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Side-by-side financial comparison of Essent Group Ltd. (ESNT) 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 $312.4M, roughly 1.4× Essent Group Ltd.). Essent Group Ltd. runs the higher net margin — 49.6% vs 35.7%, a 13.9% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -0.8%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 2.3%).
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London 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.
ESNT vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $425.9M |
| Net Profit | $155.0M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | 59.1% | 81.5% |
| Net Margin | 49.6% | 35.7% |
| Revenue YoY | -0.8% | 1.7% |
| Net Profit YoY | -7.7% | — |
| EPS (diluted) | $1.61 | $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 | $312.4M | $637.9M | ||
| Q3 25 | $311.8M | $443.1M | ||
| Q2 25 | $319.1M | $527.4M | ||
| Q1 25 | $317.6M | $734.8M | ||
| Q4 24 | $315.0M | $513.8M | ||
| Q3 24 | $316.6M | $310.0M | ||
| Q2 24 | $312.9M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $155.0M | $181.6M | ||
| Q3 25 | $164.2M | $107.3M | ||
| Q2 25 | $195.3M | $149.8M | ||
| Q1 25 | $175.4M | $216.4M | ||
| Q4 24 | $167.9M | $45.0M | ||
| Q3 24 | $176.2M | $-167.6M | ||
| Q2 24 | $203.6M | $-54.2M |
| 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% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 59.1% | 43.3% | ||
| Q3 25 | 63.9% | 40.6% | ||
| Q2 25 | 72.4% | 43.7% | ||
| Q1 25 | 65.2% | 43.2% | ||
| Q4 24 | 61.9% | 16.8% | ||
| Q3 24 | 65.6% | -63.4% | ||
| Q2 24 | 76.4% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 49.6% | 28.5% | ||
| Q3 25 | 52.7% | 24.2% | ||
| Q2 25 | 61.2% | 28.4% | ||
| Q1 25 | 55.2% | 29.4% | ||
| Q4 24 | 53.3% | 8.8% | ||
| Q3 24 | 55.6% | -54.1% | ||
| Q2 24 | 65.1% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $1.61 | $1.98 | ||
| Q3 25 | $1.67 | $1.18 | ||
| Q2 25 | $1.93 | $1.64 | ||
| Q1 25 | $1.69 | $2.37 | ||
| Q4 24 | $1.59 | $0.49 | ||
| Q3 24 | $1.65 | $-1.81 | ||
| Q2 24 | $1.91 | $-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 | — | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $5.8B | — |
| Total Assets | $7.4B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| 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 |
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $3.6B | ||
| Q3 25 | $5.7B | $3.1B | ||
| Q2 25 | $5.7B | $3.0B | ||
| Q1 25 | $5.7B | $2.8B | ||
| Q4 24 | $5.6B | $-76.2M | ||
| Q3 24 | $5.6B | $-15.5M | ||
| Q2 24 | $5.4B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $7.4B | $9.2B | ||
| Q3 25 | $7.4B | $8.7B | ||
| Q2 25 | $7.2B | $8.4B | ||
| Q1 25 | $7.2B | $8.5B | ||
| Q4 24 | $7.1B | $8.3B | ||
| Q3 24 | $7.1B | $8.3B | ||
| Q2 24 | $6.7B | $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 | $856.1M | $657.3M |
| Free Cash FlowOCF − Capex | $848.7M | — |
| FCF MarginFCF / Revenue | 271.7% | — |
| Capex IntensityCapex / Revenue | 2.4% | 117.0% |
| Cash ConversionOCF / Net Profit | 5.52× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $856.1M | $274.9M | ||
| Q3 25 | $215.9M | $237.8M | ||
| Q2 25 | $189.5M | $388.4M | ||
| Q1 25 | $221.6M | $253.8M | ||
| Q4 24 | $861.5M | $220.1M | ||
| Q3 24 | $229.2M | $197.9M | ||
| Q2 24 | $188.7M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $848.7M | $-2.7M | ||
| Q3 25 | $210.6M | $-47.8M | ||
| Q2 25 | $188.8M | $195.3M | ||
| Q1 25 | $221.3M | $59.9M | ||
| Q4 24 | $854.8M | $-20.3M | ||
| Q3 24 | $228.7M | $-49.1M | ||
| Q2 24 | $187.6M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 271.7% | -0.4% | ||
| Q3 25 | 67.5% | -10.8% | ||
| Q2 25 | 59.2% | 37.0% | ||
| Q1 25 | 69.7% | 8.2% | ||
| Q4 24 | 271.3% | -4.0% | ||
| Q3 24 | 72.2% | -15.8% | ||
| Q2 24 | 60.0% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 2.4% | 43.5% | ||
| Q3 25 | 1.7% | 64.4% | ||
| Q2 25 | 0.2% | 36.6% | ||
| Q1 25 | 0.1% | 26.4% | ||
| Q4 24 | 2.1% | 46.8% | ||
| Q3 24 | 0.2% | 79.7% | ||
| Q2 24 | 0.3% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 5.52× | 1.51× | ||
| Q3 25 | 1.31× | 2.21× | ||
| Q2 25 | 0.97× | 2.59× | ||
| Q1 25 | 1.26× | 1.17× | ||
| Q4 24 | 5.13× | 4.89× | ||
| Q3 24 | 1.30× | — | ||
| Q2 24 | 0.93× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
