EQT Corporation (EQT) vs Expand Energy Corporation (EXE)

EQT Corporation and Expand Energy Corporation are both Oil & Gas E&P companies. EQT Corporation is the larger, with a market value of $32.5B against $20.1B — 1.6× the size. Expand Energy Corporation trades at the lower P/E: 7.5× against 11.7×. Expand Energy Corporation grew revenue faster over the last twelve months: 59.3% against 32.3%. EQT Corporation has the higher net margin (28.4% vs 20.5%) and the lower return on invested capital (7.36% vs 10.3%). Both pay a dividend; Expand Energy Corporation yields more (3.86% vs 1.69%). Across the 22 metrics below, Expand Energy Corporation leads on 17 and EQT Corporation on 5.

Valuation

Metric EQT EXE Oil & Gas E&P median
P/E 11.71 7.46 10.57
P/S 3.34 1.52 1.80
P/B 1.10 1.07 1.27
Price to free cash flow 8.45 8.03 9.99
EV/EBITDA 5.53 3.81 5.08
EV/Sales 3.92 1.80 2.39
Earnings yield 8.54% 13.40% 6.06%
Free cash flow yield 11.84% 12.45% 6.17%

Profitability

Metric EQT EXE Oil & Gas E&P median
Gross margin 79.26% 80.66% 80.41%
Operating margin 42.47% 26.94% 21.39%
Net margin 28.44% 20.46% 14.17%
Free cash flow margin 39.48% 18.94% 9.71%
Return on equity 10.05% 14.89% 10.05%
Return on assets 6.70% 9.97% 5.81%
Return on invested capital 7.36% 10.25% 6.32%

Growth

Metric EQT EXE Oil & Gas E&P median
Revenue growth (TTM) 32.32% 59.29% 9.94%
EPS growth (last fiscal year) 635.56% 266.37% —
Revenue growth, 5-year CAGR 23.09% 18.27% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EQT EXE Oil & Gas E&P median
Debt to equity 0.20 0.19 0.28
Current ratio 0.67 0.96 0.96
Net debt to EBITDA 1.31 0.82 0.91

Dividend

Metric EQT EXE Oil & Gas E&P median
Dividend yield 1.69% 3.86% 4.93%
Payout ratio 0.07 0.19 0.07

Size

Metric EQT EXE Oil & Gas E&P median
Market cap 32.45b 20.07b 923.59m

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