M$1.58B$357M

NEXT vs CQP vs LNG vs NFELong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NEXT
CQP
LNG
NFE
StockMay 20May 26Return
NextDecade Corporat… (NEXT)100504.6+404.6%
Cheniere Energy Par… (CQP)100187.4+87.4%
Cheniere Energy, In… (LNG)100557.3+457.3%
New Fortress Energy… (NFE)1005.3-94.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: NEXT vs CQP vs LNG vs NFE

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CQP leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Cheniere Energy, Inc. is the stronger pick specifically for growth and revenue expansion. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
NEXT
NextDecade Corporation
The Lower-Volatility Pick

NEXT plays a supporting role in this comparison — it may shine differently against other peers.

Best for: energy exposure
CQP
Cheniere Energy Partners, L.P.
The Income Pick

CQP carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • Dividend streak 0 yrs, beta 0.08, yield 7.3%
  • Lower volatility, beta 0.08, current ratio 0.77x
  • Beta 0.08, yield 7.3%, current ratio 0.77x
  • Better valuation composite
Best for: income & stability and sleep-well-at-night
LNG
Cheniere Energy, Inc.
The Growth Play

LNG is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.

  • Rev growth 24.4%, EPS growth 69.9%, 3Y rev CAGR -16.5%
  • 6.9% 10Y total return vs NEXT's -23.0%
  • 24.4% revenue growth vs NEXT's -429.6%
Best for: growth exposure and long-term compounding
NFE
New Fortress Energy Inc.
The Secondary Option

NFE lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: utilities exposure
See the full category breakdown
CategoryWinnerWhy
GrowthLNG logoLNG24.4% revenue growth vs NEXT's -429.6%
ValueCQP logoCQPBetter valuation composite
Quality / MarginsCQP logoCQP22.5% margin vs NFE's -122.6%
Stability / SafetyCQP logoCQPBeta 0.08 vs NFE's 1.54
DividendsCQP logoCQP7.3% yield, vs LNG's 0.8%, (1 stock pays no dividend)
Momentum (1Y)CQP logoCQP+13.2% vs NFE's -87.7%
Efficiency (ROA)CQP logoCQP13.8% ROA vs NFE's -15.5%, ROIC 17.0% vs -1.3%

NEXT vs CQP vs LNG vs NFE — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NEXTNextDecade Corporation

Segment breakdown not available.

CQPCheniere Energy Partners, L.P.
FY 2024
Liquefied Natural Gas
97.7%$8.5B
Regasification Service
1.6%$135M
Product and Service, Other
0.7%$65M
LNGCheniere Energy, Inc.
FY 2024
Liquefied Natural Gas
94.9%$15.0B
Product and Service, Other
4.2%$669M
Regasification Service
0.9%$135M
NFENew Fortress Energy Inc.
FY 2024
Cargo Sales
94.9%$291M
Incentive Fees
5.1%$16M

NEXT vs CQP vs LNG vs NFE — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLLNGLAGGINGNFE

Income & Cash Flow (Last 12 Months)

CQP leads this category, winning 6 of 6 comparable metrics.

LNG and NEXT operate at a comparable scale, with $20.3B and $0 in trailing revenue. CQP is the more profitable business, keeping 22.5% of every revenue dollar as net income compared to NFE's -122.6%. On growth, CQP holds the edge at +17.0% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
RevenueTrailing 12 months$0$10.3B$20.3B$1.5B
EBITDAEarnings before interest/tax-$211M$3.6B$2.7B-$274M
Net IncomeAfter-tax profit-$306M$2.3B$1.5B-$1.8B
Free Cash FlowCash after capex-$5.3B$2.7B$5.3B-$122M
Gross MarginGross profit ÷ Revenue+38.2%+27.2%+20.6%
Operating MarginEBIT ÷ Revenue+28.6%+4.8%-34.4%
Net MarginNet income ÷ Revenue+22.5%+7.3%-122.6%
FCF MarginFCF ÷ Revenue+26.3%+26.0%-8.1%
Rev. Growth (YoY)Latest quarter vs prior year+17.0%+10.2%-40.4%
EPS Growth (YoY)Latest quarter vs prior year-172.0%-2.8%-11.6%-150.5%
CQP leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

Evenly matched — CQP and NFE each lead in 2 of 6 comparable metrics.

