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Venture Global, Inc.(VG)Earnings, Financials & Key Ratios
VG•NYSE
12.8× P/E·Price updated Jun 19, 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$2.7B+74.8%
- EPS (Diluted)0.86+41.0%
- Gross Margin49.3%-25.7%
- EBITDA Margin43.39%+3.5%
- Operating Margin36.56%+3.1%
- Net Margin19.59%-36.9%
- ROE32.36%-11.4%
VG Key Insights
Venture Global, Inc. (VG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 91.9%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 28.3%
✗Weaknesses
- ✗High debt to equity ratio of 3.4x
- ✗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.
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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%
TTM128.97%
Profit CAGR
10 Years-
5 Years-
3 Years13.23%
TTM56.34%
EPS CAGR
10 Years-
5 Years-
3 Years-2.92%
TTM45.16%
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 2/12 qtrs (29%)●Beat Revenue 5/12 qtrs (83%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.19+51.5%
$0.13
Rev
$4.6B+15.8%
$4.0B
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$0.41+18.5%
$0.35
Rev
$4.4B+0.1%
$4.4B
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.16-29.6%
$0.23
Rev
$3.3B+1.5%
$3.3B
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.14-23.9%
$0.18
Rev
$3.1B+5.5%
$2.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.19vs $0.13+51.5% | $4.6Bvs $4.0B+15.8% |
| Q2 2026 | 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% |
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 | 47.57B | 227.03 | 9.41 | 24.44% | 7% | 13.25% | 2.19 | |
 NFE | 123.71M | 0.43 | -0.07 | -36.4% | -168.8% | -309.49% | 27.68 | |
 NEXT | 1.95B | 7.35 | -6.28 | -15.58% | 3.76 | |||
 GLNG | 5.05B | 49.60 | 76.31 | 51.14% | 30.1% | 6.4% | 1.33 | |
 ET | 64.51B | 18.75 | 13.89 | -0.05% | 6.21% | 11.56% | 1.45 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 WMB | 89.43B | 73.12 | 34.17 | 13.78% | 23.82% | 18.98% | 1.96 | |
 OKE | 53.57B | 85.03 | 15.69 | 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
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Sales/Revenue | 6.45B | 7.9B | 4.97B | 13.77B | 15.47B |
Revenue Growth % | - | 22.47% | -37.04% | 176.93% | 128.97% |
Cost of Goods Sold | 2.25B | 1.68B | 1.67B | 6.98B | 8.58B |
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% | 6.9B▲ 0% |
Gross Margin % | 65.09% | 78.68% | 66.35% | 49.3% | 44.58% |
Gross Profit Growth % | - | 48.03% | -46.9% | 105.76% | - |
Operating Expenses | 642M | 1.36B | 1.54B | 1.75B | 1.63B |
OpEx % of Revenue | 9.96% | 17.26% | 30.89% | 12.74% | - |
Selling, General & Admin | 191M | 224M | 312M | 433M | 425M |
SG&A % of Revenue | 2.96% | 2.84% | 6.28% | 3.14% | - |
Research & Development | 311M | 490M | 635M | 0 | 211M |
R&D % of Revenue | 4.82% | 6.2% | 12.77% | - | - |
Other Operating Expenses | 140M | 649M | 589M | 1.32B | 4M |
Operating Income | 3.56B▲ 0% | 4.85B▲ 36.4% | 1.76B▼ 63.6% | 5.03B▲ 185.5% | 5.27B▲ 0% |
Operating Margin % | 55.13% | 61.42% | 35.46% | 36.56% | 34.05% |
Operating Income Growth % | - | 36.43% | -63.65% | 185.54% | - |
EBITDA | 3.71B | 5.13B | 2.08B | 5.97B | 6.25B |
EBITDA Margin % | 57.58% | 64.92% | 41.93% | 43.39% | 40.36% |
EBITDA Growth % | - | 38.08% | -59.33% | 186.57% | 111.84% |
D&A (Non-Cash Add-back) | 158M | 277M | 322M | 941M | 976M |
EBIT | 4.14B | 5.07B | 2.77B | 5.03B | 5.07B |
Net Interest Income | -574M | -469M | -340M | -1.3B | -1.5B |
Interest Income | 18M | 172M | 244M | 151M | 123M |
Interest Expense | 592M | 641M | 584M | 1.45B | 1.62B |
Other Income/Expense | -11M | -418M | 420M | -1.67B | -1.84B |
