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NATIONAL FUEL GAS CO（NFG）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是NATIONAL FUEL GAS CO的7.0倍（$4.4B vs $637.9M）。NATIONAL FUEL GAS CO净利率更高（28.5% vs 26.8%，领先1.7%）。标普全球同比增速更快（191.7% vs 24.1%）。NATIONAL FUEL GAS CO自由现金流更多（$-2.7M vs $-1.5B）。过去两年标普全球的营收复合增速更高（77.3% vs 6.9%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
NFG vs VG — 直观对比
营收规模更大
VG
是对方的7.0倍
$637.9M
营收增速更快
VG
高出167.5%
24.1%
净利率更高
NFG
高出1.7%
26.8%
自由现金流更多
NFG
多$1.5B
$-1.5B
两年增速更快
VG
近两年复合增速
6.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $637.9M | $4.4B |
| 净利润 | $181.6M | $1.2B |
| 毛利率 | 86.6% | — |
| 营业利润率 | 43.3% | 38.7% |
| 净利率 | 28.5% | 26.8% |
| 营收同比 | 24.1% | 191.7% |
| 净利润同比 | 303.8% | 20.3% |
| 每股收益（稀释后） | $1.98 | $0.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NFGVG
| Q4 25 | $637.9M | $4.4B | ||
| Q3 25 | $443.1M | $3.3B | ||
| Q2 25 | $527.4M | $3.1B | ||
| Q1 25 | $734.8M | $2.9B | ||
| Q4 24 | $513.8M | $1.5B | ||
| Q3 24 | $310.0M | $926.0M | ||
| Q2 24 | $338.6M | $1.1B | ||
| Q1 24 | $558.7M | $1.4B |
净利润NFGVG
| Q4 25 | $181.6M | $1.2B | ||
| Q3 25 | $107.3M | $550.0M | ||
| Q2 25 | $149.8M | $475.0M | ||
| Q1 25 | $216.4M | $517.0M | ||
| Q4 24 | $45.0M | $990.0M | ||
| Q3 24 | $-167.6M | $-294.0M | ||
| Q2 24 | $-54.2M | $352.0M | ||
| Q1 24 | $166.3M | $698.0M |
毛利率NFGVG
| 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 24 | 81.0% | — |
营业利润率NFGVG
| Q4 25 | 43.3% | 38.7% | ||
| Q3 25 | 40.6% | 39.7% | ||
| Q2 25 | 43.7% | 33.5% | ||
| Q1 25 | 43.2% | 37.3% | ||
| Q4 24 | 16.8% | 39.0% | ||
| Q3 24 | -63.4% | 20.4% | ||
| Q2 24 | -15.2% | 32.8% | ||
| Q1 24 | 44.9% | 43.6% |
净利率NFGVG
| Q4 25 | 28.5% | 26.8% | ||
| Q3 25 | 24.2% | 16.5% | ||
| Q2 25 | 28.4% | 15.3% | ||
| Q1 25 | 29.4% | 17.9% | ||
| Q4 24 | 8.8% | 65.0% | ||
| Q3 24 | -54.1% | -31.7% | ||
| Q2 24 | -16.0% | 31.8% | ||
| Q1 24 | 29.8% | 49.4% |
每股收益（稀释后）NFGVG
| Q4 25 | $1.98 | $0.41 | ||
| Q3 25 | $1.18 | $0.16 | ||
| Q2 25 | $1.64 | $0.14 | ||
| Q1 25 | $2.37 | $0.15 | ||
| Q4 24 | $0.49 | $0.35 | ||
| Q3 24 | $-1.81 | $-0.15 | ||
| Q2 24 | $-0.59 | $0.12 | ||
| Q1 24 | $1.80 | $0.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $271.4M | $2.4B |
| 总债务越低越好 | $2.7B | $34.2B |
| 股东权益账面价值 | $3.6B | $6.7B |
| 总资产 | $9.2B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.75× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资NFGVG
| Q4 25 | $271.4M | $2.4B | ||
| Q3 25 | $43.2M | $1.9B | ||
| Q2 25 | $39.3M | $2.2B | ||
| Q1 25 | $40.0M | $3.6B | ||
