What are National Fuel Gas's profit margins?

National Fuel Gas (NFG) runs a 87.8% gross margin and a 41.2% operating margin, with a 27.4% net margin.

Where do National Fuel Gas's ratios come from?

Every ratio is computed from National Fuel Gas's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

National Fuel Gas NFG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	87.8%-2.4pp	90.2%-0.4pp	90.6%+0.3pp	90.3%-0.6pp	90.9%-1.0pp
Operating margin	41.2%-1.0pp	42.2%+6.5pp	35.7%—	——	——
Net margin	27.4%-0.2pp	27.5%+4.8pp	22.8%—	——	——
Returns
Return on equity	20.8%—	——	——	——	——
Return on invested capital	13.8%-5.5pp	19.3%+3.9pp	15.4%—	——	——
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.2×0.0×
Liquidity
Current ratio	0.6×0.0×	0.6×+0.2×	0.4×0.0×	0.5×0.0×	0.5×+0.1×
Leverage
Debt-to-equity	0.6×-0.1×	0.6×-0.2×	0.8×0.0×	0.8×-0.1×	0.9×—
Net debt / EBITDA	1.4×+0.1×	1.3×-0.7×	2×—	——	——
Per Share
Book value per share	$39.97+2.4%	$39.02+15.0%	$33.92+3.9%	$32.65+7.6%	$30.33+3,742%
Valuation
Market capitalization	$8.93B+23.1%	$7.25B-13.1%	$8.35B+8.1%	$7.72B+7.7%	$7.17B+30.1%
Price / earnings	13×+1.9×	11.1×-5.0×	16.1×—	——	——
Price / sales	3.6×+0.5×	3×-0.6×	3.7×+0.1×	3.5×+0.1×	3.5×+0.7×
Price / book	2.3×+0.3×	2×-0.7×	2.7×+0.1×	2.6×0.0×	2.6×—
EV / EBITDA	7.3×+1.1×	6.2×-2.3×	8.6×—	——	——
Dividend yield	2.2%-0.4pp	2.6%+0.4pp	2.3%-0.2pp	2.4%-0.2pp	2.6%-0.8pp

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Questions, answered.

What are National Fuel Gas's profit margins?: National Fuel Gas (NFG) runs a 87.8% gross margin and a 41.2% operating margin, with a 27.4% net margin.
Where do National Fuel Gas's ratios come from?: Every ratio is computed from National Fuel Gas's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.