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Venture Global, Inc.(VG)Earnings, Financials & Key Ratios
VG•NYSE
$12.00
$23.63B mkt cap·14.0× P/E·Price updated May 6, 2026
AboutVenture Global, Inc. supplies natural gas products. The Company specializes in commissioning, constructing, and developing natural gas liquefaction and export projects.Show more
- Revenue$13.77B+176.9%
- EBITDA$5.97B+186.6%
- Net Income$2.26B+46.5%
- EPS (Diluted)0.86+41.0%
- Gross Margin49.3%-25.7%
- EBITDA Margin43.39%+3.5%
- Operating Margin36.56%+3.1%
- Net Margin16.41%-47.1%
- ROE24.61%-32.6%
- ROIC17.27%+233.1%
- Debt/Equity0.13-97.3%
- Interest Coverage3.46+14.7%
VG Key Insights
Venture Global, Inc. (VG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 89.3%
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 27.6%
✗Weaknesses
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VG Price & Volume
Venture Global, Inc. (VG) stock price & volume — 10-year historical chart
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VG Growth Metrics
Venture Global, Inc. (VG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years28.77%
TTM150.53%
Profit CAGR
10 Years-
5 Years-
3 Years6.75%
TTM116.47%
EPS CAGR
10 Years-
5 Years-
3 Years-2.92%
TTM90.86%
Return on Capital
10 Years16.96%
5 Years16.96%
3 Years13.73%
Last Year11.31%
VG Recent Earnings
Venture Global, Inc. (VG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (14%)●Beat Revenue 4/12 qtrs (67%)
Q2 2026Latest
Mar 2, 2026EPS
$0.41
Est $0.35
+18.5%
Revenue
$4.4B
Est $4.4B
+0.1%
Q4 2025
Nov 10, 2025EPS
$0.16
Est $0.23
-29.6%
Revenue
$3.3B
Est $3.3B
+1.5%
Q3 2025
Aug 11, 2025EPS
$0.14
Est $0.18
-23.9%
Revenue
$3.1B
Est $2.9B
+5.5%
Q2 2025
May 13, 2025EPS
$0.16
Est $0.26
-37.5%
Revenue
$2.9B
Est $2.6B
+10.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.41vs $0.35+18.5% | $4.4Bvs $4.4B+0.1% |
| Q4 2025 | Nov 10, 2025 | $0.16vs $0.23-29.6% | $3.3Bvs $3.3B+1.5% |
| Q3 2025 | Aug 11, 2025 | $0.14vs $0.18-23.9% | $3.1Bvs $2.9B+5.5% |
| Q2 2025 | May 13, 2025 | $0.16vs $0.26-37.5% | $2.9Bvs $2.6B+10.1% |
Based on last 12 quarters of dataView full earnings history →
VG Peer Comparison
Venture Global, Inc. (VG) competitors in LNG Export Terminals and Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LNG | 54.93B | 261.42 | 10.83 | 24.44% | 27.01% | 46.4% | 2.19 | |
 NFE | 211.17M | 0.74 | -0.11 | -36.4% | -122.58% | -158.34% | 27.68 | |
 NEXT | 1.98B | 7.47 | -6.38 | -15.58% | 3.76 | |||
 GLNG | 5.71B | 54.66 | 84.09 | 51.14% | 16.69% | 3.18% | 1.33 | |
 ET | 68.36B | 19.87 | 14.72 | -0.05% | 5.93% | 10.38% | 1.45 | |
 KMI | 70.26B | 31.58 | 23.05 | 12.45% | 18.92% | 10.27% | 1.00 | |
 WMB | 90.21B | 73.76 | 34.47 | 13.78% | 23.82% | 18.98% | 1.96 | |
 OKE | 53.93B | 85.60 | 15.79 | 55.42% | 10.04% | 15.86% | 1.45 |
Compare VG vs Peers
Venture Global, Inc. (VG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VG Income Statement
