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Side-by-side financial comparison of Airbnb (ABNB) and Cheniere Energy Partners, L.P. (CQP). Click either name above to swap in a different company.

Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($2.9B vs $2.8B, roughly 1.0× Airbnb). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 12.3%, a 32.0% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 12.0%). Over the past eight quarters, Airbnb's revenue compounded faster (13.9% CAGR vs 12.6%).

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered ...

Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by companies, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has ...

ABNB vs CQP — Head-to-Head

Bigger by revenue
CQP
CQP
1.0× larger
CQP
$2.9B
$2.8B
ABNB
Growing faster (revenue YoY)
CQP
CQP
+6.3% gap
CQP
18.3%
12.0%
ABNB
Higher net margin
CQP
CQP
32.0% more per $
CQP
44.2%
12.3%
ABNB
Faster 2-yr revenue CAGR
ABNB
ABNB
Annualised
ABNB
13.9%
12.6%
CQP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABNB
ABNB
CQP
CQP
Revenue
$2.8B
$2.9B
Net Profit
$341.0M
$1.3B
Gross Margin
82.5%
Operating Margin
9.7%
50.5%
Net Margin
12.3%
44.2%
Revenue YoY
12.0%
18.3%
Net Profit YoY
-26.0%
106.6%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABNB
ABNB
CQP
CQP
Q4 25
$2.8B
$2.9B
Q3 25
$4.1B
$2.4B
Q2 25
$3.1B
$2.5B
Q1 25
$2.3B
$3.0B
Q4 24
$2.5B
$2.5B
Q3 24
$3.7B
$2.1B
Q2 24
$2.7B
$1.9B
Q1 24
$2.1B
$2.3B
Net Profit
ABNB
ABNB
CQP
CQP
Q4 25
$341.0M
$1.3B
Q3 25
$1.4B
$506.0M
Q2 25
$642.0M
$553.0M
Q1 25
$154.0M
$641.0M
Q4 24
$461.0M
$623.0M
Q3 24
$1.4B
$635.0M
Q2 24
$555.0M
$570.0M
Q1 24
$264.0M
$682.0M
Gross Margin
ABNB
ABNB
CQP
CQP
Q4 25
82.5%
Q3 25
86.6%
Q2 25
82.4%
Q1 25
77.7%
Q4 24
82.8%
Q3 24
87.5%
Q2 24
81.6%
Q1 24
77.6%
Operating Margin
ABNB
ABNB
CQP
CQP
Q4 25
9.7%
50.5%
Q3 25
39.7%
29.0%
Q2 25
19.8%
29.1%
Q1 25
1.7%
27.6%
Q4 24
17.3%
33.0%
Q3 24
40.9%
40.2%
Q2 24
18.1%
40.4%
Q1 24
4.7%
38.1%
Net Margin
ABNB
ABNB
CQP
CQP
Q4 25
12.3%
44.2%
Q3 25
33.6%
21.0%
Q2 25
20.7%
22.5%
Q1 25
6.8%
21.4%
Q4 24
18.6%
25.3%
Q3 24
36.7%
30.9%
Q2 24
20.2%
30.1%
Q1 24
12.3%
29.7%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABNB
ABNB
CQP
CQP
Cash + ST InvestmentsLiquidity on hand
$11.0B
$182.0M
Total DebtLower is stronger
$14.2B
Stockholders' EquityBook value
$8.2B
Total Assets
$22.2B
$17.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABNB
ABNB
CQP
CQP
Q4 25
$11.0B
$182.0M
Q3 25
$11.7B
$121.0M
Q2 25
$11.4B
$108.0M
Q1 25
$11.5B
$94.0M
Q4 24
$10.6B
$270.0M
Q3 24
$11.3B
$331.0M
Q2 24
$11.3B
$351.0M
Q1 24
$11.1B
$333.0M
Total Debt
ABNB
ABNB
CQP
CQP
Q4 25
$14.2B
Q3 25
$14.2B
Q2 25
$14.2B
Q1 25
$14.7B
Q4 24
$14.8B
Q3 24
$14.8B
Q2 24
$14.8B
Q1 24
$13.6B
Stockholders' Equity
ABNB
ABNB
CQP
CQP
Q4 25
$8.2B
Q3 25
$8.6B
Q2 25
$7.8B
Q1 25
$7.9B
Q4 24
$8.4B
Q3 24
$8.5B
Q2 24
$8.0B
Q1 24
$7.9B
Total Assets
ABNB
ABNB
CQP
CQP
Q4 25
$22.2B
$17.4B
Q3 25
$23.1B
$16.8B
Q2 25
$27.0B
$16.9B
Q1 25
$25.1B
$17.1B
Q4 24
$21.0B
$17.5B
Q3 24
$22.2B
$17.4B
Q2 24
$26.3B
$17.5B
Q1 24
$24.5B
$17.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABNB
ABNB
CQP
CQP
Operating Cash FlowLast quarter
$526.0M
$887.0M
Free Cash FlowOCF − Capex
$864.0M
FCF MarginFCF / Revenue
29.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.54×
0.69×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABNB
ABNB
CQP
CQP
Q4 25
$526.0M
$887.0M
Q3 25
$1.4B
$658.0M
Q2 25
$975.0M
$558.0M
Q1 25
$1.8B
$665.0M
Q4 24
$466.0M
$876.0M
Q3 24
$1.1B
$691.0M
Q2 24
$1.1B
$732.0M
Q1 24
$1.9B
$669.0M
Free Cash Flow
ABNB
ABNB
CQP
CQP
Q4 25
$864.0M
Q3 25
$610.0M
Q2 25
$490.0M
Q1 25
$605.0M
Q4 24
$827.0M
Q3 24
$652.0M
Q2 24
$702.0M
Q1 24
$633.0M
FCF Margin
ABNB
ABNB
CQP
CQP
Q4 25
29.7%
Q3 25
25.4%
Q2 25
20.0%
Q1 25
20.2%
Q4 24
33.6%
Q3 24
31.7%
Q2 24
37.1%
Q1 24
27.6%
Capex Intensity
ABNB
ABNB
CQP
CQP
Q4 25
0.8%
Q3 25
2.0%
Q2 25
2.8%
Q1 25
2.0%
Q4 24
2.0%
Q3 24
1.9%
Q2 24
1.6%
Q1 24
1.6%
Cash Conversion
ABNB
ABNB
CQP
CQP
Q4 25
1.54×
0.69×
Q3 25
0.99×
1.30×
Q2 25
1.52×
1.01×
Q1 25
11.62×
1.04×
Q4 24
1.01×
1.41×
Q3 24
0.79×
1.09×
Q2 24
1.89×
1.28×
Q1 24
7.28×
0.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABNB
ABNB

North America$1.1B41%
EMEA$930.0M33%
Latin America$351.0M13%
Other$351.0M13%

CQP
CQP

Liquefied Natural Gas$2.9B98%
Regasification Service$34.0M1%
Other$17.0M1%

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