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

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.9B, roughly 1.1× Cheniere Energy Partners, L.P.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 6.7%, a 37.5% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs 6.1%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $864.0M). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs -9.8%).

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 ...

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CQP vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.1× larger
TAP
$3.1B
$2.9B
CQP
Growing faster (revenue YoY)
CQP
CQP
+12.2% gap
CQP
18.3%
6.1%
TAP
Higher net margin
CQP
CQP
37.5% more per $
CQP
44.2%
6.7%
TAP
More free cash flow
TAP
TAP
$277.4M more FCF
TAP
$1.1B
$864.0M
CQP
Faster 2-yr revenue CAGR
CQP
CQP
Annualised
CQP
12.6%
-9.8%
TAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CQP
CQP
TAP
TAP
Revenue
$2.9B
$3.1B
Net Profit
$1.3B
$209.3M
Gross Margin
31.0%
Operating Margin
50.5%
Net Margin
44.2%
6.7%
Revenue YoY
18.3%
6.1%
Net Profit YoY
106.6%
-28.7%
EPS (diluted)
$1.22

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
TAP
TAP
Q1 26
$3.1B
Q4 25
$2.9B
$3.1B
Q3 25
$2.4B
$3.5B
Q2 25
$2.5B
$3.7B
Q1 25
$3.0B
$2.7B
Q4 24
$2.5B
$3.2B
Q3 24
$2.1B
$3.6B
Q2 24
$1.9B
$3.8B
Net Profit
CQP
CQP
TAP
TAP
Q1 26
$209.3M
Q4 25
$1.3B
$238.3M
Q3 25
$506.0M
$-2.9B
Q2 25
$553.0M
$428.7M
Q1 25
$641.0M
$121.0M
Q4 24
$623.0M
$287.8M
Q3 24
$635.0M
$199.8M
Q2 24
$570.0M
$427.0M
Gross Margin
CQP
CQP
TAP
TAP
Q1 26
31.0%
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
CQP
CQP
TAP
TAP
Q1 26
Q4 25
50.5%
10.4%
Q3 25
29.0%
-98.5%
Q2 25
29.1%
15.6%
Q1 25
27.6%
6.9%
Q4 24
33.0%
12.0%
Q3 24
40.2%
12.5%
Q2 24
40.4%
15.6%
Net Margin
CQP
CQP
TAP
TAP
Q1 26
6.7%
Q4 25
44.2%
7.6%
Q3 25
21.0%
-84.0%
Q2 25
22.5%
11.5%
Q1 25
21.4%
4.5%
Q4 24
25.3%
8.9%
Q3 24
30.9%
5.5%
Q2 24
30.1%
11.1%
EPS (diluted)
CQP
CQP
TAP
TAP
Q1 26
$1.22
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

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

Metric
CQP
CQP
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$182.0M
$896.5M
Total DebtLower is stronger
$14.2B
$3.9B
Stockholders' EquityBook value
$10.4B
Total Assets
$17.4B
$22.7B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CQP
CQP
TAP
TAP
Q1 26
$896.5M
Q4 25
$182.0M
$896.5M
Q3 25
$121.0M
$950.2M
Q2 25
$108.0M
$613.8M
Q1 25
$94.0M
$412.7M
Q4 24
$270.0M
$969.3M
Q3 24
$331.0M
$1.0B
Q2 24
$351.0M
$1.6B
Total Debt
CQP
CQP
TAP
TAP
Q1 26
$3.9B
Q4 25
$14.2B
$6.3B
Q3 25
$14.2B
$6.3B
Q2 25
$14.2B
$6.3B
Q1 25
$14.7B
$6.2B
Q4 24
$14.8B
$6.1B
Q3 24
$14.8B
$6.2B
Q2 24
$14.8B
$7.0B
Stockholders' Equity
CQP
CQP
TAP
TAP
Q1 26
$10.4B
Q4 25
$10.2B
Q3 25
$10.3B
Q2 25
$13.4B
Q1 25
$13.1B
Q4 24
$13.1B
Q3 24
$13.3B
Q2 24
$13.2B
Total Assets
CQP
CQP
TAP
TAP
Q1 26
$22.7B
Q4 25
$17.4B
$22.7B
Q3 25
$16.8B
$22.9B
Q2 25
$16.9B
$26.8B
Q1 25
$17.1B
$25.9B
Q4 24
$17.5B
$26.1B
Q3 24
$17.4B
$26.6B
Q2 24
$17.5B
$27.4B
Debt / Equity
CQP
CQP
TAP
TAP
Q1 26
0.37×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$887.0M
Free Cash FlowOCF − Capex
$864.0M
$1.1B
FCF MarginFCF / Revenue
29.7%
36.5%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.69×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CQP
CQP
TAP
TAP
Q1 26
Q4 25
$887.0M
$540.7M
Q3 25
$658.0M
$616.1M
Q2 25
$558.0M
$718.3M
Q1 25
$665.0M
$-90.7M
Q4 24
$876.0M
$494.5M
Q3 24
$691.0M
$521.2M
Q2 24
$732.0M
$869.2M
Free Cash Flow
CQP
CQP
TAP
TAP
Q1 26
$1.1B
Q4 25
$864.0M
$357.8M
Q3 25
$610.0M
$483.0M
Q2 25
$490.0M
$555.0M
Q1 25
$605.0M
$-328.0M
Q4 24
$827.0M
$383.4M
Q3 24
$652.0M
$350.4M
Q2 24
$702.0M
$691.7M
FCF Margin
CQP
CQP
TAP
TAP
Q1 26
36.5%
Q4 25
29.7%
11.4%
Q3 25
25.4%
13.9%
Q2 25
20.0%
14.8%
Q1 25
20.2%
-12.2%
Q4 24
33.6%
11.8%
Q3 24
31.7%
9.7%
Q2 24
37.1%
18.0%
Capex Intensity
CQP
CQP
TAP
TAP
Q1 26
Q4 25
0.8%
5.9%
Q3 25
2.0%
3.8%
Q2 25
2.8%
4.4%
Q1 25
2.0%
8.8%
Q4 24
2.0%
3.4%
Q3 24
1.9%
4.7%
Q2 24
1.6%
4.6%
Cash Conversion
CQP
CQP
TAP
TAP
Q1 26
Q4 25
0.69×
2.27×
Q3 25
1.30×
Q2 25
1.01×
1.68×
Q1 25
1.04×
-0.75×
Q4 24
1.41×
1.72×
Q3 24
1.09×
2.61×
Q2 24
1.28×
2.04×

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%

TAP
TAP

Segment breakdown not available.

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