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Side-by-side financial comparison of Magnera Corp (MAGN) and NORTHERN OIL & GAS, INC. (NOG). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $610.2M, roughly 1.3× NORTHERN OIL & GAS, INC.). Magnera Corp runs the higher net margin — -4.3% vs -11.6%, a 7.3% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 4.3%).
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
MAGN vs NOG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $610.2M |
| Net Profit | $-34.0M | $-70.7M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | — |
| Net Margin | -4.3% | -11.6% |
| Revenue YoY | 12.8% | -72.6% |
| Net Profit YoY | 43.3% | -198.7% |
| EPS (diluted) | $-0.95 | $-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 | $792.0M | $610.2M | ||
| Q3 25 | — | $556.6M | ||
| Q2 25 | $839.0M | $706.8M | ||
| Q1 25 | $824.0M | $602.1M | ||
| Q4 24 | $702.0M | $515.0M | ||
| Q3 24 | $332.1M | $753.6M | ||
| Q2 24 | $556.0M | $560.8M |
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $-34.0M | $-70.7M | ||
| Q3 25 | — | $-129.1M | ||
| Q2 25 | $-18.0M | $99.6M | ||
| Q1 25 | $-41.0M | $139.0M | ||
| Q4 24 | $-60.0M | $71.7M | ||
| Q3 24 | $-15.2M | $298.4M | ||
| Q2 24 | $19.0M | $138.6M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 80.4% | ||
| Q3 25 | — | 78.7% | ||
| Q2 25 | 10.7% | 82.8% | ||
| Q1 25 | 10.7% | 81.1% | ||
| Q4 24 | 10.1% | 77.4% | ||
| Q3 24 | 10.7% | 85.8% | ||
| Q2 24 | 6.6% | 82.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | -5.5% | ||
| Q3 25 | — | -22.6% | ||
| Q2 25 | 1.5% | 24.9% | ||
| Q1 25 | 0.5% | 38.1% | ||
| Q4 24 | -3.1% | 25.8% | ||
| Q3 24 | 0.9% | 57.6% | ||
| Q2 24 | 3.1% | 39.0% |
| Q1 26 | — | -11.6% | ||
| Q4 25 | -4.3% | -11.6% | ||
| Q3 25 | — | -23.2% | ||
| Q2 25 | -2.1% | 14.1% | ||
| Q1 25 | -5.0% | 23.1% | ||
| Q4 24 | -8.5% | 13.9% | ||
| Q3 24 | -4.6% | 39.6% | ||
| Q2 24 | 3.4% | 24.7% |
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $-0.95 | $-0.67 | ||
| Q3 25 | — | $-1.33 | ||
| Q2 25 | $-0.51 | $1.00 | ||
| Q1 25 | $-1.15 | $1.39 | ||
| Q4 24 | $-1.69 | $0.71 | ||
| Q3 24 | $-0.33 | $2.96 | ||
| Q2 24 | $0.60 | $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 | $264.0M | $14.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.0B | $2.1B |
| Total Assets | $3.9B | $5.4B |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $264.0M | $14.3M | ||
| Q3 25 | — | $31.6M | ||
| Q2 25 | $276.0M | $25.9M | ||
| Q1 25 | $282.0M | $33.6M | ||
| Q4 24 | $215.0M | $8.9M | ||
| Q3 24 | $230.0M | $34.4M | ||
| Q2 24 | $33.9M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $877.4M | $1.9B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.4B | $2.1B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $3.9B | $5.4B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | $4.1B | $5.7B | ||
| Q1 25 | $4.1B | $5.7B | ||
| Q4 24 | $4.0B | $5.6B | ||
| Q3 24 | $2.8B | $5.1B | ||
| Q2 24 | $1.5B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 1.13× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | 1.77× | 0.98× | ||
| Q1 25 | 1.83× | 0.96× | ||
| Q4 24 | 1.80× | 1.02× | ||
| Q3 24 | 0.91× | 0.84× | ||
| Q2 24 | 0.37× | 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 | $2.0M | $312.6M |
| Free Cash FlowOCF − Capex | $-13.0M | $43.2M |
| FCF MarginFCF / Revenue | -1.6% | 7.1% |
| Capex IntensityCapex / Revenue | 1.9% | 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 | $2.0M | $312.6M | ||
| Q3 25 | — | $423.1M | ||
| Q2 25 | $0 | $362.1M | ||
| Q1 25 | $65.0M | $407.4M | ||
| Q4 24 | $-58.0M | $290.3M | ||
| Q3 24 | $12.2M | $385.8M | ||
| Q2 24 | $38.0M | $340.5M |
| Q1 26 | — | $43.2M | ||
| Q4 25 | $-13.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — |
| Q1 26 | — | 7.1% | ||
| Q4 25 | -1.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — |
| Q1 26 | — | 31.5% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 2.00× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
