vs
Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $425.9M, roughly 1.8× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 0.3%, a 35.4% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -58.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
NFG vs PFG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $750.8M |
| Net Profit | $152.0M | $1.9M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | — |
| Net Margin | 35.7% | 0.3% |
| Revenue YoY | 1.7% | 4.0% |
| Net Profit YoY | — | 783.0% |
| EPS (diluted) | $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 | $750.8M | ||
| Q4 25 | $637.9M | $4.6B | ||
| Q3 25 | $443.1M | $3.7B | ||
| Q2 25 | $527.4M | $3.7B | ||
| Q1 25 | $734.8M | $3.7B | ||
| Q4 24 | $513.8M | $4.8B | ||
| Q3 24 | $310.0M | $3.0B | ||
| Q2 24 | $338.6M | $4.3B |
| Q1 26 | $152.0M | $1.9M | ||
| Q4 25 | $181.6M | $517.0M | ||
| Q3 25 | $107.3M | $213.8M | ||
| Q2 25 | $149.8M | $406.2M | ||
| Q1 25 | $216.4M | $48.1M | ||
| Q4 24 | $45.0M | $905.4M | ||
| Q3 24 | $-167.6M | $-220.0M | ||
| Q2 24 | $-54.2M | $353.1M |
| 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% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | -63.4% | — | ||
| Q2 24 | -15.2% | — |
| Q1 26 | 35.7% | 0.3% | ||
| Q4 25 | 28.5% | 11.3% | ||
| Q3 25 | 24.2% | 5.8% | ||
| Q2 25 | 28.4% | 11.1% | ||
| Q1 25 | 29.4% | 1.3% | ||
| Q4 24 | 8.8% | 19.1% | ||
| Q3 24 | -54.1% | -7.3% | ||
| Q2 24 | -16.0% | 8.2% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $2.30 | ||
| Q3 25 | $1.18 | $0.95 | ||
| Q2 25 | $1.64 | $1.79 | ||
| Q1 25 | $2.37 | $0.21 | ||
| Q4 24 | $0.49 | $3.92 | ||
| Q3 24 | $-1.81 | $-0.95 | ||
| Q2 24 | $-0.59 | $1.49 |
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 | — | — |
| Total Assets | $9.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $4.4B | ||
| Q3 25 | $43.2M | $5.1B | ||
| Q2 25 | $39.3M | $3.7B | ||
| Q1 25 | $40.0M | $3.9B | ||
| Q4 24 | $48.7M | $4.2B | ||
| Q3 24 | $38.2M | $6.2B | ||
| Q2 24 | $81.4M | $4.8B |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $3.9B | ||
| Q3 25 | $2.7B | $3.9B | ||
| Q2 25 | $2.7B | $3.9B | ||
| Q1 25 | $2.7B | $4.3B | ||
| Q4 24 | $2.7B | $4.0B | ||
| Q3 24 | $2.7B | $3.9B | ||
| Q2 24 | $2.7B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $11.9B | ||
| Q3 25 | $3.1B | $11.7B | ||
| Q2 25 | $3.0B | $11.4B | ||
| Q1 25 | $2.8B | $11.2B | ||
| Q4 24 | $-76.2M | $11.1B | ||
| Q3 24 | $-15.5M | $11.2B | ||
| Q2 24 | $5.0M | $11.0B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $341.4B | ||
| Q3 25 | $8.7B | $334.5B | ||
| Q2 25 | $8.4B | $323.1B | ||
| Q1 25 | $8.5B | $313.0B | ||
| Q4 24 | $8.3B | $313.7B | ||
| Q3 24 | $8.3B | $322.9B | ||
| Q2 24 | $8.5B | $308.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.33× | ||
| Q3 25 | 0.87× | 0.34× | ||
| Q2 25 | 0.90× | 0.34× | ||
| Q1 25 | 0.99× | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | 532.10× | 0.36× |
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 | $1.7B | ||
| Q3 25 | $237.8M | $1.0B | ||
| Q2 25 | $388.4M | $811.9M | ||
| Q1 25 | $253.8M | $977.3M | ||
| Q4 24 | $220.1M | $1.5B | ||
| Q3 24 | $197.9M | $1.1B | ||
| Q2 24 | $281.8M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-47.8M | — | ||
| Q2 25 | $195.3M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $-20.3M | — | ||
| Q3 24 | $-49.1M | — | ||
| Q2 24 | $79.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -15.8% | — | ||
| Q2 24 | 23.5% | — |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | — | ||
| Q3 25 | 64.4% | — | ||
| Q2 25 | 36.6% | — | ||
| Q1 25 | 26.4% | — | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 59.7% | — |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 3.37× | ||
| Q3 25 | 2.21× | 4.70× | ||
| Q2 25 | 2.59× | 2.00× | ||
| Q1 25 | 1.17× | 20.32× | ||
| Q4 24 | 4.89× | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.05× |
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% |
PFG
Segment breakdown not available.
