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Side-by-side financial comparison of CENTURY ALUMINUM CO (CENX) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
CENTURY ALUMINUM CO is the larger business by last-quarter revenue ($633.7M vs $425.9M, roughly 1.5× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 0.3%, a 35.4% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs 0.4%). Over the past eight quarters, CENTURY ALUMINUM CO's revenue compounded faster (13.8% CAGR vs 12.1%).
Century Aluminum Company is a US-based producer of primary aluminum, with aluminum plants in Kentucky, South Carolina and Iceland. It is the largest producer of primary aluminum in the United States. The company is a publicly held corporation listed on the NASDAQ. The headquarters is at One South Wacker in Chicago.
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.
CENX vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $633.7M | $425.9M |
| Net Profit | $1.8M | $152.0M |
| Gross Margin | 13.0% | — |
| Operating Margin | 5.2% | 81.5% |
| Net Margin | 0.3% | 35.7% |
| Revenue YoY | 0.4% | 1.7% |
| Net Profit YoY | -96.0% | — |
| EPS (diluted) | $0.03 | $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 | $633.7M | $637.9M | ||
| Q3 25 | $632.2M | $443.1M | ||
| Q2 25 | $628.1M | $527.4M | ||
| Q1 25 | $633.9M | $734.8M | ||
| Q4 24 | $630.9M | $513.8M | ||
| Q3 24 | $539.1M | $310.0M | ||
| Q2 24 | $560.8M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $1.8M | $181.6M | ||
| Q3 25 | $14.9M | $107.3M | ||
| Q2 25 | $-4.6M | $149.8M | ||
| Q1 25 | $29.7M | $216.4M | ||
| Q4 24 | $45.2M | $45.0M | ||
| Q3 24 | $47.3M | $-167.6M | ||
| Q2 24 | $-2.5M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 86.6% | ||
| Q3 25 | 12.2% | — | ||
| Q2 25 | 5.8% | 94.7% | ||
| Q1 25 | 9.6% | 81.6% | ||
| Q4 24 | 10.5% | 87.3% | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 3.6% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 5.2% | 43.3% | ||
| Q3 25 | 9.2% | 40.6% | ||
| Q2 25 | 3.3% | 43.7% | ||
| Q1 25 | 7.3% | 43.2% | ||
| Q4 24 | 7.8% | 16.8% | ||
| Q3 24 | 11.8% | -63.4% | ||
| Q2 24 | 1.1% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 0.3% | 28.5% | ||
| Q3 25 | 2.4% | 24.2% | ||
| Q2 25 | -0.7% | 28.4% | ||
| Q1 25 | 4.7% | 29.4% | ||
| Q4 24 | 7.2% | 8.8% | ||
| Q3 24 | 8.8% | -54.1% | ||
| Q2 24 | -0.4% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.03 | $1.98 | ||
| Q3 25 | $0.15 | $1.18 | ||
| Q2 25 | $-0.05 | $1.64 | ||
| Q1 25 | $0.29 | $2.37 | ||
| Q4 24 | $0.58 | $0.49 | ||
| Q3 24 | $0.46 | $-1.81 | ||
| Q2 24 | $-0.03 | $-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 | $134.2M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $805.6M | — |
| Total Assets | $2.3B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $134.2M | $271.4M | ||
| Q3 25 | $151.4M | $43.2M | ||
| Q2 25 | $40.7M | $39.3M | ||
| Q1 25 | $44.9M | $40.0M | ||
| Q4 24 | $32.9M | $48.7M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | $41.3M | $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 | $805.6M | $3.6B | ||
| Q3 25 | $741.8M | $3.1B | ||
| Q2 25 | $724.4M | $3.0B | ||
| Q1 25 | $726.3M | $2.8B | ||
| Q4 24 | $694.4M | $-76.2M | ||
| Q3 24 | $628.5M | $-15.5M | ||
| Q2 24 | $601.5M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.3B | $9.2B | ||
| Q3 25 | $2.1B | $8.7B | ||
| Q2 25 | $1.9B | $8.4B | ||
| Q1 25 | $2.0B | $8.5B | ||
| Q4 24 | $1.9B | $8.3B | ||
| Q3 24 | $2.1B | $8.3B | ||
| Q2 24 | $1.8B | $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 | $102.8M | $657.3M |
| Free Cash FlowOCF − Capex | $67.7M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 5.5% | 117.0% |
| Cash ConversionOCF / Net Profit | 57.11× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $84.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $102.8M | $274.9M | ||
| Q3 25 | $2.0M | $237.8M | ||
| Q2 25 | $7.9M | $388.4M | ||
| Q1 25 | $72.3M | $253.8M | ||
| Q4 24 | $-41.4M | $220.1M | ||
| Q3 24 | $20.1M | $197.9M | ||
| Q2 24 | $11.5M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $67.7M | $-2.7M | ||
| Q3 25 | $-18.1M | $-47.8M | ||
| Q2 25 | $-15.9M | $195.3M | ||
| Q1 25 | $51.1M | $59.9M | ||
| Q4 24 | $-54.6M | $-20.3M | ||
| Q3 24 | $-2.4M | $-49.1M | ||
| Q2 24 | $-5.4M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | -0.4% | ||
| Q3 25 | -2.9% | -10.8% | ||
| Q2 25 | -2.5% | 37.0% | ||
| Q1 25 | 8.1% | 8.2% | ||
| Q4 24 | -8.7% | -4.0% | ||
| Q3 24 | -0.4% | -15.8% | ||
| Q2 24 | -1.0% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 5.5% | 43.5% | ||
| Q3 25 | 3.2% | 64.4% | ||
| Q2 25 | 3.8% | 36.6% | ||
| Q1 25 | 3.3% | 26.4% | ||
| Q4 24 | 2.1% | 46.8% | ||
| Q3 24 | 4.2% | 79.7% | ||
| Q2 24 | 3.0% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 57.11× | 1.51× | ||
| Q3 25 | 0.13× | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | 2.43× | 1.17× | ||
| Q4 24 | -0.92× | 4.89× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
