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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) 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 $403.8M, roughly 1.5× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -11.6%, a 37.6% gap on every dollar of revenue.
China Taiping Insurance Holdings Company Limited (CTIH) formerly China Insurance International Holdings Company Limited (CIIH), is a Chinese insurance conglomerate. The company has strong Chinese Central Government background despite being incorporated in Hong Kong. It is considered as a red chip company.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
IGIC vs NOG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.8M | $610.2M |
| Net Profit | $105.1M | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 26.0% | -11.6% |
| Revenue YoY | — | -72.6% |
| Net Profit YoY | — | -198.7% |
| EPS (diluted) | $2.31 | $-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.
| Q1 26 | — | $610.2M | ||
| Q4 25 | — | $610.2M | ||
| Q3 25 | $403.8M | $556.6M | ||
| Q2 25 | $261.9M | $706.8M | ||
| Q1 25 | — | $602.1M | ||
| Q4 24 | — | $515.0M | ||
| Q3 24 | $369.6M | $753.6M | ||
| Q2 24 | $265.8M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | — | $-70.7M | ||
| Q3 25 | $105.1M | $-129.1M | ||
| Q2 25 | $61.4M | $99.6M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | $-134.4M | $298.4M | ||
| Q2 24 | $70.7M | $138.6M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -22.6% | ||
| Q2 25 | 24.2% | 24.9% | ||
| Q1 25 | — | 38.1% | ||
| Q4 24 | — | 25.8% | ||
| Q3 24 | — | 57.6% | ||
| Q2 24 | -73.3% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | — | -11.6% | ||
| Q3 25 | 26.0% | -23.2% | ||
| Q2 25 | 23.5% | 14.1% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | -36.4% | 39.6% | ||
| Q2 24 | 26.6% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | — | $-0.67 | ||
| Q3 25 | $2.31 | $-1.33 | ||
| Q2 25 | $1.36 | $1.00 | ||
| Q1 25 | — | $1.39 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | $1.82 | $2.96 | ||
| Q2 24 | $1.55 | $1.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $244.7M | $14.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $654.8M | $2.1B |
| Total Assets | $2.0B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | — | $14.3M | ||
| Q3 25 | $244.7M | $31.6M | ||
| Q2 25 | $164.8M | $25.9M | ||
| Q1 25 | — | $33.6M | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | $219.2M | $34.4M | ||
| Q2 24 | $237.3M | $7.8M |
| 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 |
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $654.8M | $2.2B | ||
| Q2 25 | $662.3M | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $540.5M | $2.3B | ||
| Q2 24 | $588.2M | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $2.1B | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | $1.8B | $5.1B | ||
| Q2 24 | $2.0B | $4.7B |
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | $312.6M | ||
| Q4 25 | — | $312.6M | ||
| Q3 25 | — | $423.1M | ||
| Q2 25 | $27.2M | $362.1M | ||
| Q1 25 | — | $407.4M | ||
| Q4 24 | — | $290.3M | ||
| Q3 24 | — | $385.8M | ||
| Q2 24 | $120.7M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $26.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $119.8M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 45.1% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.44× | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 1.71× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IGIC
Segment breakdown not available.
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
