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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and PROSPERITY BANCSHARES INC (PB). 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 $367.6M, roughly 1.2× PROSPERITY BANCSHARES INC). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 31.6%, a 4.1% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% CAGR vs 12.1%).
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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
NFG vs PB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $367.6M |
| Net Profit | $152.0M | $116.3M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | — |
| Net Margin | 35.7% | 31.6% |
| Revenue YoY | 1.7% | — |
| Net Profit YoY | — | -10.7% |
| EPS (diluted) | $1.59 | $1.16 |
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 | $367.6M | ||
| Q4 25 | $637.9M | $275.0M | ||
| Q3 25 | $443.1M | $273.4M | ||
| Q2 25 | $527.4M | $267.7M | ||
| Q1 25 | $734.8M | $265.4M | ||
| Q4 24 | $513.8M | $267.8M | ||
| Q3 24 | $310.0M | $261.7M | ||
| Q2 24 | $338.6M | $258.8M |
| Q1 26 | $152.0M | $116.3M | ||
| Q4 25 | $181.6M | $139.9M | ||
| Q3 25 | $107.3M | $137.6M | ||
| Q2 25 | $149.8M | $135.2M | ||
| Q1 25 | $216.4M | $130.2M | ||
| Q4 24 | $45.0M | $130.1M | ||
| Q3 24 | $-167.6M | $127.3M | ||
| Q2 24 | $-54.2M | $111.6M |
| Q1 26 | — | — | ||
| 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 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 65.1% | ||
| Q3 25 | 40.6% | 64.4% | ||
| Q2 25 | 43.7% | 64.3% | ||
| Q1 25 | 43.2% | 62.7% | ||
| Q4 24 | 16.8% | 62.0% | ||
| Q3 24 | -63.4% | 62.1% | ||
| Q2 24 | -15.2% | 55.2% |
| Q1 26 | 35.7% | 31.6% | ||
| Q4 25 | 28.5% | 50.9% | ||
| Q3 25 | 24.2% | 50.3% | ||
| Q2 25 | 28.4% | 50.5% | ||
| Q1 25 | 29.4% | 49.1% | ||
| Q4 24 | 8.8% | 48.6% | ||
| Q3 24 | -54.1% | 48.6% | ||
| Q2 24 | -16.0% | 43.1% |
| Q1 26 | $1.59 | $1.16 | ||
| Q4 25 | $1.98 | $1.48 | ||
| Q3 25 | $1.18 | $1.45 | ||
| Q2 25 | $1.64 | $1.42 | ||
| Q1 25 | $2.37 | $1.37 | ||
| Q4 24 | $0.49 | $1.36 | ||
| Q3 24 | $-1.81 | $1.34 | ||
| Q2 24 | $-0.59 | $1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $8.2B |
| Total Assets | $9.1B | $43.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | — | ||
| Q3 25 | $43.2M | — | ||
| Q2 25 | $39.3M | — | ||
| Q1 25 | $40.0M | — | ||
| Q4 24 | $48.7M | — | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $81.4M | — |
| Q1 26 | $300.0M | — | ||
| 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 26 | — | $8.2B | ||
| Q4 25 | $3.6B | $7.6B | ||
| Q3 25 | $3.1B | $7.7B | ||
| Q2 25 | $3.0B | $7.6B | ||
| Q1 25 | $2.8B | $7.5B | ||
| Q4 24 | $-76.2M | $7.4B | ||
| Q3 24 | $-15.5M | $7.4B | ||
| Q2 24 | $5.0M | $7.3B |
| Q1 26 | $9.1B | $43.6B | ||
| Q4 25 | $9.2B | $38.5B | ||
| Q3 25 | $8.7B | $38.3B | ||
| Q2 25 | $8.4B | $38.4B | ||
| Q1 25 | $8.5B | $38.8B | ||
| Q4 24 | $8.3B | $39.6B | ||
| Q3 24 | $8.3B | $40.1B | ||
| Q2 24 | $8.5B | $39.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| 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% | — |
| 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 | $78.3M | ||
| Q3 25 | $237.8M | $194.8M | ||
| Q2 25 | $388.4M | $98.2M | ||
| Q1 25 | $253.8M | $178.2M | ||
| Q4 24 | $220.1M | $-205.8M | ||
| Q3 24 | $197.9M | $274.6M | ||
| Q2 24 | $281.8M | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $68.5M | ||
| Q3 25 | $-47.8M | $185.7M | ||
| Q2 25 | $195.3M | $91.8M | ||
| Q1 25 | $59.9M | $171.1M | ||
| Q4 24 | $-20.3M | $-210.7M | ||
| Q3 24 | $-49.1M | $270.2M | ||
| Q2 24 | $79.5M | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 24.9% | ||
| Q3 25 | -10.8% | 67.9% | ||
| Q2 25 | 37.0% | 34.3% | ||
| Q1 25 | 8.2% | 64.5% | ||
| Q4 24 | -4.0% | -78.7% | ||
| Q3 24 | -15.8% | 103.3% | ||
| Q2 24 | 23.5% | 81.8% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 3.6% | ||
| Q3 25 | 64.4% | 3.3% | ||
| Q2 25 | 36.6% | 2.4% | ||
| Q1 25 | 26.4% | 2.7% | ||
| Q4 24 | 46.8% | 1.8% | ||
| Q3 24 | 79.7% | 1.7% | ||
| Q2 24 | 59.7% | 1.8% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 0.56× | ||
| Q3 25 | 2.21× | 1.42× | ||
| Q2 25 | 2.59× | 0.73× | ||
| Q1 25 | 1.17× | 1.37× | ||
| Q4 24 | 4.89× | -1.58× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | — | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
