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Side-by-side financial comparison of CARTERS INC (CRI) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $637.9M, roughly 1.2× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 1.5%, a 26.9% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -0.1%). NATIONAL FUEL GAS CO produced more free cash flow last quarter ($-2.7M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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.
CRI vs NFG — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $637.9M |
| Net Profit | $11.6M | $181.6M |
| Gross Margin | 45.1% | 86.6% |
| Operating Margin | 3.8% | 43.3% |
| Net Margin | 1.5% | 28.5% |
| Revenue YoY | -0.1% | 24.1% |
| Net Profit YoY | -80.1% | 303.8% |
| EPS (diluted) | $0.32 | $1.98 |
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.
| Q4 25 | — | $637.9M | ||
| Q3 25 | $757.8M | $443.1M | ||
| Q2 25 | $585.3M | $527.4M | ||
| Q1 25 | $629.8M | $734.8M | ||
| Q4 24 | — | $513.8M | ||
| Q3 24 | — | $310.0M | ||
| Q2 24 | — | $338.6M | ||
| Q1 24 | — | $558.7M |
| Q4 25 | — | $181.6M | ||
| Q3 25 | $11.6M | $107.3M | ||
| Q2 25 | $446.0K | $149.8M | ||
| Q1 25 | $15.5M | $216.4M | ||
| Q4 24 | — | $45.0M | ||
| Q3 24 | — | $-167.6M | ||
| Q2 24 | — | $-54.2M | ||
| Q1 24 | — | $166.3M |
| Q4 25 | — | 86.6% | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | 48.1% | 94.7% | ||
| Q1 25 | 46.2% | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% | ||
| Q1 24 | — | 81.0% |
| Q4 25 | — | 43.3% | ||
| Q3 25 | 3.8% | 40.6% | ||
| Q2 25 | 0.7% | 43.7% | ||
| Q1 25 | 4.1% | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | -63.4% | ||
| Q2 24 | — | -15.2% | ||
| Q1 24 | — | 44.9% |
| Q4 25 | — | 28.5% | ||
| Q3 25 | 1.5% | 24.2% | ||
| Q2 25 | 0.1% | 28.4% | ||
| Q1 25 | 2.5% | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | -54.1% | ||
| Q2 24 | — | -16.0% | ||
| Q1 24 | — | 29.8% |
| Q4 25 | — | $1.98 | ||
| Q3 25 | $0.32 | $1.18 | ||
| Q2 25 | $0.01 | $1.64 | ||
| Q1 25 | $0.43 | $2.37 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.59 | ||
| Q1 24 | — | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $184.2M | $271.4M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $864.6M | $3.6B |
| Total Assets | $2.5B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $271.4M | ||
| Q3 25 | $184.2M | $43.2M | ||
| Q2 25 | $338.2M | $39.3M | ||
| Q1 25 | $320.8M | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $81.4M | ||
| Q1 24 | — | $50.8M |
| 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 24 | — | $2.4B |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $864.6M | $3.1B | ||
| Q2 25 | $853.9M | $3.0B | ||
| Q1 25 | $847.2M | $2.8B | ||
| Q4 24 | — | $-76.2M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $75.3M |
| Q4 25 | — | $9.2B | ||
| Q3 25 | $2.5B | $8.7B | ||
| Q2 25 | $2.5B | $8.4B | ||
| Q1 25 | $2.3B | $8.5B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 31.68× |
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 | $-128.0M | $274.9M |
| Free Cash FlowOCF − Capex | $-144.1M | $-2.7M |
| FCF MarginFCF / Revenue | -19.0% | -0.4% |
| Capex IntensityCapex / Revenue | 2.1% | 43.5% |
| Cash ConversionOCF / Net Profit | -11.04× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $274.9M | ||
| Q3 25 | $-128.0M | $237.8M | ||
| Q2 25 | $40.3M | $388.4M | ||
| Q1 25 | $-48.6M | $253.8M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $281.8M | ||
| Q1 24 | — | $315.3M |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | $-144.1M | $-47.8M | ||
| Q2 25 | $24.1M | $195.3M | ||
| Q1 25 | $-59.0M | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | — | $80.3M |
| Q4 25 | — | -0.4% | ||
| Q3 25 | -19.0% | -10.8% | ||
| Q2 25 | 4.1% | 37.0% | ||
| Q1 25 | -9.4% | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | 14.4% |
| Q4 25 | — | 43.5% | ||
| Q3 25 | 2.1% | 64.4% | ||
| Q2 25 | 2.8% | 36.6% | ||
| Q1 25 | 1.6% | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% | ||
| Q1 24 | — | 42.1% |
| Q4 25 | — | 1.51× | ||
| Q3 25 | -11.04× | 2.21× | ||
| Q2 25 | 90.37× | 2.59× | ||
| Q1 25 | -3.13× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
