APA Corporation (APA) vs EQT Corporation (EQT)

APA Corporation and EQT Corporation are both Oil & Gas E&P companies. EQT Corporation is the larger, with a market value of $32.5B against $15.3B — 2.1× the size. APA Corporation trades at the lower P/E: 9.0× against 11.7×. EQT Corporation grew revenue faster over the last twelve months: 32.3% against −16.1%. EQT Corporation has the higher net margin (28.4% vs 19.5%) and the lower return on invested capital (7.36% vs 17.3%). Both pay a dividend; APA Corporation yields more (3.28% vs 1.69%). Across the 22 metrics below, APA Corporation leads on 12 and EQT Corporation on 10.

Valuation

Metric APA EQT Oil & Gas E&P median
P/E 9.02 11.71 10.57
P/S 1.75 3.34 1.80
P/B 1.90 1.10 1.27
Price to free cash flow 9.85 8.45 9.99
EV/EBITDA 3.47 5.53 5.08
EV/Sales 2.14 3.92 2.39
Earnings yield 11.09% 8.54% 6.06%
Free cash flow yield 10.15% 11.84% 6.17%

Profitability

Metric APA EQT Oil & Gas E&P median
Gross margin 92.58% 79.26% 80.41%
Operating margin 36.09% 42.47% 21.39%
Net margin 19.48% 28.44% 14.17%
Free cash flow margin 17.78% 39.48% 9.71%
Return on equity 22.59% 10.05% 10.05%
Return on assets 9.30% 6.70% 5.81%
Return on invested capital 17.27% 7.36% 6.32%

Growth

Metric APA EQT Oil & Gas E&P median
Revenue growth (TTM) (16.13%) 32.32% 9.94%
EPS growth (last fiscal year) 75.77% 635.56% —
Revenue growth, 5-year CAGR 16.44% 23.09% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APA EQT Oil & Gas E&P median
Debt to equity 0.47 0.20 0.28
Current ratio 0.95 0.67 0.96
Net debt to EBITDA 0.78 1.31 0.91

Dividend

Metric APA EQT Oil & Gas E&P median
Dividend yield 3.28% 1.69% 4.93%
Payout ratio 0.18 0.07 0.07

Size

Metric APA EQT Oil & Gas E&P median
Market cap 15.30b 32.45b 923.59m

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