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Side-by-side financial comparison of Arhaus, Inc. (ARHS) 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 ($637.9M vs $364.8M, roughly 1.7× Arhaus, Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 4.1%, a 24.3% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 5.1%). NATIONAL FUEL GAS CO produced more free cash flow last quarter ($-2.7M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 6.9%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $637.9M |
| Net Profit | $15.1M | $181.6M |
| Gross Margin | 38.1% | 86.6% |
| Operating Margin | 5.6% | 43.3% |
| Net Margin | 4.1% | 28.5% |
| Revenue YoY | 5.1% | 24.1% |
| Net Profit YoY | -29.1% | 303.8% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $637.9M | ||
| Q3 25 | $344.6M | $443.1M | ||
| Q2 25 | $358.4M | $527.4M | ||
| Q1 25 | $311.4M | $734.8M | ||
| Q4 24 | $347.0M | $513.8M | ||
| Q3 24 | $319.1M | $310.0M | ||
| Q2 24 | $309.8M | $338.6M | ||
| Q1 24 | $295.2M | $558.7M |
| Q4 25 | $15.1M | $181.6M | ||
| Q3 25 | $12.2M | $107.3M | ||
| Q2 25 | $35.1M | $149.8M | ||
| Q1 25 | $4.9M | $216.4M | ||
| Q4 24 | $21.3M | $45.0M | ||
| Q3 24 | $9.9M | $-167.6M | ||
| Q2 24 | $22.2M | $-54.2M | ||
| Q1 24 | $15.1M | $166.3M |
| Q4 25 | 38.1% | 86.6% | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | 94.7% | ||
| Q1 25 | 37.1% | 81.6% | ||
| Q4 24 | 40.0% | 87.3% | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | 98.5% | ||
| Q1 24 | 39.0% | 81.0% |
| Q4 25 | 5.6% | 43.3% | ||
| Q3 25 | 4.8% | 40.6% | ||
| Q2 25 | 13.0% | 43.7% | ||
| Q1 25 | 1.7% | 43.2% | ||
| Q4 24 | 8.2% | 16.8% | ||
| Q3 24 | 3.3% | -63.4% | ||
| Q2 24 | 9.5% | -15.2% | ||
| Q1 24 | 6.2% | 44.9% |
| Q4 25 | 4.1% | 28.5% | ||
| Q3 25 | 3.5% | 24.2% | ||
| Q2 25 | 9.8% | 28.4% | ||
| Q1 25 | 1.6% | 29.4% | ||
| Q4 24 | 6.1% | 8.8% | ||
| Q3 24 | 3.1% | -54.1% | ||
| Q2 24 | 7.2% | -16.0% | ||
| Q1 24 | 5.1% | 29.8% |
| Q4 25 | $0.11 | $1.98 | ||
| Q3 25 | $0.09 | $1.18 | ||
| Q2 25 | $0.25 | $1.64 | ||
| Q1 25 | $0.03 | $2.37 | ||
| Q4 24 | $0.15 | $0.49 | ||
| Q3 24 | $0.07 | $-1.81 | ||
| Q2 24 | $0.16 | $-0.59 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $271.4M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $418.2M | $3.6B |
| Total Assets | $1.4B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $271.4M | ||
| Q3 25 | $262.2M | $43.2M | ||
| Q2 25 | $234.8M | $39.3M | ||
| Q1 25 | $214.4M | $40.0M | ||
| Q4 24 | $197.5M | $48.7M | ||
| Q3 24 | $177.7M | $38.2M | ||
| Q2 24 | $174.2M | $81.4M | ||
| Q1 24 | $233.2M | $50.8M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $418.2M | $3.6B | ||
| Q3 25 | $400.4M | $3.1B | ||
| Q2 25 | $385.6M | $3.0B | ||
| Q1 25 | $348.8M | $2.8B | ||
| Q4 24 | $343.7M | $-76.2M | ||
| Q3 24 | $320.6M | $-15.5M | ||
| Q2 24 | $309.3M | $5.0M | ||
| Q1 24 | $285.6M | $75.3M |
| Q4 25 | $1.4B | $9.2B | ||
| Q3 25 | $1.4B | $8.7B | ||
| Q2 25 | $1.3B | $8.4B | ||
| Q1 25 | $1.3B | $8.5B | ||
| Q4 24 | $1.2B | $8.3B | ||
| Q3 24 | $1.2B | $8.3B | ||
| Q2 24 | $1.2B | $8.5B | ||
| Q1 24 | $1.2B | $8.7B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| 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 | $9.3M | $274.9M |
| Free Cash FlowOCF − Capex | $-8.8M | $-2.7M |
| FCF MarginFCF / Revenue | -2.4% | -0.4% |
| Capex IntensityCapex / Revenue | 5.0% | 43.5% |
| Cash ConversionOCF / Net Profit | 0.62× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $274.9M | ||
| Q3 25 | $46.1M | $237.8M | ||
| Q2 25 | $34.9M | $388.4M | ||
| Q1 25 | $46.5M | $253.8M | ||
| Q4 24 | $31.7M | $220.1M | ||
| Q3 24 | $31.1M | $197.9M | ||
| Q2 24 | $47.5M | $281.8M | ||
| Q1 24 | $36.8M | $315.3M |
| Q4 25 | $-8.8M | $-2.7M | ||
| Q3 25 | $28.0M | $-47.8M | ||
| Q2 25 | $20.9M | $195.3M | ||
| Q1 25 | $18.9M | $59.9M | ||
| Q4 24 | $13.0M | $-20.3M | ||
| Q3 24 | $4.6M | $-49.1M | ||
| Q2 24 | $11.3M | $79.5M | ||
| Q1 24 | $10.9M | $80.3M |
| Q4 25 | -2.4% | -0.4% | ||
| Q3 25 | 8.1% | -10.8% | ||
| Q2 25 | 5.8% | 37.0% | ||
| Q1 25 | 6.1% | 8.2% | ||
| Q4 24 | 3.7% | -4.0% | ||
| Q3 24 | 1.4% | -15.8% | ||
| Q2 24 | 3.6% | 23.5% | ||
| Q1 24 | 3.7% | 14.4% |
| Q4 25 | 5.0% | 43.5% | ||
| Q3 25 | 5.3% | 64.4% | ||
| Q2 25 | 3.9% | 36.6% | ||
| Q1 25 | 8.9% | 26.4% | ||
| Q4 24 | 5.4% | 46.8% | ||
| Q3 24 | 8.3% | 79.7% | ||
| Q2 24 | 11.7% | 59.7% | ||
| Q1 24 | 8.8% | 42.1% |
| Q4 25 | 0.62× | 1.51× | ||
| Q3 25 | 3.77× | 2.21× | ||
| Q2 25 | 1.00× | 2.59× | ||
| Q1 25 | 9.53× | 1.17× | ||
| Q4 24 | 1.49× | 4.89× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
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% |
