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Side-by-side financial comparison of ACUITY INC. (DE) (AYI) and NGL Energy Partners LP (NGL). Click either name above to swap in a different company.

ACUITY INC. (DE) is the larger business by last-quarter revenue ($1.1B vs $909.8M, roughly 1.2× NGL Energy Partners LP). ACUITY INC. (DE) runs the higher net margin — 9.2% vs 5.2%, a 4.0% gap on every dollar of revenue. On growth, ACUITY INC. (DE) posted the faster year-over-year revenue change (4.9% vs -41.3%). Over the past eight quarters, ACUITY INC. (DE)'s revenue compounded faster (4.4% CAGR vs -6.4%).

Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.

NGL Energy Partners LP is a U.S.-based midstream energy services firm. It offers transportation, storage, and logistics solutions for crude oil, natural gas liquids, and renewable fuels, plus water management services for upstream energy producers, operating primarily across North American markets.

AYI vs NGL — Head-to-Head

Bigger by revenue
AYI
AYI
1.2× larger
AYI
$1.1B
$909.8M
NGL
Growing faster (revenue YoY)
AYI
AYI
+46.2% gap
AYI
4.9%
-41.3%
NGL
Higher net margin
AYI
AYI
4.0% more per $
AYI
9.2%
5.2%
NGL
Faster 2-yr revenue CAGR
AYI
AYI
Annualised
AYI
4.4%
-6.4%
NGL

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
AYI
AYI
NGL
NGL
Revenue
$1.1B
$909.8M
Net Profit
$96.8M
$47.2M
Gross Margin
49.3%
29.0%
Operating Margin
12.6%
12.1%
Net Margin
9.2%
5.2%
Revenue YoY
4.9%
-41.3%
Net Profit YoY
24.9%
249.3%
EPS (diluted)
$3.09

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
AYI
AYI
NGL
NGL
Q1 26
$1.1B
Q4 25
$1.1B
$909.8M
Q3 25
$1.2B
$674.7M
Q2 25
$1.2B
$622.2M
Q1 25
$1.0B
$971.1M
Q4 24
$951.6M
$982.4M
Q3 24
$1.0B
$756.5M
Q2 24
$968.1M
$759.2M
Net Profit
AYI
AYI
NGL
NGL
Q1 26
$96.8M
Q4 25
$120.5M
$47.2M
Q3 25
$114.0M
$29.3M
Q2 25
$98.4M
$68.9M
Q1 25
$77.5M
$13.7M
Q4 24
$106.7M
$13.5M
Q3 24
$118.9M
$2.5M
Q2 24
$113.9M
$9.7M
Gross Margin
AYI
AYI
NGL
NGL
Q1 26
49.3%
Q4 25
48.4%
29.0%
Q3 25
48.9%
37.6%
Q2 25
48.4%
38.5%
Q1 25
46.5%
26.9%
Q4 24
47.2%
25.1%
Q3 24
47.3%
30.9%
Q2 24
46.7%
29.0%
Operating Margin
AYI
AYI
NGL
NGL
Q1 26
12.6%
Q4 25
14.0%
12.1%
Q3 25
14.9%
14.0%
Q2 25
11.9%
15.7%
Q1 25
11.0%
8.4%
Q4 24
14.0%
8.6%
Q3 24
15.2%
10.8%
Q2 24
15.0%
10.8%
Net Margin
AYI
AYI
NGL
NGL
Q1 26
9.2%
Q4 25
10.5%
5.2%
Q3 25
9.4%
4.3%
Q2 25
8.3%
11.1%
Q1 25
7.7%
1.4%
Q4 24
11.2%
1.4%
Q3 24
11.5%
0.3%
Q2 24
11.8%
1.3%
EPS (diluted)
AYI
AYI
NGL
NGL
Q1 26
$3.09
Q4 25
$3.82
Q3 25
$3.61
Q2 25
$3.12
Q1 25
$2.45
Q4 24
$3.35
Q3 24
$3.77
Q2 24
$3.62

