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

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $909.8M, roughly 1.4× NGL Energy Partners LP). AMDOCS LTD runs the higher net margin — 11.2% vs 5.2%, a 6.0% gap on every dollar of revenue. On growth, AMDOCS LTD posted the faster year-over-year revenue change (1.1% vs -41.3%). Over the past eight quarters, AMDOCS LTD's revenue compounded faster (4.5% CAGR vs -6.4%).

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.

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.

DOX vs NGL — Head-to-Head

Bigger by revenue
DOX
DOX
1.4× larger
DOX
$1.3B
$909.8M
NGL
Growing faster (revenue YoY)
DOX
DOX
+42.4% gap
DOX
1.1%
-41.3%
NGL
Higher net margin
DOX
DOX
6.0% more per $
DOX
11.2%
5.2%
NGL
Faster 2-yr revenue CAGR
DOX
DOX
Annualised
DOX
4.5%
-6.4%
NGL

Income Statement — Q3 FY2024 vs Q3 FY2026

Metric
DOX
DOX
NGL
NGL
Revenue
$1.3B
$909.8M
Net Profit
$140.3M
$47.2M
Gross Margin
29.0%
Operating Margin
14.1%
12.1%
Net Margin
11.2%
5.2%
Revenue YoY
1.1%
-41.3%
Net Profit YoY
-12.0%
249.3%
EPS (diluted)
$1.21

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
NGL
NGL
Q4 25
$909.8M
Q3 25
$674.7M
Q2 25
$622.2M
Q1 25
$971.1M
Q4 24
$982.4M
Q3 24
$756.5M
Q2 24
$1.3B
$759.2M
Q1 24
$1.2B
$1.0B
Net Profit
DOX
DOX
NGL
NGL
Q4 25
$47.2M
Q3 25
$29.3M
Q2 25
$68.9M
Q1 25
$13.7M
Q4 24
$13.5M
Q3 24
$2.5M
Q2 24
$140.3M
$9.7M
Q1 24
$118.5M
$-236.8M
Gross Margin
DOX
DOX
NGL
NGL
Q4 25
29.0%
Q3 25
37.6%
Q2 25
38.5%
Q1 25
26.9%
Q4 24
25.1%
Q3 24
30.9%
Q2 24
29.0%
Q1 24
21.8%
Operating Margin
DOX
DOX
NGL
NGL
Q4 25
12.1%
Q3 25
14.0%
Q2 25
15.7%
Q1 25
8.4%
Q4 24
8.6%
Q3 24
10.8%
Q2 24
14.1%
10.8%
Q1 24
12.5%
-9.4%
Net Margin
DOX
DOX
NGL
NGL
Q4 25
5.2%
Q3 25
4.3%
Q2 25
11.1%
Q1 25
1.4%
Q4 24
1.4%
Q3 24
0.3%
Q2 24
11.2%
1.3%
Q1 24
9.5%
-22.8%
EPS (diluted)
DOX
DOX
NGL
NGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$1.21
Q1 24
$1.01

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
NGL
NGL
Q4 25
$6.5M
Q3 25
$8.7M
Q2 25
$5.4M
Q1 25
$13.5M
Q4 24
$5.7M
Q3 24
$4.5M
Q2 24
$5.3M
Q1 24
$38.9M
Total Debt
DOX
DOX
NGL
NGL
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.0B
Q1 24
$2.9B
Total Assets
DOX
DOX
NGL
NGL
Q4 25
$4.4B
Q3 25
$4.3B
Q2 25
$4.2B
Q1 25
$4.6B
Q4 24
$4.8B
Q3 24
$4.9B
Q2 24
$4.8B
Q1 24
$5.0B

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
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
DOX
DOX
NGL
NGL
Q4 25
$182.3M
Q3 25
$40.5M
Q2 25
$33.2M
Q1 25
$155.0M
Q4 24
$153.8M
Q3 24
$6.7M
Q2 24
$-18.1M
Q1 24
$152.2M
Free Cash Flow
DOX
DOX
NGL
NGL
Q4 25
$45.7M
Q3 25
$9.5M
Q2 25
$11.1M
Q1 25
$60.4M
Q4 24
$152.1M
Q3 24
$-82.9M
Q2 24
$-78.0M
Q1 24
$119.8M
FCF Margin
DOX
DOX
NGL
NGL
Q4 25
5.0%
Q3 25
1.4%
Q2 25
1.8%
Q1 25
6.2%
Q4 24
15.5%
Q3 24
-11.0%
Q2 24
-10.3%
Q1 24
11.5%
Capex Intensity
DOX
DOX
NGL
NGL
Q4 25
15.0%
Q3 25
4.6%
Q2 25
3.6%
Q1 25
9.7%
Q4 24
0.2%
Q3 24
11.8%
Q2 24
7.9%
Q1 24
3.1%
Cash Conversion
DOX
DOX
NGL
NGL
Q4 25
3.86×
Q3 25
1.38×
Q2 25
0.48×
Q1 25
11.29×
Q4 24
11.39×
Q3 24
2.74×
Q2 24
-1.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

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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