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Side-by-side financial comparison of HF Foods Group Inc. (HFFG) 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 $308.0M, roughly 2.0× HF Foods Group Inc.). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -12.1%, a 0.5% gap on every dollar of revenue. On growth, HF Foods Group Inc. posted the faster year-over-year revenue change (0.9% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $12.1M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 2.1%).

HF Sinclair Corporation is an American energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States.

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

HFFG vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
2.0× larger
NOG
$610.2M
$308.0M
HFFG
Growing faster (revenue YoY)
HFFG
HFFG
+73.5% gap
HFFG
0.9%
-72.6%
NOG
Higher net margin
NOG
NOG
0.5% more per $
NOG
-11.6%
-12.1%
HFFG
More free cash flow
NOG
NOG
$31.1M more FCF
NOG
$43.2M
$12.1M
HFFG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
2.1%
HFFG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HFFG
HFFG
NOG
NOG
Revenue
$308.0M
$610.2M
Net Profit
$-37.3M
$-70.7M
Gross Margin
16.6%
Operating Margin
-12.8%
Net Margin
-12.1%
-11.6%
Revenue YoY
0.9%
-72.6%
Net Profit YoY
15.0%
-198.7%
EPS (diluted)
$-0.70
$-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
HFFG
HFFG
NOG
NOG
Q1 26
$610.2M
Q4 25
$308.0M
$610.2M
Q3 25
$307.0M
$556.6M
Q2 25
$314.9M
$706.8M
Q1 25
$298.4M
$602.1M
Q4 24
$305.3M
$515.0M
Q3 24
$298.4M
$753.6M
Q2 24
$302.3M
$560.8M
Net Profit
HFFG
HFFG
NOG
NOG
Q1 26
$-70.7M
Q4 25
$-37.3M
$-70.7M
Q3 25
$-1.1M
$-129.1M
Q2 25
$1.2M
$99.6M
Q1 25
$-1.6M
$139.0M
Q4 24
$-43.9M
$71.7M
Q3 24
$-3.9M
$298.4M
Q2 24
$17.0K
$138.6M
Gross Margin
HFFG
HFFG
NOG
NOG
Q1 26
Q4 25
16.6%
80.4%
Q3 25
16.4%
78.7%
Q2 25
17.5%
82.8%
Q1 25
17.1%
81.1%
Q4 24
17.1%
77.4%
Q3 24
16.8%
85.8%
Q2 24
17.4%
82.0%
Operating Margin
HFFG
HFFG
NOG
NOG
Q1 26
Q4 25
-12.8%
-5.5%
Q3 25
0.4%
-22.6%
Q2 25
1.3%
24.9%
Q1 25
0.4%
38.1%
Q4 24
-13.8%
25.8%
Q3 24
0.2%
57.6%
Q2 24
0.9%
39.0%
Net Margin
HFFG
HFFG
NOG
NOG
Q1 26
-11.6%
Q4 25
-12.1%
-11.6%
Q3 25
-0.4%
-23.2%
Q2 25
0.4%
14.1%
Q1 25
-0.6%
23.1%
Q4 24
-14.4%
13.9%
Q3 24
-1.3%
39.6%
Q2 24
0.0%
24.7%
EPS (diluted)
HFFG
HFFG
NOG
NOG
Q1 26
$-0.73
Q4 25
$-0.70
$-0.67
Q3 25
$-0.02
$-1.33
Q2 25
$0.02
$1.00
Q1 25
$-0.03
$1.39
Q4 24
$-0.84
$0.71
Q3 24
$-0.07
$2.96
Q2 24
$0.00
$1.36

Balance Sheet & Financial Strength

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

Metric
HFFG
HFFG
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$14.3M
Total DebtLower is stronger
$106.1M
Stockholders' EquityBook value
$202.1M
$2.1B
Total Assets
$541.5M
$5.4B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HFFG
HFFG
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
HFFG
HFFG
NOG
NOG
Q1 26
Q4 25
$106.1M
$2.4B
Q3 25
$107.3M
$2.3B
Q2 25
$106.0M
$2.4B
Q1 25
$107.4M
$2.3B
Q4 24
$108.7M
$2.4B
Q3 24
$110.1M
$2.0B
Q2 24
$111.4M
$1.9B
Stockholders' Equity
HFFG
HFFG
NOG
NOG
Q1 26
$2.1B
Q4 25
$202.1M
$2.1B
Q3 25
$239.2M
$2.2B
Q2 25
$239.7M
$2.4B
Q1 25
$238.0M
$2.4B
Q4 24
$239.3M
$2.3B
Q3 24
$283.1M
$2.3B
Q2 24
$286.3M
$2.1B
Total Assets
HFFG
HFFG
NOG
NOG
Q1 26
$5.4B
Q4 25
$541.5M
$5.4B
Q3 25
$595.1M
$5.5B
Q2 25
$593.5M
$5.7B
Q1 25
$581.9M
$5.7B
Q4 24
$550.0M
$5.6B
Q3 24
$612.8M
$5.1B
Q2 24
$616.9M
$4.7B
Debt / Equity
HFFG
HFFG
NOG
NOG
Q1 26
Q4 25
0.53×
1.13×
Q3 25
0.45×
1.05×
Q2 25
0.44×
0.98×
Q1 25
0.45×
0.96×
Q4 24
0.45×
1.02×
Q3 24
0.39×
0.84×
Q2 24
0.39×
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
HFFG
HFFG
NOG
NOG
Operating Cash FlowLast quarter
$21.0M
$312.6M
Free Cash FlowOCF − Capex
$12.1M
$43.2M
FCF MarginFCF / Revenue
3.9%
7.1%
Capex IntensityCapex / Revenue
2.9%
31.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$6.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HFFG
HFFG
NOG
NOG
Q1 26
$312.6M
Q4 25
$21.0M
$312.6M
Q3 25
$-6.0M
$423.1M
Q2 25
$3.5M
$362.1M
Q1 25
$6.9M
$407.4M
Q4 24
$18.4M
$290.3M
Q3 24
$2.3M
$385.8M
Q2 24
$-9.3M
$340.5M
Free Cash Flow
HFFG
HFFG
NOG
NOG
Q1 26
$43.2M
Q4 25
$12.1M
Q3 25
$-9.3M
Q2 25
$363.0K
Q1 25
$3.4M
Q4 24
$15.3M
Q3 24
$-820.0K
Q2 24
$-13.0M
FCF Margin
HFFG
HFFG
NOG
NOG
Q1 26
7.1%
Q4 25
3.9%
Q3 25
-3.0%
Q2 25
0.1%
Q1 25
1.1%
Q4 24
5.0%
Q3 24
-0.3%
Q2 24
-4.3%
Capex Intensity
HFFG
HFFG
NOG
NOG
Q1 26
31.5%
Q4 25
2.9%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
1.2%
Q4 24
1.0%
Q3 24
1.0%
Q2 24
1.2%
Cash Conversion
HFFG
HFFG
NOG
NOG
Q1 26
Q4 25
Q3 25
Q2 25
2.89×
3.64×
Q1 25
2.93×
Q4 24
4.05×
Q3 24
1.29×
Q2 24
-546.06×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HFFG
HFFG

Seafood$110.2M36%
Meat And Poultry$62.7M20%
Asian Specialty$55.3M18%
Commodity Product$35.1M11%
Fresh Produce$29.9M10%
Packaging And Other$14.7M5%

NOG
NOG

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

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