BWLP vs NGL vs ET Stock Comparison

Bw Lpg, NGL Energy Partners and Energy Transfer Prices as of Oct 26, 2026 Peers: Industry group
BWLP BW LPG Ltd
$26.04 +7.6% 1M +109.8% 1Y
Market cap
$3.91B
P/E
13.8x
Revenue (TTM)
$2.61B
Div. yield
–
Fuel Distribution Energy
5 wins
NGL NGL Energy Partners LP
$15.95 +5.5% 1M +152.8% 1Y
Market cap
$2.00B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
2 wins
ET Energy Transfer LP
$20.61 +2.0% 1M +23.2% 1Y
Market cap
$70.94B
P/E
14.1x
Revenue (TTM)
$107.38B
Div. yield
0.07%
Oil and Gas Pipelines Energy
4 wins

Head to Head

11 decided of 12

Bw Lpg leads on 5 of the 12 questions below (Bw Lpg 5, Energy Transfer 4, NGL Energy Partners 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWLPNGLETLeader
Larger companyMarket capitalisation $3.91B $2.00B $70.94B ET
Cheaper on earningsLower P/E, profitable companies only 13.8x -5.7x 14.1x BWLP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.7x 12.3x 11.5x BWLP
Faster revenue growthRevenue growth, trailing twelve months -2.5% +5.8% +33.3% ET
More profitableNet margin, trailing twelve months 10.9% -9.9% 4.7% BWLP
Better return on capitalReturn on invested capital 13.0% 4.8% 8.4% BWLP
Less leveragedLower net debt / EBITDA 0.8x 8.0x 4.0x BWLP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.07% –
Better 1-year returnPrice return, last 12 months +109.8% +152.8% +23.2% NGL
Better 5-year returnAnnualised price return, 5 years +38.2%/yr +46.6%/yr +16.2%/yr NGL
Less volatileAnnualised volatility, 1 year 39.4% 51.5% 17.5% ET
Higher overall scoreMean of the five percentile scores vs peers 61/100 36/100 63/100 ET

Percentile Scorecard

BWLPNGLET

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBWLPNGLET
Valuation 36 #15 of 23 53 #17 of 35 94 #3 of 35
Growth 0 #19 of 19 6 #32 of 34 61 #14 of 34
Profitability 82 #4 of 18 12 #30 of 34 30 #24 of 34
Financial Health 87 #4 of 24 9 #32 of 35 59 #15 of 35
Shareholder Returns 100 #1 of 18 100 #1 of 31 70 #10 of 31
Overall 61 36 63
  • BWLP ranked among 25 companies in Refining and Marketing
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • ET ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBWLPNGLETSPY
1 month +7.6%+5.5%+2.0% -0.8%
3 months +23.6%+6.2%+3.5% +3.5%
6 months +38.7%+10.2%+8.2% +7.0%
Year to date +98.8%+59.5%+25.0% +12.2%
1 year +109.8%+152.8%+23.2% +13.0%
3 years +97.3%+285.3%+57.2% +86.3%
3 years, per year +25.4%+56.8%+16.3% +23.1%
5 years +402.7%+575.8%+111.8% +68.6%
5 years, per year +38.2%+46.6%+16.2% +11.0%
10 years +726.7%-16.3%+30.9% +258.0%
10 years, per year +23.5%-1.8%+2.7% +13.6%

