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Side-by-side financial comparison of Dorman Products, Inc. (DORM) 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 $537.9M, roughly 1.1× Dorman Products, Inc.). Dorman Products, Inc. runs the higher net margin — 2.1% vs -11.6%, a 13.7% gap on every dollar of revenue. On growth, Dorman Products, Inc. posted the faster year-over-year revenue change (0.8% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $33.5M). Over the past eight quarters, Dorman Products, Inc.'s revenue compounded faster (7.1% CAGR vs 4.3%).

Dorman Products is an American manufacturer of aftermarket automotive products in the United States. The company was founded in 1918. The company trades on the NASDAQ under the ticker DORM. The company is headquartered in Colmar, Pennsylvania.

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

DORM vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.1× larger
NOG
$610.2M
$537.9M
DORM
Growing faster (revenue YoY)
DORM
DORM
+73.4% gap
DORM
0.8%
-72.6%
NOG
Higher net margin
DORM
DORM
13.7% more per $
DORM
2.1%
-11.6%
NOG
More free cash flow
NOG
NOG
$9.7M more FCF
NOG
$43.2M
$33.5M
DORM
Faster 2-yr revenue CAGR
DORM
DORM
Annualised
DORM
7.1%
4.3%
NOG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DORM
DORM
NOG
NOG
Revenue
$537.9M
$610.2M
Net Profit
$11.6M
$-70.7M
Gross Margin
42.6%
Operating Margin
5.8%
Net Margin
2.1%
-11.6%
Revenue YoY
0.8%
-72.6%
Net Profit YoY
-78.8%
-198.7%
EPS (diluted)
$0.38
$-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
DORM
DORM
NOG
NOG
Q1 26
$610.2M
Q4 25
$537.9M
$610.2M
Q3 25
$543.7M
$556.6M
Q2 25
$541.0M
$706.8M
Q1 25
$507.7M
$602.1M
Q4 24
$533.8M
$515.0M
Q3 24
$503.8M
$753.6M
Q2 24
$503.0M
$560.8M
Net Profit
DORM
DORM
NOG
NOG
Q1 26
$-70.7M
Q4 25
$11.6M
$-70.7M
Q3 25
$76.4M
$-129.1M
Q2 25
$58.7M
$99.6M
Q1 25
$57.5M
$139.0M
Q4 24
$54.5M
$71.7M
Q3 24
$55.3M
$298.4M
Q2 24
$47.4M
$138.6M
Gross Margin
DORM
DORM
NOG
NOG
Q1 26
Q4 25
42.6%
80.4%
Q3 25
44.4%
78.7%
Q2 25
40.6%
82.8%
Q1 25
40.9%
81.1%
Q4 24
41.5%
77.4%
Q3 24
40.5%
85.8%
Q2 24
39.6%
82.0%
Operating Margin
DORM
DORM
NOG
NOG
Q1 26
Q4 25
5.8%
-5.5%
Q3 25
19.4%
-22.6%
Q2 25
15.2%
24.9%
Q1 25
15.8%
38.1%
Q4 24
16.3%
25.8%
Q3 24
15.7%
57.6%
Q2 24
14.4%
39.0%
Net Margin
DORM
DORM
NOG
NOG
Q1 26
-11.6%
Q4 25
2.1%
-11.6%
Q3 25
14.1%
-23.2%
Q2 25
10.9%
14.1%
Q1 25
11.3%
23.1%
Q4 24
10.2%
13.9%
Q3 24
11.0%
39.6%
Q2 24
9.4%
24.7%
EPS (diluted)
DORM
DORM
NOG
NOG
Q1 26
$-0.73
Q4 25
$0.38
$-0.67
Q3 25
$2.48
$-1.33
Q2 25
$1.91
$1.00
Q1 25
$1.87
$1.39
Q4 24
$1.76
$0.71
Q3 24
$1.80
$2.96
Q2 24
$1.53
$1.36

