EQT Corporation (EQT) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↓
6.85
↓-47% vs avg
5yr avg: 13.01
30Y Low4.1·High47.0
P/FCF
↑
11.16
↓-37% vs avg
5yr avg: 17.77
30Y Low5.1·High45.0
P/B Ratio
↑
1.16
+9% vs avg
5yr avg: 1.06
30Y Low0.3·High7.0
ROE
↑
7.9%
↓+45% vs avg
5yr avg: 5.5%
30Y Low-15%·High42%
Debt/EBITDA
↓
1.36
↓-71% vs avg
5yr avg: 4.72
30Y Low1.3·High19.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EQT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
EQT Corporation trades at 15.3x earnings, 58% below its 5-year average of 36.4x, sitting at the 67th percentile of its historical range. This is roughly in line with the Energy sector median P/E of 15.4x. On a free-cash-flow basis, the stock trades at 11.2x P/FCF, 37% below the 5-year average of 17.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.7B | $33.5B | $25.8B | $16.0B | $13.8B | $7.0B | $3.3B | $2.8B | $4.9B | $5.8B | $5.9B |
| Enterprise Value | $39.4B | $41.2B | $35.0B | $21.7B | $18.0B | $12.6B | $8.2B | $8.1B | $10.4B | $13.0B | $8.1B |
| P/E Ratio → | 15.33 | 16.19 | 112.46 | 9.20 | 7.72 | — | — | — | — | 3.85 | — |
| P/S Ratio | 3.49 | 3.69 | 4.94 | 3.15 | 1.13 | 1.03 | 1.25 | 0.73 | 1.04 | 1.95 | 3.20 |
| P/B Ratio | 1.16 | 1.22 | 1.06 | 1.08 | 1.23 | 0.71 | 0.36 | 0.28 | 0.45 | 0.32 | 0.65 |
| P/FCF | 11.16 | 11.80 | 45.01 | 13.77 | 6.66 | 11.61 | 6.69 | 11.16 | — | — | — |
| P/OCF | 6.18 | 6.53 | 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
EQT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
EQT Corporation's enterprise value stands at 6.8x EBITDA, 47% below its 5-year average of 13.0x. The Energy sector median is 7.8x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.54 | 6.70 | 4.29 | 1.48 | 1.84 | 3.10 | 2.13 | 2.20 | 4.35 | 4.38 |
| EV / EBITDA | 6.85 | 7.16 | 12.28 | 5.37 | 4.11 | 36.16 | 14.53 | 18.16 | — | 9.00 | 47.04 |
| EV / EBIT | 12.50 | 12.59 | 48.63 | 9.36 | 6.97 | — | — | — | — | 35.47 | — |
| EV / FCF | — | 14.51 | 61.00 | 18.74 | 8.72 | 20.71 | 16.64 | 32.49 | — | — | — |
EQT Profitability
Margins and return-on-capital ratios measuring operating efficiency
EQT Corporation earns an operating margin of 34.7%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 45.6% to 34.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.9% is modest. ROIC of 6.9% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
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 | 48.9% | 48.9% | 14.7% | 18.6% | 66.4% | 43.8% | 40.8% | 54.5% | 61.9% | 51.6% | 32.6% |
| Operating Margin | 34.7% | 34.7% | 13.1% | 45.6% | 22.4% | -19.9% | -33.0% | -30.3% | -58.8% | 12.8% | -40.7% |
| Net Profit Margin | 22.5% | 22.5% | 4.4% | 34.2% | 14.6% | -16.7% | -36.1% | -32.2% | -47.4% | 50.5% | -24.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 1.2% | 13.4% | 16.7% | -11.9% | -10.1% | -11.8% | -15.3% | 11.0% | -5.3% |
| ROA | 5.0% | 5.0% | 0.7% | 7.2% | 7.8% | -5.6% | -5.2% | -6.2% | -8.9% | 6.7% | -3.1% |
| ROIC | 6.9% | 6.9% | 1.9% | 9.6% | 13.2% | -6.9% | -4.5% | -5.5% | -9.9% | 1.6% | -5.4% |
| ROCE | 8.2% | 8.2% | 2.3% | 11.0% | 14.9% | -8.0% | -5.2% | -6.4% | -11.9% | 1.8% | -5.4% |
EQT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
