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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Global-E Online Ltd. is the larger business by last-quarter revenue ($625.5M vs $425.9M, roughly 1.5× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 0.9%, a 34.8% gap on every dollar of revenue.
Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.
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.
GLBE vs NFG — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $425.9M |
| Net Profit | $5.8M | $152.0M |
| Gross Margin | 45.0% | — |
| Operating Margin | 1.3% | 81.5% |
| Net Margin | 0.9% | 35.7% |
| Revenue YoY | — | 1.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $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 | $625.5M | $443.1M | ||
| Q2 25 | $404.8M | $527.4M | ||
| Q1 25 | $189.9M | $734.8M | ||
| Q4 24 | — | $513.8M | ||
| Q3 24 | $489.9M | $310.0M | ||
| Q2 24 | $313.9M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | — | $181.6M | ||
| Q3 25 | $5.8M | $107.3M | ||
| Q2 25 | $-7.4M | $149.8M | ||
| Q1 25 | — | $216.4M | ||
| Q4 24 | — | $45.0M | ||
| Q3 24 | $-77.1M | $-167.6M | ||
| Q2 24 | $-54.5M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | 45.0% | — | ||
| Q2 25 | 44.9% | 94.7% | ||
| Q1 25 | 44.3% | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | 45.1% | — | ||
| Q2 24 | 44.8% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | — | 43.3% | ||
| Q3 25 | 1.3% | 40.6% | ||
| Q2 25 | -2.1% | 43.7% | ||
| Q1 25 | -10.1% | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | -14.9% | -63.4% | ||
| Q2 24 | -16.6% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 0.9% | 24.2% | ||
| Q2 25 | -1.8% | 28.4% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | -15.7% | -54.1% | ||
| Q2 24 | -17.4% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | — | $1.98 | ||
| Q3 25 | — | $1.18 | ||
| Q2 25 | — | $1.64 | ||
| Q1 25 | — | $2.37 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-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 | $251.4M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $933.0M | — |
| Total Assets | $1.3B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $271.4M | ||
| Q3 25 | $251.4M | $43.2M | ||
| Q2 25 | $205.2M | $39.3M | ||
| Q1 25 | $207.7M | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | $207.3M | $38.2M | ||
| Q2 24 | $229.8M | $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 | — | $3.6B | ||
| Q3 25 | $933.0M | $3.1B | ||
| Q2 25 | $909.1M | $3.0B | ||
| Q1 25 | $884.3M | $2.8B | ||
| Q4 24 | — | $-76.2M | ||
| Q3 24 | $869.4M | $-15.5M | ||
| Q2 24 | $878.7M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $9.2B | ||
| Q3 25 | $1.3B | $8.7B | ||
| Q2 25 | $1.2B | $8.4B | ||
| Q1 25 | $1.2B | $8.5B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | $1.2B | $8.3B | ||
| Q2 24 | $1.1B | $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 | — | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | — | $274.9M | ||
| Q3 25 | — | $237.8M | ||
| Q2 25 | — | $388.4M | ||
| Q1 25 | — | $253.8M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 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
GLBE
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
