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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $610.2M, roughly 1.5× NORTHERN OIL & GAS, INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs -72.6%). PHINIA INC. produced more free cash flow last quarter ($67.0M vs $43.2M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 1.5%).
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
NOG vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $889.0M |
| Net Profit | $-70.7M | — |
| Gross Margin | — | 21.7% |
| Operating Margin | — | 7.8% |
| Net Margin | -11.6% | — |
| Revenue YoY | -72.6% | 6.7% |
| Net Profit YoY | -198.7% | — |
| EPS (diluted) | $-0.73 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $556.6M | $908.0M | ||
| Q2 25 | $706.8M | $890.0M | ||
| Q1 25 | $602.1M | $796.0M | ||
| Q4 24 | $515.0M | $833.0M | ||
| Q3 24 | $753.6M | $839.0M | ||
| Q2 24 | $560.8M | $868.0M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | — | ||
| Q3 25 | $-129.1M | $13.0M | ||
| Q2 25 | $99.6M | $46.0M | ||
| Q1 25 | $139.0M | $26.0M | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $298.4M | $31.0M | ||
| Q2 24 | $138.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 21.7% | ||
| Q3 25 | 78.7% | 22.0% | ||
| Q2 25 | 82.8% | 22.1% | ||
| Q1 25 | 81.1% | 21.6% | ||
| Q4 24 | 77.4% | 22.7% | ||
| Q3 24 | 85.8% | 22.3% | ||
| Q2 24 | 82.0% | 21.7% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 7.8% | ||
| Q3 25 | -22.6% | 3.7% | ||
| Q2 25 | 24.9% | 10.0% | ||
| Q1 25 | 38.1% | 7.8% | ||
| Q4 24 | 25.8% | 6.1% | ||
| Q3 24 | 57.6% | 7.9% | ||
| Q2 24 | 39.0% | 8.2% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | — | ||
| Q3 25 | -23.2% | 1.4% | ||
| Q2 25 | 14.1% | 5.2% | ||
| Q1 25 | 23.1% | 3.3% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 39.6% | 3.7% | ||
| Q2 24 | 24.7% | 1.6% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $1.14 | ||
| Q3 25 | $-1.33 | $0.33 | ||
| Q2 25 | $1.00 | $1.14 | ||
| Q1 25 | $1.39 | $0.63 | ||
| Q4 24 | $0.71 | $0.13 | ||
| Q3 24 | $2.96 | $0.70 | ||
| Q2 24 | $1.36 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $2.1B | $1.6B |
| Total Assets | $5.4B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $359.0M | ||
| Q3 25 | $31.6M | $349.0M | ||
| Q2 25 | $25.9M | $347.0M | ||
| Q1 25 | $33.6M | $373.0M | ||
| Q4 24 | $8.9M | $484.0M | ||
| Q3 24 | $34.4M | $477.0M | ||
| Q2 24 | $7.8M | $339.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $970.0M | ||
| Q3 25 | $2.3B | $990.0M | ||
| Q2 25 | $2.4B | $990.0M | ||
| Q1 25 | $2.3B | $989.0M | ||
| Q4 24 | $2.4B | $988.0M | ||
| Q3 24 | $2.0B | $987.0M | ||
| Q2 24 | $1.9B | $821.0M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.5B | $4.0B | ||
| Q2 25 | $5.7B | $3.9B | ||
| Q1 25 | $5.7B | $3.7B | ||
| Q4 24 | $5.6B | $3.8B | ||
| Q3 24 | $5.1B | $4.0B | ||
| Q2 24 | $4.7B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 0.61× | ||
| Q3 25 | 1.05× | 0.62× | ||
| Q2 25 | 0.98× | 0.61× | ||
| Q1 25 | 0.96× | 0.64× | ||
| Q4 24 | 1.02× | 0.63× | ||
| Q3 24 | 0.84× | 0.58× | ||
| Q2 24 | 0.91× | 0.47× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | $43.2M | $67.0M |
| FCF MarginFCF / Revenue | 7.1% | 7.5% |
| Capex IntensityCapex / Revenue | 31.5% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $96.0M | ||
| Q3 25 | $423.1M | $119.0M | ||
| Q2 25 | $362.1M | $57.0M | ||
| Q1 25 | $407.4M | $40.0M | ||
| Q4 24 | $290.3M | $73.0M | ||
| Q3 24 | $385.8M | $95.0M | ||
| Q2 24 | $340.5M | $109.0M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $93.0M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $92.0M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 10.6% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | 3.64× | 1.24× | ||
| Q1 25 | 2.93× | 1.54× | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 1.29× | 3.06× | ||
| Q2 24 | 2.46× | 7.79× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
