BW vs. EQT
BW (Babcock & Wilcox Enterprises, Inc.) and EQT (EQT Corporation) are both stocks. BW operates in Specialty Industrial Machinery (Industrials), while EQT operates in Oil & Gas E&P (Energy). Over the past 10 years, BW returned -21.20%/yr vs 3.10%/yr for EQT. At a 0.20 correlation, their price movements are largely independent.
Performance
BW vs. EQT - Performance Comparison
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Returns By Period
In the year-to-date period, BW achieves a 187.39% return, which is significantly higher than EQT's -2.74% return. Over the past 10 years, BW has underperformed EQT with an annualized return of -21.20%, while EQT has yielded a comparatively higher 3.10% annualized return.
BW
- 1D
- 2.19%
- 1M
- -4.31%
- YTD
- 187.39%
- 6M
- 269.58%
- 1Y
- 1,774.13%
- 3Y*
- 42.17%
- 5Y*
- 18.92%
- 10Y*
- -21.20%
EQT
- 1D
- 2.21%
- 1M
- -10.50%
- YTD
- -2.74%
- 6M
- -2.56%
- 1Y
- -13.22%
- 3Y*
- 11.35%
- 5Y*
- 21.84%
- 10Y*
- 3.10%
BW vs. EQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BW Babcock & Wilcox Enterprises, Inc. | 187.39% | 286.59% | 12.33% | -74.70% | -36.03% | 156.98% | -3.57% | -6.76% | -93.13% | -65.76% |
EQT EQT Corporation | -2.74% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -12.80% |
Correlation
The correlation between BW and EQT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015 | 0.20 |
The correlation between BW and EQT shifts across timeframes, from 0.06 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BW:
$2.38B
EQT:
$32.41B
BW:
-$0.83
EQT:
$5.40
BW:
3.04
EQT:
3.20
BW:
$668.48M
EQT:
$10.03B
BW:
$121.68M
EQT:
$6.43B
BW:
-$41.40M
EQT:
$7.48B
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Return for Risk
BW vs. EQT — Risk / Return Rank
BW
EQT
BW vs. EQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Babcock & Wilcox Enterprises, Inc. (BW) and EQT Corporation (EQT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BW | EQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.65 | ||
| Sortino ratioReturn per unit of downside risk | +6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 0.95 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 53.28 | -0.53 | +53.80 |
| Martin ratioReturn relative to average drawdown | 141.54 | -1.11 | +142.65 |
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Drawdowns
BW vs. EQT - Drawdown Comparison
The maximum BW drawdown since its inception was -99.89%, which is greater than EQT's maximum drawdown of -91.51%. Use the drawdown chart below to compare losses from any high point for BW and EQT.
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Drawdown Indicators
| BW | EQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.89% | -91.51% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -33.71% | -25.12% | -8.59% |
Max Drawdown (3Y)Largest decline over 3 years | -95.93% | -31.62% | -64.31% |
Max Drawdown (5Y)Largest decline over 5 years | -97.39% | -42.56% | -54.83% |
Max Drawdown (10Y)Largest decline over 10 years | -99.87% | -88.28% | -11.59% |
Current DrawdownCurrent decline from peak | -92.30% | -23.47% | -68.83% |
Average DrawdownAverage peak-to-trough decline | -82.81% | -23.34% | -59.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 11.98% | +0.69% |
Volatility
BW vs. EQT - Volatility Comparison
Babcock & Wilcox Enterprises, Inc. (BW) has a higher volatility of 24.76% compared to EQT Corporation (EQT) at 6.72%. This indicates that BW's price experiences larger fluctuations and is considered to be riskier than EQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BW | EQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.76% | 6.72% | +18.04% |
Volatility (6M)Calculated over the trailing 6-month period | 87.47% | 20.90% | +66.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.43% | 32.43% | +94.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.23% | 42.63% | +67.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.31% | 48.94% | +59.37% |
Dividends
BW vs. EQT - Dividend Comparison
BW's dividend yield for the trailing twelve months is around 2.29%, more than EQT's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BW Babcock & Wilcox Enterprises, Inc. | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQT EQT Corporation | 1.26% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
Financials
BW vs. EQT - Financials Comparison
This section allows you to compare key financial metrics between Babcock & Wilcox Enterprises, Inc. and EQT Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BW vs. EQT - Profitability Comparison
BW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a gross profit of 0.00 and revenue of 214.41M. Therefore, the gross margin over that period was 0.0%.
EQT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a gross profit of 3.32B and revenue of 3.38B. Therefore, the gross margin over that period was 98.4%.
BW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported an operating income of -79.62M and revenue of 214.41M, resulting in an operating margin of -37.1%.
EQT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported an operating income of 2.04B and revenue of 3.38B, resulting in an operating margin of 60.3%.
BW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Babcock & Wilcox Enterprises, Inc. reported a net income of -80.66M and revenue of 214.41M, resulting in a net margin of -37.6%.
EQT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a net income of 1.55B and revenue of 3.38B, resulting in a net margin of 46.0%.
Frequently Asked Questions
BW and EQT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BW has higher volatility (24.76%) compared to EQT (6.72%). In terms of maximum drawdown, BW dropped -99.89% vs EQT's -91.51%.
BW currently has the higher Sharpe Ratio (14.23 vs -0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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