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Northern Oil and Gas NOG Return on assets

Return on assets at other companies

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5.8%+1.7pp
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EOG ResourcesEOG
11%-2.3pp
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7.1%-2.8pp
FAN
Diamondback EnergyFANG
5.9%-1.0pp
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9%+6.6pp

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
Net margin7.6%-25.8pp
FCF margin75.7%+17.1pp

Returns & leverage

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Return on equity8%-37.1pp
Debt / equity1.4×+0.5×
Current ratio0.5×-0.4×

Where this comes from

Calculated from Northern Oil and Gas’s reported figures.

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 return on assets?
Northern Oil and Gas (NOG) reported return on assets of 3.4% in Q3 2025.
How has Northern Oil and Gas's return on assets changed year-over-year?
Northern Oil and Gas's return on assets decreased by 80.8% year-over-year, from 17.9% to 3.4%.
What is the long-term trend for Northern Oil and Gas's return on assets?
Over 4 years (2020 to 2024), Northern Oil and Gas's return on assets has grown at a -36.9% compound annual growth rate (CAGR), from -65.2% to 10.3%.
What does return on assets mean?
Trailing-twelve-month net income divided by average total assets. Measures how efficiently the asset base generates profit, independent of how those assets are financed. Computed as net income over average total assets — note this is OpenCapital's standard definition and may differ from data vendors that use alternative numerators.