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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and OXFORD INDUSTRIES INC (OXM). 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 $307.3M, roughly 2.0× OXFORD INDUSTRIES INC). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -20.7%, a 9.1% gap on every dollar of revenue. On growth, OXFORD INDUSTRIES INC posted the faster year-over-year revenue change (-0.2% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $-47.9M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -3.0%).
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
Oxford Industries, Inc. is a publicly traded clothing company in the United States that specializes in high-end clothing and apparel. The company carries many major labels, including Tommy Bahama, Lilly Pulitzer, Johnny Was and Southern Tide.
NOG vs OXM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $307.3M |
| Net Profit | $-70.7M | $-63.7M |
| Gross Margin | — | 60.3% |
| Operating Margin | — | -27.7% |
| Net Margin | -11.6% | -20.7% |
| Revenue YoY | -72.6% | -0.2% |
| Net Profit YoY | -198.7% | -1517.6% |
| EPS (diluted) | $-0.73 | $-4.28 |
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 | $307.3M | ||
| Q3 25 | $556.6M | $403.1M | ||
| Q2 25 | $706.8M | $392.9M | ||
| Q1 25 | $602.1M | — | ||
| Q4 24 | $515.0M | $308.0M | ||
| Q3 24 | $753.6M | $419.9M | ||
| Q2 24 | $560.8M | $398.2M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $-63.7M | ||
| Q3 25 | $-129.1M | $16.7M | ||
| Q2 25 | $99.6M | $26.2M | ||
| Q1 25 | $139.0M | — | ||
| Q4 24 | $71.7M | $-3.9M | ||
| Q3 24 | $298.4M | $40.6M | ||
| Q2 24 | $138.6M | $38.4M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 60.3% | ||
| Q3 25 | 78.7% | 61.4% | ||
| Q2 25 | 82.8% | 64.2% | ||
| Q1 25 | 81.1% | — | ||
| Q4 24 | 77.4% | 63.1% | ||
| Q3 24 | 85.8% | 63.1% | ||
| Q2 24 | 82.0% | 64.9% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -27.7% | ||
| Q3 25 | -22.6% | 6.3% | ||
| Q2 25 | 24.9% | 9.2% | ||
| Q1 25 | 38.1% | — | ||
| Q4 24 | 25.8% | -2.0% | ||
| Q3 24 | 57.6% | 12.5% | ||
| Q2 24 | 39.0% | 13.2% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | -20.7% | ||
| Q3 25 | -23.2% | 4.1% | ||
| Q2 25 | 14.1% | 6.7% | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 13.9% | -1.3% | ||
| Q3 24 | 39.6% | 9.7% | ||
| Q2 24 | 24.7% | 9.6% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $-4.28 | ||
| Q3 25 | $-1.33 | $1.12 | ||
| Q2 25 | $1.00 | $1.70 | ||
| Q1 25 | $1.39 | — | ||
| Q4 24 | $0.71 | $-0.25 | ||
| Q3 24 | $2.96 | $2.57 | ||
| Q2 24 | $1.36 | $2.42 |
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 | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $528.0M |
| Total Assets | $5.4B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $8.0M | ||
| Q3 25 | $31.6M | $6.9M | ||
| Q2 25 | $25.9M | $8.2M | ||
| Q1 25 | $33.6M | — | ||
| Q4 24 | $8.9M | $7.0M | ||
| Q3 24 | $34.4M | $18.4M | ||
| Q2 24 | $7.8M | $7.7M |
| 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 | $528.0M | ||
| Q3 25 | $2.2B | $597.1M | ||
| Q2 25 | $2.4B | $592.4M | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.3B | $612.2M | ||
| Q3 24 | $2.3B | $621.6M | ||
| Q2 24 | $2.1B | $592.9M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $1.3B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.7B | $1.3B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.6B | $1.2B | ||
| Q3 24 | $5.1B | $1.2B | ||
| Q2 24 | $4.7B | $1.2B |
| 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 | $-9.1M |
| Free Cash FlowOCF − Capex | $43.2M | $-47.9M |
| FCF MarginFCF / Revenue | 7.1% | -15.6% |
| Capex IntensityCapex / Revenue | 31.5% | 12.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-79.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $-9.1M | ||
| Q3 25 | $423.1M | $83.5M | ||
| Q2 25 | $362.1M | $-3.9M | ||
| Q1 25 | $407.4M | — | ||
| Q4 24 | $290.3M | $-18.2M | ||
| Q3 24 | $385.8M | $88.8M | ||
| Q2 24 | $340.5M | $32.9M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $-47.9M | ||
| Q3 25 | — | $52.3M | ||
| Q2 25 | — | $-27.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-56.9M | ||
| Q3 24 | — | $47.2M | ||
| Q2 24 | — | $21.0M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | -15.6% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -18.5% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 5.3% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 5.00× | ||
| Q2 25 | 3.64× | -0.15× | ||
| Q1 25 | 2.93× | — | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 1.29× | 2.19× | ||
| Q2 24 | 2.46× | 0.86× |
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% |
OXM
| Sales Channel Retail | $162.9M | 53% |
| Sales Channel Wholesale | $61.3M | 20% |
| Johnny Was | $45.4M | 15% |
| Sales Channel Food And Beverage | $29.3M | 10% |
| Other Foreign Countries | $9.0M | 3% |
