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Venture Global, Inc. (VG) financial health, profit and balance sheet · Scorvest

VG · NYSE · United States · Natural Gas Distribution

Venture Global, Inc.

Arlington, VA · Fiscal year ends in December · Figures in USD

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In shortVenture Global, Inc. is profitable, burns cash and carries heavy debt, with revenue growing (+176.9% last year).

Financial health

Weak

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability89

Operating marginShare of each sale left after running the business, before interest and tax.	37.4%	100/100
Net marginShare of each sale left as profit after every cost, interest and tax.	16.4%	86/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	46.9%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	10.2%	68/100

Weight in the score: 25%

Balance sheet6

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	0.93×	11/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	5.07×	0/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	5.22×	0/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	3.55×	19/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	1.07	0/100

Weight in the score: 25%

Cash generation0

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	-49.4%	0/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	-3.01×	0/100
Years with positive free cash flow (last 5)	0 of 3	0/100

Weight in the score: 20%

Stability29
Profitable years (last 5) 3 of 3 100/100
Years of revenue decline (last 5) 1 of 2 17/100
Revenue growth volatility 151.3% 0/100
Operating margin volatility 14.4% 0/100
Weight in the score: 20%
Growth–
Revenue growth, 3-year average – n/a
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	3 of 3	100/100
Years of revenue decline (last 5)	1 of 2	17/100
Revenue growth volatility	151.3%	0/100
Operating margin volatility	14.4%	0/100

Revenue growth, 3-year average	–	n/a
EPS growth, 3-year average	–	n/a

Fiscal year 2025 · change vs prior year

Revenue: $13.8B; ▲ 176.9%
Net income: $2.3B; ▲ 53.2%
Free cash flow: −$6.8B; ▲ 41.2%
Operating margin: 37.4%; +2.0 pts
Cash & investments: $2.4B; –
Total debt: $34.2B; ▲ 16.8%
Diluted EPS: $0.86; ▲ 50.9%
Return on equity: 46.9%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

Statements

The last 3 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY23	FY24	FY25
Revenue	7,897	4,972	13,769
Research & development	490	635	344
Operating income	4,850	1,763	5,156
Interest expense	641	584	1,454
Pre-tax income	4,432	2,183	3,363
Income tax	816	437	630
Net income	2,681	1,475	2,260
Diluted EPS	$1.25	$0.57	$0.86
Diluted shares (millions)	2,143	2,585	2,635

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Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of Venture Global, Inc. are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

1.07 Distress zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

6/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: failed
Gross margin improved: not available
Asset turnover improved: passed

Sources

10-QPeriod ending Jun 30, 2026Filed Aug 11, 2026Open the report ↗
10-QPeriod ending Mar 31, 2026Filed May 12, 2026Open the report ↗
10-KPeriod ending Dec 31, 2025Filed Mar 2, 2026Open the report ↗
10-QPeriod ending Sep 30, 2025Filed Nov 10, 2025Open the report ↗
10-QPeriod ending Jun 30, 2025Filed Aug 12, 2025Open the report ↗
10-QPeriod ending Mar 31, 2025Filed May 13, 2025Open the report ↗
10-KPeriod ending Dec 31, 2024Filed Mar 6, 2025Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works