Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Venture Global, Inc.

VG · NYSE · Energy

Fundamental quality

REASONABLE

66

out of 100

Venture Global, Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 44.1%) with wide margins (net margin 22.3%) and a business that keeps growing (35.8% a year). On fundamental quality it scores 66 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 5.27× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Venture Global is American LNG's insurgent exporter: it built its Louisiana terminals with a modular method faster and cheaper than anyone, and sells cargoes to the whole world. It went public in 2025 amid disputes with its own customers over selling contracted cargoes on the spot market.

What will shape its future

  • Its giant expansions (Plaquemines, CP2), the growth committed a decade out.
  • Customer arbitrations over cargoes, the litigation defining its reputation.
  • World LNG prices, its spot-market exposure.

Breakdown by area

I.Growth
80

EPS growth: 0.6% · Revenue growth: 35.8%

II.Profitability
93

Net margin: 22.3% · ROE: 44.1% · ROIC: 11.1%

III.Financial health
26

Net debt/EBITDA: 5.27x · FCF: -41.2%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 87%
ROEbeats 81%
Growthbeats 97%
Cash generationbeats 0%
Less debtbeats 7%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Venture Global, Inc. strengths

  • Revenue growing strongly (35.8% annualized).
  • High net margin (22.3%), high even for its sector: the business is clearly profitable.

Venture Global, Inc. risks and weaknesses

  • Shrinking margins: net margin has fallen from 46% to 20% in recent years.
  • Negative free cash flow: the business burns cash.
  • Very high leverage (net debt of 5.27× EBITDA): more exposed to rates and to a rough patch.
  • Its net debt has grown over the period.

Venture Global, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20237,8973,616-3,541-5,872
20244,9721,746-11,56825,668
202513,7692,733-6,79931,850

Between 2023 and 2025, revenue went from $7,897M to $13,769M (+74%) and net income went from $3,616M to $2,733M (-24%). Meanwhile, its margins have narrowed (from 46% to 20%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+53.1%
  • Net income+105.8%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5966
  • Net margin18.4%22.3%
  • ROE39.3%44.1%
  • FCF margin-44.4%-41.2%
  • Net debt/EBITDA5.64×5.27×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.03

per share, yearly

17% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Venture Global, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Venture Global, Inc. a good company to invest in?

In terms of business quality, Venture Global, Inc. scores 66 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Venture Global, Inc. a profitable company?

Very. Venture Global, Inc. shows a net margin of 22.3% and an ROE of 44.1%, typical of a highly profitable business.

Does Venture Global, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 5.27 times its EBITDA, and it has been rising.

Is Venture Global, Inc. growing?

Its revenue has grown 35.8% annualized in recent years and its earnings per share 0.6%.

Does Venture Global, Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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