30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
EQT Corporation trades at 16.2x earnings, 55% below its 5-year average of 35.9x, sitting at the 75th percentile of its historical range. This is roughly in line with the Energy sector median P/E of 16.8x. On a free-cash-flow basis, the stock trades at 13.5x P/FCF, 24% below the 5-year average of 17.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $38.3B | $32.8B | $25.8B | $16.0B | $13.8B | $7.0B | $3.3B | $2.8B | $4.9B | $5.8B | $5.9B |
| Enterprise Value | $46.0B | $40.5B | $35.0B | $21.7B | $18.0B | $12.6B | $8.2B | $8.1B | $10.4B | $13.0B | $8.1B |
| P/E Ratio → | 16.16 | 14.11 | 112.46 | 9.20 | 7.72 | — | — | — | — | 3.85 | — |
| P/S Ratio | 4.43 | 3.79 | 4.94 | 3.15 | 1.13 | 1.03 | 1.25 | 0.73 | 1.04 | 1.95 | 3.20 |
| P/B Ratio | 1.37 | 1.20 | 1.06 | 1.08 | 1.23 | 0.71 | 0.36 | 0.28 | 0.45 | 0.32 | 0.65 |
| P/FCF | 13.51 | 11.55 | 45.01 | 13.77 | 6.66 | 11.61 | 6.69 | 11.16 | — | — | — |
| P/OCF | 7.48 | 6.39 | 9.13 | 5.03 | 3.97 | 4.24 | 2.15 | 1.50 | 1.66 | 3.55 | 5.59 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
EQT Corporation's enterprise value stands at 7.5x EBITDA, 42% below its 5-year average of 12.9x. This is roughly in line with the Energy sector median of 7.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.68 | 6.70 | 4.29 | 1.48 | 1.84 | 3.10 | 2.13 | 2.20 | 4.35 | 4.38 |
| EV / EBITDA | 7.51 | 6.60 | 12.28 | 5.37 | 4.11 | 36.16 | 14.53 | 18.16 | — | 9.00 | 47.04 |
| EV / EBIT | 13.04 | — | 48.63 | 9.36 | 6.97 | — | — | — | — | 35.47 | — |
| EV / FCF | — | 14.26 | 61.00 | 18.74 | 8.72 | 20.71 | 16.64 | 32.49 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
EQT Corporation earns an operating margin of 40.8%, significantly above the Energy sector average of 13.9%. Operating margins have compressed from 45.6% to 40.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.0% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.4% | 97.4% | 14.7% | 18.6% | 66.4% | 43.8% | 40.8% | 54.5% | 61.9% | 51.6% | 32.6% |
| Operating Margin | 40.8% | 40.8% | 13.1% | 45.6% | 22.4% | -19.9% | -33.0% | -30.3% | -58.8% | 12.8% | -40.7% |
| Net Profit Margin | 26.9% | 26.9% | 4.4% | 34.2% | 14.6% | -16.7% | -36.1% | -32.2% | -47.4% | 50.5% | -24.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 9.0% | 1.2% | 13.4% | 16.7% | -11.9% | -10.1% | -11.8% | -15.3% | 11.0% | -5.3% |
| ROA | 5.7% | 5.7% | 0.7% | 7.2% | 7.8% | -5.6% | -5.2% | -6.2% | -8.9% | 6.7% | -3.1% |
| ROIC | 7.7% | 7.7% | 1.9% | 9.6% | 13.2% | -6.9% | -4.5% | -5.5% | -9.9% | 1.6% | -5.4% |
| ROCE | 9.2% | 9.2% | 2.3% | 11.0% | 14.9% | -8.0% | -5.2% | -6.4% | -11.9% | 1.8% | -5.4% |
Solvency and debt-coverage ratios — lower is generally safer
EQT Corporation carries a Debt/EBITDA ratio of 1.3x, which is manageable (49% below the sector average of 2.5x). Net debt stands at $7.7B ($7.8B total debt minus $111M cash). Interest coverage of 8.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.39 | 0.40 | 0.51 | 0.57 | 0.53 | 0.54 | 0.50 | 0.40 | 0.36 |
| Debt / EBITDA | 1.27 | 1.27 | 3.29 | 1.44 | 1.30 | 16.22 | 8.73 | 11.94 | — | 5.07 | 19.03 |
| Net Debt / Equity | — | 0.28 | 0.38 | 0.39 | 0.38 | 0.55 | 0.53 | 0.54 | 0.50 | 0.39 | 0.24 |
