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Side-by-side financial comparison of UGI CORP (UGI) and Western Digital (WDC). Click either name above to swap in a different company.

Western Digital is the larger business by last-quarter revenue ($3.0B vs $2.1B, roughly 1.5× UGI CORP). Western Digital runs the higher net margin — 61.1% vs 14.4%, a 46.7% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs 3.9%). Over the past eight quarters, Western Digital's revenue compounded faster (-6.6% CAGR vs -7.5%).

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).

UGI vs WDC — Head-to-Head

Bigger by revenue
WDC
WDC
1.5× larger
WDC
$3.0B
$2.1B
UGI
Growing faster (revenue YoY)
WDC
WDC
+27.6% gap
WDC
31.5%
3.9%
UGI
Higher net margin
WDC
WDC
46.7% more per $
WDC
61.1%
14.4%
UGI
Faster 2-yr revenue CAGR
WDC
WDC
Annualised
WDC
-6.6%
-7.5%
UGI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
UGI
UGI
WDC
WDC
Revenue
$2.1B
$3.0B
Net Profit
$297.0M
$1.8B
Gross Margin
45.7%
Operating Margin
22.0%
30.1%
Net Margin
14.4%
61.1%
Revenue YoY
3.9%
31.5%
Net Profit YoY
-20.8%
254.2%
EPS (diluted)
$1.34
$4.73

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.

