I think Competence also had rather more modest goals. EQ set out with the high goal of trying to bring the upper tiers into "balance", while (and I can only speak as a low level goon here) from nearly the get go we where basically ordered to just go out enjoy the war and fight until EQ is forced to white peace. In fact here in goons we seemed completely disconnected from the larger war, I actually fought for two weeks without even knowing what alliances where on the enemy side. All I knew was that we where doing massive damage to NPL and LoSS, and lots of aid kept turning up from TOP and Umbrella, and that was good enough.
Anyway back to the point; you can say that Competence came closer to achieving its goals, but that is party because its goals where far more modest than EQ's.
To competence victory and forcing EQ to end the war seemed to be one and the same, which I think has been why so many of us see this as a victory. EQ had pretty lofty goals and I think many people are aware that even though EQ achieved a lot, it didn't achieve everything it set out to do.