Growth Metrics

National Fuel Gas (NFG) Gross Margin (2016 - 2026)

National Fuel Gas' Gross Margin history spans 18 years, with the latest figure at 75.79% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 567.0% to 75.79% in Q1 2026 year-over-year; TTM through Mar 2026 was 87.79%, a 311.0% decrease, with the full-year FY2025 number at 90.63%, down 166.0% from a year prior.
  • Gross Margin hit 75.79% in Q1 2026 for National Fuel Gas, down from 86.86% in the prior quarter.
  • Over the last five years, Gross Margin for NFG hit a ceiling of 104.67% in Q3 2024 and a floor of 66.0% in Q1 2023.
  • Historically, Gross Margin has averaged 87.89% across 5 years, with a median of 88.11% in 2024.
  • Biggest five-year swings in Gross Margin: crashed -909bps in 2022 and later skyrocketed 1718bps in 2024.
  • Tracing NFG's Gross Margin over 5 years: stood at 74.02% in 2022, then increased by 21bps to 89.24% in 2023, then fell by -1bps to 88.11% in 2024, then decreased by -1bps to 86.86% in 2025, then fell by -13bps to 75.79% in 2026.
  • Business Quant data shows Gross Margin for NFG at 75.79% in Q1 2026, 86.86% in Q4 2025, and 103.26% in Q3 2025.