VG
Venture Global, Inc.
VG's fundamentals are mixed: revenue grew 69%, but free cash flow was negative. Its PE of 6.4x looks cheaper than it really is, because one-off gains boosted its recent earnings. Analysts expect earnings growth, though they disagree widely on how much.
VG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Weak | |
| Weak |
VG's revenue and profitability are currently healthy, but its cash flow and balance sheet are weak.
VG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 6.4x | $13.26 | — |
| Forward | 8.4x | $13.26 | — |
| Cheap | 9.2x | $18.95 | +43% |
| Fair | 12x | $24.97 | +88% |
| Expensive | 15x | $30.85 | +133% |
Historical ranges are pointers, not guarantees.
VG's PE is in its cheap range at 6.4x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 8.4x.
VG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect VG's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
VG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.58 | -24% |
| Q3 2026 | $2.07 | +156% |
| Q2 2026 | $1.27 | +149% |
| Q1 2026 | $0.90 | +80% |
VG's earnings per share have climbed steadily: $2.07 over the past year, up 156% from the year before, and higher year over year every quarter since early 2026. Its recent earnings include one-off gains.
VG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.8B | +43% |
| Q2 2026 | $4.6B | +48% |
| Q1 2026 | $4.6B | +59% |
| Q4 2025 | $4.4B | +192% |
| Q3 2025 | $3.3B | +260% |
| Q2 2025 | $3.1B | +180% |
| Q1 2025 | $2.9B | +105% |
| Q4 2024 | $1.5B | -6.6% |
VG's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 48% | +8.6 points |
| Q2 2026 | 48% | +14 points |
| Q1 2026 | 25% | -12 points |
| Q4 2025 | 39% | -0.3 points |
| Q3 2025 | 40% | +19 points |
| Q2 2025 | 33% | N/A |
| Q1 2025 | 37% | N/A |
| Q4 2024 | 39% | -4.7 points |
VG's operating margin was 48% last quarter, up 8.6 points from the same quarter a year ago, near the top of its range since 2023.
VG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.9B | -$523M |
| Q2 2026 | -$1.6B | -$125M |
| Q1 2026 | -$2.4B | -$66M |
| Q4 2025 | -$1.5B | +$1.5B |
| Q3 2025 | -$1.4B | +$2.1B |
| Q2 2025 | -$1.5B | +$1.2B |
| Q1 2025 | -$2.4B | +$14M |
| Q4 2024 | -$3B | +$38M |
VG has burned cash in almost every quarter: −$7.5B over the past year, against −$8.3B the year before.
VG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +3M shares |
| 1 year | +0.2% | +5M shares |
| 3 years | +2.7% | +69.3M shares |
VG has 2.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
VG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.9x | High |
| Q2 2026 | 5.3x | High |
| Q1 2026 | 5.6x | High |
| Q4 2025 | 5.2x | High |
| Q3 2025 | 6.4x | High |
| Q2 2025 | 8.9x | High |
VG's net debt is about 4.9 years of its operating earnings (EBITDA), down from 6.4 years a year ago.
VG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.3 | Neutral |
| Stochastic | 36.7 | Neutral |
VG's weekly RSI is 50 (neutral) and its Stochastic is 37 (neutral).
VG PE vs Energy Sector
| Metric | VG | Sector median | Relative |
|---|---|---|---|
| PE | 6.4x | 13x | 51% below |
| PE % | 0 | 26 | 26 pts below |
VG is trading at 6.4x earnings, a 51% discount to the Energy sector's median of 13x, though its recent earnings include one-off gains.
VG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.2 | 0.8% above |
| 20 week MA | $13.5 | 1.8% below |
| 50 week MA | $12.0 | 11% above |
VG's trend is mixed: it's above two of its three weekly moving averages, and 11% above its 50-week average.
VG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $24.0 | $6.95 | -71% |
| 2026 YTD | $6.95 | $13.3 | +91% |
VG has finished every year since 2025 lower, and it's up 91% so far in 2026.