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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $637.9M, roughly 1.2× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs -1.0%, a 29.5% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 1.8%). AMN HEALTHCARE SERVICES INC produced more free cash flow last quarter ($67.6M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
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.
AMN vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $637.9M |
| Net Profit | $-7.7M | $181.6M |
| Gross Margin | 26.1% | 86.6% |
| Operating Margin | 1.1% | 43.3% |
| Net Margin | -1.0% | 28.5% |
| Revenue YoY | 1.8% | 24.1% |
| Net Profit YoY | 95.9% | 303.8% |
| EPS (diluted) | $-0.19 | $1.98 |
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.
| Q4 25 | $748.2M | $637.9M | ||
| Q3 25 | $634.5M | $443.1M | ||
| Q2 25 | $658.2M | $527.4M | ||
| Q1 25 | $689.5M | $734.8M | ||
| Q4 24 | $734.7M | $513.8M | ||
| Q3 24 | $687.5M | $310.0M | ||
| Q2 24 | $740.7M | $338.6M | ||
| Q1 24 | $820.9M | $558.7M |
| Q4 25 | $-7.7M | $181.6M | ||
| Q3 25 | $29.3M | $107.3M | ||
| Q2 25 | $-116.2M | $149.8M | ||
| Q1 25 | $-1.1M | $216.4M | ||
| Q4 24 | $-187.5M | $45.0M | ||
| Q3 24 | $7.0M | $-167.6M | ||
| Q2 24 | $16.2M | $-54.2M | ||
| Q1 24 | $17.3M | $166.3M |
| Q4 25 | 26.1% | 86.6% | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 29.8% | 94.7% | ||
| Q1 25 | 28.7% | 81.6% | ||
| Q4 24 | 29.8% | 87.3% | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 31.0% | 98.5% | ||
| Q1 24 | 31.4% | 81.0% |
| Q4 25 | 1.1% | 43.3% | ||
| Q3 25 | 7.5% | 40.6% | ||
| Q2 25 | -18.8% | 43.7% | ||
| Q1 25 | 1.8% | 43.2% | ||
| Q4 24 | -27.6% | 16.8% | ||
| Q3 24 | 3.2% | -63.4% | ||
| Q2 24 | 5.1% | -15.2% | ||
| Q1 24 | 4.9% | 44.9% |
| Q4 25 | -1.0% | 28.5% | ||
| Q3 25 | 4.6% | 24.2% | ||
| Q2 25 | -17.7% | 28.4% | ||
| Q1 25 | -0.2% | 29.4% | ||
| Q4 24 | -25.5% | 8.8% | ||
| Q3 24 | 1.0% | -54.1% | ||
| Q2 24 | 2.2% | -16.0% | ||
| Q1 24 | 2.1% | 29.8% |
| Q4 25 | $-0.19 | $1.98 | ||
| Q3 25 | $0.76 | $1.18 | ||
| Q2 25 | $-3.02 | $1.64 | ||
| Q1 25 | $-0.03 | $2.37 | ||
| Q4 24 | $-4.90 | $0.49 | ||
| Q3 24 | $0.18 | $-1.81 | ||
| Q2 24 | $0.42 | $-0.59 | ||
| Q1 24 | $0.45 | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $271.4M |
| Total DebtLower is stronger | $767.1M | $2.7B |
| Stockholders' EquityBook value | $642.1M | $3.6B |
| Total Assets | $2.1B | $9.2B |
| Debt / EquityLower = less leverage | 1.19× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $271.4M | ||
| Q3 25 | $52.6M | $43.2M | ||
| Q2 25 | $41.5M | $39.3M | ||
| Q1 25 | $55.8M | $40.0M | ||
| Q4 24 | $10.6M | $48.7M | ||
| Q3 24 | $30.6M | $38.2M | ||
| Q2 24 | $48.0M | $81.4M | ||
| Q1 24 | $50.6M | $50.8M |
| Q4 25 | $767.1M | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $642.1M | $3.6B | ||
| Q3 25 | $644.4M | $3.1B | ||
| Q2 25 | $607.6M | $3.0B | ||
| Q1 25 | $715.1M | $2.8B | ||
| Q4 24 | $706.6M | $-76.2M | ||
| Q3 24 | $890.7M | $-15.5M | ||
| Q2 24 | $876.9M | $5.0M | ||
| Q1 24 | $854.2M | $75.3M |
| Q4 25 | $2.1B | $9.2B | ||
| Q3 25 | $2.1B | $8.7B | ||
| Q2 25 | $2.2B | $8.4B | ||
| Q1 25 | $2.4B | $8.5B | ||
| Q4 24 | $2.4B | $8.3B | ||
| Q3 24 | $2.7B | $8.3B | ||
| Q2 24 | $2.8B | $8.5B | ||
| Q1 24 | $2.9B | $8.7B |
| Q4 25 | 1.19× | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 31.68× |
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 | $75.6M | $274.9M |
| Free Cash FlowOCF − Capex | $67.6M | $-2.7M |
| FCF MarginFCF / Revenue | 9.0% | -0.4% |
| Capex IntensityCapex / Revenue | 1.1% | 43.5% |
| Cash ConversionOCF / Net Profit | — | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $274.9M | ||
| Q3 25 | $22.7M | $237.8M | ||
| Q2 25 | $78.5M | $388.4M | ||
| Q1 25 | $92.7M | $253.8M | ||
| Q4 24 | $72.8M | $220.1M | ||
| Q3 24 | $66.7M | $197.9M | ||
| Q2 24 | $99.5M | $281.8M | ||
| Q1 24 | $81.4M | $315.3M |
| Q4 25 | $67.6M | $-2.7M | ||
| Q3 25 | $14.8M | $-47.8M | ||
| Q2 25 | $68.7M | $195.3M | ||
| Q1 25 | $82.7M | $59.9M | ||
| Q4 24 | $56.6M | $-20.3M | ||
| Q3 24 | $47.4M | $-49.1M | ||
| Q2 24 | $72.2M | $79.5M | ||
| Q1 24 | $63.2M | $80.3M |
| Q4 25 | 9.0% | -0.4% | ||
| Q3 25 | 2.3% | -10.8% | ||
| Q2 25 | 10.4% | 37.0% | ||
| Q1 25 | 12.0% | 8.2% | ||
| Q4 24 | 7.7% | -4.0% | ||
| Q3 24 | 6.9% | -15.8% | ||
| Q2 24 | 9.8% | 23.5% | ||
| Q1 24 | 7.7% | 14.4% |
| Q4 25 | 1.1% | 43.5% | ||
| Q3 25 | 1.2% | 64.4% | ||
| Q2 25 | 1.5% | 36.6% | ||
| Q1 25 | 1.4% | 26.4% | ||
| Q4 24 | 2.2% | 46.8% | ||
| Q3 24 | 2.8% | 79.7% | ||
| Q2 24 | 3.7% | 59.7% | ||
| Q1 24 | 2.2% | 42.1% |
| Q4 25 | — | 1.51× | ||
| Q3 25 | 0.77× | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 9.54× | — | ||
| Q2 24 | 6.13× | — | ||
| Q1 24 | 4.70× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
