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Side-by-side financial comparison of Cheniere Energy, Inc. (LNG) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Cheniere Energy, Inc. is the larger business by last-quarter revenue ($5.4B vs $4.3B, roughly 1.3× Royal Caribbean Group). Cheniere Energy, Inc. runs the higher net margin — 42.8% vs 17.7%, a 25.1% gap on every dollar of revenue. On growth, Cheniere Energy, Inc. posted the faster year-over-year revenue change (20.3% vs 13.3%). Cheniere Energy, Inc. produced more free cash flow last quarter ($1.3B vs $116.0M). 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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
LNG vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $4.3B |
| Net Profit | $2.3B | $753.0M |
| Gross Margin | — | 47.4% |
| Operating Margin | 70.8% | 21.9% |
| Net Margin | 42.8% | 17.7% |
| Revenue YoY | 20.3% | 13.3% |
| Net Profit YoY | 135.6% | 36.4% |
| EPS (diluted) | $10.51 | $2.76 |
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 | $4.3B | ||
| Q3 25 | $4.3B | $5.1B | ||
| Q2 25 | $4.5B | $4.5B | ||
| Q1 25 | $5.3B | $4.0B | ||
| Q4 24 | $4.5B | $3.8B | ||
| Q3 24 | $3.7B | $4.9B | ||
| Q2 24 | $3.1B | $4.1B | ||
| Q1 24 | $4.1B | $3.7B |
| Q4 25 | $2.3B | $753.0M | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $353.0M | $730.0M | ||
| Q4 24 | $977.0M | $552.0M | ||
| Q3 24 | $893.0M | $1.1B | ||
| Q2 24 | $880.0M | $854.0M | ||
| Q1 24 | $502.0M | $360.0M |
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% | ||
| Q1 24 | — | 44.8% |
| Q4 25 | 70.8% | 21.9% | ||
| Q3 25 | 42.3% | 33.1% | ||
| Q2 25 | 56.1% | 29.3% | ||
| Q1 25 | 18.2% | 23.6% | ||
| Q4 24 | 38.9% | 16.6% | ||
| Q3 24 | 44.7% | 33.4% | ||
| Q2 24 | 50.5% | 26.7% | ||
| Q1 24 | 28.0% | 20.1% |
| Q4 25 | 42.8% | 17.7% | ||
| Q3 25 | 24.4% | 30.6% | ||
| Q2 25 | 36.1% | 26.7% | ||
| Q1 25 | 6.7% | 18.3% | ||
| Q4 24 | 21.9% | 14.7% | ||
| Q3 24 | 24.2% | 22.7% | ||
| Q2 24 | 28.0% | 20.8% | ||
| Q1 24 | 12.2% | 9.7% |
| Q4 25 | $10.51 | $2.76 | ||
| Q3 25 | $4.75 | $5.74 | ||
| Q2 25 | $7.30 | $4.41 | ||
| Q1 25 | $1.57 | $2.70 | ||
| Q4 24 | $4.30 | $2.27 | ||
| Q3 24 | $3.93 | $4.21 | ||
| Q2 24 | $3.84 | $3.11 | ||
| Q1 24 | $2.13 | $1.35 |
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 | $825.0M |
| Total DebtLower is stronger | $22.5B | $18.2B |
| Stockholders' EquityBook value | $7.9B | $10.0B |
| Total Assets | $47.9B | $41.6B |
| Debt / EquityLower = less leverage | 2.84× | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $825.0M | ||
