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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $425.9M, roughly 2.9× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -35.0%, a 70.7% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (1.7% vs -0.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
NFG vs VAC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $425.9M | $1.2B |
| Net Profit | $152.0M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 81.5% | — |
| Net Margin | 35.7% | -35.0% |
| Revenue YoY | 1.7% | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | $1.59 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $443.1M | $1.2B | ||
| Q2 25 | $527.4M | $1.2B | ||
| Q1 25 | $734.8M | $1.1B | ||
| Q4 24 | $513.8M | $1.2B | ||
| Q3 24 | $310.0M | $1.2B | ||
| Q2 24 | $338.6M | $1.1B |
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $-431.0M | ||
| Q3 25 | $107.3M | $-2.0M | ||
| Q2 25 | $149.8M | $69.0M | ||
| Q1 25 | $216.4M | $56.0M | ||
| Q4 24 | $45.0M | $50.0M | ||
| Q3 24 | $-167.6M | $84.0M | ||
| Q2 24 | $-54.2M | $37.0M |
| 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% | — | ||
| Q4 25 | 28.5% | -35.0% | ||
| Q3 25 | 24.2% | -0.2% | ||
| Q2 25 | 28.4% | 6.0% | ||
| Q1 25 | 29.4% | 5.0% | ||
| Q4 24 | 8.8% | 4.0% | ||
| Q3 24 | -54.1% | 6.9% | ||
| Q2 24 | -16.0% | 3.5% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $-12.00 | ||
| Q3 25 | $1.18 | $-0.07 | ||
| Q2 25 | $1.64 | $1.77 | ||
| Q1 25 | $2.37 | $1.46 | ||
| Q4 24 | $0.49 | $1.29 | ||
| Q3 24 | $-1.81 | $2.12 | ||
| Q2 24 | $-0.59 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $406.0M |
| Total DebtLower is stronger | $300.0M | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | $9.1B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $406.0M | ||
| Q3 25 | $43.2M | $474.0M | ||
| Q2 25 | $39.3M | $205.0M | ||
| Q1 25 | $40.0M | $196.0M | ||
| Q4 24 | $48.7M | $197.0M | ||
| Q3 24 | $38.2M | $197.0M | ||
| Q2 24 | $81.4M | $206.0M |
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $2.0B | ||
| Q3 25 | $3.1B | $2.5B | ||
| Q2 25 | $3.0B | $2.5B | ||
| Q1 25 | $2.8B | $2.4B | ||
| Q4 24 | $-76.2M | $2.4B | ||
| Q3 24 | $-15.5M | $2.4B | ||
| Q2 24 | $5.0M | $2.4B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $9.8B | ||
| Q3 25 | $8.7B | $10.1B | ||
| Q2 25 | $8.4B | $9.9B | ||
| Q1 25 | $8.5B | $9.9B | ||
| Q4 24 | $8.3B | $9.8B | ||
| Q3 24 | $8.3B | $9.7B | ||
| Q2 24 | $8.5B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — |
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 | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | 117.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 4.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $6.0M | ||
| Q3 25 | $237.8M | $62.0M | ||
| Q2 25 | $388.4M | $-48.0M | ||
| Q1 25 | $253.8M | $8.0M | ||
| Q4 24 | $220.1M | $100.0M | ||
| Q3 24 | $197.9M | $72.0M | ||
| Q2 24 | $281.8M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $-6.0M | ||
| Q3 25 | $-47.8M | $51.0M | ||
| Q2 25 | $195.3M | $-68.0M | ||
| Q1 25 | $59.9M | $-6.0M | ||
| Q4 24 | $-20.3M | $86.0M | ||
| Q3 24 | $-49.1M | $58.0M | ||
| Q2 24 | $79.5M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | -0.5% | ||
| Q3 25 | -10.8% | 4.3% | ||
| Q2 25 | 37.0% | -5.9% | ||
| Q1 25 | 8.2% | -0.5% | ||
| Q4 24 | -4.0% | 6.9% | ||
| Q3 24 | -15.8% | 4.8% | ||
| Q2 24 | 23.5% | 1.6% |
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 1.0% | ||
| Q3 25 | 64.4% | 0.9% | ||
| Q2 25 | 36.6% | 1.7% | ||
| Q1 25 | 26.4% | 1.3% | ||
| Q4 24 | 46.8% | 1.1% | ||
| Q3 24 | 79.7% | 1.1% | ||
| Q2 24 | 59.7% | 1.2% |
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.59× | -0.70× | ||
| Q1 25 | 1.17× | 0.14× | ||
| Q4 24 | 4.89× | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
