National Fuel Gas (NFG) Return on Capital Employed (2010 - 2026)
National Fuel Gas (NFG) posted Return on Capital Employed of 10.9% for Q2 2026, down 11.97% sequentially from 12.38% in Q1 2026, and up 513.0% YoY from 1.78% in Q2 2025.
National Fuel Gas (NFG) Return on Capital Employed (2010 - 2026) Analysis & Trends
National Fuel Gas has reported Return on Capital Employed for 17 years, with the latest figure at 10.9% in Q2 2026.
- Quarterly Return on Capital Employed rose 513.0% year-over-year to 10.9% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.9% (up 513.0% YoY) and the FY2025 annual result came in at 10.71%, up 780.0% from the prior year.
- Return on Capital Employed eased to 10.9% in Q2 2026 per NFG's latest filing, from 12.38% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 13.44% in Q3 2022 and troughed at 1.25% in Q4 2024.
- A 5-year average of 9.44% and a median of 10.76% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2024 and 2025: Return on Capital Employed slumped 803 bps in 2024, then jumped 1163 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 13.26% in 2022, then dropped by 30 bps to 9.28% in 2023, then plunged by 87 bps to 1.25% in 2024, then jumped by 932 bps to 12.88% in 2025, then declined by 15 bps to 10.9% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 10.9%, 12.38%, and 12.88% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | - |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 10.38% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -19.99% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 4.63% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 21.46% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 31.72% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 31.85% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 11.22% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 60.77% |
| 10 | National Fuel Gas | 7.86 Bn | 6.63 Bn | 507.62 Mn | 10.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.90% |
| 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% |