National Fuel Gas Company (NFG)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 59.55% | 86.15% | 84.71% | 78.49% | 74.36% | 73.39% | 72.60% | 74.24% | 76.17% | 76.70% | 77.97% | 81.41% | 83.25% | 85.17% | 84.06% | 82.77% | 86.12% | 86.17% | 87.93% | 94.82% |
| Operating profit margin | 10.78% | 27.38% | 37.74% | 34.70% | 34.74% | 36.06% | 36.05% | 37.38% | 37.26% | 36.50% | 36.94% | 38.20% | 36.72% | 19.92% | 16.47% | 1.64% | 1.93% | 18.55% | 20.19% | 30.24% |
| Pretax margin | 4.49% | 21.27% | 31.80% | 28.93% | 29.51% | 30.50% | 30.19% | 31.88% | 31.23% | 30.61% | 31.05% | 29.68% | 27.45% | 10.06% | 6.61% | -7.51% | -6.79% | 10.43% | 12.13% | 23.19% |
| Net profit margin | 3.99% | 16.42% | 23.84% | 21.58% | 21.94% | 25.06% | 24.93% | 26.25% | 25.89% | 23.49% | 23.67% | 22.63% | 20.87% | 7.83% | 5.36% | -8.59% | -8.00% | 4.45% | 5.77% | 17.50% |
National Fuel Gas Company's profitability ratios have displayed some fluctuations over the past few quarters. The gross profit margin has generally been strong, ranging from 59.55% to 94.82%. However, there was a noticeable decrease from 94.82% in Q1 2020 to 59.55% in Q3 2024.
The operating profit margin has also varied significantly, with a high of 37.74% in Q1 2024 and a low of 1.64% in Q4 2020. Despite some ups and downs, the company has generally maintained a healthy operating profit margin.
The pretax margin and net profit margin show similar fluctuations, with both metrics peaking in Q1 2024 and experiencing some declines in subsequent quarters. It is worth noting that the net profit margin has been negative in a few quarters, indicating periods of operational challenges.
Overall, National Fuel Gas Company has demonstrated a mix of strong and weaker profitability performance across the analyzed periods, suggesting the need for continued monitoring and strategic management of cost efficiencies and revenue generation.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.52% | 6.27% | 8.50% | 8.24% | 9.12% | 9.96% | 10.47% | 10.56% | 10.32% | 9.48% | 9.46% | 9.30% | 8.57% | 4.63% | 3.71% | 0.36% | 0.43% | 4.04% | 4.77% | 7.43% |
| Return on assets (ROA) | 0.93% | 3.76% | 5.37% | 5.13% | 5.76% | 6.92% | 7.24% | 7.42% | 7.17% | 6.10% | 6.06% | 5.51% | 4.87% | 1.82% | 1.21% | -1.88% | -1.78% | 0.97% | 1.36% | 4.30% |
| Return on total capital | 9.65% | 20.12% | 29.94% | 28.86% | 32.42% | 34.60% | 41.09% | 47.99% | 55.88% | 18.82% | 18.72% | 14.90% | 14.49% | 7.19% | 5.59% | 0.61% | 0.65% | 5.93% | 7.60% | 11.54% |
| Return on equity (ROE) | — | 6,313.09% | 617.98% | 653.30% | — | — | — | — | — | 24.69% | 25.39% | 19.82% | 20.36% | 6.52% | 4.09% | -6.48% | -6.28% | 3.10% | 4.40% | 13.21% |
The profitability ratios of National Fuel Gas Company show mixed performance over the periods indicated.
Operating return on assets (Operating ROA) fluctuated between 2.52% to 10.56% in the most recent quarter analyzed, with a general downward trend from 10.47% in the first quarter of 2023. This indicates the company's ability to generate operating profit from its assets slightly declined over time.
Return on assets (ROA) follows a similar trend, albeit at lower levels compared to Operating ROA. ROA ranged from -1.88% to 7.42% over the same periods, with a dip in profitability in the last two quarters of 2020 and 2021 but recovering in recent quarters.
Return on total capital increased significantly from 9.65% in September 2024 to 55.88% in September 2022 before dropping to 11.54% in December 2019. This ratio suggests the company's efficiency in generating profits from its total invested capital, with a noteworthy peak in mid-2022.
Return on equity (ROE) exhibited extremely high levels of 6,313.09% in June 2024 and 617.98% in March 2024. The ratio was not calculable in some quarters, indicating potential distortions possibly due to irregularities in earnings or shareholder equity figures. ROE significantly varied over the analyzed periods, with the highest levels in the most recent quarters, pointing towards very high profitability in relation to shareholders' equity.
In conclusion, National Fuel Gas Company's profitability ratios show fluctuations over time, indicating varying levels of effectiveness in generating profits from assets, capital, and equity. It would be essential for stakeholders to analyze the underlying reasons for these fluctuations to assess the sustainability and growth prospects of the company.