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NEW YORK STOCK EXCHANGE, INC. · Energy · CIK 0002007855
$12.81
-0.31% · live
Updated
$31.08B market value
From Venture Global, Inc.'s FY2025 10-K, filed Mar 2, 2026 · read the filing
Venture Global supplies electricity, gas or water. It took in $13.77B last year, which makes it a large company. Of every dollar it sells, about 20 cents is left as profit.
The financial picture is led by growth, with profitability worth watching, while debt and accounting remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Its accounting patterns resemble those of companies that later restated earnings. This is a statistical screen, not evidence of wrongdoing.
Beneish M-Score -1.32, above the −1.78 threshold
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 1.07
Recent open-market selling by Musser Fory, not under a pre-arranged plan.
$3.9M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From Venture Global, Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Revenue
$4.97B → $13.77B
Gross profit
$3.62B → $7.85B
Operating income
$1.76B → $5.16B
Profit
$1.75B → $2.73B
Measured against FY2024, from the 10-K filed Mar 2, 2026
Improved: +176.9%
$4.97B to $13.77BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote live), and what was published around it
VG fell 0.31% on the latest quote. The average Utilities company tracked here moved +1.72%, and the S&P 500 −1.04%. That is 2.0 points below its sector and 0.7 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 26 analysts covering this company, as of . Their views, not this site's.
Of 26 analysts publishing on this company, 6 say strong buy, 12 say buy and 8 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 20 cents of every dollar of sales as profit, earning $2.73B last year. Note that after $13.37B of spending on property and equipment, it consumed $6.80B more cash than it generated.
Yes, quickly. Sales grew 176.9% last year.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 17 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 7% of the cash its operations generated. It has paid in each of the last 3 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $2.73B and generated $6.57B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Mar 2, 2026Filing for FY2025 | FY202410-K · Mar 2, 2026Filing for FY2024 | FY202310-K · Mar 2, 2026Filing for FY2023 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|
| RevenueWhat is this? | $13.77B | $4.97B | $7.90B | +176.9% |
| Cost of revenue | $5.92B | $1.35B | $1.68B | +338.2% |
| Gross profit | $7.85B† | $3.62B† | $6.21B† | +116.8% |
| Gross marginGross profit ÷ revenueWhat is this? | 57.0% | 72.8% | 78.7% | −15.8 pts |
| Selling, general and administrative | $433.0M | $312.0M | $224.0M | +38.8% |
| Operating income | $5.16B | $1.76B | $4.85B | +192.5% |
| Operating marginOperating income ÷ revenueWhat is this? | 37.4% | 35.5% | 61.4% | +2.0 pts |
| Interest expense | $1.45B | $584.0M | $641.0M | +149.0% |
| Income before tax | $3.36B | $2.18B | $4.43B | +54.1% |
| Net income | $2.73B | $1.75B | $3.62B | +56.5% |
| Net marginNet income ÷ revenueWhat is this? | 19.8% | 35.1% | 45.8% | −15.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.13 | $0.743 | $1.75 | +51.6% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| VGVenture Global, Inc. · this page | 5.0/10 | 6/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $12.68 ($1.4M)
Holds 0 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following Venture Global, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from VG's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Mar 2, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 5.0 | 6/9 | 10-K, filed Mar 2, 2026 |
| FY2024 | 3.3 | 3/5 | 10-K, filed Mar 2, 2026 |
| FY2023 | 6.0 | 2/2 | 10-K, filed Mar 2, 2026 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.07
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-1.32
Above the threshold — worth a closer look
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +116.8%
$3.62B to $7.85BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +192.5%
$1.76B to $5.16BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +56.5%
$1.75B to $2.73BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −15.8 pts
72.8% to 57.0%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −15.3 pts
35.1% to 19.8%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: $4.77B narrower
-$11.57B to -$6.80BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +51.6%
$0.74 to $1.13Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: +234.5%
$139.0M to $465.0MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Deteriorated: -34.7%
$3.61B to $2.35BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +2.0 pts
35.5% to 37.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: +14.8%
$29.09B to $33.39BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +3.2%
2.35B to 2.43BNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 11, 2026 — read it.
Improved: +47.6%
$3.10B to $4.58BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +73.5%
$1.68B to $2.92BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +110.8%
$1.04B to $2.19BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +198.3%
$475.0M to $1.42BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.5 pts
54.2% to 63.7%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +14.3 pts
33.5% to 47.8%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +15.6 pts
15.3% to 31.0%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +190.4%
$0.20 to $0.57Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +39.5%
$29.77B to $41.53BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +38.9%
$2.25B to $3.12BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +2.7%
2.42B to 2.49BNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 11, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +60.8%
$1.81B to $2.92BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +90.1%
$1.15B to $2.19BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +126.7%
$625.0M to $1.42BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +24.3 pts
39.5% to 63.7%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +22.8 pts
25.0% to 47.8%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +17.4 pts
13.6% to 31.0%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +124.4%
$0.25 to $0.57Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +95.1%
$1.60B to $3.12BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +13.9%
$36.46B to $41.53BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +1.1%
2.46B to 2.49BNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Manageable, but notable. Clearing its debt would take about 4.9 years of cash flow. For every $1 it owes, it owns $1.29 in assets. A bankruptcy-risk model also places it in its distress range.
The trailing P/E is 10.1x — investors pay $10.1 for each $1 of trailing profit.
