BWLP vs NGL Stock Comparison

Bw Lpg and NGL Energy Partners Prices as of Oct 26, 2026 Peers: Industry group
BWLP BW LPG Ltd
$26.04 +7.6% 1M +109.8% 1Y
Market cap
$3.94B
P/E
13.9x
Revenue (TTM)
$2.61B
Div. yield
80.34%
Fuel Distribution Energy
7 wins
NGL NGL Energy Partners LP
$15.95 +5.5% 1M +152.8% 1Y
Market cap
$1.99B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
3 wins

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.

QuestionBWLPNGLLeader
Larger companyMarket capitalisation $3.94B $1.99B BWLP
Cheaper on earningsLower P/E, profitable companies only 13.9x -5.7x –
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 80.34% 0.00% –
Better 1-year returnPrice return, last 12 months +109.8% +152.8% 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% BWLP
Higher overall scoreMean of the five percentile scores vs peers 70/100 45/100 BWLP

Percentile Scorecard

BWLPNGL

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

AxisBWLPNGL
Valuation 74 #26 of 98 55 #6 of 12
Growth 31 #62 of 89 30 #8 of 11
Profitability 79 #18 of 80 30 #8 of 11
Financial Health 66 #35 of 102 9 #11 of 12
Shareholder Returns 100 #1 of 62 100 #1 of 8
Overall 70 45
  • BWLP ranked among 106 companies in Energy
  • NGL ranked among 12 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodBWLPNGLSPY
1 month +7.6%+5.5% -0.8%
3 months +23.6%+6.2% +3.5%
6 months +38.7%+10.2% +7.0%
Year to date +98.8%+59.5% +12.2%
1 year +109.8%+152.8% +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

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

MultipleBWLPNGL
P/E now vs peer median 13.9xmedian 15.7x -5.7xmedian 17.3x
P/S now vs peer median 1.5xmedian 2.1x 0.6xmedian 3.5x
EV/EBITDA now vs peer median 7.1xmedian 6.9x 12.9xmedian 10.9x
P/FCF now vs peer median 5.5xmedian 9.4x 19.5xmedian 13.6x
P/B now vs peer median 1.9xmedian 1.5x -8.4xmedian 2.1x
PEG now vs peer median —median 0.93 0.09median 1.88

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 monthsBWLPNGL
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
Total debt $3.13B $3.28B
Shares (diluted) 151.90M 128.09M
Enterprise value $3.06B $1.96B

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
MetricBWLPNGL
P/E 13.9x -5.7x
P/FCF 5.5x 19.5x
P/Operating cash flow 10.6x 4.9x
P/S 1.5x 0.6x
P/B 1.9x -8.4x
P/Tangible book 1.9x -1.9x
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
MetricBWLPNGL
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
MetricBWLPNGL
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
MetricBWLPNGL
Debt / assets 24.0% 78.4%
Debt / equity 0.4x -13.8x
Net debt / EBITDA 0.8x 8.0x
Debt / FCF 1.1x 32.2x
Liabilities / assets 39.4% 105.7%
Equity / assets 60.6% -5.7%
Interest coverage 3.8x 0.6x
Current ratio 1.4x 1.1x
Quick ratio 1.1x 1.0x
Cash ratio 0.5x 0.0x
Altman Z-score 3.28 –

Shareholder Returns

7 metrics
MetricBWLPNGL
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.

ConsensusBWLPNGL
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
HoldersBWLPNGL
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.

BWLPNGL
BWLP 1.00 0.12
NGL 0.12 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BWLP and NGL?

Bw Lpg (BWLP) is the largest by market capitalisation: Bw Lpg (BWLP) $3.94B, NGL Energy Partners (NGL) $1.99B.

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%. 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 pays a higher dividend?

Only one of these companies pays a dividend: Bw Lpg (BWLP) 80.34%, NGL Energy Partners (NGL) 0.00%. NGL Energy Partners (NGL) pays no regular dividend.

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%). Volatility measures how widely the price swings, not the risk of the business.

Do BWLP and NGL move together?

Their daily returns over the past year have a correlation of 0.12, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BWLP and NGL?

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.