EQT Corporation vs Woodside Energy Group Ltd, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Operating margin dominates this natural-gas comparison: EQT at 60.3%, the lowest-cost Appalachian producer, against Woodside's 30%, Australian LNG carrying heavier development costs. EQT earns the higher return on equity, 11.4% against 6.87%, and nets more, 31.9% against 21.1%. Both run debt-free. Woodside yields more free cash, 20% against 12.2%, LNG's contracted offtake throwing off steady cash. The multiples sit at 10 and 13.2 times. Two gas producers on different continents and forms, US dry gas against Australian LNG; EQT's ultra-low-cost position earns the fatter margin and better return, Woodside's LNG the higher cash yield and Asian-demand exposure, and the market prices both as cheap gas plays.
Comparison updated 2026-07-11.
| Metric | EQT | WDS |
|---|---|---|
| Price | $52.70 | $18.95 |
| Market cap | $33.2B | $35.9B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| P/E | 10.0 | 13.2 |
| P/B | 1.15 | 0.90 |
| P/S | 3.22 | 2.77 |
| EV/EBITDA | 5.3 | 7.8 |
| Revenue growth | +90.6% | +29.4% |
| Gross margin | — | 34.9% |
| Operating margin | 60.3% | 29.9% |
| Net margin | 31.9% | 21.1% |
| Return on equity | 11.4% | 6.9% |
| Return on assets | 7.9% | 4.1% |
| Return on invested capital | 10.6% | 7.8% |
| FCF yield | 12.2% | 20.0% |
| Dividend yield | 1.2% | — |
| Debt / equity | 0.23 | 0.00 |
| Current ratio | 0.66 | 1.59 |
| Altman Z (solvency) | 2.11 | 1.27 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.