ConocoPhillips (COP) vs EQT Corporation (EQT)

ConocoPhillips and EQT Corporation are both Oil & Gas E&P companies. ConocoPhillips is the larger, with a market value of $154.0B against $32.5B — 4.7× the size. EQT Corporation trades at the lower P/E: 11.7× against 16.8×. EQT Corporation grew revenue faster over the last twelve months: 32.3% against 8.48%. EQT Corporation has the higher net margin (28.4% vs 14.2%) and the lower return on invested capital (7.36% vs 12.2%). Both pay a dividend; ConocoPhillips yields more (2.63% vs 1.69%). Across the 22 metrics below, EQT Corporation leads on 13 and ConocoPhillips on 9.

Valuation

Metric COP EQT Oil & Gas E&P median
P/E 16.84 11.71 10.57
P/S 2.37 3.34 1.80
P/B 2.36 1.10 1.27
Price to free cash flow 12.70 8.45 9.99
EV/EBITDA 6.08 5.53 5.08
EV/Sales 2.61 3.92 2.39
Earnings yield 5.94% 8.54% 6.06%
Free cash flow yield 7.87% 11.84% 6.17%

Profitability

Metric COP EQT Oil & Gas E&P median
Gross margin 62.56% 79.26% 80.41%
Operating margin 24.14% 42.47% 21.39%
Net margin 14.17% 28.44% 14.17%
Free cash flow margin 18.63% 39.48% 9.71%
Return on equity 14.13% 10.05% 10.05%
Return on assets 7.50% 6.70% 5.81%
Return on invested capital 12.17% 7.36% 6.32%

Growth

Metric COP EQT Oil & Gas E&P median
Revenue growth (TTM) 8.48% 32.32% 9.94%
EPS growth (last fiscal year) (18.69%) 635.56% —
Revenue growth, 5-year CAGR 26.16% 23.09% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COP EQT Oil & Gas E&P median
Debt to equity 0.36 0.20 0.28
Current ratio 1.54 0.67 0.96
Net debt to EBITDA 0.64 1.31 0.91

Dividend

Metric COP EQT Oil & Gas E&P median
Dividend yield 2.63% 1.69% 4.93%
Payout ratio 0.37 0.07 0.07

Size

Metric COP EQT Oil & Gas E&P median
Market cap 153.96b 32.45b 923.59m

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