National Fuel Gas Company
NFG Energy Oil & Gas Integrated
National Fuel Gas Company’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, up 17.1% from fiscal 2024.
- Revenue
- +1.07%
- EPS
- −12.1%
- Free cash flow
- −43.2%
- Total debt
- +33.0%
Quarter to June 2026, against a year earlier
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National Fuel Gas Company (NFG) Gross margin
National Fuel Gas Company's gross margin over the twelve months to 30 June 2026 was 87.7%, down 2.9 percentage points from fiscal 2025 (90.6%). Over the past ten years it has ranged from 77.2% (fiscal 2019) to 92.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Oil & Gas Integrated industry median of 39.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 90.6% | (1.65) |
| FY2024 | 92.3% | 12.41 |
| FY2023 | 79.9% | (2.19) |
| FY2022 | 82.1% | (8.08) |
| FY2021 | 90.1% | 5.27 |
| FY2020 | 84.9% | 7.68 |
| FY2019 | 77.2% | (1.60) |
| FY2018 | 78.8% | (3.79) |
| FY2017 | 82.6% | (7.23) |
| FY2016 | 89.8% | 9.69 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 94.4% | 18.65 |
| Mar 2026 | 75.8% | (11.07) |
| Dec 2025 | 86.9% | (16.40) |
| Sep 2025 | 103.3% | 8.52 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| NFG National Fuel Gas Company | 87.7% |
| DEC Diversified Energy Company PLC compare | 68.2% |
| TGS Transportadora De Gas Sa Ord B compare | 53.9% |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 50.8% |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 50.8% |
| CVE Cenovus Energy Inc compare | 40.7% |
| YPF YPF Sociedad Anonima compare | 38.6% |
| EC Ecopetrol S.A. compare | 36.6% |
| E Eni SpA compare | 19.5% |
| Oil & Gas Integrated industry median | 39.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NFG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement