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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.3B vs $2.9B, roughly 1.5× Cheniere Energy Partners, L.P.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 17.7%, a 26.5% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 13.3%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $116.0M). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs 6.9%).
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 ...
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
CQP vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.3B |
| Net Profit | $1.3B | $753.0M |
| Gross Margin | — | 47.4% |
| Operating Margin | 50.5% | 21.9% |
| Net Margin | 44.2% | 17.7% |
| Revenue YoY | 18.3% | 13.3% |
| Net Profit YoY | 106.6% | 36.4% |
| EPS (diluted) | — | $2.76 |
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.
| Q4 25 | $2.9B | $4.3B | ||
| Q3 25 | $2.4B | $5.1B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $1.9B | $4.1B | ||
| Q1 24 | $2.3B | $3.7B |
| Q4 25 | $1.3B | $753.0M | ||
| Q3 25 | $506.0M | $1.6B | ||
| Q2 25 | $553.0M | $1.2B | ||
| Q1 25 | $641.0M | $730.0M | ||
| Q4 24 | $623.0M | $552.0M | ||
| Q3 24 | $635.0M | $1.1B | ||
| Q2 24 | $570.0M | $854.0M | ||
| Q1 24 | $682.0M | $360.0M |
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% | ||
| Q1 24 | — | 44.8% |
| Q4 25 | 50.5% | 21.9% | ||
| Q3 25 | 29.0% | 33.1% | ||
| Q2 25 | 29.1% | 29.3% | ||
| Q1 25 | 27.6% | 23.6% | ||
| Q4 24 | 33.0% | 16.6% | ||
| Q3 24 | 40.2% | 33.4% | ||
| Q2 24 | 40.4% | 26.7% | ||
| Q1 24 | 38.1% | 20.1% |
| Q4 25 | 44.2% | 17.7% | ||
| Q3 25 | 21.0% | 30.6% | ||
| Q2 25 | 22.5% | 26.7% | ||
| Q1 25 | 21.4% | 18.3% | ||
| Q4 24 | 25.3% | 14.7% | ||
| Q3 24 | 30.9% | 22.7% | ||
| Q2 24 | 30.1% | 20.8% | ||
| Q1 24 | 29.7% | 9.7% |
| Q4 25 | — | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | — | $4.21 | ||
| Q2 24 | — | $3.11 | ||
| Q1 24 | — | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $182.0M | $825.0M |
| Total DebtLower is stronger | $14.2B | $18.2B |
| Stockholders' EquityBook value | — | $10.0B |
| Total Assets | $17.4B | $41.6B |
| Debt / EquityLower = less leverage | — | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.0M | $825.0M | ||
| Q3 25 | $121.0M | $432.0M | ||
| Q2 25 | $108.0M | $735.0M | ||
| Q1 25 | $94.0M | $386.0M | ||
| Q4 24 | $270.0M | $388.0M | ||
| Q3 24 | $331.0M | $418.0M | ||
| Q2 24 | $351.0M | $391.0M | ||
| Q1 24 | $333.0M | $437.0M |
| Q4 25 | $14.2B | $18.2B | ||
| Q3 25 | $14.2B | $17.2B | ||
| Q2 25 | $14.2B | $17.6B | ||
| Q1 25 | $14.7B | $18.0B | ||
| Q4 24 | $14.8B | $18.5B | ||
| Q3 24 | $14.8B | $19.0B | ||
| Q2 24 | $14.8B | $19.8B | ||
| Q1 24 | $13.6B | $18.9B |
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | — | $9.2B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $5.2B |
| Q4 25 | $17.4B | $41.6B | ||
| Q3 25 | $16.8B | $40.1B | ||
| Q2 25 | $16.9B | $38.5B | ||
| Q1 25 | $17.1B | $37.5B | ||
| Q4 24 | $17.5B | $37.1B | ||
| Q3 24 | $17.4B | $37.1B | ||
| Q2 24 | $17.5B | $37.0B | ||
| Q1 24 | $17.5B | $35.2B |
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | — | 3.66× |
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 | $887.0M | $1.6B |
| Free Cash FlowOCF − Capex | $864.0M | $116.0M |
| FCF MarginFCF / Revenue | 29.7% | 2.7% |
| Capex IntensityCapex / Revenue | 0.8% | 35.4% |
| Cash ConversionOCF / Net Profit | 0.69× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $887.0M | $1.6B | ||
| Q3 25 | $658.0M | $1.5B | ||
| Q2 25 | $558.0M | $1.7B | ||
| Q1 25 | $665.0M | $1.6B | ||
| Q4 24 | $876.0M | $1.5B | ||
| Q3 24 | $691.0M | $897.0M | ||
| Q2 24 | $732.0M | $1.6B | ||
| Q1 24 | $669.0M | $1.3B |
| Q4 25 | $864.0M | $116.0M | ||
| Q3 25 | $610.0M | $-989.0M | ||
| Q2 25 | $490.0M | $910.0M | ||
| Q1 25 | $605.0M | $1.2B | ||
| Q4 24 | $827.0M | $915.0M | ||
| Q3 24 | $652.0M | $563.0M | ||
| Q2 24 | $702.0M | $-567.0M | ||
| Q1 24 | $633.0M | $1.1B |
| Q4 25 | 29.7% | 2.7% | ||
| Q3 25 | 25.4% | -19.2% | ||
| Q2 25 | 20.0% | 20.1% | ||
| Q1 25 | 20.2% | 30.0% | ||
| Q4 24 | 33.6% | 24.3% | ||
| Q3 24 | 31.7% | 11.5% | ||
| Q2 24 | 37.1% | -13.8% | ||
| Q1 24 | 27.6% | 29.1% |
| Q4 25 | 0.8% | 35.4% | ||
| Q3 25 | 2.0% | 47.8% | ||
| Q2 25 | 2.8% | 18.4% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 2.0% | 14.7% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 1.6% | 52.1% | ||
| Q1 24 | 1.6% | 6.5% |
| Q4 25 | 0.69× | 2.16× | ||
| Q3 25 | 1.30× | 0.93× | ||
| Q2 25 | 1.01× | 1.44× | ||
| Q1 25 | 1.04× | 2.23× | ||
| Q4 24 | 1.41× | 2.66× | ||
| Q3 24 | 1.09× | 0.81× | ||
| Q2 24 | 1.28× | 1.84× | ||
| Q1 24 | 0.98× | 3.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
