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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and OUTFRONT Media Inc. (OUT). 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 $513.3M, roughly 1.2× OUTFRONT Media Inc.). OUTFRONT Media Inc. runs the higher net margin — 18.9% vs -11.6%, a 30.5% gap on every dollar of revenue. On growth, OUTFRONT Media Inc. posted the faster year-over-year revenue change (4.1% vs -72.6%). OUTFRONT Media Inc. produced more free cash flow last quarter ($93.3M vs $43.2M). Over the past eight quarters, OUTFRONT Media Inc.'s revenue compounded faster (12.1% 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.

Outfront Media, Inc. is an American advertising company. It operates in the United States. The Americas division is led by chief executive officer Nick Brien. Outfront Media has both billboards and transit displays.

NOG vs OUT — Head-to-Head

Bigger by revenue
NOG
NOG
1.2× larger
NOG
$610.2M
$513.3M
OUT
Growing faster (revenue YoY)
OUT
OUT
+76.7% gap
OUT
4.1%
-72.6%
NOG
Higher net margin
OUT
OUT
30.5% more per $
OUT
18.9%
-11.6%
NOG
More free cash flow
OUT
OUT
$50.1M more FCF
OUT
$93.3M
$43.2M
NOG
Faster 2-yr revenue CAGR
OUT
OUT
Annualised
OUT
12.1%
4.3%
NOG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NOG
NOG
OUT
OUT
Revenue
$610.2M
$513.3M
Net Profit
$-70.7M
$96.8M
Gross Margin
Operating Margin
26.0%
Net Margin
-11.6%
18.9%
Revenue YoY
-72.6%
4.1%
Net Profit YoY
-198.7%
30.8%
EPS (diluted)
$-0.73
$0.57

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
NOG
NOG
OUT
OUT
Q1 26
$610.2M
Q4 25
$610.2M
$513.3M
Q3 25
$556.6M
$467.5M
Q2 25
$706.8M
$460.2M
Q1 25
$602.1M
$390.7M
Q4 24
$515.0M
$493.2M
Q3 24
$753.6M
$451.9M
Q2 24
$560.8M
$477.3M
Net Profit
NOG
NOG
OUT
OUT
Q1 26
$-70.7M
Q4 25
$-70.7M
$96.8M
Q3 25
$-129.1M
$51.3M
Q2 25
$99.6M
$19.5M
Q1 25
$139.0M
$-20.6M
Q4 24
$71.7M
$74.0M
Q3 24
$298.4M
$34.6M
Q2 24
$138.6M
$176.8M
Gross Margin
NOG
NOG
OUT
OUT
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
NOG
NOG
OUT
OUT
Q1 26
Q4 25
-5.5%
26.0%
Q3 25
-22.6%
19.2%
Q2 25
24.9%
12.2%
Q1 25
38.1%
3.6%
Q4 24
25.8%
22.5%
Q3 24
57.6%
15.8%
Q2 24
39.0%
48.0%
Net Margin
NOG
NOG
OUT
OUT
Q1 26
-11.6%
Q4 25
-11.6%
18.9%
Q3 25
-23.2%
11.0%
Q2 25
14.1%
4.2%
Q1 25
23.1%
-5.3%
Q4 24
13.9%
15.0%
Q3 24
39.6%
7.7%
Q2 24
24.7%
37.0%
EPS (diluted)
NOG
NOG
OUT
OUT
Q1 26
$-0.73
Q4 25
$-0.67
$0.57
Q3 25
$-1.33
$0.29
Q2 25
$1.00
$0.10
Q1 25
$1.39
$-0.14
Q4 24
$0.71
$0.49
Q3 24
$2.96
$0.19
Q2 24
$1.36
$1.01

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
OUT
OUT
Cash + ST InvestmentsLiquidity on hand
$14.3M
$99.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$710.4M
Total Assets
$5.4B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
OUT
OUT
Q1 26
$14.3M
Q4 25
$14.3M
$99.9M
Q3 25
$31.6M
$63.0M
Q2 25
$25.9M
$28.5M
Q1 25
$33.6M
$30.5M
Q4 24
$8.9M
$46.9M
Q3 24
$34.4M
$28.0M
Q2 24
$7.8M
$49.6M
Total Debt
NOG
NOG
OUT
OUT
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
Stockholders' Equity
NOG
NOG
OUT
OUT
Q1 26
$2.1B
Q4 25
$2.1B
$710.4M
Q3 25
$2.2B
$542.6M
Q2 25
$2.4B
$539.1M
Q1 25
$2.4B
$566.9M
Q4 24
$2.3B
$649.0M
Q3 24
$2.3B
$618.2M
Q2 24
$2.1B
$664.9M
Total Assets
NOG
NOG
OUT
OUT
Q1 26
$5.4B
Q4 25
$5.4B
$5.3B
Q3 25
$5.5B
$5.2B
Q2 25
$5.7B
$5.1B
Q1 25
$5.7B
$5.1B
Q4 24
$5.6B
$5.2B
Q3 24
$5.1B
$5.2B
Q2 24
$4.7B
$5.3B
Debt / Equity
NOG
NOG
OUT
OUT
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
NOG
NOG
OUT
OUT
Operating Cash FlowLast quarter
$312.6M
$118.1M
Free Cash FlowOCF − Capex
$43.2M
$93.3M
FCF MarginFCF / Revenue
7.1%
18.2%
Capex IntensityCapex / Revenue
31.5%
4.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$218.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
OUT
OUT
Q1 26
$312.6M
Q4 25
$312.6M
$118.1M
Q3 25
$423.1M
$88.8M
Q2 25
$362.1M
$67.1M
Q1 25
$407.4M
$33.6M
Q4 24
$290.3M
$124.5M
Q3 24
$385.8M
$73.1M
Q2 24
$340.5M
$71.0M
Free Cash Flow
NOG
NOG
OUT
OUT
Q1 26
$43.2M
Q4 25
$93.3M
Q3 25
$67.7M
Q2 25
$41.4M
Q1 25
$16.4M
Q4 24
$106.3M
Q3 24
$55.5M
Q2 24
$47.1M
FCF Margin
NOG
NOG
OUT
OUT
Q1 26
7.1%
Q4 25
18.2%
Q3 25
14.5%
Q2 25
9.0%
Q1 25
4.2%
Q4 24
21.6%
Q3 24
12.3%
Q2 24
9.9%
Capex Intensity
NOG
NOG
OUT
OUT
Q1 26
31.5%
Q4 25
4.8%
Q3 25
4.5%
Q2 25
5.6%
Q1 25
4.4%
Q4 24
3.7%
Q3 24
3.9%
Q2 24
5.0%
Cash Conversion
NOG
NOG
OUT
OUT
Q1 26
Q4 25
1.22×
Q3 25
1.73×
Q2 25
3.64×
3.44×
Q1 25
2.93×
Q4 24
4.05×
1.68×
Q3 24
1.29×
2.11×
Q2 24
2.46×
0.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOG
NOG

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

OUT
OUT

Static Displays$236.3M46%
Other$134.8M26%
Digital Displays$125.3M24%
Other Revenues$1.9M0%

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