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Side-by-side financial comparison of ICF International, Inc. (ICFI) 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 $437.5M, roughly 1.4× ICF International, Inc.). ICF International, Inc. runs the higher net margin — 4.7% vs -11.6%, a 16.3% gap on every dollar of revenue. On growth, ICF International, Inc. posted the faster year-over-year revenue change (-10.3% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -7.6%).

ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.

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

ICFI vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.4× larger
NOG
$610.2M
$437.5M
ICFI
Growing faster (revenue YoY)
ICFI
ICFI
+62.3% gap
ICFI
-10.3%
-72.6%
NOG
Higher net margin
ICFI
ICFI
16.3% more per $
ICFI
4.7%
-11.6%
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-7.6%
ICFI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ICFI
ICFI
NOG
NOG
Revenue
$437.5M
$610.2M
Net Profit
$20.5M
$-70.7M
Gross Margin
Operating Margin
8.0%
Net Margin
4.7%
-11.6%
Revenue YoY
-10.3%
-72.6%
Net Profit YoY
-23.6%
-198.7%
EPS (diluted)
$1.12
$-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
ICFI
ICFI
NOG
NOG
Q1 26
$437.5M
$610.2M
Q4 25
$443.7M
$610.2M
Q3 25
$465.4M
$556.6M
Q2 25
$476.2M
$706.8M
Q1 25
$487.6M
$602.1M
Q4 24
$496.3M
$515.0M
Q3 24
$517.0M
$753.6M
Q2 24
$512.0M
$560.8M
Net Profit
ICFI
ICFI
NOG
NOG
Q1 26
$20.5M
$-70.7M
Q4 25
$17.3M
$-70.7M
Q3 25
$23.8M
$-129.1M
Q2 25
$23.7M
$99.6M
Q1 25
$26.9M
$139.0M
Q4 24
$24.6M
$71.7M
Q3 24
$32.7M
$298.4M
Q2 24
$25.6M
$138.6M
Gross Margin
ICFI
ICFI
NOG
NOG
Q1 26
Q4 25
35.7%
80.4%
Q3 25
37.6%
78.7%
Q2 25
37.3%
82.8%
Q1 25
38.0%
81.1%
Q4 24
36.1%
77.4%
Q3 24
37.1%
85.8%
Q2 24
35.7%
82.0%
Operating Margin
ICFI
ICFI
NOG
NOG
Q1 26
8.0%
Q4 25
6.5%
-5.5%
Q3 25
8.3%
-22.6%
Q2 25
8.4%
24.9%
Q1 25
7.9%
38.1%
Q4 24
7.3%
25.8%
Q3 24
8.9%
57.6%
Q2 24
8.3%
39.0%
Net Margin
ICFI
ICFI
NOG
NOG
Q1 26
4.7%
-11.6%
Q4 25
3.9%
-11.6%
Q3 25
5.1%
-23.2%
Q2 25
5.0%
14.1%
Q1 25
5.5%
23.1%
Q4 24
4.9%
13.9%
Q3 24
6.3%
39.6%
Q2 24
5.0%
24.7%
EPS (diluted)
ICFI
ICFI
NOG
NOG
Q1 26
$1.12
$-0.73
Q4 25
$0.95
$-0.67
Q3 25
$1.28
$-1.33
Q2 25
$1.28
$1.00
Q1 25
$1.44
$1.39
Q4 24
$1.29
$0.71
Q3 24
$1.73
$2.96
Q2 24
$1.36
$1.36

Balance Sheet & Financial Strength

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

Metric
ICFI
ICFI
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$3.9M
$14.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
Total Assets
$2.1B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICFI
ICFI
NOG
NOG
Q1 26
$3.9M
$14.3M
Q4 25
$5.3M
$14.3M
Q3 25
$4.0M
$31.6M
Q2 25
$7.0M
$25.9M
Q1 25
$5.7M
$33.6M
Q4 24
$5.0M
$8.9M
Q3 24
$6.9M
$34.4M
Q2 24
$4.1M
$7.8M
Total Debt
ICFI
ICFI
NOG
NOG
Q1 26
Q4 25
$401.4M
$2.4B
Q3 25
$449.4M
$2.3B
Q2 25
$462.3M
$2.4B
Q1 25
$502.0M
$2.3B
Q4 24
$411.7M
$2.4B
Q3 24
$419.1M
$2.0B
Q2 24
$433.9M
$1.9B
Stockholders' Equity
ICFI
ICFI
NOG
NOG
Q1 26
$2.1B
Q4 25
$1.0B
$2.1B
Q3 25
$1.0B
$2.2B
Q2 25
$1.0B
$2.4B
Q1 25
$968.9M
$2.4B
Q4 24
$982.5M
$2.3B
Q3 24
$976.3M
$2.3B
Q2 24
$943.3M
$2.1B
Total Assets
ICFI
ICFI
NOG
NOG
Q1 26
$2.1B
$5.4B
Q4 25
$2.1B
$5.4B
Q3 25
$2.1B
$5.5B
Q2 25
$2.1B
$5.7B
Q1 25
$2.1B
$5.7B
Q4 24
$2.1B
$5.6B
Q3 24
$2.0B
$5.1B
Q2 24
$2.0B
$4.7B
Debt / Equity
ICFI
ICFI
NOG
NOG
Q1 26
Q4 25
0.39×
1.13×
Q3 25
0.44×
1.05×
Q2 25
0.46×
0.98×
Q1 25
0.52×
0.96×
Q4 24
0.42×
1.02×
Q3 24
0.43×
0.84×
Q2 24
0.46×
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
ICFI
ICFI
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
ICFI
ICFI
NOG
NOG
Q1 26
$312.6M
Q4 25
$75.6M
$312.6M
Q3 25
$47.3M
$423.1M
Q2 25
$52.0M
$362.1M
Q1 25
$-33.0M
$407.4M
Q4 24
$95.4M
$290.3M
Q3 24
$25.5M
$385.8M
Q2 24
$60.6M
$340.5M
Free Cash Flow
ICFI
ICFI
NOG
NOG
Q1 26
$43.2M
Q4 25
$68.7M
Q3 25
$41.8M
Q2 25
$46.2M
Q1 25
$-36.5M
Q4 24
$89.5M
Q3 24
$20.4M
Q2 24
$55.5M
FCF Margin
ICFI
ICFI
NOG
NOG
Q1 26
7.1%
Q4 25
15.5%
Q3 25
9.0%
Q2 25
9.7%
Q1 25
-7.5%
Q4 24
18.0%
Q3 24
3.9%
Q2 24
10.8%
Capex Intensity
ICFI
ICFI
NOG
NOG
Q1 26
31.5%
Q4 25
1.6%
Q3 25
1.2%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
1.2%
Q3 24
1.0%
Q2 24
1.0%
Cash Conversion
ICFI
ICFI
NOG
NOG
Q1 26
Q4 25
4.37×
Q3 25
1.99×
Q2 25
2.20×
3.64×
Q1 25
-1.23×
2.93×
Q4 24
3.88×
4.05×
Q3 24
0.78×
1.29×
Q2 24
2.37×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ICFI
ICFI

Segment breakdown not available.

NOG
NOG

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

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