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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) 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 $267.3M, roughly 1.6× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 1.7%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 12.1%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

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.

ASND vs NFG — Head-to-Head

Bigger by revenue
NFG
NFG
1.6× larger
NFG
$425.9M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+40.6% gap
ASND
42.3%
1.7%
NFG
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
12.1%
NFG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ASND
ASND
NFG
NFG
Revenue
$267.3M
$425.9M
Net Profit
$152.0M
Gross Margin
90.5%
Operating Margin
81.5%
Net Margin
35.7%
Revenue YoY
42.3%
1.7%
Net Profit YoY
EPS (diluted)
$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.

Revenue
ASND
ASND
NFG
NFG
Q1 26
$425.9M
Q4 25
$267.3M
$637.9M
Q3 25
$230.7M
$443.1M
Q2 25
$170.7M
$527.4M
Q1 25
$109.0M
$734.8M
Q4 24
$187.8M
$513.8M
Q3 24
$62.5M
$310.0M
Q2 24
$38.9M
$338.6M
Net Profit
ASND
ASND
NFG
NFG
Q1 26
$152.0M
Q4 25
$181.6M
Q3 25
$-65.9M
$107.3M
Q2 25
$-42.0M
$149.8M
Q1 25
$-102.2M
$216.4M
Q4 24
$45.0M
Q3 24
$-107.1M
$-167.6M
Q2 24
$-118.1M
$-54.2M
Gross Margin
ASND
ASND
NFG
NFG
Q1 26
Q4 25
90.5%
86.6%
Q3 25
89.5%
Q2 25
80.1%
94.7%
Q1 25
82.6%
81.6%
Q4 24
91.9%
87.3%
Q3 24
80.6%
Q2 24
68.2%
98.5%
Operating Margin
ASND
ASND
NFG
NFG
Q1 26
81.5%
Q4 25
43.3%
Q3 25
5.1%
40.6%
Q2 25
-33.5%
43.7%
Q1 25
-103.2%
43.2%
Q4 24
16.8%
Q3 24
-167.3%
-63.4%
Q2 24
-370.2%
-15.2%
Net Margin
ASND
ASND
NFG
NFG
Q1 26
35.7%
Q4 25
28.5%
Q3 25
-28.5%
24.2%
Q2 25
-24.6%
28.4%
Q1 25
-93.7%
29.4%
Q4 24
8.8%
Q3 24
-171.5%
-54.1%
Q2 24
-303.9%
-16.0%
EPS (diluted)
ASND
ASND
NFG
NFG
Q1 26
$1.59
Q4 25
$1.98
Q3 25
$1.18
Q2 25
$1.64
Q1 25
$2.37
Q4 24
$0.49
Q3 24
$-1.81
Q2 24
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASND
ASND
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$665.3M
Total DebtLower is stronger
$300.0M
Stockholders' EquityBook value
$-175.8M
Total Assets
$1.4B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
NFG
NFG
Q1 26
Q4 25
$665.3M
$271.4M
Q3 25
$582.2M
$43.2M
Q2 25
$533.6M
$39.3M
Q1 25
$559.4M
$40.0M
Q4 24
$604.3M
$48.7M
Q3 24
$675.6M
$38.2M
Q2 24
$279.4M
$81.4M
Total Debt
ASND
ASND
NFG
NFG
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
Stockholders' Equity
ASND
ASND
NFG
NFG
Q1 26
Q4 25
$-175.8M
$3.6B
Q3 25
$-188.0M
$3.1B
Q2 25
$-202.6M
$3.0B
Q1 25
$-205.0M
$2.8B
Q4 24
$-114.2M
$-76.2M
Q3 24
$-105.1M
$-15.5M
Q2 24
$-346.8M
$5.0M
Total Assets
ASND
ASND
NFG
NFG
Q1 26
$9.1B
Q4 25
$1.4B
$9.2B
Q3 25
$1.2B
$8.7B
Q2 25
$1.2B
$8.4B
Q1 25
$1.1B
$8.5B
Q4 24
$1.3B
$8.3B
Q3 24
$1.2B
$8.3B
Q2 24
$819.0M
$8.5B
Debt / Equity
ASND
ASND
NFG
NFG
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
ASND
ASND
NFG
NFG
Operating Cash FlowLast quarter
$58.2M
$657.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
117.0%
Cash ConversionOCF / Net Profit
4.32×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
NFG
NFG
Q1 26
$657.3M
Q4 25
$58.2M
$274.9M
Q3 25
$237.8M
Q2 25
$388.4M
Q1 25
$-15.5M
$253.8M
Q4 24
$-330.7M
$220.1M
Q3 24
$197.9M
Q2 24
$281.8M
Free Cash Flow
ASND
ASND
NFG
NFG
Q1 26
Q4 25
$-2.7M
Q3 25
$-47.8M
Q2 25
$195.3M
Q1 25
$59.9M
Q4 24
$-20.3M
Q3 24
$-49.1M
Q2 24
$79.5M
FCF Margin
ASND
ASND
NFG
NFG
Q1 26
Q4 25
-0.4%
Q3 25
-10.8%
Q2 25
37.0%
Q1 25
8.2%
Q4 24
-4.0%
Q3 24
-15.8%
Q2 24
23.5%
Capex Intensity
ASND
ASND
NFG
NFG
Q1 26
117.0%
Q4 25
43.5%
Q3 25
64.4%
Q2 25
36.6%
Q1 25
26.4%
Q4 24
46.8%
Q3 24
79.7%
Q2 24
59.7%
Cash Conversion
ASND
ASND
NFG
NFG
Q1 26
4.32×
Q4 25
1.51×
Q3 25
2.21×
Q2 25
2.59×
Q1 25
1.17×
Q4 24
4.89×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASND
ASND

Segment breakdown not available.

NFG
NFG

Revenues from External Customers$425.8M100%
Intersegment Revenues$126.0K0%

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