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Side-by-side financial comparison of Microchip Technology (MCHP) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $425.9M, roughly 3.1× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 11.0%, a 24.7% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -72.2%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 2.8%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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.
MCHP vs NFG — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $425.9M |
| Net Profit | $144.2M | $152.0M |
| Gross Margin | 61.0% | — |
| Operating Margin | 16.6% | 81.5% |
| Net Margin | 11.0% | 35.7% |
| Revenue YoY | -72.2% | 1.7% |
| Net Profit YoY | 8.9% | — |
| EPS (diluted) | $0.21 | $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 | $1.3B | $425.9M | ||
| Q4 25 | $1.2B | $637.9M | ||
| Q3 25 | $1.1B | $443.1M | ||
| Q2 25 | $1.1B | $527.4M | ||
| Q1 25 | $970.5M | $734.8M | ||
| Q4 24 | $1.0B | $513.8M | ||
| Q3 24 | $1.2B | $310.0M | ||
| Q2 24 | $1.2B | $338.6M |
| Q1 26 | $144.2M | $152.0M | ||
| Q4 25 | $62.7M | $181.6M | ||
| Q3 25 | $41.7M | $107.3M | ||
| Q2 25 | $-18.6M | $149.8M | ||
| Q1 25 | $-154.6M | $216.4M | ||
| Q4 24 | $-53.6M | $45.0M | ||
| Q3 24 | $78.4M | $-167.6M | ||
| Q2 24 | $129.3M | $-54.2M |
| Q1 26 | 61.0% | — | ||
| Q4 25 | 59.6% | 86.6% | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | 94.7% | ||
| Q1 25 | 51.6% | 81.6% | ||
| Q4 24 | 54.7% | 87.3% | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | 98.5% |
| Q1 26 | 16.6% | 81.5% | ||
| Q4 25 | 12.8% | 43.3% | ||
| Q3 25 | 7.8% | 40.6% | ||
| Q2 25 | 3.0% | 43.7% | ||
| Q1 25 | -10.3% | 43.2% | ||
| Q4 24 | 3.0% | 16.8% | ||
| Q3 24 | 12.6% | -63.4% | ||
| Q2 24 | 17.7% | -15.2% |
| Q1 26 | 11.0% | 35.7% | ||
| Q4 25 | 5.3% | 28.5% | ||
| Q3 25 | 3.7% | 24.2% | ||
| Q2 25 | -1.7% | 28.4% | ||
| Q1 25 | -15.9% | 29.4% | ||
| Q4 24 | -5.2% | 8.8% | ||
| Q3 24 | 6.7% | -54.1% | ||
| Q2 24 | 10.4% | -16.0% |
| Q1 26 | $0.21 | $1.59 | ||
| Q4 25 | $0.06 | $1.98 | ||
| Q3 25 | $0.03 | $1.18 | ||
| Q2 25 | $-0.09 | $1.64 | ||
| Q1 25 | $-0.29 | $2.37 | ||
| Q4 24 | $-0.10 | $0.49 | ||
| Q3 24 | $0.14 | $-1.81 | ||
| Q2 24 | $0.24 | $-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 | $240.3M | — |
| Total DebtLower is stronger | $5.5B | $300.0M |
| Stockholders' EquityBook value | $6.4B | — |
| Total Assets | $14.4B | $9.1B |
| Debt / EquityLower = less leverage | 0.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $240.3M | — | ||
| Q4 25 | $250.7M | $271.4M | ||
| Q3 25 | $236.8M | $43.2M | ||
| Q2 25 | $566.5M | $39.3M | ||
| Q1 25 | $771.7M | $40.0M | ||
| Q4 24 | $586.0M | $48.7M | ||
| Q3 24 | $286.1M | $38.2M | ||
| Q2 24 | $315.1M | $81.4M |
| Q1 26 | $5.5B | $300.0M | ||
| Q4 25 | $5.4B | $2.7B | ||
| Q3 25 | $5.4B | $2.7B | ||
| Q2 25 | $5.5B | $2.7B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $6.7B | $2.7B | ||
| Q3 24 | $6.4B | $2.7B | ||
| Q2 24 | $6.2B | $2.7B |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | $3.6B | ||
| Q3 25 | $6.7B | $3.1B | ||
| Q2 25 | $6.9B | $3.0B | ||
| Q1 25 | $7.1B | $2.8B | ||
| Q4 24 | $6.0B | $-76.2M | ||
| Q3 24 | $6.3B | $-15.5M | ||
| Q2 24 | $6.4B | $5.0M |
| Q1 26 | $14.4B | $9.1B | ||
| Q4 25 | $14.3B | $9.2B | ||
| Q3 25 | $14.5B | $8.7B | ||
| Q2 25 | $15.0B | $8.4B | ||
| Q1 25 | $15.4B | $8.5B | ||
| Q4 24 | $15.6B | $8.3B | ||
| Q3 24 | $15.6B | $8.3B | ||
| Q2 24 | $15.8B | $8.5B |
| Q1 26 | 0.85× | — | ||
| Q4 25 | 0.82× | 0.75× | ||
| Q3 25 | 0.80× | 0.87× | ||
| Q2 25 | 0.80× | 0.90× | ||
| Q1 25 | 0.80× | 0.99× | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 0.96× | 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 | $242.8M | — |
| FCF MarginFCF / Revenue | 18.5% | — |
| Capex IntensityCapex / Revenue | 1.1% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $871.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $341.4M | $274.9M | ||
| Q3 25 | $88.1M | $237.8M | ||
| Q2 25 | $275.6M | $388.4M | ||
| Q1 25 | $205.9M | $253.8M | ||
| Q4 24 | $271.5M | $220.1M | ||
| Q3 24 | $43.6M | $197.9M | ||
| Q2 24 | $377.1M | $281.8M |
| Q1 26 | $242.8M | — | ||
| Q4 25 | $318.9M | $-2.7M | ||
| Q3 25 | $51.6M | $-47.8M | ||
| Q2 25 | $257.7M | $195.3M | ||
| Q1 25 | $191.7M | $59.9M | ||
| Q4 24 | $253.4M | $-20.3M | ||
| Q3 24 | $22.8M | $-49.1M | ||
| Q2 24 | $304.2M | $79.5M |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 26.9% | -0.4% | ||
| Q3 25 | 4.5% | -10.8% | ||
| Q2 25 | 24.0% | 37.0% | ||
| Q1 25 | 19.8% | 8.2% | ||
| Q4 24 | 24.7% | -4.0% | ||
| Q3 24 | 2.0% | -15.8% | ||
| Q2 24 | 24.5% | 23.5% |
| Q1 26 | 1.1% | 117.0% | ||
| Q4 25 | 1.9% | 43.5% | ||
| Q3 25 | 3.2% | 64.4% | ||
| Q2 25 | 1.7% | 36.6% | ||
| Q1 25 | 1.5% | 26.4% | ||
| Q4 24 | 1.8% | 46.8% | ||
| Q3 24 | 1.8% | 79.7% | ||
| Q2 24 | 5.9% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 5.44× | 1.51× | ||
| Q3 25 | 2.11× | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.92× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