EQT Corporation carries a Debt/EBITDA ratio of 1.4x, which is manageable (48% below the sector average of 2.6x). Net debt stands at $7.7B ($7.8B total debt minus $111M cash). Interest coverage of 7.5x 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 | 1.36 | 1.36 | 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 | 1.34 | 1.34 | 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 | 7.46 | 7.46 | 1.58 | 10.58 | 10.35 | -4.42 | -3.84 | -6.99 | -12.44 | 2.18 | -5.82 |
EQT Liquidity & Efficiency
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 | — | 0.22 | 0.13 | 0.20 | 0.54 | 0.30 | 0.15 | 0.20 | 0.23 | 0.10 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 3.75 | 4.78 | 31.18 |
| Days Sales Outstanding | — | 59.77 | 85.97 | 65.88 | 48.35 | 76.74 | 77.78 | 87.31 | 105.84 | 82.95 | 67.14 |
EQT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
EQT Corporation returns 1.2% to shareholders annually primarily through dividends. The payout ratio of 19.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 1.2% | 1.2% | 1.3% | 1.4% | 1.5% | — | 0.2% | 1.1% | 0.6% | 0.4% | 0.3% |
| Payout Ratio | 19.1% | 19.1% | 141.6% | 13.2% | 11.5% | — | — | — | — | 1.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 6.2% | 0.9% | 10.9% | 12.9% | — | — | — | — | 25.9% | — |
| FCF Yield | 9.0% | 8.5% | 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 | 1.2% | 1.2% | 1.3% | 2.7% | 4.5% | 0.2% | 0.2% | 1.1% | 11.6% | 0.4% | 0.3% |
| Shares Outstanding | — | $625M | $560M | $413M | $406M | $323M | $261M | $255M | $261M | $188M | $167M |
Peer Comparison
Compare EQT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EQTYou | $32B | 15.3 | 6.8 | 11.2 | 48.9% | 34.7% | 7.9% | 6.9% | 1.4 |
 AR | $10B | 16.4 | 9.6 | 8.3 | 22.1% | 16.5% | 8.5% | 5.2% | 3.2 |
 RRC | $9B | 13.3 | 8.0 | 14.5 | 34.1% | 27.9% | 15.9% | 11.4% | 1.0 |
 CNX | $5B | 8.2 | 5.2 | 8.7 | 47.2% | 36.8% | 15.0% | 9.0% | 1.8 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 DVN | $26B | 10.0 | 4.5 | 8.4 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 COP | $131B | 17.0 | 6.4 | 7.8 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 OVV | $15B | 11.0 | 5.4 | 9.8 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
 GPOR | $3B | 7.5 | 4.6 | 10.5 | 70.7% | 37.9% | 23.9% | 14.8% | 1.0 |
 AM | $10B | 25.2 | 15.7 | 13.4 | 65.3% | 51.2% | 20.2% | 9.4% | 3.8 |
 WMB | $89B | 34.2 | 17.6 | 89.0 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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EQT — Frequently Asked Questions
Quick answers to the most common questions about buying EQT stock.
What is EQT Corporation's P/E ratio?
EQT Corporation's current P/E ratio is 15.3x. The historical average is 17.7x. This places it at the 67th percentile of its historical range.
What is EQT Corporation's EV/EBITDA?
EQT Corporation's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is EQT Corporation's ROE?
EQT Corporation's return on equity (ROE) is 7.9%. The historical average is 9.6%.
Is EQT stock overvalued?
Based on historical data, EQT Corporation is trading at a P/E of 15.3x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is EQT Corporation's dividend yield?
EQT Corporation's current dividend yield is 1.23% with a payout ratio of 19.1%.
What are EQT Corporation's profit margins?
EQT Corporation has 48.9% gross margin and 34.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does EQT Corporation have?
EQT Corporation's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.