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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($637.9M vs $334.0M, roughly 1.9× WYNDHAM HOTELS & RESORTS, INC.). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs -18.0%, a 46.4% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
NFG vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $637.9M | $334.0M |
| Net Profit | $181.6M | $-60.0M |
| Gross Margin | 86.6% | — |
| Operating Margin | 43.3% | — |
| Net Margin | 28.5% | -18.0% |
| Revenue YoY | 24.1% | -76.3% |
| Net Profit YoY | 303.8% | -170.6% |
| EPS (diluted) | $1.98 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $637.9M | $334.0M | ||
| Q3 25 | $443.1M | $382.0M | ||
| Q2 25 | $527.4M | $397.0M | ||
| Q1 25 | $734.8M | $316.0M | ||
| Q4 24 | $513.8M | $336.0M | ||
| Q3 24 | $310.0M | $396.0M | ||
| Q2 24 | $338.6M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $181.6M | $-60.0M | ||
| Q3 25 | $107.3M | $105.0M | ||
| Q2 25 | $149.8M | $87.0M | ||
| Q1 25 | $216.4M | $61.0M | ||
| Q4 24 | $45.0M | $85.0M | ||
| Q3 24 | $-167.6M | $102.0M | ||
| Q2 24 | $-54.2M | $86.0M |
| 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 | — | — | ||
| Q4 25 | 43.3% | -11.4% | ||
| Q3 25 | 40.6% | 46.6% | ||
| Q2 25 | 43.7% | 37.8% | ||
| Q1 25 | 43.2% | 35.4% | ||
| Q4 24 | 16.8% | 38.4% | ||
| Q3 24 | -63.4% | 43.2% | ||
| Q2 24 | -15.2% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 28.5% | -18.0% | ||
| Q3 25 | 24.2% | 27.5% | ||
| Q2 25 | 28.4% | 21.9% | ||
| Q1 25 | 29.4% | 19.3% | ||
| Q4 24 | 8.8% | 25.3% | ||
| Q3 24 | -54.1% | 25.8% | ||
| Q2 24 | -16.0% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.98 | $-0.77 | ||
| Q3 25 | $1.18 | $1.36 | ||
| Q2 25 | $1.64 | $1.13 | ||
| Q1 25 | $2.37 | $0.78 | ||
| Q4 24 | $0.49 | $1.06 | ||
| Q3 24 | $-1.81 | $1.29 | ||
| Q2 24 | $-0.59 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.4M | $64.0M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $3.6B | $468.0M |
| Total Assets | $9.2B | $4.2B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $271.4M | $64.0M | ||
| Q3 25 | $43.2M | $70.0M | ||
| Q2 25 | $39.3M | $50.0M | ||
| Q1 25 | $40.0M | $48.0M | ||
| Q4 24 | $48.7M | $103.0M | ||
| Q3 24 | $38.2M | $72.0M | ||
| Q2 24 | $81.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.7B | $2.5B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.7B | $2.4B | ||
| Q2 24 | $2.7B | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $3.6B | $468.0M | ||
| Q3 25 | $3.1B | $583.0M | ||
| Q2 25 | $3.0B | $570.0M | ||
| Q1 25 | $2.8B | $579.0M | ||
| Q4 24 | $-76.2M | $650.0M | ||
| Q3 24 | $-15.5M | $583.0M | ||
| Q2 24 | $5.0M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $9.2B | $4.2B | ||
| Q3 25 | $8.7B | $4.3B | ||
| Q2 25 | $8.4B | $4.3B | ||
| Q1 25 | $8.5B | $4.2B | ||
| Q4 24 | $8.3B | $4.2B | ||
| Q3 24 | $8.3B | $4.2B | ||
| Q2 24 | $8.5B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 5.37× | ||
| Q3 25 | 0.87× | 4.43× | ||
| Q2 25 | 0.90× | 4.44× | ||
| Q1 25 | 0.99× | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | 532.10× | 3.83× |
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 | $274.9M | $367.0M |
| Free Cash FlowOCF − Capex | $-2.7M | $168.0M |
| FCF MarginFCF / Revenue | -0.4% | 50.3% |
| Capex IntensityCapex / Revenue | 43.5% | — |
| Cash ConversionOCF / Net Profit | 1.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $204.8M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $274.9M | $152.0M | ||
| Q3 25 | $237.8M | $86.0M | ||
| Q2 25 | $388.4M | $70.0M | ||
| Q1 25 | $253.8M | $59.0M | ||
| Q4 24 | $220.1M | $134.0M | ||
| Q3 24 | $197.9M | $79.0M | ||
| Q2 24 | $281.8M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $-2.7M | $136.0M | ||
| Q3 25 | $-47.8M | $75.0M | ||
| Q2 25 | $195.3M | $58.0M | ||
| Q1 25 | $59.9M | $52.0M | ||
| Q4 24 | $-20.3M | $109.0M | ||
| Q3 24 | $-49.1M | $71.0M | ||
| Q2 24 | $79.5M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | -0.4% | 40.7% | ||
| Q3 25 | -10.8% | 19.6% | ||
| Q2 25 | 37.0% | 14.6% | ||
| Q1 25 | 8.2% | 16.5% | ||
| Q4 24 | -4.0% | 32.4% | ||
| Q3 24 | -15.8% | 17.9% | ||
| Q2 24 | 23.5% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 43.5% | 4.8% | ||
| Q3 25 | 64.4% | 2.9% | ||
| Q2 25 | 36.6% | 3.0% | ||
| Q1 25 | 26.4% | 2.2% | ||
| Q4 24 | 46.8% | 7.4% | ||
| Q3 24 | 79.7% | 2.0% | ||
| Q2 24 | 59.7% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | 0.82× | ||
| Q2 25 | 2.59× | 0.80× | ||
| Q1 25 | 1.17× | 0.97× | ||
| Q4 24 | 4.89× | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
