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Side-by-side financial comparison of Atlantic Union Bankshares Corp (AUB) 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 $367.2M, roughly 1.7× Atlantic Union Bankshares Corp). Atlantic Union Bankshares Corp runs the higher net margin — 33.3% vs -11.6%, a 44.9% gap on every dollar of revenue. Over the past eight quarters, Atlantic Union Bankshares Corp's revenue compounded faster (32.7% CAGR vs 4.3%).

Atlantic Union Bankshares Corporation is a bank holding company based in Richmond, Virginia and is the parent company of Atlantic Union Bank, a regional bank. It operates 129 branches in Virginia, Maryland, and North Carolina and is the largest bank headquartered in Virginia. It is on the list of largest banks in the United States.

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.

AUB vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.7× larger
NOG
$610.2M
$367.2M
AUB
Higher net margin
AUB
AUB
44.9% more per $
AUB
33.3%
-11.6%
NOG
Faster 2-yr revenue CAGR
AUB
AUB
Annualised
AUB
32.7%
4.3%
NOG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AUB
AUB
NOG
NOG
Revenue
$367.2M
$610.2M
Net Profit
$122.2M
$-70.7M
Gross Margin
Operating Margin
Net Margin
33.3%
-11.6%
Revenue YoY
-72.6%
Net Profit YoY
145.2%
-198.7%
EPS (diluted)
$0.84
$-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.

Revenue
AUB
AUB
NOG
NOG
Q1 26
$367.2M
$610.2M
Q4 25
$387.2M
$610.2M
Q3 25
$371.0M
$556.6M
Q2 25
$402.9M
$706.8M
Q1 25
$213.3M
$602.1M
Q4 24
$218.5M
$515.0M
Q3 24
$217.2M
$753.6M
Q2 24
$208.3M
$560.8M
Net Profit
AUB
AUB
NOG
NOG
Q1 26
$122.2M
$-70.7M
Q4 25
$112.0M
$-70.7M
Q3 25
$92.1M
$-129.1M
Q2 25
$19.8M
$99.6M
Q1 25
$49.8M
$139.0M
Q4 24
$57.8M
$71.7M
Q3 24
$76.4M
$298.4M
Q2 24
$25.2M
$138.6M
Gross Margin
AUB
AUB
NOG
NOG
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%
Operating Margin
AUB
AUB
NOG
NOG
Q1 26
Q4 25
36.6%
-5.5%
Q3 25
31.3%
-22.6%
Q2 25
4.3%
24.9%
Q1 25
28.8%
38.1%
Q4 24
32.6%
25.8%
Q3 24
42.4%
57.6%
Q2 24
17.6%
39.0%
Net Margin
AUB
AUB
NOG
NOG
Q1 26
33.3%
-11.6%
Q4 25
28.9%
-11.6%
Q3 25
24.8%
-23.2%
Q2 25
4.9%
14.1%
Q1 25
23.4%
23.1%
Q4 24
26.4%
13.9%
Q3 24
35.2%
39.6%
Q2 24
12.1%
24.7%
EPS (diluted)
AUB
AUB
NOG
NOG
Q1 26
$0.84
$-0.73
Q4 25
$0.76
$-0.67
Q3 25
$0.63
$-1.33
Q2 25
$0.12
$1.00
Q1 25
$0.52
$1.39
Q4 24
$0.55
$0.71
Q3 24
$0.82
$2.96
Q2 24
$0.25
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AUB
AUB
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$14.3M
Total DebtLower is stronger
$775.0M
Stockholders' EquityBook value
$5.1B
$2.1B
Total Assets
$37.3B
$5.4B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AUB
AUB
NOG
NOG
Q1 26
$14.3M
Q4 25
$966.5M
$14.3M
Q3 25
$794.7M
$31.6M
Q2 25
$1.6B
$25.9M
Q1 25
$434.1M
$33.6M
Q4 24
$354.1M
$8.9M
Q3 24
$528.1M
$34.4M
Q2 24
$446.0M
$7.8M
Total Debt
AUB
AUB
NOG
NOG
Q1 26
$775.0M
Q4 25
$771.9M
$2.4B
Q3 25
$768.7M
$2.3B
Q2 25
$765.4M
$2.4B
Q1 25
$418.7M
$2.3B
Q4 24
$418.3M
$2.4B
Q3 24
$417.9M
$2.0B
Q2 24
$416.6M
$1.9B
Stockholders' Equity
AUB
AUB
NOG
NOG
Q1 26
$5.1B
$2.1B
Q4 25
$5.0B
$2.1B
Q3 25
$4.9B
$2.2B
Q2 25
$4.8B
$2.4B
Q1 25
$3.2B
$2.4B
Q4 24
$3.1B
$2.3B
Q3 24
$3.2B
$2.3B
Q2 24
$3.0B
$2.1B
Total Assets
AUB
AUB
NOG
NOG
Q1 26
$37.3B
$5.4B
Q4 25
$37.6B
$5.4B
Q3 25
$37.1B
$5.5B
Q2 25
$37.3B
$5.7B
Q1 25
$24.6B
$5.7B
Q4 24
$24.6B
$5.6B
Q3 24
$24.8B
$5.1B
Q2 24
$24.8B
$4.7B
Debt / Equity
AUB
AUB
NOG
NOG
Q1 26
0.15×
Q4 25
0.15×
1.13×
Q3 25
0.16×
1.05×
Q2 25
0.16×
0.98×
Q1 25
0.13×
0.96×
Q4 24
0.13×
1.02×
Q3 24
0.13×
0.84×
Q2 24
0.14×
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
AUB
AUB
NOG
NOG
Operating Cash FlowLast quarter
$312.6M
Free Cash FlowOCF − Capex
$43.2M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
31.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AUB
AUB
NOG
NOG
Q1 26
$312.6M
Q4 25
$2.2B
$312.6M
Q3 25
$156.9M
$423.1M
Q2 25
$1.9B
$362.1M
Q1 25
$62.0M
$407.4M
Q4 24
$308.5M
$290.3M
Q3 24
$67.5M
$385.8M
Q2 24
$85.6M
$340.5M
Free Cash Flow
AUB
AUB
NOG
NOG
Q1 26
$43.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
AUB
AUB
NOG
NOG
Q1 26
7.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
AUB
AUB
NOG
NOG
Q1 26
31.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AUB
AUB
NOG
NOG
Q1 26
Q4 25
19.98×
Q3 25
1.70×
Q2 25
96.20×
3.64×
Q1 25
1.25×
2.93×
Q4 24
5.34×
4.05×
Q3 24
0.88×
1.29×
Q2 24
3.40×
2.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AUB
AUB

Net Interest Income$312.4M85%
Noninterest Income$54.8M15%

NOG
NOG

Oil and Gas Sales$447.7M73%
Gain on Commodity Derivatives, Net$159.3M26%
Other Revenue$3.1M1%

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