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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	74%-8.0pp	80.9%+0.2pp	80.2%-3.2pp	82.2%+1.1pp	82%+0.9pp
Free cash flow margin	75.7%+17.1pp	60.8%-2.5pp	62.3%+4.0pp	56.1%-8.7pp	58.5%-7.4pp
Efficiency
Asset turnover	0.3×-0.1×	0.4×0.0×	0.5×-0.1×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	0.5×-0.4×	1.1×+0.2×	1.1×-0.1×	1.2×+0.3×	0.9×0.0×
Quick ratio	0.5×-0.4×	1.1×+0.2×	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×+0.5×	1.1×+0.1×	1×+0.2×	1×+0.1×	1×0.0×
Debt-to-assets	0.5×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Per Share
Book value per share	$18.12-24.6%	$21.41-6.6%	$23.11+0.6%	$24.28+19.7%	$24.02+22.0%
Valuation
Market capitalization	$3.05B+1.9%	$2.1B-43.5%	$2.42B-31.8%	$2.88B-23.4%	$3B-25.1%
Enterprise value	$5.57B+5.6%	$4.48B-26.2%	$4.73B-13.4%	$5.22B-7.2%	$5.27B-10.8%
Price / sales	1.6×+0.4×	0.8×-0.8×	1×-0.4×	1.1×-0.7×	1.2×-0.8×
Price / book	1.7×+0.5×	1×-0.6×	1.1×-0.5×	1.2×-0.6×	1.2×-0.8×
EV / sales	3×+0.8×	1.8×-0.9×	2×-0.2×	2×-0.7×	2.2×-0.8×
Free cash flow yield	46.5%-1.0pp	71.8%+33.8pp	61.2%+20.1pp	50.2%+14.6pp	47.5%+14.9pp
Dividend yield	5.8%+0.3pp	8.3%+3.9pp	7.1%+2.7pp	5.8%+1.8pp	5.5%+2.0pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

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.