Venture Global, Inc. (VG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VG SEC filings page.
Venture Global, Inc. (VG) reported $17.0B in revenue over the twelve months to Jun 30, 2026, up 100.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue rebounded sharply while heavy project spending and leverage keep accounting profits from becoming surplus cash.
In FY2025, operating cash flow of$6.6B remained below capital spending, leaving free cash flow at-$6.8B ; the business is converting operations into cash, but construction absorbs more than it generates. Operating margin improved from35.5% to37.5% while net margin fell from35.1% to19.9% , indicating that higher financing costs—not weaker operating execution alone—absorbed much of the improvement.
Leverage eased as debt-to-equity fell from 10.0x in FY2024 to 5.0x in FY2025, but that improvement reflects a larger equity base rather than a low-debt balance sheet. A current ratio of 0.9x means short-term liabilities exceeded current assets at year-end, leaving less near-term balance-sheet flexibility.
Revenue rose from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Venture Global, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Venture Global, Inc. has an operating margin of 37.5%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 35.5% the prior year.
Venture Global, Inc.'s revenue surged 176.9% year-over-year to $13.8B, reflecting rapid business expansion. This strong growth earns a score of 91/100.
Venture Global, Inc. has elevated debt relative to equity (D/E of 4.95), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 8/100, reflecting increased financial risk.
Venture Global, Inc.'s current ratio of 0.93 is below the typical benchmark, resulting in a score of 28/100. However, the company holds substantial cash reserves (54% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Venture Global, Inc. generated $6.6B in operating cash flow, capex of $13.4B consumed most of it, leaving -$6.8B in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.
Venture Global, Inc.'s ROE of 40.5% shows moderate profitability relative to equity, earning a score of 61/100. This is down from 60.3% the prior year.
Venture Global, Inc. scores 1.17, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Venture Global, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Venture Global, Inc. generates $2.40 in operating cash flow ($6.6B OCF vs $2.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Venture Global, Inc. earns $3.55 in operating income for every $1 of interest expense ($5.2B vs $1.5B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Venture Global, Inc. generated $4.6B in revenue in Q2 2026. This represents an increase of 47.6% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.
Venture Global, Inc.'s EBITDA was $2.4B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 87.6% from the same quarter a year earlier. Against the prior quarter it is up 74.6%.
Venture Global, Inc. reported $1.4B in net income in Q2 2026. This represents an increase of 198.3% from the same quarter a year earlier. Against the prior quarter it is up 126.7%.
Venture Global, Inc. earned $0.51 per diluted share (EPS) in Q2 2026. This represents an increase of 264.3% from the same quarter a year earlier. Against the prior quarter it is up 168.4%.
Cash & Balance Sheet
Venture Global, Inc. recorded an outflow of $1.6B in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 8.2% from the same quarter a year earlier. Against the prior quarter it is up 31.9%.
Venture Global, Inc. held $3.1B in cash against $41.5B in long-term debt as of Q2 2026.
Venture Global, Inc. paid $0.02 per share in dividends in Q2 2026. It is unchanged from the prior quarter.
Margins & Returns
Venture Global, Inc.'s gross margin was 63.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 9.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 24.3 percentage points.
Venture Global, Inc.'s operating margin was 47.8% in Q2 2026, reflecting core business profitability. This is up 14.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.8 percentage points.
Venture Global, Inc.'s net profit margin was 30.9% in Q2 2026, showing the share of revenue converted to profit. This is up 15.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.4 percentage points.
Venture Global, Inc.'s ROE was 16.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 7.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.
Capital Allocation
Venture Global, Inc. invested $23.0M in research and development in Q2 2026. This represents a decrease of 59.6% from the same quarter a year earlier. Against the prior quarter it is down 50.0%.
Venture Global, Inc. invested $3.7B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is up 16.9%.
Not reported for Q2 2026.
