National Fuel Gas (NFG) FCF Margin (2016 - 2026)
National Fuel Gas' FCF Margin came in at 20.65% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 16.08 percentage points from 36.73% a year earlier but up 1.81 percentage points from the prior quarter.
National Fuel Gas (NFG) FCF Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, National Fuel Gas reported FCF Margin of 8.84%, up 0.33 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 8.22%, up 1.29 percentage points from FY2024.
- FCF Margin carries a five-year change of +6.63 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was 6.93% in FY2024 (-3.52 pp), 10.45% in FY2023 (+10.42 pp), 0.03% in FY2022 (-2.25 pp) and 2.28% in FY2021 (+0.69 pp).
- The five-year range for quarterly FCF Margin is -33.49% (fiscal Q4 2021) to 36.73% (fiscal Q3 2025).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +2.45 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q1 2023 (a gain of 21.93 percentage points), and the weakest in fiscal Q4 2021 (a drop of 16.75 percentage points).
- Business Quant data shows NFG's FCF Margin at 18.84% (Q2 2026), -0.42% (Q1 2026) and -10.24% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.97 Bn | 699.45 Bn | - | 14.68% |
| 2 | Chevron | 442.44 Bn | 414.56 Bn | 33.45 Bn | 25.83% |
| 3 | Shell | 310.86 Bn | 240.60 Bn | 30.13 Bn | -62.50% |
| 4 | TotalEnergies SE | 198.55 Bn | 79.14 Bn | 61.77 Bn | 10.73% |
| 5 | Conocophillips | 176.51 Bn | 149.22 Bn | 12.81 Bn | 22.59% |
| 6 | Equinor Asa | 118.85 Bn | 33.31 Bn | - | 18.76% |
| 7 | Phillips 66 | 116.08 Bn | 103.87 Bn | 8.38 Bn | 12.55% |
| 8 | Canadian Natural Resources | 113.61 Bn | 110.62 Bn | 8.84 Bn | 62.43% |
| 9 | Suncor Energy | 95.30 Bn | 81.05 Bn | - | 36.85% |
| 10 | National Fuel Gas | 7.49 Bn | 5.91 Bn | 507.62 Mn | 20.65% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.65% |
| Mar 31, 2026 | 18.84% |
| Dec 31, 2025 | -0.42% |
| Sep 30, 2025 | -10.24% |
| Jun 30, 2025 | 36.73% |
| Mar 31, 2025 | 8.21% |
| Dec 31, 2024 | -3.70% |
| Sep 30, 2024 | -13.19% |
| Jun 30, 2024 | 19.05% |
| Mar 31, 2024 | 12.75% |
| Dec 31, 2023 | 4.57% |
| Sep 30, 2023 | -27.15% |
| Jun 30, 2023 | 26.25% |
| Mar 31, 2023 | 16.87% |
| Dec 31, 2022 | 14.25% |
| Sep 30, 2022 | -13.98% |
| Jun 30, 2022 | 10.21% |
| Mar 31, 2022 | 7.44% |
| Dec 31, 2021 | -7.69% |
| Sep 30, 2021 | -33.49% |
National Fuel Gas FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "NFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();