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

74.24 0.27 +0.37%
Market cap
$7.0B
P/E
10.2×
Fwd P/E
11.0×
Dividend yield
2.94%
F-score
7/9
Altman Z
1.71
Beneish M
−2.44
Dividend safety
57/100

National Fuel Gas Company (NFG) Return on invested capital

Alert me on Return on invested capital

National Fuel Gas Company's return on invested capital over the twelve months to 30 June 2026 was 10.1%, up 1.2 percentage points from fiscal 2025 (8.87%). Over the past ten years it has ranged from −9.58% (fiscal 2015) to 11.1% (fiscal 2022); the current reading is higher than 73% of that period. That is below the Oil & Gas Integrated industry median of 12.9% and above the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 8.87% 6.49
FY2024 2.38% (6.06)
FY2023 8.44% (2.69)
FY2022 11.1% 2.22
FY2021 8.91% 8.51
FY2020 0.40% (7.01)
FY2019 7.41% (1.03)
FY2018 8.44% (2.07)
FY2017 10.5% 17.99
FY2016 −7.48% 2.10

Against its own ten years

Low −9.58% High 11.1%
Ten-year median 8.44%
Current reading's percentile 73

Return on invested capital against peers

Company Return on invested capital
PBR Petroleo Brasileiro S.A.- Petrobras compare 15.5%
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 15.5%
YPF YPF Sociedad Anonima compare 15.4%
CVE Cenovus Energy Inc compare 14.5%
TGS Transportadora De Gas Sa Ord B compare 14.4%
DEC Diversified Energy Company PLC compare 12.9%
NFG National Fuel Gas Company 10.1%
EC Ecopetrol S.A. compare 9.16%
E Eni SpA compare 3.67%
Oil & Gas Integrated industry median 12.9%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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