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

LEGGETT & PLATT INC is the larger business by last-quarter revenue ($938.6M vs $610.2M, roughly 1.5× NORTHERN OIL & GAS, INC.). LEGGETT & PLATT INC runs the higher net margin — 2.7% vs -11.6%, a 14.3% gap on every dollar of revenue. On growth, LEGGETT & PLATT INC posted the faster year-over-year revenue change (-11.2% vs -72.6%). LEGGETT & PLATT INC produced more free cash flow last quarter ($101.9M vs $43.2M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -7.5%).

Leggett & Platt (L&P), based in Carthage, Missouri, is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The firm was founded in 1883, and consists of 15 business units, 20,000 employee-partners, and 135 manufacturing facilities located in 18 countries.

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

LEG vs NOG — Head-to-Head

Bigger by revenue
LEG
LEG
1.5× larger
LEG
$938.6M
$610.2M
NOG
Growing faster (revenue YoY)
LEG
LEG
+61.4% gap
LEG
-11.2%
-72.6%
NOG
Higher net margin
LEG
LEG
14.3% more per $
LEG
2.7%
-11.6%
NOG
More free cash flow
LEG
LEG
$58.7M more FCF
LEG
$101.9M
$43.2M
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-7.5%
LEG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LEG
LEG
NOG
NOG
Revenue
$938.6M
$610.2M
Net Profit
$25.1M
$-70.7M
Gross Margin
17.9%
Operating Margin
2.0%
Net Margin
2.7%
-11.6%
Revenue YoY
-11.2%
-72.6%
Net Profit YoY
76.8%
-198.7%
EPS (diluted)
$0.18
$-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
LEG
LEG
NOG
NOG
Q1 26
$610.2M
Q4 25
$938.6M
$610.2M
Q3 25
$1.0B
$556.6M
Q2 25
$1.1B
$706.8M
Q1 25
$1.0B
$602.1M
Q4 24
$1.1B
$515.0M
Q3 24
$1.1B
$753.6M
Q2 24
$1.1B
$560.8M
Net Profit
LEG
LEG
NOG
NOG
Q1 26
$-70.7M
Q4 25
$25.1M
$-70.7M
Q3 25
$127.1M
$-129.1M
Q2 25
$52.5M
$99.6M
Q1 25
$30.6M
$139.0M
Q4 24
$14.2M
$71.7M
Q3 24
$44.9M
$298.4M
Q2 24
$-602.2M
$138.6M
Gross Margin
LEG
LEG
NOG
NOG
Q1 26
Q4 25
17.9%
80.4%
Q3 25
18.7%
78.7%
Q2 25
18.2%
82.8%
Q1 25
18.6%
81.1%
Q4 24
16.6%
77.4%
Q3 24
18.2%
85.8%
Q2 24
16.5%
82.0%
Operating Margin
LEG
LEG
NOG
NOG
Q1 26
Q4 25
2.0%
-5.5%
Q3 25
14.9%
-22.6%
Q2 25
6.8%
24.9%
Q1 25
4.4%
38.1%
Q4 24
2.4%
25.8%
Q3 24
5.2%
57.6%
Q2 24
-56.2%
39.0%
Net Margin
LEG
LEG
NOG
NOG
Q1 26
-11.6%
Q4 25
2.7%
-11.6%
Q3 25
12.3%
-23.2%
Q2 25
5.0%
14.1%
Q1 25
3.0%
23.1%
Q4 24
1.3%
13.9%
Q3 24
4.1%
39.6%
Q2 24
-53.4%
24.7%
EPS (diluted)
LEG
LEG
NOG
NOG
Q1 26
$-0.73
Q4 25
$0.18
$-0.67
Q3 25
$0.91
$-1.33
Q2 25
$0.38
$1.00
Q1 25
$0.22
$1.39
Q4 24
$0.10
$0.71
Q3 24
$0.33
$2.96
Q2 24
$-4.39
$1.36

