Growth Metrics

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

National Fuel Gas' Net Margin history spans 18 years, with the latest figure at 28.85% for Q1 2026.

  • On a quarterly basis, Net Margin fell 79.0% to 28.85% in Q1 2026 year-over-year; TTM through Mar 2026 was 27.37%, a 2546.0% increase, with the full-year FY2025 number at 22.77%, up 1878.0% from a year prior.
  • Net Margin hit 28.85% in Q1 2026 for National Fuel Gas, up from 27.88% in the prior quarter.
  • Over the last five years, Net Margin for NFG hit a ceiling of 36.34% in Q3 2022 and a floor of 45.05% in Q3 2024.
  • Historically, Net Margin has averaged 18.12% across 5 years, with a median of 23.85% in 2022.
  • Biggest five-year swings in Net Margin: tumbled -6502bps in 2024 and later skyrocketed 6807bps in 2025.
  • Tracing NFG's Net Margin over 5 years: stood at 25.75% in 2022, then dropped by -2bps to 25.32% in 2023, then plummeted by -68bps to 8.19% in 2024, then skyrocketed by 241bps to 27.88% in 2025, then rose by 3bps to 28.85% in 2026.
  • Business Quant data shows Net Margin for NFG at 28.85% in Q1 2026, 27.88% in Q4 2025, and 23.02% in Q3 2025.