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Side-by-side financial comparison of Designer Brands Inc. (DBI) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.

Designer Brands Inc. is the larger business by last-quarter revenue ($752.4M vs $425.9M, roughly 1.8× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 2.4%, a 33.3% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -3.2%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -0.1%).

Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.

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.

DBI vs NFG — Head-to-Head

Bigger by revenue
DBI
DBI
1.8× larger
DBI
$752.4M
$425.9M
NFG
Growing faster (revenue YoY)
NFG
NFG
+4.9% gap
NFG
1.7%
-3.2%
DBI
Higher net margin
NFG
NFG
33.3% more per $
NFG
35.7%
2.4%
DBI
Faster 2-yr revenue CAGR
NFG
NFG
Annualised
NFG
12.1%
-0.1%
DBI

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DBI
DBI
NFG
NFG
Revenue
$752.4M
$425.9M
Net Profit
$18.2M
$152.0M
Gross Margin
45.1%
Operating Margin
5.7%
81.5%
Net Margin
2.4%
35.7%
Revenue YoY
-3.2%
1.7%
Net Profit YoY
40.0%
EPS (diluted)
$0.35
$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.

Revenue
DBI
DBI
NFG
NFG
Q1 26
$425.9M
Q4 25
$752.4M
$637.9M
Q3 25
$739.8M
$443.1M
Q2 25
$686.9M
$527.4M
Q1 25
$713.6M
$734.8M
Q4 24
$777.2M
$513.8M
Q3 24
$771.9M
$310.0M
Q2 24
$746.6M
$338.6M
Net Profit
DBI
DBI
NFG
NFG
Q1 26
$152.0M
Q4 25
$18.2M
$181.6M
Q3 25
$10.8M
$107.3M
Q2 25
$-17.4M
$149.8M
Q1 25
$-38.2M
$216.4M
Q4 24
$13.0M
$45.0M
Q3 24
$13.8M
$-167.6M
Q2 24
$783.0K
$-54.2M
Gross Margin
DBI
DBI
NFG
NFG
Q1 26
Q4 25
45.1%
86.6%
Q3 25
43.7%
Q2 25
43.0%
94.7%
Q1 25
75.7%
81.6%
Q4 24
43.0%
87.3%
Q3 24
44.0%
Q2 24
44.2%
98.5%
Operating Margin
DBI
DBI
NFG
NFG
Q1 26
81.5%
Q4 25
5.7%
43.3%
Q3 25
3.6%
40.6%
Q2 25
-1.1%
43.7%
Q1 25
-3.6%
43.2%
Q4 24
2.9%
16.8%
Q3 24
3.7%
-63.4%
Q2 24
1.3%
-15.2%
Net Margin
DBI
DBI
NFG
NFG
Q1 26
35.7%
Q4 25
2.4%
28.5%
Q3 25
1.5%
24.2%
Q2 25
-2.5%
28.4%
Q1 25
-5.3%
29.4%
Q4 24
1.7%
8.8%
Q3 24
1.8%
-54.1%
Q2 24
0.1%
-16.0%
EPS (diluted)
DBI
DBI
NFG
NFG
Q1 26
$1.59
Q4 25
$0.35
$1.98
Q3 25
$0.22
$1.18
Q2 25
$-0.36
$1.64
Q1 25
$-0.69
$2.37
Q4 24
$0.24
$0.49
Q3 24
$0.24
$-1.81
Q2 24
$0.01
$-0.59