Venture Global, Inc. (VG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Sales/Revenue | 6.45B | 7.9B | 4.97B | 13.77B |
| Revenue Growth % | - | 22.47% | -37.04% | 176.93% |
| Cost of Goods Sold | 2.25B | 1.68B | 1.67B | 6.98B |
| COGS % of Revenue | 34.91% | 21.32% | 33.65% | 50.7% |
| Gross Profit | 4.2B▲ 0% | 6.21B▲ 48.0% | 3.3B▼ 46.9% | 6.79B▲ 105.8% |
| Gross Margin % | 65.09% | 78.68% | 66.35% | 49.3% |
| Gross Profit Growth % | - | 48.03% | -46.9% | 105.76% |
| Operating Expenses | 642M | 1.36B | 1.54B | 1.75B |
| OpEx % of Revenue | 9.96% | 17.26% | 30.89% | 12.74% |
| Selling, General & Admin | 191M | 224M | 312M | 433M |
| SG&A % of Revenue | 2.96% | 2.84% | 6.28% | 3.14% |
| Research & Development | 311M | 490M | 635M | 0 |
| R&D % of Revenue | 4.82% | 6.2% | 12.77% | - |
| Other Operating Expenses | 140M | 649M | 589M | 1.32B |
| Operating Income | 3.56B▲ 0% | 4.85B▲ 36.4% | 1.76B▼ 63.6% | 5.03B▲ 185.5% |
| Operating Margin % | 55.13% | 61.42% | 35.46% | 36.56% |
| Operating Income Growth % | - | 36.43% | -63.65% | 185.54% |
| EBITDA | 3.71B | 5.13B | 2.08B | 5.97B |
| EBITDA Margin % | 57.58% | 64.92% | 41.93% | 43.39% |
| EBITDA Growth % | - | 38.08% | -59.33% | 186.57% |
| D&A (Non-Cash Add-back) | 158M | 277M | 322M | 941M |
| EBIT | 4.14B | 5.07B | 2.77B | 4.82B |
| Net Interest Income | -574M | -469M | -340M | -1.3B |
| Interest Income | 18M | 172M | 244M | 151M |
| Interest Expense | 592M | 641M | 584M | 1.45B |
| Other Income/Expense | -11M | -418M | 420M | -1.67B |
| Pretax Income | 3.54B▲ 0% | 4.43B▲ 25.1% | 2.18B▼ 50.7% | 3.36B▲ 54.1% |
| Pretax Margin % | 54.96% | 56.12% | 43.91% | 24.42% |
| Income Tax | 447M | 816M | 437M | 630M |
| Effective Tax Rate % | 12.61% | 18.41% | 20.02% | 18.73% |
| Net Income | 1.86B▲ 0% | 2.68B▲ 44.3% | 1.54B▼ 42.4% | 2.26B▲ 46.5% |
| Net Margin % | 28.82% | 33.95% | 31.03% | 16.41% |
| Net Income Growth % | - | 44.29% | -42.45% | 46.47% |
| Net Income (Continuing) | 3.1B | 3.62B | 1.75B | 2.73B |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 695M | 575M | 3.47B | 3.56B |
| EPS (Diluted) | 0.94▲ 0% | 1.04▲ 10.6% | 0.61▼ 41.3% | 0.86▲ 41.0% |
| EPS Growth % | - | 10.64% | -41.35% | 40.98% |
| EPS (Basic) | 0.94 | 1.14 | 0.61 | 0.93 |
| Diluted Shares Outstanding | 2.58B | 2.58B | 2.42B | 2.63B |
| Basic Shares Outstanding | 2.35B | 2.07B | 2.42B | 2.43B |
| Dividend Payout Ratio | 0.32% | 6.12% | 9.01% | 20.58% |
VG Balance Sheet
Venture Global, Inc. (VG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Total Current Assets | 1.41B | 5.96B | 4.56B | 4.04B |
| Cash & Short-Term Investments | 618M | 4.82B | 3.61B | 2.35B |
| Cash Only | 618M | 4.82B | 3.61B | 2.35B |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 190M | 265M | 364M | 918M |
| Days Sales Outstanding | 10.76 | 12.25 | 26.72 | 24.34 |
