# Venture Global, Inc. (VG) — Stock CV

Venture Global, Inc. is a $32.9B utility company. Revenue grew 100.7% over the last year, it keeps 20¢ of every dollar of sales as profit, and it carries $31.0B of net debt. It trades at 8.8× earnings — in the cheapest third of its own history.

> Venture Global operates two liquefied natural gas production facilities in Louisiana. It has pioneered the use of modular, factory-built equipment, producing high yields.

## Identity

- **Ticker**: VG
- **Sector**: Utilities
- **Industry**: Natural Gas Distribution
- **Headquarters**: ARLINGTON, VA
- **Employees**: 2 000
- **Website**: https://www.ventureglobal.com
- **Market cap**: $32.9B
- **Last price**: $13.16
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $17.0B
- **Net income**: $3.33B
- **Free cash flow**: -$6.99B
- **Net debt**: $31.0B
- **P/E**: 8.8
- **Revenue growth (YoY)**: 100.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 0 |
| Profitability | 75 |
| Health | 22 |
| Quality | 21 |
| Moat | 36 |

## Qualifications (beginner checklist) — 5 of 10 passed

- [x] Revenue growing — +100.7% YoY
- [x] Profitable — $3.33B TTM
- [x] Profit growing — +7.8% YoY
- [ ] Generates cash — -$6.99B TTM
- [ ] Debt under control — current ratio 1.19
- [x] Established company — $32.9B market cap
- [ ] Not printing shares — +33.8% shares over ~5y
- [ ] Proven track record — 4/6 profitable years
- [ ] Financially stable — health score 22/100
- [x] Valuation not extreme — P/E 8.8

## Experience (career milestones)

- **FY2025** — Revenue crossed $10B: $13.8B for the year
- **FY2023** — Best year on record: $2.68B net income
- **FY2022** — Turned profitable: $1.86B net income after a loss year
- **FY2020** — Revenue already above $1B: $1.25B in first reported year
- **1964** — The world's first purpose-built LNG carrier, the Methane Princess, entered service
- **1915** — Godfrey Cabot patented a method for storing liquid gases at very low temperatures

## Strengths

- High gross margin (53.5%)
- Revenue growing 100.7% year over year

## Watch-outs

- Negative free cash flow (-$7.0B)
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | — | -$329M | -$2.58B |
| FY2022 | $6.45B | $1.86B | -$916M |
| FY2023 | $7.90B | $2.68B | -$3.54B |
| FY2024 | $4.97B | $1.48B | -$11.6B |
| FY2025 | $13.8B | $2.26B | -$6.80B |

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Source: https://stockcv.com/VG — derived from company filings; may be delayed or incomplete. Information, not investment advice.