How National Fuel Gas (NFG) Makes Money: A Visual Guide
National Fuel Gas (NFG) generated $2.37B in revenue (TTM through Q4 2025), earning $655.16M in net profit (27.6% margin). Its largest revenue source is Utility (40.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
National Fuel Gas (NFG) Income Statement Flow
Frequently asked questions
How does National Fuel Gas (NFG) make money?
- National Fuel Gas (NFG) primarily makes money through Utility, which accounts for 40.8% of total revenue. For TTM through Q4 2025, National Fuel Gas generated $2.37B in total revenue with a net profit margin of 27.6%.
What is National Fuel Gas (NFG) gross profit margin?
- National Fuel Gas (NFG) reported a gross profit margin of 51.5% for TTM through Q4 2025, equivalent to $1.22B in gross profit. This means National Fuel Gas retains 51.5% of each revenue unit after direct costs of production.
What is National Fuel Gas (NFG) operating profit margin?
- National Fuel Gas (NFG) reported an operating profit margin of 42.3% for TTM through Q4 2025, equivalent to $1.00B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is National Fuel Gas (NFG) net profit margin?
- National Fuel Gas (NFG) reported a net profit margin of 27.6% for TTM through Q4 2025, equivalent to $655.16M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does National Fuel Gas (NFG) spend on capital expenditures?
- National Fuel Gas (NFG) spent $950.02M on capital expenditures in TTM through Q4 2025 (40.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is National Fuel Gas (NFG) free cash flow?
- National Fuel Gas (NFG) generated $204.84M in free cash flow for TTM through Q4 2025 (8.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is National Fuel Gas (NFG) effective tax rate?
- National Fuel Gas (NFG) had an effective tax rate of 25.5% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
Data & methodology
What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
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