Risk

MeasureBWLPNGLETSPY
Volatility, 1Y 39.4%51.5%17.5% 12.7%
Downside volatility, 1Y 41.1%43.1%16.6% 12.7%
Beta vs S&P 500, 1Y 0.380.36-0.21 1.00
Return / volatility, 1Y 2.792.971.33 1.02
Max drawdown, 5Y -61.2%-61.5%-25.8% -25.4%
From 52-week high -1.0%-16.0%-5.2% -1.8%
52-week high $26.31$18.98$21.74 $779.14
52-week low $11.99$6.35$16.21 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBWLPNGLET
P/E now vs peer median 13.9xmedian 9.5x -5.7xmedian 21.0x 14.1xmedian 21.0x
P/S now vs peer median 1.5xmedian 0.3x 0.6xmedian 2.7x 0.7xmedian 2.7x
EV/EBITDA now vs peer median 7.1xmedian 7.3x 12.9xmedian 11.0x 8.2xmedian 11.0x
P/FCF now vs peer median 5.5xmedian 9.5x 19.5xmedian 16.6x 13.6xmedian 16.6x
P/B now vs peer median 1.9xmedian 1.9x -8.4xmedian 2.6x 1.4xmedian 2.6x
PEG now vs peer median —median 0.35 0.09median 1.92 2.01median 1.92

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBWLPNGLET
Revenue $2.61B $3.52B $107.38B
Gross profit – $1.04B $25.32B
Operating income $360.05M $142.60M $10.78B
Net income $504.96M -$131.86M $7.04B
Free cash flow $721.10M $101.88M $5.22B
EPS (diluted) $1.87 $-2.73 $1.46
Cash & equivalents $303.86M $5.07M $1.02B
Total debt $3.13B $3.28B $68.41B
Shares (diluted) 151.90M 128.09M 3.46B
Enterprise value $2.90B $1.97B $64.13B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBWLPNGLET
P/E 13.9x -5.7x 14.1x
P/FCF 5.5x 19.5x 13.6x
P/Operating cash flow 10.6x 4.9x 5.9x
P/S 1.5x 0.6x 0.7x
P/B 1.9x -8.4x 1.4x
P/Tangible book 1.9x -1.9x 1.6x
EV/EBITDA 7.1x 12.9x 8.2x
EV/EBIT 12.4x 36.9x 12.8x
EV/Revenue 1.7x 1.5x 1.3x
EV/FCF 6.2x 51.6x 26.5x
EV/Operating cash flow 12.0x 12.8x 11.4x
PEG (3Y EPS CAGR) – 0.09 2.01

Growth

14 metrics
MetricBWLPNGLET
Revenue growth (1Y) -2.5% 5.8% 33.3%
Revenue CAGR (3Y) – -4.9% 10.0%
Gross profit growth (1Y) – 6.0% 18.9%
Gross profit CAGR (3Y) – 2.3% 13.2%
Operating income growth (1Y) 11.0% -58.6% 16.5%
Operating income CAGR (3Y) – -14.6% 12.0%
Net income growth (1Y) 86.9% -228.9% 16.1%
Net income CAGR (3Y) – -67.4% 9.0%
EPS growth (1Y) -68.3% -560.3% 12.6%
EPS CAGR (3Y) – -63.2% 7.0%
Operating cash flow growth (1Y) -32.7% 8.1% 8.8%
Operating cash flow CAGR (3Y) – -6.3% 5.9%
Free cash flow growth (1Y) -37.3% -39.9% -8.5%
Free cash flow CAGR (3Y) – -34.1% -7.3%

Profitability

14 metrics
MetricBWLPNGLET
Gross margin – 29.5% 23.6%
EBITDA margin 24.0% 11.6% 15.7%
Operating margin 13.8% 4.0% 10.0%
Pretax margin 13.1% -3.7% 7.1%
Net margin 10.9% -9.9% 4.7%
FCF margin 27.6% 2.9% 4.9%
Operating cash flow margin 14.2% 11.6% 11.3%
Return on equity 24.8% – 14.0%
Return on assets 15.0% -3.1% 4.8%
Return on invested capital 13.0% 4.8% 8.4%
Return on capital employed 13.4% 4.0% 8.4%
Asset turnover 0.8x 0.8x 0.7x
Cash conversion (OCF / net income) 0.7x -3.1x 1.7x
Stock comp / revenue 0.0% 0.1% 0.2%