At 10.2x trailing earnings, LNG trades at a 31% valuation discount to CQP's 14.9x P/E. On an enterprise value basis, LNG's 10.9x EV/EBITDA is more attractive than NFE's 117.4x.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
Market CapShares × price$2.0B$30.6B$51.9B$209M
Enterprise ValueMkt cap + debt − cash$10.5B$45.5B$79.0B$8.4B
Trailing P/EPrice ÷ TTM EPS-6.51x14.88x10.24x-0.11x
Forward P/EPrice ÷ next-FY EPS est.14.78x16.58x
PEG RatioP/E ÷ EPS growth rate1.10x
EV / EBITDAEnterprise value multiple11.49x10.88x117.42x
Price / SalesMarket cap ÷ Revenue3.52x2.65x0.14x
Price / BookPrice ÷ Book value/share0.87x4.16x0.66x
Price / FCFMarket cap ÷ FCF10.88x21.10x
Evenly matched — CQP and NFE each lead in 2 of 6 comparable metrics.

Profitability & Efficiency

LNG leads this category, winning 4 of 9 comparable metrics.

LNG delivers a 14.9% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $-158 for NFE. LNG carries lower financial leverage with a 2.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to NFE's 27.68x. On the Piotroski fundamental quality scale (0–9), LNG scores 7/9 vs NFE's 1/9, reflecting strong financial health.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
ROE (TTM)Return on equity-15.6%+14.9%-158.3%
ROA (TTM)Return on assets-3.3%+13.8%+3.2%-15.5%
ROICReturn on invested capital-2.1%+17.0%+10.9%-1.3%
ROCEReturn on capital employed-2.7%+20.3%+12.5%-2.6%
Piotroski ScoreFundamental quality 0–91571
Debt / EquityFinancial leverage3.76x2.19x27.68x
Net DebtTotal debt minus cash$8.5B$14.9B$27.0B$8.2B
Cash & Equiv.Liquid assets$144M$379M$1.6B$357M
Total DebtShort + long-term debt$8.7B$15.3B$28.6B$8.6B
Interest CoverageEBIT ÷ Interest expense-2.76x4.04x17.70x-0.22x
LNG leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

LNG leads this category, winning 3 of 6 comparable metrics.

A $10,000 investment in NEXT five years ago would be worth $37,537 today (with dividends reinvested), compared to $1,218 for NFE. Over the past 12 months, CQP leads with a +13.2% total return vs NFE's -87.7%. The 3-year compound annual growth rate (CAGR) favors LNG at 19.1% vs NFE's -64.9% — a key indicator of consistent wealth creation.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
YTD ReturnYear-to-date+41.6%+18.6%+25.2%-34.2%
1-Year ReturnPast 12 months+2.7%+13.2%+4.4%-87.7%
3-Year ReturnCumulative with dividends+29.2%+61.9%+69.0%-95.7%
5-Year ReturnCumulative with dividends+275.4%+94.1%+208.4%-87.8%
10-Year ReturnCumulative with dividends-23.0%+228.2%+692.8%-58.5%
CAGR (3Y)Annualised 3-year return+8.9%+17.4%+19.1%-64.9%
LNG leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — CQP and LNG each lead in 1 of 2 comparable metrics.

LNG is the less volatile stock with a -0.33 beta — it tends to amplify market swings less than NFE's 1.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CQP currently trades 89.5% from its 52-week high vs NFE's 9.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
Beta (5Y)Sensitivity to S&P 500-0.14x0.08x-0.33x1.54x
52-Week HighHighest price in past year$12.12$70.64$300.89$7.37
52-Week LowLowest price in past year$4.75$49.53$186.70$0.56
% of 52W HighCurrent price vs 52-week peak+62.9%+89.5%+82.1%+9.9%
RSI (14)Momentum oscillator 0–10050.149.246.951.1
Avg Volume (50D)Average daily shares traded5.1M120K3.3M13.6M
Evenly matched — CQP and LNG each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — CQP and LNG each lead in 1 of 2 comparable metrics.

Analyst consensus: NEXT as "Hold", CQP as "Sell", LNG as "Buy", NFE as "Buy". Consensus price targets imply 1988.8% upside for NFE (target: $15) vs -8.1% for NEXT (target: $7). For income investors, CQP offers the higher dividend yield at 7.30% vs LNG's 0.83%.

