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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $610.2M, roughly 1.5× NORTHERN OIL & GAS, INC.). Nextpower Inc. runs the higher net margin — 14.4% vs -11.6%, a 26.0% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs -72.6%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $43.2M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
NOG vs NXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $909.4M |
| Net Profit | $-70.7M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | — | 19.4% |
| Net Margin | -11.6% | 14.4% |
| Revenue YoY | -72.6% | 33.9% |
| Net Profit YoY | -198.7% | 13.8% |
| EPS (diluted) | $-0.73 | $0.85 |
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 | $610.2M | $909.4M | ||
| Q3 25 | $556.6M | $905.3M | ||
| Q2 25 | $706.8M | $864.3M | ||
| Q1 25 | $602.1M | $924.3M | ||
| Q4 24 | $515.0M | $679.4M | ||
| Q3 24 | $753.6M | $635.6M | ||
| Q2 24 | $560.8M | $719.9M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $131.2M | ||
| Q3 25 | $-129.1M | $146.9M | ||
| Q2 25 | $99.6M | $157.2M | ||
| Q1 25 | $139.0M | $156.8M | ||
| Q4 24 | $71.7M | $115.3M | ||
| Q3 24 | $298.4M | $115.4M | ||
| Q2 24 | $138.6M | $121.7M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 31.7% | ||
| Q3 25 | 78.7% | 32.4% | ||
| Q2 25 | 82.8% | 32.6% | ||
| Q1 25 | 81.1% | 33.1% | ||
| Q4 24 | 77.4% | 35.5% | ||
| Q3 24 | 85.8% | 35.4% | ||
| Q2 24 | 82.0% | 33.0% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 19.4% | ||
| Q3 25 | -22.6% | 20.0% | ||
| Q2 25 | 24.9% | 21.5% | ||
| Q1 25 | 38.1% | 21.1% | ||
| Q4 24 | 25.8% | 22.1% | ||
| Q3 24 | 57.6% | 21.0% | ||
| Q2 24 | 39.0% | 22.2% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 14.4% | ||
| Q3 25 | -23.2% | 16.2% | ||
| Q2 25 | 14.1% | 18.2% | ||
| Q1 25 | 23.1% | 17.0% | ||
| Q4 24 | 13.9% | 17.0% | ||
| Q3 24 | 39.6% | 18.2% | ||
| Q2 24 | 24.7% | 16.9% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.85 | ||
| Q3 25 | $-1.33 | $0.97 | ||
| Q2 25 | $1.00 | $1.04 | ||
| Q1 25 | $1.39 | $1.05 | ||
| Q4 24 | $0.71 | $0.79 | ||
| Q3 24 | $2.96 | $0.79 | ||
| Q2 24 | $1.36 | $0.84 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.3M | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $2.2B |
| Total Assets | $5.4B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $952.6M | ||
| Q3 25 | $31.6M | $845.3M | ||
| Q2 25 | $25.9M | $743.4M | ||
| Q1 25 | $33.6M | $766.1M | ||
| Q4 24 | $8.9M | $693.5M | ||
| Q3 24 | $34.4M | $561.9M | ||
| Q2 24 | $7.8M | $471.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.1B | $1.1B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.5B | $3.7B | ||
| Q2 25 | $5.7B | $3.4B | ||
| Q1 25 | $5.7B | $3.2B | ||
| Q4 24 | $5.6B | $3.0B | ||
| Q3 24 | $5.1B | $2.8B | ||
| Q2 24 | $4.7B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $312.6M | $123.3M |
| Free Cash FlowOCF − Capex | $43.2M | $118.5M |
| FCF MarginFCF / Revenue | 7.1% | 13.0% |
| Capex IntensityCapex / Revenue | 31.5% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $123.3M | ||
| Q3 25 | $423.1M | $186.9M | ||
| Q2 25 | $362.1M | $81.3M | ||
| Q1 25 | $407.4M | $237.3M | ||
| Q4 24 | $290.3M | $143.8M | ||
| Q3 24 | $385.8M | $153.8M | ||
| Q2 24 | $340.5M | $120.8M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $118.5M | ||
| Q3 25 | — | $171.4M | ||
| Q2 25 | — | $70.1M | ||
| Q1 25 | — | $227.2M | ||
| Q4 24 | — | $134.9M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $118.0M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 16.4% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | 3.64× | 0.52× | ||
| Q1 25 | 2.93× | 1.51× | ||
| Q4 24 | 4.05× | 1.25× | ||
| Q3 24 | 1.29× | 1.33× | ||
| Q2 24 | 2.46× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
