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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) 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 $1.7B, roughly 1.7× AXIS CAPITAL HOLDINGS LTD). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 16.7%, a 27.5% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 17.8%). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs 10.3%).

AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore. The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance. The reinsurance services include property, professional lines, credit and bond, and others.

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 ...

AXS vs CQP — Head-to-Head

Bigger by revenue
CQP
CQP
1.7× larger
CQP
$2.9B
$1.7B
AXS
Growing faster (revenue YoY)
CQP
CQP
+0.4% gap
CQP
18.3%
17.8%
AXS
Higher net margin
CQP
CQP
27.5% more per $
CQP
44.2%
16.7%
AXS
Faster 2-yr revenue CAGR
CQP
CQP
Annualised
CQP
12.6%
10.3%
AXS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXS
AXS
CQP
CQP
Revenue
$1.7B
$2.9B
Net Profit
$289.6M
$1.3B
Gross Margin
Operating Margin
19.0%
50.5%
Net Margin
16.7%
44.2%
Revenue YoY
17.8%
18.3%
Net Profit YoY
-1.4%
106.6%
EPS (diluted)
$3.63

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
AXS
AXS
CQP
CQP
Q4 25
$1.7B
$2.9B
Q3 25
$1.7B
$2.4B
Q2 25
$1.6B
$2.5B
Q1 25
$1.5B
$3.0B
Q4 24
$1.5B
$2.5B
Q3 24
$1.6B
$2.1B
Q2 24
$1.5B
$1.9B
Q1 24
$1.4B
$2.3B
Net Profit
AXS
AXS
CQP
CQP
Q4 25
$289.6M
$1.3B
Q3 25
$301.9M
$506.0M
Q2 25
$223.4M
$553.0M
Q1 25
$194.1M
$641.0M
Q4 24
$293.6M
$623.0M
Q3 24
$180.7M
$635.0M
Q2 24
$212.0M
$570.0M
Q1 24
$395.5M
$682.0M
Operating Margin
AXS
AXS
CQP
CQP
Q4 25
19.0%
50.5%
Q3 25
22.1%
29.0%
Q2 25
17.2%
29.1%
Q1 25
15.5%
27.6%
Q4 24
18.6%
33.0%
Q3 24
14.2%
40.2%
Q2 24
17.4%
40.4%
Q1 24
19.0%
38.1%
Net Margin
AXS
AXS
CQP
CQP
Q4 25
16.7%
44.2%
Q3 25
18.0%
21.0%
Q2 25
13.7%
22.5%
Q1 25
12.8%
21.4%
Q4 24
20.0%
25.3%
Q3 24
11.2%
30.9%
Q2 24
14.6%
30.1%
Q1 24
27.8%
29.7%
EPS (diluted)
AXS
AXS
CQP
CQP
Q4 25
$3.63
Q3 25
$3.74
Q2 25
$2.72
Q1 25
$2.26
Q4 24
$3.38
Q3 24
$2.04
Q2 24
$2.40
Q1 24
$4.53

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
CQP
CQP
Cash + ST InvestmentsLiquidity on hand
$820.3M
$182.0M
Total DebtLower is stronger
$14.2B
Stockholders' EquityBook value
$6.4B
Total Assets
$34.5B
$17.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
CQP
CQP
Q4 25
$820.3M
$182.0M
Q3 25
$825.9M
$121.0M
Q2 25
$852.1M
$108.0M
Q1 25
$2.8B
$94.0M
Q4 24
$2.1B
$270.0M
Q3 24
$981.0M
$331.0M
Q2 24
$1.1B
$351.0M
Q1 24
$1.1B
$333.0M
Total Debt
AXS
AXS
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
AXS
AXS
CQP
CQP
Q4 25
$6.4B
Q3 25
$6.4B
Q2 25
$6.2B
Q1 25
$5.9B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$5.7B
Q1 24
$5.5B
Total Assets
AXS
AXS
CQP
CQP
Q4 25
$34.5B
$17.4B
Q3 25
$34.3B
$16.8B
Q2 25
$34.2B
$16.9B
Q1 25
$33.2B
$17.1B
Q4 24
$32.5B
$17.5B
Q3 24
$32.7B
$17.4B
Q2 24
$32.1B
$17.5B
Q1 24
$31.8B
$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
AXS
AXS
CQP
CQP
Operating Cash FlowLast quarter
$630.4M
$887.0M
Free Cash FlowOCF − Capex
$864.0M
FCF MarginFCF / Revenue
29.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
2.18×
0.69×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXS
AXS
CQP
CQP
Q4 25
$630.4M
$887.0M
Q3 25
$673.8M
$658.0M
Q2 25
$-1.7B
$558.0M
Q1 25
$309.1M
$665.0M
Q4 24
$355.5M
$876.0M
Q3 24
$587.0M
$691.0M
Q2 24
$518.1M
$732.0M
Q1 24
$384.1M
$669.0M
Free Cash Flow
AXS
AXS
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
AXS
AXS
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
AXS
AXS
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
AXS
AXS
CQP
CQP
Q4 25
2.18×
0.69×
Q3 25
2.23×
1.30×
Q2 25
-7.41×
1.01×
Q1 25
1.59×
1.04×
Q4 24
1.21×
1.41×
Q3 24
3.25×
1.09×
Q2 24
2.44×
1.28×
Q1 24
0.97×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXS
AXS

Reinsurance$1.4B82%
Other$311.3M18%

CQP
CQP

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

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