NFG vs SR
National Fuel GAS Co. and Spire Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NFG | SR |
|---|---|---|
| Revenue | $2.3B | $2.5B |
| Net income | $518.5M | $271.7M |
| Gross margin | 90.6% | 58.8% |
| Net margin | 22.8% | 11.0% |
| Return on equity | · | 8.2% |
| Diluted EPS | $5.68 | $4.37 |
| Dividend / share | $2.10 | $3.14 |
| Payout ratio | 36.3% | 67.1% |
| Free cash flow | $187.2M | $-344.4M |
| Equity | · | $3.4B |
| Net debt / equity | · | 1.14× |
| Current ratio | 0.44× | 0.32× |
| Revenue CAGR 5y | 8.1% | 5.9% |
| Profit CAGR 5y | · | 25.1% |
NFG and SR book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (22.8% against 11.0%).
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 | NFG | SR |
|---|---|---|
| FY2025 | $2.3B | $2.5B |
| FY2024 | $1.9B | $2.6B |
| FY2023 | $2.3B | $2.7B |
| FY2022 | $3.1B | $2.2B |
| FY2021 | $1.7B | $2.2B |
| FY2020 | $1.5B | $1.9B |
| FY2019 | $1.7B | $2.0B |
| FY2018 | $1.6B | $2.0B |
| FY2017 | $1.6B | $1.7B |
| FY2016 | $1.5B | $1.5B |
Bottom line
| Fiscal year | NFG | SR |
|---|---|---|
| FY2025 | $518.5M | $271.7M |
| FY2024 | $77.5M | $250.9M |
| FY2023 | $476.9M | $217.5M |
| FY2022 | $566.0M | $220.8M |
| FY2021 | $363.6M | $271.7M |
| FY2020 | $-123.8M | $88.6M |
| FY2019 | $304.3M | $184.6M |
| FY2018 | $391.5M | $214.2M |
| FY2017 | $283.5M | $161.6M |
| FY2016 | $-291.0M | $144.2M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$198,859,000 | SR |
| FY2024 | −$648,190,000 | SR |
| FY2023 | −$411,406,000 | SR |
| FY2022 | +$862,783,000 | NFG |
| FY2021 | −$492,841,000 | SR |
| FY2020 | −$309,109,000 | SR |
| FY2019 | −$259,068,000 | SR |
| FY2018 | −$372,332,000 | SR |
| FY2017 | −$160,819,000 | SR |
| FY2016 | −$84,884,000 | SR |
| FY2012 | +$501,353,000 | NFG |
| FY2011 | +$202,482,000 | NFG |
| FY2010 | +$25,474,000 | NFG |
The higher-revenue side has changed between NFG and SR over this period. The gap has widened since the earliest year compared.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +11.8 pp | NFG |
| FY2024 | −5.7 pp | SR |
| FY2023 | +13.0 pp | NFG |
| FY2022 | +8.4 pp | NFG |
| FY2021 | +8.7 pp | NFG |
| FY2020 | −12.8 pp | SR |
| FY2019 | +8.5 pp | NFG |
| FY2018 | +13.7 pp | NFG |
| FY2017 | +8.7 pp | NFG |
| FY2016 | −29.4 pp | SR |
| FY2012 | +8.0 pp | NFG |
| FY2011 | +10.5 pp | NFG |
| FY2010 | +9.7 pp | NFG |
The higher net margin has changed hands between NFG and SR over this period.
13 of 18 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 SR's over the 13 comparable fiscal years — 12.6 percentage points of standard deviation against 2.8.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NFG and SR over these 13 fiscal years — NFG led in 10 and SR in 3.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.