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Side-by-side financial comparison of KEMPER Corp (KMPR) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $637.9M, roughly 1.8× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs -0.7%, a 29.2% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -4.7%). KEMPER Corp produced more free cash flow last quarter ($166.2M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs -0.5%).
Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
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.
KMPR vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $637.9M |
| Net Profit | $-8.0M | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | — | 43.3% |
| Net Margin | -0.7% | 28.5% |
| Revenue YoY | -4.7% | 24.1% |
| Net Profit YoY | -108.2% | 303.8% |
| EPS (diluted) | $-0.03 | $1.98 |
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.
| Q4 25 | $1.1B | $637.9M | ||
| Q3 25 | $1.2B | $443.1M | ||
| Q2 25 | $1.2B | $527.4M | ||
| Q1 25 | $1.2B | $734.8M | ||
| Q4 24 | $1.2B | $513.8M | ||
| Q3 24 | $1.2B | $310.0M | ||
| Q2 24 | $1.1B | $338.6M | ||
| Q1 24 | $1.1B | $558.7M |
| Q4 25 | $-8.0M | $181.6M | ||
| Q3 25 | $-21.0M | $107.3M | ||
| Q2 25 | $72.6M | $149.8M | ||
| Q1 25 | $99.7M | $216.4M | ||
| Q4 24 | $97.4M | $45.0M | ||
| Q3 24 | $73.7M | $-167.6M | ||
| Q2 24 | $75.4M | $-54.2M | ||
| Q1 24 | $71.3M | $166.3M |
| 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 24 | — | 81.0% |
| Q4 25 | — | 43.3% | ||
| Q3 25 | — | 40.6% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 11.2% | -63.4% | ||
| Q2 24 | 10.1% | -15.2% | ||
| Q1 24 | 7.6% | 44.9% |
| Q4 25 | -0.7% | 28.5% | ||
| Q3 25 | -1.7% | 24.2% | ||
| Q2 25 | 5.9% | 28.4% | ||
| Q1 25 | 8.4% | 29.4% | ||
| Q4 24 | 8.2% | 8.8% | ||
| Q3 24 | 6.3% | -54.1% | ||
| Q2 24 | 6.7% | -16.0% | ||
| Q1 24 | 6.2% | 29.8% |
| Q4 25 | $-0.03 | $1.98 | ||
| Q3 25 | $-0.34 | $1.18 | ||
| Q2 25 | $1.12 | $1.64 | ||
| Q1 25 | $1.54 | $2.37 | ||
| Q4 24 | $1.51 | $0.49 | ||
| Q3 24 | $1.14 | $-1.81 | ||
| Q2 24 | $1.16 | $-0.59 | ||
| Q1 24 | $1.10 | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $271.4M |
| Total DebtLower is stronger | $943.5M | $2.7B |
| Stockholders' EquityBook value | $2.7B | $3.6B |
| Total Assets | $12.5B | $9.2B |
| Debt / EquityLower = less leverage | 0.35× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $271.4M | ||
| Q3 25 | $371.2M | $43.2M | ||
| Q2 25 | $407.6M | $39.3M | ||
| Q1 25 | $545.3M | $40.0M | ||
| Q4 24 | $1.0B | $48.7M | ||
| Q3 24 | $696.9M | $38.2M | ||
| Q2 24 | $539.1M | $81.4M | ||
| Q1 24 | $520.7M | $50.8M |
| Q4 25 | $943.5M | $2.7B | ||
| Q3 25 | $943.1M | $2.7B | ||
| Q2 25 | $942.6M | $2.7B | ||
| Q1 25 | $942.1M | $2.7B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | $2.7B | $3.6B | ||
| Q3 25 | $2.7B | $3.1B | ||
| Q2 25 | $370.0M | $3.0B | ||
| Q1 25 | $366.0M | $2.8B | ||
| Q4 24 | $2.8B | $-76.2M | ||
| Q3 24 | $2.8B | $-15.5M | ||
| Q2 24 | $358.0M | $5.0M | ||
| Q1 24 | $2.6B | $75.3M |
| Q4 25 | $12.5B | $9.2B | ||
| Q3 25 | $12.4B | $8.7B | ||
| Q2 25 | $12.6B | $8.4B | ||
| Q1 25 | $12.5B | $8.5B | ||
| Q4 24 | $12.6B | $8.3B | ||
| Q3 24 | $12.6B | $8.3B | ||
| Q2 24 | $12.6B | $8.5B | ||
| Q1 24 | $12.6B | $8.7B |
| Q4 25 | 0.35× | 0.75× | ||
| Q3 25 | 0.35× | 0.87× | ||
| Q2 25 | 2.55× | 0.90× | ||
| Q1 25 | 2.57× | 0.99× | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 3.88× | 532.10× | ||
| Q1 24 | 0.54× | 31.68× |
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 | $175.0M | $274.9M |
| Free Cash FlowOCF − Capex | $166.2M | $-2.7M |
| FCF MarginFCF / Revenue | 14.7% | -0.4% |
| Capex IntensityCapex / Revenue | 0.8% | 43.5% |
| Cash ConversionOCF / Net Profit | — | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $553.9M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.0M | $274.9M | ||
| Q3 25 | $139.9M | $237.8M | ||
| Q2 25 | $89.6M | $388.4M | ||
| Q1 25 | $180.0M | $253.8M | ||
| Q4 24 | $175.1M | $220.1M | ||
| Q3 24 | $141.9M | $197.9M | ||
| Q2 24 | $22.9M | $281.8M | ||
| Q1 24 | $43.0M | $315.3M |
| Q4 25 | $166.2M | $-2.7M | ||
| Q3 25 | $133.4M | $-47.8M | ||
| Q2 25 | $82.0M | $195.3M | ||
| Q1 25 | $172.3M | $59.9M | ||
| Q4 24 | $165.4M | $-20.3M | ||
| Q3 24 | $131.4M | $-49.1M | ||
| Q2 24 | $5.2M | $79.5M | ||
| Q1 24 | $27.7M | $80.3M |
| Q4 25 | 14.7% | -0.4% | ||
| Q3 25 | 10.8% | -10.8% | ||
| Q2 25 | 6.7% | 37.0% | ||
| Q1 25 | 14.4% | 8.2% | ||
| Q4 24 | 13.9% | -4.0% | ||
| Q3 24 | 11.1% | -15.8% | ||
| Q2 24 | 0.5% | 23.5% | ||
| Q1 24 | 2.4% | 14.4% |
| Q4 25 | 0.8% | 43.5% | ||
| Q3 25 | 0.5% | 64.4% | ||
| Q2 25 | 0.6% | 36.6% | ||
| Q1 25 | 0.6% | 26.4% | ||
| Q4 24 | 0.8% | 46.8% | ||
| Q3 24 | 0.9% | 79.7% | ||
| Q2 24 | 1.6% | 59.7% | ||
| Q1 24 | 1.3% | 42.1% |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 1.23× | 2.59× | ||
| Q1 25 | 1.81× | 1.17× | ||
| Q4 24 | 1.80× | 4.89× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.60× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
