vs
Side-by-side financial comparison of NCR Atleos Corp (NATL) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $637.9M, roughly 1.8× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 7.2%, a 21.3% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 4.0%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs 4.9%).
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
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.
NATL vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $637.9M |
| Net Profit | $83.0M | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | 13.5% | 43.3% |
| Net Margin | 7.2% | 28.5% |
| Revenue YoY | 4.0% | 24.1% |
| Net Profit YoY | 102.4% | 303.8% |
| EPS (diluted) | $1.09 | $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 | $1.2B | $637.9M | ||
| Q3 25 | $1.1B | $443.1M | ||
| Q2 25 | $1.1B | $527.4M | ||
| Q1 25 | $979.0M | $734.8M | ||
| Q4 24 | $1.1B | $513.8M | ||
| Q3 24 | $1.1B | $310.0M | ||
| Q2 24 | $1.1B | $338.6M | ||
| Q1 24 | $1.0B | $558.7M |
| Q4 25 | $83.0M | $181.6M | ||
| Q3 25 | $26.0M | $107.3M | ||
| Q2 25 | $39.0M | $149.8M | ||
| Q1 25 | $14.0M | $216.4M | ||
| Q4 24 | $41.0M | $45.0M | ||
| Q3 24 | $21.0M | $-167.6M | ||
| Q2 24 | $27.0M | $-54.2M | ||
| Q1 24 | $-9.0M | $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 | 13.5% | 43.3% | ||
| Q3 25 | 9.8% | 40.6% | ||
| Q2 25 | 10.8% | 43.7% | ||
| Q1 25 | 9.5% | 43.2% | ||
| Q4 24 | 13.4% | 16.8% | ||
| Q3 24 | 10.6% | -63.4% | ||
| Q2 24 | 9.8% | -15.2% | ||
| Q1 24 | 6.5% | 44.9% |
| Q4 25 | 7.2% | 28.5% | ||
| Q3 25 | 2.3% | 24.2% | ||
| Q2 25 | 3.5% | 28.4% | ||
| Q1 25 | 1.4% | 29.4% | ||
| Q4 24 | 3.7% | 8.8% | ||
| Q3 24 | 2.0% | -54.1% | ||
| Q2 24 | 2.5% | -16.0% | ||
| Q1 24 | -0.9% | 29.8% |
| Q4 25 | $1.09 | $1.98 | ||
| Q3 25 | $0.34 | $1.18 | ||
| Q2 25 | $0.52 | $1.64 | ||
| Q1 25 | $0.19 | $2.37 | ||
| Q4 24 | $0.56 | $0.49 | ||
| Q3 24 | $0.28 | $-1.81 | ||
| Q2 24 | $0.37 | $-0.59 | ||
| Q1 24 | $-0.13 | $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 | $456.0M | $271.4M |
| Total DebtLower is stronger | $2.7B | $2.7B |
| Stockholders' EquityBook value | $403.0M | $3.6B |
| Total Assets | $5.7B | $9.2B |
| Debt / EquityLower = less leverage | 6.63× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $271.4M | ||
| Q3 25 | $412.0M | $43.2M | ||
| Q2 25 | $357.0M | $39.3M | ||
| Q1 25 | $352.0M | $40.0M | ||
| Q4 24 | $419.0M | $48.7M | ||
| Q3 24 | $395.0M | $38.2M | ||
| Q2 24 | $374.0M | $81.4M | ||
| Q1 24 | $343.0M | $50.8M |
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $2.9B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | $403.0M | $3.6B | ||
| Q3 25 | $330.0M | $3.1B | ||
| Q2 25 | $350.0M | $3.0B | ||
| Q1 25 | $275.0M | $2.8B | ||
| Q4 24 | $219.0M | $-76.2M | ||
| Q3 24 | $264.0M | $-15.5M | ||
| Q2 24 | $250.0M | $5.0M | ||
| Q1 24 | $283.0M | $75.3M |
| Q4 25 | $5.7B | $9.2B | ||
| Q3 25 | $5.7B | $8.7B | ||
| Q2 25 | $5.8B | $8.4B | ||
| Q1 25 | $5.7B | $8.5B | ||
| Q4 24 | $5.5B | $8.3B | ||
| Q3 24 | $5.7B | $8.3B | ||
| Q2 24 | $5.8B | $8.5B | ||
| Q1 24 | $5.8B | $8.7B |
| Q4 25 | 6.63× | 0.75× | ||
| Q3 25 | 8.45× | 0.87× | ||
| Q2 25 | 8.05× | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 13.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 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 | $231.0M | $274.9M |
| Free Cash FlowOCF − Capex | $194.0M | $-2.7M |
| FCF MarginFCF / Revenue | 16.8% | -0.4% |
| Capex IntensityCapex / Revenue | 3.2% | 43.5% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $274.9M | ||
| Q3 25 | $25.0M | $237.8M | ||
| Q2 25 | $-23.0M | $388.4M | ||
| Q1 25 | $123.0M | $253.8M | ||
| Q4 24 | $80.0M | $220.1M | ||
| Q3 24 | $107.0M | $197.9M | ||
| Q2 24 | $9.0M | $281.8M | ||
| Q1 24 | $148.0M | $315.3M |
| Q4 25 | $194.0M | $-2.7M | ||
| Q3 25 | $-5.0M | $-47.8M | ||
| Q2 25 | $-44.0M | $195.3M | ||
| Q1 25 | $94.0M | $59.9M | ||
| Q4 24 | $62.0M | $-20.3M | ||
| Q3 24 | $85.0M | $-49.1M | ||
| Q2 24 | $-14.0M | $79.5M | ||
| Q1 24 | $124.0M | $80.3M |
| Q4 25 | 16.8% | -0.4% | ||
| Q3 25 | -0.4% | -10.8% | ||
| Q2 25 | -4.0% | 37.0% | ||
| Q1 25 | 9.6% | 8.2% | ||
| Q4 24 | 5.6% | -4.0% | ||
| Q3 24 | 7.9% | -15.8% | ||
| Q2 24 | -1.3% | 23.5% | ||
| Q1 24 | 11.9% | 14.4% |
| Q4 25 | 3.2% | 43.5% | ||
| Q3 25 | 2.7% | 64.4% | ||
| Q2 25 | 1.9% | 36.6% | ||
| Q1 25 | 3.0% | 26.4% | ||
| Q4 24 | 1.6% | 46.8% | ||
| Q3 24 | 2.1% | 79.7% | ||
| Q2 24 | 2.1% | 59.7% | ||
| Q1 24 | 2.3% | 42.1% |
| Q4 25 | 2.78× | 1.51× | ||
| Q3 25 | 0.96× | 2.21× | ||
| Q2 25 | -0.59× | 2.59× | ||
| Q1 25 | 8.79× | 1.17× | ||
| Q4 24 | 1.95× | 4.89× | ||
| Q3 24 | 5.10× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | — | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
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% |