| Inventory | 26M | 44M | 171M | 253M |
| Days Inventory Outstanding | 4.22 | 9.54 | 37.31 | 13.23 |
| Other Current Assets | 578M | 827M | 416M | 514M |
| Total Non-Current Assets | 13.69B | 22.5B | 38.93B | 49.41B |
| Property, Plant & Equipment | 10.93B | 19.82B | 35.28B | 47.33B |
| Fixed Asset Turnover | 0.59x | 0.40x | 0.14x | 0.29x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 209M |
| Long-Term Investments | 0 | 539M | 327M | 1.09B |
| Other Non-Current Assets | 2.75B | 2.15B | 3.33B | 781M |
| Total Assets | 15.1B▲ 0% | 28.46B▲ 88.5% | 43.49B▲ 52.8% | 53.45B▲ 22.9% |
| Asset Turnover | 0.43x | 0.28x | 0.11x | 0.26x |
| Asset Growth % | - | 88.53% | 52.8% | 22.89% |
| Total Current Liabilities | 1.75B | 2.31B | 3.54B | 4.34B |
| Accounts Payable | 252M | 436M | 1.54B | 737M |
| Days Payables Outstanding | 40.86 | 94.5 | 335.11 | 38.53 |
| Short-Term Debt | 150M | 178M | 190M | 812M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 285M | 280M | 473M | 2.79B |
| Current Ratio | 0.81x | 2.57x | 1.29x | 0.93x |
| Quick Ratio | 0.79x | 2.56x | 1.24x | 0.87x |
| Cash Conversion Cycle | -25.89 | -72.72 | -271.08 | -0.97 |
| Total Non-Current Liabilities | 12.84B | 24.06B | 33.58B | 37.11B |
| Long-Term Debt | 10.46B | 20.61B | 29.09B | 696M |
| Capital Lease Obligations | 337M | 383M | 536M | 945M |
| Deferred Tax Liabilities | 474M | 1.15B | 1.64B | 2.32B |
| Other Non-Current Liabilities | 1.57B | 1.92B | 2.32B | 34.09B |
| Total Liabilities | 14.59B | 26.38B | 37.12B | 41.45B |
| Total Debt | 10.95B | 21.17B | 29.81B | 1.51B |
| Net Debt | 10.33B | 16.34B | 26.2B | -847M |
| Debt / Equity | 21.50x | 10.15x | 4.68x | 0.13x |
| Debt / EBITDA | 2.95x | 4.13x | 14.30x | 0.25x |
| Net Debt / EBITDA | 2.78x | 3.19x | 12.57x | -0.14x |
| Interest Coverage | 6.01x | 7.57x | 3.02x | 3.46x |
| Total Equity | 509M▲ 0% | 2.08B▲ 309.6% | 6.37B▲ 205.4% | 12B▲ 88.4% |
| Equity Growth % | - | 309.63% | 205.37% | 88.41% |
| Book Value per Share | 0.20 | 0.81 | 2.63 | 4.55 |
| Total Shareholders' Equity | -186M | 1.51B | 2.9B | 6.74B |
| Common Stock | 0 | 0 | 23M | 24M |
| Retained Earnings | 688M | 1.23B | 2.61B | 4.72B |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -184M | -260M | -249M | -239M |
| Minority Interest | 695M | 575M | 3.47B | 3.56B |
VG Cash Flow Statement
Venture Global, Inc. (VG) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|
| Cash from Operations | 3.7B | 4.55B | 2.15B | 6.57B |
| Operating CF Margin % | 57.41% | 57.62% | 43.22% | 47.69% |
| Operating CF Growth % | - | 22.91% | -52.77% | 205.54% |
| Net Income | 3.1B | 3.62B | 1.75B | 2.73B |
| Depreciation & Amortization | 158M | 277M | 322M | 941M |
| Stock-Based Compensation | 26M | 28M | 22M | 46M |
| Deferred Taxes | 446M | 674M | 446M | 638M |
| Other Non-Cash Items | -355M | 236M | -472M | 1.99B |
| Working Capital Changes | 330M | -281M | 85M | 216M |
