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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and NORTHERN OIL & GAS, INC. (NOG). Click either name above to swap in a different company.
NORTHERN OIL & GAS, INC. is the larger business by last-quarter revenue ($610.2M vs $595.5M, roughly 1.0× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.4% vs -11.6%, a 17.0% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (7.6% vs -72.6%). Allegiant Travel CO produced more free cash flow last quarter ($90.4M vs $43.2M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
ALGT vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $610.2M |
| Net Profit | $31.9M | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | 11.2% | — |
| Net Margin | 5.4% | -11.6% |
| Revenue YoY | 7.6% | -72.6% |
| Net Profit YoY | 114.8% | -198.7% |
| EPS (diluted) | $1.82 | $-0.73 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $610.2M | ||
| Q4 25 | $595.5M | $610.2M | ||
| Q3 25 | $494.1M | $556.6M | ||
| Q2 25 | $617.9M | $706.8M | ||
| Q1 25 | $616.8M | $602.1M | ||
| Q4 24 | $553.6M | $515.0M | ||
| Q3 24 | $489.0M | $753.6M | ||
| Q2 24 | $594.5M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $31.9M | $-70.7M | ||
| Q3 25 | $-43.6M | $-129.1M | ||
| Q2 25 | $-65.2M | $99.6M | ||
| Q1 25 | $32.1M | $139.0M | ||
| Q4 24 | $-216.2M | $71.7M | ||
| Q3 24 | $-36.8M | $298.4M | ||
| Q2 24 | $13.7M | $138.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.4% | ||
| Q3 25 | — | 78.7% | ||
| Q2 25 | — | 82.8% | ||
| Q1 25 | — | 81.1% | ||
| Q4 24 | — | 77.4% | ||
| Q3 24 | — | 85.8% | ||
| Q2 24 | — | 82.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | -5.5% | ||
| Q3 25 | -5.5% | -22.6% | ||
| Q2 25 | -10.9% | 24.9% | ||
| Q1 25 | 10.5% | 38.1% | ||
| Q4 24 | -47.7% | 25.8% | ||
| Q3 24 | -5.4% | 57.6% | ||
| Q2 24 | 5.9% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | 5.4% | -11.6% | ||
| Q3 25 | -8.8% | -23.2% | ||
| Q2 25 | -10.5% | 14.1% | ||
| Q1 25 | 5.2% | 23.1% | ||
| Q4 24 | -39.1% | 13.9% | ||
| Q3 24 | -7.5% | 39.6% | ||
| Q2 24 | 2.3% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $1.82 | $-0.67 | ||
| Q3 25 | $-2.41 | $-1.33 | ||
| Q2 25 | $-3.62 | $1.00 | ||
| Q1 25 | $1.73 | $1.39 | ||
| Q4 24 | $-12.12 | $0.71 | ||
| Q3 24 | $-2.05 | $2.96 | ||
| Q2 24 | $0.75 | $1.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $14.3M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.1B | $2.1B |
| Total Assets | $4.2B | $5.4B |
| Debt / EquityLower = less leverage | 1.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $805.7M | $14.3M | ||
| Q3 25 | $956.7M | $31.6M | ||
| Q2 25 | $842.8M | $25.9M | ||
| Q1 25 | $878.6M | $33.6M | ||
| Q4 24 | $781.1M | $8.9M | ||
| Q3 24 | $759.3M | $34.4M | ||
| Q2 24 | $791.9M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.7B | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $4.2B | $5.4B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $4.4B | $5.7B | ||
| Q1 25 | $4.5B | $5.7B | ||
| Q4 24 | $4.4B | $5.6B | ||
| Q3 24 | $4.8B | $5.1B | ||
| Q2 24 | $4.9B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 1.13× | ||
| Q3 25 | 1.76× | 1.05× | ||
| Q2 25 | 1.68× | 0.98× | ||
| Q1 25 | 1.57× | 0.96× | ||
| Q4 24 | 1.48× | 1.02× | ||
| Q3 24 | 1.36× | 0.84× | ||
| Q2 24 | 1.30× | 0.91× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $112.2M | $312.6M |
| Free Cash FlowOCF − Capex | $90.4M | $43.2M |
| FCF MarginFCF / Revenue | 15.2% | 7.1% |
| Capex IntensityCapex / Revenue | 3.7% | 31.5% |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $312.6M | ||
| Q4 25 | $112.2M | $312.6M | ||
| Q3 25 | $-6.1M | $423.1M | ||
| Q2 25 | $92.2M | $362.1M | ||
| Q1 25 | $191.4M | $407.4M | ||
| Q4 24 | $84.4M | $290.3M | ||
| Q3 24 | $17.3M | $385.8M | ||
| Q2 24 | $68.9M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | $90.4M | — | ||
| Q3 25 | $-121.7M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | $116.9M | — | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $-28.7M | — | ||
| Q2 24 | $7.0M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | -24.6% | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -5.9% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 16.6% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 10.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | 5.96× | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 5.03× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
