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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

National Fuel Gas' Operating Margin history spans 17 years, with the latest figure at 536.4% for Q3 2025.

  • For Q3 2025, Operating Margin fell 38886.0% year-over-year to 536.4%; the TTM value through Sep 2025 reached 67.14%, up 7634.0%, while the annual FY2025 figure was 577.45%, 58824.0% down from the prior year.
  • Operating Margin for Q3 2025 was 536.4% at National Fuel Gas, up from 670.64% in the prior quarter.
  • Across five years, Operating Margin topped out at 43.46% in Q1 2025 and bottomed at 670.64% in Q2 2025.
  • The 5-year median for Operating Margin is 21.07% (2022), against an average of 76.84%.
  • The largest annual shift saw Operating Margin skyrocketed 2420bps in 2023 before it tumbled -65832bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 38.36% in 2021, then grew by 1bps to 38.61% in 2022, then increased by 2bps to 39.42% in 2023, then plummeted by -60bps to 15.69% in 2024, then crashed by -3520bps to 536.4% in 2025.
  • Per Business Quant, the three most recent readings for NFG's Operating Margin are 536.4% (Q3 2025), 670.64% (Q2 2025), and 43.46% (Q1 2025).