National Fuel Gas (NFG) Return on Capital Employed (2010 - 2026)
National Fuel Gas (NFG) posted Return on Capital Employed of 12.38% for Q1 2026, down 3.91% sequentially from 12.88% in Q4 2025, and up 1022.0% YoY from 1.1% in Q1 2025.
National Fuel Gas (NFG) Return on Capital Employed (2010 - 2026) Analysis & Trends
National Fuel Gas (NFG) has 17 years of Return on Capital Employed data on file, last reported at 12.38% in Q1 2026.
- Quarterly Return on Capital Employed rose 1022.0% year-over-year to 12.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.38% (up 1022.0% YoY) and the FY2025 annual result came in at 10.71%, up 780.0% from the prior year.
- Return on Capital Employed fell to 12.38% in Q1 2026 per NFG's latest filing, from 12.88% in the prior quarter.
- The five-year high for Return on Capital Employed was 13.44% in Q3 2022, with the low at 1.25% in Q4 2024.
- Average Return on Capital Employed over 5 years is 9.35%, with a median of 10.62% recorded in 2025.
- Year-over-year, Return on Capital Employed plunged 803 bps in 2024 and soared 1163 bps in 2025.
- National Fuel Gas' Return on Capital Employed stood at 13.26% in 2022, then declined by 30 bps to 9.28% in 2023, then sank by 87 bps to 1.25% in 2024, then surged by 932 bps to 12.88% in 2025, then retreated by 4 bps to 12.38% in 2026.
- Business Quant data shows NFG's Return on Capital Employed at 12.38% in Q1 2026, 12.88% in Q4 2025, and 10.62% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | 10.30% |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | - |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | - |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -80.45% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 18.04% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | 25.65% |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 12.38% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | 9.71% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | -4.66% |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | -285.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.38% |
| Dec 31, 2025 | 12.88% |
| Sep 30, 2025 | 10.62% |
| Jun 30, 2025 | 5.77% |
| Mar 31, 2025 | 2.16% |
| Dec 31, 2024 | 1.25% |
| Sep 30, 2024 | 2.87% |
| Jun 30, 2024 | 6.59% |
| Mar 31, 2024 | 9.33% |
| Dec 31, 2023 | 9.28% |
| Sep 30, 2023 | 10.22% |
| Jun 30, 2023 | 10.96% |
| Mar 31, 2023 | 11.69% |
| Dec 31, 2022 | 13.26% |
| Sep 30, 2022 | 13.44% |
| Jun 30, 2022 | 13.28% |
| Mar 31, 2022 | 12.97% |
| Dec 31, 2021 | 10.65% |
| Sep 30, 2021 | 10.49% |
| Jun 30, 2021 | 5.09% |