BWLP vs NGL vs UGI Stock Comparison

Bw Lpg, NGL Energy Partners and Ugi 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
4 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
UGI Ugi Corp /Pa/
$39.10 +7.1% 1M +16.0% 1Y
Market cap
$8.36B
P/E
12.5x
Revenue (TTM)
$7.30B
Div. yield
0.04%
Regulated Electric Utilities Utilities
4 wins

Head to Head

11 decided of 12

Ugi leads on 4 of the 12 questions below (Ugi 4, Bw Lpg 4, NGL Energy Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWLPNGLUGILeader
Larger companyMarket capitalisation $3.95B $2.00B $8.36B UGI
Cheaper on earningsLower P/E, profitable companies only 13.9x -5.7x 12.5x UGI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.7x 12.3x 13.5x BWLP
Faster revenue growthRevenue growth, trailing twelve months -2.5% +5.8% -0.5% NGL
More profitableNet margin, trailing twelve months 10.9% -9.9% 9.2% BWLP
Better return on capitalReturn on invested capital 13.0% 4.8% 8.4% BWLP
Less leveragedLower net debt / EBITDA 0.8x 8.0x 3.8x BWLP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.04% –
Better 1-year returnPrice return, last 12 months +109.8% +152.8% +16.0% NGL
Better 5-year returnAnnualised price return, 5 years +38.2%/yr +46.6%/yr -2.1%/yr NGL
Less volatileAnnualised volatility, 1 year 39.4% 51.5% 24.6% UGI
Higher overall scoreMean of the five percentile scores vs peers 61/100 36/100 73/100 UGI

Percentile Scorecard

BWLPNGLUGI

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

AxisBWLPNGLUGI
Valuation 36 #15 of 23 53 #17 of 35 94 #5 of 67
Growth 0 #19 of 19 6 #32 of 34 75 #17 of 65
Profitability 82 #4 of 18 12 #30 of 34 46 #35 of 64
Financial Health 87 #4 of 24 9 #32 of 35 81 #13 of 64
Shareholder Returns 100 #1 of 18 100 #1 of 31 70 #21 of 67
Overall 61 36 73
  • BWLP ranked among 25 companies in Refining and Marketing
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • UGI ranked among 67 companies in Regulated Utilities

Price Performance

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

Returns

PeriodBWLPNGLUGISPY
1 month +7.6%+5.5%+7.1% -0.8%
3 months +23.6%+6.2%+6.0% +3.5%
6 months +38.7%+10.2%+5.0% +7.0%
Year to date +98.8%+59.5%+4.5% +12.2%
1 year +109.8%+152.8%+16.0% +13.0%
3 years +97.3%+285.3%+88.9% +86.3%
3 years, per year +25.4%+56.8%+23.6% +23.1%
5 years +402.7%+575.8%-10.0% +68.6%
5 years, per year +38.2%+46.6%-2.1% +11.0%
10 years +726.7%-16.3%-14.3% +258.0%
10 years, per year +23.5%-1.8%-1.5% +13.6%

Risk

MeasureBWLPNGLUGISPY
Volatility, 1Y 39.4%51.5%24.6% 12.7%
Downside volatility, 1Y 41.1%43.1%24.8% 12.7%
Beta vs S&P 500, 1Y 0.380.36-0.01 1.00
Return / volatility, 1Y 2.792.970.65 1.02
Max drawdown, 5Y -61.2%-61.5%-56.3% -25.4%
From 52-week high -1.0%-16.0%-3.8% -1.8%
52-week high $26.31$18.98$40.63 $779.14
52-week low $11.99$6.35$32.32 $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.

MultipleBWLPNGLUGI
P/E now vs peer median 13.9xmedian 9.5x -5.7xmedian 21.0x 12.5xmedian 20.8x
P/S now vs peer median 1.5xmedian 0.3x 0.6xmedian 2.7x 1.1xmedian 2.9x
EV/EBITDA now vs peer median 7.1xmedian 7.3x 12.9xmedian 11.0x 8.6xmedian 13.1x
P/FCF now vs peer median 5.5xmedian 9.5x 19.5xmedian 16.6x 44.8xmedian 36.7x
P/B now vs peer median 1.9xmedian 1.9x -8.4xmedian 2.6x 1.6xmedian 1.7x
PEG now vs peer median —median 0.35 0.09median 1.92 0.36median 2.23

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 monthsBWLPNGLUGI
Revenue $2.61B $3.52B $7.30B
Gross profit – $1.04B $3.75B
Operating income $360.05M $142.60M $1.18B
Net income $504.96M -$131.86M $671.00M
Free cash flow $721.10M $101.88M $187.00M
EPS (diluted) $1.87 $-2.73 $3.13
Cash & equivalents $303.86M $5.07M $476.00M
Total debt $3.13B $3.28B $28.26B
Shares (diluted) 151.90M 128.09M 214.69M
Enterprise value $2.93B $1.97B $6.80B

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
MetricBWLPNGLUGI
P/E 13.9x -5.7x 12.5x
P/FCF 5.5x 19.5x 44.8x
P/Operating cash flow 10.6x 4.9x 7.9x
P/S 1.5x 0.6x 1.1x
P/B 1.9x -8.4x 1.6x
P/Tangible book 1.9x -1.9x 1.7x
EV/EBITDA 7.1x 12.9x 8.6x
EV/EBIT 12.4x 36.9x 12.7x
EV/Revenue 1.7x 1.5x 2.1x
EV/FCF 6.2x 51.6x 80.0x
EV/Operating cash flow 12.0x 12.8x 14.1x
PEG (3Y EPS CAGR) – 0.09 0.36

