EQT Corp (EQT) closed fiscal year 2025 with a gross margin of 82.3 % and a net margin of 23.6 %.
EQT Corp (EQT) closed fiscal year 2025 with a gross margin of 82.3 % and a net margin of 23.6 %. The same year shows an EBITDA margin of 67.7 % and an EBIT margin of 37.6 %. The free cash flow margin was 32.8 %. Against the previous year the gross margin moved +18.6 pp and the net margin +19.2 pp. Across the period the gross margin ranges between 36.5 % in 2016 and 82.5 % in 2022. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | 36.54 % | 62.32 % | 63.97 % | 60.31 % | 44.07 % | 71.46 % | 82.52 % | 68.78 % | 63.67 % | 82.28 % |
| EBITDA margin (%) | 36.81 % | 38.16 % | 42.16 % | 53.90 % | 70.41 % | 62.75 % | 69.50 % | 61.21 % | 59.08 % | 7.31 % | 43.78 % | -25.78 % | 8.75 % | 16.86 % | 4.64 % | 36.19 % | 58.57 % | 54.00 % | 67.68 % |
| EBIT margin (%) | 29.43 % | 29.48 % | 27.21 % | 34.23 % | 49.86 % | 28.29 % | 34.79 % | 34.08 % | 24.07 % | -54.43 % | 12.37 % | -59.10 % | -26.09 % | -28.69 % | -20.00 % | 22.44 % | 33.50 % | 13.00 % | 37.59 % |
| Net margin (%) | 17.31 % | 16.21 % | 11.97 % | 16.57 % | 31.42 % | 13.32 % | 20.76 % | 15.45 % | 3.64 % | -32.66 % | 48.80 % | -47.66 % | -27.66 % | -31.35 % | -16.80 % | 14.62 % | 25.12 % | 4.37 % | 23.59 % |
| FCF margin (%) | -23.53 % | -52.96 % | -18.16 % | -33.26 % | -24.19 % | 57.86 % | 55.73 % | -34.45 % | -52.02 % | 8.76 % | 2.54 % | -0.48 % | 5.64 % | 16.20 % | 8.93 % | 17.05 % | 16.79 % | 10.87 % | 32.83 % |
