What is Northern Oil and Gas's net margin?

Northern Oil and Gas (NOG) reported net margin of 7.6% in Q3 2025.

How has Northern Oil and Gas's net margin changed year-over-year?

Northern Oil and Gas's net margin decreased by 77.2% year-over-year, from 33.4% to 7.6%.

What is the long-term trend for Northern Oil and Gas's net margin?

Over 4 years (2020 to 2024), Northern Oil and Gas's net margin has grown at a -38.6% compound annual growth rate (CAGR), from -164.1% to 23.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Northern Oil and Gas NOG Net margin

Net margin at other companies

Occidental PetroleumOXY

23.9%+8.9pp

EOG ResourcesEOG

23%-3.1pp

Devon EnergyDVN

13.7%-2.9pp

FAN

Diamondback EnergyFANG

27.3%-6.3pp

Crescent EnergyCRGY

-7.2%-21.1pp

Comstock ResourcesCRK

27.2%+18.6pp

Other financials

Income statement

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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

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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

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Operating cash flow$323.6M-20.6%

CapEx$55.0K-90.6%

Free cash flow$323.6M-20.5%

Valuation

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Market cap$2.11B+1.9%

Enterprise value$4.63B+5.6%

P/S1.1×+0.3×

Profitability

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Gross margin74%-8.0pp

Operating margin17.3%-30.2pp

FCF margin75.7%+17.1pp

Returns & leverage

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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.

net income/total revenue=7.6%

Based on trailing twelve months.

The official record: Northern Oil and Gas’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northern Oil and Gas's net margin?: Northern Oil and Gas (NOG) reported net margin of 7.6% in Q3 2025.
How has Northern Oil and Gas's net margin changed year-over-year?: Northern Oil and Gas's net margin decreased by 77.2% year-over-year, from 33.4% to 7.6%.
What is the long-term trend for Northern Oil and Gas's net margin?: Over 4 years (2020 to 2024), Northern Oil and Gas's net margin has grown at a -38.6% compound annual growth rate (CAGR), from -164.1% to 23.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.