| Q3 25 | $1.1B | $432.0M | ||
| Q2 25 | $1.6B | $735.0M | ||
| Q1 25 | $2.5B | $386.0M | ||
| Q4 24 | $2.6B | $388.0M | ||
| Q3 24 | $2.7B | $418.0M | ||
| Q2 24 | $2.4B | $391.0M | ||
| Q1 24 | $4.4B | $437.0M |
| Q4 25 | $22.5B | $18.2B | ||
| Q3 25 | $22.0B | $17.2B | ||
| Q2 25 | $22.0B | $17.6B | ||
| Q1 25 | $22.5B | $18.0B | ||
| Q4 24 | $22.6B | $18.5B | ||
| Q3 24 | $22.5B | $19.0B | ||
| Q2 24 | $22.6B | $19.8B | ||
| Q1 24 | $21.4B | $18.9B |
| Q4 25 | $7.9B | $10.0B | ||
| Q3 25 | $6.7B | $10.1B | ||
| Q2 25 | $6.7B | $9.2B | ||
| Q1 25 | $5.6B | $8.0B | ||
| Q4 24 | $5.7B | $7.6B | ||
| Q3 24 | $5.1B | $7.0B | ||
| Q2 24 | $4.5B | $6.0B | ||
| Q1 24 | $4.3B | $5.2B |
| Q4 25 | $47.9B | $41.6B | ||
| Q3 25 | $45.1B | $40.1B | ||
| Q2 25 | $44.6B | $38.5B | ||
| Q1 25 | $43.5B | $37.5B | ||
| Q4 24 | $43.9B | $37.1B | ||
| Q3 24 | $43.1B | $37.1B | ||
| Q2 24 | $42.3B | $37.0B | ||
| Q1 24 | $42.9B | $35.2B |
| Q4 25 | 2.84× | 1.81× | ||
| Q3 25 | 3.25× | 1.70× | ||
| Q2 25 | 3.28× | 1.92× | ||
| Q1 25 | 4.03× | 2.26× | ||
| Q4 24 | 3.96× | 2.44× | ||
| Q3 24 | 4.42× | 2.69× | ||
| Q2 24 | 5.06× | 3.29× | ||
| Q1 24 | 5.04× | 3.66× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | $1.3B | $116.0M |
| FCF MarginFCF / Revenue | 24.4% | 2.7% |
| Capex IntensityCapex / Revenue | 13.8% | 35.4% |
| Cash ConversionOCF / Net Profit | 0.89× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $831.0M | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.4B | $897.0M | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $1.3B | $116.0M | ||
| Q3 25 | $738.0M | $-989.0M | ||
| Q2 25 | $-193.0M | $910.0M | ||
| Q1 25 | $605.0M | $1.2B | ||
| Q4 24 | $1.1B | $915.0M | ||
| Q3 24 | $875.0M | $563.0M | ||
| Q2 24 | $613.0M | $-567.0M | ||
| Q1 24 | $596.0M | $1.1B |
| Q4 25 | 24.4% | 2.7% | ||
| Q3 25 | 17.2% | -19.2% | ||
| Q2 25 | -4.3% | 20.1% | ||
| Q1 25 | 11.4% | 30.0% | ||
| Q4 24 | 24.0% | 24.3% | ||
| Q3 24 | 23.8% | 11.5% | ||
| Q2 24 | 19.5% | -13.8% | ||
| Q1 24 | 14.5% | 29.1% |
| Q4 25 | 13.8% | 35.4% | ||
| Q3 25 | 16.0% | 47.8% | ||
| Q2 25 | 22.7% | 18.4% | ||
| Q1 25 | 11.8% | 10.7% | ||
| Q4 24 | 12.7% | 14.7% | ||
| Q3 24 | 14.0% | 6.8% | ||
| Q2 24 | 16.0% | 52.1% | ||
| Q1 24 | 15.8% | 6.5% |
| Q4 25 | 0.89× | 2.16× | ||
| Q3 25 | 1.36× | 0.93× | ||
| Q2 25 | 0.51× | 1.44× | ||
| Q1 25 | 3.48× | 2.23× | ||
| Q4 24 | 1.68× | 2.66× | ||
| Q3 24 | 1.56× | 0.81× | ||
| Q2 24 | 1.27× | 1.84× | ||
| Q1 24 | 2.48× | 3.69× |
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% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