Balance Sheet & Financial Strength

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

Metric
LEG
LEG
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$587.4M
$14.3M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.0B
$2.1B
Total Assets
$3.5B
$5.4B
Debt / EquityLower = less leverage
1.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEG
LEG
NOG
NOG
Q1 26
$14.3M
Q4 25
$587.4M
$14.3M
Q3 25
$460.7M
$31.6M
Q2 25
$368.8M
$25.9M
Q1 25
$412.6M
$33.6M
Q4 24
$350.2M
$8.9M
Q3 24
$277.2M
$34.4M
Q2 24
$307.0M
$7.8M
Total Debt
LEG
LEG
NOG
NOG
Q1 26
Q4 25
$1.5B
$2.4B
Q3 25
$1.5B
$2.3B
Q2 25
$1.8B
$2.4B
Q1 25
$1.9B
$2.3B
Q4 24
$1.9B
$2.4B
Q3 24
$1.6B
$2.0B
Q2 24
$1.7B
$1.9B
Stockholders' Equity
LEG
LEG
NOG
NOG
Q1 26
$2.1B
Q4 25
$1.0B
$2.1B
Q3 25
$971.8M
$2.2B
Q2 25
$855.0M
$2.4B
Q1 25
$746.8M
$2.4B
Q4 24
$689.4M
$2.3B
Q3 24
$741.0M
$2.3B
Q2 24
$667.6M
$2.1B
Total Assets
LEG
LEG
NOG
NOG
Q1 26
$5.4B
Q4 25
$3.5B
$5.4B
Q3 25
$3.5B
$5.5B
Q2 25
$3.7B
$5.7B
Q1 25
$3.7B
$5.7B
Q4 24
$3.7B
$5.6B
Q3 24
$3.8B
$5.1B
Q2 24
$3.8B
$4.7B
Debt / Equity
LEG
LEG
NOG
NOG
Q1 26
Q4 25
1.46×
1.13×
Q3 25
1.54×
1.05×
Q2 25
2.10×
0.98×
Q1 25
2.59×
0.96×
Q4 24
2.70×
1.02×
Q3 24
2.13×
0.84×
Q2 24
2.55×
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
LEG
LEG
NOG
NOG
Operating Cash FlowLast quarter
$121.5M
$312.6M
Free Cash FlowOCF − Capex
$101.9M
$43.2M
FCF MarginFCF / Revenue
10.9%
7.1%
Capex IntensityCapex / Revenue
2.1%
31.5%
Cash ConversionOCF / Net Profit
4.84×
TTM Free Cash FlowTrailing 4 quarters
$281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEG
LEG
NOG
NOG
Q1 26
$312.6M
Q4 25
$121.5M
$312.6M
Q3 25
$125.9M
$423.1M
Q2 25
$84.0M
$362.1M
Q1 25
$6.8M
$407.4M
Q4 24
$122.3M
$290.3M
Q3 24
$95.5M
$385.8M
Q2 24
$94.0M
$340.5M
Free Cash Flow
LEG
LEG
NOG
NOG
Q1 26
$43.2M
Q4 25
$101.9M
Q3 25
$110.1M
Q2 25
$75.5M
Q1 25
$-6.5M
Q4 24
$100.5M
Q3 24
$77.1M
Q2 24
$78.5M
FCF Margin
LEG
LEG
NOG
NOG
Q1 26
7.1%
Q4 25
10.9%
Q3 25
10.6%
Q2 25
7.1%
Q1 25
-0.6%
Q4 24
9.5%
Q3 24
7.0%
Q2 24
7.0%
Capex Intensity
LEG
LEG
NOG
NOG
Q1 26
31.5%
Q4 25
2.1%
Q3 25
1.5%
Q2 25
0.8%
Q1 25
1.3%
Q4 24
2.1%
Q3 24
1.7%
Q2 24
1.4%
Cash Conversion
LEG
LEG
NOG
NOG
Q1 26
Q4 25
4.84×
Q3 25
0.99×
Q2 25
1.60×
3.64×
Q1 25
0.22×
2.93×
Q4 24
8.61×
4.05×
Q3 24
2.13×
1.29×
Q2 24
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEG
LEG

Bedding Products$373.8M40%
Flooring And Textile Products Group$196.9M21%
Automotive Group$194.9M21%
Work Furniture Group$66.2M7%
Home Furniture Group$61.0M6%
Hydraulic Cylinders$45.8M5%

NOG
NOG

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

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