Aureus
AExcellent

EQT Corporation(EQT)

A

Financial data as of Dec 31, 2025Improving · Energy

FCF Margin34.0%Free Cash Flow / Revenue
Cash Conversion251.4%Operating CF / Net Income
Free Cash Flow$2.8B
Revenue$8.4B
Net Cash-$7.7BNet debt position
Debt / FCF2.8xManageable debt load
Current Ratio0.76Tight short-term liquidity
YoY FCF Growth+200.0%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (34.0%, 2.8x)
→
-0.5Current ratio below 1.0 (0.76) (reduced — strong FCF covers short-term obligations)
→
+1Strong YoY FCF growth (200.0% YoY)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (34.0%)
  • Excellent cash conversion (251%)
  • Strong YoY FCF growth (+200.0%)

Concerns

  • Net debt position ($7.7B) — 2.8x FCF, manageable
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin34.0%
Net Margin24.4%
Operating CF Margin61.4%
CapEx Ratio27.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$7.7BNet debt position
Debt / FCF2.8xManageable debt load
Current Ratio0.76Tight liquidity
Debt / Equity0.33Low leverage

Quarterly FCF Trend

+200.0% YoYImproving (+200.0%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameEQT Corporation
SectorEnergy
Free Cash Flow$2.8B
Revenue$8.4B
Net Income$2.0B
Operating Cash Flow$5.1B
Capital Expenditure$2.3B
FCF Margin34.0%
Cash Conversion Rate251.4%
Net Margin24.4%
Total Debt$7.9B
Total Cash$110.8M
Net Cash-$7.7B
Current Ratio0.76
Debt / Equity0.33
Debt / FCF2.8x
YoY FCF Growth+200.0%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance