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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and TRIMAS CORP (TRS). 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 $256.5M, roughly 1.7× TRIMAS CORP). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 31.9%, a 3.8% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 3.3%).
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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
NFG vs TRS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $256.5M |
| Net Profit | $152.0M | $81.7M |
| Gross Margin | — | 12.8% |
| Operating Margin | 81.5% | 5.7% |
| Net Margin | 35.7% | 31.9% |
| Revenue YoY | 1.7% | 3.8% |
| Net Profit YoY | — | 236.9% |
| EPS (diluted) | $1.59 | $2.03 |
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 | $256.5M | ||
| Q4 25 | $637.9M | $-140.0M | ||
| Q3 25 | $443.1M | $269.3M | ||
| Q2 25 | $527.4M | $274.8M | ||
| Q1 25 | $734.8M | $241.7M | ||
| Q4 24 | $513.8M | $-66.2M | ||
| Q3 24 | $310.0M | $229.4M | ||
| Q2 24 | $338.6M | $240.5M |
| Q1 26 | $152.0M | $81.7M | ||
| Q4 25 | $181.6M | $81.7M | ||
| Q3 25 | $107.3M | $9.3M | ||
| Q2 25 | $149.8M | $16.7M | ||
| Q1 25 | $216.4M | $12.4M | ||
| Q4 24 | $45.0M | $5.6M | ||
| Q3 24 | $-167.6M | $2.5M | ||
| Q2 24 | $-54.2M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 86.6% | — | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | 94.7% | 13.8% | ||
| Q1 25 | 81.6% | 13.6% | ||
| Q4 24 | 87.3% | — | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | 98.5% | 14.4% |
| Q1 26 | 81.5% | 5.7% | ||
| Q4 25 | 43.3% | — | ||
| Q3 25 | 40.6% | 6.2% | ||
| Q2 25 | 43.7% | 9.9% | ||
| Q1 25 | 43.2% | 9.0% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | -63.4% | 3.6% | ||
| Q2 24 | -15.2% | 7.4% |
| Q1 26 | 35.7% | 31.9% | ||
| Q4 25 | 28.5% | -58.4% | ||
| Q3 25 | 24.2% | 3.5% | ||
| Q2 25 | 28.4% | 6.1% | ||
| Q1 25 | 29.4% | 5.1% | ||
| Q4 24 | 8.8% | -8.5% | ||
| Q3 24 | -54.1% | 1.1% | ||
| Q2 24 | -16.0% | 4.5% |
| Q1 26 | $1.59 | $2.03 | ||
| Q4 25 | $1.98 | $2.01 | ||
| Q3 25 | $1.18 | $0.23 | ||
| Q2 25 | $1.64 | $0.41 | ||
| Q1 25 | $2.37 | $0.30 | ||
| Q4 24 | $0.49 | $0.14 | ||
| Q3 24 | $-1.81 | $0.06 | ||
| Q2 24 | $-0.59 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.0M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $705.6M |
| Total Assets | $9.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $271.4M | $30.0M | ||
| Q3 25 | $43.2M | $33.6M | ||
| Q2 25 | $39.3M | $30.3M | ||
| Q1 25 | $40.0M | $32.7M | ||
| Q4 24 | $48.7M | $23.1M | ||
| Q3 24 | $38.2M | $26.9M | ||
| Q2 24 | $81.4M | $35.0M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $469.2M | ||
| Q3 25 | $2.7B | $407.1M | ||
| Q2 25 | $2.7B | $424.5M | ||
| Q1 25 | $2.7B | $434.2M | ||
| Q4 24 | $2.7B | $398.1M | ||
| Q3 24 | $2.7B | $409.9M | ||
| Q2 24 | $2.7B | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $3.6B | $705.6M | ||
| Q3 25 | $3.1B | $725.0M | ||
| Q2 25 | $3.0B | $715.3M | ||
| Q1 25 | $2.8B | $686.6M | ||
| Q4 24 | $-76.2M | $667.3M | ||
| Q3 24 | $-15.5M | $682.8M | ||
| Q2 24 | $5.0M | $675.9M |
| Q1 26 | $9.1B | $1.5B | ||
| Q4 25 | $9.2B | $1.5B | ||
| Q3 25 | $8.7B | $1.4B | ||
| Q2 25 | $8.4B | $1.4B | ||
| Q1 25 | $8.5B | $1.4B | ||
| Q4 24 | $8.3B | $1.3B | ||
| Q3 24 | $8.3B | $1.4B | ||
| Q2 24 | $8.5B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.66× | ||
| Q3 25 | 0.87× | 0.56× | ||
| Q2 25 | 0.90× | 0.59× | ||
| Q1 25 | 0.99× | 0.63× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | 532.10× | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | — | $36.8M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | 117.0% | 18.9% |
| Cash ConversionOCF / Net Profit | 4.32× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | $117.5M | ||
| Q4 25 | $274.9M | $41.5M | ||
| Q3 25 | $237.8M | $36.5M | ||
| Q2 25 | $388.4M | $30.3M | ||
| Q1 25 | $253.8M | $9.2M | ||
| Q4 24 | $220.1M | $27.1M | ||
| Q3 24 | $197.9M | $22.0M | ||
| Q2 24 | $281.8M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $-2.7M | $36.8M | ||
| Q3 25 | $-47.8M | $22.8M | ||
| Q2 25 | $195.3M | $13.2M | ||
| Q1 25 | $59.9M | $-3.8M | ||
| Q4 24 | $-20.3M | $12.1M | ||
| Q3 24 | $-49.1M | $10.2M | ||
| Q2 24 | $79.5M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | -0.4% | -26.3% | ||
| Q3 25 | -10.8% | 8.5% | ||
| Q2 25 | 37.0% | 4.8% | ||
| Q1 25 | 8.2% | -1.6% | ||
| Q4 24 | -4.0% | -18.3% | ||
| Q3 24 | -15.8% | 4.4% | ||
| Q2 24 | 23.5% | 3.1% |
| Q1 26 | 117.0% | 18.9% | ||
| Q4 25 | 43.5% | -3.4% | ||
| Q3 25 | 64.4% | 5.1% | ||
| Q2 25 | 36.6% | 6.2% | ||
| Q1 25 | 26.4% | 5.4% | ||
| Q4 24 | 46.8% | -22.6% | ||
| Q3 24 | 79.7% | 5.2% | ||
| Q2 24 | 59.7% | 4.5% |
| Q1 26 | 4.32× | 1.44× | ||
| Q4 25 | 1.51× | 0.51× | ||
| Q3 25 | 2.21× | 3.92× | ||
| Q2 25 | 2.59× | 1.81× | ||
| Q1 25 | 1.17× | 0.74× | ||
| Q4 24 | 4.89× | 4.80× | ||
| Q3 24 | — | 8.71× | ||
| Q2 24 | — | 1.68× |
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% |
TRS
Segment breakdown not available.
