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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $425.9M, roughly 1.1× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 0.7%, a 35.0% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 7.6%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs NFG — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $425.9M |
| Net Profit | $3.4M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | 2.0% | 81.5% |
| Net Margin | 0.7% | 35.7% |
| Revenue YoY | 7.9% | 1.7% |
| Net Profit YoY | 139.8% | — |
| EPS (diluted) | $0.04 | $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 | — | $637.9M | ||
| Q3 25 | $487.3M | $443.1M | ||
| Q2 25 | $486.4M | $527.4M | ||
| Q1 25 | $510.3M | $734.8M | ||
| Q4 24 | $437.3M | $513.8M | ||
| Q3 24 | $451.5M | $310.0M | ||
| Q2 24 | $451.7M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | — | $181.6M | ||
| Q3 25 | $3.4M | $107.3M | ||
| Q2 25 | $8.7M | $149.8M | ||
| Q1 25 | $14.2M | $216.4M | ||
| Q4 24 | $-28.6M | $45.0M | ||
| Q3 24 | $-8.5M | $-167.6M | ||
| Q2 24 | $-3.1M | $-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 | — | 43.3% | ||
| Q3 25 | 2.0% | 40.6% | ||
| Q2 25 | 3.4% | 43.7% | ||
| Q1 25 | 5.1% | 43.2% | ||
| Q4 24 | -5.8% | 16.8% | ||
| Q3 24 | -2.0% | -63.4% | ||
| Q2 24 | 0.1% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 0.7% | 24.2% | ||
| Q2 25 | 1.8% | 28.4% | ||
| Q1 25 | 2.8% | 29.4% | ||
| Q4 24 | -6.5% | 8.8% | ||
| Q3 24 | -1.9% | -54.1% | ||
| Q2 24 | -0.7% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | — | $1.98 | ||
| Q3 25 | $0.04 | $1.18 | ||
| Q2 25 | $0.11 | $1.64 | ||
| Q1 25 | $0.18 | $2.37 | ||
| Q4 24 | $-0.36 | $0.49 | ||
| Q3 24 | $-0.11 | $-1.81 | ||
| Q2 24 | $-0.04 | $-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 | $56.0M | — |
| Total DebtLower is stronger | $236.5M | $300.0M |
| Stockholders' EquityBook value | $858.8M | — |
| Total Assets | $2.0B | $9.1B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $271.4M | ||
| Q3 25 | $56.0M | $43.2M | ||
| Q2 25 | $48.5M | $39.3M | ||
| Q1 25 | $80.0M | $40.0M | ||
| Q4 24 | $73.9M | $48.7M | ||
| Q3 24 | $81.2M | $38.2M | ||
| Q2 24 | $179.5M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $236.5M | $2.7B | ||
| Q2 25 | $255.6M | $2.7B | ||
| Q1 25 | $244.7M | $2.7B | ||
| Q4 24 | $248.6M | $2.7B | ||
| Q3 24 | $252.8M | $2.7B | ||
| Q2 24 | $143.9M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $858.8M | $3.1B | ||
| Q2 25 | $850.6M | $3.0B | ||
| Q1 25 | $836.2M | $2.8B | ||
| Q4 24 | $816.3M | $-76.2M | ||
| Q3 24 | $840.0M | $-15.5M | ||
| Q2 24 | $843.4M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $9.2B | ||
| Q3 25 | $2.0B | $8.7B | ||
| Q2 25 | $2.0B | $8.4B | ||
| Q1 25 | $2.0B | $8.5B | ||
| Q4 24 | $2.0B | $8.3B | ||
| Q3 24 | $2.0B | $8.3B | ||
| Q2 24 | $2.1B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | 0.28× | 0.87× | ||
| Q2 25 | 0.30× | 0.90× | ||
| Q1 25 | 0.29× | 0.99× | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.17× | 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 | $46.6M | $657.3M |
| Free Cash FlowOCF − Capex | $30.3M | — |
| FCF MarginFCF / Revenue | 6.2% | — |
| Capex IntensityCapex / Revenue | 3.4% | 117.0% |
| Cash ConversionOCF / Net Profit | 13.83× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | — | $274.9M | ||
| Q3 25 | $46.6M | $237.8M | ||
| Q2 25 | $54.3M | $388.4M | ||
| Q1 25 | $32.2M | $253.8M | ||
| Q4 24 | $30.3M | $220.1M | ||
| Q3 24 | $27.9M | $197.9M | ||
| Q2 24 | $51.5M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | $30.3M | $-47.8M | ||
| Q2 25 | $42.4M | $195.3M | ||
| Q1 25 | $12.0M | $59.9M | ||
| Q4 24 | $-1.7M | $-20.3M | ||
| Q3 24 | $4.1M | $-49.1M | ||
| Q2 24 | $31.9M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | 6.2% | -10.8% | ||
| Q2 25 | 8.7% | 37.0% | ||
| Q1 25 | 2.4% | 8.2% | ||
| Q4 24 | -0.4% | -4.0% | ||
| Q3 24 | 0.9% | -15.8% | ||
| Q2 24 | 7.1% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | 3.4% | 64.4% | ||
| Q2 25 | 2.4% | 36.6% | ||
| Q1 25 | 4.0% | 26.4% | ||
| Q4 24 | 7.3% | 46.8% | ||
| Q3 24 | 5.3% | 79.7% | ||
| Q2 24 | 4.3% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | 13.83× | 2.21× | ||
| Q2 25 | 6.22× | 2.59× | ||
| Q1 25 | 2.27× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