Balance Sheet & Financial Strength

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

Metric
DORM
DORM
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$49.4M
$14.3M
Total DebtLower is stronger
$440.6M
Stockholders' EquityBook value
$1.5B
$2.1B
Total Assets
$2.5B
$5.4B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DORM
DORM
NOG
NOG
Q1 26
$14.3M
Q4 25
$49.4M
$14.3M
Q3 25
$55.5M
$31.6M
Q2 25
$56.8M
$25.9M
Q1 25
$60.6M
$33.6M
Q4 24
$57.1M
$8.9M
Q3 24
$45.1M
$34.4M
Q2 24
$47.5M
$7.8M
Total Debt
DORM
DORM
NOG
NOG
Q1 26
Q4 25
$440.6M
$2.4B
Q3 25
$2.3B
Q2 25
$2.4B
Q1 25
$2.3B
Q4 24
$468.8M
$2.4B
Q3 24
$2.0B
Q2 24
$1.9B
Stockholders' Equity
DORM
DORM
NOG
NOG
Q1 26
$2.1B
Q4 25
$1.5B
$2.1B
Q3 25
$1.5B
$2.2B
Q2 25
$1.4B
$2.4B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.3B
Q3 24
$1.2B
$2.3B
Q2 24
$1.2B
$2.1B
Total Assets
DORM
DORM
NOG
NOG
Q1 26
$5.4B
Q4 25
$2.5B
$5.4B
Q3 25
$2.6B
$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
$2.3B
$4.7B
Debt / Equity
DORM
DORM
NOG
NOG
Q1 26
Q4 25
0.30×
1.13×
Q3 25
1.05×
Q2 25
0.98×
Q1 25
0.96×
Q4 24
0.36×
1.02×
Q3 24
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
DORM
DORM
NOG
NOG
Operating Cash FlowLast quarter
$41.6M
$312.6M
Free Cash FlowOCF − Capex
$33.5M
$43.2M
FCF MarginFCF / Revenue
6.2%
7.1%
Capex IntensityCapex / Revenue
1.5%
31.5%
Cash ConversionOCF / Net Profit
3.60×
TTM Free Cash FlowTrailing 4 quarters
$75.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DORM
DORM
NOG
NOG
Q1 26
$312.6M
Q4 25
$41.6M
$312.6M
Q3 25
$12.2M
$423.1M
Q2 25
$8.5M
$362.1M
Q1 25
$51.2M
$407.4M
Q4 24
$71.4M
$290.3M
Q3 24
$44.3M
$385.8M
Q2 24
$63.3M
$340.5M
Free Cash Flow
DORM
DORM
NOG
NOG
Q1 26
$43.2M
Q4 25
$33.5M
Q3 25
$1.8M
Q2 25
$98.0K
Q1 25
$40.3M
Q4 24
$63.2M
Q3 24
$35.7M
Q2 24
$51.4M
FCF Margin
DORM
DORM
NOG
NOG
Q1 26
7.1%
Q4 25
6.2%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
7.9%
Q4 24
11.8%
Q3 24
7.1%
Q2 24
10.2%
Capex Intensity
DORM
DORM
NOG
NOG
Q1 26
31.5%
Q4 25
1.5%
Q3 25
1.9%
Q2 25
1.6%
Q1 25
2.2%
Q4 24
1.5%
Q3 24
1.7%
Q2 24
2.4%
Cash Conversion
DORM
DORM
NOG
NOG
Q1 26
Q4 25
3.60×
Q3 25
0.16×
Q2 25
0.15×
3.64×
Q1 25
0.89×
2.93×
Q4 24
1.31×
4.05×
Q3 24
0.80×
1.29×
Q2 24
1.34×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DORM
DORM

Light Duty$428.6M80%
Heavy Duty$55.8M10%
Specialty Vehicle$53.5M10%

NOG
NOG

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

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