| Net Debt / EBITDA | 1.25 | 1.25 | 3.22 | 1.42 | 0.97 | 15.89 | 8.69 | 11.93 | — | 4.97 | 12.64 |
| Debt / FCF | — | 2.71 | 15.99 | 4.97 | 2.06 | 9.11 | 9.95 | 21.33 | — | — | — |
| Interest Coverage | 8.05 | 8.05 | 1.51 | 10.54 | 10.89 | -4.70 | -3.39 | -5.76 | -12.16 | 2.28 | -5.76 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.76x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.99x to 0.76x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.70 | 0.99 | 1.08 | 0.44 | 0.69 | 1.30 | 0.84 | 0.94 | 2.27 |
| Quick Ratio | 0.76 | 0.76 | 0.70 | 0.99 | 1.08 | 0.44 | 0.69 | 1.30 | 0.63 | 0.75 | 2.23 |
| Cash Ratio | 0.04 | 0.04 | 0.08 | 0.04 | 0.39 | 0.02 | 0.01 | 0.00 | 0.00 | 0.12 | 1.73 |
| Asset Turnover | — | 0.21 | 0.13 | 0.20 | 0.54 | 0.30 | 0.15 | 0.20 | 0.23 | 0.10 | 0.12 |
| Inventory Turnover | 3.75 | — | — | — | — | — | — | — | 3.75 | 4.78 | 31.18 |
| Days Sales Outstanding | — | 62.73 | 85.97 | 65.88 | 48.35 | 76.74 | 77.78 | 87.31 | 105.84 | 82.95 | 67.14 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
EQT Corporation returns 1.0% to shareholders annually primarily through dividends. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.2% | 1.3% | 1.4% | 1.5% | — | 0.2% | 1.1% | 0.6% | 0.4% | 0.3% |
| Payout Ratio | — | — | 141.6% | 13.2% | 11.5% | — | — | — | — | 1.4% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 7.1% | 0.9% | 10.9% | 12.9% | — | — | — | — | 25.9% | — |
| FCF Yield | 7.4% | 8.7% | 2.2% | 7.3% | 15.0% | 8.6% | 15.0% | 9.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.3% | 3.0% | 0.2% | 0.0% | 0.0% | 10.9% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.0% | 1.2% | 1.3% | 2.7% | 4.5% | 0.2% | 0.2% | 1.1% | 11.6% | 0.4% | 0.3% |
| Shares Outstanding | — | $612M | $560M | $413M | $406M | $323M | $261M | $255M | $261M | $188M | $167M |
Compare EQT with 9 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| EQTYou | $38B | 16.2 | 7.5 | 13.5 | 97.4% | 40.8% | 9.0% | 7.7% | 1.3 |
| INR | $751B | 4.5 | 4486.8 | — | 52.1% | 36.2% | 10.2% | 10.1% | 1.6 |
| EXE | $26B | 14.3 | 5.0 | 14.0 | 80.4% | 16.8% | 10.1% | 7.4% | — |
| AR | $11B | 18.1 | 9.1 | 7.0 | 94.3% | 16.7% | 8.5% | 5.9% | 2.2 |
| RRC | $10B | 15.1 | 9.2 | 16.6 | — | — | 15.9% | — | 1.1 |
| CNX | $6B | 10.5 | 6.1 | 11.1 | 46.8% | 37.1% | 15.0% | 9.1% | 1.8 |
| CRK | $6B | -25.8 | 14.0 | — | -10.4% | -13.5% | -9.3% | -2.4% | 4.8 |
| GPOR | $4B | -14.2 | 52.1 | 20.0 | 57.4% | -25.5% | -13.2% | -6.6% | 8.0 |
| BKV | $3B | 16.1 | 9.8 | — | 31.7% | 17.8% | 9.6% | 5.9% | 1.5 |
| EPSN | $113M | 58.2 | 7.9 | — | 37.5% | 10.9% | 2.0% | 2.9% | 0.0 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonEQT Corporation's current P/E ratio is 16.2x. The historical average is 17.6x. This places it at the 75th percentile of its historical range.
EQT Corporation's current EV/EBITDA is 7.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
EQT Corporation's return on equity (ROE) is 9.0%. The historical average is 9.6%.
Based on historical data, EQT Corporation is trading at a P/E of 16.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
EQT Corporation's current dividend yield is 1.04%.
EQT Corporation has 97.4% gross margin and 40.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
EQT Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.