Growth

14 metrics
MetricBWLPNGLUGI
Revenue growth (1Y) -2.5% 5.8% -0.5%
Revenue CAGR (3Y) – -4.9% -8.3%
Gross profit growth (1Y) – 6.0% 3.7%
Gross profit CAGR (3Y) – 2.3% 21.7%
Operating income growth (1Y) 11.0% -58.6% 39.3%
Operating income CAGR (3Y) – -14.6% 41.9%
Net income growth (1Y) 86.9% -228.9% 60.5%
Net income CAGR (3Y) – -67.4% 35.4%
EPS growth (1Y) -68.3% -560.3% 60.6%
EPS CAGR (3Y) – -63.2% 35.2%
Operating cash flow growth (1Y) -32.7% 8.1% -17.5%
Operating cash flow CAGR (3Y) – -6.3% 13.6%
Free cash flow growth (1Y) -37.3% -39.9% -57.8%
Free cash flow CAGR (3Y) – -34.1% 43.3%

Profitability

14 metrics
MetricBWLPNGLUGI
Gross margin – 29.5% 51.3%
EBITDA margin 24.0% 11.6% 23.9%
Operating margin 13.8% 4.0% 16.2%
Pretax margin 13.1% -3.7% 10.5%
Net margin 10.9% -9.9% 9.2%
FCF margin 27.6% 2.9% 2.6%
Operating cash flow margin 14.2% 11.6% 14.6%
Return on equity 24.8% – 12.6%
Return on assets 15.0% -3.1% 4.2%
Return on invested capital 13.0% 4.8% 8.4%
Return on capital employed 13.4% 4.0% 8.3%
Asset turnover 0.8x 0.8x 0.5x
Cash conversion (OCF / net income) 0.7x -3.1x 1.6x
Stock comp / revenue 0.0% 0.1% –

Financial Health

11 metrics
MetricBWLPNGLUGI
Debt / assets 24.0% 78.4% 45.1%
Debt / equity 0.4x -13.8x 1.3x
Net debt / EBITDA 0.8x 8.0x 3.8x
Debt / FCF 1.1x 32.2x 37.7x
Liabilities / assets 39.4% 105.7% 66.6%
Equity / assets 60.6% -5.7% 33.4%
Interest coverage 3.8x 0.6x 2.7x
Current ratio 1.4x 1.1x 1.4x
Quick ratio 1.1x 1.0x 0.8x
Cash ratio 0.5x 0.0x 0.3x
Altman Z-score 3.28 – 1.59

Shareholder Returns

7 metrics
MetricBWLPNGLUGI
Dividend yield 80.3% – 3.9%
Net buyback yield – 18.2% 0.3%
Shareholder yield 80.3% 18.2% 4.1%
Payout ratio (earnings) – – 48.0%
Payout ratio (FCF) – – 172.2%
Dividend growth (1Y) – – 0.3%
Dividend CAGR (3Y) – – 1.7%

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.

ConsensusBWLPNGLUGI
Forward P/E 5.7xFY2026 12.3xFY2026 13.5xFY2026
EPS, next fiscal year $4.57FY2026 $1.30FY2026 $2.89FY2026
EPS growth, next FY +290.6%FY2026 – -13.0%FY2026
EPS growth, the year after -59.3% +31.5% +16.3%
Revenue, next fiscal year $1.20BFY2026 $3.82BFY2026 $7.13BFY2026
Revenue growth, next FY +69.7%FY2026 +21.0%FY2026 -2.2%FY2026
Revenue growth, the year after -31.6% -6.2% +15.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWLPNGLUGI
Held by institutions 16.1% 60.3% 94.7%
Institutions holding 105 88 620
Change in shares held, QoQ +18.9% +3.5% +4.8%
Institutions buying 62 25 350
Institutions selling 23 29 168
Buyers to sellers 2.70 0.86 2.08

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.

BWLPNGLUGI
BWLP 1.00 0.12 0.02
NGL 0.12 1.00 0.07
UGI 0.02 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BWLP, NGL and UGI?

Ugi (UGI) is the largest by market capitalisation: Bw Lpg (BWLP) $3.95B, NGL Energy Partners (NGL) $2.00B, Ugi (UGI) $8.36B.

Which stock is cheaper, BWLP, NGL and UGI?

Ugi (UGI) trades on the lowest price-to-earnings ratio (Bw Lpg (BWLP) 13.9x, NGL Energy Partners (NGL) -5.7x, Ugi (UGI) 12.5x). On next year's consensus earnings, Bw Lpg (BWLP) is cheapest (Bw Lpg (BWLP) 5.7x, NGL Energy Partners (NGL) 12.3x, Ugi (UGI) 13.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

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%, Ugi (UGI) -0.5%.

Which company is more profitable?

Bw Lpg (BWLP) has the highest net margin (Bw Lpg (BWLP) 10.9%, NGL Energy Partners (NGL) -9.9%, Ugi (UGI) 9.2%). On return on invested capital, Bw Lpg (BWLP) leads (Bw Lpg (BWLP) 13.0%, NGL Energy Partners (NGL) 4.8%, Ugi (UGI) 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%, Ugi (UGI) +16.0%. Over five years, NGL Energy Partners (NGL) compounded fastest (Bw Lpg (BWLP) +38.2%/yr, NGL Energy Partners (NGL) +46.6%/yr, Ugi (UGI) -2.1%/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%, Ugi (UGI) 0.04%. Bw Lpg (BWLP) and NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ugi (UGI) has been the steadiest (Bw Lpg (BWLP) 39.4%, NGL Energy Partners (NGL) 51.5%, Ugi (UGI) 24.6%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ugi (UGI) leads on 4. 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.