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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and NORTHERN OIL & GAS, INC. (NOG). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $610.2M, roughly 1.6× NORTHERN OIL & GAS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
BFH vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $610.2M |
| Net Profit | — | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | — |
| Net Margin | — | -11.6% |
| Revenue YoY | 5.4% | -72.6% |
| Net Profit YoY | — | -198.7% |
| EPS (diluted) | $1.21 | $-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 | $975.0M | $610.2M | ||
| Q3 25 | $971.0M | $556.6M | ||
| Q2 25 | $929.0M | $706.8M | ||
| Q1 25 | $970.0M | $602.1M | ||
| Q4 24 | $925.0M | $515.0M | ||
| Q3 24 | $983.0M | $753.6M | ||
| Q2 24 | $939.0M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | — | $-70.7M | ||
| Q3 25 | $188.0M | $-129.1M | ||
| Q2 25 | $139.0M | $99.6M | ||
| Q1 25 | $138.0M | $139.0M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | $2.0M | $298.4M | ||
| Q2 24 | $133.0M | $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 | 4.9% | -5.5% | ||
| Q3 25 | 20.2% | -22.6% | ||
| Q2 25 | 18.7% | 24.9% | ||
| Q1 25 | 20.3% | 38.1% | ||
| Q4 24 | -2.9% | 25.8% | ||
| Q3 24 | 4.1% | 57.6% | ||
| Q2 24 | 19.2% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | — | -11.6% | ||
| Q3 25 | 19.4% | -23.2% | ||
| Q2 25 | 15.0% | 14.1% | ||
| Q1 25 | 14.2% | 23.1% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | 0.2% | 39.6% | ||
| Q2 24 | 14.2% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $1.21 | $-0.67 | ||
| Q3 25 | $3.96 | $-1.33 | ||
| Q2 25 | $2.94 | $1.00 | ||
| Q1 25 | $2.78 | $1.39 | ||
| Q4 24 | $0.08 | $0.71 | ||
| Q3 24 | $0.05 | $2.96 | ||
| Q2 24 | $2.66 | $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 | $3.6B | $14.3M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $3.3B | $2.1B |
| Total Assets | $22.7B | $5.4B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $3.6B | $14.3M | ||
| Q3 25 | $3.8B | $31.6M | ||
| Q2 25 | $3.8B | $25.9M | ||
| Q1 25 | $4.2B | $33.6M | ||
| Q4 24 | $4.0B | $8.9M | ||
| Q3 24 | $3.5B | $34.4M | ||
| Q2 24 | $4.1B | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $4.2B | $2.4B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $5.6B | $2.4B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.1B | $2.4B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $3.2B | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $22.7B | $5.4B | ||
| Q3 25 | $21.7B | $5.5B | ||
| Q2 25 | $21.8B | $5.7B | ||
| Q1 25 | $22.4B | $5.7B | ||
| Q4 24 | $22.9B | $5.6B | ||
| Q3 24 | $21.7B | $5.1B | ||
| Q2 24 | $22.1B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.29× | 1.13× | ||
| Q3 25 | 1.14× | 1.05× | ||
| Q2 25 | 1.34× | 0.98× | ||
| Q1 25 | 1.67× | 0.96× | ||
| Q4 24 | 1.82× | 1.02× | ||
| Q3 24 | 1.47× | 0.84× | ||
| Q2 24 | — | 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 | $568.0M | $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.
| Q1 26 | — | $312.6M | ||
| Q4 25 | $568.0M | $312.6M | ||
| Q3 25 | $605.0M | $423.1M | ||
| Q2 25 | $526.0M | $362.1M | ||
| Q1 25 | $393.0M | $407.4M | ||
| Q4 24 | $479.0M | $290.3M | ||
| Q3 24 | $456.0M | $385.8M | ||
| Q2 24 | $477.0M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | — | ||
| Q2 25 | 3.78× | 3.64× | ||
| Q1 25 | 2.85× | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | 228.00× | 1.29× | ||
| Q2 24 | 3.59× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