VG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B+47.6% | $4.6B+58.9% | $4.4B+191.7% | $3.3B+259.5% | $3.1B+179.9% | $2.9B+104.7% | $1.5B | $926.0M |
| Cost of Revenue | $1.7B+17.0% | $2.8B+162.9% | $2.1B+396.1% | $1.4B+410.3% | $1.4B+373.0% | $1.1B+190.1% | $414.0M | $272.0M |
| Gross Profit | $2.9B+73.5% | $1.8B-1.1% | $2.4B+115.4% | $1.9B+196.8% | $1.7B+108.2% | $1.8B+74.9% | $1.1B | $654.0M |
| R&D Expenses | $23.0M-59.6% | $46.0M-74.7% | $52.0M-58.1% | $53.0M-66.0% | $57.0M-67.2% | $182.0M+0.6% | $124.0M | $156.0M |
| SG&A Expenses | $112.0M+8.7% | $97.0M-7.6% | $120.0M+36.4% | $105.0M+36.4% | $103.0M+37.3% | $105.0M+45.8% | $88.0M | $77.0M |
| Operating Income | $2.2B+110.8% | $1.2B+6.6% | $1.7B+189.2% | $1.3B+598.4% | $1.0B+186.0% | $1.1B+75.0% | $594.0M | $189.0M |
| EBITDA | $2.4B+87.6% | $1.4B+8.2% | $2.0B+185.0% | $1.5B+453.2% | $1.3B+201.4% | $1.3B+88.6% | $687.0M | $278.0M |
| Interest Expense | $489.0M+57.7% | $444.0M+60.9% | $447.0M+282.1% | $421.0M+228.9% | $310.0M+102.6% | $276.0M+48.4% | $117.0M | $128.0M |
| Income Tax | $336.0M+189.7% | $111.0M-26.5% | $276.0M+11.3% | $87.0M+211.5% | $116.0M+26.1% | $151.0M-13.7% | $248.0M | -$78.0M |
| Net Income | $1.4B+198.3% | $625.0M+20.9% | $1.2B+20.3% | $550.0M+287.1% | $475.0M+34.9% | $517.0M-25.9% | $990.0M | -$294.0M |
| EPS (Basic) | $0.54+260.0% | $0.20+17.6% | $0.44+18.9% | $0.18+220.0% | $0.15+15.4% | $0.17-39.3% | $0.37 | -$0.15 |
| EPS (Diluted) | $0.51+264.3% | $0.19+26.7% | $0.41+20.6% | $0.16 | $0.14+16.7% | $0.15-40.0% | $0.34 | -$0.15 |
| Diluted Shares (Avg) | 2.64B+0.3% | 2.63B-0.3% | N/A | 2.64B | 2.63B+2.3% | 2.64B+2.4% | N/A | 2.35B |
VG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $61.5B+32.3% | $56.3B+25.0% | $53.4B+22.9% | $50.1B | $46.5B | $45.1B | $43.5B | N/A |
| Current Assets | $4.5B+13.9% | $3.2B-34.2% | $4.0B-11.4% | $3.3B | $4.0B | $4.9B | $4.6B | N/A |
| Cash & Equivalents | $3.1B+38.9% | $1.6B-55.6% | $2.4B-34.7% | $1.9B-66.7% | $2.2B-49.6% | $3.6B-29.1% | $3.6B | $5.6B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $290.0M+57.6% | $241.0M+27.5% | $253.0M+48.0% | $227.0M | $184.0M | $189.0M | $171.0M | N/A |
| Accounts Receivable | $844.0M+25.4% | $810.0M+26.6% | $918.0M+152.2% | $633.0M | $673.0M | $640.0M | $364.0M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $49.4B+36.9% | $44.0B+25.1% | $41.5B+16.4% | $39.3B | $36.1B | $35.1B | $35.6B | N/A |
| Current Liabilities | $3.8B+33.7% | $3.7B+31.4% | $4.3B+22.6% | $3.9B | $2.9B | $2.8B | $3.5B | N/A |
| Non-Current Liabilities | $45.6B+37.2% | $40.2B+24.6% | $37.1B+15.8% | $35.3B | $33.2B | $32.3B | $32.1B | N/A |
| Long-Term Debt | $41.5B+39.5% | $36.5B+25.1% | $33.4B+14.8% | $31.7B | $29.8B | $29.1B | $29.1B | N/A |
| Total Equity | $8.6B+62.7% | $7.2B+48.2% | $6.7B+132.8% | $5.7B | $5.3B | $4.9B | $2.9B | N/A |
| Retained Earnings | $6.5B+95.5% | $5.2B+75.7% | $4.7B+80.8% | $3.7B | $3.3B | $2.9B | $2.6B | N/A |
Not reported in any period shown, so not listed: Goodwill.