| Change in Receivables | -190M | -75M | -90M | -564M |
| Change in Inventory | -26M | -18M | -127M | -61M |
| Change in Payables | 0 | 0 | 0 | 873M |
| Cash from Investing | -2.9B | -8.72B | -14.16B | -13.22B |
| Capital Expenditures | -4.62B | -8.09B | -13.72B | -13.37B |
| CapEx % of Revenue | 71.62% | 102.46% | 275.88% | 97.07% |
| Acquisitions | 0 | -539M | -106M | 0 |
| Investments | - | - | - | - |
| Other Investing | 1.7B | -79M | -336M | 164M |
| Cash from Financing | 235M | 7.63B | 10.75B | 5.46B |
| Debt Issued (Net) | 2.63B | 10.23B | 8.46B | 4.25B |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K |
| Dividends Paid | -6M | -164M | -139M | -465M |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -2.38B | -2.44B | -564M | -74M |
| Net Change in Cash | 1.04B▲ 0% | 3.46B▲ 233.7% | -1.26B▼ 136.4% | -1.19B▲ 5.5% |
| Free Cash Flow | -916M▲ 0% | -3.54B▼ 286.6% | -11.57B▼ 226.7% | -6.8B▲ 41.2% |
| FCF Margin % | -14.21% | -44.84% | -232.66% | -49.38% |
| FCF Growth % | - | -286.57% | -226.69% | 41.23% |
| FCF per Share | -0.36 | -1.37 | -4.78 | -2.58 |
| FCF Conversion (FCF/Net Income) | 1.99x | 1.70x | 1.39x | 2.91x |
| Interest Paid | 220M | 368M | 338M | 0 |
| Taxes Paid | 0 | 127M | 10M | 0 |
VG Key Ratios
Venture Global, Inc. (VG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Return on Equity (ROE) | 365.03% | 206.71% | 36.51% | 24.61% |
| Return on Invested Capital (ROIC) | 24.61% | 24.86% | 5.19% | 17.27% |
| Gross Margin | 65.09% | 78.68% | 66.35% | 49.3% |
| Net Margin | 28.82% | 33.95% | 31.03% | 16.41% |
| Debt / Equity | 21.50x | 10.15x | 4.68x | 0.13x |
| Interest Coverage | 6.01x | 7.57x | 3.02x | 3.46x |
| FCF Conversion | 1.99x | 1.70x | 1.39x | 2.91x |
| Revenue Growth | - | 22.47% | -37.04% | 176.93% |
VG SEC Filings & Documents
Venture Global, Inc. (VG) SEC filings — annual & quarterly reports (10-K, 10-Q)
VG Frequently Asked Questions
Venture Global, Inc. (VG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Venture Global, Inc. (VG) reported $13.77B in revenue for fiscal year 2025. This represents a 114% increase from $6.45B in 2022.
Venture Global, Inc. (VG) grew revenue by 176.9% over the past year. This is strong growth.
Yes, Venture Global, Inc. (VG) is profitable, generating $2.58B in net income for fiscal year 2025 (16.4% net margin).
Dividend & Returns
Yes, Venture Global, Inc. (VG) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.
Venture Global, Inc. (VG) has a return on equity (ROE) of 24.6%. This is excellent, indicating efficient use of shareholder capital.
Venture Global, Inc. (VG) had negative free cash flow of $6.80B in fiscal year 2025, likely due to heavy capital investments.
Explore More VG
Venture Global, Inc. (VG) financial analysis — history, returns, DCA and operating performance tools
Full VG Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates