BWLP vs NGL vs TMDE Stock Comparison

Bw Lpg, NGL Energy Partners and TMD Energy Prices as of Oct 26, 2026 Peers: Industry group
BWLP BW LPG Ltd
$26.04 +7.6% 1M +109.8% 1Y
Market cap
$3.95B
P/E
13.9x
Revenue (TTM)
$2.61B
Div. yield
–
Fuel Distribution Energy
7 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
3 wins
TMDE TMD Energy Ltd
$0.58 -13.4% 1M -27.5% 1Y
Market cap
$12.96M
P/E
–
Revenue (TTM)
—
Div. yield
–
Fuel Distribution Energy

Head to Head

10 decided of 12

Bw Lpg leads on 7 of the 12 questions below (Bw Lpg 7, NGL Energy Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWLPNGLTMDELeader
Larger companyMarket capitalisation $3.95B $2.00B $12.96M BWLP
Cheaper on earningsLower P/E, profitable companies only 13.9x -5.7x -1.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.7x 12.3x — BWLP
Faster revenue growthRevenue growth, trailing twelve months -2.5% +5.8% — NGL
More profitableNet margin, trailing twelve months 10.9% -9.9% — BWLP
Better return on capitalReturn on invested capital 13.0% 4.8% — BWLP
Less leveragedLower net debt / EBITDA 0.8x 8.0x — BWLP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +109.8% +152.8% -27.5% NGL
Better 5-year returnAnnualised price return, 5 years +38.2%/yr +46.6%/yr — NGL
Less volatileAnnualised volatility, 1 year 39.4% 51.5% 219.0% BWLP
Higher overall scoreMean of the five percentile scores vs peers 61/100 36/100 — BWLP

Percentile Scorecard

BWLPNGLTMDE

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

AxisBWLPNGLTMDE
Valuation 36 #15 of 23 53 #17 of 35 73 #7 of 23
Growth 0 #19 of 19 6 #32 of 34 –
Profitability 82 #4 of 18 12 #30 of 34 –
Financial Health 87 #4 of 24 9 #32 of 35 13 #21 of 24
Shareholder Returns 100 #1 of 18 100 #1 of 31 –
Overall 61 36 –
  • BWLP ranked among 25 companies in Refining and Marketing
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • TMDE ranked among 25 companies in Refining and Marketing

Price Performance

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

Returns

PeriodBWLPNGLTMDESPY
1 month +7.6%+5.5%-13.4% -0.8%
3 months +23.6%+6.2%-28.4% +3.5%
6 months +38.7%+10.2%-50.8% +7.0%
Year to date +98.8%+59.5%+36.5% +12.2%
1 year +109.8%+152.8%-27.5% +13.0%
3 years +97.3%+285.3%— +86.3%
3 years, per year +25.4%+56.8%— +23.1%
5 years +402.7%+575.8%— +68.6%
5 years, per year +38.2%+46.6%— +11.0%
10 years +726.7%-16.3%— +258.0%
10 years, per year +23.5%-1.8%— +13.6%

Risk

MeasureBWLPNGLTMDESPY
Volatility, 1Y 39.4%51.5%219.0% 12.7%
Downside volatility, 1Y 41.1%43.1%161.5% 12.7%
Beta vs S&P 500, 1Y 0.380.36-2.12 1.00
Return / volatility, 1Y 2.792.97-0.13 1.02
Max drawdown, 5Y -61.2%-61.5%-92.9% -25.4%
From 52-week high -1.0%-16.0%-85.6% -1.8%
52-week high $26.31$18.98$4.04 $779.14
52-week low $11.99$6.35$0.41 $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.

MultipleBWLPNGLTMDE
P/E now vs peer median 13.9xmedian 9.5x -5.7xmedian 21.0x -1.5xmedian 9.5x
P/S now vs peer median 1.5xmedian 0.3x 0.6xmedian 2.7x 0.1xmedian 0.3x
EV/EBITDA now vs peer median 7.1xmedian 7.3x 12.9xmedian 11.0x —median 7.3x
P/FCF now vs peer median 5.5xmedian 9.5x 19.5xmedian 16.6x —median 9.5x
P/B now vs peer median 1.9xmedian 1.9x -8.4xmedian 2.6x 1.0xmedian 1.9x
PEG now vs peer median —median 0.35 0.09median 1.92 —median 0.35

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 monthsBWLPNGLTMDE
Revenue $2.61B $3.52B –
Gross profit – $1.04B –
Operating income $360.05M $142.60M –
Net income $504.96M -$131.86M –
Free cash flow $721.10M $101.88M –
EPS (diluted) $1.87 $-2.73 –
Cash & equivalents $303.86M $5.07M $8.41M
Total debt $3.13B $3.28B $293.09M
Shares (diluted) 151.90M 128.09M 21.36M
Enterprise value $2.93B $1.97B -$23.41M

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
MetricBWLPNGLTMDE
P/E 13.9x -5.7x -1.5x
P/FCF 5.5x 19.5x –
P/Operating cash flow 10.6x 4.9x –
P/S 1.5x 0.6x 0.1x
P/B 1.9x -8.4x 1.0x
P/Tangible book 1.9x -1.9x 1.0x
EV/EBITDA 7.1x 12.9x –
EV/EBIT 12.4x 36.9x –
EV/Revenue 1.7x 1.5x –
EV/FCF 6.2x 51.6x –
EV/Operating cash flow 12.0x 12.8x –
PEG (3Y EPS CAGR) – 0.09 –

Growth

14 metrics
MetricBWLPNGLTMDE
Revenue growth (1Y) -2.5% 5.8% –
Revenue CAGR (3Y) – -4.9% –
Gross profit growth (1Y) – 6.0% –
Gross profit CAGR (3Y) – 2.3% –
Operating income growth (1Y) 11.0% -58.6% –
Operating income CAGR (3Y) – -14.6% –
Net income growth (1Y) 86.9% -228.9% –
Net income CAGR (3Y) – -67.4% –
EPS growth (1Y) -68.3% -560.3% –
EPS CAGR (3Y) – -63.2% –
Operating cash flow growth (1Y) -32.7% 8.1% –
Operating cash flow CAGR (3Y) – -6.3% –
Free cash flow growth (1Y) -37.3% -39.9% –
Free cash flow CAGR (3Y) – -34.1% –

Profitability

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

Financial Health

11 metrics
MetricBWLPNGLTMDE
Debt / assets 24.0% 78.4% 73.7%
Debt / equity 0.4x -13.8x 6.8x
Net debt / EBITDA 0.8x 8.0x –
Debt / FCF 1.1x 32.2x –
Liabilities / assets 39.4% 105.7% 89.2%
Equity / assets 60.6% -5.7% 10.8%
Interest coverage 3.8x 0.6x –
Current ratio 1.4x 1.1x 0.8x
Quick ratio 1.1x 1.0x 0.4x
Cash ratio 0.5x 0.0x 0.1x
Altman Z-score 3.28 – –

Shareholder Returns

7 metrics
MetricBWLPNGLTMDE
Dividend yield 80.3% – –
Net buyback yield – 18.2% –
Shareholder yield 80.3% 18.2% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusBWLPNGLTMDE
Forward P/E 5.7xFY2026 12.3xFY2026 –
EPS, next fiscal year $4.57FY2026 $1.30FY2026 –
EPS growth, next FY +290.6%FY2026 – –
EPS growth, the year after -59.3% +31.5% –
Revenue, next fiscal year $1.20BFY2026 $3.82BFY2026 –
Revenue growth, next FY +69.7%FY2026 +21.0%FY2026 –
Revenue growth, the year after -31.6% -6.2% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWLPNGLTMDE
Held by institutions 16.1% 60.3% –
Institutions holding 105 88 –
Change in shares held, QoQ +18.9% +3.5% –
Institutions buying 62 25 –
Institutions selling 23 29 –
Buyers to sellers 2.70 0.86 –

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.

BWLPNGLTMDE
BWLP 1.00 0.12 0.06
NGL 0.12 1.00 0.00
TMDE 0.06 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BWLP, NGL and TMDE?

Bw Lpg (BWLP) is the largest by market capitalisation: Bw Lpg (BWLP) $3.95B, NGL Energy Partners (NGL) $2.00B, TMD Energy (TMDE) $12.96M.

Which company is growing faster?

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

Which company is more profitable?

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

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%, TMD Energy (TMDE) -27.5%. Over five years, NGL Energy Partners (NGL) compounded fastest (Bw Lpg (BWLP) +38.2%/yr, NGL Energy Partners (NGL) +46.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bw Lpg (BWLP) has been the steadiest (Bw Lpg (BWLP) 39.4%, NGL Energy Partners (NGL) 51.5%, TMD Energy (TMDE) 219.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.