Financial Health

11 metrics
MetricBWLPNGLET
Debt / assets 24.0% 78.4% 46.2%
Debt / equity 0.4x -13.8x 1.4x
Net debt / EBITDA 0.8x 8.0x 4.0x
Debt / FCF 1.1x 32.2x 13.1x
Liabilities / assets 39.4% 105.7% 65.9%
Equity / assets 60.6% -5.7% 34.1%
Interest coverage 3.8x 0.6x 2.9x
Current ratio 1.4x 1.1x 1.2x
Quick ratio 1.1x 1.0x 0.9x
Cash ratio 0.5x 0.0x 0.1x
Altman Z-score 3.28 – –

Shareholder Returns

7 metrics
MetricBWLPNGLET
Dividend yield 80.3% – 6.5%
Net buyback yield – 18.2% –
Shareholder yield 80.3% 18.2% 6.5%
Payout ratio (earnings) – – 67.9%
Payout ratio (FCF) – – 91.6%
Dividend growth (1Y) – – 2.9%
Dividend CAGR (3Y) – – 8.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBWLPNGLET
Forward P/E 5.7xFY2026 12.3xFY2026 11.5xFY2026
EPS, next fiscal year $4.57FY2026 $1.30FY2026 $1.80FY2026
EPS growth, next FY +290.6%FY2026 – +48.8%FY2026
EPS growth, the year after -59.3% +31.5% -9.4%
Revenue, next fiscal year $1.20BFY2026 $3.82BFY2026 $124.23BFY2026
Revenue growth, next FY +69.7%FY2026 +21.0%FY2026 +45.2%FY2026
Revenue growth, the year after -31.6% -6.2% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWLPNGLET
Held by institutions 16.1% 60.3% 31.4%
Institutions holding 105 88 1,279
Change in shares held, QoQ +18.9% +3.5% +1.9%
Institutions buying 62 25 628
Institutions selling 23 29 340
Buyers to sellers 2.70 0.86 1.85

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BWLPNGLET
BWLP 1.00 0.12 0.17
NGL 0.12 1.00 0.26
ET 0.17 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BWLP, NGL and ET?

Energy Transfer (ET) is the largest by market capitalisation: Bw Lpg (BWLP) $3.91B, NGL Energy Partners (NGL) $2.00B, Energy Transfer (ET) $70.94B.

Which stock is cheaper, BWLP, NGL and ET?

Bw Lpg (BWLP) trades on the lowest price-to-earnings ratio (Bw Lpg (BWLP) 13.8x, NGL Energy Partners (NGL) -5.7x, Energy Transfer (ET) 14.1x). On next year's consensus earnings, Bw Lpg (BWLP) is cheapest (Bw Lpg (BWLP) 5.7x, NGL Energy Partners (NGL) 12.3x, Energy Transfer (ET) 11.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Energy Transfer (ET) grew revenue fastest over the trailing twelve months: Bw Lpg (BWLP) -2.5%, NGL Energy Partners (NGL) +5.8%, Energy Transfer (ET) +33.3%.

Which company is more profitable?

Bw Lpg (BWLP) has the highest net margin (Bw Lpg (BWLP) 10.9%, NGL Energy Partners (NGL) -9.9%, Energy Transfer (ET) 4.7%). On return on invested capital, Bw Lpg (BWLP) leads (Bw Lpg (BWLP) 13.0%, NGL Energy Partners (NGL) 4.8%, Energy Transfer (ET) 8.4%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: Bw Lpg (BWLP) +109.8%, NGL Energy Partners (NGL) +152.8%, Energy Transfer (ET) +23.2%. Over five years, NGL Energy Partners (NGL) compounded fastest (Bw Lpg (BWLP) +38.2%/yr, NGL Energy Partners (NGL) +46.6%/yr, Energy Transfer (ET) +16.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bw Lpg (BWLP) 0.00%, NGL Energy Partners (NGL) 0.00%, Energy Transfer (ET) 0.07%. Bw Lpg (BWLP) and NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Energy Transfer (ET) has been the steadiest (Bw Lpg (BWLP) 39.4%, NGL Energy Partners (NGL) 51.5%, Energy Transfer (ET) 17.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BWLP, NGL and ET?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bw Lpg (BWLP) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.