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Side-by-side financial comparison of DIODES INC (DIOD) 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 $391.6M, roughly 1.6× DIODES INC). DIODES INC runs the higher net margin — 2.6% vs -11.6%, a 14.2% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 4.3%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
DIOD vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $610.2M |
| Net Profit | $10.2M | $-70.7M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | — |
| Net Margin | 2.6% | -11.6% |
| Revenue YoY | 15.4% | -72.6% |
| Net Profit YoY | 23.8% | -198.7% |
| EPS (diluted) | $0.23 | $-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 | $391.6M | $610.2M | ||
| Q3 25 | $392.2M | $556.6M | ||
| Q2 25 | $366.2M | $706.8M | ||
| Q1 25 | $332.1M | $602.1M | ||
| Q4 24 | $339.3M | $515.0M | ||
| Q3 24 | $350.1M | $753.6M | ||
| Q2 24 | $319.8M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $10.2M | $-70.7M | ||
| Q3 25 | $14.3M | $-129.1M | ||
| Q2 25 | $46.1M | $99.6M | ||
| Q1 25 | $-4.4M | $139.0M | ||
| Q4 24 | $8.2M | $71.7M | ||
| Q3 24 | $13.7M | $298.4M | ||
| Q2 24 | $8.0M | $138.6M |
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | 80.4% | ||
| Q3 25 | 30.7% | 78.7% | ||
| Q2 25 | 31.5% | 82.8% | ||
| Q1 25 | 31.5% | 81.1% | ||
| Q4 24 | 32.7% | 77.4% | ||
| Q3 24 | 33.7% | 85.8% | ||
| Q2 24 | 33.6% | 82.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -5.5% | ||
| Q3 25 | 3.0% | -22.6% | ||
| Q2 25 | 2.6% | 24.9% | ||
| Q1 25 | 0.4% | 38.1% | ||
| Q4 24 | 3.5% | 25.8% | ||
| Q3 24 | 6.2% | 57.6% | ||
| Q2 24 | 1.2% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | 2.6% | -11.6% | ||
| Q3 25 | 3.6% | -23.2% | ||
| Q2 25 | 12.6% | 14.1% | ||
| Q1 25 | -1.3% | 23.1% | ||
| Q4 24 | 2.4% | 13.9% | ||
| Q3 24 | 3.9% | 39.6% | ||
| Q2 24 | 2.5% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $0.23 | $-0.67 | ||
| Q3 25 | $0.31 | $-1.33 | ||
| Q2 25 | $0.99 | $1.00 | ||
| Q1 25 | $-0.10 | $1.39 | ||
| Q4 24 | $0.18 | $0.71 | ||
| Q3 24 | $0.30 | $2.96 | ||
| Q2 24 | $0.17 | $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 | $377.0M | $14.3M |
| Total DebtLower is stronger | $25.7M | — |
| Stockholders' EquityBook value | $1.9B | $2.1B |
| Total Assets | $2.4B | $5.4B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $377.0M | $14.3M | ||
| Q3 25 | $386.4M | $31.6M | ||
| Q2 25 | $327.3M | $25.9M | ||
| Q1 25 | $343.9M | $33.6M | ||
| Q4 24 | $316.1M | $8.9M | ||
| Q3 24 | $319.3M | $34.4M | ||
| Q2 24 | $273.9M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $25.7M | $2.4B | ||
| Q3 25 | $24.9M | $2.3B | ||
| Q2 25 | $26.4M | $2.4B | ||
| Q1 25 | $20.5M | $2.3B | ||
| Q4 24 | $20.7M | $2.4B | ||
| Q3 24 | $22.2M | $2.0B | ||
| Q2 24 | $20.3M | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.8B | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.4B | $5.4B | ||
| Q3 25 | $2.5B | $5.5B | ||
| Q2 25 | $2.5B | $5.7B | ||
| Q1 25 | $2.4B | $5.7B | ||
| Q4 24 | $2.4B | $5.6B | ||
| Q3 24 | $2.4B | $5.1B | ||
| Q2 24 | $2.4B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | 1.13× | ||
| Q3 25 | 0.01× | 1.05× | ||
| Q2 25 | 0.01× | 0.98× | ||
| Q1 25 | 0.01× | 0.96× | ||
| Q4 24 | 0.01× | 1.02× | ||
| Q3 24 | 0.01× | 0.84× | ||
| Q2 24 | 0.01× | 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 | $38.1M | $312.6M |
| Free Cash FlowOCF − Capex | $12.4M | $43.2M |
| FCF MarginFCF / Revenue | 3.2% | 7.1% |
| Capex IntensityCapex / Revenue | 6.6% | 31.5% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $312.6M | ||
| Q4 25 | $38.1M | $312.6M | ||
| Q3 25 | $79.1M | $423.1M | ||
| Q2 25 | $41.5M | $362.1M | ||
| Q1 25 | $56.7M | $407.4M | ||
| Q4 24 | $81.8M | $290.3M | ||
| Q3 24 | $54.4M | $385.8M | ||
| Q2 24 | $14.4M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $62.1M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $-3.5M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | -1.1% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 5.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | 9.93× | 4.05× | ||
| Q3 24 | 3.95× | 1.29× | ||
| Q2 24 | 1.80× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
