vs
Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and Tecnoglass Inc. (TGLS). 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 $245.3M, roughly 1.7× Tecnoglass Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 10.6%, a 25.1% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs 1.7%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
NFG vs TGLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $245.3M |
| Net Profit | $152.0M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 81.5% | 18.3% |
| Net Margin | 35.7% | 10.6% |
| Revenue YoY | 1.7% | 2.4% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | $1.59 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $443.1M | $260.5M | ||
| Q2 25 | $527.4M | $255.5M | ||
| Q1 25 | $734.8M | $222.3M | ||
| Q4 24 | $513.8M | $239.6M | ||
| Q3 24 | $310.0M | $238.3M | ||
| Q2 24 | $338.6M | $219.7M |
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $26.1M | ||
| Q3 25 | $107.3M | $47.2M | ||
| Q2 25 | $149.8M | $44.1M | ||
| Q1 25 | $216.4M | $42.2M | ||
| Q4 24 | $45.0M | $47.0M | ||
| Q3 24 | $-167.6M | $49.5M | ||
| Q2 24 | $-54.2M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | 94.7% | 44.7% | ||
| Q1 25 | 81.6% | 43.9% | ||
| Q4 24 | 87.3% | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | 98.5% | 40.8% |
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 18.3% | ||
| Q3 25 | 40.6% | 25.1% | ||
| Q2 25 | 43.7% | 24.0% | ||
| Q1 25 | 43.2% | 26.7% | ||
| Q4 24 | 16.8% | 28.0% | ||
| Q3 24 | -63.4% | 28.4% | ||
| Q2 24 | -15.2% | 23.3% |
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 10.6% | ||
| Q3 25 | 24.2% | 18.1% | ||
| Q2 25 | 28.4% | 17.3% | ||
| Q1 25 | 29.4% | 19.0% | ||
| Q4 24 | 8.8% | 19.6% | ||
| Q3 24 | -54.1% | 20.8% | ||
| Q2 24 | -16.0% | 15.9% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $0.57 | ||
| Q3 25 | $1.18 | $1.01 | ||
| Q2 25 | $1.64 | $0.94 | ||
| Q1 25 | $2.37 | $0.90 | ||
| Q4 24 | $0.49 | $1.00 | ||
| Q3 24 | $-1.81 | $1.05 | ||
| Q2 24 | $-0.59 | $0.75 |
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 | $174.4M |
| Stockholders' EquityBook value | — | $713.1M |
| Total Assets | $9.1B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $104.1M | ||
| Q3 25 | $43.2M | $127.1M | ||
| Q2 25 | $39.3M | $140.9M | ||
| Q1 25 | $40.0M | $160.2M | ||
| Q4 24 | $48.7M | $137.5M | ||
| Q3 24 | $38.2M | $124.8M | ||
| Q2 24 | $81.4M | $129.5M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $174.4M | ||
| Q3 25 | $2.7B | $114.7M | ||
| Q2 25 | $2.7B | $110.6M | ||
| Q1 25 | $2.7B | $110.6M | ||
| Q4 24 | $2.7B | $111.1M | ||
| Q3 24 | $2.7B | $126.8M | ||
| Q2 24 | $2.7B | $144.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $713.1M | ||
| Q3 25 | $3.1B | $764.0M | ||
| Q2 25 | $3.0B | $736.0M | ||
| Q1 25 | $2.8B | $685.1M | ||
| Q4 24 | $-76.2M | $631.2M | ||
| Q3 24 | $-15.5M | $613.3M | ||
| Q2 24 | $5.0M | $574.8M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $1.3B | ||
| Q3 25 | $8.7B | $1.2B | ||
| Q2 25 | $8.4B | $1.2B | ||
| Q1 25 | $8.5B | $1.1B | ||
| Q4 24 | $8.3B | $1.0B | ||
| Q3 24 | $8.3B | $996.3M | ||
| Q2 24 | $8.5B | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.24× | ||
| Q3 25 | 0.87× | 0.15× | ||
| Q2 25 | 0.90× | 0.15× | ||
| Q1 25 | 0.99× | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 532.10× | 0.25× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | 117.0% | 8.0% |
| Cash ConversionOCF / Net Profit | 4.32× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $31.0M | ||
| Q3 25 | $237.8M | $40.0M | ||
| Q2 25 | $388.4M | $17.9M | ||
| Q1 25 | $253.8M | $46.9M | ||
| Q4 24 | $220.1M | $61.1M | ||
| Q3 24 | $197.9M | $41.5M | ||
| Q2 24 | $281.8M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $11.4M | ||
| Q3 25 | $-47.8M | $21.2M | ||
| Q2 25 | $195.3M | $-14.7M | ||
| Q1 25 | $59.9M | $16.5M | ||
| Q4 24 | $-20.3M | $35.4M | ||
| Q3 24 | $-49.1M | $17.8M | ||
| Q2 24 | $79.5M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 4.7% | ||
| Q3 25 | -10.8% | 8.2% | ||
| Q2 25 | 37.0% | -5.7% | ||
| Q1 25 | 8.2% | 7.4% | ||
| Q4 24 | -4.0% | 14.8% | ||
| Q3 24 | -15.8% | 7.5% | ||
| Q2 24 | 23.5% | 6.5% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 8.0% | ||
| Q3 25 | 64.4% | 7.2% | ||
| Q2 25 | 36.6% | 12.7% | ||
| Q1 25 | 26.4% | 13.7% | ||
| Q4 24 | 46.8% | 10.7% | ||
| Q3 24 | 79.7% | 9.9% | ||
| Q2 24 | 59.7% | 9.2% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 1.19× | ||
| Q3 25 | 2.21× | 0.85× | ||
| Q2 25 | 2.59× | 0.41× | ||
| Q1 25 | 1.17× | 1.11× | ||
| Q4 24 | 4.89× | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
