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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and UDR, Inc. (UDR). 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 $425.8M, roughly 1.0× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs 35.7%, a 8.9% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs 0.9%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
NFG vs UDR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $425.8M |
| Net Profit | $152.0M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | 54.0% |
| Net Margin | 35.7% | 44.6% |
| Revenue YoY | 1.7% | 0.9% |
| Net Profit YoY | — | 147.2% |
| EPS (diluted) | $1.59 | $0.63 |
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 | $425.8M | ||
| Q4 25 | $637.9M | $433.1M | ||
| Q3 25 | $443.1M | $431.9M | ||
| Q2 25 | $527.4M | $425.4M | ||
| Q1 25 | $734.8M | $421.9M | ||
| Q4 24 | $513.8M | $422.7M | ||
| Q3 24 | $310.0M | $420.2M | ||
| Q2 24 | $338.6M | $415.3M |
| Q1 26 | $152.0M | $189.8M | ||
| Q4 25 | $181.6M | $222.9M | ||
| Q3 25 | $107.3M | $40.4M | ||
| Q2 25 | $149.8M | $37.7M | ||
| Q1 25 | $216.4M | $76.7M | ||
| Q4 24 | $45.0M | $-5.0M | ||
| Q3 24 | $-167.6M | $22.6M | ||
| Q2 24 | $-54.2M | $28.9M |
| 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% | 54.0% | ||
| Q4 25 | 43.3% | 64.1% | ||
| Q3 25 | 40.6% | 17.7% | ||
| Q2 25 | 43.7% | 18.2% | ||
| Q1 25 | 43.2% | 29.0% | ||
| Q4 24 | 16.8% | 15.7% | ||
| Q3 24 | -63.4% | 16.6% | ||
| Q2 24 | -15.2% | 16.5% |
| Q1 26 | 35.7% | 44.6% | ||
| Q4 25 | 28.5% | 51.5% | ||
| Q3 25 | 24.2% | 9.4% | ||
| Q2 25 | 28.4% | 8.9% | ||
| Q1 25 | 29.4% | 18.2% | ||
| Q4 24 | 8.8% | -220.5% | ||
| Q3 24 | -54.1% | 5.4% | ||
| Q2 24 | -16.0% | 7.0% |
| Q1 26 | $1.59 | $0.63 | ||
| Q4 25 | $1.98 | $0.67 | ||
| Q3 25 | $1.18 | $0.12 | ||
| Q2 25 | $1.64 | $0.11 | ||
| Q1 25 | $2.37 | $0.23 | ||
| Q4 24 | $0.49 | $-0.01 | ||
| Q3 24 | $-1.81 | $0.06 | ||
| Q2 24 | $-0.59 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $3.3B |
| Total Assets | $9.1B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $271.4M | $1.2M | ||
| Q3 25 | $43.2M | $1.2M | ||
| Q2 25 | $39.3M | $1.5M | ||
| Q1 25 | $40.0M | $1.3M | ||
| Q4 24 | $48.7M | $1.3M | ||
| Q3 24 | $38.2M | $2.3M | ||
| Q2 24 | $81.4M | $2.8M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | $5.8B | ||
| Q3 25 | $2.7B | $5.8B | ||
| Q2 25 | $2.7B | $5.8B | ||
| Q1 25 | $2.7B | $5.8B | ||
| Q4 24 | $2.7B | $5.8B | ||
| Q3 24 | $2.7B | $5.9B | ||
| Q2 24 | $2.7B | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.6B | $3.3B | ||
| Q3 25 | $3.1B | $3.3B | ||
| Q2 25 | $3.0B | $3.3B | ||
| Q1 25 | $2.8B | $3.3B | ||
| Q4 24 | $-76.2M | $3.4B | ||
| Q3 24 | $-15.5M | $3.5B | ||
| Q2 24 | $5.0M | $3.7B |
| Q1 26 | $9.1B | $10.3B | ||
| Q4 25 | $9.2B | $10.6B | ||
| Q3 25 | $8.7B | $10.6B | ||
| Q2 25 | $8.4B | $10.6B | ||
| Q1 25 | $8.5B | $10.7B | ||
| Q4 24 | $8.3B | $10.9B | ||
| Q3 24 | $8.3B | $11.1B | ||
| Q2 24 | $8.5B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.77× | ||
| Q3 25 | 0.87× | 1.78× | ||
| Q2 25 | 0.90× | 1.74× | ||
| Q1 25 | 0.99× | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | 532.10× | 1.55× |
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% | 4.9% |
| 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 | $902.9M | ||
| Q3 25 | $237.8M | $234.9M | ||
| Q2 25 | $388.4M | $250.3M | ||
| Q1 25 | $253.8M | $156.2M | ||
| Q4 24 | $220.1M | $876.8M | ||
| Q3 24 | $197.9M | $230.3M | ||
| Q2 24 | $281.8M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $650.0M | ||
| Q3 25 | $-47.8M | $164.6M | ||
| Q2 25 | $195.3M | $190.1M | ||
| Q1 25 | $59.9M | $103.2M | ||
| Q4 24 | $-20.3M | $627.0M | ||
| Q3 24 | $-49.1M | $161.3M | ||
| Q2 24 | $79.5M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 150.1% | ||
| Q3 25 | -10.8% | 38.1% | ||
| Q2 25 | 37.0% | 44.7% | ||
| Q1 25 | 8.2% | 24.5% | ||
| Q4 24 | -4.0% | 148.3% | ||
| Q3 24 | -15.8% | 38.4% | ||
| Q2 24 | 23.5% | 41.2% |
| Q1 26 | 117.0% | 4.9% | ||
| Q4 25 | 43.5% | 58.4% | ||
| Q3 25 | 64.4% | 16.3% | ||
| Q2 25 | 36.6% | 14.2% | ||
| Q1 25 | 26.4% | 12.6% | ||
| Q4 24 | 46.8% | 59.1% | ||
| Q3 24 | 79.7% | 16.4% | ||
| Q2 24 | 59.7% | 16.2% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 4.05× | ||
| Q3 25 | 2.21× | 5.81× | ||
| Q2 25 | 2.59× | 6.64× | ||
| Q1 25 | 1.17× | 2.04× | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | — | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
