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Side-by-side financial comparison of GRACO INC (GGG) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
GRACO INC is the larger business by last-quarter revenue ($593.2M vs $425.9M, roughly 1.4× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 22.3%, a 13.4% gap on every dollar of revenue. On growth, GRACO INC posted the faster year-over-year revenue change (8.1% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 9.8%).
Graco Inc. is an American industrial company that specializes in the development and manufacturing of fluid-handling systems and products. The company is headquartered in Minneapolis, Minnesota, and markets its products to customers worldwide.
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.
GGG vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $593.2M | $425.9M |
| Net Profit | $132.5M | $152.0M |
| Gross Margin | 51.7% | — |
| Operating Margin | 26.7% | 81.5% |
| Net Margin | 22.3% | 35.7% |
| Revenue YoY | 8.1% | 1.7% |
| Net Profit YoY | 21.9% | — |
| EPS (diluted) | $0.78 | $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 | $593.2M | $637.9M | ||
| Q3 25 | $543.4M | $443.1M | ||
| Q2 25 | $571.8M | $527.4M | ||
| Q1 25 | $528.3M | $734.8M | ||
| Q4 24 | $548.7M | $513.8M | ||
| Q3 24 | $519.2M | $310.0M | ||
| Q2 24 | $553.2M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $132.5M | $181.6M | ||
| Q3 25 | $137.6M | $107.3M | ||
| Q2 25 | $127.6M | $149.8M | ||
| Q1 25 | $124.1M | $216.4M | ||
| Q4 24 | $108.7M | $45.0M | ||
| Q3 24 | $122.2M | $-167.6M | ||
| Q2 24 | $133.0M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 51.7% | 86.6% | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 52.4% | 94.7% | ||
| Q1 25 | 52.6% | 81.6% | ||
| Q4 24 | 50.9% | 87.3% | ||
| Q3 24 | 53.2% | — | ||
| Q2 24 | 54.4% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 26.7% | 43.3% | ||
| Q3 25 | 30.3% | 40.6% | ||
| Q2 25 | 27.5% | 43.7% | ||
| Q1 25 | 27.3% | 43.2% | ||
| Q4 24 | 23.7% | 16.8% | ||
| Q3 24 | 28.1% | -63.4% | ||
| Q2 24 | 29.2% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 22.3% | 28.5% | ||
| Q3 25 | 25.3% | 24.2% | ||
| Q2 25 | 22.3% | 28.4% | ||
| Q1 25 | 23.5% | 29.4% | ||
| Q4 24 | 19.8% | 8.8% | ||
| Q3 24 | 23.5% | -54.1% | ||
| Q2 24 | 24.0% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.78 | $1.98 | ||
| Q3 25 | $0.82 | $1.18 | ||
| Q2 25 | $0.76 | $1.64 | ||
| Q1 25 | $0.72 | $2.37 | ||
| Q4 24 | $0.63 | $0.49 | ||
| Q3 24 | $0.71 | $-1.81 | ||
| Q2 24 | $0.77 | $-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 | $624.1M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $3.3B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $624.1M | $271.4M | ||
| Q3 25 | $618.7M | $43.2M | ||
| Q2 25 | $534.9M | $39.3M | ||
| Q1 25 | $536.1M | $40.0M | ||
| Q4 24 | $675.3M | $48.7M | ||
| Q3 24 | $764.5M | $38.2M | ||
| Q2 24 | $666.0M | $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 | $2.7B | $3.6B | ||
| Q3 25 | $2.6B | $3.1B | ||
| Q2 25 | $2.5B | $3.0B | ||
| Q1 25 | $2.5B | $2.8B | ||
| Q4 24 | $2.6B | $-76.2M | ||
| Q3 24 | $2.5B | $-15.5M | ||
| Q2 24 | $2.4B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.3B | $9.2B | ||
| Q3 25 | $3.2B | $8.7B | ||
| Q2 25 | $3.0B | $8.4B | ||
| Q1 25 | $3.0B | $8.5B | ||
| Q4 24 | $3.1B | $8.3B | ||
| Q3 24 | $3.0B | $8.3B | ||
| Q2 24 | $2.9B | $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 | $196.3M | $657.3M |
| Free Cash FlowOCF − Capex | $184.3M | — |
| FCF MarginFCF / Revenue | 31.1% | — |
| Capex IntensityCapex / Revenue | 2.0% | 117.0% |
| Cash ConversionOCF / Net Profit | 1.48× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $637.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $196.3M | $274.9M | ||
| Q3 25 | $179.2M | $237.8M | ||
| Q2 25 | $182.7M | $388.4M | ||
| Q1 25 | $125.4M | $253.8M | ||
| Q4 24 | $185.2M | $220.1M | ||
| Q3 24 | $178.6M | $197.9M | ||
| Q2 24 | $139.0M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $184.3M | $-2.7M | ||
| Q3 25 | $175.7M | $-47.8M | ||
| Q2 25 | $163.1M | $195.3M | ||
| Q1 25 | $114.8M | $59.9M | ||
| Q4 24 | $171.3M | $-20.3M | ||
| Q3 24 | $159.2M | $-49.1M | ||
| Q2 24 | $102.7M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | -0.4% | ||
| Q3 25 | 32.3% | -10.8% | ||
| Q2 25 | 28.5% | 37.0% | ||
| Q1 25 | 21.7% | 8.2% | ||
| Q4 24 | 31.2% | -4.0% | ||
| Q3 24 | 30.7% | -15.8% | ||
| Q2 24 | 18.6% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 2.0% | 43.5% | ||
| Q3 25 | 0.6% | 64.4% | ||
| Q2 25 | 3.4% | 36.6% | ||
| Q1 25 | 2.0% | 26.4% | ||
| Q4 24 | 2.5% | 46.8% | ||
| Q3 24 | 3.7% | 79.7% | ||
| Q2 24 | 6.6% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 1.48× | 1.51× | ||
| Q3 25 | 1.30× | 2.21× | ||
| Q2 25 | 1.43× | 2.59× | ||
| Q1 25 | 1.01× | 1.17× | ||
| Q4 24 | 1.70× | 4.89× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GGG
| Industrial | $284.3M | 48% |
| Contractor | $265.5M | 45% |
| Other | $43.4M | 7% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
