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

ServiceNow is the larger business by last-quarter revenue ($3.8B vs $2.9B, roughly 1.3× Cheniere Energy Partners, L.P.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 12.4%, a 31.8% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 2.8%). ServiceNow produced more free cash flow last quarter ($1.7B vs $864.0M). Over the past eight quarters, ServiceNow's revenue compounded faster (19.8% CAGR vs 12.6%).

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 ...

ServiceNow, Inc. is an American software company that supplies a cloud computing platform for the creation and management of automated business workflows. The company was founded in Santa Clara, California, United States, in 2003 by Fred Luddy. It is listed on the New York Stock Exchange and is a constituent of the S&P 100 and S&P 500 indices.

CQP vs NOW — Head-to-Head

Bigger by revenue
NOW
NOW
1.3× larger
NOW
$3.8B
$2.9B
CQP
Growing faster (revenue YoY)
CQP
CQP
+15.5% gap
CQP
18.3%
2.8%
NOW
Higher net margin
CQP
CQP
31.8% more per $
CQP
44.2%
12.4%
NOW
More free cash flow
NOW
NOW
$801.0M more FCF
NOW
$1.7B
$864.0M
CQP
Faster 2-yr revenue CAGR
NOW
NOW
Annualised
NOW
19.8%
12.6%
CQP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CQP
CQP
NOW
NOW
Revenue
$2.9B
$3.8B
Net Profit
$1.3B
$469.0M
Gross Margin
75.1%
Operating Margin
50.5%
13.3%
Net Margin
44.2%
12.4%
Revenue YoY
18.3%
2.8%
Net Profit YoY
106.6%
-53.7%
EPS (diluted)
$1.04

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
NOW
NOW
Q1 26
$3.8B
Q4 25
$2.9B
$3.6B
Q3 25
$2.4B
$3.4B
Q2 25
$2.5B
$3.2B
Q1 25
$3.0B
$3.1B
Q4 24
$2.5B
$3.0B
Q3 24
$2.1B
$2.8B
Q2 24
$1.9B
$2.6B
Net Profit
CQP
CQP
NOW
NOW
Q1 26
$469.0M
Q4 25
$1.3B
$401.0M
Q3 25
$506.0M
$502.0M
Q2 25
$553.0M
$385.0M
Q1 25
$641.0M
$460.0M
Q4 24
$623.0M
$384.0M
Q3 24
$635.0M
$432.0M
Q2 24
$570.0M
$262.0M
Gross Margin
CQP
CQP
NOW
NOW
Q1 26
75.1%
Q4 25
76.6%
Q3 25
77.3%
Q2 25
77.5%
Q1 25
78.9%
Q4 24
78.7%
Q3 24
79.1%
Q2 24
79.0%
Operating Margin
CQP
CQP
NOW
NOW
Q1 26
13.3%
Q4 25
50.5%
12.4%
Q3 25
29.0%
16.8%
Q2 25
29.1%
11.1%
Q1 25
27.6%
14.6%
Q4 24
33.0%
12.6%
Q3 24
40.2%
14.9%
Q2 24
40.4%
9.1%
Net Margin
CQP
CQP
NOW
NOW
Q1 26
12.4%
Q4 25
44.2%
11.2%
Q3 25
21.0%
14.7%
Q2 25
22.5%
12.0%
Q1 25
21.4%
14.9%
Q4 24
25.3%
13.0%
Q3 24
30.9%
15.4%
Q2 24
30.1%
10.0%
EPS (diluted)
CQP
CQP
NOW
NOW
Q1 26
$1.04
Q4 25
$-4.77
Q3 25
$2.40
Q2 25
$1.84
Q1 25
$2.20
Q4 24
$1.84
Q3 24
$2.07
Q2 24
$1.26

Balance Sheet & Financial Strength

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

Metric
CQP
CQP
NOW
NOW
Cash + ST InvestmentsLiquidity on hand
$182.0M
$2.7B
Total DebtLower is stronger
$14.2B
Stockholders' EquityBook value
$11.7B
Total Assets
$17.4B
$24.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CQP
CQP
NOW
NOW
Q1 26
$2.7B
Q4 25
$182.0M
$3.7B
Q3 25
$121.0M
$2.7B
Q2 25
$108.0M
$3.1B
Q1 25
$94.0M
$3.4B
Q4 24
$270.0M
$2.3B
Q3 24
$331.0M
$1.9B
Q2 24
$351.0M
$2.2B
Total Debt
CQP
CQP
NOW
NOW
Q1 26
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
Stockholders' Equity
CQP
CQP
NOW
NOW
Q1 26
$11.7B
Q4 25
$13.0B
Q3 25
$11.3B
Q2 25
$10.9B
Q1 25
$10.1B
Q4 24
$9.6B
Q3 24
$9.3B
Q2 24
$8.7B
Total Assets
CQP
CQP
NOW
NOW
Q1 26
$24.4B
Q4 25
$17.4B
$26.0B
Q3 25
$16.8B
$21.8B
Q2 25
$16.9B
$22.1B
Q1 25
$17.1B
$21.0B
Q4 24
$17.5B
$20.4B
Q3 24
$17.4B
$18.4B
Q2 24
$17.5B
$18.2B

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
NOW
NOW
Operating Cash FlowLast quarter
$887.0M
$1.7B
Free Cash FlowOCF − Capex
$864.0M
$1.7B
FCF MarginFCF / Revenue
29.7%
44.2%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.69×
3.56×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$4.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CQP
CQP
NOW
NOW
Q1 26
$1.7B
Q4 25
$887.0M
$2.2B
Q3 25
$658.0M
$813.0M
Q2 25
$558.0M
$716.0M
Q1 25
$665.0M
$1.7B
Q4 24
$876.0M
$1.6B
Q3 24
$691.0M
$671.0M
Q2 24
$732.0M
$620.0M
Free Cash Flow
CQP
CQP
NOW
NOW
Q1 26
$1.7B
Q4 25
$864.0M
$2.0B
Q3 25
$610.0M
$578.0M
Q2 25
$490.0M
$526.0M
Q1 25
$605.0M
$1.5B
Q4 24
$827.0M
$1.4B
Q3 24
$652.0M
$469.0M
Q2 24
$702.0M
$358.0M
FCF Margin
CQP
CQP
NOW
NOW
Q1 26
44.2%
Q4 25
29.7%
56.1%
Q3 25
25.4%
17.0%
Q2 25
20.0%
16.4%
Q1 25
20.2%
47.7%
Q4 24
33.6%
46.7%
Q3 24
31.7%
16.8%
Q2 24
37.1%
13.6%
Capex Intensity
CQP
CQP
NOW
NOW
Q1 26
Q4 25
0.8%
6.7%
Q3 25
2.0%
6.9%
Q2 25
2.8%
5.9%
Q1 25
2.0%
6.6%
Q4 24
2.0%
8.6%
Q3 24
1.9%
7.2%
Q2 24
1.6%
10.0%
Cash Conversion
CQP
CQP
NOW
NOW
Q1 26
3.56×
Q4 25
0.69×
5.58×
Q3 25
1.30×
1.62×
Q2 25
1.01×
1.86×
Q1 25
1.04×
3.65×
Q4 24
1.41×
4.26×
Q3 24
1.09×
1.55×
Q2 24
1.28×
2.37×

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%

NOW
NOW

Subscription revenues$3.7B97%
Other$99.0M3%

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