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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($3.6B vs $1.6B, roughly 2.3× DARLING INGREDIENTS INC.). Cheniere Energy Partners, L.P. runs the higher net margin — 5.2% vs 1.2%, a 3.9% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (20.4% vs 10.0%). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (37.9% CAGR vs -1.6%).
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 ...
Darling Ingredients Inc. is a global sustainable natural ingredients maker that converts edible and inedible organic byproducts into high-value products: food-grade nutritional ingredients, animal feed additives, pharmaceutical raw materials and biofuel components, serving food, agriculture, pharma and renewable energy markets across North America, Europe and Asia-Pacific.
CQP vs DAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $1.6B |
| Net Profit | $186.0M | $19.4M |
| Gross Margin | — | 24.7% |
| Operating Margin | 10.0% | 4.6% |
| Net Margin | 5.2% | 1.2% |
| Revenue YoY | 20.4% | 10.0% |
| Net Profit YoY | — | 14.2% |
| EPS (diluted) | — | $0.12 |
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.
| Q1 26 | $3.6B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $1.9B | $1.5B |
| Q1 26 | $186.0M | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $506.0M | $19.4M | ||
| Q2 25 | $553.0M | $12.7M | ||
| Q1 25 | $641.0M | $-26.2M | ||
| Q4 24 | $623.0M | $101.9M | ||
| Q3 24 | $635.0M | $16.9M | ||
| Q2 24 | $570.0M | $78.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 50.5% | — | ||
| Q3 25 | 29.0% | 4.6% | ||
| Q2 25 | 29.1% | 5.1% | ||
| Q1 25 | 27.6% | 2.1% | ||
| Q4 24 | 33.0% | 8.6% | ||
| Q3 24 | 40.2% | 4.2% | ||
| Q2 24 | 40.4% | 10.2% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 44.2% | — | ||
| Q3 25 | 21.0% | 1.2% | ||
| Q2 25 | 22.5% | 0.9% | ||
| Q1 25 | 21.4% | -1.9% | ||
| Q4 24 | 25.3% | 7.2% | ||
| Q3 24 | 30.9% | 1.2% | ||
| Q2 24 | 30.1% | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.08 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $279.0M | $91.5M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | — | $4.7B |
| Total Assets | $17.1B | $10.5B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $279.0M | — | ||
| Q4 25 | $182.0M | — | ||
| Q3 25 | $121.0M | $91.5M | ||
| Q2 25 | $108.0M | $94.6M | ||
| Q1 25 | $94.0M | $81.5M | ||
| Q4 24 | $270.0M | $76.0M | ||
| Q3 24 | $331.0M | $114.8M | ||
| Q2 24 | $351.0M | $121.6M |
| Q1 26 | — | — | ||
| Q4 25 | $14.2B | — | ||
| Q3 25 | $14.2B | $4.0B | ||
| Q2 25 | $14.2B | $3.9B | ||
| Q1 25 | $14.7B | $3.8B | ||
| Q4 24 | $14.8B | $3.9B | ||
| Q3 24 | $14.8B | $4.1B | ||
| Q2 24 | $14.8B | $4.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.5B |
| Q1 26 | $17.1B | — | ||
| Q4 25 | $17.4B | — | ||
| Q3 25 | $16.8B | $10.5B | ||
| Q2 25 | $16.9B | $10.3B | ||
| Q1 25 | $17.1B | $10.0B | ||
| Q4 24 | $17.5B | $10.1B | ||
| Q3 24 | $17.4B | $10.6B | ||
| Q2 24 | $17.5B | $10.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $224.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | — | ||
| Q3 25 | $658.0M | $224.3M | ||
| Q2 25 | $558.0M | $145.8M | ||
| Q1 25 | $665.0M | $249.0M | ||
| Q4 24 | $876.0M | $154.4M | ||
| Q3 24 | $691.0M | $274.5M | ||
| Q2 24 | $732.0M | $146.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | 11.59× | ||
| Q2 25 | 1.01× | 11.52× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.41× | 1.52× | ||
| Q3 24 | 1.09× | 16.19× | ||
| Q2 24 | 1.28× | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CQP
| LNG revenues | $2.7B | 75% |
| LNG revenues-affiliate | $846.0M | 24% |
| Regasification revenues | $34.0M | 1% |
| Other revenues | $17.0M | 0% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
