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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($630.0M vs $425.9M, roughly 1.5× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 1.9%, a 33.8% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -1.3%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs -4.2%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
NFG vs PK — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $630.0M |
| Net Profit | $152.0M | $12.0M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | 9.8% |
| Net Margin | 35.7% | 1.9% |
| Revenue YoY | 1.7% | -1.3% |
| Net Profit YoY | — | 121.1% |
| EPS (diluted) | $1.59 | $0.05 |
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 | $630.0M | ||
| Q4 25 | $637.9M | $629.0M | ||
| Q3 25 | $443.1M | $610.0M | ||
| Q2 25 | $527.4M | $672.0M | ||
| Q1 25 | $734.8M | $630.0M | ||
| Q4 24 | $513.8M | $625.0M | ||
| Q3 24 | $310.0M | $649.0M | ||
| Q2 24 | $338.6M | $686.0M |
| Q1 26 | $152.0M | $12.0M | ||
| Q4 25 | $181.6M | $-205.0M | ||
| Q3 25 | $107.3M | $-16.0M | ||
| Q2 25 | $149.8M | $-5.0M | ||
| Q1 25 | $216.4M | $-57.0M | ||
| Q4 24 | $45.0M | $66.0M | ||
| Q3 24 | $-167.6M | $54.0M | ||
| Q2 24 | $-54.2M | $64.0M |
| 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% | 9.8% | ||
| Q4 25 | 43.3% | -26.1% | ||
| Q3 25 | 40.6% | 9.7% | ||
| Q2 25 | 43.7% | 9.7% | ||
| Q1 25 | 43.2% | 1.1% | ||
| Q4 24 | 16.8% | 13.3% | ||
| Q3 24 | -63.4% | 14.6% | ||
| Q2 24 | -15.2% | 17.6% |
| Q1 26 | 35.7% | 1.9% | ||
| Q4 25 | 28.5% | -32.6% | ||
| Q3 25 | 24.2% | -2.6% | ||
| Q2 25 | 28.4% | -0.7% | ||
| Q1 25 | 29.4% | -9.0% | ||
| Q4 24 | 8.8% | 10.6% | ||
| Q3 24 | -54.1% | 8.3% | ||
| Q2 24 | -16.0% | 9.3% |
| Q1 26 | $1.59 | $0.05 | ||
| Q4 25 | $1.98 | $-1.04 | ||
| Q3 25 | $1.18 | $-0.08 | ||
| Q2 25 | $1.64 | $-0.02 | ||
| Q1 25 | $2.37 | $-0.29 | ||
| Q4 24 | $0.49 | $0.32 | ||
| Q3 24 | $-1.81 | $0.26 | ||
| Q2 24 | $-0.59 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $156.0M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $3.1B |
| Total Assets | $9.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.0M | ||
| Q4 25 | $271.4M | $232.0M | ||
| Q3 25 | $43.2M | $278.0M | ||
| Q2 25 | $39.3M | $319.0M | ||
| Q1 25 | $40.0M | $233.0M | ||
| Q4 24 | $48.7M | $402.0M | ||
| Q3 24 | $38.2M | $480.0M | ||
| Q2 24 | $81.4M | $449.0M |
| 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 | $3.9B | ||
| Q4 24 | $2.7B | $3.9B | ||
| Q3 24 | $2.7B | $3.9B | ||
| Q2 24 | $2.7B | $3.9B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.6B | $3.1B | ||
| Q3 25 | $3.1B | $3.4B | ||
| Q2 25 | $3.0B | $3.4B | ||
| Q1 25 | $2.8B | $3.5B | ||
| Q4 24 | $-76.2M | $3.6B | ||
| Q3 24 | $-15.5M | $3.8B | ||
| Q2 24 | $5.0M | $3.8B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $7.7B | ||
| Q3 25 | $8.7B | $8.8B | ||
| Q2 25 | $8.4B | $8.9B | ||
| Q1 25 | $8.5B | $8.9B | ||
| Q4 24 | $8.3B | $9.2B | ||
| Q3 24 | $8.3B | $9.2B | ||
| Q2 24 | $8.5B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.23× | ||
| Q3 25 | 0.87× | 1.14× | ||
| Q2 25 | 0.90× | 1.12× | ||
| Q1 25 | 0.99× | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | 532.10× | 1.03× |
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 | $105.0M | ||
| Q3 25 | $237.8M | $99.0M | ||
| Q2 25 | $388.4M | $108.0M | ||
| Q1 25 | $253.8M | $86.0M | ||
| Q4 24 | $220.1M | $80.0M | ||
| Q3 24 | $197.9M | $140.0M | ||
| Q2 24 | $281.8M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $-3.0M | ||
| Q3 25 | $-47.8M | $31.0M | ||
| Q2 25 | $195.3M | $65.0M | ||
| Q1 25 | $59.9M | $9.0M | ||
| Q4 24 | $-20.3M | $17.0M | ||
| Q3 24 | $-49.1M | $97.0M | ||
| Q2 24 | $79.5M | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | -0.5% | ||
| Q3 25 | -10.8% | 5.1% | ||
| Q2 25 | 37.0% | 9.7% | ||
| Q1 25 | 8.2% | 1.4% | ||
| Q4 24 | -4.0% | 2.7% | ||
| Q3 24 | -15.8% | 14.9% | ||
| Q2 24 | 23.5% | 9.6% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 17.2% | ||
| Q3 25 | 64.4% | 11.1% | ||
| Q2 25 | 36.6% | 6.4% | ||
| Q1 25 | 26.4% | 12.2% | ||
| Q4 24 | 46.8% | 10.1% | ||
| Q3 24 | 79.7% | 6.6% | ||
| Q2 24 | 59.7% | 7.4% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.59× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 4.89× | 1.21× | ||
| Q3 24 | — | 2.59× | ||
| Q2 24 | — | 1.83× |
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% |
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
