LNGNYSENatural Gas DistributionFiscal year ends December 31
Cheniere Energy, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$286.60−2.83 (-0.98%)
Close on Oct 19, 2026
- Market cap
- $60.04B
- P/E (TTM)
- 21.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
64.2%+8.7 pts over 5 years
Operating margin
45.6%+17.5 pts over 5 years
Net margin
26.7%+27.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.2% | -15.8% | +16.4% | +53.7% | |
| Gross profit | +32.5% | +18.1% | +19.8% | +46.3% | |
| Operating income | +48.7% | +26.0% | +28.2% | – | |
| Net income | +63.9% | +55.1% | – | – | |
| EPS, diluted | +69.9% | +62.3% | – | – | |
| Free cash flow | -22.0% | -34.3% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 53.1% | 82.9% | 78.3% | |
| Return on assets | -2.9% | -0.2% | 11.6% | |
| Current ratio | 2.08 | 1.44 | 0.94 | |
| Debt to equity | -15.71 | -161.48 | 2.88 | |
| Net debt to EBITDA | 139.64× | 8.07× | 2.08× | |
| Interest coverage | -0.1× | 1.7× | 9.6× | |
| Inventory turnover | 6.5× | 13.8× | 14.0× | |
| Capex to revenue | 339.5% | 19.7% | 15.4% | |
| Diluted shares | 229M | 252M | 220M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cheniere Energy generated $32.34B from operations and spent $19.76B on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
$32.34B
Used
$19.76B
Capital expenditure$10.23B52%Dividends$1.69B9%Share buybacks$7.84B40%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin26.7%
×Asset turnover0.44×
×Equity multiplier6.74×
=Return on equity, FY202578.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 26.7% | 0.44× | 6.74× | 78.3% |
| FY2024 | 20.7% | 0.36× | 8.08× | 60.5% |
| FY2023 | 48.5% | 0.48× | 40.34× | 945.1% |
| FY2022 | 4.3% | 0.83× | -14.54× | -51.6% |
| FY2021 | -14.8% | 0.42× | -27.14× | 169.7% |
| FY2020 | -0.9% | 0.26× | -347.26× | 82.9% |
| FY2019 | 6.7% | 0.29× | -124.96× | -240.0% |
| FY2018 | 5.9% | 0.27× | -26.15× | -41.1% |
| FY2017 | -7.0% | 0.22× | -16.33× | 24.9% |
| FY2016 | -47.5% | 0.06× | -18.50× | 53.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$5.33B
- Cash generatingOperating cash flow above zero$5.54B
- Return on assets improvedROA up on the prior year7.5% → 12.2%
- Earnings backed by cashOperating cash flow above net income$5.54B vs $5.33B
- Less leverageLong-term debt to assets fell51.4% → 47.0%
- Better liquidityCurrent ratio rose1.08 → 0.94
- No dilutionShare count did not rise229M → 220M
- Gross margin improvedGross margin up on the prior year61.66% → 64.21%
- More efficientAsset turnover rose0.36 → 0.46