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Side-by-side financial comparison of loanDepot, Inc. (LDI) 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 $310.3M, roughly 2.0× loanDepot, Inc.). loanDepot, Inc. runs the higher net margin — -7.2% vs -11.6%, a 4.3% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 4.3%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
LDI vs NOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $610.2M |
| Net Profit | $-22.5M | $-70.7M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | — |
| Net Margin | -7.2% | -11.6% |
| Revenue YoY | 20.5% | -72.6% |
| Net Profit YoY | 32.4% | -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.
| Q1 26 | — | $610.2M | ||
| Q4 25 | $310.3M | $610.2M | ||
| Q3 25 | $323.3M | $556.6M | ||
| Q2 25 | $282.5M | $706.8M | ||
| Q1 25 | $273.6M | $602.1M | ||
| Q4 24 | $257.5M | $515.0M | ||
| Q3 24 | $314.6M | $753.6M | ||
| Q2 24 | $265.4M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $-22.5M | $-70.7M | ||
| Q3 25 | $-4.9M | $-129.1M | ||
| Q2 25 | $-13.4M | $99.6M | ||
| Q1 25 | $-21.9M | $139.0M | ||
| Q4 24 | $-33.2M | $71.7M | ||
| Q3 24 | $1.4M | $298.4M | ||
| Q2 24 | $-32.2M | $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 | -10.3% | -5.5% | ||
| Q3 25 | -3.2% | -22.6% | ||
| Q2 25 | -11.4% | 24.9% | ||
| Q1 25 | -16.8% | 38.1% | ||
| Q4 24 | -32.7% | 25.8% | ||
| Q3 24 | 1.1% | 57.6% | ||
| Q2 24 | -29.1% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | -7.2% | -11.6% | ||
| Q3 25 | -1.5% | -23.2% | ||
| Q2 25 | -4.7% | 14.1% | ||
| Q1 25 | -8.0% | 23.1% | ||
| Q4 24 | -12.9% | 13.9% | ||
| Q3 24 | 0.4% | 39.6% | ||
| Q2 24 | -12.1% | 24.7% |
| 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 | $0.01 | $2.96 | ||
| Q2 24 | $-0.18 | $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 | $337.2M | $14.3M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $2.1B |
| Total Assets | $6.9B | $5.4B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $337.2M | $14.3M | ||
| Q3 25 | $459.2M | $31.6M | ||
| Q2 25 | $408.6M | $25.9M | ||
| Q1 25 | $371.5M | $33.6M | ||
| Q4 24 | $421.6M | $8.9M | ||
| Q3 24 | $483.0M | $34.4M | ||
| Q2 24 | $533.2M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $386.0M | $2.1B | ||
| Q3 25 | $433.3M | $2.2B | ||
| Q2 25 | $439.1M | $2.4B | ||
| Q1 25 | $469.3M | $2.4B | ||
| Q4 24 | $506.6M | $2.3B | ||
| Q3 24 | $592.0M | $2.3B | ||
| Q2 24 | $578.9M | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $6.9B | $5.4B | ||
| Q3 25 | $6.2B | $5.5B | ||
| Q2 25 | $6.2B | $5.7B | ||
| Q1 25 | $6.4B | $5.7B | ||
| Q4 24 | $6.3B | $5.6B | ||
| Q3 24 | $6.4B | $5.1B | ||
| Q2 24 | $5.9B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | 1.13× | ||
| Q3 25 | 4.83× | 1.05× | ||
| Q2 25 | 4.70× | 0.98× | ||
| Q1 25 | 4.30× | 0.96× | ||
| Q4 24 | 4.00× | 1.02× | ||
| Q3 24 | 3.31× | 0.84× | ||
| Q2 24 | 3.41× | 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 | $-638.7M | $312.6M |
| Free Cash FlowOCF − Capex | $-648.0M | $43.2M |
| FCF MarginFCF / Revenue | -208.9% | 7.1% |
| Capex IntensityCapex / Revenue | 3.0% | 31.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $312.6M | ||
| Q4 25 | $-638.7M | $312.6M | ||
| Q3 25 | $43.4M | $423.1M | ||
| Q2 25 | $67.6M | $362.1M | ||
| Q1 25 | $-179.9M | $407.4M | ||
| Q4 24 | $47.7M | $290.3M | ||
| Q3 24 | $-349.2M | $385.8M | ||
| Q2 24 | $-278.3M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | $-648.0M | — | ||
| Q3 25 | $38.7M | — | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $-186.7M | — | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $-356.4M | — | ||
| Q2 24 | $-285.7M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | -208.9% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | -68.2% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | -113.3% | — | ||
| Q2 24 | -107.7% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | -255.05× | 1.29× | ||
| Q2 24 | — | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
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% |
