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Side-by-side financial comparison of NATIONAL HEALTHCARE CORP (NHC) 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 $386.5M, roughly 1.6× NATIONAL HEALTHCARE CORP). NATIONAL HEALTHCARE CORP runs the higher net margin — 6.4% vs -11.6%, a 18.0% gap on every dollar of revenue. On growth, NATIONAL HEALTHCARE CORP posted the faster year-over-year revenue change (4.6% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $6.4M). Over the past eight quarters, NATIONAL HEALTHCARE CORP's revenue compounded faster (14.0% CAGR vs 4.3%).

HCA Healthcare, Inc. is an American global for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by to...

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

NHC vs NOG — Head-to-Head

Bigger by revenue
NOG
NOG
1.6× larger
NOG
$610.2M
$386.5M
NHC
Growing faster (revenue YoY)
NHC
NHC
+77.2% gap
NHC
4.6%
-72.6%
NOG
Higher net margin
NHC
NHC
18.0% more per $
NHC
6.4%
-11.6%
NOG
More free cash flow
NOG
NOG
$36.8M more FCF
NOG
$43.2M
$6.4M
NHC
Faster 2-yr revenue CAGR
NHC
NHC
Annualised
NHC
14.0%
4.3%
NOG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NHC
NHC
NOG
NOG
Revenue
$386.5M
$610.2M
Net Profit
$24.8M
$-70.7M
Gross Margin
Operating Margin
8.6%
Net Margin
6.4%
-11.6%
Revenue YoY
4.6%
-72.6%
Net Profit YoY
308.6%
-198.7%
EPS (diluted)
$1.58
$-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
NHC
NHC
NOG
NOG
Q1 26
$610.2M
Q4 25
$386.5M
$610.2M
Q3 25
$382.7M
$556.6M
Q2 25
$374.9M
$706.8M
Q1 25
$373.7M
$602.1M
Q4 24
$369.4M
$515.0M
Q3 24
$340.2M
$753.6M
Q2 24
$300.7M
$560.8M
Net Profit
NHC
NHC
NOG
NOG
Q1 26
$-70.7M
Q4 25
$24.8M
$-70.7M
Q3 25
$39.2M
$-129.1M
Q2 25
$23.7M
$99.6M
Q1 25
$32.2M
$139.0M
Q4 24
$6.1M
$71.7M
Q3 24
$42.8M
$298.4M
Q2 24
$26.8M
$138.6M
Gross Margin
NHC
NHC
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
NHC
NHC
NOG
NOG
Q1 26
Q4 25
8.6%
-5.5%
Q3 25
7.9%
-22.6%
Q2 25
9.1%
24.9%
Q1 25
8.2%
38.1%
Q4 24
7.8%
25.8%
Q3 24
6.7%
57.6%
Q2 24
7.5%
39.0%
Net Margin
NHC
NHC
NOG
NOG
Q1 26
-11.6%
Q4 25
6.4%
-11.6%
Q3 25
10.3%
-23.2%
Q2 25
6.3%
14.1%
Q1 25
8.6%
23.1%
Q4 24
1.6%
13.9%
Q3 24
12.6%
39.6%
Q2 24
8.9%
24.7%
EPS (diluted)
NHC
NHC
NOG
NOG
Q1 26
$-0.73
Q4 25
$1.58
$-0.67
Q3 25
$2.50
$-1.33
Q2 25
$1.52
$1.00
Q1 25
$2.07
$1.39
Q4 24
$0.38
$0.71
Q3 24
$2.73
$2.96
Q2 24
$1.73
$1.36

Balance Sheet & Financial Strength

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

Metric
NHC
NHC
NOG
NOG
Cash + ST InvestmentsLiquidity on hand
$92.8M
$14.3M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$1.1B
$2.1B
Total Assets
$1.5B
$5.4B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHC
NHC
NOG
NOG
Q1 26
$14.3M
Q4 25
$92.8M
$14.3M
Q3 25
$130.6M
$31.6M
Q2 25
$111.0M
$25.9M
Q1 25
$90.4M
$33.6M
Q4 24
$76.1M
$8.9M
Q3 24
$84.8M
$34.4M
Q2 24
$136.2M
$7.8M
Total Debt
NHC
NHC
NOG
NOG
Q1 26
Q4 25
$40.0M
$2.4B
Q3 25
$73.1M
$2.3B
Q2 25
$110.0M
$2.4B
Q1 25
$134.0M
$2.3B
Q4 24
$137.0M
$2.4B
Q3 24
$147.0M
$2.0B
Q2 24
$1.9B
Stockholders' Equity
NHC
NHC
NOG
NOG
Q1 26
$2.1B
Q4 25
$1.1B
$2.1B
Q3 25
$1.1B
$2.2B
Q2 25
$1.0B
$2.4B
Q1 25
$1.0B
$2.4B
Q4 24
$980.2M
$2.3B
Q3 24
$983.5M
$2.3B
Q2 24
$945.8M
$2.1B
Total Assets
NHC
NHC
NOG
NOG
Q1 26
$5.4B
Q4 25
$1.5B
$5.4B
Q3 25
$1.6B
$5.5B
Q2 25
$1.6B
$5.7B
Q1 25
$1.5B
$5.7B
Q4 24
$1.5B
$5.6B
Q3 24
$1.6B
$5.1B
Q2 24
$1.3B
$4.7B
Debt / Equity
NHC
NHC
NOG
NOG
Q1 26
Q4 25
0.04×
1.13×
Q3 25
0.07×
1.05×
Q2 25
0.11×
0.98×
Q1 25
0.13×
0.96×
Q4 24
0.14×
1.02×
Q3 24
0.15×
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
NHC
NHC
NOG
NOG
Operating Cash FlowLast quarter
$16.8M
$312.6M
Free Cash FlowOCF − Capex
$6.4M
$43.2M
FCF MarginFCF / Revenue
1.7%
7.1%
Capex IntensityCapex / Revenue
2.7%
31.5%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$148.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHC
NHC
NOG
NOG
Q1 26
$312.6M
Q4 25
$16.8M
$312.6M
Q3 25
$66.2M
$423.1M
Q2 25
$62.8M
$362.1M
Q1 25
$39.3M
$407.4M
Q4 24
$12.8M
$290.3M
Q3 24
$34.2M
$385.8M
Q2 24
$50.7M
$340.5M
Free Cash Flow
NHC
NHC
NOG
NOG
Q1 26
$43.2M
Q4 25
$6.4M
Q3 25
$56.5M
Q2 25
$52.6M
Q1 25
$33.1M
Q4 24
$4.6M
Q3 24
$28.6M
Q2 24
$42.8M
FCF Margin
NHC
NHC
NOG
NOG
Q1 26
7.1%
Q4 25
1.7%
Q3 25
14.8%
Q2 25
14.0%
Q1 25
8.9%
Q4 24
1.3%
Q3 24
8.4%
Q2 24
14.2%
Capex Intensity
NHC
NHC
NOG
NOG
Q1 26
31.5%
Q4 25
2.7%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
1.6%
Q4 24
2.2%
Q3 24
1.7%
Q2 24
2.6%
Cash Conversion
NHC
NHC
NOG
NOG
Q1 26
Q4 25
0.68×
Q3 25
1.69×
Q2 25
2.65×
3.64×
Q1 25
1.22×
2.93×
Q4 24
2.10×
4.05×
Q3 24
0.80×
1.29×
Q2 24
1.89×
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHC
NHC

Inpatient Services Segment$333.7M86%
Homecare Services Segment$40.0M10%
Other$11.2M3%
National$1.6M0%

NOG
NOG

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

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