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

Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($2.9B vs $2.4B, roughly 1.2× Ralph Lauren Corporation). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 15.0%, a 29.2% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 12.2%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $704.0M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% 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 ...

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

CQP vs RL — Head-to-Head

Bigger by revenue
CQP
CQP
1.2× larger
CQP
$2.9B
$2.4B
RL
Growing faster (revenue YoY)
CQP
CQP
+6.0% gap
CQP
18.3%
12.2%
RL
Higher net margin
CQP
CQP
29.2% more per $
CQP
44.2%
15.0%
RL
More free cash flow
CQP
CQP
$160.0M more FCF
CQP
$864.0M
$704.0M
RL
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
12.6%
CQP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CQP
CQP
RL
RL
Revenue
$2.9B
$2.4B
Net Profit
$1.3B
$361.6M
Gross Margin
69.9%
Operating Margin
50.5%
19.6%
Net Margin
44.2%
15.0%
Revenue YoY
18.3%
12.2%
Net Profit YoY
106.6%
21.6%
EPS (diluted)
$5.82

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
RL
RL
Q4 25
$2.9B
$2.4B
Q3 25
$2.4B
$2.0B
Q2 25
$2.5B
$1.7B
Q1 25
$3.0B
$1.7B
Q4 24
$2.5B
$2.1B
Q3 24
$2.1B
$1.7B
Q2 24
$1.9B
$1.5B
Q1 24
$2.3B
$1.6B
Net Profit
CQP
CQP
RL
RL
Q4 25
$1.3B
$361.6M
Q3 25
$506.0M
$207.5M
Q2 25
$553.0M
$220.4M
Q1 25
$641.0M
$129.0M
Q4 24
$623.0M
$297.4M
Q3 24
$635.0M
$147.9M
Q2 24
$570.0M
$168.6M
Q1 24
$682.0M
$90.7M
Gross Margin
CQP
CQP
RL
RL
Q4 25
69.9%
Q3 25
68.0%
Q2 25
72.3%
Q1 25
68.7%
Q4 24
68.4%
Q3 24
67.0%
Q2 24
70.5%
Q1 24
66.6%
Operating Margin
CQP
CQP
RL
RL
Q4 25
50.5%
19.6%
Q3 25
29.0%
12.2%
Q2 25
29.1%
15.9%
Q1 25
27.6%
9.1%
Q4 24
33.0%
18.2%
Q3 24
40.2%
10.4%
Q2 24
40.4%
13.8%
Q1 24
38.1%
6.9%
Net Margin
CQP
CQP
RL
RL
Q4 25
44.2%
15.0%
Q3 25
21.0%
10.3%
Q2 25
22.5%
12.8%
Q1 25
21.4%
7.6%
Q4 24
25.3%
13.9%
Q3 24
30.9%
8.6%
Q2 24
30.1%
11.1%
Q1 24
29.7%
5.8%
EPS (diluted)
CQP
CQP
RL
RL
Q4 25
$5.82
Q3 25
$3.32
Q2 25
$3.52
Q1 25
$2.03
Q4 24
$4.66
Q3 24
$2.31
Q2 24
$2.61
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
CQP
CQP
RL
RL
Cash + ST InvestmentsLiquidity on hand
$182.0M
$2.3B
Total DebtLower is stronger
$14.2B
Stockholders' EquityBook value
$2.9B
Total Assets
$17.4B
$7.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CQP
CQP
RL
RL
Q4 25
$182.0M
$2.3B
Q3 25
$121.0M
$1.6B
Q2 25
$108.0M
$2.3B
Q1 25
$94.0M
$2.1B
Q4 24
$270.0M
$2.1B
Q3 24
$331.0M
$1.7B
Q2 24
$351.0M
$1.8B
Q1 24
$333.0M
$1.8B
Total Debt
CQP
CQP
RL
RL
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
Q1 24
$13.6B
Stockholders' Equity
CQP
CQP
RL
RL
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.5B
Total Assets
CQP
CQP
RL
RL
Q4 25
$17.4B
$7.8B
Q3 25
$16.8B
$7.3B
Q2 25
$16.9B
$7.8B
Q1 25
$17.1B
$7.0B
Q4 24
$17.5B
$7.1B
Q3 24
$17.4B
$6.8B
Q2 24
$17.5B
$6.6B
Q1 24
$17.5B
$6.6B

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
RL
RL
Operating Cash FlowLast quarter
$887.0M
$779.6M
Free Cash FlowOCF − Capex
$864.0M
$704.0M
FCF MarginFCF / Revenue
29.7%
29.3%
Capex IntensityCapex / Revenue
0.8%
3.1%
Cash ConversionOCF / Net Profit
0.69×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$694.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CQP
CQP
RL
RL
Q4 25
$887.0M
$779.6M
Q3 25
$658.0M
$53.2M
Q2 25
$558.0M
$176.1M
Q1 25
$665.0M
$122.2M
Q4 24
$876.0M
$738.4M
Q3 24
$691.0M
$97.2M
Q2 24
$732.0M
$277.3M
Q1 24
$669.0M
Free Cash Flow
CQP
CQP
RL
RL
Q4 25
$864.0M
$704.0M
Q3 25
$610.0M
$-40.6M
Q2 25
$490.0M
$-11.2M
Q1 25
$605.0M
$42.3M
Q4 24
$827.0M
$677.2M
Q3 24
$652.0M
$55.5M
Q2 24
$702.0M
$243.9M
Q1 24
$633.0M
FCF Margin
CQP
CQP
RL
RL
Q4 25
29.7%
29.3%
Q3 25
25.4%
-2.0%
Q2 25
20.0%
-0.7%
Q1 25
20.2%
2.5%
Q4 24
33.6%
31.6%
Q3 24
31.7%
3.2%
Q2 24
37.1%
16.1%
Q1 24
27.6%
Capex Intensity
CQP
CQP
RL
RL
Q4 25
0.8%
3.1%
Q3 25
2.0%
4.7%
Q2 25
2.8%
10.9%
Q1 25
2.0%
4.7%
Q4 24
2.0%
2.9%
Q3 24
1.9%
2.4%
Q2 24
1.6%
2.2%
Q1 24
1.6%
Cash Conversion
CQP
CQP
RL
RL
Q4 25
0.69×
2.16×
Q3 25
1.30×
0.26×
Q2 25
1.01×
0.80×
Q1 25
1.04×
0.95×
Q4 24
1.41×
2.48×
Q3 24
1.09×
0.66×
Q2 24
1.28×
1.64×
Q1 24
0.98×

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%

RL
RL

Segment breakdown not available.

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