vs

Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) 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 $336.2M, roughly 1.8× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -11.6%, a 39.8% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, 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.

FULT vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.8× larger
NOG
$610.2M
$336.2M
FULT
Growing faster (revenue YoY)
FULT
FULT
+76.8% gap
FULT
4.2%
-72.6%
NOG
Higher net margin
FULT
FULT
39.8% more per $
FULT
28.2%
-11.6%
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FULT
FULT
NOG
NOG
Revenue
$336.2M
$610.2M
Net Profit
$94.8M
$-70.7M
Gross Margin
Operating Margin
Net Margin
28.2%
-11.6%
Revenue YoY
4.2%
-72.6%
Net Profit YoY
-4.3%
-198.7%
EPS (diluted)
$0.55
$-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
FULT
FULT
NOG
NOG
Q1 26
$336.2M
$610.2M
Q4 25
$336.0M
$610.2M
Q3 25
$334.6M
$556.6M
Q2 25
$324.1M
$706.8M
Q1 25
$318.4M
$602.1M
Q4 24
$319.6M
$515.0M
Q3 24
$317.7M
$753.6M
Q2 24
$334.7M
$560.8M
Net Profit
FULT
FULT
NOG
NOG
Q1 26
$94.8M
$-70.7M
Q4 25
$99.0M
$-70.7M
Q3 25
$100.5M
$-129.1M
Q2 25
$99.2M
$99.6M
Q1 25
$93.0M
$139.0M
Q4 24
$68.6M
$71.7M
Q3 24
$63.2M
$298.4M
Q2 24
$95.0M
$138.6M
Gross Margin
FULT
FULT
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
FULT
FULT
NOG
NOG
Q1 26
Q4 25
35.7%
-5.5%
Q3 25
38.2%
-22.6%
Q2 25
37.8%
24.9%
Q1 25
36.1%
38.1%
Q4 24
27.0%
25.8%
Q3 24
25.1%
57.6%
Q2 24
30.8%
39.0%
Net Margin
FULT
FULT
NOG
NOG
Q1 26
28.2%
-11.6%
Q4 25
29.5%
-11.6%
Q3 25
30.0%
-23.2%
Q2 25
30.6%
14.1%
Q1 25
29.2%
23.1%
Q4 24
21.5%
13.9%
Q3 24
19.9%
39.6%
Q2 24
28.4%
24.7%
EPS (diluted)
FULT
FULT
NOG
NOG
Q1 26
$0.55
$-0.73
Q4 25
$0.53
$-0.67
Q3 25
$0.53
$-1.33
Q2 25
$0.53
$1.00
Q1 25
$0.49
$1.39
Q4 24
$0.36
$0.71
Q3 24
$0.33
$2.96
Q2 24
$0.52
$1.36

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$14.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$2.1B
Total Assets
$32.2B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
NOG
NOG
Q1 26
$14.3M
Q4 25
$14.3M
Q3 25
$31.6M
Q2 25
$25.9M
Q1 25
$33.6M
Q4 24
$8.9M
Q3 24
$34.4M
Q2 24
$7.8M
Total Debt
FULT
FULT
NOG
NOG
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
Stockholders' Equity
FULT
FULT
NOG
NOG
Q1 26
$3.5B
$2.1B
Q4 25
$3.5B
$2.1B
Q3 25
$3.4B
$2.2B
Q2 25
$3.3B
$2.4B
Q1 25
$3.3B
$2.4B
Q4 24
$3.2B
$2.3B
Q3 24
$3.2B
$2.3B
Q2 24
$3.1B
$2.1B
Total Assets
FULT
FULT
NOG
NOG
Q1 26
$32.2B
$5.4B
Q4 25
$32.1B
$5.4B
Q3 25
$32.0B
$5.5B
Q2 25
$32.0B
$5.7B
Q1 25
$32.1B
$5.7B
Q4 24
$32.1B
$5.6B
Q3 24
$32.2B
$5.1B
Q2 24
$31.8B
$4.7B
Debt / Equity
FULT
FULT
NOG
NOG
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
FULT
FULT
NOG
NOG
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
FULT
FULT
NOG
NOG
Q1 26
$312.6M
Q4 25
$304.5M
$312.6M
Q3 25
$116.1M
$423.1M
Q2 25
$91.7M
$362.1M
Q1 25
$703.0K
$407.4M
Q4 24
$416.6M
$290.3M
Q3 24
$-22.0M
$385.8M
Q2 24
$157.8M
$340.5M
Free Cash Flow
FULT
FULT
NOG
NOG
Q1 26
$43.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
FULT
FULT
NOG
NOG
Q1 26
7.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
FULT
FULT
NOG
NOG
Q1 26
31.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
FULT
FULT
NOG
NOG
Q1 26
Q4 25
3.08×
Q3 25
1.16×
Q2 25
0.92×
3.64×
Q1 25
0.01×
2.93×
Q4 24
6.07×
4.05×
Q3 24
-0.35×
1.29×
Q2 24
1.66×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

NOG
NOG

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

Related Comparisons