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Side-by-side financial comparison of Embecta Corp. (EMBC) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $261.2M, roughly 1.6× Embecta Corp.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 16.9%, a 18.8% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -0.3%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -4.6%).
Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.
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.
EMBC vs NFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $261.2M | $425.9M |
| Net Profit | $44.1M | $152.0M |
| Gross Margin | 61.9% | — |
| Operating Margin | 31.9% | 81.5% |
| Net Margin | 16.9% | 35.7% |
| Revenue YoY | -0.3% | 1.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.74 | $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 | $261.2M | $637.9M | ||
| Q3 25 | $264.0M | $443.1M | ||
| Q2 25 | $295.5M | $527.4M | ||
| Q1 25 | $259.0M | $734.8M | ||
| Q4 24 | $261.9M | $513.8M | ||
| Q3 24 | $286.1M | $310.0M | ||
| Q2 24 | $272.5M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $44.1M | $181.6M | ||
| Q3 25 | $26.4M | $107.3M | ||
| Q2 25 | $45.5M | $149.8M | ||
| Q1 25 | $23.5M | $216.4M | ||
| Q4 24 | $0 | $45.0M | ||
| Q3 24 | $14.6M | $-167.6M | ||
| Q2 24 | $14.7M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 61.9% | 86.6% | ||
| Q3 25 | 60.0% | — | ||
| Q2 25 | 66.7% | 94.7% | ||
| Q1 25 | 63.4% | 81.6% | ||
| Q4 24 | 60.0% | 87.3% | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 69.8% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 31.9% | 43.3% | ||
| Q3 25 | 21.4% | 40.6% | ||
| Q2 25 | 31.8% | 43.7% | ||
| Q1 25 | 24.3% | 43.2% | ||
| Q4 24 | 11.0% | 16.8% | ||
| Q3 24 | 9.2% | -63.4% | ||
| Q2 24 | 20.5% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 16.9% | 28.5% | ||
| Q3 25 | 10.0% | 24.2% | ||
| Q2 25 | 15.4% | 28.4% | ||
| Q1 25 | 9.1% | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 5.1% | -54.1% | ||
| Q2 24 | 5.4% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.74 | $1.98 | ||
| Q3 25 | $0.44 | $1.18 | ||
| Q2 25 | $0.78 | $1.64 | ||
| Q1 25 | $0.40 | $2.37 | ||
| Q4 24 | $0.00 | $0.49 | ||
| Q3 24 | $0.24 | $-1.81 | ||
| Q2 24 | $0.25 | $-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 | $201.3M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $-613.1M | — |
| Total Assets | $1.1B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $201.3M | $271.4M | ||
| Q3 25 | $225.5M | $43.2M | ||
| Q2 25 | $230.6M | $39.3M | ||
| Q1 25 | $209.3M | $40.0M | ||
| Q4 24 | $210.0M | $48.7M | ||
| Q3 24 | $267.5M | $38.2M | ||
| Q2 24 | $275.1M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $-613.1M | $3.6B | ||
| Q3 25 | $-650.6M | $3.1B | ||
| Q2 25 | $-669.6M | $3.0B | ||
| Q1 25 | $-736.2M | $2.8B | ||
| Q4 24 | $-768.8M | $-76.2M | ||
| Q3 24 | $-738.3M | $-15.5M | ||
| Q2 24 | $-763.7M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.1B | $9.2B | ||
| Q3 25 | $1.1B | $8.7B | ||
| Q2 25 | $1.2B | $8.4B | ||
| Q1 25 | $1.1B | $8.5B | ||
| Q4 24 | $1.1B | $8.3B | ||
| Q3 24 | $1.3B | $8.3B | ||
| Q2 24 | $1.3B | $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 | $17.2M | $657.3M |
| Free Cash FlowOCF − Capex | $16.6M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 0.2% | 117.0% |
| Cash ConversionOCF / Net Profit | 0.39× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $205.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $17.2M | $274.9M | ||
| Q3 25 | $84.0M | $237.8M | ||
| Q2 25 | $81.2M | $388.4M | ||
| Q1 25 | $31.8M | $253.8M | ||
| Q4 24 | $-5.3M | $220.1M | ||
| Q3 24 | $26.6M | $197.9M | ||
| Q2 24 | $-2.1M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $16.6M | $-2.7M | ||
| Q3 25 | $76.7M | $-47.8M | ||
| Q2 25 | $80.8M | $195.3M | ||
| Q1 25 | $31.7M | $59.9M | ||
| Q4 24 | $-6.8M | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | $-11.8M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | -0.4% | ||
| Q3 25 | 29.1% | -10.8% | ||
| Q2 25 | 27.3% | 37.0% | ||
| Q1 25 | 12.2% | 8.2% | ||
| Q4 24 | -2.6% | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | -4.3% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 0.2% | 43.5% | ||
| Q3 25 | 2.8% | 64.4% | ||
| Q2 25 | 0.1% | 36.6% | ||
| Q1 25 | 0.0% | 26.4% | ||
| Q4 24 | 0.6% | 46.8% | ||
| Q3 24 | 0.0% | 79.7% | ||
| Q2 24 | 3.6% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 0.39× | 1.51× | ||
| Q3 25 | 3.18× | 2.21× | ||
| Q2 25 | 1.78× | 2.59× | ||
| Q1 25 | 1.35× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | -0.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EMBC
| Pen Needles | $185.5M | 71% |
| Safety | $37.3M | 14% |
| Syringes | $30.7M | 12% |
| Manufacturing Facility | $4.1M | 2% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