| Q4 24 | $48.7M | $3.6B | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $81.4M | — | ||
| Q1 24 | $50.8M | — |
总债务NFGVG
| Q4 25 | $2.7B | $34.2B | ||
| Q3 25 | $2.7B | $32.6B | ||
| Q2 25 | $2.7B | $30.0B | ||
| Q1 25 | $2.7B | $29.3B | ||
| Q4 24 | $2.7B | $29.3B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.4B | — |
股东权益NFGVG
| Q4 25 | $3.6B | $6.7B | ||
| Q3 25 | $3.1B | $5.7B | ||
| Q2 25 | $3.0B | $5.3B | ||
| Q1 25 | $2.8B | $4.9B | ||
| Q4 24 | $-76.2M | $2.9B | ||
| Q3 24 | $-15.5M | — | ||
| Q2 24 | $5.0M | — | ||
| Q1 24 | $75.3M | — |
总资产NFGVG
| Q4 25 | $9.2B | $53.4B | ||
| Q3 25 | $8.7B | $50.1B | ||
| Q2 25 | $8.4B | $46.5B | ||
| Q1 25 | $8.5B | $45.1B | ||
| Q4 24 | $8.3B | $43.5B | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $8.5B | — | ||
| Q1 24 | $8.7B | — |
负债/权益比NFGVG
| Q4 25 | 0.75× | 5.07× | ||
| Q3 25 | 0.87× | 5.73× | ||
| Q2 25 | 0.90× | 5.69× | ||
| Q1 25 | 0.99× | 6.01× | ||
| Q4 24 | — | 10.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — | ||
| Q1 24 | 31.68× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $274.9M | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $-2.7M | $-1.5B |
| 自由现金流率自由现金流/营收 | -0.4% | -34.1% |
| 资本支出强度资本支出/营收 | 43.5% | 81.6% |
| 现金转化率经营现金流/净利润 | 1.51× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $204.8M | $-6.8B |
8季度趋势，按日历期对齐
经营现金流NFGVG
| Q4 25 | $274.9M | $2.1B | ||
| Q3 25 | $237.8M | $1.9B | ||
| Q2 25 | $388.4M | $1.5B | ||
| Q1 25 | $253.8M | $1.1B | ||
| Q4 24 | $220.1M | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $281.8M | — | ||
| Q1 24 | $315.3M | $638.0M |
自由现金流NFGVG
| Q4 25 | $-2.7M | $-1.5B | ||
| Q3 25 | $-47.8M | $-1.4B | ||
| Q2 25 | $195.3M | $-1.5B | ||
| Q1 25 | $59.9M | $-2.4B | ||
| Q4 24 | $-20.3M | — | ||
| Q3 24 | $-49.1M | — | ||
| Q2 24 | $79.5M | — | ||
| Q1 24 | $80.3M | $-2.4B |
自由现金流率NFGVG
| Q4 25 | -0.4% | -34.1% | ||
| Q3 25 | -10.8% | -42.4% | ||
| Q2 25 | 37.0% | -49.1% | ||
| Q1 25 | 8.2% | -81.3% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -15.8% | — | ||
| Q2 24 | 23.5% | — | ||
| Q1 24 | 14.4% | -167.3% |
资本支出强度NFGVG
| Q4 25 | 43.5% | 81.6% | ||
| Q3 25 | 64.4% | 98.9% | ||
| Q2 25 | 36.6% | 96.1% | ||
| Q1 25 | 26.4% | 119.8% | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 59.7% | — | ||
| Q1 24 | 42.1% | 212.4% |
现金转化率NFGVG
| Q4 25 | 1.51× | 1.77× | ||
| Q3 25 | 2.21× | 3.42× | ||
| Q2 25 | 2.59× | 3.07× | ||
| Q1 25 | 1.17× | 2.15× | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.90× | 0.91× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