VG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1B+42.1% | $763.0M-31.5% | $2.1B+213.7% | $1.9B+572.5% | $1.5B+161.3% | $1.1B+74.6% | $673.0M | $280.0M |
| Depreciation & Amortization | $260.0M-2.6% | $251.0M+16.2% | $240.0M+158.1% | $218.0M+144.9% | $267.0M+281.4% | $216.0M+208.6% | $93.0M | $89.0M |
| Stock-Based Compensation | N/A | $12.0M0.0% | N/A | N/A | N/A | $12.0M+100.0% | N/A | N/A |
| Capital Expenditures | $3.7B+24.8% | $3.2B-8.2% | $3.6B-0.9% | $3.3B-13.4% | $3.0B-8.3% | $3.5B+15.4% | $3.7B | $3.8B |
| Free Cash Flow | -$1.6B-8.2% | -$2.4B-2.8% | -$1.5B+49.3% | -$1.4B+59.9% | -$1.5B+43.5% | -$2.4B+0.6% | -$3.0B | -$3.5B |
| Investing Cash Flow | -$3.7B-25.3% | -$3.0B+13.6% | -$3.6B+2.1% | -$3.2B+17.6% | -$2.9B+14.9% | -$3.5B-10.5% | -$3.7B | -$3.9B |
| Financing Cash Flow | $3.1B+763.7% | $1.9B+4.8% | $1.4B-30.3% | $1.9B-59.7% | $364.0M-83.9% | $1.8B+3.4% | $2.0B | $4.7B |
| Dividends Paid | -$91.0M+52.1% | $180.0M-5.3% | $42.0M-25.0% | $423.0M+683.3% | -$190.0M-1457.1% | $190.0M+1166.7% | $56.0M | $54.0M |
Not reported in any period shown, so not listed: Share Buybacks.
VG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.7%+9.5pp | 39.5%-23.9pp | 53.8%-19.0pp | 58.3%-12.3pp | 54.2%-18.7pp | 63.4%-10.8pp | 72.8% | 70.6% |
| Operating Margin | 47.8%+14.3pp | 25.0%-12.3pp | 38.6%-0.3pp | 39.6%+19.2pp | 33.5%+0.7pp | 37.3%-6.3pp | 39.0% | 20.4% |
| Net Margin | 30.9%+15.6pp | 13.6%-4.3pp | 26.8%-38.2pp | 16.5%+48.3pp | 15.3%-16.4pp | 17.9%-31.5pp | 65.0% | -31.8% |
| Return on Equity | 16.5%+7.5pp | 8.6%-1.9pp | 17.7%-16.5pp | 9.7% | 9.0% | 10.6% | 34.2% | N/A |
| Return on Assets | 2.3%+1.3pp | 1.1%0.0pp | 2.2%-0.1pp | 1.1% | 1.0% | 1.1% | 2.3% | N/A |
| Current Ratio | 1.19-0.2x | 0.87-0.9x | 0.93-0.4x | 0.83 | 1.39 | 1.73 | 1.29 | N/A |
| Debt-to-Equity | 4.84-0.8x | 5.04-0.9x | 4.95-5.1x | 5.58 | 5.65 | 5.97 | 10.04 | N/A |
| Asset Turnover | 0.070.0x | 0.080.0x | 0.080.0x | 0.07 | 0.07 | 0.06 | 0.04 | N/A |
| FCF Margin | -36.0%+13.1pp | -52.6%+28.7pp | -34.1% | -42.4% | -49.1% | -81.3% | -195.9% | -380.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Venture Global, Inc. VG | FY2025 | $13.8B | $2.7B | 19.9% | $33.2B | 47/100 |
| Targa Resources Corp. TRGP | FY2025 | $17.0B | $1.9B | 11.3% | $60.9B | 45/100 |
| Oneok, Inc. OKE | FY2025 | $33.6B | $3.4B | 10.1% | $55.5B | 56/100 |
| Cheniere Energy Inc LNG | FY2025 | $20.0B | $6.8B | 34.0% | $56.2B | 58/100 |
| Cheniere Energy Partners, LP CQP | FY2025 | $10.8B | $3.0B | 27.8% | $30.7B | 62/100 |
Where Venture Global, Inc. Ranks
Frequently Asked Questions
What is Venture Global, Inc.'s annual revenue?