Balance Sheet & Financial Strength

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

Metric
AYI
AYI
NGL
NGL
Cash + ST InvestmentsLiquidity on hand
$272.5M
$6.5M
Total DebtLower is stronger
$697.1M
$2.9B
Stockholders' EquityBook value
$2.8B
Total Assets
$4.6B
$4.4B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYI
AYI
NGL
NGL
Q1 26
$272.5M
Q4 25
$376.1M
$6.5M
Q3 25
$422.5M
$8.7M
Q2 25
$371.8M
$5.4M
Q1 25
$397.9M
$13.5M
Q4 24
$935.6M
$5.7M
Q3 24
$845.8M
$4.5M
Q2 24
$699.0M
$5.3M
Total Debt
AYI
AYI
NGL
NGL
Q1 26
$697.1M
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.0B
Stockholders' Equity
AYI
AYI
NGL
NGL
Q1 26
$2.8B
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.3B
Total Assets
AYI
AYI
NGL
NGL
Q1 26
$4.6B
Q4 25
$4.7B
$4.4B
Q3 25
$4.8B
$4.3B
Q2 25
$4.6B
$4.2B
Q1 25
$4.6B
$4.6B
Q4 24
$3.9B
$4.8B
Q3 24
$3.8B
$4.9B
Q2 24
$3.6B
$4.8B
Debt / Equity
AYI
AYI
NGL
NGL
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYI
AYI
NGL
NGL
Operating Cash FlowLast quarter
$229.9M
$182.3M
Free Cash FlowOCF − Capex
$45.7M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
2.38×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$126.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYI
AYI
NGL
NGL
Q1 26
$229.9M
Q4 25
$140.8M
$182.3M
Q3 25
$202.5M
$40.5M
Q2 25
$207.3M
$33.2M
Q1 25
$59.4M
$155.0M
Q4 24
$132.2M
$153.8M
Q3 24
$174.1M
$6.7M
Q2 24
$152.5M
$-18.1M
Free Cash Flow
AYI
AYI
NGL
NGL
Q1 26
Q4 25
$114.8M
$45.7M
Q3 25
$177.7M
$9.5M
Q2 25
$192.3M
$11.1M
Q1 25
$49.7M
$60.4M
Q4 24
$113.3M
$152.1M
Q3 24
$151.1M
$-82.9M
Q2 24
$140.5M
$-78.0M
FCF Margin
AYI
AYI
NGL
NGL
Q1 26
Q4 25
10.0%
5.0%
Q3 25
14.7%
1.4%
Q2 25
16.3%
1.8%
Q1 25
4.9%
6.2%
Q4 24
11.9%
15.5%
Q3 24
14.6%
-11.0%
Q2 24
14.5%
-10.3%
Capex Intensity
AYI
AYI
NGL
NGL
Q1 26
Q4 25
2.3%
15.0%
Q3 25
2.1%
4.6%
Q2 25
1.3%
3.6%
Q1 25
1.0%
9.7%
Q4 24
2.0%
0.2%
Q3 24
2.2%
11.8%
Q2 24
1.2%
7.9%
Cash Conversion
AYI
AYI
NGL
NGL
Q1 26
2.38×
Q4 25
1.17×
3.86×
Q3 25
1.78×
1.38×
Q2 25
2.11×
0.48×
Q1 25
0.77×
11.29×
Q4 24
1.24×
11.39×
Q3 24
1.46×
2.74×
Q2 24
1.34×
-1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AYI
AYI

Segment breakdown not available.

NGL
NGL

Water Solutions Segment$208.6M23%
Services$193.3M21%
Butane$192.5M21%
Service Fees$182.8M20%
Public Utilities Inventory Propane$93.9M10%
Crude Oil$23.3M3%
Crude Oil Transportation And Other$6.5M1%
Liquids Logistics Segment$2.5M0%
Crude Oil Logistics Segment$1.2M0%

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