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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) 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 $355.4M, roughly 1.7× BJs RESTAURANTS INC). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -11.6%, a 15.1% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 2.6%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
BJRI vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $610.2M |
| Net Profit | $12.6M | $-70.7M |
| Gross Margin | 74.5% | — |
| Operating Margin | 3.1% | — |
| Net Margin | 3.6% | -11.6% |
| Revenue YoY | 3.2% | -72.6% |
| Net Profit YoY | -24.2% | -198.7% |
| EPS (diluted) | $0.58 | $-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 | $355.4M | $610.2M | ||
| Q3 25 | $365.6M | $556.6M | ||
| Q2 25 | $348.0M | $706.8M | ||
| Q1 25 | — | $602.1M | ||
| Q4 24 | $325.7M | $515.0M | ||
| Q3 24 | $349.9M | $753.6M | ||
| Q2 24 | $337.3M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $12.6M | $-70.7M | ||
| Q3 25 | $22.2M | $-129.1M | ||
| Q2 25 | $13.5M | $99.6M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | $-2.9M | $71.7M | ||
| Q3 24 | $17.2M | $298.4M | ||
| Q2 24 | $7.7M | $138.6M |
| Q1 26 | — | — | ||
| Q4 25 | 74.5% | 80.4% | ||
| Q3 25 | 75.2% | 78.7% | ||
| Q2 25 | 75.0% | 82.8% | ||
| Q1 25 | — | 81.1% | ||
| Q4 24 | 73.4% | 77.4% | ||
| Q3 24 | 74.3% | 85.8% | ||
| Q2 24 | 74.8% | 82.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | -5.5% | ||
| Q3 25 | 5.8% | -22.6% | ||
| Q2 25 | 4.3% | 24.9% | ||
| Q1 25 | — | 38.1% | ||
| Q4 24 | -0.8% | 25.8% | ||
| Q3 24 | 3.8% | 57.6% | ||
| Q2 24 | 2.4% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | 3.6% | -11.6% | ||
| Q3 25 | 6.1% | -23.2% | ||
| Q2 25 | 3.9% | 14.1% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | -0.9% | 13.9% | ||
| Q3 24 | 4.9% | 39.6% | ||
| Q2 24 | 2.3% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $0.58 | $-0.67 | ||
| Q3 25 | $0.97 | $-1.33 | ||
| Q2 25 | $0.58 | $1.00 | ||
| Q1 25 | — | $1.39 | ||
| Q4 24 | $-0.13 | $0.71 | ||
| Q3 24 | $0.72 | $2.96 | ||
| Q2 24 | $0.32 | $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 | $23.8M | $14.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $366.2M | $2.1B |
| Total Assets | $1.0B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $23.8M | $14.3M | ||
| Q3 25 | $26.0M | $31.6M | ||
| Q2 25 | $19.0M | $25.9M | ||
| Q1 25 | — | $33.6M | ||
| Q4 24 | $18.4M | $8.9M | ||
| Q3 24 | $16.2M | $34.4M | ||
| Q2 24 | $18.8M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $60.5M | $2.3B | ||
| Q2 25 | $85.5M | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $66.5M | $2.4B | ||
| Q3 24 | $63.5M | $2.0B | ||
| Q2 24 | $58.0M | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $366.2M | $2.1B | ||
| Q3 25 | $386.6M | $2.2B | ||
| Q2 25 | $371.5M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $376.2M | $2.3B | ||
| Q3 24 | $386.5M | $2.3B | ||
| Q2 24 | $375.4M | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.0B | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $1.0B | $5.6B | ||
| Q3 24 | $1.0B | $5.1B | ||
| Q2 24 | $1.0B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 0.16× | 1.05× | ||
| Q2 25 | 0.23× | 0.98× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | 0.18× | 1.02× | ||
| Q3 24 | 0.16× | 0.84× | ||
| Q2 24 | 0.15× | 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 | — | $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 | — | $312.6M | ||
| Q3 25 | $62.3M | $423.1M | ||
| Q2 25 | $4.6M | $362.1M | ||
| Q1 25 | — | $407.4M | ||
| Q4 24 | $27.3M | $290.3M | ||
| Q3 24 | $20.2M | $385.8M | ||
| Q2 24 | $22.3M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | $41.9M | — | ||
| Q2 25 | $-12.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $735.0K | — | ||
| Q2 24 | $448.0K | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 6.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.80× | — | ||
| Q2 25 | 0.34× | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | 1.18× | 1.29× | ||
| Q2 24 | 2.89× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
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% |
