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Side-by-side financial comparison of AMDOCS LTD (DOX) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $425.9M, roughly 2.9× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 11.2%, a 24.5% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs 1.1%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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.

DOX vs NFG — Head-to-Head

Bigger by revenue
DOX
DOX
2.9× larger
DOX
$1.3B
$425.9M
NFG
Growing faster (revenue YoY)
NFG
NFG
+0.6% gap
NFG
1.7%
1.1%
DOX
Higher net margin
NFG
NFG
24.5% more per $
NFG
35.7%
11.2%
DOX
Faster 2-yr revenue CAGR
NFG
NFG
Annualised
NFG
12.1%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q2 FY2026

Metric
DOX
DOX
NFG
NFG
Revenue
$1.3B
$425.9M
Net Profit
$140.3M
$152.0M
Gross Margin
Operating Margin
14.1%
81.5%
Net Margin
11.2%
35.7%
Revenue YoY
1.1%
1.7%
Net Profit YoY
-12.0%
EPS (diluted)
$1.21
$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
DOX
DOX
NFG
NFG
Q1 26
$425.9M
Q4 25
$637.9M
Q3 25
$443.1M
Q2 25
$527.4M
Q1 25
$734.8M
Q4 24
$513.8M
Q3 24
$310.0M
Q2 24
$1.3B
$338.6M
Net Profit
DOX
DOX
NFG
NFG
Q1 26
$152.0M
Q4 25
$181.6M
Q3 25
$107.3M
Q2 25
$149.8M
Q1 25
$216.4M
Q4 24
$45.0M
Q3 24
$-167.6M
Q2 24
$140.3M
$-54.2M
Gross Margin
DOX
DOX
NFG
NFG
Q1 26
Q4 25
86.6%
Q3 25
Q2 25
94.7%
Q1 25
81.6%
Q4 24
87.3%
Q3 24
Q2 24
98.5%
Operating Margin
DOX
DOX
NFG
NFG
Q1 26
81.5%
Q4 25
43.3%
Q3 25
40.6%
Q2 25
43.7%
Q1 25
43.2%
Q4 24
16.8%
Q3 24
-63.4%
Q2 24
14.1%
-15.2%
Net Margin
DOX
DOX
NFG
NFG
Q1 26
35.7%
Q4 25
28.5%
Q3 25
24.2%
Q2 25
28.4%
Q1 25
29.4%
Q4 24
8.8%
Q3 24
-54.1%
Q2 24
11.2%
-16.0%
EPS (diluted)
DOX
DOX
NFG
NFG
Q1 26
$1.59
Q4 25
$1.98
Q3 25
$1.18
Q2 25
$1.64
Q1 25
$2.37
Q4 24
$0.49
Q3 24
$-1.81
Q2 24
$1.21
$-0.59

Balance Sheet & Financial Strength

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

Metric
DOX
DOX
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$300.0M
Stockholders' EquityBook value
Total Assets
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
NFG
NFG
Q1 26
Q4 25
$271.4M
Q3 25
$43.2M
Q2 25
$39.3M
Q1 25
$40.0M
Q4 24
$48.7M
Q3 24
$38.2M
Q2 24
$81.4M
Total Debt
DOX
DOX
NFG
NFG
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
Stockholders' Equity
DOX
DOX
NFG
NFG
Q1 26
Q4 25
$3.6B
Q3 25
$3.1B
Q2 25
$3.0B
Q1 25
$2.8B
Q4 24
$-76.2M
Q3 24
$-15.5M
Q2 24
$5.0M
Total Assets
DOX
DOX
NFG
NFG
Q1 26
$9.1B
Q4 25
$9.2B
Q3 25
$8.7B
Q2 25
$8.4B
Q1 25
$8.5B
Q4 24
$8.3B
Q3 24
$8.3B
Q2 24
$8.5B
Debt / Equity
DOX
DOX
NFG
NFG
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
DOX
DOX
NFG
NFG
Operating Cash FlowLast quarter
$657.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
117.0%
Cash ConversionOCF / Net Profit
4.32×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
NFG
NFG
Q1 26
$657.3M
Q4 25
$274.9M
Q3 25
$237.8M
Q2 25
$388.4M
Q1 25
$253.8M
Q4 24
$220.1M
Q3 24
$197.9M
Q2 24
$281.8M
Free Cash Flow
DOX
DOX
NFG
NFG
Q1 26
Q4 25
$-2.7M
Q3 25
$-47.8M
Q2 25
$195.3M
Q1 25
$59.9M
Q4 24
$-20.3M
Q3 24
$-49.1M
Q2 24
$79.5M
FCF Margin
DOX
DOX
NFG
NFG
Q1 26
Q4 25
-0.4%
Q3 25
-10.8%
Q2 25
37.0%
Q1 25
8.2%
Q4 24
-4.0%
Q3 24
-15.8%
Q2 24
23.5%
Capex Intensity
DOX
DOX
NFG
NFG
Q1 26
117.0%
Q4 25
43.5%
Q3 25
64.4%
Q2 25
36.6%
Q1 25
26.4%
Q4 24
46.8%
Q3 24
79.7%
Q2 24
59.7%
Cash Conversion
DOX
DOX
NFG
NFG
Q1 26
4.32×
Q4 25
1.51×
Q3 25
2.21×
Q2 25
2.59×
Q1 25
1.17×
Q4 24
4.89×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

NFG
NFG

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

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