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Side-by-side financial comparison of AdvanSix Inc. (ASIX) 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 $359.9M, roughly 1.2× AdvanSix Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -0.8%, a 36.5% gap on every dollar of revenue. On growth, AdvanSix Inc. posted the faster year-over-year revenue change (9.4% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 3.4%).
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
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.
ASIX vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $359.9M | $425.9M |
| Net Profit | $-2.8M | $152.0M |
| Gross Margin | 7.6% | — |
| Operating Margin | -0.7% | 81.5% |
| Net Margin | -0.8% | 35.7% |
| Revenue YoY | 9.4% | 1.7% |
| Net Profit YoY | -892.9% | — |
| EPS (diluted) | $-0.11 | $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 | $359.9M | $637.9M | ||
| Q3 25 | $374.5M | $443.1M | ||
| Q2 25 | $410.0M | $527.4M | ||
| Q1 25 | $377.8M | $734.8M | ||
| Q4 24 | $329.1M | $513.8M | ||
| Q3 24 | $398.2M | $310.0M | ||
| Q2 24 | $453.5M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $-2.8M | $181.6M | ||
| Q3 25 | $-2.6M | $107.3M | ||
| Q2 25 | $31.4M | $149.8M | ||
| Q1 25 | $23.3M | $216.4M | ||
| Q4 24 | $352.0K | $45.0M | ||
| Q3 24 | $22.3M | $-167.6M | ||
| Q2 24 | $38.9M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 86.6% | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 14.3% | 94.7% | ||
| Q1 25 | 14.2% | 81.6% | ||
| Q4 24 | 3.4% | 87.3% | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 17.9% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | -0.7% | 43.3% | ||
| Q3 25 | -0.9% | 40.6% | ||
| Q2 25 | 7.7% | 43.7% | ||
| Q1 25 | 7.7% | 43.2% | ||
| Q4 24 | -3.9% | 16.8% | ||
| Q3 24 | 7.5% | -63.4% | ||
| Q2 24 | 11.5% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | -0.8% | 28.5% | ||
| Q3 25 | -0.7% | 24.2% | ||
| Q2 25 | 7.7% | 28.4% | ||
| Q1 25 | 6.2% | 29.4% | ||
| Q4 24 | 0.1% | 8.8% | ||
| Q3 24 | 5.6% | -54.1% | ||
| Q2 24 | 8.6% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $-0.11 | $1.98 | ||
| Q3 25 | $-0.10 | $1.18 | ||
| Q2 25 | $1.15 | $1.64 | ||
| Q1 25 | $0.86 | $2.37 | ||
| Q4 24 | $0.02 | $0.49 | ||
| Q3 24 | $0.82 | $-1.81 | ||
| Q2 24 | $1.43 | $-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 | $19.8M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $815.2M | — |
| Total Assets | $1.7B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $271.4M | ||
| Q3 25 | $23.7M | $43.2M | ||
| Q2 25 | $18.4M | $39.3M | ||
| Q1 25 | $8.3M | $40.0M | ||
| Q4 24 | $19.6M | $48.7M | ||
| Q3 24 | $17.3M | $38.2M | ||
| Q2 24 | $12.1M | $81.4M |
| Q1 26 | — | $300.0M | ||
| 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 26 | — | — | ||
| Q4 25 | $815.2M | $3.6B | ||
| Q3 25 | $818.2M | $3.1B | ||
| Q2 25 | $823.7M | $3.0B | ||
| Q1 25 | $794.4M | $2.8B | ||
| Q4 24 | $774.6M | $-76.2M | ||
| Q3 24 | $766.4M | $-15.5M | ||
| Q2 24 | $746.6M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.7B | $8.7B | ||
| Q2 25 | $1.6B | $8.4B | ||
| Q1 25 | $1.6B | $8.5B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.5B | $8.3B | ||
| Q2 24 | $1.5B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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 | $63.7M | $657.3M |
| Free Cash FlowOCF − Capex | $36.1M | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 7.7% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $6.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $63.7M | $274.9M | ||
| Q3 25 | $26.6M | $237.8M | ||
| Q2 25 | $21.1M | $388.4M | ||
| Q1 25 | $11.4M | $253.8M | ||
| Q4 24 | $64.2M | $220.1M | ||
| Q3 24 | $57.3M | $197.9M | ||
| Q2 24 | $50.2M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $36.1M | $-2.7M | ||
| Q3 25 | $66.0K | $-47.8M | ||
| Q2 25 | $-7.2M | $195.3M | ||
| Q1 25 | $-22.6M | $59.9M | ||
| Q4 24 | $29.8M | $-20.3M | ||
| Q3 24 | $26.8M | $-49.1M | ||
| Q2 24 | $16.7M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.0% | -0.4% | ||
| Q3 25 | 0.0% | -10.8% | ||
| Q2 25 | -1.7% | 37.0% | ||
| Q1 25 | -6.0% | 8.2% | ||
| Q4 24 | 9.1% | -4.0% | ||
| Q3 24 | 6.7% | -15.8% | ||
| Q2 24 | 3.7% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 7.7% | 43.5% | ||
| Q3 25 | 7.1% | 64.4% | ||
| Q2 25 | 6.9% | 36.6% | ||
| Q1 25 | 9.0% | 26.4% | ||
| Q4 24 | 10.4% | 46.8% | ||
| Q3 24 | 7.7% | 79.7% | ||
| Q2 24 | 7.4% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 0.67× | 2.59× | ||
| Q1 25 | 0.49× | 1.17× | ||
| Q4 24 | 182.29× | 4.89× | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | 1.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
