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Side-by-side financial comparison of Cheniere Energy, Inc. (LNG) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Cheniere Energy, Inc. is the larger business by last-quarter revenue ($5.4B vs $637.9M, roughly 8.4× NATIONAL FUEL GAS CO). Cheniere Energy, Inc. runs the higher net margin — 42.8% vs 28.5%, a 14.4% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 20.3%). Cheniere Energy, Inc. produced more free cash flow last quarter ($1.3B vs $-2.7M). Over the past eight quarters, Cheniere Energy, Inc.'s revenue compounded faster (14.3% CAGR vs 6.9%).
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
LNG vs NFG — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $637.9M |
| Net Profit | $2.3B | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | 70.8% | 43.3% |
| Net Margin | 42.8% | 28.5% |
| Revenue YoY | 20.3% | 24.1% |
| Net Profit YoY | 135.6% | 303.8% |
| EPS (diluted) | $10.51 | $1.98 |
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 | $5.4B | $637.9M | ||
| Q3 25 | $4.3B | $443.1M | ||
| Q2 25 | $4.5B | $527.4M | ||
| Q1 25 | $5.3B | $734.8M | ||
| Q4 24 | $4.5B | $513.8M | ||
| Q3 24 | $3.7B | $310.0M | ||
| Q2 24 | $3.1B | $338.6M | ||
| Q1 24 | $4.1B | $558.7M |
| Q4 25 | $2.3B | $181.6M | ||
| Q3 25 | $1.0B | $107.3M | ||
| Q2 25 | $1.6B | $149.8M | ||
| Q1 25 | $353.0M | $216.4M | ||
| Q4 24 | $977.0M | $45.0M | ||
| Q3 24 | $893.0M | $-167.6M | ||
| Q2 24 | $880.0M | $-54.2M | ||
| Q1 24 | $502.0M | $166.3M |
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% | ||
| Q1 24 | — | 81.0% |
| Q4 25 | 70.8% | 43.3% | ||
| Q3 25 | 42.3% | 40.6% | ||
| Q2 25 | 56.1% | 43.7% | ||
| Q1 25 | 18.2% | 43.2% | ||
| Q4 24 | 38.9% | 16.8% | ||
| Q3 24 | 44.7% | -63.4% | ||
| Q2 24 | 50.5% | -15.2% | ||
| Q1 24 | 28.0% | 44.9% |
| Q4 25 | 42.8% | 28.5% | ||
| Q3 25 | 24.4% | 24.2% | ||
| Q2 25 | 36.1% | 28.4% | ||
| Q1 25 | 6.7% | 29.4% | ||
| Q4 24 | 21.9% | 8.8% | ||
| Q3 24 | 24.2% | -54.1% | ||
| Q2 24 | 28.0% | -16.0% | ||
| Q1 24 | 12.2% | 29.8% |
| Q4 25 | $10.51 | $1.98 | ||
| Q3 25 | $4.75 | $1.18 | ||
| Q2 25 | $7.30 | $1.64 | ||
| Q1 25 | $1.57 | $2.37 | ||
| Q4 24 | $4.30 | $0.49 | ||
| Q3 24 | $3.93 | $-1.81 | ||
| Q2 24 | $3.84 | $-0.59 | ||
| Q1 24 | $2.13 | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $271.4M |
| Total DebtLower is stronger | $22.5B | $2.7B |
| Stockholders' EquityBook value | $7.9B | $3.6B |
| Total Assets | $47.9B | $9.2B |
| Debt / EquityLower = less leverage | 2.84× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $271.4M | ||
| Q3 25 | $1.1B | $43.2M | ||
