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Side-by-side financial comparison of TELUS CORP (TU) and Venture Global, Inc. (VG). Click either name above to swap in a different company.

Venture Global, Inc. is the larger business by last-quarter revenue ($4.4B vs $3.7B, roughly 1.2× TELUS CORP). Venture Global, Inc. runs the higher net margin — 26.8% vs -4.8%, a 31.6% gap on every dollar of revenue. On growth, Venture Global, Inc. posted the faster year-over-year revenue change (191.7% vs 2.2%).

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York. Its primary areas of business are financial information, analytics, and energy and commodities intelligence. It is the parent company of S&P Global Ratings, S&P Global Energy, S&P Global Market Intelligence, S&P Global Mobility, and the Indian credit rating agency CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".

TU vs VG — Head-to-Head

Bigger by revenue
VG
VG
1.2× larger
VG
$4.4B
$3.7B
TU
Growing faster (revenue YoY)
VG
VG
+189.5% gap
VG
191.7%
2.2%
TU
Higher net margin
VG
VG
31.6% more per $
VG
26.8%
-4.8%
TU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
TU
TU
VG
VG
Revenue
$3.7B
$4.4B
Net Profit
$-178.8M
$1.2B
Gross Margin
90.2%
Operating Margin
3.4%
38.7%
Net Margin
-4.8%
26.8%
Revenue YoY
2.2%
191.7%
Net Profit YoY
-210.9%
20.3%
EPS (diluted)
$0.41

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
TU
TU
VG
VG
Q4 25
$4.4B
Q3 25
$3.3B
Q2 25
$3.7B
$3.1B
Q1 25
$2.9B
Q4 24
$1.5B
Q3 24
$926.0M
Q2 24
$3.6B
$1.1B
Q1 24
$1.4B
Net Profit
TU
TU
VG
VG
Q4 25
$1.2B
Q3 25
$550.0M
Q2 25
$-178.8M
$475.0M
Q1 25
$517.0M
Q4 24
$990.0M
Q3 24
$-294.0M
Q2 24
$161.3M
$352.0M
Q1 24
$698.0M
Gross Margin
TU
TU
VG
VG
Q4 25
Q3 25
Q2 25
90.2%
Q1 25
Q4 24
Q3 24
Q2 24
87.9%
Q1 24
Operating Margin
TU
TU
VG
VG
Q4 25
38.7%
Q3 25
39.7%
Q2 25
3.4%
33.5%
Q1 25
37.3%
Q4 24
39.0%
Q3 24
20.4%
Q2 24
13.7%
32.8%
Q1 24
43.6%
Net Margin
TU
TU
VG
VG
Q4 25
26.8%
Q3 25
16.5%
Q2 25
-4.8%
15.3%
Q1 25
17.9%
Q4 24
65.0%
Q3 24
-31.7%
Q2 24
4.4%
31.8%
Q1 24
49.4%
EPS (diluted)
TU
TU
VG
VG
Q4 25
$0.41
Q3 25
$0.16
Q2 25
$0.14
Q1 25
$0.15
Q4 24
$0.35
Q3 24
$-0.15
Q2 24
$0.12
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
TU
TU
VG
VG
Cash + ST InvestmentsLiquidity on hand
$2.7B
$2.4B
Total DebtLower is stronger
$34.2B
Stockholders' EquityBook value
$11.8B
$6.7B
Total Assets
$44.3B
$53.4B
Debt / EquityLower = less leverage
5.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TU
TU
VG
VG
Q4 25
$2.4B
Q3 25
$1.9B
Q2 25
$2.7B
$2.2B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
Q2 24
$676.7M
Q1 24
Total Debt
TU
TU
VG
VG
Q4 25
$34.2B
Q3 25
$32.6B
Q2 25
$30.0B
Q1 25
$29.3B
Q4 24
$29.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TU
TU
VG
VG
Q4 25
$6.7B
Q3 25
$5.7B
Q2 25
$11.8B
$5.3B
Q1 25
$4.9B
Q4 24
$2.9B
Q3 24
Q2 24
$12.4B
Q1 24
Total Assets
TU
TU
VG
VG
Q4 25
$53.4B
Q3 25
$50.1B
Q2 25
$44.3B
$46.5B
Q1 25
$45.1B
Q4 24
$43.5B
Q3 24
Q2 24
$41.8B
Q1 24
Debt / Equity
TU
TU
VG
VG
Q4 25
5.07×
Q3 25
5.73×
Q2 25
5.69×
Q1 25
6.01×
Q4 24
10.11×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
TU
TU
VG
VG
Operating Cash FlowLast quarter
$851.2M
$2.1B
Free Cash FlowOCF − Capex
$-1.5B
FCF MarginFCF / Revenue
-34.1%
Capex IntensityCapex / Revenue
81.6%
Cash ConversionOCF / Net Profit
1.77×
TTM Free Cash FlowTrailing 4 quarters
$-6.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TU
TU
VG
VG
Q4 25
$2.1B
Q3 25
$1.9B
Q2 25
$851.2M
$1.5B
Q1 25
$1.1B
Q4 24
Q3 24
Q2 24
$1.0B
Q1 24
$638.0M
Free Cash Flow
TU
TU
VG
VG
Q4 25
$-1.5B
Q3 25
$-1.4B
Q2 25
$-1.5B
Q1 25
$-2.4B
Q4 24
Q3 24
Q2 24
Q1 24
$-2.4B
FCF Margin
TU
TU
VG
VG
Q4 25
-34.1%
Q3 25
-42.4%
Q2 25
-49.1%
Q1 25
-81.3%
Q4 24
Q3 24
Q2 24
Q1 24
-167.3%
Capex Intensity
TU
TU
VG
VG
Q4 25
81.6%
Q3 25
98.9%
Q2 25
96.1%
Q1 25
119.8%
Q4 24
Q3 24
Q2 24
Q1 24
212.4%
Cash Conversion
TU
TU
VG
VG
Q4 25
1.77×
Q3 25
3.42×
Q2 25
3.07×
Q1 25
2.15×
Q4 24
Q3 24
Q2 24
6.28×
Q1 24
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TU
TU

Segment breakdown not available.

VG
VG

Plaquemines Project Segment$3.4B76%
Calcasieu Project Segment$841.0M19%
Other$208.0M5%

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