National Fuel Gas Co
$10.50B- Market cap
- $7.71B
- Debt
- +$2.83B
- Cash
- −$43.17M
Capital structure 73% equity / 27% debt · EV / Revenue 4.61x · EV proxy / EBITDA proxy 8.27x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: NFG stock price at discount vs ILMN $81.09 current versus $215.81 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ILMN's multiple
Implied fair value · at NFG's multiple
Snapshot Sep 11, 2026, 3:53 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Lower is better
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 73% equity / 27% debt · EV / Revenue 4.61x · EV proxy / EBITDA proxy 8.27x
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NATIONAL FUEL GAS CO · implied price per share
Bear
-$9.77
Base
-$6.10
Bull
-$1.32
ILLUMINA, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
NRG ENERGY, INC.
NFG vs NRG
SPIRE INC
NFG vs SR
PUBLIC SERVICE ENTERPRISE GROUP INC
NFG vs PEG
DTE ENERGY CO
NFG vs DTE
PG&E Corp
NFG vs PCG
UGI CORP /PA/
NFG vs UGI
THERMO FISHER SCIENTIFIC INC.
NFG vs TMO
AGILENT TECHNOLOGIES, INC.
NFG vs A
DANAHER CORP /DE/
NFG vs DHR
BIO-RAD LABORATORIES, INC.
NFG vs BIO
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
NFG vs PACB
Natera, Inc.
NFG vs NTRA
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.