Pretax Income | 3.54B▲ 0% | 4.43B▲ 25.1% | 2.18B▼ 50.7% | 3.36B▲ 54.1% | 3.43B▲ 0% |
Pretax Margin % | 54.96% | 56.12% | 43.91% | 24.42% | 22.17% |
Income Tax | 447M | 816M | 437M | 630M | 590M |
Effective Tax Rate % | 12.61% | 18.41% | 20.02% | 18.73% | 17.2% |
Net Income | 1.86B▲ 0% | 2.68B▲ 44.3% | 1.54B▼ 42.4% | 2.7B▲ 74.8% | 2.66B▲ 0% |
Net Margin % | 28.82% | 33.95% | 31.03% | 19.59% | 17.22% |
Net Income Growth % | - | 44.29% | -42.45% | 74.79% | 56.34% |
Net Income (Continuing) | 3.1B | 3.62B | 1.75B | 2.73B | 2.84B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 695M | 575M | 3.47B | 3.56B | 3.48B |
EPS (Diluted) | 0.94▲ 0% | 1.04▲ 10.6% | 0.61▼ 41.3% | 0.86▲ 41.0% | 1.01▲ 0% |
EPS Growth % | - | 10.64% | -41.35% | 40.98% | 45.16% |
EPS (Basic) | 0.94 | 1.14 | 0.61 | 0.93 | - |
Diluted Shares Outstanding | 2.58B | 2.58B | 2.42B | 2.63B | 2.63B |
Basic Shares Outstanding | 2.35B | 2.07B | 2.42B | 2.43B | 2.46B |
Dividend Payout Ratio | 0.32% | 6.12% | 9.01% | 17.24% | - |
VG Balance Sheet
Venture Global, Inc. (VG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Current Assets | 1.41B | 5.96B | 4.56B | 4.04B | 3.22B |
Cash & Short-Term Investments | 618M | 4.82B | 3.61B | 2.35B | 1.93B |
Cash Only | 618M | 4.82B | 3.61B | 2.35B | 1.93B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 190M | 265M | 364M | 918M | 810M |
Days Sales Outstanding | 10.76 | 12.25 | 26.72 | 24.34 | 17.89 |
Inventory | 26M | 44M | 171M | 253M | 241M |
Days Inventory Outstanding | 4.22 | 9.54 | 37.31 | 13.23 | 9.63 |
Other Current Assets | 578M | 827M | 416M | 514M | 234M |
Total Non-Current Assets | 13.69B | 22.5B | 38.93B | 49.41B | 53.08B |
Property, Plant & Equipment | 10.93B | 19.82B | 35.28B | 47.33B | 50.48B |
Fixed Asset Turnover | 0.59x | 0.40x | 0.14x | 0.29x | 0.34x |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 539M | 327M | 0 | 4.3B |
Other Non-Current Assets | 2.75B | 2.15B | 3.33B | 2.08B | 1.27B |
Total Assets | 15.1B▲ 0% | 28.46B▲ 88.5% | 43.49B▲ 52.8% | 53.45B▲ 22.9% | 56.3B▲ 0% |
Asset Turnover | 0.43x | 0.28x | 0.11x | 0.26x | 0.30x |
Asset Growth % | - | 88.53% | 52.8% | 22.89% | 74.89% |
Total Current Liabilities | 1.75B | 2.31B | 3.54B | 4.34B | 3.71B |
Accounts Payable | 252M | 436M | 1.54B | 737M | 817M |
Days Payables Outstanding | 40.86 | 94.5 | 335.11 | 38.53 | 33.01 |
Short-Term Debt | 150M | 178M | 190M | 812M | 191M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 285M | 280M | 473M | 550M | 2.53B |
Current Ratio | 0.81x | 2.57x | 1.29x | 0.93x | 0.87x |
Quick Ratio | 0.79x | 2.56x | 1.24x | 0.87x | 0.80x |
Cash Conversion Cycle | -25.89 | -72.72 | -271.08 | -0.97 | -5.48 |
Total Non-Current Liabilities | 12.84B | 24.06B | 33.58B | 38.8B | 40.24B |
Long-Term Debt | 10.46B | 20.61B | 29.09B | 33.39B | 36.46B |
Capital Lease Obligations | 337M | 383M | 536M | 696M | 2.42B |
Deferred Tax Liabilities | 474M | 1.15B | 1.64B | 2.32B | 8.68B |
Other Non-Current Liabilities | 1.57B | 1.92B | 2.32B | 2.39B | 424M |
Total Liabilities | 14.59B | 26.38B | 37.12B | 43.15B | 43.95B |
Total Debt | 10.95B | 21.17B | 29.81B | 34.9B | 37.59B |
Net Debt | 10.33B | 16.34B | 26.2B | 32.55B | 35.66B |
Debt / Equity | 21.50x | 10.15x | 4.68x | 3.39x | 3.05x |
Debt / EBITDA | 2.95x | 4.13x | 14.30x | 5.84x | 6.02x |
Net Debt / EBITDA | 2.78x | 3.19x | 12.57x | 5.45x | 5.71x |
Interest Coverage | 6.99x | 7.91x | 4.74x | 3.46x | 3.12x |
Total Equity | 509M▲ 0% | 2.08B▲ 309.6% | 6.37B▲ 205.4% | 10.3B▲ 61.8% | 12.35B▲ 0% |
Equity Growth % | - | 309.63% | 205.37% | 61.77% | 235.61% |
Book Value per Share | 0.20 | 0.81 | 2.63 | 3.91 | 4.69 |
