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 $32.8B against $21.0B — 1.6× the size. Expand Energy Corporation trades at the lower P/E: 8.0× against 12.5×. 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%). Only EQT Corporation pays a dividend (1.22%). Across the 22 metrics below, Expand Energy Corporation leads on 16 and EQT Corporation on 6.

Valuation

Metric EQT EXE Oil & Gas E&P median
P/E 12.51 8.02 11.01
P/S 3.56 1.64 1.98
P/B 1.18 1.15 1.30
Price to free cash flow 9.03 8.64 10.68
EV/EBITDA 5.86 4.06 5.09
EV/Sales 4.15 1.92 2.63
Earnings yield 7.99% 12.46% 5.78%
Free cash flow yield 11.08% 11.57% 4.91%

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% 8.18%
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% (10.50%)
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 0.89

Dividend

Metric EQT EXE Oil & Gas E&P median
Dividend yield 1.22% 0.00% 3.29%
Payout ratio 0.15 0.00 0.35

Size

Metric EQT EXE Oil & Gas E&P median
Market cap 32.81b 21.02b 1.04b

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