Revenue
UGI
UGI
WDC
WDC
Q1 26
$3.0B
Q4 25
$2.1B
$2.8B
Q3 25
$1.2B
Q2 25
$1.4B
$-1.2B
Q1 25
$2.6B
$2.3B
Q4 24
$2.0B
$4.3B
Q3 24
$1.2B
$4.1B
Q2 24
$1.4B
$3.8B
Net Profit
UGI
UGI
WDC
WDC
Q1 26
$1.8B
Q4 25
$297.0M
$1.2B
Q3 25
$-13.0M
Q2 25
$-163.0M
$282.0M
Q1 25
$479.0M
$520.0M
Q4 24
$375.0M
$594.0M
Q3 24
$-273.0M
$493.0M
Q2 24
$-48.0M
$39.0M
Gross Margin
UGI
UGI
WDC
WDC
Q1 26
45.7%
Q4 25
43.5%
Q3 25
Q2 25
Q1 25
39.8%
Q4 24
35.4%
Q3 24
37.9%
Q2 24
35.9%
Operating Margin
UGI
UGI
WDC
WDC
Q1 26
30.1%
Q4 25
22.0%
28.1%
Q3 25
1.1%
Q2 25
-6.8%
Q1 25
26.6%
33.1%
Q4 24
24.5%
19.9%
Q3 24
-20.4%
18.1%
Q2 24
5.0%
5.7%
Net Margin
UGI
UGI
WDC
WDC
Q1 26
61.1%
Q4 25
14.4%
41.9%
Q3 25
-1.1%
Q2 25
-12.0%
-24.4%
Q1 25
18.2%
22.7%
Q4 24
18.9%
13.9%
Q3 24
-22.6%
12.0%
Q2 24
-3.6%
1.0%
EPS (diluted)
UGI
UGI
WDC
WDC
Q1 26
$4.73
Q4 25
$1.34
$3.07
Q3 25
$-0.08
Q2 25
$-0.76
$0.72
Q1 25
$2.19
$1.42
Q4 24
$1.74
$1.63
Q3 24
$-1.26
$1.35
Q2 24
$-0.23
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
UGI
UGI
WDC
WDC
Cash + ST InvestmentsLiquidity on hand
$251.0M
$2.0B
Total DebtLower is stronger
$6.0B
$4.7B
Stockholders' EquityBook value
$5.0B
$7.1B
Total Assets
$15.8B
$15.6B
Debt / EquityLower = less leverage
1.19×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UGI
UGI
WDC
WDC
Q1 26
$2.0B
Q4 25
$251.0M
$2.0B
Q3 25
$335.0M
Q2 25
$350.0M
$2.1B
Q1 25
$426.0M
$3.5B
Q4 24
$240.0M
$2.3B
Q3 24
$213.0M
$1.7B
Q2 24
$183.0M
$1.9B
Total Debt
UGI
UGI
WDC
WDC
Q1 26
$4.7B
Q4 25
$6.0B
$4.7B
Q3 25
$6.5B
Q2 25
$5.7B
$4.7B
Q1 25
$6.6B
$7.3B
Q4 24
$6.6B
$7.4B
Q3 24
$6.4B
$7.4B
Q2 24
$6.3B
$7.4B
Stockholders' Equity
UGI
UGI
WDC
WDC
Q1 26
$7.1B
Q4 25
$5.0B
$5.9B
Q3 25
$4.8B
Q2 25
$4.9B
$5.3B
Q1 25
$5.0B
$5.2B
Q4 24
$4.6B
$12.1B
Q3 24
$4.3B
$11.6B
Q2 24
$4.7B
$10.8B
Total Assets
UGI
UGI
WDC
WDC
Q1 26
$15.6B
Q4 25
$15.8B
$14.4B
Q3 25
$15.5B
Q2 25
$15.4B
$14.0B
Q1 25
$15.7B
$16.4B
Q4 24
$15.4B
$25.5B
Q3 24
$15.1B
$24.8B
Q2 24
$15.1B
$24.2B
Debt / Equity
UGI
UGI
WDC
WDC
Q1 26
0.65×
Q4 25
1.19×
0.80×
Q3 25
1.37×
Q2 25
1.17×
0.89×
Q1 25
1.32×
1.42×
Q4 24
1.44×
0.61×
Q3 24
1.48×
0.64×
Q2 24
1.34×
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
UGI
UGI
WDC
WDC
Operating Cash FlowLast quarter
$66.0M
Free Cash FlowOCF − Capex
$-155.0M
FCF MarginFCF / Revenue
-7.5%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
0.22×
TTM Free Cash FlowTrailing 4 quarters
$282.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UGI
UGI
WDC
WDC
Q1 26
Q4 25
$66.0M
$672.0M
Q3 25
$90.0M
Q2 25
$289.0M
$746.0M
Q1 25
$684.0M
$508.0M
Q4 24
$164.0M
$403.0M
Q3 24
$151.0M
$34.0M
Q2 24
$390.0M
$366.0M
Free Cash Flow
UGI
UGI
WDC
WDC
Q1 26
Q4 25
$-155.0M
$599.0M
Q3 25
$-168.0M
Q2 25
$67.0M
$675.0M
Q1 25
$538.0M
$379.0M
Q4 24
$-47.0M
$287.0M
Q3 24
$-115.0M
$-62.0M
Q2 24
$185.0M
$250.0M
FCF Margin
UGI
UGI
WDC
WDC
Q1 26
Q4 25
-7.5%
21.3%
Q3 25
-14.4%
Q2 25
4.9%
-58.5%
Q1 25
20.4%
16.5%
Q4 24
-2.4%
6.7%
Q3 24
-9.5%
-1.5%
Q2 24
13.7%
6.6%
Capex Intensity
UGI
UGI
WDC
WDC
Q1 26
Q4 25
10.7%
2.6%
Q3 25
22.1%
Q2 25
16.3%
-6.2%
Q1 25
5.5%
5.6%
Q4 24
10.6%
2.7%
Q3 24
22.0%
2.3%
Q2 24
15.2%
3.1%
Cash Conversion
UGI
UGI
WDC
WDC
Q1 26
Q4 25
0.22×
0.57×
Q3 25
Q2 25
2.65×
Q1 25
1.43×
0.98×
Q4 24
0.44×
0.68×
Q3 24
0.07×
Q2 24
9.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

UGI
UGI

Segment breakdown not available.

WDC
WDC

Cloud$2.7B89%
Client Devices$176.0M6%
Consumer$168.0M6%

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