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

Clorox is the larger business by last-quarter revenue ($1.7B vs $909.8M, roughly 1.8× NGL Energy Partners LP). Clorox runs the higher net margin — 9.4% vs 5.2%, a 4.2% gap on every dollar of revenue. On growth, Clorox posted the faster year-over-year revenue change (0.3% vs -41.3%). Over the past eight quarters, NGL Energy Partners LP's revenue compounded faster (-6.4% CAGR vs -8.3%).

The Clorox Company is an American multinational manufacturer and marketer of consumer and professional products. Clorox ranked annually on the Fortune 500 list from 2000 to 2024, where it last held the #485 spot.

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.

CLX vs NGL — Head-to-Head

Bigger by revenue
CLX
CLX
1.8× larger
CLX
$1.7B
$909.8M
NGL
Growing faster (revenue YoY)
CLX
CLX
+41.6% gap
CLX
0.3%
-41.3%
NGL
Higher net margin
CLX
CLX
4.2% more per $
CLX
9.4%
5.2%
NGL
Faster 2-yr revenue CAGR
NGL
NGL
Annualised
NGL
-6.4%
-8.3%
CLX

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
CLX
CLX
NGL
NGL
Revenue
$1.7B
$909.8M
Net Profit
$157.0M
$47.2M
Gross Margin
43.2%
29.0%
Operating Margin
12.1%
Net Margin
9.4%
5.2%
Revenue YoY
0.3%
-41.3%
Net Profit YoY
-15.6%
249.3%
EPS (diluted)
$1.29

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
CLX
CLX
NGL
NGL
Q4 25
$1.7B
$909.8M
Q3 25
$674.7M
Q2 25
$2.0B
$622.2M
Q1 25
$1.7B
$971.1M
Q4 24
$1.7B
$982.4M
Q3 24
$1.8B
$756.5M
Q2 24
$1.9B
$759.2M
Q1 24
$1.8B
$1.0B
Net Profit
CLX
CLX
NGL
NGL
Q4 25
$157.0M
$47.2M
Q3 25
$29.3M
Q2 25
$332.0M
$68.9M
Q1 25
$186.0M
$13.7M
Q4 24
$193.0M
$13.5M
Q3 24
$99.0M
$2.5M
Q2 24
$216.0M
$9.7M
Q1 24
$-51.0M
$-236.8M
Gross Margin
CLX
CLX
NGL
NGL
Q4 25
43.2%
29.0%
Q3 25
37.6%
Q2 25
46.5%
38.5%
Q1 25
44.6%
26.9%
Q4 24
43.8%
25.1%
Q3 24
45.8%
30.9%
Q2 24
46.5%
29.0%
Q1 24
42.2%
21.8%
Operating Margin
CLX
CLX
NGL
NGL
Q4 25
12.1%
Q3 25
14.0%
Q2 25
20.6%
15.7%
Q1 25
15.2%
8.4%
Q4 24
14.1%
8.6%
Q3 24
10.0%
10.8%
Q2 24
14.5%
10.8%
Q1 24
-2.3%
-9.4%
Net Margin
CLX
CLX
NGL
NGL
Q4 25
9.4%
5.2%
Q3 25
4.3%
Q2 25
16.7%
11.1%
Q1 25
11.2%
1.4%
Q4 24
11.4%
1.4%
Q3 24
5.6%
0.3%
Q2 24
11.4%
1.3%
Q1 24
-2.8%
-22.8%
EPS (diluted)
CLX
CLX
NGL
NGL
Q4 25
$1.29
Q3 25
Q2 25
$2.68
Q1 25
$1.50
Q4 24
$1.54
Q3 24
$0.80
Q2 24
$1.74
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
CLX
CLX
NGL
NGL
Cash + ST InvestmentsLiquidity on hand
$227.0M
$6.5M
Total DebtLower is stronger
$2.9B
Stockholders' EquityBook value
$-125.0M
Total Assets
$5.6B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLX
CLX
NGL
NGL
Q4 25
$227.0M
$6.5M
Q3 25
$8.7M
Q2 25
$167.0M
$5.4M
Q1 25
$226.0M
$13.5M
Q4 24
$290.0M
$5.7M
Q3 24
$278.0M
$4.5M
Q2 24
$202.0M
$5.3M
Q1 24
$219.0M
$38.9M
Total Debt
CLX
CLX
NGL
NGL
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.5B
$2.9B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$2.5B
$3.0B
Q1 24
$2.9B
Stockholders' Equity
CLX
CLX
NGL
NGL
Q4 25
$-125.0M
Q3 25
Q2 25
$321.0M
Q1 25
$27.0M
Q4 24
$-41.0M
Q3 24
$60.0M
Q2 24
$328.0M
Q1 24
$91.0M
Total Assets
CLX
CLX
NGL
NGL
Q4 25
$5.6B
$4.4B
Q3 25
$4.3B
Q2 25
$5.6B
$4.2B
Q1 25
$5.5B
$4.6B
Q4 24
$5.6B
$4.8B
Q3 24
$5.5B
$4.9B
Q2 24
$5.8B
$4.8B
Q1 24
$5.8B
$5.0B
Debt / Equity
CLX
CLX
NGL
NGL
Q4 25
Q3 25
Q2 25
7.74×
Q1 25
Q4 24
Q3 24
Q2 24
7.56×
Q1 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLX
CLX
NGL
NGL
Q4 25
$182.3M
Q3 25
$40.5M
Q2 25
$294.0M
$33.2M
Q1 25
$286.0M
$155.0M
Q4 24
$180.0M
$153.8M
Q3 24
$221.0M
$6.7M
Q2 24
$340.0M
$-18.1M
Q1 24
$182.0M
$152.2M
Free Cash Flow
CLX
CLX
NGL
NGL
Q4 25
$45.7M
Q3 25
$9.5M
Q2 25
$219.0M
$11.1M
Q1 25
$233.0M
$60.4M
Q4 24
$127.0M
$152.1M
Q3 24
$182.0M
$-82.9M
Q2 24
$259.0M
$-78.0M
Q1 24
$127.0M
$119.8M
FCF Margin
CLX
CLX
NGL
NGL
Q4 25
5.0%
Q3 25
1.4%
Q2 25
11.0%
1.8%
Q1 25
14.0%
6.2%
Q4 24
7.5%
15.5%
Q3 24
10.3%
-11.0%
Q2 24
13.6%
-10.3%
Q1 24
7.0%
11.5%
Capex Intensity
CLX
CLX
NGL
NGL
Q4 25
15.0%
Q3 25
4.6%
Q2 25
3.8%
3.6%
Q1 25
3.2%
9.7%
Q4 24
3.1%
0.2%
Q3 24
2.2%
11.8%
Q2 24
4.3%
7.9%
Q1 24
3.0%
3.1%
Cash Conversion
CLX
CLX
NGL
NGL
Q4 25
3.86×
Q3 25
1.38×
Q2 25
0.89×
0.48×
Q1 25
1.54×
11.29×
Q4 24
0.93×
11.39×
Q3 24
2.23×
2.74×
Q2 24
1.57×
-1.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLX
CLX

Health And Wellness$643.0M38%
Household$419.0M25%
Lifestyle$321.0M19%
Other$290.0M17%

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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