Balance Sheet & Financial Strength

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

Metric
DBI
DBI
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$51.4M
Total DebtLower is stronger
$463.1M
$300.0M
Stockholders' EquityBook value
$298.6M
Total Assets
$2.1B
$9.1B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBI
DBI
NFG
NFG
Q1 26
Q4 25
$51.4M
$271.4M
Q3 25
$44.9M
$43.2M
Q2 25
$46.0M
$39.3M
Q1 25
$44.8M
$40.0M
Q4 24
$36.2M
$48.7M
Q3 24
$38.8M
$38.2M
Q2 24
$43.4M
$81.4M
Total Debt
DBI
DBI
NFG
NFG
Q1 26
$300.0M
Q4 25
$463.1M
$2.7B
Q3 25
$509.6M
$2.7B
Q2 25
$516.2M
$2.7B
Q1 25
$484.3M
$2.7B
Q4 24
$529.6M
$2.7B
Q3 24
$459.0M
$2.7B
Q2 24
$469.3M
$2.7B
Stockholders' Equity
DBI
DBI
NFG
NFG
Q1 26
Q4 25
$298.6M
$3.6B
Q3 25
$280.8M
$3.1B
Q2 25
$266.9M
$3.0B
Q1 25
$278.5M
$2.8B
Q4 24
$318.5M
$-76.2M
Q3 24
$355.5M
$-15.5M
Q2 24
$358.5M
$5.0M
Total Assets
DBI
DBI
NFG
NFG
Q1 26
$9.1B
Q4 25
$2.1B
$9.2B
Q3 25
$2.1B
$8.7B
Q2 25
$2.1B
$8.4B
Q1 25
$2.0B
$8.5B
Q4 24
$2.1B
$8.3B
Q3 24
$2.1B
$8.3B
Q2 24
$2.2B
$8.5B
Debt / Equity
DBI
DBI
NFG
NFG
Q1 26
Q4 25
1.55×
0.75×
Q3 25
1.81×
0.87×
Q2 25
1.93×
0.90×
Q1 25
1.74×
0.99×
Q4 24
1.66×
Q3 24
1.29×
Q2 24
1.31×
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
DBI
DBI
NFG
NFG
Operating Cash FlowLast quarter
$66.5M
$657.3M
Free Cash FlowOCF − Capex
$57.5M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
1.2%
117.0%
Cash ConversionOCF / Net Profit
3.65×
4.32×
TTM Free Cash FlowTrailing 4 quarters
$99.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBI
DBI
NFG
NFG
Q1 26
$657.3M
Q4 25
$66.5M
$274.9M
Q3 25
$21.4M
$237.8M
Q2 25
$-20.4M
$388.4M
Q1 25
$70.1M
$253.8M
Q4 24
$-9.8M
$220.1M
Q3 24
$41.6M
$197.9M
Q2 24
$-19.7M
$281.8M
Free Cash Flow
DBI
DBI
NFG
NFG
Q1 26
Q4 25
$57.5M
$-2.7M
Q3 25
$11.9M
$-47.8M
Q2 25
$-27.6M
$195.3M
Q1 25
$58.1M
$59.9M
Q4 24
$-19.2M
$-20.3M
Q3 24
$28.0M
$-49.1M
Q2 24
$-35.6M
$79.5M
FCF Margin
DBI
DBI
NFG
NFG
Q1 26
Q4 25
7.6%
-0.4%
Q3 25
1.6%
-10.8%
Q2 25
-4.0%
37.0%
Q1 25
8.1%
8.2%
Q4 24
-2.5%
-4.0%
Q3 24
3.6%
-15.8%
Q2 24
-4.8%
23.5%
Capex Intensity
DBI
DBI
NFG
NFG
Q1 26
117.0%
Q4 25
1.2%
43.5%
Q3 25
1.3%
64.4%
Q2 25
1.1%
36.6%
Q1 25
1.7%
26.4%
Q4 24
1.2%
46.8%
Q3 24
1.8%
79.7%
Q2 24
2.1%
59.7%
Cash Conversion
DBI
DBI
NFG
NFG
Q1 26
4.32×
Q4 25
3.65×
1.51×
Q3 25
1.98×
2.21×
Q2 25
2.59×
Q1 25
1.17×
Q4 24
-0.75×
4.89×
Q3 24
3.01×
Q2 24
-25.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBI
DBI

Womens$280.7M37%
Athletic Footwear$188.6M25%
Wholesale$89.8M12%
Canada Retail Segment$77.3M10%
Mens$76.1M10%
Kids$24.2M3%
Commission Income$10.8M1%
Directto Consumer$1.3M0%

NFG
NFG

Revenues from External Customers$425.8M100%
Intersegment Revenues$126.0K0%

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