Growth Metrics

National Fuel Gas (NFG) Gross Margin (2016 - 2025)

National Fuel Gas (NFG) has disclosed Gross Margin for 17 consecutive years, with 86.86% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 125.0% to 86.86% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 90.18% through Dec 2025, down 175.0% year-over-year, with the annual reading at 90.63% for FY2025, 166.0% down from the prior year.
  • Gross Margin hit 86.86% in Q4 2025 for National Fuel Gas, down from 103.26% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 104.67% in Q3 2024 to a low of 66.0% in Q1 2023.
  • Historically, Gross Margin has averaged 88.86% across 5 years, with a median of 88.67% in 2023.
  • Biggest five-year swings in Gross Margin: crashed -909bps in 2022 and later skyrocketed 1718bps in 2024.
  • Year by year, Gross Margin stood at 81.41% in 2021, then fell by -9bps to 74.02% in 2022, then rose by 21bps to 89.24% in 2023, then dropped by -1bps to 88.11% in 2024, then fell by -1bps to 86.86% in 2025.
  • Business Quant data shows Gross Margin for NFG at 86.86% in Q4 2025, 103.26% in Q3 2025, and 94.74% in Q2 2025.