# VENTURE GLOBAL, INC. (VG) · Edgar & Edgarette company card

> Venture Global (VG) grew revenue 177% in FY2025 to $13.8 billion, operating margin 37.4% against a 33.8% median for natural gas distribution, equity 12.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 2007855 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/VG) · [JSON](https://www.pops4.com/boards/company/VG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $13.8B |
| Revenue growth, 1 year | 176.9% |
| Revenue growth per year | 32.0% |
| Operating margin | 37.4% (prior year 35.5%) |
| Net margin | 19.8% |
| Operating cash flow | $6.6B |
| Capital spending | $13.4B |
| Free cash flow | −$6.8B |
| Cash | $2.4B |
| Long-term debt | $34.2B |
| Total assets | $53.4B |
| Total equity | $6.7B |
| Equity ÷ assets | 12.6% |
| Return on equity | 40.5% |
| Dividend per share | $0.03 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · filed debt accelerated or triggered in the last 12 months
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $13.8B (FY2025), total debt $34.2B. Experience: revenue up 176.9% on the year, up 32.0% a year over 2 years; operating margin 37.4%, up from 35.5%. Soundness: equity 12.6% of assets, return on equity 40.5%, payout 17.0% of profit. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $22.3B and $31.9B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin 37.4% against a 33.8% median; growth 176.9% against 17.1%.

Range logged 2026-09-20, receipt 50949bed24b2c09d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.04 Debt accelerated or triggered: 1, latest 2026-06-02 ([filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000048/0002007855-26-000048-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-06-01 ([filing](https://www.sec.gov/Archives/edgar/data/2007855/000095010326008083/0000950103-26-008083-index.htm))

## Recent filings

- 8-K · filed 2026-10-15 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000081/0002007855-26-000081-index.htm)
- 8-K · filed 2026-10-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000072/0002007855-26-000072-index.htm)
- 8-K · filed 2026-10-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000069/0002007855-26-000069-index.htm)
- 8-K · filed 2026-09-02 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000066/0002007855-26-000066-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000063/0002007855-26-000063-index.htm)
- 10-Q · filed 2026-08-11 · [filing](https://www.sec.gov/Archives/edgar/data/2007855/000200785526000062/0002007855-26-000062-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0002007855.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2007855

## Cite

POPS4, Edgar & Edgarette: VENTURE GLOBAL, INC. (VG) company card, from the company's own SEC filings, accessed 2026-10-27, https://www.pops4.com/boards/company/VG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.