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Side-by-side financial comparison of Noble Corp plc (NE) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $637.9M, roughly 1.2× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 11.3%, a 17.1% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-2.7M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 6.9%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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.
NE vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $637.9M |
| Net Profit | $86.6M | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | 5.6% | 43.3% |
| Net Margin | 11.3% | 28.5% |
| Revenue YoY | -17.6% | 24.1% |
| Net Profit YoY | -10.4% | 303.8% |
| EPS (diluted) | $0.54 | $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 | $764.4M | $637.9M | ||
| Q3 25 | $798.0M | $443.1M | ||
| Q2 25 | $848.7M | $527.4M | ||
| Q1 25 | $874.5M | $734.8M | ||
| Q4 24 | $927.3M | $513.8M | ||
| Q3 24 | $800.5M | $310.0M | ||
| Q2 24 | $692.8M | $338.6M | ||
| Q1 24 | $637.1M | $558.7M |
| Q4 25 | $86.6M | $181.6M | ||
| Q3 25 | $-21.1M | $107.3M | ||
| Q2 25 | $42.9M | $149.8M | ||
| Q1 25 | $108.3M | $216.4M | ||
| Q4 24 | $96.6M | $45.0M | ||
| Q3 24 | $61.2M | $-167.6M | ||
| Q2 24 | $195.0M | $-54.2M | ||
| Q1 24 | $95.5M | $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 | 5.6% | 43.3% | ||
| Q3 25 | 6.3% | 40.6% | ||
| Q2 25 | 15.9% | 43.7% | ||
| Q1 25 | 21.4% | 43.2% | ||
| Q4 24 | 18.4% | 16.8% | ||
| Q3 24 | 14.4% | -63.4% | ||
| Q2 24 | 30.3% | -15.2% | ||
| Q1 24 | 16.9% | 44.9% |
| Q4 25 | 11.3% | 28.5% | ||
| Q3 25 | -2.6% | 24.2% | ||
| Q2 25 | 5.1% | 28.4% | ||
| Q1 25 | 12.4% | 29.4% | ||
| Q4 24 | 10.4% | 8.8% | ||
| Q3 24 | 7.6% | -54.1% | ||
| Q2 24 | 28.1% | -16.0% | ||
| Q1 24 | 15.0% | 29.8% |
| Q4 25 | $0.54 | $1.98 | ||
| Q3 25 | $-0.13 | $1.18 | ||
| Q2 25 | $0.27 | $1.64 | ||
| Q1 25 | $0.67 | $2.37 | ||
| Q4 24 | $0.56 | $0.49 | ||
| Q3 24 | $0.40 | $-1.81 | ||
| Q2 24 | $1.34 | $-0.59 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $271.4M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $4.5B | $3.6B |
| Total Assets | $7.5B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $271.4M | ||
| Q3 25 | $477.9M | $43.2M | ||
| Q2 25 | $338.2M | $39.3M | ||
| Q1 25 | $303.8M | $40.0M | ||
| Q4 24 | $247.3M | $48.7M | ||
| Q3 24 | $391.9M | $38.2M | ||
| Q2 24 | $162.9M | $81.4M | ||
| Q1 24 | $212.5M | $50.8M |
| 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 24 | — | $2.4B |
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.5B | $3.1B | ||
| Q2 25 | $4.6B | $3.0B | ||
| Q1 25 | $4.7B | $2.8B | ||
| Q4 24 | $4.7B | $-76.2M | ||
| Q3 24 | $4.7B | $-15.5M | ||
| Q2 24 | $4.0B | $5.0M | ||
| Q1 24 | $3.9B | $75.3M |
| Q4 25 | $7.5B | $9.2B | ||
| Q3 25 | $7.6B | $8.7B | ||
| Q2 25 | $7.7B | $8.4B | ||
| Q1 25 | $7.9B | $8.5B | ||
| Q4 24 | $8.0B | $8.3B | ||
| Q3 24 | $8.0B | $8.3B | ||
| Q2 24 | $5.6B | $8.5B | ||
| Q1 24 | $5.4B | $8.7B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| 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 | $187.1M | $274.9M |
| Free Cash FlowOCF − Capex | $35.4M | $-2.7M |
| FCF MarginFCF / Revenue | 4.6% | -0.4% |
| Capex IntensityCapex / Revenue | 19.9% | 43.5% |
| Cash ConversionOCF / Net Profit | 2.16× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $274.9M | ||
| Q3 25 | $277.1M | $237.8M | ||
| Q2 25 | $216.4M | $388.4M | ||
| Q1 25 | $271.1M | $253.8M | ||
| Q4 24 | $136.2M | $220.1M | ||
| Q3 24 | $283.8M | $197.9M | ||
| Q2 24 | $106.8M | $281.8M | ||
| Q1 24 | $128.7M | $315.3M |
| Q4 25 | $35.4M | $-2.7M | ||
| Q3 25 | $139.5M | $-47.8M | ||
| Q2 25 | $99.8M | $195.3M | ||
| Q1 25 | $157.5M | $59.9M | ||
| Q4 24 | $-4.4M | $-20.3M | ||
| Q3 24 | $156.8M | $-49.1M | ||
| Q2 24 | $-34.3M | $79.5M | ||
| Q1 24 | $-37.9M | $80.3M |
| Q4 25 | 4.6% | -0.4% | ||
| Q3 25 | 17.5% | -10.8% | ||
| Q2 25 | 11.8% | 37.0% | ||
| Q1 25 | 18.0% | 8.2% | ||
| Q4 24 | -0.5% | -4.0% | ||
| Q3 24 | 19.6% | -15.8% | ||
| Q2 24 | -4.9% | 23.5% | ||
| Q1 24 | -6.0% | 14.4% |
| Q4 25 | 19.9% | 43.5% | ||
| Q3 25 | 17.3% | 64.4% | ||
| Q2 25 | 13.7% | 36.6% | ||
| Q1 25 | 13.0% | 26.4% | ||
| Q4 24 | 15.2% | 46.8% | ||
| Q3 24 | 15.9% | 79.7% | ||
| Q2 24 | 20.4% | 59.7% | ||
| Q1 24 | 26.2% | 42.1% |
| Q4 25 | 2.16× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 5.05× | 2.59× | ||
| Q1 25 | 2.50× | 1.17× | ||
| Q4 24 | 1.41× | 4.89× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
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% |
