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Gross margin at other companies

EQT Corporation logo
EQT CorporationEQT
84.9%+16.1pp
Oneok logo
OneokOKE
29.6%-6.0pp
Kinder Morgan logo
Kinder MorganKMI
66.9%-2.7pp
Energy Transfer logo
Energy TransferET
25.2%-0.6pp
TRG
Targa ResourcesTRGP
41.8%+7.3pp
Atmos Energy logo
Atmos EnergyATO
75.1%+15.5pp

Other financials

Income statement

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Revenue$858.4M+17.6%
Gross profit$650.5M+9.4%
Operating income$347.1M+9.4%
Net income$247.7M+14.5%
EPS (diluted)$2.59+9.3%

Balance sheet

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Cash & equivalents$26.6M-70.9%
Total debt$2.1B-17.9%
Total equity$3.8B+38.3%
Total assets$9.1B+7.6%

Cash flow

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Operating cash flow$382.4M+50.7%
CapEx$220.6M+13.8%
Free cash flow$161.7M+170%

Valuation

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Market cap$7.21B+24.5%
Enterprise value$9.31B+14.1%
P/E10.5×
P/S2.9×+0.1×

Profitability

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Operating margin41.2%
Net margin27.4%
FCF margin7.2%

Returns & leverage

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Return on equity20.8%
Debt / equity0.6×-0.4×
Current ratio0.6×+0.1×

Where this comes from

Calculated from National Fuel Gas’s reported figures.

Based on trailing twelve months.

The official record: National Fuel Gas’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Fuel Gas's gross margin?
National Fuel Gas (NFG) reported gross margin of 87.8% in Q1 2026.
How has National Fuel Gas's gross margin changed year-over-year?
National Fuel Gas's gross margin decreased by 3.4% year-over-year, from 90.9% to 87.8%.
What is the long-term trend for National Fuel Gas's gross margin?
Over 5 years (2020 to 2025), National Fuel Gas's gross margin has grown at a 1.3% compound annual growth rate (CAGR), from 84.9% to 90.6%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.