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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Everus Construction Group, Inc. is the larger business by last-quarter revenue ($1.0B vs $637.9M, roughly 1.6× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 5.5%, a 23.0% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 24.1%). Everus Construction Group, Inc. produced more free cash flow last quarter ($23.5M vs $-2.7M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 6.9%).
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.
ECG vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $637.9M |
| Net Profit | $55.3M | $181.6M |
| Gross Margin | 11.6% | 86.6% |
| Operating Margin | 6.8% | 43.3% |
| Net Margin | 5.5% | 28.5% |
| Revenue YoY | 33.2% | 24.1% |
| Net Profit YoY | 60.4% | 303.8% |
| EPS (diluted) | $1.09 | $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 | $1.0B | $637.9M | ||
| Q3 25 | $986.8M | $443.1M | ||
| Q2 25 | $921.5M | $527.4M | ||
| Q1 25 | $826.6M | $734.8M | ||
| Q4 24 | $759.6M | $513.8M | ||
| Q3 24 | $761.0M | $310.0M | ||
| Q2 24 | $703.4M | $338.6M | ||
| Q1 24 | $625.7M | $558.7M |
| Q4 25 | $55.3M | $181.6M | ||
| Q3 25 | $57.0M | $107.3M | ||
| Q2 25 | $52.8M | $149.8M | ||
| Q1 25 | $36.7M | $216.4M | ||
| Q4 24 | $34.5M | $45.0M | ||
| Q3 24 | $41.8M | $-167.6M | ||
| Q2 24 | $39.0M | $-54.2M | ||
| Q1 24 | $28.2M | $166.3M |
| Q4 25 | 11.6% | 86.6% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.0% | 94.7% | ||
| Q1 25 | 11.2% | 81.6% | ||
| Q4 24 | 11.4% | 87.3% | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 12.6% | 98.5% | ||
| Q1 24 | 11.9% | 81.0% |
| Q4 25 | 6.8% | 43.3% | ||
| Q3 25 | 7.3% | 40.6% | ||
| Q2 25 | 7.9% | 43.7% | ||
| Q1 25 | 6.2% | 43.2% | ||
| Q4 24 | 6.1% | 16.8% | ||
| Q3 24 | 7.1% | -63.4% | ||
| Q2 24 | 7.3% | -15.2% | ||
| Q1 24 | 6.2% | 44.9% |
| Q4 25 | 5.5% | 28.5% | ||
| Q3 25 | 5.8% | 24.2% | ||
| Q2 25 | 5.7% | 28.4% | ||
| Q1 25 | 4.4% | 29.4% | ||
| Q4 24 | 4.5% | 8.8% | ||
| Q3 24 | 5.5% | -54.1% | ||
| Q2 24 | 5.5% | -16.0% | ||
| Q1 24 | 4.5% | 29.8% |
| Q4 25 | $1.09 | $1.98 | ||
| Q3 25 | $1.11 | $1.18 | ||
| Q2 25 | $1.03 | $1.64 | ||
| Q1 25 | $0.72 | $2.37 | ||
| Q4 24 | $0.68 | $0.49 | ||
| Q3 24 | $0.82 | $-1.81 | ||
| Q2 24 | $0.76 | $-0.59 | ||
| Q1 24 | $0.55 | $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 | — | $271.4M |
| Total DebtLower is stronger | $281.5M | $2.7B |
| Stockholders' EquityBook value | $629.8M | $3.6B |
| Total Assets | $1.7B | $9.2B |
| Debt / EquityLower = less leverage | 0.45× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $271.4M | ||
| Q3 25 | — | $43.2M | ||
| Q2 25 | — | $39.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | $553.0K | $38.2M | ||
| Q2 24 | — | $81.4M | ||
| Q1 24 | — | $50.8M |
| Q4 25 | $281.5M | $2.7B | ||
| Q3 25 | $285.1M | $2.7B | ||
| Q2 25 | $288.6M | $2.7B | ||
| Q1 25 | $292.1M | $2.7B | ||
| Q4 24 | $295.6M | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $629.8M | $3.6B | ||
| Q3 25 | $573.0M | $3.1B | ||
| Q2 25 | $514.4M | $3.0B | ||
| Q1 25 | $460.2M | $2.8B | ||
| Q4 24 | $422.6M | $-76.2M | ||
| Q3 24 | $453.3M | $-15.5M | ||
| Q2 24 | $490.0M | $5.0M | ||
| Q1 24 | $464.3M | $75.3M |
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.6B | $8.7B | ||
| Q2 25 | $1.5B | $8.4B | ||
| Q1 25 | $1.4B | $8.5B | ||
| Q4 24 | $1.3B | $8.3B | ||
| Q3 24 | $1.3B | $8.3B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | 0.45× | 0.75× | ||
| Q3 25 | 0.50× | 0.87× | ||
| Q2 25 | 0.56× | 0.90× | ||
| Q1 25 | 0.63× | 0.99× | ||
| Q4 24 | 0.70× | — | ||
| 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 | $48.2M | $274.9M |
| Free Cash FlowOCF − Capex | $23.5M | $-2.7M |
| FCF MarginFCF / Revenue | 2.3% | -0.4% |
| Capex IntensityCapex / Revenue | 2.4% | 43.5% |
| Cash ConversionOCF / Net Profit | 0.87× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $90.0M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.2M | $274.9M | ||
| Q3 25 | $76.2M | $237.8M | ||
| Q2 25 | $25.3M | $388.4M | ||
| Q1 25 | $7.1M | $253.8M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | $78.9M | $197.9M | ||
| Q2 24 | — | $281.8M | ||
| Q1 24 | $21.9M | $315.3M |
| Q4 25 | $23.5M | $-2.7M | ||
| Q3 25 | $65.7M | $-47.8M | ||
| Q2 25 | $12.3M | $195.3M | ||
| Q1 25 | $-11.4M | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | $60.9M | $-49.1M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | $12.6M | $80.3M |
| Q4 25 | 2.3% | -0.4% | ||
| Q3 25 | 6.7% | -10.8% | ||
| Q2 25 | 1.3% | 37.0% | ||
| Q1 25 | -1.4% | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | 8.0% | -15.8% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | 2.0% | 14.4% |
| Q4 25 | 2.4% | 43.5% | ||
| Q3 25 | 1.1% | 64.4% | ||
| Q2 25 | 1.4% | 36.6% | ||
| Q1 25 | 2.2% | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | 2.4% | 79.7% | ||
| Q2 24 | — | 59.7% | ||
| Q1 24 | 1.5% | 42.1% |
| Q4 25 | 0.87× | 1.51× | ||
| Q3 25 | 1.34× | 2.21× | ||
| Q2 25 | 0.48× | 2.59× | ||
| Q1 25 | 0.19× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.77× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
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% |
