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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Fiscal 2025 results for Cheniere Energy, Inc. combined $19.98B of revenue with net income of $5.33B and an operating cash inflow of $5.54B. Revenue of $19.98B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $15.70B in fiscal 2024, revenue recorded a 27.2% year-over-year increase. The company reported diluted EPS of $24.13, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 69.9% increase from fiscal 2024 diluted EPS of $14.20. Asset turnover was 0.42x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
The first profit layer was $12.83B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 64.2% of revenue, showing how much of the top line remained after direct costs. Operating income was $9.11B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 45.6%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $5.33B, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 26.7% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $8.28B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 41.5% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $1.49B, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 18.0%, quantifying the portion of pre-tax earnings paid in income tax.Liquidity and Capital Structure
The company held $47.88B of assets against $34.80B of liabilities and $12.94B of equity, revealing how the asset base was financed. At period end, current assets of $3.69B compared with current liabilities of $3.92B, defining the company’s short-term resource position. The current ratio was 0.94x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $1.10B, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 28.1%, excluding receivables and other current assets. The company carried $22.81B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 1.76x, showing how much debt the company carried for each unit of book equity. Debt represented 47.6% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 72.7%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 2.3% of total assets, showing the liquid cash component within the company’s broader resource base.Cash Flow and Earnings Quality
The company reported $5.54B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.04x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $3.08B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 55.6% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $2.46B of positive free cash flow for the period. The free-cash-flow margin was 12.3%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 5.1%, showing the cash productivity of the company’s assets.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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