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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and Enpro Inc. (NPO). 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 $295.4M, roughly 1.4× Enpro Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -10.8%, a 46.5% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 7.1%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
NFG vs NPO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $295.4M |
| Net Profit | $152.0M | $-32.0M |
| Gross Margin | — | 42.1% |
| Operating Margin | 81.5% | 11.2% |
| Net Margin | 35.7% | -10.8% |
| Revenue YoY | 1.7% | 14.3% |
| Net Profit YoY | — | -330.2% |
| EPS (diluted) | $1.59 | $-1.50 |
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 | $637.9M | $295.4M | ||
| Q3 25 | $443.1M | $286.6M | ||
| Q2 25 | $527.4M | $288.1M | ||
| Q1 25 | $734.8M | $273.2M | ||
| Q4 24 | $513.8M | $258.4M | ||
| Q3 24 | $310.0M | $260.9M | ||
| Q2 24 | $338.6M | $271.9M |
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $-32.0M | ||
| Q3 25 | $107.3M | $21.6M | ||
| Q2 25 | $149.8M | $26.4M | ||
| Q1 25 | $216.4M | $24.5M | ||
| Q4 24 | $45.0M | $13.9M | ||
| Q3 24 | $-167.6M | $19.8M | ||
| Q2 24 | $-54.2M | $26.7M |
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 42.1% | ||
| Q3 25 | — | 41.9% | ||
| Q2 25 | 94.7% | 43.3% | ||
| Q1 25 | 81.6% | 43.3% | ||
| Q4 24 | 87.3% | 42.3% | ||
| Q3 24 | — | 42.3% | ||
| Q2 24 | 98.5% | 43.8% |
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 11.2% | ||
| Q3 25 | 40.6% | 14.3% | ||
| Q2 25 | 43.7% | 15.9% | ||
| Q1 25 | 43.2% | 15.3% | ||
| Q4 24 | 16.8% | 12.5% | ||
| Q3 24 | -63.4% | 13.1% | ||
| Q2 24 | -15.2% | 17.7% |
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | -10.8% | ||
| Q3 25 | 24.2% | 7.5% | ||
| Q2 25 | 28.4% | 9.2% | ||
| Q1 25 | 29.4% | 9.0% | ||
| Q4 24 | 8.8% | 5.4% | ||
| Q3 24 | -54.1% | 7.6% | ||
| Q2 24 | -16.0% | 9.8% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $-1.50 | ||
| Q3 25 | $1.18 | $1.01 | ||
| Q2 25 | $1.64 | $1.25 | ||
| Q1 25 | $2.37 | $1.15 | ||
| Q4 24 | $0.49 | $0.65 | ||
| Q3 24 | $-1.81 | $0.94 | ||
| Q2 24 | $-0.59 | $1.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $114.7M |
| Total DebtLower is stronger | $300.0M | $655.3M |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $9.1B | $2.7B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $114.7M | ||
| Q3 25 | $43.2M | $132.9M | ||
| Q2 25 | $39.3M | $107.1M | ||
| Q1 25 | $40.0M | $240.3M | ||
| Q4 24 | $48.7M | $236.3M | ||
| Q3 24 | $38.2M | $206.9M | ||
| Q2 24 | $81.4M | $175.9M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $655.3M | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $640.1M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $2.8B | $1.5B | ||
| Q4 24 | $-76.2M | $1.4B | ||
| Q3 24 | $-15.5M | $1.5B | ||
| Q2 24 | $5.0M | $1.4B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $2.7B | ||
| Q3 25 | $8.7B | $2.4B | ||
| Q2 25 | $8.4B | $2.4B | ||
| Q1 25 | $8.5B | $2.5B | ||
| Q4 24 | $8.3B | $2.5B | ||
| Q3 24 | $8.3B | $2.5B | ||
| Q2 24 | $8.5B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.42× | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | 0.45× | ||
| 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 | $657.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 117.0% | 4.1% |
| Cash ConversionOCF / Net Profit | 4.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | — | ||
| Q3 25 | $237.8M | $65.3M | ||
| Q2 25 | $388.4M | $52.2M | ||
| Q1 25 | $253.8M | $21.0M | ||
| Q4 24 | $220.1M | $59.4M | ||
| Q3 24 | $197.9M | $54.0M | ||
| Q2 24 | $281.8M | $43.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-47.8M | $53.4M | ||
| Q2 25 | $195.3M | $42.3M | ||
| Q1 25 | $59.9M | $13.0M | ||
| Q4 24 | $-20.3M | $49.1M | ||
| Q3 24 | $-49.1M | $48.3M | ||
| Q2 24 | $79.5M | $38.3M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | -10.8% | 18.6% | ||
| Q2 25 | 37.0% | 14.7% | ||
| Q1 25 | 8.2% | 4.8% | ||
| Q4 24 | -4.0% | 19.0% | ||
| Q3 24 | -15.8% | 18.5% | ||
| Q2 24 | 23.5% | 14.1% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 4.1% | ||
| Q3 25 | 64.4% | 4.2% | ||
| Q2 25 | 36.6% | 3.4% | ||
| Q1 25 | 26.4% | 2.9% | ||
| Q4 24 | 46.8% | 4.0% | ||
| Q3 24 | 79.7% | 2.2% | ||
| Q2 24 | 59.7% | 1.8% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | 3.02× | ||
| Q2 25 | 2.59× | 1.98× | ||
| Q1 25 | 1.17× | 0.86× | ||
| Q4 24 | 4.89× | 4.27× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | — | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
