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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $425.9M, roughly 1.9× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 2.1%, a 33.6% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 1.7%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
NFG vs ROAD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $809.5M |
| Net Profit | $152.0M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 81.5% | 6.2% |
| Net Margin | 35.7% | 2.1% |
| Revenue YoY | 1.7% | 44.1% |
| Net Profit YoY | — | 663.9% |
| EPS (diluted) | $1.59 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $443.1M | $899.8M | ||
| Q2 25 | $527.4M | $779.3M | ||
| Q1 25 | $734.8M | $571.6M | ||
| Q4 24 | $513.8M | $561.6M | ||
| Q3 24 | $310.0M | $538.2M | ||
| Q2 24 | $338.6M | $517.8M |
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $17.2M | ||
| Q3 25 | $107.3M | $56.6M | ||
| Q2 25 | $149.8M | $44.0M | ||
| Q1 25 | $216.4M | $4.2M | ||
| Q4 24 | $45.0M | $-3.1M | ||
| Q3 24 | $-167.6M | $29.3M | ||
| Q2 24 | $-54.2M | $30.9M |
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | 94.7% | 16.9% | ||
| Q1 25 | 81.6% | 12.5% | ||
| Q4 24 | 87.3% | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | 98.5% | 16.1% |
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 6.2% | ||
| Q3 25 | 40.6% | 11.2% | ||
| Q2 25 | 43.7% | 10.6% | ||
| Q1 25 | 43.2% | 4.8% | ||
| Q4 24 | 16.8% | 2.5% | ||
| Q3 24 | -63.4% | 8.5% | ||
| Q2 24 | -15.2% | 8.8% |
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 2.1% | ||
| Q3 25 | 24.2% | 6.3% | ||
| Q2 25 | 28.4% | 5.7% | ||
| Q1 25 | 29.4% | 0.7% | ||
| Q4 24 | 8.8% | -0.5% | ||
| Q3 24 | -54.1% | 5.4% | ||
| Q2 24 | -16.0% | 6.0% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $0.31 | ||
| Q3 25 | $1.18 | $1.03 | ||
| Q2 25 | $1.64 | $0.79 | ||
| Q1 25 | $2.37 | $0.08 | ||
| Q4 24 | $0.49 | $-0.06 | ||
| Q3 24 | $-1.81 | $0.55 | ||
| Q2 24 | $-0.59 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $969.1M |
| Total Assets | $9.1B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $104.1M | ||
| Q3 25 | $43.2M | $156.1M | ||
| Q2 25 | $39.3M | $114.3M | ||
| Q1 25 | $40.0M | $101.9M | ||
| Q4 24 | $48.7M | $132.5M | ||
| Q3 24 | $38.2M | $74.7M | ||
| Q2 24 | $81.4M | $56.3M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | $515.0M | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $969.1M | ||
| Q3 25 | $3.1B | $912.0M | ||
| Q2 25 | $3.0B | $853.3M | ||
| Q1 25 | $2.8B | $807.9M | ||
| Q4 24 | $-76.2M | $811.1M | ||
| Q3 24 | $-15.5M | $573.7M | ||
| Q2 24 | $5.0M | $552.9M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $3.4B | ||
| Q3 25 | $8.7B | $3.2B | ||
| Q2 25 | $8.4B | $2.9B | ||
| Q1 25 | $8.5B | $2.8B | ||
| Q4 24 | $8.3B | $2.6B | ||
| Q3 24 | $8.3B | $1.5B | ||
| Q2 24 | $8.5B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | 1.78× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | 117.0% | 4.4% |
| Cash ConversionOCF / Net Profit | 4.32× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $82.6M | ||
| Q3 25 | $237.8M | $112.0M | ||
| Q2 25 | $388.4M | $83.0M | ||
| Q1 25 | $253.8M | $55.6M | ||
| Q4 24 | $220.1M | $40.7M | ||
| Q3 24 | $197.9M | $95.9M | ||
| Q2 24 | $281.8M | $34.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $47.1M | ||
| Q3 25 | $-47.8M | $78.9M | ||
| Q2 25 | $195.3M | $46.4M | ||
| Q1 25 | $59.9M | $14.2M | ||
| Q4 24 | $-20.3M | $13.8M | ||
| Q3 24 | $-49.1M | $78.4M | ||
| Q2 24 | $79.5M | $19.7M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 5.8% | ||
| Q3 25 | -10.8% | 8.8% | ||
| Q2 25 | 37.0% | 5.9% | ||
| Q1 25 | 8.2% | 2.5% | ||
| Q4 24 | -4.0% | 2.5% | ||
| Q3 24 | -15.8% | 14.6% | ||
| Q2 24 | 23.5% | 3.8% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 4.4% | ||
| Q3 25 | 64.4% | 3.7% | ||
| Q2 25 | 36.6% | 4.7% | ||
| Q1 25 | 26.4% | 7.2% | ||
| Q4 24 | 46.8% | 4.8% | ||
| Q3 24 | 79.7% | 3.3% | ||
| Q2 24 | 59.7% | 2.9% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 4.80× | ||
| Q3 25 | 2.21× | 1.98× | ||
| Q2 25 | 2.59× | 1.88× | ||
| Q1 25 | 1.17× | 13.20× | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× |
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% |
ROAD
Segment breakdown not available.