Some accounting patterns here resemble those found in companies that overstated earnings. This is a statistical flag, not evidence of wrongdoing — it is a prompt to read the filings closely.
| 176.9% |
| 19.8% |
| 11.37x |
| 6.15x |
| EOGEOG RESOURCES INC | 7.3/10 | 4/8 | -4.5% | 22.0% | 17.57x | 0.74x |
|---|
| FANGDiamondback Energy, Inc. | 10.0/10 | 5/8 | 35.8% | 11.1% | 33.72x | 0.76x |
|---|
| DVNDEVON ENERGY CORP/DE | 8.7/10 | 5/8 | 5.4% | 15.7% | 12.08x | 1.03x |
|---|
| EQTEQT Corp | 10.0/10 | 8/9 | 63.9% | 23.6% | 16.02x | 0.61x |
|---|
| EXEEXPAND ENERGY Corp | 10.0/10 | 7/8 | 186.3% | 15.0% | 11.89x | 0.52x |
|---|
| PRPermian Resources Corp | 8.7/10 | 4/8 | 1.3% | 18.5% | 19.61x | 0.62x |
|---|
| OVVOvintiv Inc. | 7.3/10 | 7/8 | -3.1% | 14.3% | 14.13x | 0.82x |
|---|
| Median of peers | 8.7/10 | — | 5.4% | 15.7% | 16.02x | 0.74x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $12.70 ($1.4M)
Holds 0 shares after this filing.
Exercised stock options — 394,978 shares at $0.84 ($331.8K)
Holds 394,978 shares after this filing.
Sold on the open market — 394,978 shares at $13.37 ($5.3M)
Holds 0 shares after this filing.
Exercised stock options — 394,979 shares at $0.84 ($331.8K)
Holds 394,979 shares after this filing.
Sold on the open market — 389,679 shares at $12.43 ($4.8M)
Holds 5,300 shares after this filing.
Exercised stock options — 5,300 shares at $12.89 ($68.3K)
Holds 0 shares after this filing.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $14.40 ($1.6M)
Holds 0 shares after this filing.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $14.23 ($1.6M)
Holds 0 shares after this filing.
Exercised stock options — 155,692 shares at $0.84 ($130.8K)
Holds 155,692 shares after this filing.
Exercised stock options — 239,287 shares at $0.79 ($189.0K)
Holds 394,979 shares after this filing.
Sold on the open market — 394,979 shares at $14.82 ($5.9M)
Holds 0 shares after this filing.
Exercised stock options — 394,979 shares at $0.84 ($331.8K)
Holds 394,979 shares after this filing.
Sold on the open market — 394,979 shares at $14.40 ($5.7M)
Holds 0 shares after this filing.
Exercised stock options — 152,660 shares at $1.16 ($177.1K)
Holds 152,660 shares after this filing.
Sold on the open market — 152,660 shares at $16.15 ($2.5M)
Holds 0 shares after this filing.
Exercised stock options — 464,196 shares at $0.79 ($366.7K)
Holds 464,196 shares after this filing.
Sold on the open market — 464,196 shares at $15.05 ($7.0M)
Holds 0 shares after this filing.
Exercised stock options — 1,885,804 shares at $0.79 ($1.5M)
Holds 1,885,804 shares after this filing.
Sold on the open market — 1,885,804 shares at $15.21 ($28.7M)
Holds 0 shares after this filing.
Exercised stock options — 12,600 shares at $0.79 ($10.0K)
Holds 12,600 shares after this filing.
Sold on the open market — 12,600 shares at $14.01 ($176.5K)
Holds 0 shares after this filing.
Exercised stock options — 259,413 shares at $0.79 ($204.9K)
Holds 259,413 shares after this filing.
Sold on the open market — 259,413 shares at $14.26 ($3.7M)
Holds 0 shares after this filing.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $14.17 ($1.6M)
Holds 0 shares after this filing.
Exercised stock options — 111,111 shares at $1.16 ($128.9K)
Holds 111,111 shares after this filing.
Sold on the open market — 111,111 shares at $13.86 ($1.5M)
Holds 0 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 222,222 shares ($2.8M) on or after .
Shares originally obtained via Exercise of Stock Options.
Filed notice to sell 789,957 shares ($10.9M) on or after .
Shares originally obtained via Exercise of Stock Options.
Filed notice to sell 222,222 shares ($3.3M) on or after .
Shares originally obtained via Exercise of Stock Options.
Filed notice to sell 152,660 shares ($2.4M) on or after .
Shares originally obtained via Exercise of Stock Options.
Filed notice to sell 1,885,804 shares ($27.8M) on or after .
Shares originally obtained via Exercise of Stock Options.
Filed notice to sell 1,254,154 shares ($18.1M) on or after .
Shares originally obtained via Exercise of Stock Options.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Signed a material agreement · Took on a direct financial obligation · Reported another event
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Revenue +47.6% · Operating margin +14.3 pts · Gross profit +73.5% — against Q2 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingTriggered early repayment on an obligation · Reported another event
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingPublished results
Read the filingQuarterly report for Q1 FY2026
Revenue +58.9% · Operating margin −12.3 pts · Gross margin −23.9 pts — against Q1 FY2025
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingHere's Why Venture Global (VG) Is a Great 'Buy the Bottom' Stock Now
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Primary sources and further research