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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and RADIANT LOGISTICS, INC (RLGT). 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 $232.1M, roughly 1.8× RADIANT LOGISTICS, INC). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 2.3%, a 33.4% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
NFG vs RLGT — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $232.1M |
| Net Profit | $152.0M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | 3.2% |
| Net Margin | 35.7% | 2.3% |
| Revenue YoY | 1.7% | -12.3% |
| Net Profit YoY | — | -18.0% |
| EPS (diluted) | $1.59 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $443.1M | $226.7M | ||
| Q2 25 | $527.4M | $220.6M | ||
| Q1 25 | $734.8M | $214.0M | ||
| Q4 24 | $513.8M | $264.5M | ||
| Q3 24 | $310.0M | $203.6M | ||
| Q2 24 | $338.6M | $206.0M |
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $5.3M | ||
| Q3 25 | $107.3M | $1.3M | ||
| Q2 25 | $149.8M | $4.9M | ||
| Q1 25 | $216.4M | $2.5M | ||
| Q4 24 | $45.0M | $6.5M | ||
| Q3 24 | $-167.6M | $3.4M | ||
| Q2 24 | $-54.2M | $4.8M |
| 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% | 3.2% | ||
| Q3 25 | 40.6% | 0.9% | ||
| Q2 25 | 43.7% | 2.4% | ||
| Q1 25 | 43.2% | 1.6% | ||
| Q4 24 | 16.8% | 3.3% | ||
| Q3 24 | -63.4% | 1.9% | ||
| Q2 24 | -15.2% | 2.4% |
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 2.3% | ||
| Q3 25 | 24.2% | 0.6% | ||
| Q2 25 | 28.4% | 2.2% | ||
| Q1 25 | 29.4% | 1.2% | ||
| Q4 24 | 8.8% | 2.4% | ||
| Q3 24 | -54.1% | 1.7% | ||
| Q2 24 | -16.0% | 2.3% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $0.11 | ||
| Q3 25 | $1.18 | $0.03 | ||
| Q2 25 | $1.64 | $0.10 | ||
| Q1 25 | $2.37 | $0.05 | ||
| Q4 24 | $0.49 | $0.13 | ||
| Q3 24 | $-1.81 | $0.07 | ||
| Q2 24 | $-0.59 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.9M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $229.8M |
| Total Assets | $9.1B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $31.9M | ||
| Q3 25 | $43.2M | $28.1M | ||
| Q2 25 | $39.3M | $22.9M | ||
| Q1 25 | $40.0M | $19.0M | ||
| Q4 24 | $48.7M | $19.9M | ||
| Q3 24 | $38.2M | $10.4M | ||
| Q2 24 | $81.4M | $24.9M |
| 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 | — | — | ||
| Q4 25 | $3.6B | $229.8M | ||
| Q3 25 | $3.1B | $225.7M | ||
| Q2 25 | $3.0B | $226.0M | ||
| Q1 25 | $2.8B | $218.2M | ||
| Q4 24 | $-76.2M | $214.4M | ||
| Q3 24 | $-15.5M | $212.4M | ||
| Q2 24 | $5.0M | $209.4M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $439.4M | ||
| Q3 25 | $8.7B | $445.3M | ||
| Q2 25 | $8.4B | $426.8M | ||
| Q1 25 | $8.5B | $414.5M | ||
| Q4 24 | $8.3B | $386.8M | ||
| Q3 24 | $8.3B | $375.3M | ||
| Q2 24 | $8.5B | $371.2M |
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | 117.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.32× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $12.4M | ||
| Q3 25 | $237.8M | $2.5M | ||
| Q2 25 | $388.4M | $3.1M | ||
| Q1 25 | $253.8M | $-5.7M | ||
| Q4 24 | $220.1M | $15.7M | ||
| Q3 24 | $197.9M | $205.0K | ||
| Q2 24 | $281.8M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $11.6M | ||
| Q3 25 | $-47.8M | $977.0K | ||
| Q2 25 | $195.3M | $2.2M | ||
| Q1 25 | $59.9M | $-6.4M | ||
| Q4 24 | $-20.3M | $14.1M | ||
| Q3 24 | $-49.1M | $-1.9M | ||
| Q2 24 | $79.5M | $-185.0K |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 5.0% | ||
| Q3 25 | -10.8% | 0.4% | ||
| Q2 25 | 37.0% | 1.0% | ||
| Q1 25 | 8.2% | -3.0% | ||
| Q4 24 | -4.0% | 5.3% | ||
| Q3 24 | -15.8% | -0.9% | ||
| Q2 24 | 23.5% | -0.1% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 0.3% | ||
| Q3 25 | 64.4% | 0.7% | ||
| Q2 25 | 36.6% | 0.4% | ||
| Q1 25 | 26.4% | 0.3% | ||
| Q4 24 | 46.8% | 0.6% | ||
| Q3 24 | 79.7% | 1.0% | ||
| Q2 24 | 59.7% | 0.7% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 2.33× | ||
| Q3 25 | 2.21× | 1.90× | ||
| Q2 25 | 2.59× | 0.63× | ||
| Q1 25 | 1.17× | -2.26× | ||
| Q4 24 | 4.89× | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.26× |
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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
