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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and Steris (STE). 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 1.9× Steris). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 12.9%, a 31.3% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 9.2%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $199.5M). Over the past eight quarters, Steris's revenue compounded faster (15.8% 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 ...

Steris plc is an American-Irish-based medical equipment company specializing in sterilization and surgical products for the US healthcare system. Steris is operationally headquartered in Mentor, Ohio, and has been legally registered in Dublin, Ireland, for tax purposes since 2018. Previously the company was registered in the United Kingdom from 2014 to 2018.

CQP vs STE — Head-to-Head

Bigger by revenue
CQP
CQP
1.9× larger
CQP
$2.9B
$1.5B
STE
Growing faster (revenue YoY)
CQP
CQP
+9.1% gap
CQP
18.3%
9.2%
STE
Higher net margin
CQP
CQP
31.3% more per $
CQP
44.2%
12.9%
STE
More free cash flow
CQP
CQP
$664.5M more FCF
CQP
$864.0M
$199.5M
STE
Faster 2-yr revenue CAGR
STE
STE
Annualised
STE
15.8%
12.6%
CQP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CQP
CQP
STE
STE
Revenue
$2.9B
$1.5B
Net Profit
$1.3B
$192.9M
Gross Margin
43.8%
Operating Margin
50.5%
18.3%
Net Margin
44.2%
12.9%
Revenue YoY
18.3%
9.2%
Net Profit YoY
106.6%
11.2%
EPS (diluted)
$1.96

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
STE
STE
Q4 25
$2.9B
$1.5B
Q3 25
$2.4B
$1.5B
Q2 25
$2.5B
$1.4B
Q1 25
$3.0B
$1.5B
Q4 24
$2.5B
$1.4B
Q3 24
$2.1B
$1.3B
Q2 24
$1.9B
$1.3B
Q1 24
$2.3B
$1.1B
Net Profit
CQP
CQP
STE
STE
Q4 25
$1.3B
$192.9M
Q3 25
$506.0M
$191.9M
Q2 25
$553.0M
$177.4M
Q1 25
$641.0M
$145.7M
Q4 24
$623.0M
$173.5M
Q3 24
$635.0M
$150.0M
Q2 24
$570.0M
$145.4M
Q1 24
$682.0M
$-1.4M
Gross Margin
CQP
CQP
STE
STE
Q4 25
43.8%
Q3 25
44.2%
Q2 25
45.1%
Q1 25
43.3%
Q4 24
44.5%
Q3 24
43.6%
Q2 24
44.7%
Q1 24
40.2%
Operating Margin
CQP
CQP
STE
STE
Q4 25
50.5%
18.3%
Q3 25
29.0%
18.2%
Q2 25
29.1%
17.7%
Q1 25
27.6%
14.6%
Q4 24
33.0%
17.9%
Q3 24
40.2%
16.5%
Q2 24
40.4%
14.5%
Q1 24
38.1%
22.0%
Net Margin
CQP
CQP
STE
STE
Q4 25
44.2%
12.9%
Q3 25
21.0%
13.1%
Q2 25
22.5%
12.8%
Q1 25
21.4%
9.8%
Q4 24
25.3%
12.7%
Q3 24
30.9%
11.3%
Q2 24
30.1%
11.4%
Q1 24
29.7%
-0.1%
EPS (diluted)
CQP
CQP
STE
STE
Q4 25
$1.96
Q3 25
$1.94
Q2 25
$1.79
Q1 25
$1.48
Q4 24
$1.75
Q3 24
$1.51
Q2 24
$1.46
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
CQP
CQP
STE
STE
Cash + ST InvestmentsLiquidity on hand
$182.0M
$423.7M
Total DebtLower is stronger
$14.2B
$1.9B
Stockholders' EquityBook value
$7.2B
Total Assets
$17.4B
$10.6B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CQP
CQP
STE
STE
Q4 25
$182.0M
$423.7M
Q3 25
$121.0M
$319.2M
Q2 25
$108.0M
$279.7M
Q1 25
$94.0M
$171.7M
Q4 24
$270.0M
$155.2M
Q3 24
$331.0M
$172.2M
Q2 24
$351.0M
$198.3M
Q1 24
$333.0M
$207.0M
Total Debt
CQP
CQP
STE
STE
Q4 25
$14.2B
$1.9B
Q3 25
$14.2B
$1.9B
Q2 25
$14.2B
$1.9B
Q1 25
$14.7B
$1.9B
Q4 24
$14.8B
$2.0B
Q3 24
$14.8B
$2.2B
Q2 24
$14.8B
$2.2B
Q1 24
$13.6B
$3.1B
Stockholders' Equity
CQP
CQP
STE
STE
Q4 25
$7.2B
Q3 25
$7.0B
Q2 25
$7.0B
Q1 25
$6.6B
Q4 24
$6.4B
Q3 24
$6.6B
Q2 24
$6.4B
Q1 24
$6.3B
Total Assets
CQP
CQP
STE
STE
Q4 25
$17.4B
$10.6B
Q3 25
$16.8B
$10.4B
Q2 25
$16.9B
$10.4B
Q1 25
$17.1B
$10.1B
Q4 24
$17.5B
$10.0B
Q3 24
$17.4B
$10.2B
Q2 24
$17.5B
$10.1B
Q1 24
$17.5B
$11.1B
Debt / Equity
CQP
CQP
STE
STE
Q4 25
0.27×
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.33×
Q2 24
0.35×
Q1 24
0.50×

