What is Northern Oil and Gas's EV / sales?

Northern Oil and Gas (NOG) reported EV / sales of 3× in Q1 2026.

How has Northern Oil and Gas's EV / sales changed year-over-year?

Northern Oil and Gas's EV / sales increased by 36.7% year-over-year, from 2.2× to 3×.

What is the long-term trend for Northern Oil and Gas's EV / sales?

Over 5 years (2020 to 2025), Northern Oil and Gas's EV / sales has grown at a -9.2% compound annual growth rate (CAGR), from 2.9× to 1.8×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Northern Oil and Gas NOG EV / sales

EV / sales at other companies

Occidental PetroleumOXY

3.9×+0.7×

EOG ResourcesEOG

3.4×+0.5×

Devon EnergyDVN

2.4×+0.4×

FAN

Diamondback EnergyFANG

4.6×0.0×

Crescent EnergyCRGY

2.5×+0.7×

Comstock ResourcesCRK

4×-2.3×

Other financials

Income statement

See full

Revenue$5.0M-99.2%

Gross profit-$124.7M-126%

Operating income-$654.9M-386%

Net income-$522.8M-476%

EPS (diluted)-$5.31-482%

Balance sheet

See full

Cash & equivalents$37.0M+10.3%

Total debt$2.6B+10.4%

Total equity$1.8B-25.7%

Total assets$5.5B-2.8%

Cash flow

See full

Operating cash flow$323.6M-20.6%

CapEx$55.0K-90.6%

Free cash flow$323.6M-20.5%

Valuation

See full

Market cap$2.11B+1.9%

Enterprise value$4.63B+5.6%

P/S1.1×+0.3×

Profitability

See full

Gross margin74%-8.0pp

Operating margin17.3%-30.2pp

Net margin7.6%-25.8pp

FCF margin75.7%+17.1pp

Returns & leverage

See full

Return on equity8%-37.1pp

Debt / equity1.4×+0.5×

Current ratio0.5×-0.4×

Where this comes from

Calculated from Northern Oil and Gas’s reported figures.

enterprise value/total revenue=3×

Based on the most recent quarter.

The official record: Northern Oil and Gas’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Northern Oil and Gas's ev / sales.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Northern Oil and Gas's EV / sales?: Northern Oil and Gas (NOG) reported EV / sales of 3× in Q1 2026.
How has Northern Oil and Gas's EV / sales changed year-over-year?: Northern Oil and Gas's EV / sales increased by 36.7% year-over-year, from 2.2× to 3×.
What is the long-term trend for Northern Oil and Gas's EV / sales?: Over 5 years (2020 to 2025), Northern Oil and Gas's EV / sales has grown at a -9.2% compound annual growth rate (CAGR), from 2.9× to 1.8×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.