Venture Global, Inc. (VG) 10-Year Financial Performance & Capital Metrics

VG • • Industrial / General

EnergyMidstream Oil & GasLNG Infrastructure & ShippingLNG Terminal Operators

AboutVenture Global, Inc. supplies natural gas products. The Company specializes in commissioning, constructing, and developing natural gas liquefaction and export projects.Show more

Revenue $4.97B -37.0%
EBITDA $2.08B -59.3%
Net Income $1.54B -42.4%
EPS (Diluted) 0.61 -41.3%
Gross Margin 66.35% -15.7%
EBITDA Margin 41.93% -35.4%
Operating Margin 35.46% -42.3%
Net Margin 31.03% -8.6%
ROE 36.51% -82.3%
ROIC 5.19% -79.1%
Debt/Equity 4.68 -53.9%
Interest Coverage 3.02 -60.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 202.7%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 6.1% through buybacks
✓Healthy 5Y average net margin of 31.3%

✗Weaknesses

✗High debt to equity ratio of 4.7x
✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg18.84%

5Y Avg18.84%

3Y Avg18.84%

Latest5.33%

Peer Comparison

LNG Terminal Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LNGCheniere Energy, Inc.	41.64B	193.44	13.62	-22.22%	21.26%	34.94%	7.58%	2.54
CQPCheniere Energy Partners, L.P.	26.03B	53.78	12.65	-9.93%	22.54%		10.81%
VGVenture Global, Inc.	3.54B	7.38	12.10	-37.04%	21.51%	21.56%		4.68

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.45B	7.9B	4.97B
Revenue Growth %	-	0.22%	-0.37%
Cost of Goods Sold+	2.25B	1.68B	1.67B
COGS % of Revenue	0.35%	0.21%	0.34%
Gross Profit+	4.2B	6.21B	3.3B
Gross Margin %	0.65%	0.79%	0.66%
Gross Profit Growth %	-	0.48%	-0.47%
Operating Expenses+	642M	1.36B	1.54B
OpEx % of Revenue	0.1%	0.17%	0.31%
Selling, General & Admin	191M	224M	312M
SG&A % of Revenue	0.03%	0.03%	0.06%
Research & Development	311M	490M	635M
R&D % of Revenue	0.05%	0.06%	0.13%
Other Operating Expenses	140M	649M	589M
Operating Income+	3.56B	4.85B	1.76B
Operating Margin %	0.55%	0.61%	0.35%
Operating Income Growth %	-	0.36%	-0.64%
EBITDA+	3.71B	5.13B	2.08B
EBITDA Margin %	0.58%	0.65%	0.42%
EBITDA Growth %	-	0.38%	-0.59%
D&A (Non-Cash Add-back)	158M	277M	322M
EBIT	4.14B	5.07B	2.77B
Net Interest Income+	-574M	-469M	-340M
Interest Income	18M	172M	244M
Interest Expense	592M	641M	584M
Other Income/Expense	-11M	-418M	420M
Pretax Income+	3.54B	4.43B	2.18B
Pretax Margin %	0.55%	0.56%	0.44%
Income Tax+	447M	816M	437M
Effective Tax Rate %	0.52%	0.6%	0.71%
Net Income+	1.86B	2.68B	1.54B
Net Margin %	0.29%	0.34%	0.31%
Net Income Growth %	-	0.44%	-0.42%
Net Income (Continuing)	3.1B	3.62B	1.75B
Discontinued Operations	0	0	0
Minority Interest	695M	575M	3.47B
EPS (Diluted)+	0.94	1.04	0.61
EPS Growth %	-	0.11%	-0.41%
EPS (Basic)	0.94	1.14	0.61
Diluted Shares Outstanding	2.58B	2.58B	2.42B
Basic Shares Outstanding	2.35B	2.07B	2.42B
Dividend Payout Ratio	0%	0.06%	0.09%

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.41B	5.96B	4.56B
Cash & Short-Term Investments	618M	4.82B	3.61B
Cash Only	618M	4.82B	3.61B
Short-Term Investments	0	0	0
Accounts Receivable	190M	265M	364M
Days Sales Outstanding	10.76	12.25	26.72
Inventory	26M	44M	171M
Days Inventory Outstanding	4.22	9.54	37.31
Other Current Assets	578M	827M	416M
Total Non-Current Assets+	13.69B	22.5B	38.93B
Property, Plant & Equipment	10.93B	19.82B	35.28B
Fixed Asset Turnover	0.59x	0.40x	0.14x
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	0	539M	327M
Other Non-Current Assets	2.75B	2.15B	3.33B
Total Assets+	15.1B	28.46B	43.49B
Asset Turnover	0.43x	0.28x	0.11x
Asset Growth %	-	0.89%	0.53%
Total Current Liabilities+	1.75B	2.31B	3.54B
Accounts Payable	252M	436M	1.54B
Days Payables Outstanding	40.86	94.5	335.11
Short-Term Debt	150M	178M	190M
Deferred Revenue (Current)	0	0	0
Other Current Liabilities	285M	280M	473M
Current Ratio	0.81x	2.57x	1.29x
Quick Ratio	0.79x	2.56x	1.24x
Cash Conversion Cycle	-25.89	-72.72	-271.08
Total Non-Current Liabilities+	12.84B	24.06B	33.58B
Long-Term Debt	10.46B	20.61B	29.09B
Capital Lease Obligations	337M	383M	536M
Deferred Tax Liabilities	474M	1.15B	1.64B
Other Non-Current Liabilities	1.57B	1.92B	2.32B
Total Liabilities	14.59B	26.38B	37.12B
Total Debt+	10.95B	21.17B	29.81B
Net Debt	10.33B	16.34B	26.2B
Debt / Equity	21.50x	10.15x	4.68x
Debt / EBITDA	2.95x	4.13x	14.30x
Net Debt / EBITDA	2.78x	3.19x	12.57x
Interest Coverage	6.01x	7.57x	3.02x
Total Equity+	509M	2.08B	6.37B
Equity Growth %	-	3.1%	2.05%
Book Value per Share	0.20	0.81	2.63
Total Shareholders' Equity	-186M	1.51B	2.9B
Common Stock	0	0	23M
Retained Earnings	688M	1.23B	2.61B
Treasury Stock	0	0	0
Accumulated OCI	-184M	-260M	-249M
Minority Interest	695M	575M	3.47B

