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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Paymentus Holdings, Inc. (PAY). 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 $330.5M, roughly 1.8× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -11.6%, a 17.8% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -72.6%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $43.2M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
NOG vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $330.5M |
| Net Profit | $-70.7M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | — | 7.3% |
| Net Margin | -11.6% | 6.3% |
| Revenue YoY | -72.6% | 28.1% |
| Net Profit YoY | -198.7% | 57.2% |
| EPS (diluted) | $-0.73 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $556.6M | $310.7M | ||
| Q2 25 | $706.8M | $280.1M | ||
| Q1 25 | $602.1M | $275.2M | ||
| Q4 24 | $515.0M | $257.9M | ||
| Q3 24 | $753.6M | $231.6M | ||
| Q2 24 | $560.8M | $197.4M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $20.7M | ||
| Q3 25 | $-129.1M | $17.7M | ||
| Q2 25 | $99.6M | $14.7M | ||
| Q1 25 | $139.0M | $13.8M | ||
| Q4 24 | $71.7M | $13.1M | ||
| Q3 24 | $298.4M | $14.4M | ||
| Q2 24 | $138.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 25.4% | ||
| Q3 25 | 78.7% | 24.1% | ||
| Q2 25 | 82.8% | 25.5% | ||
| Q1 25 | 81.1% | 24.0% | ||
| Q4 24 | 77.4% | 25.6% | ||
| Q3 24 | 85.8% | 26.2% | ||
| Q2 24 | 82.0% | 29.8% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 7.3% | ||
| Q3 25 | -22.6% | 6.4% | ||
| Q2 25 | 24.9% | 5.7% | ||
| Q1 25 | 38.1% | 5.7% | ||
| Q4 24 | 25.8% | 5.5% | ||
| Q3 24 | 57.6% | 5.2% | ||
| Q2 24 | 39.0% | 5.2% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 6.3% | ||
| Q3 25 | -23.2% | 5.7% | ||
| Q2 25 | 14.1% | 5.3% | ||
| Q1 25 | 23.1% | 5.0% | ||
| Q4 24 | 13.9% | 5.1% | ||
| Q3 24 | 39.6% | 6.2% | ||
| Q2 24 | 24.7% | 4.7% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.16 | ||
| Q3 25 | $-1.33 | $0.14 | ||
| Q2 25 | $1.00 | $0.11 | ||
| Q1 25 | $1.39 | $0.11 | ||
| Q4 24 | $0.71 | $0.11 | ||
| Q3 24 | $2.96 | $0.11 | ||
| Q2 24 | $1.36 | $0.07 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $560.4M |
| Total Assets | $5.4B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $320.9M | ||
| Q3 25 | $31.6M | $287.9M | ||
| Q2 25 | $25.9M | $266.4M | ||
| Q1 25 | $33.6M | $245.8M | ||
| Q4 24 | $8.9M | $205.9M | ||
| Q3 24 | $34.4M | $187.5M | ||
| Q2 24 | $7.8M | $188.8M |
| 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 | $560.4M | ||
| Q3 25 | $2.2B | $537.4M | ||
| Q2 25 | $2.4B | $516.7M | ||
| Q1 25 | $2.4B | $500.4M | ||
| Q4 24 | $2.3B | $485.6M | ||
| Q3 24 | $2.3B | $468.8M | ||
| Q2 24 | $2.1B | $451.6M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $667.9M | ||
| Q3 25 | $5.5B | $644.4M | ||
| Q2 25 | $5.7B | $609.5M | ||
| Q1 25 | $5.7B | $590.9M | ||
| Q4 24 | $5.6B | $576.2M | ||
| Q3 24 | $5.1B | $552.9M | ||
| Q2 24 | $4.7B | $527.7M |
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | $43.2M | $45.0M |
| FCF MarginFCF / Revenue | 7.1% | 13.6% |
| Capex IntensityCapex / Revenue | 31.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $45.1M | ||
| Q3 25 | $423.1M | $35.1M | ||
| Q2 25 | $362.1M | $31.5M | ||
| Q1 25 | $407.4M | $50.4M | ||
| Q4 24 | $290.3M | $27.9M | ||
| Q3 24 | $385.8M | $6.7M | ||
| Q2 24 | $340.5M | $18.0M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | 3.64× | 2.14× | ||
| Q1 25 | 2.93× | 3.65× | ||
| Q4 24 | 4.05× | 2.12× | ||
| Q3 24 | 1.29× | 0.47× | ||
| Q2 24 | 2.46× | 1.93× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
