What are Northern Oil and Gas's profit margins?

Northern Oil and Gas (NOG) runs a 74.0% gross margin and a 17.3% operating margin, with a 7.6% net margin.

Where do Northern Oil and Gas's ratios come from?

Every ratio is computed from Northern Oil and Gas's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Northern Oil and Gas NOG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	74%-6.9pp	80.9%+0.6pp	80.2%-2.0pp	82.2%+0.2pp	82%+1.3pp
Free cash flow margin	75.7%+14.9pp	60.8%-1.5pp	62.3%+6.2pp	56.1%-2.5pp	58.5%-4.7pp
Efficiency
Asset turnover	0.3×-0.1×	0.4×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	0.5×-0.6×	1.1×0.0×	1.1×-0.1×	1.2×+0.3×	0.9×0.0×
Quick ratio	0.5×-0.6×	1.1×0.0×	1.1×-0.1×	1.2×+0.3×	0.9×0.0×
Cash ratio	0×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	1.4×+0.3×	1.1×+0.1×	1×+0.1×	1×0.0×	1×-0.1×
Debt-to-assets	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Per Share
Book value per share	$18.12-15.4%	$21.41-7.3%	$23.11-4.8%	$24.28+1.1%	$24.02+4.8%
Valuation
Market capitalization	$3.05B+45.8%	$2.1B-13.4%	$2.42B-15.9%	$2.88B-4.0%	$3B-19.2%
Enterprise value	$5.57B+24.4%	$4.48B-5.4%	$4.73B-9.2%	$5.22B-1.1%	$5.27B-13.1%
Price / sales	1.6×+0.8×	0.8×-0.2×	1×-0.1×	1.1×-0.1×	1.2×-0.4×
Price / book	1.7×+0.7×	1×-0.1×	1.1×-0.1×	1.2×-0.1×	1.2×-0.4×
EV / sales	3×+1.2×	1.8×-0.2×	2×0.0×	2×-0.1×	2.2×-0.6×
Free cash flow yield	46.5%-25.3pp	71.8%+10.6pp	61.2%+11.0pp	50.2%+2.7pp	47.5%+9.5pp
Dividend yield	5.8%-2.5pp	8.3%+1.2pp	7.1%+1.3pp	5.8%+0.4pp	5.5%+1.1pp

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Questions, answered.

What are Northern Oil and Gas's profit margins?: Northern Oil and Gas (NOG) runs a 74.0% gross margin and a 17.3% operating margin, with a 7.6% net margin.
Where do Northern Oil and Gas's ratios come from?: Every ratio is computed from Northern Oil and Gas's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.