Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EQT Corporation's quarterly P/E stands at 6.4x, down 80.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 53.5% YoY to 4.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.33 | 6.39 | 12.41 | 25.67 | 11.22 | 33.39 | 16.71 | — | 432.01 | 40.29 | 8.55 | 50.72 | — |
| — | -80.9% | -25.7% | — | -97.4% | -17.1% | +95.3% | — | — | +1460.7% | +332.8% | +741.5% | — | |
| P/S Ratio | 3.49 | 2.94 | 3.68 | 4.69 | 3.44 | 3.33 | 3.84 | 4.21 | 4.62 | 3.16 | 3.14 | 4.19 | 4.36 |
| — | -11.6% | -4.2% | +11.4% | -25.5% | +5.4% | +22.3% | +0.6% | +5.9% | +84.6% | +138.7% | +276.3% | +319.5% | |
| P/B Ratio | 1.16 | 1.38 | 1.22 | 1.28 | 1.40 | 1.32 | 1.14 | 1.00 | 1.09 | 1.09 | 1.16 | 1.19 | 1.24 |
| — | +4.7% | +6.9% | +27.6% | +28.8% | +21.4% | -1.8% | -15.8% | -12.0% | +5.1% | -3.5% | -30.2% | -19.8% | |
| P/FCF | 11.16 | 4.05 | 16.06 | 21.85 | 12.70 | 6.49 | 42.18 | 218.03 | — | 6.64 | 47.18 | — | — |
| — | -37.6% | -61.9% | -90.0% | — | -2.3% | -10.6% | — | — | +146.8% | +891.0% | — | — | |
| EV / EBITDA | 6.85 | 4.20 | 6.50 | 8.11 | 6.11 | 9.02 | 6.59 | 27.82 | 11.40 | 7.97 | 4.67 | 12.50 | 12.57 |
| — | -53.5% | -1.3% | -70.8% | -46.4% | +13.2% | +41.0% | +122.5% | -9.4% | +301.3% | +182.0% | +219.5% | +375.8% | |
| EV / EBIT | 12.50 | 5.55 | 11.25 | 16.21 | 8.96 | 19.70 | 12.14 | — | 257.69 | 29.37 | 7.92 | 397.44 | — |
| — | -71.8% | -7.4% | — | -96.5% | -32.9% | +53.3% | — | — | +1097.8% | +314.7% | +6666.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
EQT Corporation's operating margin was 60.3% in Q1 2026, up 20.0 pp QoQ and up 39.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 44.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 78.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.9% | 98.4% | 45.9% | 36.2% | 54.7% | 55.0% | 38.6% | 7.6% | -23.2% | 55.8% | 57.2% | 49.4% | 47.2% |
| — | +78.7% | +19.0% | +373.1% | +336.2% | -1.3% | -32.6% | -84.5% | -149.0% | -26.9% | -30.3% | -42.8% | -44.3% | |
| Operating Margin | 34.7% | 60.3% | 40.2% | 33.1% | 44.3% | 20.5% | 43.2% | -23.2% | 0.3% | 14.0% | 52.7% | 1.6% | -4.1% |
| — | +193.7% | -6.9% | +242.9% | +13198.7% | +46.6% | -18.0% | -1577.2% | +108.1% | -84.0% | -41.5% | -93.7% | -110.1% | |
| Net Margin | 22.5% | 46.0% | 29.8% | 18.4% | 30.7% | 10.0% | 23.1% | -24.7% | 1.1% | 7.9% | 36.6% | 8.1% | -7.8% |
| — | +359.4% | +28.7% | +174.5% | +2770.9% | +26.3% | -36.8% | -406.7% | +113.7% | -88.1% | -45.0% | -56.4% | -129.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 5.5% | 2.5% | 1.3% | 3.2% | 1.0% | 1.9% | -1.7% | 0.1% | 0.7% | 3.5% | 0.6% | -0.6% |
| — | +456.4% | +33.8% | +176.6% | +4944.9% | +44.0% | -46.0% | -372.9% | +111.4% | -93.4% | -78.9% | -91.5% | -105.3% | |
| ROA | 5.0% | 3.7% | 1.6% | 0.8% | 2.0% | 0.6% | 1.0% | -0.9% | 0.0% | 0.4% | 2.0% | 0.4% | -0.3% |
| — | +511.4% | +55.6% | +189.3% | +5099.7% | +49.2% | -47.9% | -362.4% | +112.5% | -92.4% | -73.4% | -88.3% | -107.6% | |
| ROIC | 6.9% | 4.4% | 2.0% | 1.3% | 2.6% | 1.1% | 1.7% | -0.8% | 0.0% | 0.7% | 2.7% | 0.1% | -0.2% |
| — | +290.9% | +13.9% | +272.4% | +23342.3% | +67.1% | -35.1% | -1268.5% | +106.6% | -91.3% | -77.1% | -98.6% | -102.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
EQT Corporation's Debt/EBITDA ratio is 2.1x, down from 4.9x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 15.9% YoY to 0.66x, strengthening the short-term liquidity position. Debt/Equity has declined for 7 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.20 | 0.29 | 0.30 | 0.33 | 0.34 | 0.39 | 0.67 | 0.33 | 0.36 | 0.40 | 0.42 | 0.39 |
| — | -42.2% | -26.1% | -56.0% | +1.2% | -5.2% | -2.4% | +61.7% | -15.6% | -19.4% | -22.4% | -15.7% | -30.1% | |
| Debt / EBITDA | 1.36 | 2.13 | 4.93 | 6.15 | 4.73 | 7.51 | 6.68 | 44.86 | 10.56 | 8.22 | 4.75 | 13.01 | 12.81 |
| — | -71.7% | -26.2% | -86.3% | -55.2% | -8.6% | +40.6% | +244.9% | -17.6% | +200.9% | +123.2% | +268.4% | +356.8% | |
| Current Ratio | 0.76 | 0.66 | 0.76 | 0.58 | 0.71 | 0.57 | 0.70 | 0.51 | 0.73 | 0.88 | 0.99 | 0.59 | 1.11 |
| — | +15.9% | +9.5% | +12.9% | -3.1% | -35.7% | -29.5% | -13.0% | -34.3% | -40.4% | -8.1% | +0.1% | +95.5% | |
| Quick Ratio | 0.76 | 0.66 | 0.76 | 0.58 | 0.71 | 0.57 | 0.70 | 0.51 | 0.73 | 0.54 | 0.99 | 0.59 | 1.11 |
| — | +15.9% | +9.5% | +12.9% | -3.1% | +5.5% | -29.5% | -13.0% | -34.3% | -63.7% | -8.1% | +0.1% | +95.5% | |
| Interest Coverage | 7.46 | 21.04 | 8.67 | 5.88 | 11.34 | 4.35 | 4.08 | -1.54 | 0.37 | 3.34 | 9.96 | 0.24 | -0.97 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying EQT stock.
EQT Corporation's current P/E is 15.3x. The average P/E over the last 4 quarters is 13.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
EQT Corporation's current operating margin is 34.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking EQT Corporation's business trajectory between earnings reports.