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Side-by-side financial comparison of Fabrinet (FN) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $425.9M, roughly 2.7× NATIONAL FUEL GAS CO). 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, Fabrinet posted the faster year-over-year revenue change (35.9% vs 1.7%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 12.1%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs NFG — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $425.9M |
| Net Profit | $112.6M | $152.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | 81.5% |
| Net Margin | 9.9% | 35.7% |
| Revenue YoY | 35.9% | 1.7% |
| Net Profit YoY | 30.0% | — |
| EPS (diluted) | $3.11 | $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 | $1.1B | $637.9M | ||
| Q3 25 | $978.1M | $443.1M | ||
| Q2 25 | $909.7M | $527.4M | ||
| Q1 25 | $871.8M | $734.8M | ||
| Q4 24 | $833.6M | $513.8M | ||
| Q3 24 | $804.2M | $310.0M | ||
| Q2 24 | $753.3M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $112.6M | $181.6M | ||
| Q3 25 | $95.9M | $107.3M | ||
| Q2 25 | $87.2M | $149.8M | ||
| Q1 25 | $81.3M | $216.4M | ||
| Q4 24 | $86.6M | $45.0M | ||
| Q3 24 | $77.4M | $-167.6M | ||
| Q2 24 | $81.1M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 86.6% | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | 94.7% | ||
| Q1 25 | 11.7% | 81.6% | ||
| Q4 24 | 12.1% | 87.3% | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 10.1% | 43.3% | ||
| Q3 25 | 9.6% | 40.6% | ||
| Q2 25 | 9.8% | 43.7% | ||
| Q1 25 | 9.0% | 43.2% | ||
| Q4 24 | 9.5% | 16.8% | ||
| Q3 24 | 9.6% | -63.4% | ||
| Q2 24 | 9.7% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 9.9% | 28.5% | ||
| Q3 25 | 9.8% | 24.2% | ||
| Q2 25 | 9.6% | 28.4% | ||
| Q1 25 | 9.3% | 29.4% | ||
| Q4 24 | 10.4% | 8.8% | ||
| Q3 24 | 9.6% | -54.1% | ||
| Q2 24 | 10.8% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $3.11 | $1.98 | ||
| Q3 25 | $2.66 | $1.18 | ||
| Q2 25 | $2.41 | $1.64 | ||
| Q1 25 | $2.25 | $2.37 | ||
| Q4 24 | $2.38 | $0.49 | ||
| Q3 24 | $2.13 | $-1.81 | ||
| Q2 24 | $2.22 | $-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 | $960.8M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $3.3B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $960.8M | $271.4M | ||
| Q3 25 | $968.8M | $43.2M | ||
| Q2 25 | $934.2M | $39.3M | ||
| Q1 25 | $950.7M | $40.0M | ||
| Q4 24 | $934.6M | $48.7M | ||
| Q3 24 | $908.9M | $38.2M | ||
| Q2 24 | $858.6M | $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 | $2.2B | $3.6B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | $2.0B | $3.0B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $1.8B | $-76.2M | ||
| Q3 24 | $1.8B | $-15.5M | ||
| Q2 24 | $1.7B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.3B | $9.2B | ||
| Q3 25 | $3.0B | $8.7B | ||
| Q2 25 | $2.8B | $8.4B | ||
| Q1 25 | $2.6B | $8.5B | ||
| Q4 24 | $2.5B | $8.3B | ||
| Q3 24 | $2.4B | $8.3B | ||
| Q2 24 | $2.3B | $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 | $46.3M | $657.3M |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | 117.0% |
| Cash ConversionOCF / Net Profit | 0.41× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $46.3M | $274.9M | ||
| Q3 25 | $102.6M | $237.8M | ||
| Q2 25 | $55.1M | $388.4M | ||
| Q1 25 | $74.2M | $253.8M | ||
| Q4 24 | $115.9M | $220.1M | ||
| Q3 24 | $83.2M | $197.9M | ||
| Q2 24 | $83.1M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $-2.7M | ||
| Q3 25 | $57.3M | $-47.8M | ||
| Q2 25 | $4.7M | $195.3M | ||
| Q1 25 | $45.7M | $59.9M | ||
| Q4 24 | $94.0M | $-20.3M | ||
| Q3 24 | $62.9M | $-49.1M | ||
| Q2 24 | $70.4M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | -0.4% | ||
| Q3 25 | 5.9% | -10.8% | ||
| Q2 25 | 0.5% | 37.0% | ||
| Q1 25 | 5.2% | 8.2% | ||
| Q4 24 | 11.3% | -4.0% | ||
| Q3 24 | 7.8% | -15.8% | ||
| Q2 24 | 9.3% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 4.6% | 43.5% | ||
| Q3 25 | 4.6% | 64.4% | ||
| Q2 25 | 5.5% | 36.6% | ||
| Q1 25 | 3.3% | 26.4% | ||
| Q4 24 | 2.6% | 46.8% | ||
| Q3 24 | 2.5% | 79.7% | ||
| Q2 24 | 1.7% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 0.41× | 1.51× | ||
| Q3 25 | 1.07× | 2.21× | ||
| Q2 25 | 0.63× | 2.59× | ||
| Q1 25 | 0.91× | 1.17× | ||
| Q4 24 | 1.34× | 4.89× | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
