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Side-by-side financial comparison of iQIYI, Inc. (IQ) and NORTHERN OIL & GAS, INC. (NOG). Click either name above to swap in a different company.

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $610.2M, roughly 1.6× NORTHERN OIL & GAS, INC.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

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

IQ vs NOG — Head-to-Head

Bigger by revenue
IQ
IQ
1.6× larger
IQ
$971.6M
$610.2M
NOG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IQ
IQ
NOG
NOG
Revenue
$971.6M
$610.2M
Net Profit
$-70.7M
Gross Margin
Operating Margin
0.8%
Net Margin
-11.6%
Revenue YoY
-72.6%
Net Profit YoY
-198.7%
EPS (diluted)
$-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
IQ
IQ
NOG
NOG
Q1 26
$971.6M
$610.2M
Q4 25
$610.2M
Q3 25
$556.6M
Q2 25
$706.8M
Q1 25
$906.0M
$602.1M
Q4 24
$515.0M
Q3 24
$753.6M
Q2 24
$560.8M
Net Profit
IQ
IQ
NOG
NOG
Q1 26
$-70.7M
Q4 25
$-70.7M
Q3 25
$-129.1M
Q2 25
$99.6M
Q1 25
$139.0M
Q4 24
$71.7M
Q3 24
$298.4M
Q2 24
$138.6M
Gross Margin
IQ
IQ
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
IQ
IQ
NOG
NOG
Q1 26
0.8%
Q4 25
-5.5%
Q3 25
-22.6%
Q2 25
24.9%
Q1 25
4.3%
38.1%
Q4 24
25.8%
Q3 24
57.6%
Q2 24
39.0%
Net Margin
IQ
IQ
NOG
NOG
Q1 26
-11.6%
Q4 25
-11.6%
Q3 25
-23.2%
Q2 25
14.1%
Q1 25
23.1%
Q4 24
13.9%
Q3 24
39.6%
Q2 24
24.7%
EPS (diluted)
IQ
IQ
NOG
NOG
Q1 26
$-0.73
Q4 25
$-0.67
Q3 25
$-1.33
Q2 25
$1.00
Q1 25
$1.39
Q4 24
$0.71
Q3 24
$2.96
Q2 24
$1.36

Balance Sheet & Financial Strength

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

Metric
IQ
IQ
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$4.4M
$14.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.3M
$2.1B
Total Assets
$46.7M
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
NOG
NOG
Q1 26
$4.4M
$14.3M
Q4 25
$14.3M
Q3 25
$31.6M
Q2 25
$25.9M
Q1 25
$3.5M
$33.6M
Q4 24
$8.9M
Q3 24
$34.4M
Q2 24
$7.8M
Total Debt
IQ
IQ
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
IQ
IQ
NOG
NOG
Q1 26
$13.3M
$2.1B
Q4 25
$2.1B
Q3 25
$2.2B
Q2 25
$2.4B
Q1 25
$13.4M
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.1B
Total Assets
IQ
IQ
NOG
NOG
Q1 26
$46.7M
$5.4B
Q4 25
$5.4B
Q3 25
$5.5B
Q2 25
$5.7B
Q1 25
$45.8M
$5.7B
Q4 24
$5.6B
Q3 24
$5.1B
Q2 24
$4.7B
Debt / Equity
IQ
IQ
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
IQ
IQ
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
IQ
IQ
NOG
NOG
Q1 26
$312.6M
Q4 25
$312.6M
Q3 25
$423.1M
Q2 25
$362.1M
Q1 25
$407.4M
Q4 24
$290.3M
Q3 24
$385.8M
Q2 24
$340.5M
Free Cash Flow
IQ
IQ
NOG
NOG
Q1 26
$43.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
IQ
IQ
NOG
NOG
Q1 26
7.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
IQ
IQ
NOG
NOG
Q1 26
31.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
IQ
IQ
NOG
NOG
Q1 26
Q4 25
Q3 25
Q2 25
3.64×
Q1 25
2.93×
Q4 24
4.05×
Q3 24
1.29×
Q2 24
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQ
IQ

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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