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Side-by-side financial comparison of DELUXE CORP (DLX) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $425.9M, roughly 1.3× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 2.2%, a 33.5% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $425.9M |
| Net Profit | $12.0M | $152.0M |
| Gross Margin | 52.2% | — |
| Operating Margin | 8.9% | 81.5% |
| Net Margin | 2.2% | 35.7% |
| Revenue YoY | 2.8% | 1.7% |
| Net Profit YoY | -5.0% | — |
| EPS (diluted) | $0.25 | $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 | $535.2M | $637.9M | ||
| Q3 25 | $540.2M | $443.1M | ||
| Q2 25 | $521.3M | $527.4M | ||
| Q1 25 | $536.5M | $734.8M | ||
| Q4 24 | $520.6M | $513.8M | ||
| Q3 24 | $528.4M | $310.0M | ||
| Q2 24 | $537.8M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $12.0M | $181.6M | ||
| Q3 25 | $33.7M | $107.3M | ||
| Q2 25 | $22.4M | $149.8M | ||
| Q1 25 | $14.0M | $216.4M | ||
| Q4 24 | $12.6M | $45.0M | ||
| Q3 24 | $8.9M | $-167.6M | ||
| Q2 24 | $20.5M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 52.2% | 86.6% | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | 94.7% | ||
| Q1 25 | 52.4% | 81.6% | ||
| Q4 24 | 52.3% | 87.3% | ||
| Q3 24 | 53.3% | — | ||
| Q2 24 | 53.7% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 8.9% | 43.3% | ||
| Q3 25 | 14.0% | 40.6% | ||
| Q2 25 | 11.7% | 43.7% | ||
| Q1 25 | 9.0% | 43.2% | ||
| Q4 24 | 9.0% | 16.8% | ||
| Q3 24 | 7.9% | -63.4% | ||
| Q2 24 | 11.0% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 2.2% | 28.5% | ||
| Q3 25 | 6.2% | 24.2% | ||
| Q2 25 | 4.3% | 28.4% | ||
| Q1 25 | 2.6% | 29.4% | ||
| Q4 24 | 2.4% | 8.8% | ||
| Q3 24 | 1.7% | -54.1% | ||
| Q2 24 | 3.8% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.25 | $1.98 | ||
| Q3 25 | $0.74 | $1.18 | ||
| Q2 25 | $0.50 | $1.64 | ||
| Q1 25 | $0.31 | $2.37 | ||
| Q4 24 | $0.28 | $0.49 | ||
| Q3 24 | $0.20 | $-1.81 | ||
| Q2 24 | $0.46 | $-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 | $36.9M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $680.7M | — |
| Total Assets | $2.9B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $271.4M | ||
| Q3 25 | $25.8M | $43.2M | ||
| Q2 25 | $26.0M | $39.3M | ||
| Q1 25 | $30.3M | $40.0M | ||
| Q4 24 | $34.4M | $48.7M | ||
| Q3 24 | $41.3M | $38.2M | ||
| Q2 24 | $23.1M | $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 | $680.7M | $3.6B | ||
| Q3 25 | $664.1M | $3.1B | ||
| Q2 25 | $638.7M | $3.0B | ||
| Q1 25 | $622.5M | $2.8B | ||
| Q4 24 | $620.9M | $-76.2M | ||
| Q3 24 | $612.7M | $-15.5M | ||
| Q2 24 | $620.5M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.9B | $9.2B | ||
| Q3 25 | $2.6B | $8.7B | ||
| Q2 25 | $2.5B | $8.4B | ||
| Q1 25 | $2.6B | $8.5B | ||
| Q4 24 | $2.8B | $8.3B | ||
| Q3 24 | $2.6B | $8.3B | ||
| Q2 24 | $2.7B | $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 | $102.1M | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | 8.53× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $102.1M | $274.9M | ||
| Q3 25 | $67.1M | $237.8M | ||
| Q2 25 | $51.1M | $388.4M | ||
| Q1 25 | $50.3M | $253.8M | ||
| Q4 24 | $60.2M | $220.1M | ||
| Q3 24 | $67.9M | $197.9M | ||
| Q2 24 | $39.6M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | $27.8M | $195.3M | ||
| Q1 25 | $24.3M | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | $46.7M | $-49.1M | ||
| Q2 24 | $11.4M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | 5.3% | 37.0% | ||
| Q1 25 | 4.5% | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | 8.8% | -15.8% | ||
| Q2 24 | 2.1% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | 4.5% | 36.6% | ||
| Q1 25 | 4.8% | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | 4.0% | 79.7% | ||
| Q2 24 | 5.2% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 8.53× | 1.51× | ||
| Q3 25 | 1.99× | 2.21× | ||
| Q2 25 | 2.28× | 2.59× | ||
| Q1 25 | 3.59× | 1.17× | ||
| Q4 24 | 4.77× | 4.89× | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
