National Fuel GAS vs UGI
UGI is the larger business, with $7.29bn of revenue in fiscal 2025 against $2.28bn for National Fuel GAS (3.2 times as much). National Fuel GAS grew faster (17.1% against 1.1%). National Fuel GAS kept more of each dollar of sales as profit: a net margin of 22.8% against 9.3%. National Fuel GAS carries less debt relative to equity (92.1% against 139.2%).
| Latest fiscal year | National Fuel GASNFG, 2025 | UGIUGI, 2025 |
|---|---|---|
| Revenue | $2.28bn | $7.29bn |
| Revenue growth | 17.1% | 1.1% |
| Net income | $519m | $678m |
| Operating margin | 35.7% | 15.2% |
| Net margin | 22.8% | 9.3% |
| Return on equity | 33.7% | 14.9% |
| Free cash flow | $187m | $390m |
| Cash | $43.2m | $335m |
| Total debt | $2.85bn | $6.65bn |
| Debt to equity | 92.1% | 139.2% |
| Dividend per share | $2.10 | $1.50 |
| Dividend yield | 2.6% | 3.9% |
| Share buybacks | $54.4m | $33.0m |
| Employees | 2,322 | 9,400 |
| Market value | $7.49bn | $8.23bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 66 (Moderate) | 35 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 7 sales |