Total Shareholders' Equity | -186M | 1.51B | 2.9B | 6.74B | 8.86B |
Common Stock | 0 | 0 | 23M | 24M | 25M |
Retained Earnings | 688M | 1.23B | 2.61B | 4.72B | 5.16B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -184M | -260M | -249M | -239M | -235M |
Minority Interest | 695M | 575M | 3.47B | 3.56B | 3.48B |
VG Cash Flow Statement
Venture Global, Inc. (VG) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | 3.7B | 4.55B | 2.15B | 6.57B | 6.21B |
Operating CF Margin % | 57.41% | 57.62% | 43.22% | 47.69% | - |
Operating CF Growth % | - | 22.91% | -52.77% | 205.54% | 754.66% |
Net Income | 3.1B | 3.62B | 1.75B | 2.73B | 2.66B |
Depreciation & Amortization | 158M | 277M | 322M | 941M | 976M |
Stock-Based Compensation | 26M | 28M | 22M | 46M | 12M |
Deferred Taxes | 446M | 674M | 446M | 638M | 298M |
Other Non-Cash Items | -355M | 236M | -472M | 1.99B | 2.16B |
Working Capital Changes | 330M | -281M | 85M | 216M | 91M |
Change in Receivables | -190M | -75M | -90M | -564M | -177M |
Change in Inventory | -26M | -18M | -127M | -61M | -26M |
Change in Payables | 0 | 0 | 0 | 873M | 284M |
Cash from Investing | -2.9B | -8.72B | -14.16B | -13.22B | -12.75B |
Capital Expenditures | -4.62B | -8.09B | -13.72B | -13.37B | -9.46B |
CapEx % of Revenue | 71.62% | 102.46% | 275.88% | 97.07% | 61.1% |
Acquisitions | 0 | -539M | -106M | 0 | 0 |
Investments | - | - | - | - | - |
Other Investing | 1.7B | -79M | -336M | 164M | -3.29B |
Cash from Financing | 235M | 7.63B | 10.75B | 5.46B | 5.55B |
Debt Issued (Net) | 2.63B | 10.23B | 8.46B | 4.25B | 6.01B |
Equity Issued (Net) | 0 | 0 | 3B | 1.75B | 0 |
Dividends Paid | -6M | -164M | -139M | -465M | -455M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 |
Other Financing | -2.38B | -2.44B | -564M | -74M | -2M |
Net Change in Cash | 1.04B▲ 0% | 3.46B▲ 233.7% | -1.26B▼ 136.4% | -1.19B▲ 5.5% | -1.73B▲ 0% |
Free Cash Flow | -916M▲ 0% | -3.54B▼ 286.6% | -11.57B▼ 226.7% | -6.8B▲ 41.2% | -6.87B▲ 0% |
FCF Margin % | -14.21% | -44.84% | -232.66% | -49.38% | -44.36% |
FCF Growth % | - | -286.57% | -226.69% | 41.23% | 38.85% |
FCF per Share | -0.36 | -1.37 | -4.78 | -2.58 | -2.61 |
FCF Conversion (FCF/Net Income) | 1.99x | 1.70x | 1.39x | 2.43x | -2.58x |
Interest Paid | 220M | 368M | 338M | 0 | 0 |
Taxes Paid | 0 | 127M | 10M | 0 | 0 |
VG Key Ratios
Venture Global, Inc. (VG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
Return on Equity (ROE) | 206.71% | 36.51% | 32.36% | 24.24% |
Return on Invested Capital (ROIC) | 24.86% | 5.19% | 10.01% | 11.42% |
Gross Margin | 78.68% | 66.35% | 49.3% | 44.58% |
Net Margin | 33.95% | 31.03% | 19.59% | 17.22% |
Debt / Equity | 10.15x | 4.68x | 3.39x | 3.05x |
Interest Coverage | 7.91x | 4.74x | 3.46x | 3.12x |
FCF Conversion | 1.70x | 1.39x | 2.43x | -2.58x |
Revenue Growth | 22.47% | -37.04% | 176.93% | 128.97% |
Related:VG Dividend History·VG Revenue History·VG Price History·VG P/E History·VG Financial Ratios·VG Institutional Holders
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 $15.47B in revenue for fiscal year 2025. This represents a 140% 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 $2.66B in net income for fiscal year 2025 (19.6% net margin).
Dividend & Returns
Yes, Venture Global, Inc. (VG) pays a dividend with a yield of 1.60%. This makes it attractive for income-focused investors.
Venture Global, Inc. (VG) has a return on equity (ROE) of 32.4%. This is excellent, indicating efficient use of shareholder capital.
Venture Global, Inc. (VG) had negative free cash flow of $6.87B in fiscal year 2025, likely due to heavy capital investments.