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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and STAG Industrial, Inc. (STAG). 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 $224.2M, roughly 1.9× STAG Industrial, Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 27.6%, a 8.1% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 8.7%).
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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
NFG vs STAG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $224.2M |
| Net Profit | $152.0M | $62.0M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | — |
| Net Margin | 35.7% | 27.6% |
| Revenue YoY | 1.7% | 9.1% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.59 | $0.32 |
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 | $224.2M | ||
| Q4 25 | $637.9M | $220.9M | ||
| Q3 25 | $443.1M | $211.1M | ||
| Q2 25 | $527.4M | $207.6M | ||
| Q1 25 | $734.8M | $205.6M | ||
| Q4 24 | $513.8M | $199.3M | ||
| Q3 24 | $310.0M | $190.7M | ||
| Q2 24 | $338.6M | $189.8M |
| Q1 26 | $152.0M | $62.0M | ||
| Q4 25 | $181.6M | $83.5M | ||
| Q3 25 | $107.3M | $48.6M | ||
| Q2 25 | $149.8M | $50.0M | ||
| Q1 25 | $216.4M | $91.4M | ||
| Q4 24 | $45.0M | $51.0M | ||
| Q3 24 | $-167.6M | $41.9M | ||
| Q2 24 | $-54.2M | $59.8M |
| 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% | — | ||
| 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% | 27.6% | ||
| Q4 25 | 28.5% | 37.8% | ||
| Q3 25 | 24.2% | 23.0% | ||
| Q2 25 | 28.4% | 24.1% | ||
| Q1 25 | 29.4% | 44.5% | ||
| Q4 24 | 8.8% | 25.6% | ||
| Q3 24 | -54.1% | 21.9% | ||
| Q2 24 | -16.0% | 31.5% |
| Q1 26 | $1.59 | $0.32 | ||
| Q4 25 | $1.98 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $1.64 | — | ||
| Q1 25 | $2.37 | — | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $-1.81 | — | ||
| Q2 24 | $-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 | — | $8.9M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $3.6B |
| Total Assets | $9.1B | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $271.4M | $14.9M | ||
| Q3 25 | $43.2M | $17.3M | ||
| Q2 25 | $39.3M | $15.4M | ||
| Q1 25 | $40.0M | $9.3M | ||
| Q4 24 | $48.7M | $36.3M | ||
| Q3 24 | $38.2M | $70.0M | ||
| Q2 24 | $81.4M | $33.3M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $3.3B | ||
| Q3 25 | $2.7B | $3.1B | ||
| Q2 25 | $2.7B | $3.0B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.7B | $3.0B | ||
| Q3 24 | $2.7B | $2.9B | ||
| Q2 24 | $2.7B | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.1B | $3.4B | ||
| Q2 25 | $3.0B | $3.4B | ||
| Q1 25 | $2.8B | $3.5B | ||
| Q4 24 | $-76.2M | $3.5B | ||
| Q3 24 | $-15.5M | $3.3B | ||
| Q2 24 | $5.0M | $3.3B |
| Q1 26 | $9.1B | $7.2B | ||
| Q4 25 | $9.2B | $7.2B | ||
| Q3 25 | $8.7B | $6.9B | ||
| Q2 25 | $8.4B | $6.8B | ||
| Q1 25 | $8.5B | $6.8B | ||
| Q4 24 | $8.3B | $6.8B | ||
| Q3 24 | $8.3B | $6.6B | ||
| Q2 24 | $8.5B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.91× | ||
| Q3 25 | 0.87× | 0.91× | ||
| Q2 25 | 0.90× | 0.88× | ||
| Q1 25 | 0.99× | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | 532.10× | 0.84× |
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% | 3.9% |
| 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 | $104.5M | ||
| Q3 25 | $237.8M | $143.5M | ||
| Q2 25 | $388.4M | $111.9M | ||
| Q1 25 | $253.8M | $103.5M | ||
| Q4 24 | $220.1M | $104.9M | ||
| Q3 24 | $197.9M | $128.0M | ||
| Q2 24 | $281.8M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $43.8M | ||
| Q3 25 | $-47.8M | $95.5M | ||
| Q2 25 | $195.3M | $62.3M | ||
| Q1 25 | $59.9M | $57.2M | ||
| Q4 24 | $-20.3M | $37.6M | ||
| Q3 24 | $-49.1M | $86.7M | ||
| Q2 24 | $79.5M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 19.8% | ||
| Q3 25 | -10.8% | 45.2% | ||
| Q2 25 | 37.0% | 30.0% | ||
| Q1 25 | 8.2% | 27.8% | ||
| Q4 24 | -4.0% | 18.8% | ||
| Q3 24 | -15.8% | 45.5% | ||
| Q2 24 | 23.5% | 55.3% |
| Q1 26 | 117.0% | 3.9% | ||
| Q4 25 | 43.5% | 27.4% | ||
| Q3 25 | 64.4% | 22.7% | ||
| Q2 25 | 36.6% | 23.9% | ||
| Q1 25 | 26.4% | 22.5% | ||
| Q4 24 | 46.8% | 33.8% | ||
| Q3 24 | 79.7% | 21.6% | ||
| Q2 24 | 59.7% | 9.1% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 1.25× | ||
| Q3 25 | 2.21× | 2.95× | ||
| Q2 25 | 2.59× | 2.24× | ||
| Q1 25 | 1.17× | 1.13× | ||
| Q4 24 | 4.89× | 2.06× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 2.04× |
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% |
STAG
Segment breakdown not available.