Venture Global, Inc. (VG) reported $13.8B in total revenue for fiscal year 2025. This represents a 176.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Venture Global, Inc.'s revenue growing?
Venture Global, Inc. (VG) revenue grew by 176.9% year-over-year, from $5.0B to $13.8B in fiscal year 2025.
Is Venture Global, Inc. profitable?
Yes, Venture Global, Inc. (VG) reported a net income of $2.7B in fiscal year 2025, with a net profit margin of 19.9%.
What is Venture Global, Inc.'s EBITDA?
Venture Global, Inc. (VG) had EBITDA of $6.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Venture Global, Inc. have?
As of fiscal year 2025, Venture Global, Inc. (VG) had $2.4B in cash and equivalents against $33.4B in long-term debt.
What is Venture Global, Inc.'s gross margin?
Venture Global, Inc. (VG) had a gross margin of 57.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Venture Global, Inc.'s operating margin?
Venture Global, Inc. (VG) had an operating margin of 37.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Venture Global, Inc.'s net profit margin?
Venture Global, Inc. (VG) had a net profit margin of 19.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Venture Global, Inc. pay dividends?
Yes, Venture Global, Inc. (VG) paid $0.03 per share in dividends during fiscal year 2025.
What is Venture Global, Inc.'s return on equity (ROE)?
Venture Global, Inc. (VG) has a return on equity of 40.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Venture Global, Inc.'s free cash flow?
Venture Global, Inc. (VG) recorded an outflow of $6.8B in free cash flow during fiscal year 2025. This represents a 41.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Venture Global, Inc.'s operating cash flow?
Venture Global, Inc. (VG) generated $6.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Venture Global, Inc.'s total assets?
Venture Global, Inc. (VG) had $53.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Venture Global, Inc.'s capital expenditures?
Venture Global, Inc. (VG) invested $13.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Venture Global, Inc. spend on research and development?
Venture Global, Inc. (VG) invested $344.0M in research and development during fiscal year 2025.
What is Venture Global, Inc.'s current ratio?
Venture Global, Inc. (VG) had a current ratio of 0.93 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Venture Global, Inc.'s debt-to-equity ratio?
Venture Global, Inc. (VG) had a debt-to-equity ratio of 4.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Venture Global, Inc.'s return on assets (ROA)?
Venture Global, Inc. (VG) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Venture Global, Inc.'s P/E ratio?
Venture Global, Inc. (VG) trades at 8.8x earnings, its market capitalization divided by net income of $3.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $33.2B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Venture Global, Inc.'s price-to-sales ratio?
Venture Global, Inc. (VG) trades at 2.0x sales, its market capitalization divided by revenue of $17.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $33.2B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Venture Global, Inc.'s Altman Z-Score?
Venture Global, Inc. (VG) has an Altman Z-Score of 1.17, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Venture Global, Inc.'s Piotroski F-Score?
Venture Global, Inc. (VG) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Venture Global, Inc.'s earnings high quality?
Venture Global, Inc. (VG) has an earnings quality ratio of 2.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Venture Global, Inc. cover its interest payments?
Venture Global, Inc. (VG) has an interest coverage ratio of 3.55x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Venture Global, Inc.?
Venture Global, Inc. (VG) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.