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Side-by-side financial comparison of GLACIER BANCORP, INC. (GBCI) 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 $306.8M, roughly 2.0× GLACIER BANCORP, INC.). GLACIER BANCORP, INC. runs the higher net margin — 26.8% vs -11.6%, a 38.4% gap on every dollar of revenue. Over the past eight quarters, GLACIER BANCORP, INC.'s revenue compounded faster (24.3% CAGR vs 4.3%).

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States. It is a successor corporation to the Delaware corporation originally incorporated in 1990. The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

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

GBCI vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
2.0× larger
NOG
$610.2M
$306.8M
GBCI
Higher net margin
GBCI
GBCI
38.4% more per $
GBCI
26.8%
-11.6%
NOG
Faster 2-yr revenue CAGR
GBCI
GBCI
Annualised
GBCI
24.3%
4.3%
NOG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GBCI
GBCI
NOG
NOG
Revenue
$306.8M
$610.2M
Net Profit
$82.1M
$-70.7M
Gross Margin
Operating Margin
Net Margin
26.8%
-11.6%
Revenue YoY
-72.6%
Net Profit YoY
28.8%
-198.7%
EPS (diluted)
$0.63
$-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
GBCI
GBCI
NOG
NOG
Q1 26
$306.8M
$610.2M
Q4 25
$306.5M
$610.2M
Q3 25
$260.7M
$556.6M
Q2 25
$240.6M
$706.8M
Q1 25
$222.6M
$602.1M
Q4 24
$223.0M
$515.0M
Q3 24
$214.9M
$753.6M
Q2 24
$198.7M
$560.8M
Net Profit
GBCI
GBCI
NOG
NOG
Q1 26
$82.1M
$-70.7M
Q4 25
$63.8M
$-70.7M
Q3 25
$67.9M
$-129.1M
Q2 25
$52.8M
$99.6M
Q1 25
$54.6M
$139.0M
Q4 24
$61.8M
$71.7M
Q3 24
$51.1M
$298.4M
Q2 24
$44.7M
$138.6M
Gross Margin
GBCI
GBCI
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
GBCI
GBCI
NOG
NOG
Q1 26
Q4 25
24.9%
-5.5%
Q3 25
32.7%
-22.6%
Q2 25
27.1%
24.9%
Q1 25
28.5%
38.1%
Q4 24
33.0%
25.8%
Q3 24
28.9%
57.6%
Q2 24
27.3%
39.0%
Net Margin
GBCI
GBCI
NOG
NOG
Q1 26
26.8%
-11.6%
Q4 25
20.8%
-11.6%
Q3 25
26.0%
-23.2%
Q2 25
21.9%
14.1%
Q1 25
24.5%
23.1%
Q4 24
27.7%
13.9%
Q3 24
23.8%
39.6%
Q2 24
22.5%
24.7%
EPS (diluted)
GBCI
GBCI
NOG
NOG
Q1 26
$0.63
$-0.73
Q4 25
$0.49
$-0.67
Q3 25
$0.57
$-1.33
Q2 25
$0.45
$1.00
Q1 25
$0.48
$1.39
Q4 24
$0.55
$0.71
Q3 24
$0.45
$2.96
Q2 24
$0.39
$1.36

Balance Sheet & Financial Strength

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

Metric
GBCI
GBCI
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$1.4B
$14.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.2B
$2.1B
Total Assets
$31.7B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBCI
GBCI
NOG
NOG
Q1 26
$1.4B
$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
GBCI
GBCI
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
GBCI
GBCI
NOG
NOG
Q1 26
$4.2B
$2.1B
Q4 25
$4.2B
$2.1B
Q3 25
$3.6B
$2.2B
Q2 25
$3.5B
$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
GBCI
GBCI
NOG
NOG
Q1 26
$31.7B
$5.4B
Q4 25
$32.0B
$5.4B
Q3 25
$29.0B
$5.5B
Q2 25
$29.0B
$5.7B
Q1 25
$27.9B
$5.7B
Q4 24
$27.9B
$5.6B
Q3 24
$28.2B
$5.1B
Q2 24
$27.8B
$4.7B
Debt / Equity
GBCI
GBCI
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
GBCI
GBCI
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
GBCI
GBCI
NOG
NOG
Q1 26
$312.6M
Q4 25
$374.4M
$312.6M
Q3 25
$112.4M
$423.1M
Q2 25
$86.0M
$362.1M
Q1 25
$52.4M
$407.4M
Q4 24
$258.0M
$290.3M
Q3 24
$150.1M
$385.8M
Q2 24
$62.7M
$340.5M
Free Cash Flow
GBCI
GBCI
NOG
NOG
Q1 26
$43.2M
Q4 25
$347.6M
Q3 25
$104.8M
Q2 25
$79.5M
Q1 25
$46.8M
Q4 24
$209.8M
Q3 24
$137.7M
Q2 24
$44.1M
FCF Margin
GBCI
GBCI
NOG
NOG
Q1 26
7.1%
Q4 25
113.4%
Q3 25
40.2%
Q2 25
33.1%
Q1 25
21.0%
Q4 24
94.1%
Q3 24
64.1%
Q2 24
22.2%
Capex Intensity
GBCI
GBCI
NOG
NOG
Q1 26
31.5%
Q4 25
8.8%
Q3 25
2.9%
Q2 25
2.7%
Q1 25
2.5%
Q4 24
21.6%
Q3 24
5.8%
Q2 24
9.3%
Cash Conversion
GBCI
GBCI
NOG
NOG
Q1 26
Q4 25
5.87×
Q3 25
1.66×
Q2 25
1.63×
3.64×
Q1 25
0.96×
2.93×
Q4 24
4.18×
4.05×
Q3 24
2.94×
1.29×
Q2 24
1.40×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GBCI
GBCI

Net Interest Income$268.7M88%
Noninterest Income$38.1M12%

NOG
NOG

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

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