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Side-by-side financial comparison of Okeanis Eco Tankers Corp. (ECO) 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 $393.2M, roughly 1.6× Okeanis Eco Tankers Corp.). Over the past eight quarters, Okeanis Eco Tankers Corp.'s revenue compounded faster (20.5% CAGR vs 4.3%).
Okeanis Eco Tankers Corp. is a global shipping enterprise specializing in the operation of eco-friendly tanker fleets. Its core business covers maritime transport of crude oil and refined petroleum products, serving major energy and commodity clients across key international trade routes, with a focus on cutting carbon emissions via energy-efficient vessel designs.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
ECO vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $393.2M | $610.2M |
| Net Profit | — | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | 41.4% | — |
| Net Margin | — | -11.6% |
| Revenue YoY | — | -72.6% |
| Net Profit YoY | — | -198.7% |
| EPS (diluted) | — | $-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 | $393.2M | $610.2M | ||
| Q3 25 | $308.0M | $556.6M | ||
| Q2 25 | $-49.0M | $706.8M | ||
| Q1 25 | $111.1M | $602.1M | ||
| Q4 24 | $413.1M | $515.0M | ||
| Q3 24 | $321.4M | $753.6M | ||
| Q2 24 | $232.4M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | — | $-70.7M | ||
| Q3 25 | — | $-129.1M | ||
| Q2 25 | — | $99.6M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | — | $298.4M | ||
| Q2 24 | — | $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 | 41.4% | -5.5% | ||
| Q3 25 | 44.2% | -22.6% | ||
| Q2 25 | 101.1% | 24.9% | ||
| Q1 25 | 49.6% | 38.1% | ||
| Q4 24 | 48.7% | 25.8% | ||
| Q3 24 | 52.0% | 57.6% | ||
| Q2 24 | 56.7% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | — | -11.6% | ||
| Q3 25 | — | -23.2% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | — | $-0.67 | ||
| Q3 25 | — | $-1.33 | ||
| Q2 25 | — | $1.00 | ||
| Q1 25 | — | $1.39 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | — | $2.96 | ||
| Q2 24 | — | $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 | $116.6M | $14.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $573.1M | $2.1B |
| Total Assets | $1.2B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $116.6M | $14.3M | ||
| Q3 25 | — | $31.6M | ||
| Q2 25 | $59.8M | $25.9M | ||
| Q1 25 | — | $33.6M | ||
| Q4 24 | $49.3M | $8.9M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | $92.8M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $573.1M | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $428.3M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $410.4M | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $432.6M | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.2B | $5.4B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | $1.1B | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $1.1B | $5.6B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | $1.1B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $111.3M | $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 | $111.3M | $312.6M | ||
| Q3 25 | $132.2M | $423.1M | ||
| Q2 25 | — | $362.1M | ||
| Q1 25 | — | $407.4M | ||
| Q4 24 | $162.8M | $290.3M | ||
| Q3 24 | — | $385.8M | ||
| Q2 24 | — | $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 | — | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECO
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% |