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
STE
STE
Operating Cash FlowLast quarter
$887.0M
$298.2M
Free Cash FlowOCF − Capex
$864.0M
$199.5M
FCF MarginFCF / Revenue
29.7%
13.3%
Capex IntensityCapex / Revenue
0.8%
6.6%
Cash ConversionOCF / Net Profit
0.69×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$917.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CQP
CQP
STE
STE
Q4 25
$887.0M
$298.2M
Q3 25
$658.0M
$287.8M
Q2 25
$558.0M
$420.0M
Q1 25
$665.0M
$260.8M
Q4 24
$876.0M
$332.8M
Q3 24
$691.0M
$250.7M
Q2 24
$732.0M
$303.7M
Q1 24
$669.0M
$254.8M
Free Cash Flow
CQP
CQP
STE
STE
Q4 25
$864.0M
$199.5M
Q3 25
$610.0M
$201.3M
Q2 25
$490.0M
$326.4M
Q1 25
$605.0M
$189.9M
Q4 24
$827.0M
$243.6M
Q3 24
$652.0M
$148.8M
Q2 24
$702.0M
$195.7M
Q1 24
$633.0M
$163.3M
FCF Margin
CQP
CQP
STE
STE
Q4 25
29.7%
13.3%
Q3 25
25.4%
13.8%
Q2 25
20.0%
23.5%
Q1 25
20.2%
12.8%
Q4 24
33.6%
17.8%
Q3 24
31.7%
11.2%
Q2 24
37.1%
15.3%
Q1 24
27.6%
14.6%
Capex Intensity
CQP
CQP
STE
STE
Q4 25
0.8%
6.6%
Q3 25
2.0%
5.9%
Q2 25
2.8%
6.7%
Q1 25
2.0%
4.8%
Q4 24
2.0%
6.5%
Q3 24
1.9%
7.7%
Q2 24
1.6%
8.4%
Q1 24
1.6%
8.2%
Cash Conversion
CQP
CQP
STE
STE
Q4 25
0.69×
1.55×
Q3 25
1.30×
1.50×
Q2 25
1.01×
2.37×
Q1 25
1.04×
1.79×
Q4 24
1.41×
1.92×
Q3 24
1.09×
1.67×
Q2 24
1.28×
2.09×
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%

STE
STE

Servicerevenues$404.7M27%
Consumablerevenues$387.1M26%
Applied Sterilization Technologies$286.6M19%
Capitalequipmentrevenues$272.1M18%
Life Science$145.8M10%

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