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切尼尔能源（LNG）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是标普全球的1.2倍（$5.4B vs $4.4B）。切尼尔能源净利率更高（42.8% vs 26.8%，领先16.0%）。标普全球同比增速更快（191.7% vs 20.3%）。切尼尔能源自由现金流更多（$1.3B vs $-1.5B）。过去两年标普全球的营收复合增速更高（77.3% vs 14.3%）
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
LNG vs VG — 直观对比
营收规模更大
LNG
是对方的1.2倍
$4.4B
营收增速更快
VG
高出171.4%
20.3%
净利率更高
LNG
高出16.0%
26.8%
自由现金流更多
LNG
多$2.8B
$-1.5B
两年增速更快
VG
近两年复合增速
14.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $4.4B |
| 净利润 | $2.3B | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 70.8% | 38.7% |
| 净利率 | 42.8% | 26.8% |
| 营收同比 | 20.3% | 191.7% |
| 净利润同比 | 135.6% | 20.3% |
| 每股收益（稀释后） | $10.51 | $0.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LNGVG
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | $4.3B | $3.3B | ||
| Q2 25 | $4.5B | $3.1B | ||
| Q1 25 | $5.3B | $2.9B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $3.7B | $926.0M | ||
| Q2 24 | $3.1B | $1.1B | ||
| Q1 24 | $4.1B | $1.4B |
净利润LNGVG
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $1.0B | $550.0M | ||
| Q2 25 | $1.6B | $475.0M | ||
| Q1 25 | $353.0M | $517.0M | ||
| Q4 24 | $977.0M | $990.0M | ||
| Q3 24 | $893.0M | $-294.0M | ||
| Q2 24 | $880.0M | $352.0M | ||
| Q1 24 | $502.0M | $698.0M |
营业利润率LNGVG
| Q4 25 | 70.8% | 38.7% | ||
| Q3 25 | 42.3% | 39.7% | ||
| Q2 25 | 56.1% | 33.5% | ||
| Q1 25 | 18.2% | 37.3% | ||
| Q4 24 | 38.9% | 39.0% | ||
| Q3 24 | 44.7% | 20.4% | ||
| Q2 24 | 50.5% | 32.8% | ||
| Q1 24 | 28.0% | 43.6% |
净利率LNGVG
| Q4 25 | 42.8% | 26.8% | ||
| Q3 25 | 24.4% | 16.5% | ||
| Q2 25 | 36.1% | 15.3% | ||
| Q1 25 | 6.7% | 17.9% | ||
| Q4 24 | 21.9% | 65.0% | ||
| Q3 24 | 24.2% | -31.7% | ||
| Q2 24 | 28.0% | 31.8% | ||
| Q1 24 | 12.2% | 49.4% |
每股收益（稀释后）LNGVG
| Q4 25 | $10.51 | $0.41 | ||
| Q3 25 | $4.75 | $0.16 | ||
| Q2 25 | $7.30 | $0.14 | ||
| Q1 25 | $1.57 | $0.15 | ||
| Q4 24 | $4.30 | $0.35 | ||
| Q3 24 | $3.93 | $-0.15 | ||
| Q2 24 | $3.84 | $0.12 | ||
| Q1 24 | $2.13 | $0.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $2.4B |
| 总债务越低越好 | $22.5B | $34.2B |
| 股东权益账面价值 | $7.9B | $6.7B |
| 总资产 | $47.9B | $53.4B |
| 负债/权益比越低杠杆越低 | 2.84× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资LNGVG
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $2.5B | $3.6B | ||
| Q4 24 | $2.6B | $3.6B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $4.4B | — |
总债务LNGVG
| Q4 25 | $22.5B | $34.2B | ||
| Q3 25 | $22.0B | $32.6B | ||
| Q2 25 | $22.0B | $30.0B | ||
| Q1 25 | $22.5B | $29.3B | ||
| Q4 24 | $22.6B | $29.3B | ||
| Q3 24 | $22.5B | — | ||
| Q2 24 | $22.6B | — | ||
| Q1 24 | $21.4B | — |
股东权益LNGVG
| Q4 25 | $7.9B | $6.7B | ||
| Q3 25 | $6.7B | $5.7B | ||
| Q2 25 | $6.7B | $5.3B | ||
| Q1 25 | $5.6B | $4.9B | ||
| Q4 24 | $5.7B | $2.9B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.3B | — |
总资产LNGVG
| Q4 25 | $47.9B | $53.4B | ||
| Q3 25 | $45.1B | $50.1B | ||
| Q2 25 | $44.6B | $46.5B | ||
| Q1 25 | $43.5B | $45.1B | ||
| Q4 24 | $43.9B | $43.5B | ||
| Q3 24 | $43.1B | — | ||
| Q2 24 | $42.3B | — | ||
| Q1 24 | $42.9B | — |
负债/权益比LNGVG
| Q4 25 | 2.84× | 5.07× | ||
| Q3 25 | 3.25× | 5.73× | ||
| Q2 25 | 3.28× | 5.69× | ||
| Q1 25 | 4.03× | 6.01× | ||
| Q4 24 | 3.96× | 10.11× | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | — | ||
| Q1 24 | 5.04× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.1B | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-1.5B |
| 自由现金流率自由现金流/营收 | 24.4% | -34.1% |
| 资本支出强度资本支出/营收 | 13.8% | 81.6% |
| 现金转化率经营现金流/净利润 | 0.89× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流LNGVG
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $831.0M | $1.5B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | $638.0M |
自由现金流LNGVG
| Q4 25 | $1.3B | $-1.5B | ||
| Q3 25 | $738.0M | $-1.4B | ||
| Q2 25 | $-193.0M | $-1.5B | ||
| Q1 25 | $605.0M | $-2.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $875.0M | — | ||
| Q2 24 | $613.0M | — | ||
| Q1 24 | $596.0M | $-2.4B |
自由现金流率LNGVG
| Q4 25 | 24.4% | -34.1% | ||
| Q3 25 | 17.2% | -42.4% | ||
| Q2 25 | -4.3% | -49.1% | ||
| Q1 25 | 11.4% | -81.3% | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 19.5% | — | ||
| Q1 24 | 14.5% | -167.3% |
资本支出强度LNGVG
| Q4 25 | 13.8% | 81.6% | ||
| Q3 25 | 16.0% | 98.9% | ||
| Q2 25 | 22.7% | 96.1% | ||
| Q1 25 | 11.8% | 119.8% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.0% | — | ||
| Q2 24 | 16.0% | — | ||
| Q1 24 | 15.8% | 212.4% |
现金转化率LNGVG
| Q4 25 | 0.89× | 1.77× | ||
| Q3 25 | 1.36× | 3.42× | ||
| Q2 25 | 0.51× | 3.07× | ||
| Q1 25 | 3.48× | 2.15× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 2.48× | 0.91× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
