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Side-by-side financial comparison of KILROY REALTY CORP (KRC) 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 $272.2M, roughly 1.6× KILROY REALTY CORP). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 6.3%, a 29.4% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -5.0%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $425.9M |
| Net Profit | $17.1M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | — | 81.5% |
| Net Margin | 6.3% | 35.7% |
| Revenue YoY | -5.0% | 1.7% |
| Net Profit YoY | -73.7% | — |
| EPS (diluted) | $0.11 | $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 | $272.2M | $637.9M | ||
| Q3 25 | $279.7M | $443.1M | ||
| Q2 25 | $289.9M | $527.4M | ||
| Q1 25 | $270.8M | $734.8M | ||
| Q4 24 | $286.4M | $513.8M | ||
| Q3 24 | $289.9M | $310.0M | ||
| Q2 24 | $280.7M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $17.1M | $181.6M | ||
| Q3 25 | $162.3M | $107.3M | ||
| Q2 25 | $79.6M | $149.8M | ||
| Q1 25 | $43.7M | $216.4M | ||
| Q4 24 | $65.0M | $45.0M | ||
| Q3 24 | $57.7M | $-167.6M | ||
| Q2 24 | $54.5M | $-54.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 81.5% | ||
| Q4 25 | — | 43.3% | ||
| Q3 25 | — | 40.6% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | -63.4% | ||
| Q2 24 | — | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 6.3% | 28.5% | ||
| Q3 25 | 58.0% | 24.2% | ||
| Q2 25 | 27.4% | 28.4% | ||
| Q1 25 | 16.1% | 29.4% | ||
| Q4 24 | 22.7% | 8.8% | ||
| Q3 24 | 19.9% | -54.1% | ||
| Q2 24 | 19.4% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.11 | $1.98 | ||
| Q3 25 | $1.31 | $1.18 | ||
| Q2 25 | $0.57 | $1.64 | ||
| Q1 25 | $0.33 | $2.37 | ||
| Q4 24 | $0.50 | $0.49 | ||
| Q3 24 | $0.44 | $-1.81 | ||
| Q2 24 | $0.41 | $-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 | $179.3M | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $5.4B | — |
| Total Assets | $10.9B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $179.3M | $271.4M | ||
| Q3 25 | $372.4M | $43.2M | ||
| Q2 25 | $193.1M | $39.3M | ||
| Q1 25 | $146.7M | $40.0M | ||
| Q4 24 | $165.7M | $48.7M | ||
| Q3 24 | $625.4M | $38.2M | ||
| Q2 24 | $835.9M | $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 | $5.4B | $3.6B | ||
| Q3 25 | $5.5B | $3.1B | ||
| Q2 25 | $5.4B | $3.0B | ||
| Q1 25 | $5.4B | $2.8B | ||
| Q4 24 | $5.4B | $-76.2M | ||
| Q3 24 | $5.4B | $-15.5M | ||
| Q2 24 | $5.4B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $10.9B | $9.2B | ||
| Q3 25 | $11.0B | $8.7B | ||
| Q2 25 | $10.9B | $8.4B | ||
| Q1 25 | $10.9B | $8.5B | ||
| Q4 24 | $10.9B | $8.3B | ||
| Q3 24 | $11.4B | $8.3B | ||
| Q2 24 | $11.5B | $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 | $566.3M | $657.3M |
| Free Cash FlowOCF − Capex | $450.3M | — |
| FCF MarginFCF / Revenue | 165.4% | — |
| Capex IntensityCapex / Revenue | 42.6% | 117.0% |
| Cash ConversionOCF / Net Profit | 33.10× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $566.3M | $274.9M | ||
| Q3 25 | $176.6M | $237.8M | ||
| Q2 25 | $143.7M | $388.4M | ||
| Q1 25 | $136.9M | $253.8M | ||
| Q4 24 | $541.1M | $220.1M | ||
| Q3 24 | $176.3M | $197.9M | ||
| Q2 24 | $88.7M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $450.3M | $-2.7M | ||
| Q3 25 | $148.7M | $-47.8M | ||
| Q2 25 | $118.4M | $195.3M | ||
| Q1 25 | $115.6M | $59.9M | ||
| Q4 24 | $440.8M | $-20.3M | ||
| Q3 24 | $147.2M | $-49.1M | ||
| Q2 24 | $69.5M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 165.4% | -0.4% | ||
| Q3 25 | 53.1% | -10.8% | ||
| Q2 25 | 40.9% | 37.0% | ||
| Q1 25 | 42.7% | 8.2% | ||
| Q4 24 | 153.9% | -4.0% | ||
| Q3 24 | 50.8% | -15.8% | ||
| Q2 24 | 24.7% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 42.6% | 43.5% | ||
| Q3 25 | 10.0% | 64.4% | ||
| Q2 25 | 8.7% | 36.6% | ||
| Q1 25 | 7.9% | 26.4% | ||
| Q4 24 | 35.0% | 46.8% | ||
| Q3 24 | 10.1% | 79.7% | ||
| Q2 24 | 6.8% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 33.10× | 1.51× | ||
| Q3 25 | 1.09× | 2.21× | ||
| Q2 25 | 1.81× | 2.59× | ||
| Q1 25 | 3.13× | 1.17× | ||
| Q4 24 | 8.32× | 4.89× | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
