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Side-by-side financial comparison of BARRICK MINING CORP (B) and Venture Global, Inc. (VG). Click either name above to swap in a different company.

Venture Global, Inc. is the larger business by last-quarter revenue ($4.4B vs $3.7B, roughly 1.2× BARRICK MINING CORP). BARRICK MINING CORP runs the higher net margin — 34.1% vs 26.8%, a 7.3% gap on every dollar of revenue. On growth, Venture Global, Inc. posted the faster year-over-year revenue change (191.7% vs 16.4%).

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York. Its primary areas of business are financial information, analytics, and energy and commodities intelligence. It is the parent company of S&P Global Ratings, S&P Global Energy, S&P Global Market Intelligence, S&P Global Mobility, and the Indian credit rating agency CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

B vs VG — Head-to-Head

Bigger by revenue
VG
VG
1.2× larger
VG
$4.4B
$3.7B
B
Growing faster (revenue YoY)
VG
VG
+175.3% gap
VG
191.7%
16.4%
B
Higher net margin
B
B
7.3% more per $
B
34.1%
26.8%
VG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
B
B
VG
VG
Revenue
$3.7B
$4.4B
Net Profit
$1.3B
$1.2B
Gross Margin
49.0%
Operating Margin
38.5%
38.7%
Net Margin
34.1%
26.8%
Revenue YoY
16.4%
191.7%
Net Profit YoY
98.1%
20.3%
EPS (diluted)
$0.47
$0.41

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
B
B
VG
VG
Q4 25
$4.4B
Q3 25
$3.3B
Q2 25
$3.7B
$3.1B
Q1 25
$2.9B
Q4 24
$1.5B
Q3 24
$926.0M
Q2 24
$3.2B
$1.1B
Q1 24
$1.4B
Net Profit
B
B
VG
VG
Q4 25
$1.2B
Q3 25
$550.0M
Q2 25
$1.3B
$475.0M
Q1 25
$517.0M
Q4 24
$990.0M
Q3 24
$-294.0M
Q2 24
$634.0M
$352.0M
Q1 24
$698.0M
Gross Margin
B
B
VG
VG
Q4 25
Q3 25
Q2 25
49.0%
Q1 25
Q4 24
Q3 24
Q2 24
37.4%
Q1 24
Operating Margin
B
B
VG
VG
Q4 25
38.7%
Q3 25
39.7%
Q2 25
38.5%
33.5%
Q1 25
37.3%
Q4 24
39.0%
Q3 24
20.4%
Q2 24
34.5%
32.8%
Q1 24
43.6%
Net Margin
B
B
VG
VG
Q4 25
26.8%
Q3 25
16.5%
Q2 25
34.1%
15.3%
Q1 25
17.9%
Q4 24
65.0%
Q3 24
-31.7%
Q2 24
20.1%
31.8%
Q1 24
49.4%
EPS (diluted)
B
B
VG
VG
Q4 25
$0.41
Q3 25
$0.16
Q2 25
$0.47
$0.14
Q1 25
$0.15
Q4 24
$0.35
Q3 24
$-0.15
Q2 24
$0.21
$0.12
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
B
B
VG
VG
Cash + ST InvestmentsLiquidity on hand
$4.8B
$2.4B
Total DebtLower is stronger
$34.2B
Stockholders' EquityBook value
$33.4B
$6.7B
Total Assets
$47.3B
$53.4B
Debt / EquityLower = less leverage
5.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
B
B
VG
VG
Q4 25
$2.4B
Q3 25
$1.9B
Q2 25
$4.8B
$2.2B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
Q2 24
$4.0B
Q1 24
Total Debt
B
B
VG
VG
Q4 25
$34.2B
Q3 25
$32.6B
Q2 25
$30.0B
Q1 25
$29.3B
Q4 24
$29.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
B
B
VG
VG
Q4 25
$6.7B
Q3 25
$5.7B
Q2 25
$33.4B
$5.3B
Q1 25
$4.9B
Q4 24
$2.9B
Q3 24
Q2 24
$32.5B
Q1 24
Total Assets
B
B
VG
VG
Q4 25
$53.4B
Q3 25
$50.1B
Q2 25
$47.3B
$46.5B
Q1 25
$45.1B
Q4 24
$43.5B
Q3 24
Q2 24
$46.2B
Q1 24
Debt / Equity
B
B
VG
VG
Q4 25
5.07×
Q3 25
5.73×
Q2 25
5.69×
Q1 25
6.01×
Q4 24
10.11×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
B
B
VG
VG
Operating Cash FlowLast quarter
$1.3B
$2.1B
Free Cash FlowOCF − Capex
$-1.5B
FCF MarginFCF / Revenue
-34.1%
Capex IntensityCapex / Revenue
81.6%
Cash ConversionOCF / Net Profit
1.06×
1.77×
TTM Free Cash FlowTrailing 4 quarters
$-6.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
B
B
VG
VG
Q4 25
$2.1B
Q3 25
$1.9B
Q2 25
$1.3B
$1.5B
Q1 25
$1.1B
Q4 24
Q3 24
Q2 24
$1.2B
Q1 24
$638.0M
Free Cash Flow
B
B
VG
VG
Q4 25
$-1.5B
Q3 25
$-1.4B
Q2 25
$-1.5B
Q1 25
$-2.4B
Q4 24
Q3 24
Q2 24
Q1 24
$-2.4B
FCF Margin
B
B
VG
VG
Q4 25
-34.1%
Q3 25
-42.4%
Q2 25
-49.1%
Q1 25
-81.3%
Q4 24
Q3 24
Q2 24
Q1 24
-167.3%
Capex Intensity
B
B
VG
VG
Q4 25
81.6%
Q3 25
98.9%
Q2 25
96.1%
Q1 25
119.8%
Q4 24
Q3 24
Q2 24
Q1 24
212.4%
Cash Conversion
B
B
VG
VG
Q4 25
1.77×
Q3 25
3.42×
Q2 25
1.06×
3.07×
Q1 25
2.15×
Q4 24
Q3 24
Q2 24
1.83×
Q1 24
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

B
B

Segment breakdown not available.

VG
VG

Plaquemines Project Segment$3.4B76%
Calcasieu Project Segment$841.0M19%
Other$208.0M5%

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