Company / FCF Margin
National Fuel Gas FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
8.2%
FY2025
5-year range
-5.6% / 8.2%
FY2021-FY2025
Trend
+18.6%
vs FY2024
Sector context
#7 of 51
Utilities
What the data says
National Fuel Gas's fcf margin of 8.2% is higher than 86% of companies in the Utilities sector (FY2025). FCF Margin has increased for 4 consecutive years, from -5.6% in FY2021 to 8.2% in FY2025.
Based on SEC 10-K filings.
8.2% in FY2025 with a 5-year CAGR of +6.3%. Top quartile in the Utilities sector.
Improved from 2.3% to 8.2% over the past 2 years.
Utilities sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +8.2pp
- 5-Year Change
- +6.3pp
- 10-Year Change
- -
Sector benchmark
Top 14% in UtilitiesTop 14% of 51This company 8.2% Sector average -5.9%
▼
+240.2% above sector average
Key checks
Key Insights
- National Fuel Gas's fcf margin has grown for 4 consecutive years.
- In FY2025, fcf margin increased 18.6% year-over-year.
- Currently 14.1pp above the Utilities sector average.
- Peak fcf margin was recorded in FY2017.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 0.93 (distress zone, below 1.8 threshold)
- Strong profit margin: 22.8%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 8.2% | +18.6% |
| FY2024 | 6.9% | +203.9% |
| FY2023 | 2.3% | +7500.0% |
| FY2022 | 0.0% | +100.5% |
| FY2021 | -5.6% | -383.2% |
| FY2020 | 2.0% | +135.3% |
| FY2019 | -5.6% | -383.2% |
| FY2018 | 2.0% | -86.7% |
| FY2017 | 14.8% | +2805.9% |
| FY2016 | 0.5% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026