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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and TEXAS CAPITAL BANCSHARES INC (TCBI). 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 $324.0M, roughly 1.3× TEXAS CAPITAL BANCSHARES INC). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 22.8%, a 12.9% gap on every dollar of revenue. On growth, TEXAS CAPITAL BANCSHARES INC posted the faster year-over-year revenue change (15.5% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 10.2%).
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.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
NFG vs TCBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $324.0M |
| Net Profit | $152.0M | $73.8M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | — |
| Net Margin | 35.7% | 22.8% |
| Revenue YoY | 1.7% | 15.5% |
| Net Profit YoY | — | 56.8% |
| EPS (diluted) | $1.59 | $1.56 |
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 | $324.0M | ||
| Q4 25 | $637.9M | $327.5M | ||
| Q3 25 | $443.1M | $340.4M | ||
| Q2 25 | $527.4M | $307.5M | ||
| Q1 25 | $734.8M | $280.5M | ||
| Q4 24 | $513.8M | $229.6M | ||
| Q3 24 | $310.0M | $125.3M | ||
| Q2 24 | $338.6M | $267.0M |
| Q1 26 | $152.0M | $73.8M | ||
| Q4 25 | $181.6M | $100.7M | ||
| Q3 25 | $107.3M | $105.2M | ||
| Q2 25 | $149.8M | $77.3M | ||
| Q1 25 | $216.4M | $47.0M | ||
| Q4 24 | $45.0M | $71.0M | ||
| Q3 24 | $-167.6M | $-61.3M | ||
| Q2 24 | $-54.2M | $41.7M |
| 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% | 40.4% | ||
| Q3 25 | 40.6% | 40.5% | ||
| Q2 25 | 43.7% | 33.2% | ||
| Q1 25 | 43.2% | 21.6% | ||
| Q4 24 | 16.8% | 40.7% | ||
| Q3 24 | -63.4% | -63.8% | ||
| Q2 24 | -15.2% | 21.9% |
| Q1 26 | 35.7% | 22.8% | ||
| Q4 25 | 28.5% | 30.7% | ||
| Q3 25 | 24.2% | 30.9% | ||
| Q2 25 | 28.4% | 25.2% | ||
| Q1 25 | 29.4% | 16.8% | ||
| Q4 24 | 8.8% | 30.9% | ||
| Q3 24 | -54.1% | -48.9% | ||
| Q2 24 | -16.0% | 15.6% |
| Q1 26 | $1.59 | $1.56 | ||
| Q4 25 | $1.98 | $2.11 | ||
| Q3 25 | $1.18 | $2.18 | ||
| Q2 25 | $1.64 | $1.58 | ||
| Q1 25 | $2.37 | $0.92 | ||
| Q4 24 | $0.49 | $1.43 | ||
| Q3 24 | $-1.81 | $-1.41 | ||
| Q2 24 | $-0.59 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $300.0M | $878.3M |
| Stockholders' EquityBook value | — | $3.6B |
| Total Assets | $9.1B | $33.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | — | ||
| Q3 25 | $43.2M | — | ||
| Q2 25 | $39.3M | — | ||
| Q1 25 | $40.0M | — | ||
| Q4 24 | $48.7M | — | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $81.4M | — |
| Q1 26 | $300.0M | $878.3M | ||
| Q4 25 | $2.7B | $620.6M | ||
| Q3 25 | $2.7B | $620.4M | ||
| Q2 25 | $2.7B | $620.3M | ||
| Q1 25 | $2.7B | $660.5M | ||
| Q4 24 | $2.7B | $660.3M | ||
| Q3 24 | $2.7B | $660.2M | ||
| Q2 24 | $2.7B | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.1B | $3.6B | ||
| Q2 25 | $3.0B | $3.5B | ||
| Q1 25 | $2.8B | $3.4B | ||
| Q4 24 | $-76.2M | $3.4B | ||
| Q3 24 | $-15.5M | $3.4B | ||
| Q2 24 | $5.0M | $3.2B |
| Q1 26 | $9.1B | $33.5B | ||
| Q4 25 | $9.2B | $31.5B | ||
| Q3 25 | $8.7B | $32.5B | ||
| Q2 25 | $8.4B | $31.9B | ||
| Q1 25 | $8.5B | $31.4B | ||
| Q4 24 | $8.3B | $30.7B | ||
| Q3 24 | $8.3B | $31.6B | ||
| Q2 24 | $8.5B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | 0.75× | 0.17× | ||
| Q3 25 | 0.87× | 0.17× | ||
| Q2 25 | 0.90× | 0.18× | ||
| Q1 25 | 0.99× | 0.19× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | 532.10× | 0.21× |
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 | $360.2M | ||
| Q3 25 | $237.8M | $166.3M | ||
| Q2 25 | $388.4M | $63.0M | ||
| Q1 25 | $253.8M | $368.0K | ||
| Q4 24 | $220.1M | $480.1M | ||
| Q3 24 | $197.9M | $332.8M | ||
| Q2 24 | $281.8M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $347.6M | ||
| Q3 25 | $-47.8M | $161.3M | ||
| Q2 25 | $195.3M | $57.5M | ||
| Q1 25 | $59.9M | $-2.0M | ||
| Q4 24 | $-20.3M | $415.2M | ||
| Q3 24 | $-49.1M | $317.6M | ||
| Q2 24 | $79.5M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 106.1% | ||
| Q3 25 | -10.8% | 47.4% | ||
| Q2 25 | 37.0% | 18.7% | ||
| Q1 25 | 8.2% | -0.7% | ||
| Q4 24 | -4.0% | 180.9% | ||
| Q3 24 | -15.8% | 253.4% | ||
| Q2 24 | 23.5% | 4.1% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 3.8% | ||
| Q3 25 | 64.4% | 1.5% | ||
| Q2 25 | 36.6% | 1.8% | ||
| Q1 25 | 26.4% | 0.9% | ||
| Q4 24 | 46.8% | 28.2% | ||
| Q3 24 | 79.7% | 12.1% | ||
| Q2 24 | 59.7% | 8.3% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 3.58× | ||
| Q3 25 | 2.21× | 1.58× | ||
| Q2 25 | 2.59× | 0.81× | ||
| Q1 25 | 1.17× | 0.01× | ||
| Q4 24 | 4.89× | 6.76× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.80× |
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% |
TCBI
Segment breakdown not available.