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.7B	4.55B	2.15B
Operating CF Margin %	0.57%	0.58%	0.43%
Operating CF Growth %	-	0.23%	-0.53%
Net Income	3.1B	3.62B	1.75B
Depreciation & Amortization	158M	277M	322M
Stock-Based Compensation	26M	28M	22M
Deferred Taxes	446M	674M	446M
Other Non-Cash Items	-355M	236M	-472M
Working Capital Changes	330M	-281M	85M
Change in Receivables	-190M	-75M	-90M
Change in Inventory	-26M	-18M	-127M
Change in Payables	0	0	0
Cash from Investing+	-2.9B	-8.72B	-14.16B
Capital Expenditures	-4.62B	-8.09B	-13.72B
CapEx % of Revenue	0.72%	1.02%	2.76%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	1.7B	-79M	-336M
Cash from Financing+	235M	7.63B	10.75B
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	-6M	-164M	-139M
Share Repurchases	-	-	-
Other Financing	-2.38B	-2.44B	-564M
Net Change in Cash	-	-	-
Free Cash Flow+	-916M	-3.54B	-11.57B
FCF Margin %	-0.14%	-0.45%	-2.33%
FCF Growth %	-	-2.87%	-2.27%
FCF per Share	-0.36	-1.37	-4.78
FCF Conversion (FCF/Net Income)	1.99x	1.70x	1.39x
Interest Paid	220M	368M	338M
Taxes Paid	0	127M	10M

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	365.03%	206.71%	36.51%
Return on Invested Capital (ROIC)	24.61%	24.86%	5.19%
Gross Margin	65.09%	78.68%	66.35%
Net Margin	28.82%	33.95%	31.03%
Debt / Equity	21.50x	10.15x	4.68x
Interest Coverage	6.01x	7.57x	3.02x
FCF Conversion	1.99x	1.70x	1.39x
Revenue Growth	-	22.47%	-37.04%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Vonage Communications Platform	-	-	-	-	-	-	-	-	915.06M	1.12B
Vonage Communications Platform Growth	-	-	-	-	-	-	-	-	-	22.41%
Consumer Services	-	-	-	-	579.27M	503.36M	440.64M	385.47M	332.88M	288.89M
Consumer Services Growth	-	-	-	-	-	-13.10%	-12.46%	-12.52%	-13.64%	-13.21%
Business Services	-	-	-	-	376.35M	498.92M	608.14M	803.88M	-	-
Business Services Growth	-	-	-	-	-	32.57%	21.89%	32.19%	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Non-US	-	-	-	-	38.69M	92.31M	146.36M	240.67M	-	-
Non-US Growth	-	-	-	-	-	138.58%	58.55%	64.43%	-	-
UNITED STATES	804.87M	784.66M	823.86M	854.71M	872.15M	851.41M	-	-	-	-
UNITED STATES Growth	-	-2.51%	4.99%	3.74%	2.04%	-2.38%	-	-	-	-
CANADA	32.57M	32.35M	30.29M	25.93M	27.42M	30.25M	-	-	-	-
CANADA Growth	-	-0.68%	-6.35%	-14.39%	5.71%	10.34%	-	-	-	-
BRAZIL	-	-	98K	-	-	-	-	-	-	-
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Venture Global, Inc. (VG) has a price-to-earnings (P/E) ratio of 12.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Venture Global, Inc. (VG) reported $10.85B in revenue for fiscal year 2024. This represents a 68% increase from $6.45B in 2022.

Venture Global, Inc. (VG) saw revenue decline by 37.0% over the past year.

Yes, Venture Global, Inc. (VG) is profitable, generating $2.33B in net income for fiscal year 2024 (31.0% net margin).

Dividend & Returns

Yes, Venture Global, Inc. (VG) pays a dividend with a yield of 0.78%. This makes it attractive for income-focused investors.

Venture Global, Inc. (VG) has a return on equity (ROE) of 36.5%. This is excellent, indicating efficient use of shareholder capital.

Venture Global, Inc. (VG) had negative free cash flow of $8.27B in fiscal year 2024, likely due to heavy capital investments.

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