MDU vs NFG
MDU Resources Group Inc. and National Fuel GAS Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MDU | NFG |
|---|---|---|
| Revenue | $1.9B | $2.3B |
| Net income | $190.4M | $518.5M |
| Gross margin | · | 90.6% |
| Net margin | 10.2% | 22.8% |
| Return on equity | 7.0% | · |
| Diluted EPS | $0.93 | $5.68 |
| Dividend / share | $0.54 | $2.10 |
| Payout ratio | 56.9% | 36.3% |
| Free cash flow | $-297.0M | $187.2M |
| Equity | $2.8B | · |
| Net debt / equity | 0.96× | · |
| Current ratio | 0.84× | 0.44× |
| Revenue CAGR 5y | −19.5% | 8.1% |
| Profit CAGR 5y | −13.4% | · |
NFG bills 1.2× the revenue of MDU, and keeps more of each dollar of revenue as profit (22.8% against 10.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MDU | NFG |
|---|---|---|
| FY2025 | $1.9B | $2.3B |
| FY2024 | $1.8B | $1.9B |
| FY2023 | $1.8B | $2.3B |
| FY2022 | $1.8B | $3.1B |
| FY2021 | $3.5B | $1.7B |
| FY2020 | $5.5B | $1.5B |
| FY2019 | $5.3B | $1.7B |
| FY2018 | $4.5B | $1.6B |
| FY2017 | $4.4B | $1.6B |
| FY2016 | $4.1B | $1.5B |
Bottom line
| Fiscal year | MDU | NFG |
|---|---|---|
| FY2025 | $190.4M | $518.5M |
| FY2024 | $281.1M | $77.5M |
| FY2023 | $414.7M | $476.9M |
| FY2022 | $367.5M | $566.0M |
| FY2021 | $378.1M | $363.6M |
| FY2020 | $390.2M | $-123.8M |
| FY2019 | $335.5M | $304.3M |
| FY2018 | $272.3M | $391.5M |
| FY2017 | $281.2M | $283.5M |
| FY2016 | $-67.3M | $-291.0M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$402,475,000 | NFG |
| FY2024 | −$186,832,000 | NFG |
| FY2023 | −$449,087,000 | NFG |
| FY2022 | −$1,307,125,000 | NFG |
| FY2021 | +$1,711,777,000 | MDU |
| FY2020 | +$3,986,459,000 | MDU |
| FY2019 | +$3,643,444,000 | MDU |
| FY2018 | +$2,938,884,000 | MDU |
| FY2017 | +$2,863,470,000 | MDU |
| FY2016 | +$2,676,412,000 | MDU |
| FY2012 | +$2,448,578,000 | MDU |
| FY2011 | +$2,271,650,000 | MDU |
| FY2010 | +$2,149,192,000 | MDU |
The higher-revenue side has changed between MDU and NFG over this period. The gap has narrowed since the earliest year compared.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.6 pp | NFG |
| FY2024 | +12.0 pp | MDU |
| FY2023 | +1.8 pp | MDU |
| FY2022 | +2.5 pp | MDU |
| FY2021 | −9.9 pp | NFG |
| FY2020 | +15.1 pp | MDU |
| FY2019 | −11.7 pp | NFG |
| FY2018 | −18.6 pp | NFG |
| FY2017 | −11.6 pp | NFG |
| FY2016 | +18.4 pp | MDU |
| FY2012 | −13.5 pp | NFG |
| FY2011 | −9.3 pp | NFG |
| FY2010 | −6.7 pp | NFG |
The higher net margin has changed hands between MDU and NFG over this period.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NFG's net margin has been more volatile than MDU's over the 13 comparable fiscal years — 12.6 percentage points of standard deviation against 7.0.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MDU and NFG over these 13 fiscal years — MDU led in 5 and NFG in 8.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.