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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) 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 $256.5M, roughly 1.7× Great Lakes Dredge & Dock CORP). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 4.9%, a 30.8% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 1.7%). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% CAGR vs 12.1%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
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.
GLDD vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $425.9M |
| Net Profit | $12.6M | $152.0M |
| Gross Margin | 20.9% | — |
| Operating Margin | 12.7% | 81.5% |
| Net Margin | 4.9% | 35.7% |
| Revenue YoY | 26.5% | 1.7% |
| Net Profit YoY | -35.9% | — |
| EPS (diluted) | $0.19 | $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 | $256.5M | $637.9M | ||
| Q3 25 | $195.2M | $443.1M | ||
| Q2 25 | $193.8M | $527.4M | ||
| Q1 25 | $242.9M | $734.8M | ||
| Q4 24 | $202.8M | $513.8M | ||
| Q3 24 | $191.2M | $310.0M | ||
| Q2 24 | $170.1M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $12.6M | $181.6M | ||
| Q3 25 | $17.7M | $107.3M | ||
| Q2 25 | $9.7M | $149.8M | ||
| Q1 25 | $33.4M | $216.4M | ||
| Q4 24 | $19.7M | $45.0M | ||
| Q3 24 | $8.9M | $-167.6M | ||
| Q2 24 | $7.7M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 20.9% | 86.6% | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 18.9% | 94.7% | ||
| Q1 25 | 28.6% | 81.6% | ||
| Q4 24 | 24.1% | 87.3% | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.5% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 12.7% | 43.3% | ||
| Q3 25 | 14.4% | 40.6% | ||
| Q2 25 | 8.8% | 43.7% | ||
| Q1 25 | 20.6% | 43.2% | ||
| Q4 24 | 14.8% | 16.8% | ||
| Q3 24 | 8.7% | -63.4% | ||
| Q2 24 | 8.6% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 4.9% | 28.5% | ||
| Q3 25 | 9.1% | 24.2% | ||
| Q2 25 | 5.0% | 28.4% | ||
| Q1 25 | 13.8% | 29.4% | ||
| Q4 24 | 9.7% | 8.8% | ||
| Q3 24 | 4.6% | -54.1% | ||
| Q2 24 | 4.5% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.19 | $1.98 | ||
| Q3 25 | $0.26 | $1.18 | ||
| Q2 25 | $0.14 | $1.64 | ||
| Q1 25 | $0.49 | $2.37 | ||
| Q4 24 | $0.29 | $0.49 | ||
| Q3 24 | $0.13 | $-1.81 | ||
| Q2 24 | $0.11 | $-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 | $13.4M | — |
| Total DebtLower is stronger | $378.2M | $300.0M |
| Stockholders' EquityBook value | $517.1M | — |
| Total Assets | $1.3B | $9.1B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $271.4M | ||
| Q3 25 | $12.7M | $43.2M | ||
| Q2 25 | $2.9M | $39.3M | ||
| Q1 25 | $11.3M | $40.0M | ||
| Q4 24 | $10.2M | $48.7M | ||
| Q3 24 | $12.0M | $38.2M | ||
| Q2 24 | $23.1M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $378.2M | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $448.2M | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $517.1M | $3.6B | ||
| Q3 25 | $502.1M | $3.1B | ||
| Q2 25 | $481.9M | $3.0B | ||
| Q1 25 | $479.9M | $2.8B | ||
| Q4 24 | $448.9M | $-76.2M | ||
| Q3 24 | $425.4M | $-15.5M | ||
| Q2 24 | $418.0M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.3B | $9.2B | ||
| Q3 25 | $1.3B | $8.7B | ||
| Q2 25 | $1.2B | $8.4B | ||
| Q1 25 | $1.2B | $8.5B | ||
| Q4 24 | $1.3B | $8.3B | ||
| Q3 24 | $1.1B | $8.3B | ||
| Q2 24 | $1.1B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.73× | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.00× | — | ||
| 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 | $79.7M | $657.3M |
| Free Cash FlowOCF − Capex | $50.3M | — |
| FCF MarginFCF / Revenue | 19.6% | — |
| Capex IntensityCapex / Revenue | 11.5% | 117.0% |
| Cash ConversionOCF / Net Profit | 6.31× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $79.7M | $274.9M | ||
| Q3 25 | $49.2M | $237.8M | ||
| Q2 25 | $56.9M | $388.4M | ||
| Q1 25 | $60.9M | $253.8M | ||
| Q4 24 | $-13.5M | $220.1M | ||
| Q3 24 | $26.8M | $197.9M | ||
| Q2 24 | $18.4M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $50.3M | $-2.7M | ||
| Q3 25 | $13.2M | $-47.8M | ||
| Q2 25 | $-3.7M | $195.3M | ||
| Q1 25 | $39.6M | $59.9M | ||
| Q4 24 | $-36.1M | $-20.3M | ||
| Q3 24 | $-11.5M | $-49.1M | ||
| Q2 24 | $-34.0M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | -0.4% | ||
| Q3 25 | 6.8% | -10.8% | ||
| Q2 25 | -1.9% | 37.0% | ||
| Q1 25 | 16.3% | 8.2% | ||
| Q4 24 | -17.8% | -4.0% | ||
| Q3 24 | -6.0% | -15.8% | ||
| Q2 24 | -20.0% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 11.5% | 43.5% | ||
| Q3 25 | 18.4% | 64.4% | ||
| Q2 25 | 31.3% | 36.6% | ||
| Q1 25 | 8.7% | 26.4% | ||
| Q4 24 | 11.2% | 46.8% | ||
| Q3 24 | 20.0% | 79.7% | ||
| Q2 24 | 30.8% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 6.31× | 1.51× | ||
| Q3 25 | 2.77× | 2.21× | ||
| Q2 25 | 5.87× | 2.59× | ||
| Q1 25 | 1.82× | 1.17× | ||
| Q4 24 | -0.69× | 4.89× | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLDD
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
