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Side-by-side financial comparison of MONRO, INC. (MNRO) 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 $293.4M, roughly 1.5× MONRO, INC.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 3.8%, a 31.9% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -4.0%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs NFG — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $425.9M |
| Net Profit | $11.1M | $152.0M |
| Gross Margin | 34.9% | — |
| Operating Margin | 6.3% | 81.5% |
| Net Margin | 3.8% | 35.7% |
| Revenue YoY | -4.0% | 1.7% |
| Net Profit YoY | 143.1% | — |
| EPS (diluted) | $0.35 | $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 | $293.4M | $637.9M | ||
| Q3 25 | $288.9M | $443.1M | ||
| Q2 25 | $301.0M | $527.4M | ||
| Q1 25 | $295.0M | $734.8M | ||
| Q4 24 | $305.8M | $513.8M | ||
| Q3 24 | $301.4M | $310.0M | ||
| Q2 24 | $293.2M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $11.1M | $181.6M | ||
| Q3 25 | $5.7M | $107.3M | ||
| Q2 25 | $-8.1M | $149.8M | ||
| Q1 25 | $-21.3M | $216.4M | ||
| Q4 24 | $4.6M | $45.0M | ||
| Q3 24 | $5.6M | $-167.6M | ||
| Q2 24 | $5.9M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 34.9% | 86.6% | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 35.5% | 94.7% | ||
| Q1 25 | 33.0% | 81.6% | ||
| Q4 24 | 34.3% | 87.3% | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 37.2% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 6.3% | 43.3% | ||
| Q3 25 | 4.4% | 40.6% | ||
| Q2 25 | -2.0% | 43.7% | ||
| Q1 25 | -8.1% | 43.2% | ||
| Q4 24 | 3.3% | 16.8% | ||
| Q3 24 | 4.4% | -63.4% | ||
| Q2 24 | 4.5% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 3.8% | 28.5% | ||
| Q3 25 | 2.0% | 24.2% | ||
| Q2 25 | -2.7% | 28.4% | ||
| Q1 25 | -7.2% | 29.4% | ||
| Q4 24 | 1.5% | 8.8% | ||
| Q3 24 | 1.9% | -54.1% | ||
| Q2 24 | 2.0% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.35 | $1.98 | ||
| Q3 25 | $0.18 | $1.18 | ||
| Q2 25 | $-0.28 | $1.64 | ||
| Q1 25 | $-0.74 | $2.37 | ||
| Q4 24 | $0.15 | $0.49 | ||
| Q3 24 | $0.18 | $-1.81 | ||
| Q2 24 | $0.19 | $-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 | $4.9M | — |
| Total DebtLower is stronger | $45.0M | $300.0M |
| Stockholders' EquityBook value | $604.9M | — |
| Total Assets | $1.6B | $9.1B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $271.4M | ||
| Q3 25 | $10.5M | $43.2M | ||
| Q2 25 | $7.8M | $39.3M | ||
| Q1 25 | $20.8M | $40.0M | ||
| Q4 24 | $10.2M | $48.7M | ||
| Q3 24 | $20.9M | $38.2M | ||
| Q2 24 | $18.7M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $45.0M | $2.7B | ||
| Q3 25 | $60.0M | $2.7B | ||
| Q2 25 | $71.5M | $2.7B | ||
| Q1 25 | $61.3M | $2.7B | ||
| Q4 24 | $59.3M | $2.7B | ||
| Q3 24 | $62.0M | $2.7B | ||
| Q2 24 | $112.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $604.9M | $3.6B | ||
| Q3 25 | $601.7M | $3.1B | ||
| Q2 25 | $604.9M | $3.0B | ||
| Q1 25 | $620.8M | $2.8B | ||
| Q4 24 | $648.9M | $-76.2M | ||
| Q3 24 | $651.9M | $-15.5M | ||
| Q2 24 | $654.4M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.6B | $9.2B | ||
| Q3 25 | $1.6B | $8.7B | ||
| Q2 25 | $1.6B | $8.4B | ||
| Q1 25 | $1.6B | $8.5B | ||
| Q4 24 | $1.7B | $8.3B | ||
| Q3 24 | $1.7B | $8.3B | ||
| Q2 24 | $1.7B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.75× | ||
| Q3 25 | 0.10× | 0.87× | ||
| Q2 25 | 0.12× | 0.90× | ||
| Q1 25 | 0.10× | 0.99× | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.17× | 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 | $17.8M | $657.3M |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | 117.0% |
| Cash ConversionOCF / Net Profit | 1.60× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $17.8M | $274.9M | ||
| Q3 25 | $32.3M | $237.8M | ||
| Q2 25 | $-1.9M | $388.4M | ||
| Q1 25 | $28.9M | $253.8M | ||
| Q4 24 | $14.8M | $220.1M | ||
| Q3 24 | $62.6M | $197.9M | ||
| Q2 24 | $25.6M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $9.1M | $-2.7M | ||
| Q3 25 | $26.6M | $-47.8M | ||
| Q2 25 | $-9.3M | $195.3M | ||
| Q1 25 | $23.2M | $59.9M | ||
| Q4 24 | $7.9M | $-20.3M | ||
| Q3 24 | $57.6M | $-49.1M | ||
| Q2 24 | $16.8M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | -0.4% | ||
| Q3 25 | 9.2% | -10.8% | ||
| Q2 25 | -3.1% | 37.0% | ||
| Q1 25 | 7.9% | 8.2% | ||
| Q4 24 | 2.6% | -4.0% | ||
| Q3 24 | 19.1% | -15.8% | ||
| Q2 24 | 5.7% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 3.0% | 43.5% | ||
| Q3 25 | 2.0% | 64.4% | ||
| Q2 25 | 2.5% | 36.6% | ||
| Q1 25 | 1.9% | 26.4% | ||
| Q4 24 | 2.2% | 46.8% | ||
| Q3 24 | 1.6% | 79.7% | ||
| Q2 24 | 3.0% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 1.60× | 1.51× | ||
| Q3 25 | 5.71× | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | 3.23× | 4.89× | ||
| Q3 24 | 11.08× | — | ||
| Q2 24 | 4.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
