Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
EQT Corp., profitability ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | EQT Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | EQT Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | EQT Corp. ROE improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | EQT Corp. ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Operating Profit Margin
EQT Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating income (loss) | (1,360,975) | (877,666) | (1,152,110) | (2,783,124) | 382,212) | |
| Sales of natural gas, natural gas liquids and oil | 6,804,020) | 2,650,299) | 3,791,414) | 4,695,519) | 2,651,318) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | -20.00% | -33.12% | -30.39% | -59.27% | 14.42% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 14.81% | -6.22% | 4.83% | — | — | |
| ConocoPhillips | 29.84% | -12.74% | 32.04% | — | — | |
| Exxon Mobil Corp. | 11.91% | -14.85% | 8.66% | — | — | |
| Marathon Petroleum Corp. | 3.58% | -17.55% | 4.50% | — | — | |
| Occidental Petroleum Corp. | 17.59% | -79.89% | 3.17% | — | — | |
| Valero Energy Corp. | 1.87% | -2.43% | 3.54% | — | — | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.93% | -14.14% | 7.25% | — | — | |
| Operating Profit Margin, Industry | ||||||
| Energy | 10.97% | -15.78% | 5.50% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Sales of natural gas, natural gas liquids and oil
= 100 × -1,360,975 ÷ 6,804,020 = -20.00%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | EQT Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Profit Margin
EQT Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income (loss) attributable to EQT Corporation | (1,155,759) | (967,166) | (1,221,695) | (2,244,568) | 1,508,529) | |
| Sales of natural gas, natural gas liquids and oil | 6,804,020) | 2,650,299) | 3,791,414) | 4,695,519) | 2,651,318) | |
| Profitability Ratio | ||||||
| Net profit margin1 | -16.99% | -36.49% | -32.22% | -47.80% | 56.90% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.04% | -5.87% | 2.09% | — | — | |
| ConocoPhillips | 17.63% | -14.38% | 22.07% | — | — | |
| Exxon Mobil Corp. | 8.33% | -12.57% | 5.61% | — | — | |
| Marathon Petroleum Corp. | 8.12% | -14.08% | 2.13% | — | — | |
| Occidental Petroleum Corp. | 8.95% | -83.28% | -3.27% | — | — | |
| Valero Energy Corp. | 0.82% | -2.19% | 2.24% | — | — | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 8.09% | -12.77% | 4.24% | — | — | |
| Net Profit Margin, Industry | ||||||
| Energy | 8.10% | -14.38% | 2.62% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to EQT Corporation ÷ Sales of natural gas, natural gas liquids and oil
= 100 × -1,155,759 ÷ 6,804,020 = -16.99%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | EQT Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Return on Equity (ROE)
EQT Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income (loss) attributable to EQT Corporation | (1,155,759) | (967,166) | (1,221,695) | (2,244,568) | 1,508,529) | |
| Common shareholders’ equity | 10,029,527) | 9,255,240) | 9,803,588) | 10,958,229) | 13,319,618) | |
| Profitability Ratio | ||||||
| ROE1 | -11.52% | -10.45% | -12.46% | -20.48% | 11.33% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 11.24% | -4.21% | 2.03% | — | — | |
| ConocoPhillips | 17.79% | -9.05% | 20.55% | — | — | |
| Exxon Mobil Corp. | 13.67% | -14.28% | 7.48% | — | — | |
| Marathon Petroleum Corp. | 37.16% | -44.26% | 7.83% | — | — | |
| Occidental Petroleum Corp. | 11.42% | -79.85% | -1.95% | — | — | |
| Valero Energy Corp. | 5.05% | -7.56% | 11.11% | — | — | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 14.29% | -15.01% | 6.26% | — | — | |
| ROE, Industry | ||||||
| Energy | 14.23% | -17.24% | 3.86% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
ROE = 100 × Net income (loss) attributable to EQT Corporation ÷ Common shareholders’ equity
= 100 × -1,155,759 ÷ 10,029,527 = -11.52%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | EQT Corp. ROE improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Return on Assets (ROA)
EQT Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income (loss) attributable to EQT Corporation | (1,155,759) | (967,166) | (1,221,695) | (2,244,568) | 1,508,529) | |
| Total assets | 21,607,388) | 18,113,469) | 18,809,227) | 20,721,344) | 29,522,604) | |
| Profitability Ratio | ||||||
| ROA1 | -5.35% | -5.34% | -6.50% | -10.83% | 5.11% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 6.52% | -2.31% | 1.23% | — | — | |
| ConocoPhillips | 8.91% | -4.31% | 10.20% | — | — | |
| Exxon Mobil Corp. | 6.80% | -6.74% | 3.95% | — | — | |
| Marathon Petroleum Corp. | 11.41% | -11.54% | 2.68% | — | — | |
| Occidental Petroleum Corp. | 3.09% | -18.52% | -0.61% | — | — | |
| Valero Energy Corp. | 1.61% | -2.74% | 4.50% | — | — | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.73% | -6.66% | 3.09% | — | — | |
| ROA, Industry | ||||||
| Energy | 6.63% | -7.52% | 1.89% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
ROA = 100 × Net income (loss) attributable to EQT Corporation ÷ Total assets
= 100 × -1,155,759 ÷ 21,607,388 = -5.35%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | EQT Corp. ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |