Growth Metrics

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

National Fuel Gas (NFG) has disclosed Net Margin for 17 consecutive years, with 27.88% as the latest value for Q4 2025.

  • Quarterly Net Margin rose 1969.0% to 27.88% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 27.53% through Dec 2025, up 2807.0% year-over-year, with the annual reading at 22.77% for FY2025, 1878.0% up from the prior year.
  • Net Margin hit 27.88% in Q4 2025 for National Fuel Gas, up from 23.02% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 36.34% in Q3 2022 to a low of 45.05% in Q3 2024.
  • Historically, Net Margin has averaged 18.51% across 5 years, with a median of 23.43% in 2022.
  • Biggest five-year swings in Net Margin: soared 7497bps in 2021 and later tumbled -6502bps in 2024.
  • Year by year, Net Margin stood at 24.22% in 2021, then grew by 6bps to 25.75% in 2022, then decreased by -2bps to 25.32% in 2023, then tumbled by -68bps to 8.19% in 2024, then surged by 241bps to 27.88% in 2025.
  • Business Quant data shows Net Margin for NFG at 27.88% in Q4 2025, 23.02% in Q3 2025, and 28.17% in Q2 2025.