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

International Paper is the larger business by last-quarter revenue ($4.7B vs $2.9B, roughly 1.6× Cheniere Energy Partners, L.P.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs -50.3%, a 94.5% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 3.6%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $255.0M). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs 1.3%).

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 ...

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

CQP vs IP — Head-to-Head

Bigger by revenue
IP
IP
1.6× larger
IP
$4.7B
$2.9B
CQP
Growing faster (revenue YoY)
CQP
CQP
+14.7% gap
CQP
18.3%
3.6%
IP
Higher net margin
CQP
CQP
94.5% more per $
CQP
44.2%
-50.3%
IP
More free cash flow
CQP
CQP
$609.0M more FCF
CQP
$864.0M
$255.0M
IP
Faster 2-yr revenue CAGR
CQP
CQP
Annualised
CQP
12.6%
1.3%
IP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CQP
CQP
IP
IP
Revenue
$2.9B
$4.7B
Net Profit
$1.3B
$-2.4B
Gross Margin
32.2%
Operating Margin
50.5%
-56.4%
Net Margin
44.2%
-50.3%
Revenue YoY
18.3%
3.6%
Net Profit YoY
106.6%
-1521.8%
EPS (diluted)
$-4.76

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
CQP
CQP
IP
IP
Q4 25
$2.9B
$4.7B
Q3 25
$2.4B
$6.2B
Q2 25
$2.5B
$6.8B
Q1 25
$3.0B
$5.9B
Q4 24
$2.5B
$4.6B
Q3 24
$2.1B
$4.7B
Q2 24
$1.9B
$4.7B
Q1 24
$2.3B
$4.6B
Net Profit
CQP
CQP
IP
IP
Q4 25
$1.3B
$-2.4B
Q3 25
$506.0M
$-1.1B
Q2 25
$553.0M
$75.0M
Q1 25
$641.0M
$-105.0M
Q4 24
$623.0M
$-147.0M
Q3 24
$635.0M
$150.0M
Q2 24
$570.0M
$498.0M
Q1 24
$682.0M
$56.0M
Gross Margin
CQP
CQP
IP
IP
Q4 25
32.2%
Q3 25
31.1%
Q2 25
27.9%
Q1 25
27.8%
Q4 24
29.0%
Q3 24
28.7%
Q2 24
29.0%
Q1 24
25.9%
Operating Margin
CQP
CQP
IP
IP
Q4 25
50.5%
-56.4%
Q3 25
29.0%
-10.8%
Q2 25
29.1%
1.7%
Q1 25
27.6%
-2.3%
Q4 24
33.0%
-4.9%
Q3 24
40.2%
5.1%
Q2 24
40.4%
6.8%
Q1 24
38.1%
3.7%
Net Margin
CQP
CQP
IP
IP
Q4 25
44.2%
-50.3%
Q3 25
21.0%
-17.7%
Q2 25
22.5%
1.1%
Q1 25
21.4%
-1.8%
Q4 24
25.3%
-3.2%
Q3 24
30.9%
3.2%
Q2 24
30.1%
10.5%
Q1 24
29.7%
1.2%
EPS (diluted)
CQP
CQP
IP
IP
Q4 25
$-4.76
Q3 25
$-2.09
Q2 25
$0.14
Q1 25
$-0.24
Q4 24
$-0.42
Q3 24
$0.42
Q2 24
$1.41
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
CQP
CQP
IP
IP
Cash + ST InvestmentsLiquidity on hand
$182.0M
$1.1B
Total DebtLower is stronger
$14.2B
$8.8B
Stockholders' EquityBook value
$14.8B
Total Assets
$17.4B
$38.0B
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CQP
CQP
IP
IP
Q4 25
$182.0M
$1.1B
Q3 25
$121.0M
$995.0M
Q2 25
$108.0M
$1.1B
Q1 25
$94.0M
$1.2B
Q4 24
$270.0M
$1.2B
Q3 24
$331.0M
$1.2B
Q2 24
$351.0M
$1.0B
Q1 24
$333.0M
$1.1B
Total Debt
CQP
CQP
IP
IP
Q4 25
$14.2B
$8.8B
Q3 25
$14.2B
$9.0B
Q2 25
$14.2B
$9.7B
Q1 25
$14.7B
$9.2B
Q4 24
$14.8B
$5.4B
Q3 24
$14.8B
$5.3B
Q2 24
$14.8B
$5.3B
Q1 24
$13.6B
$5.5B
Stockholders' Equity
CQP
CQP
IP
IP
Q4 25
$14.8B
Q3 25
$17.3B
Q2 25
$18.6B
Q1 25
$18.1B
Q4 24
$8.2B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.3B
Total Assets
CQP
CQP
IP
IP
Q4 25
$17.4B
$38.0B
Q3 25
$16.8B
$40.6B
Q2 25
$16.9B
$42.4B
Q1 25
$17.1B
$41.2B
Q4 24
$17.5B
$22.8B
Q3 24
$17.4B
$23.2B
Q2 24
$17.5B
$23.1B
Q1 24
$17.5B
$23.0B
Debt / Equity
CQP
CQP
IP
IP
Q4 25
0.60×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.51×
Q4 24
0.66×
Q3 24
0.62×
Q2 24
0.62×
Q1 24
0.66×

Cash Flow & Capital Efficiency

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

Metric
CQP
CQP
IP
IP
Operating Cash FlowLast quarter
$887.0M
$905.0M
Free Cash FlowOCF − Capex
$864.0M
$255.0M
FCF MarginFCF / Revenue
29.7%
5.4%
Capex IntensityCapex / Revenue
0.8%
13.7%
Cash ConversionOCF / Net Profit
0.69×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$-159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CQP
CQP
IP
IP
Q4 25
$887.0M
$905.0M
Q3 25
$658.0M
$605.0M
Q2 25
$558.0M
$476.0M
Q1 25
$665.0M
$-288.0M
Q4 24
$876.0M
$397.0M
Q3 24
$691.0M
$521.0M
Q2 24
$732.0M
$365.0M
Q1 24
$669.0M
$395.0M
Free Cash Flow
CQP
CQP
IP
IP
Q4 25
$864.0M
$255.0M
Q3 25
$610.0M
$150.0M
Q2 25
$490.0M
$54.0M
Q1 25
$605.0M
$-618.0M
Q4 24
$827.0M
$137.0M
Q3 24
$652.0M
$309.0M
Q2 24
$702.0M
$167.0M
Q1 24
$633.0M
$144.0M
FCF Margin
CQP
CQP
IP
IP
Q4 25
29.7%
5.4%
Q3 25
25.4%
2.4%
Q2 25
20.0%
0.8%
Q1 25
20.2%
-10.5%
Q4 24
33.6%
3.0%
Q3 24
31.7%
6.6%
Q2 24
37.1%
3.5%
Q1 24
27.6%
3.1%
Capex Intensity
CQP
CQP
IP
IP
Q4 25
0.8%
13.7%
Q3 25
2.0%
7.3%
Q2 25
2.8%
6.2%
Q1 25
2.0%
5.6%
Q4 24
2.0%
5.7%
Q3 24
1.9%
4.5%
Q2 24
1.6%
4.2%
Q1 24
1.6%
5.4%
Cash Conversion
CQP
CQP
IP
IP
Q4 25
0.69×
Q3 25
1.30×
Q2 25
1.01×
6.35×
Q1 25
1.04×
Q4 24
1.41×
Q3 24
1.09×
3.47×
Q2 24
1.28×
0.73×
Q1 24
0.98×
7.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CQP
CQP

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

IP
IP

Other$2.4B52%
DS Smith Packaging$2.3B48%

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