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Side-by-side financial comparison of Atmus Filtration Technologies Inc. (ATMU) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Atmus Filtration Technologies Inc. is the larger business by last-quarter revenue ($446.6M vs $425.9M, roughly 1.0× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 10.7%, a 24.9% gap on every dollar of revenue. On growth, Atmus Filtration Technologies Inc. posted the faster year-over-year revenue change (9.8% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 2.3%).
Atmus Filtration Technologies Inc. designs, manufactures and distributes high-performance filtration products and tailored solutions. Its portfolio covers air, fuel, oil and hydraulic filtration systems, serving global automotive, heavy-duty vehicle, industrial equipment and aerospace end markets, for both original equipment manufacturers and aftermarket replacement customers.
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.
ATMU vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $446.6M | $425.9M |
| Net Profit | $48.0M | $152.0M |
| Gross Margin | 28.5% | — |
| Operating Margin | 15.8% | 81.5% |
| Net Margin | 10.7% | 35.7% |
| Revenue YoY | 9.8% | 1.7% |
| Net Profit YoY | 19.7% | — |
| EPS (diluted) | $0.58 | $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 | $446.6M | $637.9M | ||
| Q3 25 | $447.7M | $443.1M | ||
| Q2 25 | $453.5M | $527.4M | ||
| Q1 25 | $416.5M | $734.8M | ||
| Q4 24 | $406.7M | $513.8M | ||
| Q3 24 | $403.7M | $310.0M | ||
| Q2 24 | $432.6M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $48.0M | $181.6M | ||
| Q3 25 | $54.8M | $107.3M | ||
| Q2 25 | $59.9M | $149.8M | ||
| Q1 25 | $44.7M | $216.4M | ||
| Q4 24 | $40.1M | $45.0M | ||
| Q3 24 | $43.8M | $-167.6M | ||
| Q2 24 | $56.2M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 28.5% | 86.6% | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 28.9% | 94.7% | ||
| Q1 25 | 26.5% | 81.6% | ||
| Q4 24 | 26.3% | 87.3% | ||
| Q3 24 | 27.6% | — | ||
| Q2 24 | 30.5% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 15.8% | 43.3% | ||
| Q3 25 | 18.3% | 40.6% | ||
| Q2 25 | 18.0% | 43.7% | ||
| Q1 25 | 15.6% | 43.2% | ||
| Q4 24 | 13.4% | 16.8% | ||
| Q3 24 | 15.7% | -63.4% | ||
| Q2 24 | 18.4% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 10.7% | 28.5% | ||
| Q3 25 | 12.2% | 24.2% | ||
| Q2 25 | 13.2% | 28.4% | ||
| Q1 25 | 10.7% | 29.4% | ||
| Q4 24 | 9.9% | 8.8% | ||
| Q3 24 | 10.8% | -54.1% | ||
| Q2 24 | 13.0% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.58 | $1.98 | ||
| Q3 25 | $0.66 | $1.18 | ||
| Q2 25 | $0.72 | $1.64 | ||
| Q1 25 | $0.54 | $2.37 | ||
| Q4 24 | $0.49 | $0.49 | ||
| Q3 24 | $0.52 | $-1.81 | ||
| Q2 24 | $0.67 | $-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 | $236.4M | — |
| Total DebtLower is stronger | $570.0M | $300.0M |
| Stockholders' EquityBook value | $378.5M | — |
| Total Assets | $1.4B | $9.1B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $236.4M | $271.4M | ||
| Q3 25 | $218.3M | $43.2M | ||
| Q2 25 | $190.8M | $39.3M | ||
| Q1 25 | $183.3M | $40.0M | ||
| Q4 24 | $184.3M | $48.7M | ||
| Q3 24 | $196.8M | $38.2M | ||
| Q2 24 | $160.5M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $570.0M | $2.7B | ||
| Q3 25 | $577.5M | $2.7B | ||
| Q2 25 | $585.0M | $2.7B | ||
| Q1 25 | $588.8M | $2.7B | ||
| Q4 24 | $592.5M | $2.7B | ||
| Q3 24 | $596.2M | $2.7B | ||
| Q2 24 | $600.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $378.5M | $3.6B | ||
| Q3 25 | $336.7M | $3.1B | ||
| Q2 25 | $316.3M | $3.0B | ||
| Q1 25 | $265.3M | $2.8B | ||
| Q4 24 | $227.4M | $-76.2M | ||
| Q3 24 | $221.2M | $-15.5M | ||
| Q2 24 | $178.1M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.4B | $9.2B | ||
| Q3 25 | $1.3B | $8.7B | ||
| Q2 25 | $1.3B | $8.4B | ||
| Q1 25 | $1.2B | $8.5B | ||
| Q4 24 | $1.2B | $8.3B | ||
| Q3 24 | $1.2B | $8.3B | ||
| Q2 24 | $1.2B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | 0.75× | ||
| Q3 25 | 1.72× | 0.87× | ||
| Q2 25 | 1.85× | 0.90× | ||
| Q1 25 | 2.22× | 0.99× | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 3.37× | 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 | $47.5M | $657.3M |
| Free Cash FlowOCF − Capex | $31.2M | — |
| FCF MarginFCF / Revenue | 7.0% | — |
| Capex IntensityCapex / Revenue | 3.6% | 117.0% |
| Cash ConversionOCF / Net Profit | 0.99× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $148.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $47.5M | $274.9M | ||
| Q3 25 | $82.1M | $237.8M | ||
| Q2 25 | $44.4M | $388.4M | ||
| Q1 25 | $28.7M | $253.8M | ||
| Q4 24 | $20.0M | $220.1M | ||
| Q3 24 | $70.7M | $197.9M | ||
| Q2 24 | $22.9M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $31.2M | $-2.7M | ||
| Q3 25 | $68.9M | $-47.8M | ||
| Q2 25 | $32.4M | $195.3M | ||
| Q1 25 | $16.3M | $59.9M | ||
| Q4 24 | $10.0M | $-20.3M | ||
| Q3 24 | $54.3M | $-49.1M | ||
| Q2 24 | $11.3M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 7.0% | -0.4% | ||
| Q3 25 | 15.4% | -10.8% | ||
| Q2 25 | 7.1% | 37.0% | ||
| Q1 25 | 3.9% | 8.2% | ||
| Q4 24 | 2.5% | -4.0% | ||
| Q3 24 | 13.5% | -15.8% | ||
| Q2 24 | 2.6% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 3.6% | 43.5% | ||
| Q3 25 | 2.9% | 64.4% | ||
| Q2 25 | 2.6% | 36.6% | ||
| Q1 25 | 3.0% | 26.4% | ||
| Q4 24 | 2.5% | 46.8% | ||
| Q3 24 | 4.1% | 79.7% | ||
| Q2 24 | 2.7% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 0.99× | 1.51× | ||
| Q3 25 | 1.50× | 2.21× | ||
| Q2 25 | 0.74× | 2.59× | ||
| Q1 25 | 0.64× | 1.17× | ||
| Q4 24 | 0.50× | 4.89× | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 0.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
