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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) 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 $535.7M, roughly 1.1× Driven Brands Holdings Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -11.6%, a 23.0% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $39.5M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -4.0%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
DRVN vs NOG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $610.2M |
| Net Profit | $60.9M | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | 11.6% | — |
| Net Margin | 11.4% | -11.6% |
| Revenue YoY | 6.6% | -72.6% |
| Net Profit YoY | 507.2% | -198.7% |
| EPS (diluted) | $0.37 | $-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 | — | $610.2M | ||
| Q3 25 | $535.7M | $556.6M | ||
| Q2 25 | $551.0M | $706.8M | ||
| Q1 25 | $516.2M | $602.1M | ||
| Q4 24 | $836.5M | $515.0M | ||
| Q3 24 | $502.3M | $753.6M | ||
| Q2 24 | $518.8M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | — | $-70.7M | ||
| Q3 25 | $60.9M | $-129.1M | ||
| Q2 25 | $47.6M | $99.6M | ||
| Q1 25 | $5.5M | $139.0M | ||
| Q4 24 | $-312.0M | $71.7M | ||
| Q3 24 | $-14.9M | $298.4M | ||
| Q2 24 | $30.2M | $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 | — | -5.5% | ||
| Q3 25 | 11.6% | -22.6% | ||
| Q2 25 | 6.9% | 24.9% | ||
| Q1 25 | 11.9% | 38.1% | ||
| Q4 24 | -41.6% | 25.8% | ||
| Q3 24 | 9.9% | 57.6% | ||
| Q2 24 | 17.4% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | — | -11.6% | ||
| Q3 25 | 11.4% | -23.2% | ||
| Q2 25 | 8.6% | 14.1% | ||
| Q1 25 | 1.1% | 23.1% | ||
| Q4 24 | -37.3% | 13.9% | ||
| Q3 24 | -3.0% | 39.6% | ||
| Q2 24 | 5.8% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | — | $-0.67 | ||
| Q3 25 | $0.37 | $-1.33 | ||
| Q2 25 | $0.29 | $1.00 | ||
| Q1 25 | $0.04 | $1.39 | ||
| Q4 24 | $-1.93 | $0.71 | ||
| Q3 24 | $-0.09 | $2.96 | ||
| Q2 24 | $0.18 | $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 | $162.0M | $14.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $793.5M | $2.1B |
| Total Assets | $4.2B | $5.4B |
| Debt / EquityLower = less leverage | 2.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | — | $14.3M | ||
| Q3 25 | $162.0M | $31.6M | ||
| Q2 25 | $166.1M | $25.9M | ||
| Q1 25 | $152.0M | $33.6M | ||
| Q4 24 | $149.6M | $8.9M | ||
| Q3 24 | $204.2M | $34.4M | ||
| Q2 24 | $148.8M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.9B | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $793.5M | $2.2B | ||
| Q2 25 | $743.4M | $2.4B | ||
| Q1 25 | $643.2M | $2.4B | ||
| Q4 24 | $607.3M | $2.3B | ||
| Q3 24 | $962.8M | $2.3B | ||
| Q2 24 | $942.8M | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | $4.2B | $5.5B | ||
| Q2 25 | $4.3B | $5.7B | ||
| Q1 25 | $5.3B | $5.7B | ||
| Q4 24 | $5.3B | $5.6B | ||
| Q3 24 | $5.8B | $5.1B | ||
| Q2 24 | $5.8B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 2.44× | 1.05× | ||
| Q2 25 | 2.82× | 0.98× | ||
| Q1 25 | 4.07× | 0.96× | ||
| Q4 24 | 4.37× | 1.02× | ||
| Q3 24 | 2.84× | 0.84× | ||
| Q2 24 | 3.03× | 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 | $79.2M | $312.6M |
| Free Cash FlowOCF − Capex | $39.5M | $43.2M |
| FCF MarginFCF / Revenue | 7.4% | 7.1% |
| Capex IntensityCapex / Revenue | 7.4% | 31.5% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $312.6M | ||
| Q4 25 | — | $312.6M | ||
| Q3 25 | $79.2M | $423.1M | ||
| Q2 25 | $80.4M | $362.1M | ||
| Q1 25 | $75.1M | $407.4M | ||
| Q4 24 | $32.9M | $290.3M | ||
| Q3 24 | $101.3M | $385.8M | ||
| Q2 24 | $46.9M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $9.0M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $-36.3M | — | ||
| Q3 24 | $37.9M | — | ||
| Q2 24 | $-19.5M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | 7.5% | — | ||
| Q2 24 | -3.8% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 12.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.69× | 3.64× | ||
| Q1 25 | 13.65× | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 1.56× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
