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Side-by-side financial comparison of Cheniere Energy, Inc. (LNG) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

Cheniere Energy, Inc. is the larger business by last-quarter revenue ($5.4B vs $2.8B, roughly 1.9× PAN AMERICAN SILVER CORP).

Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

LNG vs PAAS — Head-to-Head

Bigger by revenue
LNG
LNG
1.9× larger
LNG
$5.4B
$2.8B
PAAS

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
LNG
LNG
PAAS
PAAS
Revenue
$5.4B
$2.8B
Net Profit
$2.3B
Gross Margin
27.0%
Operating Margin
70.8%
Net Margin
42.8%
Revenue YoY
20.3%
Net Profit YoY
135.6%
EPS (diluted)
$10.51
$-1.05

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
LNG
LNG
PAAS
PAAS
Q4 25
$5.4B
Q3 25
$4.3B
Q2 25
$4.5B
Q1 25
$5.3B
Q4 24
$4.5B
Q3 24
$3.7B
Q2 24
$3.1B
Q1 24
$4.1B
Net Profit
LNG
LNG
PAAS
PAAS
Q4 25
$2.3B
Q3 25
$1.0B
Q2 25
$1.6B
Q1 25
$353.0M
Q4 24
$977.0M
Q3 24
$893.0M
Q2 24
$880.0M
Q1 24
$502.0M
Operating Margin
LNG
LNG
PAAS
PAAS
Q4 25
70.8%
Q3 25
42.3%
Q2 25
56.1%
Q1 25
18.2%
Q4 24
38.9%
Q3 24
44.7%
Q2 24
50.5%
Q1 24
28.0%
Net Margin
LNG
LNG
PAAS
PAAS
Q4 25
42.8%
Q3 25
24.4%
Q2 25
36.1%
Q1 25
6.7%
Q4 24
21.9%
Q3 24
24.2%
Q2 24
28.0%
Q1 24
12.2%
EPS (diluted)
LNG
LNG
PAAS
PAAS
Q4 25
$10.51
Q3 25
$4.75
Q2 25
$7.30
Q1 25
$1.57
Q4 24
$4.30
Q3 24
$3.93
Q2 24
$3.84
Q1 24
$2.13

Balance Sheet & Financial Strength

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

Metric
LNG
LNG
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$22.5B
Stockholders' EquityBook value
$7.9B
Total Assets
$47.9B
Debt / EquityLower = less leverage
2.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNG
LNG
PAAS
PAAS
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.6B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.4B
Q1 24
$4.4B
Total Debt
LNG
LNG
PAAS
PAAS
Q4 25
$22.5B
Q3 25
$22.0B
Q2 25
$22.0B
Q1 25
$22.5B
Q4 24
$22.6B
Q3 24
$22.5B
Q2 24
$22.6B
Q1 24
$21.4B
Stockholders' Equity
LNG
LNG
PAAS
PAAS
Q4 25
$7.9B
Q3 25
$6.7B
Q2 25
$6.7B
Q1 25
$5.6B
Q4 24
$5.7B
Q3 24
$5.1B
Q2 24
$4.5B
Q1 24
$4.3B
Total Assets
LNG
LNG
PAAS
PAAS
Q4 25
$47.9B
Q3 25
$45.1B
Q2 25
$44.6B
Q1 25
$43.5B
Q4 24
$43.9B
Q3 24
$43.1B
Q2 24
$42.3B
Q1 24
$42.9B
Debt / Equity
LNG
LNG
PAAS
PAAS
Q4 25
2.84×
Q3 25
3.25×
Q2 25
3.28×
Q1 25
4.03×
Q4 24
3.96×
Q3 24
4.42×
Q2 24
5.06×
Q1 24
5.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LNG
LNG
PAAS
PAAS
Operating Cash FlowLast quarter
$2.1B
Free Cash FlowOCF − Capex
$1.3B
FCF MarginFCF / Revenue
24.4%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
0.89×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNG
LNG
PAAS
PAAS
Q4 25
$2.1B
Q3 25
$1.4B
Q2 25
$831.0M
Q1 25
$1.2B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.1B
Q1 24
$1.2B
Free Cash Flow
LNG
LNG
PAAS
PAAS
Q4 25
$1.3B
Q3 25
$738.0M
Q2 25
$-193.0M
Q1 25
$605.0M
Q4 24
$1.1B
Q3 24
$875.0M
Q2 24
$613.0M
Q1 24
$596.0M
FCF Margin
LNG
LNG
PAAS
PAAS
Q4 25
24.4%
Q3 25
17.2%
Q2 25
-4.3%
Q1 25
11.4%
Q4 24
24.0%
Q3 24
23.8%
Q2 24
19.5%
Q1 24
14.5%
Capex Intensity
LNG
LNG
PAAS
PAAS
Q4 25
13.8%
Q3 25
16.0%
Q2 25
22.7%
Q1 25
11.8%
Q4 24
12.7%
Q3 24
14.0%
Q2 24
16.0%
Q1 24
15.8%
Cash Conversion
LNG
LNG
PAAS
PAAS
Q4 25
0.89×
Q3 25
1.36×
Q2 25
0.51×
Q1 25
3.48×
Q4 24
1.68×
Q3 24
1.56×
Q2 24
1.27×
Q1 24
2.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LNG
LNG

Liquefied Natural Gas$5.3B99%
Other$103.0M2%
Regasification Service$34.0M1%

PAAS
PAAS

Segment breakdown not available.

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