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Northern Oil and Gas NOG Operating margin

Operating margin at other companies

EOG Resources logo
EOG ResourcesEOG
32.9%+0.8pp
FAN
Diamondback EnergyFANG
35.5%-8.2pp
Vitesse Energy logo
Vitesse EnergyVTS
9.7%-13.3pp
Diversified Energy logo
Diversified EnergyDEC
32.6%+27.2pp
Murphy Oil logo
Murphy OilMUR
18.6%+0.6pp
Chord Energy logo
Chord EnergyCHRD
19%+10.0pp

Other financials

Income statement

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Revenue$745.2M+5.4%
Gross profit$618.1M+5.6%
Operating income$352.5M+100%
Net income$236.6M+138%
EPS (diluted)$2.19+119%

Balance sheet

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Cash & equivalents$47.6M+84.1%
Total debt$2.7B+15.2%
Total equity$2.0B-17.3%
Total assets$5.8B+2.2%

Cash flow

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Operating cash flow$321.6M-11.2%
CapEx$55.0K-90.6%
Free cash flow$323.6M-20.5%

Valuation

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Market cap$2.21B-9.7%
Enterprise value$4.88B+2.1%
P/S1.2×+0.2×

Profitability

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Gross margin74.2%-8.0pp
Net margin7.6%-25.8pp
FCF margin75.7%+17.1pp

Returns & leverage

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Return on equity8%-37.1pp
Debt / equity1.4×+0.4×
Current ratio0.8×-0.4×

Where this comes from

Calculated from Northern Oil and Gas’s reported figures.

Based on trailing twelve months.

The source filing: Northern Oil and Gas’s 10-Q, filed November 7, 2025. Open the filing →

Filed
Nov 7, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001104485-25-000159

FAQ

What is Northern Oil and Gas's operating margin?
Northern Oil and Gas (NOG) reported operating margin of 17.3% in Q3 2025.
How has Northern Oil and Gas's operating margin changed year-over-year?
Northern Oil and Gas's operating margin decreased by 63.5% year-over-year, from 47.5% to 17.3%.
What is the long-term trend for Northern Oil and Gas's operating margin?
Over 4 years (2020 to 2024), Northern Oil and Gas's operating margin has grown at a -29.5% compound annual growth rate (CAGR), from -152.3% to 37.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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