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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $637.9M, roughly 1.2× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 2.2%, a 26.3% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
NFG vs SCSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $637.9M | $766.5M |
| Net Profit | $181.6M | $16.5M |
| Gross Margin | 86.6% | 13.4% |
| Operating Margin | 43.3% | 2.3% |
| Net Margin | 28.5% | 2.2% |
| Revenue YoY | 24.1% | 2.5% |
| Net Profit YoY | 303.8% | -3.3% |
| EPS (diluted) | $1.98 | $0.75 |
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.
| Q4 25 | $637.9M | $766.5M | ||
| Q3 25 | $443.1M | $739.6M | ||
| Q2 25 | $527.4M | $812.9M | ||
| Q1 25 | $734.8M | $704.8M | ||
| Q4 24 | $513.8M | $747.5M | ||
| Q3 24 | $310.0M | $775.6M | ||
| Q2 24 | $338.6M | $746.1M | ||
| Q1 24 | $558.7M | $752.6M |
| Q4 25 | $181.6M | $16.5M | ||
| Q3 25 | $107.3M | $19.9M | ||
| Q2 25 | $149.8M | $20.1M | ||
| Q1 25 | $216.4M | $17.4M | ||
| Q4 24 | $45.0M | $17.1M | ||
| Q3 24 | $-167.6M | $17.0M | ||
| Q2 24 | $-54.2M | $16.1M | ||
| Q1 24 | $166.3M | $12.8M |
| Q4 25 | 86.6% | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | 94.7% | 12.9% | ||
| Q1 25 | 81.6% | 14.2% | ||
| Q4 24 | 87.3% | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | 98.5% | 13.0% | ||
| Q1 24 | 81.0% | 12.6% |
| Q4 25 | 43.3% | 2.3% | ||
| Q3 25 | 40.6% | 3.5% | ||
| Q2 25 | 43.7% | 3.3% | ||
| Q1 25 | 43.2% | 3.2% | ||
| Q4 24 | 16.8% | 2.5% | ||
| Q3 24 | -63.4% | 2.3% | ||
| Q2 24 | -15.2% | 2.9% | ||
| Q1 24 | 44.9% | 2.3% |
| Q4 25 | 28.5% | 2.2% | ||
| Q3 25 | 24.2% | 2.7% | ||
| Q2 25 | 28.4% | 2.5% | ||
| Q1 25 | 29.4% | 2.5% | ||
| Q4 24 | 8.8% | 2.3% | ||
| Q3 24 | -54.1% | 2.2% | ||
| Q2 24 | -16.0% | 2.2% | ||
| Q1 24 | 29.8% | 1.7% |
| Q4 25 | $1.98 | $0.75 | ||
| Q3 25 | $1.18 | $0.89 | ||
| Q2 25 | $1.64 | $0.87 | ||
| Q1 25 | $2.37 | $0.74 | ||
| Q4 24 | $0.49 | $0.70 | ||
| Q3 24 | $-1.81 | $0.69 | ||
| Q2 24 | $-0.59 | $0.66 | ||
| Q1 24 | $1.80 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.4M | $83.5M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $3.6B | $910.9M |
| Total Assets | $9.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.4M | $83.5M | ||
| Q3 25 | $43.2M | $124.9M | ||
| Q2 25 | $39.3M | $126.2M | ||
| Q1 25 | $40.0M | $146.3M | ||
| Q4 24 | $48.7M | $110.5M | ||
| Q3 24 | $38.2M | $145.0M | ||
| Q2 24 | $81.4M | $185.5M | ||
| Q1 24 | $50.8M | $159.1M |
| 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 24 | $2.4B | — |
| Q4 25 | $3.6B | $910.9M | ||
| Q3 25 | $3.1B | $914.0M | ||
| Q2 25 | $3.0B | $906.4M | ||
| Q1 25 | $2.8B | $901.7M | ||
| Q4 24 | $-76.2M | $900.7M | ||
| Q3 24 | $-15.5M | $920.9M | ||
| Q2 24 | $5.0M | $924.3M | ||
| Q1 24 | $75.3M | $944.1M |
| Q4 25 | $9.2B | $1.7B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.4B | $1.8B | ||
| Q1 25 | $8.5B | $1.7B | ||
| Q4 24 | $8.3B | $1.7B | ||
| Q3 24 | $8.3B | $1.8B | ||
| Q2 24 | $8.5B | $1.8B | ||
| Q1 24 | $8.7B | $1.8B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — | ||
| Q1 24 | 31.68× | — |
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 | $274.9M | $30.8M |
| Free Cash FlowOCF − Capex | $-2.7M | $28.9M |
| FCF MarginFCF / Revenue | -0.4% | 3.8% |
| Capex IntensityCapex / Revenue | 43.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.51× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $204.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $274.9M | $30.8M | ||
| Q3 25 | $237.8M | $23.2M | ||
| Q2 25 | $388.4M | — | ||
| Q1 25 | $253.8M | $66.1M | ||
| Q4 24 | $220.1M | $-6.2M | ||
| Q3 24 | $197.9M | $44.8M | ||
| Q2 24 | $281.8M | — | ||
| Q1 24 | $315.3M | $160.2M |
| Q4 25 | $-2.7M | $28.9M | ||
| Q3 25 | $-47.8M | $20.8M | ||
| Q2 25 | $195.3M | — | ||
| Q1 25 | $59.9M | $64.6M | ||
| Q4 24 | $-20.3M | $-8.2M | ||
| Q3 24 | $-49.1M | $42.5M | ||
| Q2 24 | $79.5M | — | ||
| Q1 24 | $80.3M | $157.7M |
| Q4 25 | -0.4% | 3.8% | ||
| Q3 25 | -10.8% | 2.8% | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 8.2% | 9.2% | ||
| Q4 24 | -4.0% | -1.1% | ||
| Q3 24 | -15.8% | 5.5% | ||
| Q2 24 | 23.5% | — | ||
| Q1 24 | 14.4% | 21.0% |
| Q4 25 | 43.5% | 0.3% | ||
| Q3 25 | 64.4% | 0.3% | ||
| Q2 25 | 36.6% | 0.3% | ||
| Q1 25 | 26.4% | 0.2% | ||
| Q4 24 | 46.8% | 0.3% | ||
| Q3 24 | 79.7% | 0.3% | ||
| Q2 24 | 59.7% | 0.2% | ||
| Q1 24 | 42.1% | 0.3% |
| Q4 25 | 1.51× | 1.87× | ||
| Q3 25 | 2.21× | 1.17× | ||
| Q2 25 | 2.59× | — | ||
| Q1 25 | 1.17× | 3.79× | ||
| Q4 24 | 4.89× | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.90× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