| Q2 25 | $1.6B | $39.3M | ||
| Q1 25 | $2.5B | $40.0M | ||
| Q4 24 | $2.6B | $48.7M | ||
| Q3 24 | $2.7B | $38.2M | ||
| Q2 24 | $2.4B | $81.4M | ||
| Q1 24 | $4.4B | $50.8M |
| Q4 25 | $22.5B | $2.7B | ||
| Q3 25 | $22.0B | $2.7B | ||
| Q2 25 | $22.0B | $2.7B | ||
| Q1 25 | $22.5B | $2.7B | ||
| Q4 24 | $22.6B | $2.7B | ||
| Q3 24 | $22.5B | $2.7B | ||
| Q2 24 | $22.6B | $2.7B | ||
| Q1 24 | $21.4B | $2.4B |
| Q4 25 | $7.9B | $3.6B | ||
| Q3 25 | $6.7B | $3.1B | ||
| Q2 25 | $6.7B | $3.0B | ||
| Q1 25 | $5.6B | $2.8B | ||
| Q4 24 | $5.7B | $-76.2M | ||
| Q3 24 | $5.1B | $-15.5M | ||
| Q2 24 | $4.5B | $5.0M | ||
| Q1 24 | $4.3B | $75.3M |
| Q4 25 | $47.9B | $9.2B | ||
| Q3 25 | $45.1B | $8.7B | ||
| Q2 25 | $44.6B | $8.4B | ||
| Q1 25 | $43.5B | $8.5B | ||
| Q4 24 | $43.9B | $8.3B | ||
| Q3 24 | $43.1B | $8.3B | ||
| Q2 24 | $42.3B | $8.5B | ||
| Q1 24 | $42.9B | $8.7B |
| Q4 25 | 2.84× | 0.75× | ||
| Q3 25 | 3.25× | 0.87× | ||
| Q2 25 | 3.28× | 0.90× | ||
| Q1 25 | 4.03× | 0.99× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | 532.10× | ||
| Q1 24 | 5.04× | 31.68× |
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 | $2.1B | $274.9M |
| Free Cash FlowOCF − Capex | $1.3B | $-2.7M |
| FCF MarginFCF / Revenue | 24.4% | -0.4% |
| Capex IntensityCapex / Revenue | 13.8% | 43.5% |
| Cash ConversionOCF / Net Profit | 0.89× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1B | $274.9M | ||
| Q3 25 | $1.4B | $237.8M | ||
| Q2 25 | $831.0M | $388.4M | ||
| Q1 25 | $1.2B | $253.8M | ||
| Q4 24 | $1.6B | $220.1M | ||
| Q3 24 | $1.4B | $197.9M | ||
| Q2 24 | $1.1B | $281.8M | ||
| Q1 24 | $1.2B | $315.3M |
| Q4 25 | $1.3B | $-2.7M | ||
| Q3 25 | $738.0M | $-47.8M | ||
| Q2 25 | $-193.0M | $195.3M | ||
| Q1 25 | $605.0M | $59.9M | ||
| Q4 24 | $1.1B | $-20.3M | ||
| Q3 24 | $875.0M | $-49.1M | ||
| Q2 24 | $613.0M | $79.5M | ||
| Q1 24 | $596.0M | $80.3M |
| Q4 25 | 24.4% | -0.4% | ||
| Q3 25 | 17.2% | -10.8% | ||
| Q2 25 | -4.3% | 37.0% | ||
| Q1 25 | 11.4% | 8.2% | ||
| Q4 24 | 24.0% | -4.0% | ||
| Q3 24 | 23.8% | -15.8% | ||
| Q2 24 | 19.5% | 23.5% | ||
| Q1 24 | 14.5% | 14.4% |
| Q4 25 | 13.8% | 43.5% | ||
| Q3 25 | 16.0% | 64.4% | ||
| Q2 25 | 22.7% | 36.6% | ||
| Q1 25 | 11.8% | 26.4% | ||
| Q4 24 | 12.7% | 46.8% | ||
| Q3 24 | 14.0% | 79.7% | ||
| Q2 24 | 16.0% | 59.7% | ||
| Q1 24 | 15.8% | 42.1% |
| Q4 25 | 0.89× | 1.51× | ||
| Q3 25 | 1.36× | 2.21× | ||
| Q2 25 | 0.51× | 2.59× | ||
| Q1 25 | 3.48× | 1.17× | ||
| Q4 24 | 1.68× | 4.89× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 2.48× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
