vs
Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.4× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -11.6%, a 19.2% gap on every dollar of revenue. On growth, PEGASYSTEMS INC posted the faster year-over-year revenue change (-9.6% vs -72.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $43.2M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
NOG vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $430.0M |
| Net Profit | $-70.7M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | — | 8.6% |
| Net Margin | -11.6% | 7.6% |
| Revenue YoY | -72.6% | -9.6% |
| Net Profit YoY | -198.7% | — |
| EPS (diluted) | $-0.73 | $0.18 |
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 | $430.0M | ||
| Q4 25 | $610.2M | $504.3M | ||
| Q3 25 | $556.6M | $381.4M | ||
| Q2 25 | $706.8M | $384.5M | ||
| Q1 25 | $602.1M | $475.6M | ||
| Q4 24 | $515.0M | $490.8M | ||
| Q3 24 | $753.6M | $325.1M | ||
| Q2 24 | $560.8M | $351.2M |
| Q1 26 | $-70.7M | $32.8M | ||
| Q4 25 | $-70.7M | $234.6M | ||
| Q3 25 | $-129.1M | $43.4M | ||
| Q2 25 | $99.6M | $30.1M | ||
| Q1 25 | $139.0M | $85.4M | ||
| Q4 24 | $71.7M | $119.1M | ||
| Q3 24 | $298.4M | $-14.4M | ||
| Q2 24 | $138.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 80.4% | 79.5% | ||
| Q3 25 | 78.7% | 72.2% | ||
| Q2 25 | 82.8% | 71.5% | ||
| Q1 25 | 81.1% | 78.5% | ||
| Q4 24 | 77.4% | 79.1% | ||
| Q3 24 | 85.8% | 70.2% | ||
| Q2 24 | 82.0% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -5.5% | 20.7% | ||
| Q3 25 | -22.6% | 3.8% | ||
| Q2 25 | 24.9% | 4.5% | ||
| Q1 25 | 38.1% | 26.7% | ||
| Q4 24 | 25.8% | 29.1% | ||
| Q3 24 | 57.6% | -3.6% | ||
| Q2 24 | 39.0% | 3.7% |
| Q1 26 | -11.6% | 7.6% | ||
| Q4 25 | -11.6% | 46.5% | ||
| Q3 25 | -23.2% | 11.4% | ||
| Q2 25 | 14.1% | 7.8% | ||
| Q1 25 | 23.1% | 18.0% | ||
| Q4 24 | 13.9% | 24.3% | ||
| Q3 24 | 39.6% | -4.4% | ||
| Q2 24 | 24.7% | 1.9% |
| Q1 26 | $-0.73 | $0.18 | ||
| Q4 25 | $-0.67 | $0.81 | ||
| Q3 25 | $-1.33 | $0.24 | ||
| Q2 25 | $1.00 | $0.17 | ||
| Q1 25 | $1.39 | $0.91 | ||
| Q4 24 | $0.71 | $1.35 | ||
| Q3 24 | $2.96 | $-0.17 | ||
| 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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $705.9M |
| Total Assets | $5.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | $270.0M | ||
| Q4 25 | $14.3M | $425.8M | ||
| Q3 25 | $31.6M | $351.4M | ||
| Q2 25 | $25.9M | $411.6M | ||
| Q1 25 | $33.6M | $371.7M | ||
| Q4 24 | $8.9M | $740.0M | ||
| Q3 24 | $34.4M | $703.0M | ||
| Q2 24 | $7.8M | $665.1M |
| 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 | $705.9M | ||
| Q4 25 | $2.1B | $787.4M | ||
| Q3 25 | $2.2B | $596.8M | ||
| Q2 25 | $2.4B | $624.5M | ||
| Q1 25 | $2.4B | $611.3M | ||
| Q4 24 | $2.3B | $585.5M | ||
| Q3 24 | $2.3B | $473.0M | ||
| Q2 24 | $2.1B | $435.4M |
| Q1 26 | $5.4B | $1.6B | ||
| Q4 25 | $5.4B | $1.6B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.7B | $1.3B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.6B | $1.8B | ||
| Q3 24 | $5.1B | $1.6B | ||
| Q2 24 | $4.7B | $1.5B |
| 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 | — |
| Free Cash FlowOCF − Capex | $43.2M | $206.5M |
| FCF MarginFCF / Revenue | 7.1% | 48.0% |
| Capex IntensityCapex / Revenue | 31.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $158.4M | ||
| Q3 25 | $423.1M | $56.3M | ||
| Q2 25 | $362.1M | $86.3M | ||
| Q1 25 | $407.4M | $204.2M | ||
| Q4 24 | $290.3M | $95.2M | ||
| Q3 24 | $385.8M | $30.5M | ||
| Q2 24 | $340.5M | $40.1M |
| Q1 26 | $43.2M | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | — | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $27.4M | ||
| Q2 24 | — | $38.8M |
| Q1 26 | 7.1% | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 3.64× | 2.87× | ||
| Q1 25 | 2.93× | 2.39× | ||
| Q4 24 | 4.05× | 0.80× | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 2.46× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
