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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) 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 $289.7M, roughly 1.5× ESCO TECHNOLOGIES INC). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 9.9%, a 25.8% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 7.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
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.
ESE vs NFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $425.9M |
| Net Profit | $28.7M | $152.0M |
| Gross Margin | 41.4% | — |
| Operating Margin | 13.2% | 81.5% |
| Net Margin | 9.9% | 35.7% |
| Revenue YoY | 17.3% | 1.7% |
| Net Profit YoY | 22.2% | — |
| EPS (diluted) | $1.11 | $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 | $289.7M | $637.9M | ||
| Q3 25 | $286.5M | $443.1M | ||
| Q2 25 | $296.3M | $527.4M | ||
| Q1 25 | $265.5M | $734.8M | ||
| Q4 24 | $247.0M | $513.8M | ||
| Q3 24 | $298.5M | $310.0M | ||
| Q2 24 | $260.8M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $28.7M | $181.6M | ||
| Q3 25 | $218.7M | $107.3M | ||
| Q2 25 | $26.1M | $149.8M | ||
| Q1 25 | $31.0M | $216.4M | ||
| Q4 24 | $23.5M | $45.0M | ||
| Q3 24 | $34.3M | $-167.6M | ||
| Q2 24 | $29.2M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 86.6% | ||
| Q3 25 | 45.9% | — | ||
| Q2 25 | 41.2% | 94.7% | ||
| Q1 25 | 41.1% | 81.6% | ||
| Q4 24 | 39.8% | 87.3% | ||
| Q3 24 | 40.1% | — | ||
| Q2 24 | 39.6% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 13.2% | 43.3% | ||
| Q3 25 | 17.2% | 40.6% | ||
| Q2 25 | 11.2% | 43.7% | ||
| Q1 25 | 15.3% | 43.2% | ||
| Q4 24 | 11.4% | 16.8% | ||
| Q3 24 | 14.8% | -63.4% | ||
| Q2 24 | 14.3% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 9.9% | 28.5% | ||
| Q3 25 | 76.3% | 24.2% | ||
| Q2 25 | 8.8% | 28.4% | ||
| Q1 25 | 11.7% | 29.4% | ||
| Q4 24 | 9.5% | 8.8% | ||
| Q3 24 | 11.5% | -54.1% | ||
| Q2 24 | 11.2% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $1.11 | $1.98 | ||
| Q3 25 | $8.43 | $1.18 | ||
| Q2 25 | $1.01 | $1.64 | ||
| Q1 25 | $1.20 | $2.37 | ||
| Q4 24 | $0.91 | $0.49 | ||
| Q3 24 | $1.32 | $-1.81 | ||
| Q2 24 | $1.13 | $-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 | $103.8M | — |
| Total DebtLower is stronger | $145.5M | $300.0M |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $2.4B | $9.1B |
| Debt / EquityLower = less leverage | 0.09× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $271.4M | ||
| Q3 25 | $101.3M | $43.2M | ||
| Q2 25 | $78.7M | $39.3M | ||
| Q1 25 | $57.4M | $40.0M | ||
| Q4 24 | $71.3M | $48.7M | ||
| Q3 24 | $66.0M | $38.2M | ||
| Q2 24 | $63.0M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $145.5M | $2.7B | ||
| Q3 25 | $186.0M | $2.7B | ||
| Q2 25 | $525.0M | $2.7B | ||
| Q1 25 | $88.0M | $2.7B | ||
| Q4 24 | $112.0M | $2.7B | ||
| Q3 24 | $122.0M | $2.7B | ||
| Q2 24 | $173.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $3.6B | ||
| Q3 25 | $1.5B | $3.1B | ||
| Q2 25 | $1.3B | $3.0B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.2B | $-76.2M | ||
| Q3 24 | $1.2B | $-15.5M | ||
| Q2 24 | $1.2B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.4B | $9.2B | ||
| Q3 25 | $2.4B | $8.7B | ||
| Q2 25 | $2.5B | $8.4B | ||
| Q1 25 | $1.8B | $8.5B | ||
| Q4 24 | $1.8B | $8.3B | ||
| Q3 24 | $1.8B | $8.3B | ||
| Q2 24 | $1.8B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.09× | 0.75× | ||
| Q3 25 | 0.12× | 0.87× | ||
| Q2 25 | 0.40× | 0.90× | ||
| Q1 25 | 0.07× | 0.99× | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.14× | 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 | $68.9M | $657.3M |
| Free Cash FlowOCF − Capex | $63.0M | — |
| FCF MarginFCF / Revenue | 21.7% | — |
| Capex IntensityCapex / Revenue | 2.0% | 117.0% |
| Cash ConversionOCF / Net Profit | 2.40× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $68.9M | $274.9M | ||
| Q3 25 | $109.9M | $237.8M | ||
| Q2 25 | $73.7M | $388.4M | ||
| Q1 25 | $24.1M | $253.8M | ||
| Q4 24 | $34.2M | $220.1M | ||
| Q3 24 | $72.1M | $197.9M | ||
| Q2 24 | $36.2M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $63.0M | $-2.7M | ||
| Q3 25 | $97.8M | $-47.8M | ||
| Q2 25 | $64.9M | $195.3M | ||
| Q1 25 | $14.0M | $59.9M | ||
| Q4 24 | $29.0M | $-20.3M | ||
| Q3 24 | $60.9M | $-49.1M | ||
| Q2 24 | $27.6M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | -0.4% | ||
| Q3 25 | 34.1% | -10.8% | ||
| Q2 25 | 21.9% | 37.0% | ||
| Q1 25 | 5.3% | 8.2% | ||
| Q4 24 | 11.7% | -4.0% | ||
| Q3 24 | 20.4% | -15.8% | ||
| Q2 24 | 10.6% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 2.0% | 43.5% | ||
| Q3 25 | 4.2% | 64.4% | ||
| Q2 25 | 3.0% | 36.6% | ||
| Q1 25 | 3.8% | 26.4% | ||
| Q4 24 | 2.1% | 46.8% | ||
| Q3 24 | 3.8% | 79.7% | ||
| Q2 24 | 3.3% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 2.40× | 1.51× | ||
| Q3 25 | 0.50× | 2.21× | ||
| Q2 25 | 2.83× | 2.59× | ||
| Q1 25 | 0.78× | 1.17× | ||
| Q4 24 | 1.46× | 4.89× | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 1.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
