3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 32.0% per year over the past 2 years.
Net income has grown slower than revenue (-13.1% vs 32.0% per year).
Operating margin has contracted, at 37.4% in the latest year.
Financial health
Total debt ($34.2B) exceeds cash ($2.4B); net debt is $31.9B.
Total debt has grown slower than revenue (16.8% vs 32.0% per year).
Operating income covered interest expense 3.5× in the latest year, down from 7.6× 2 years ago.
Total debt is 5.6× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 17.0% of earnings.
The dividend has grown 68.4% per year over the past 2 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$13.8B
$2.7B
0.0%
37.4%
-$6.8B
$34.2B
$2.4B
2024
$5.0B
$1.7B
0.0%
35.5%
-$11.6B
$29.3B
$3.6B
2023
$7.9B
$3.6B
0.0%
61.4%
-$3.5B
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.6B
$625M
0.0%
25.0%
-$2.4B
$36.6B
$1.6B
Dec '25
$4.4B
$1.2B
0.0%
38.7%
-$1.5B
$34.2B
$2.4B
Sep '25
$3.3B
$550M
0.0%
39.7%
-$1.4B
$32.6B
$1.9B
Jun '25
$3.1B
$475M
0.0%
33.5%
-$1.5B
$30.0B
$2.2B
Mar '25
$2.9B
$517M
0.0%
37.3%
-$2.4B
$29.3B
$3.6B
Dec '24
$1.5B
$990M
0.0%
39.0%
-$3.0B
$29.3B
$3.6B
Sep '24
$926M
-$294M
0.0%
20.4%
-$3.5B
—
—
Jun '24
$1.1B
$352M
0.0%
32.8%
-$2.7B
—
—
Mar '24
$1.4B
$698M
0.0%
43.6%
-$2.4B
—
—
Valuation over time
How the market has priced VG against its own fundamentals since 2025-01 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 28.8× (Jan '25) to 9.8× (Jun '26).
The price-to-sales ratio has fallen from 10.1× (Jan '25) to 1.9× (Jun '26).
The dividend yield has risen from 0.3% (Jan '25) to 1.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VG growing its revenue and profit?
Over the past 2 years, Venture Global, Inc.'s revenue has grown 32.0% per year, and net income declined 13.1% per year. These are computed facts, not advice.
How much debt does VG have?
As of FY2025, Venture Global, Inc. reported $34.2B of total debt against $2.4B of cash; operating income covered interest expense 3.5×.
What is VG's profit margin?
In FY2025, gross margin was —, operating margin 37.4%, and net margin 19.8%.
What is VG's P/E ratio?
As of Jun '26, Venture Global, Inc. traded at a price-to-earnings ratio of about 9.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.