MetricNEXT logoNEXTNextDecade Corpor…CQP logoCQPCheniere Energy P…LNG logoLNGCheniere Energy, …NFE logoNFENew Fortress Ener…
Analyst RatingConsensus buy/hold/sellHoldSellBuyBuy
Price TargetConsensus 12-month target$7.00$75.00$265.38$15.25
# AnalystsCovering analysts9182716
Dividend YieldAnnual dividend ÷ price+7.3%+0.8%+1.7%
Dividend StreakConsecutive years of raises0040
Dividend / ShareAnnual DPS$4.62$2.05$0.01
Buyback YieldShare repurchases ÷ mkt cap+0.8%0.0%+5.2%0.0%
Evenly matched — CQP and LNG each lead in 1 of 2 comparable metrics.
Key Takeaway

LNG leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). CQP leads in 1 (Income & Cash Flow). 3 tied.

Best OverallCheniere Energy, Inc. (LNG)Leads 2 of 6 categories
Loading custom metrics...

NEXT vs CQP vs LNG vs NFE: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NEXT or CQP or LNG or NFE a better buy right now?

For growth investors, Cheniere Energy, Inc.

(LNG) is the stronger pick with 24. 4% revenue growth year-over-year, versus -36. 4% for New Fortress Energy Inc. (NFE). Cheniere Energy, Inc. (LNG) offers the better valuation at 10. 2x trailing P/E (16. 6x forward), making it the more compelling value choice. Analysts rate Cheniere Energy, Inc. (LNG) a "Buy" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — NEXT or CQP or LNG or NFE?

On trailing P/E, Cheniere Energy, Inc.

(LNG) is the cheapest at 10. 2x versus Cheniere Energy Partners, L. P. at 14. 9x. On forward P/E, Cheniere Energy Partners, L. P. is actually cheaper at 14. 8x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — NEXT or CQP or LNG or NFE?

Over the past 5 years, NextDecade Corporation (NEXT) delivered a total return of +275.

4%, compared to -87. 8% for New Fortress Energy Inc. (NFE). Over 10 years, the gap is even starker: LNG returned +692. 8% versus NFE's -58. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NEXT or CQP or LNG or NFE?

By beta (market sensitivity over 5 years), Cheniere Energy, Inc.

(LNG) is the lower-risk stock at -0. 33β versus New Fortress Energy Inc. 's 1. 54β — meaning NFE is approximately -568% more volatile than LNG relative to the S&P 500. On balance sheet safety, Cheniere Energy, Inc. (LNG) carries a lower debt/equity ratio of 2% versus 28% for New Fortress Energy Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — NEXT or CQP or LNG or NFE?

By revenue growth (latest reported year), Cheniere Energy, Inc.

(LNG) is pulling ahead at 24. 4% versus -36. 4% for New Fortress Energy Inc. (NFE). On earnings-per-share growth, the picture is similar: Cheniere Energy, Inc. grew EPS 69. 9% year-over-year, compared to -430. 4% for New Fortress Energy Inc.. Over a 3-year CAGR, CQP leads at -2. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — NEXT or CQP or LNG or NFE?

Cheniere Energy Partners, L.

P. (CQP) is the more profitable company, earning 28. 8% net margin versus -122. 6% for New Fortress Energy Inc. — meaning it keeps 28. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CQP leads at 37. 7% versus -11. 3% for NFE. At the gross margin level — before operating expenses — CQP leads at 51. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is NEXT or CQP or LNG or NFE more undervalued right now?

On forward earnings alone, Cheniere Energy Partners, L.

P. (CQP) trades at 14. 8x forward P/E versus 16. 6x for Cheniere Energy, Inc. — 1. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NFE: 1988. 8% to $15. 25.

08

Which pays a better dividend — NEXT or CQP or LNG or NFE?

In this comparison, CQP (7.

3% yield), NFE (1. 7% yield), LNG (0. 8% yield) pay a dividend. NEXT does not pay a meaningful dividend and should not be held primarily for income.

09

Is NEXT or CQP or LNG or NFE better for a retirement portfolio?

For long-horizon retirement investors, Cheniere Energy, Inc.

(LNG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 33), 0. 8% yield, +692. 8% 10Y return). New Fortress Energy Inc. (NFE) carries a higher beta of 1. 54 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LNG: +692. 8%, NFE: -58. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between NEXT and CQP and LNG and NFE?

These companies operate in different sectors (NEXT (Energy) and CQP (Energy) and LNG (Energy) and NFE (Utilities)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: NEXT is a small-cap quality compounder stock; CQP is a mid-cap deep-value stock; LNG is a mid-cap high-growth stock; NFE is a small-cap quality compounder stock. CQP, LNG, NFE pay a dividend while NEXT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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  • Sector: Energy
  • Market Cap > $100B
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  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 13%
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  • Market Cap > $100B
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  • Sector: Utilities
  • Market Cap > $100B
  • Gross Margin > 12%
  • Dividend Yield > 0.6%
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