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Side-by-side financial comparison of NATIONAL FUEL GAS CO (NFG) and WOLVERINE WORLD WIDE INC (WWW). 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 $517.5M, roughly 1.2× WOLVERINE WORLD WIDE INC). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 6.1%, a 22.3% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 24.1%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $-2.7M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 6.9%).
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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
NFG vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $637.9M | $517.5M |
| Net Profit | $181.6M | $31.8M |
| Gross Margin | 86.6% | 47.3% |
| Operating Margin | 43.3% | 9.7% |
| Net Margin | 28.5% | 6.1% |
| Revenue YoY | 24.1% | 25.5% |
| Net Profit YoY | 303.8% | 162.8% |
| EPS (diluted) | $1.98 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $637.9M | — | ||
| Q3 25 | $443.1M | $470.3M | ||
| Q2 25 | $527.4M | $474.2M | ||
| Q1 25 | $734.8M | $412.3M | ||
| Q4 24 | $513.8M | $494.7M | ||
| Q3 24 | $310.0M | $440.2M | ||
| Q2 24 | $338.6M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $181.6M | — | ||
| Q3 25 | $107.3M | $25.1M | ||
| Q2 25 | $149.8M | $26.8M | ||
| Q1 25 | $216.4M | $12.1M | ||
| Q4 24 | $45.0M | $23.1M | ||
| Q3 24 | $-167.6M | $23.2M | ||
| Q2 24 | $-54.2M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 86.6% | — | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | 94.7% | 47.2% | ||
| Q1 25 | 81.6% | 47.2% | ||
| Q4 24 | 87.3% | 43.4% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | 98.5% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 43.3% | — | ||
| Q3 25 | 40.6% | 8.4% | ||
| Q2 25 | 43.7% | 8.6% | ||
| Q1 25 | 43.2% | 4.8% | ||
| Q4 24 | 16.8% | 7.4% | ||
| Q3 24 | -63.4% | 7.9% | ||
| Q2 24 | -15.2% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 28.5% | — | ||
| Q3 25 | 24.2% | 5.3% | ||
| Q2 25 | 28.4% | 5.7% | ||
| Q1 25 | 29.4% | 2.9% | ||
| Q4 24 | 8.8% | 4.7% | ||
| Q3 24 | -54.1% | 5.3% | ||
| Q2 24 | -16.0% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $1.98 | — | ||
| Q3 25 | $1.18 | $0.30 | ||
| Q2 25 | $1.64 | $0.32 | ||
| Q1 25 | $2.37 | $0.15 | ||
| Q4 24 | $0.49 | $0.29 | ||
| Q3 24 | $-1.81 | $0.28 | ||
| Q2 24 | $-0.59 | $0.17 |
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 | — |
| Total DebtLower is stronger | $2.7B | $621.7M |
| Stockholders' EquityBook value | $3.6B | $408.0M |
| Total Assets | $9.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.75× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | — | ||
| Q3 25 | $43.2M | — | ||
| Q2 25 | $39.3M | — | ||
| Q1 25 | $40.0M | — | ||
| Q4 24 | $48.7M | — | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $81.4M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $676.4M | ||
| Q2 25 | $2.7B | $708.5M | ||
| Q1 25 | $2.7B | $710.8M | ||
| Q4 24 | $2.7B | $648.0M | ||
| Q3 24 | $2.7B | $702.8M | ||
| Q2 24 | $2.7B | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.1B | $376.7M | ||
| Q2 25 | $3.0B | $344.0M | ||
| Q1 25 | $2.8B | $310.6M | ||
| Q4 24 | $-76.2M | $312.9M | ||
| Q3 24 | $-15.5M | $295.2M | ||
| Q2 24 | $5.0M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $9.2B | — | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.4B | $1.8B | ||
| Q1 25 | $8.5B | $1.7B | ||
| Q4 24 | $8.3B | $1.7B | ||
| Q3 24 | $8.3B | $1.8B | ||
| Q2 24 | $8.5B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | 1.80× | ||
| Q2 25 | 0.90× | 2.06× | ||
| Q1 25 | 0.99× | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | 532.10× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $-2.7M | $145.6M |
| FCF MarginFCF / Revenue | -0.4% | 28.1% |
| Capex IntensityCapex / Revenue | 43.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.51× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $204.8M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $274.9M | — | ||
| Q3 25 | $237.8M | $33.0M | ||
| Q2 25 | $388.4M | $44.6M | ||
| Q1 25 | $253.8M | $-83.8M | ||
| Q4 24 | $220.1M | $82.4M | ||
| Q3 24 | $197.9M | $108.2M | ||
| Q2 24 | $281.8M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-47.8M | $30.1M | ||
| Q2 25 | $195.3M | $41.2M | ||
| Q1 25 | $59.9M | $-91.4M | ||
| Q4 24 | $-20.3M | $74.4M | ||
| Q3 24 | $-49.1M | $104.1M | ||
| Q2 24 | $79.5M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | -10.8% | 6.4% | ||
| Q2 25 | 37.0% | 8.7% | ||
| Q1 25 | 8.2% | -22.2% | ||
| Q4 24 | -4.0% | 15.0% | ||
| Q3 24 | -15.8% | 23.6% | ||
| Q2 24 | 23.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 43.5% | — | ||
| Q3 25 | 64.4% | 0.6% | ||
| Q2 25 | 36.6% | 0.7% | ||
| Q1 25 | 26.4% | 1.8% | ||
| Q4 24 | 46.8% | 1.6% | ||
| Q3 24 | 79.7% | 0.9% | ||
| Q2 24 | 59.7% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 2.21× | 1.31× | ||
| Q2 25 | 2.59× | 1.66× | ||
| Q1 25 | 1.17× | -6.93× | ||
| Q4 24 | 4.89× | 3.57× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
