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Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $321.2M, roughly 1.3× ALBANY INTERNATIONAL CORP). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 4.3%, a 31.4% gap on every dollar of revenue. On growth, ALBANY INTERNATIONAL CORP posted the faster year-over-year revenue change (12.0% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 1.2%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
AIN vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $425.9M |
| Net Profit | $13.9M | $152.0M |
| Gross Margin | 31.1% | — |
| Operating Margin | 9.3% | 81.5% |
| Net Margin | 4.3% | 35.7% |
| Revenue YoY | 12.0% | 1.7% |
| Net Profit YoY | -21.5% | — |
| EPS (diluted) | $0.56 | $1.59 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $425.9M | ||
| Q4 25 | $321.2M | $637.9M | ||
| Q3 25 | $261.4M | $443.1M | ||
| Q2 25 | $311.4M | $527.4M | ||
| Q1 25 | $288.8M | $734.8M | ||
| Q4 24 | $286.9M | $513.8M | ||
| Q3 24 | $298.4M | $310.0M | ||
| Q2 24 | $332.0M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $13.9M | $181.6M | ||
| Q3 25 | $-97.8M | $107.3M | ||
| Q2 25 | $9.2M | $149.8M | ||
| Q1 25 | $17.4M | $216.4M | ||
| Q4 24 | $17.7M | $45.0M | ||
| Q3 24 | $18.0M | $-167.6M | ||
| Q2 24 | $24.6M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | 86.6% | ||
| Q3 25 | -19.1% | — | ||
| Q2 25 | 31.3% | 94.7% | ||
| Q1 25 | 33.4% | 81.6% | ||
| Q4 24 | 31.5% | 87.3% | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 33.9% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 9.3% | 43.3% | ||
| Q3 25 | -44.6% | 40.6% | ||
| Q2 25 | 7.2% | 43.7% | ||
| Q1 25 | 9.8% | 43.2% | ||
| Q4 24 | 8.5% | 16.8% | ||
| Q3 24 | 8.4% | -63.4% | ||
| Q2 24 | 12.9% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 4.3% | 28.5% | ||
| Q3 25 | -37.4% | 24.2% | ||
| Q2 25 | 2.9% | 28.4% | ||
| Q1 25 | 6.0% | 29.4% | ||
| Q4 24 | 6.2% | 8.8% | ||
| Q3 24 | 6.0% | -54.1% | ||
| Q2 24 | 7.4% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.56 | $1.98 | ||
| Q3 25 | $-3.37 | $1.18 | ||
| Q2 25 | $0.31 | $1.64 | ||
| Q1 25 | $0.56 | $2.37 | ||
| Q4 24 | $0.57 | $0.49 | ||
| Q3 24 | $0.57 | $-1.81 | ||
| Q2 24 | $0.79 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.3M | — |
| Total DebtLower is stronger | $455.7M | $300.0M |
| Stockholders' EquityBook value | $726.2M | — |
| Total Assets | $1.7B | $9.1B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.3M | $271.4M | ||
| Q3 25 | $108.3M | $43.2M | ||
| Q2 25 | $106.7M | $39.3M | ||
| Q1 25 | $119.4M | $40.0M | ||
| Q4 24 | $115.3M | $48.7M | ||
| Q3 24 | $127.2M | $38.2M | ||
| Q2 24 | $116.4M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $455.7M | $2.7B | ||
| Q3 25 | $480.6M | $2.7B | ||
| Q2 25 | $444.7M | $2.7B | ||
| Q1 25 | $416.4M | $2.7B | ||
| Q4 24 | $318.5M | $2.7B | ||
| Q3 24 | $362.2M | $2.7B | ||
| Q2 24 | $377.1M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $726.2M | $3.6B | ||
| Q3 25 | $739.3M | $3.1B | ||
| Q2 25 | $888.6M | $3.0B | ||
| Q1 25 | $900.0M | $2.8B | ||
| Q4 24 | $943.5M | $-76.2M | ||
| Q3 24 | $991.0M | $-15.5M | ||
| Q2 24 | $967.5M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.7B | $8.7B | ||
| Q2 25 | $1.7B | $8.4B | ||
| Q1 25 | $1.7B | $8.5B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.8B | $8.3B | ||
| Q2 24 | $1.8B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 0.75× | ||
| Q3 25 | 0.65× | 0.87× | ||
| Q2 25 | 0.50× | 0.90× | ||
| Q1 25 | 0.46× | 0.99× | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | 532.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.7M | $657.3M |
| Free Cash FlowOCF − Capex | $51.4M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 6.9% | 117.0% |
| Cash ConversionOCF / Net Profit | 5.31× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $73.7M | $274.9M | ||
| Q3 25 | $43.9M | $237.8M | ||
| Q2 25 | $32.7M | $388.4M | ||
| Q1 25 | $2.1M | $253.8M | ||
| Q4 24 | $78.5M | $220.1M | ||
| Q3 24 | $47.0M | $197.9M | ||
| Q2 24 | $83.4M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $51.4M | $-2.7M | ||
| Q3 25 | $25.9M | $-47.8M | ||
| Q2 25 | $18.8M | $195.3M | ||
| Q1 25 | $-13.5M | $59.9M | ||
| Q4 24 | $60.2M | $-20.3M | ||
| Q3 24 | $31.6M | $-49.1M | ||
| Q2 24 | $63.6M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | -0.4% | ||
| Q3 25 | 9.9% | -10.8% | ||
| Q2 25 | 6.0% | 37.0% | ||
| Q1 25 | -4.7% | 8.2% | ||
| Q4 24 | 21.0% | -4.0% | ||
| Q3 24 | 10.6% | -15.8% | ||
| Q2 24 | 19.2% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 6.9% | 43.5% | ||
| Q3 25 | 6.9% | 64.4% | ||
| Q2 25 | 4.5% | 36.6% | ||
| Q1 25 | 5.4% | 26.4% | ||
| Q4 24 | 6.4% | 46.8% | ||
| Q3 24 | 5.2% | 79.7% | ||
| Q2 24 | 6.0% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 5.31× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 3.56× | 2.59× | ||
| Q1 25 | 0.12× | 1.17× | ||
| Q4 24 | 4.44× | 4.89× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 3.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
