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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and RXO, Inc. (RXO). 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 $1.5B, roughly 2.0× RXO, Inc.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs -3.1%, a 47.4% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs -11.9%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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 ...
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
CQP vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.5B |
| Net Profit | $1.3B | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 50.5% | -2.9% |
| Net Margin | 44.2% | -3.1% |
| Revenue YoY | 18.3% | -11.9% |
| Net Profit YoY | 106.6% | -84.0% |
| EPS (diluted) | — | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
| Q4 25 | $1.3B | $-46.0M | ||
| Q3 25 | $506.0M | $-14.0M | ||
| Q2 25 | $553.0M | $-9.0M | ||
| Q1 25 | $641.0M | $-31.0M | ||
| Q4 24 | $623.0M | $-25.0M | ||
| Q3 24 | $635.0M | $-243.0M | ||
| Q2 24 | $570.0M | $-7.0M | ||
| Q1 24 | $682.0M | $-15.0M |
| Q4 25 | 50.5% | -2.9% | ||
| Q3 25 | 29.0% | -0.5% | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 27.6% | -2.1% | ||
| Q4 24 | 33.0% | -1.4% | ||
| Q3 24 | 40.2% | -1.9% | ||
| Q2 24 | 40.4% | — | ||
| Q1 24 | 38.1% | -1.3% |
| Q4 25 | 44.2% | -3.1% | ||
| Q3 25 | 21.0% | -1.0% | ||
| Q2 25 | 22.5% | -0.6% | ||
| Q1 25 | 21.4% | -2.2% | ||
| Q4 24 | 25.3% | -1.5% | ||
| Q3 24 | 30.9% | -23.4% | ||
| Q2 24 | 30.1% | -0.8% | ||
| Q1 24 | 29.7% | -1.6% |
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $14.2B | $387.0M |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $17.4B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.0M | $17.0M | ||
| Q3 25 | $121.0M | $25.0M | ||
| Q2 25 | $108.0M | $18.0M | ||
| Q1 25 | $94.0M | $16.0M | ||
| Q4 24 | $270.0M | $35.0M | ||
| Q3 24 | $331.0M | $55.0M | ||
| Q2 24 | $351.0M | $7.0M | ||
| Q1 24 | $333.0M | $7.0M |
| Q4 25 | $14.2B | $387.0M | ||
| Q3 25 | $14.2B | $387.0M | ||
| Q2 25 | $14.2B | $387.0M | ||
| Q1 25 | $14.7B | $387.0M | ||
| Q4 24 | $14.8B | $351.0M | ||
| Q3 24 | $14.8B | $352.0M | ||
| Q2 24 | $14.8B | $370.0M | ||
| Q1 24 | $13.6B | $351.0M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | — | $582.0M |
| Q4 25 | $17.4B | $3.3B | ||
| Q3 25 | $16.8B | $3.2B | ||
| Q2 25 | $16.9B | $3.2B | ||
| Q1 25 | $17.1B | $3.3B | ||
| Q4 24 | $17.5B | $3.4B | ||
| Q3 24 | $17.4B | $3.4B | ||
| Q2 24 | $17.5B | $1.8B | ||
| Q1 24 | $17.5B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $864.0M | $-9.0M |
| FCF MarginFCF / Revenue | 29.7% | -0.6% |
| Capex IntensityCapex / Revenue | 0.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $887.0M | $7.0M | ||
| Q3 25 | $658.0M | $23.0M | ||
| Q2 25 | $558.0M | $23.0M | ||
| Q1 25 | $665.0M | $-2.0M | ||
| Q4 24 | $876.0M | $-7.0M | ||
| Q3 24 | $691.0M | $-7.0M | ||
| Q2 24 | $732.0M | $-5.0M | ||
| Q1 24 | $669.0M | $7.0M |
| Q4 25 | $864.0M | $-9.0M | ||
| Q3 25 | $610.0M | $9.0M | ||
| Q2 25 | $490.0M | $9.0M | ||
| Q1 25 | $605.0M | $-17.0M | ||
| Q4 24 | $827.0M | $-19.0M | ||
| Q3 24 | $652.0M | $-18.0M | ||
| Q2 24 | $702.0M | $-16.0M | ||
| Q1 24 | $633.0M | $-4.0M |
| Q4 25 | 29.7% | -0.6% | ||
| Q3 25 | 25.4% | 0.6% | ||
| Q2 25 | 20.0% | 0.6% | ||
| Q1 25 | 20.2% | -1.2% | ||
| Q4 24 | 33.6% | -1.1% | ||
| Q3 24 | 31.7% | -1.7% | ||
| Q2 24 | 37.1% | -1.7% | ||
| Q1 24 | 27.6% | -0.4% |
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 2.0% | 0.7% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 1.6% | 1.2% | ||
| Q1 24 | 1.6% | 1.2% |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
