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Side-by-side financial comparison of FIRST ADVANTAGE CORP (FA) 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 $420.0M, roughly 1.5× FIRST ADVANTAGE CORP). FIRST ADVANTAGE CORP runs the higher net margin — 0.8% vs -11.6%, a 12.4% gap on every dollar of revenue. On growth, FIRST ADVANTAGE CORP posted the faster year-over-year revenue change (36.8% vs -72.6%). FIRST ADVANTAGE CORP produced more free cash flow last quarter ($62.2M vs $43.2M). Over the past eight quarters, FIRST ADVANTAGE CORP's revenue compounded faster (57.5% CAGR vs 4.3%).

First Advantage Corp is a leading global provider of end-to-end workforce screening and background verification solutions. It serves clients across diverse sectors including technology, healthcare, finance, retail, and manufacturing, ranging from small businesses to large multinational enterprises, helping reduce hiring risks, meet regulatory requirements, and build secure, trusted work environments globally.

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

FA vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.5× larger
NOG
$610.2M
$420.0M
FA
Growing faster (revenue YoY)
FA
FA
+109.3% gap
FA
36.8%
-72.6%
NOG
Higher net margin
FA
FA
12.4% more per $
FA
0.8%
-11.6%
NOG
More free cash flow
FA
FA
$18.9M more FCF
FA
$62.2M
$43.2M
NOG
Faster 2-yr revenue CAGR
FA
FA
Annualised
FA
57.5%
4.3%
NOG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FA
FA
NOG
NOG
Revenue
$420.0M
$610.2M
Net Profit
$3.5M
$-70.7M
Gross Margin
Operating Margin
10.7%
Net Margin
0.8%
-11.6%
Revenue YoY
36.8%
-72.6%
Net Profit YoY
103.5%
-198.7%
EPS (diluted)
$0.03
$-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
FA
FA
NOG
NOG
Q1 26
$610.2M
Q4 25
$420.0M
$610.2M
Q3 25
$409.2M
$556.6M
Q2 25
$390.6M
$706.8M
Q1 25
$354.6M
$602.1M
Q4 24
$307.1M
$515.0M
Q3 24
$199.1M
$753.6M
Q2 24
$184.5M
$560.8M
Net Profit
FA
FA
NOG
NOG
Q1 26
$-70.7M
Q4 25
$3.5M
$-70.7M
Q3 25
$2.6M
$-129.1M
Q2 25
$308.0K
$99.6M
Q1 25
$-41.2M
$139.0M
Q4 24
$-100.4M
$71.7M
Q3 24
$-8.9M
$298.4M
Q2 24
$1.9M
$138.6M
Gross Margin
FA
FA
NOG
NOG
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%
Operating Margin
FA
FA
NOG
NOG
Q1 26
Q4 25
10.7%
-5.5%
Q3 25
10.3%
-22.6%
Q2 25
9.7%
24.9%
Q1 25
2.1%
38.1%
Q4 24
-26.3%
25.8%
Q3 24
4.6%
57.6%
Q2 24
5.4%
39.0%
Net Margin
FA
FA
NOG
NOG
Q1 26
-11.6%
Q4 25
0.8%
-11.6%
Q3 25
0.6%
-23.2%
Q2 25
0.1%
14.1%
Q1 25
-11.6%
23.1%
Q4 24
-32.7%
13.9%
Q3 24
-4.4%
39.6%
Q2 24
1.0%
24.7%
EPS (diluted)
FA
FA
NOG
NOG
Q1 26
$-0.73
Q4 25
$0.03
$-0.67
Q3 25
$0.01
$-1.33
Q2 25
$0.00
$1.00
Q1 25
$-0.24
$1.39
Q4 24
$-0.67
$0.71
Q3 24
$-0.06
$2.96
Q2 24
$0.01
$1.36

Balance Sheet & Financial Strength

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

Metric
FA
FA
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$240.0M
$14.3M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$1.3B
$2.1B
Total Assets
$3.8B
$5.4B
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FA
FA
NOG
NOG
Q1 26
$14.3M
Q4 25
$240.0M
$14.3M
Q3 25
$216.8M
$31.6M
Q2 25
$184.3M
$25.9M
Q1 25
$172.0M
$33.6M
Q4 24
$168.7M
$8.9M
Q3 24
$307.4M
$34.4M
Q2 24
$269.6M
$7.8M
Total Debt
FA
FA
NOG
NOG
Q1 26
Q4 25
$2.1B
$2.4B
Q3 25
$2.1B
$2.3B
Q2 25
$2.1B
$2.4B
Q1 25
$2.2B
$2.3B
Q4 24
$2.2B
$2.4B
Q3 24
$2.0B
Q2 24
$1.9B
Stockholders' Equity
FA
FA
NOG
NOG
Q1 26
$2.1B
Q4 25
$1.3B
$2.1B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.4B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.3B
Q3 24
$920.7M
$2.3B
Q2 24
$913.3M
$2.1B
Total Assets
FA
FA
NOG
NOG
Q1 26
$5.4B
Q4 25
$3.8B
$5.4B
Q3 25
$3.9B
$5.5B
Q2 25
$3.9B
$5.7B
Q1 25
$3.9B
$5.7B
Q4 24
$3.9B
$5.6B
Q3 24
$1.7B
$5.1B
Q2 24
$1.6B
$4.7B
Debt / Equity
FA
FA
NOG
NOG
Q1 26
Q4 25
1.61×
1.13×
Q3 25
1.64×
1.05×
Q2 25
1.65×
0.98×
Q1 25
1.69×
0.96×
Q4 24
1.66×
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
FA
FA
NOG
NOG
Operating Cash FlowLast quarter
$65.9M
$312.6M
Free Cash FlowOCF − Capex
$62.2M
$43.2M
FCF MarginFCF / Revenue
14.8%
7.1%
Capex IntensityCapex / Revenue
0.9%
31.5%
Cash ConversionOCF / Net Profit
19.01×
TTM Free Cash FlowTrailing 4 quarters
$188.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FA
FA
NOG
NOG
Q1 26
$312.6M
Q4 25
$65.9M
$312.6M
Q3 25
$72.4M
$423.1M
Q2 25
$37.3M
$362.1M
Q1 25
$19.5M
$407.4M
Q4 24
$-85.7M
$290.3M
Q3 24
$43.5M
$385.8M
Q2 24
$32.0M
$340.5M
Free Cash Flow
FA
FA
NOG
NOG
Q1 26
$43.2M
Q4 25
$62.2M
Q3 25
$71.2M
Q2 25
$36.1M
Q1 25
$19.0M
Q4 24
$-86.0M
Q3 24
$43.1M
Q2 24
$31.4M
FCF Margin
FA
FA
NOG
NOG
Q1 26
7.1%
Q4 25
14.8%
Q3 25
17.4%
Q2 25
9.2%
Q1 25
5.4%
Q4 24
-28.0%
Q3 24
21.6%
Q2 24
17.0%
Capex Intensity
FA
FA
NOG
NOG
Q1 26
31.5%
Q4 25
0.9%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.4%
Cash Conversion
FA
FA
NOG
NOG
Q1 26
Q4 25
19.01×
Q3 25
27.91×
Q2 25
121.25×
3.64×
Q1 25
2.93×
Q4 24
4.05×
Q3 24
1.29×
Q2 24
17.22×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FA
FA

First Advantage Americas$209.9M50%
Sterling$185.9M44%
First Advantage International$24.2M6%

NOG
NOG

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

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