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Side-by-side financial comparison of Pediatrix Medical Group, Inc. (MD) 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 $493.8M, roughly 1.2× Pediatrix Medical Group, Inc.). Pediatrix Medical Group, Inc. runs the higher net margin — 6.8% vs -11.6%, a 18.4% gap on every dollar of revenue. On growth, Pediatrix Medical Group, Inc. posted the faster year-over-year revenue change (-1.7% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -0.1%).

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

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

MD vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.2× larger
NOG
$610.2M
$493.8M
MD
Growing faster (revenue YoY)
MD
MD
+70.9% gap
MD
-1.7%
-72.6%
NOG
Higher net margin
MD
MD
18.4% more per $
MD
6.8%
-11.6%
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-0.1%
MD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MD
MD
NOG
NOG
Revenue
$493.8M
$610.2M
Net Profit
$33.7M
$-70.7M
Gross Margin
Operating Margin
9.9%
Net Margin
6.8%
-11.6%
Revenue YoY
-1.7%
-72.6%
Net Profit YoY
10.5%
-198.7%
EPS (diluted)
$0.40
$-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
MD
MD
NOG
NOG
Q1 26
$610.2M
Q4 25
$493.8M
$610.2M
Q3 25
$492.9M
$556.6M
Q2 25
$468.8M
$706.8M
Q1 25
$458.4M
$602.1M
Q4 24
$502.4M
$515.0M
Q3 24
$511.2M
$753.6M
Q2 24
$504.3M
$560.8M
Net Profit
MD
MD
NOG
NOG
Q1 26
$-70.7M
Q4 25
$33.7M
$-70.7M
Q3 25
$71.7M
$-129.1M
Q2 25
$39.3M
$99.6M
Q1 25
$20.7M
$139.0M
Q4 24
$30.5M
$71.7M
Q3 24
$19.4M
$298.4M
Q2 24
$-153.0M
$138.6M
Gross Margin
MD
MD
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
MD
MD
NOG
NOG
Q1 26
Q4 25
9.9%
-5.5%
Q3 25
13.8%
-22.6%
Q2 25
12.8%
24.9%
Q1 25
7.0%
38.1%
Q4 24
7.8%
25.8%
Q3 24
6.6%
57.6%
Q2 24
-31.3%
39.0%
Net Margin
MD
MD
NOG
NOG
Q1 26
-11.6%
Q4 25
6.8%
-11.6%
Q3 25
14.5%
-23.2%
Q2 25
8.4%
14.1%
Q1 25
4.5%
23.1%
Q4 24
6.1%
13.9%
Q3 24
3.8%
39.6%
Q2 24
-30.3%
24.7%
EPS (diluted)
MD
MD
NOG
NOG
Q1 26
$-0.73
Q4 25
$0.40
$-0.67
Q3 25
$0.84
$-1.33
Q2 25
$0.46
$1.00
Q1 25
$0.24
$1.39
Q4 24
$0.37
$0.71
Q3 24
$0.23
$2.96
Q2 24
$-1.84
$1.36

Balance Sheet & Financial Strength

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

Metric
MD
MD
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$375.2M
$14.3M
Total DebtLower is stronger
$570.5M
Stockholders' EquityBook value
$865.9M
$2.1B
Total Assets
$2.2B
$5.4B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MD
MD
NOG
NOG
Q1 26
$14.3M
Q4 25
$375.2M
$14.3M
Q3 25
$340.1M
$31.6M
Q2 25
$224.7M
$25.9M
Q1 25
$99.0M
$33.6M
Q4 24
$229.9M
$8.9M
Q3 24
$103.8M
$34.4M
Q2 24
$19.4M
$7.8M
Total Debt
MD
MD
NOG
NOG
Q1 26
Q4 25
$570.5M
$2.4B
Q3 25
$577.2M
$2.3B
Q2 25
$583.9M
$2.4B
Q1 25
$590.5M
$2.3B
Q4 24
$597.1M
$2.4B
Q3 24
$2.0B
Q2 24
$1.9B
Stockholders' Equity
MD
MD
NOG
NOG
Q1 26
$2.1B
Q4 25
$865.9M
$2.1B
Q3 25
$890.7M
$2.2B
Q2 25
$833.8M
$2.4B
Q1 25
$789.2M
$2.4B
Q4 24
$764.9M
$2.3B
Q3 24
$732.5M
$2.3B
Q2 24
$706.5M
$2.1B
Total Assets
MD
MD
NOG
NOG
Q1 26
$5.4B
Q4 25
$2.2B
$5.4B
Q3 25
$2.2B
$5.5B
Q2 25
$2.1B
$5.7B
Q1 25
$2.0B
$5.7B
Q4 24
$2.2B
$5.6B
Q3 24
$2.1B
$5.1B
Q2 24
$2.0B
$4.7B
Debt / Equity
MD
MD
NOG
NOG
Q1 26
Q4 25
0.66×
1.13×
Q3 25
0.65×
1.05×
Q2 25
0.70×
0.98×
Q1 25
0.75×
0.96×
Q4 24
0.78×
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
MD
MD
NOG
NOG
Operating Cash FlowLast quarter
$114.1M
$312.6M
Free Cash FlowOCF − Capex
$43.2M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
31.5%
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MD
MD
NOG
NOG
Q1 26
$312.6M
Q4 25
$114.1M
$312.6M
Q3 25
$137.3M
$423.1M
Q2 25
$137.2M
$362.1M
Q1 25
$-117.5M
$407.4M
Q4 24
$133.0M
$290.3M
Q3 24
$91.8M
$385.8M
Q2 24
$107.0M
$340.5M
Free Cash Flow
MD
MD
NOG
NOG
Q1 26
$43.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
MD
MD
NOG
NOG
Q1 26
7.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
MD
MD
NOG
NOG
Q1 26
31.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
MD
MD
NOG
NOG
Q1 26
Q4 25
3.39×
Q3 25
1.91×
Q2 25
3.49×
3.64×
Q1 25
-5.66×
2.93×
Q4 24
4.36×
4.05×
Q3 24
4.72×
1.29×
Q2 24
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

NOG
NOG

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

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