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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Rubrik, Inc. (RBRK). 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 $350.2M, roughly 1.7× Rubrik, Inc.). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -18.2%, a 6.6% gap on every dollar of revenue. On growth, Rubrik, Inc. posted the faster year-over-year revenue change (48.3% vs -72.6%). Rubrik, Inc. produced more free cash flow last quarter ($80.7M vs $43.2M).

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.

Rubrik, Inc. is an American cloud data management and data security company based in Palo Alto, California, founded in January 2014. The company is listed on the New York Stock Exchange after going public in April 2024.

NOG vs RBRK — Head-to-Head

Bigger by revenue
NOG
NOG
1.7× larger
NOG
$610.2M
$350.2M
RBRK
Growing faster (revenue YoY)
RBRK
RBRK
+120.8% gap
RBRK
48.3%
-72.6%
NOG
Higher net margin
NOG
NOG
6.6% more per $
NOG
-11.6%
-18.2%
RBRK
More free cash flow
RBRK
RBRK
$37.5M more FCF
RBRK
$80.7M
$43.2M
NOG

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
NOG
NOG
RBRK
RBRK
Revenue
$610.2M
$350.2M
Net Profit
$-70.7M
$-63.8M
Gross Margin
80.5%
Operating Margin
-21.6%
Net Margin
-11.6%
-18.2%
Revenue YoY
-72.6%
48.3%
Net Profit YoY
-198.7%
51.2%
EPS (diluted)
$-0.73
$-0.32

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
RBRK
RBRK
Q1 26
$610.2M
Q4 25
$610.2M
$350.2M
Q3 25
$556.6M
$309.9M
Q2 25
$706.8M
$278.5M
Q1 25
$602.1M
$258.1M
Q4 24
$515.0M
$236.2M
Q3 24
$753.6M
$205.0M
Q2 24
$560.8M
$187.3M
Net Profit
NOG
NOG
RBRK
RBRK
Q1 26
$-70.7M
Q4 25
$-70.7M
$-63.8M
Q3 25
$-129.1M
$-95.9M
Q2 25
$99.6M
$-102.1M
Q1 25
$139.0M
$-114.9M
Q4 24
$71.7M
$-130.9M
Q3 24
$298.4M
$-176.9M
Q2 24
$138.6M
$-732.1M
Gross Margin
NOG
NOG
RBRK
RBRK
Q1 26
Q4 25
80.4%
80.5%
Q3 25
78.7%
79.5%
Q2 25
82.8%
78.3%
Q1 25
81.1%
77.4%
Q4 24
77.4%
76.2%
Q3 24
85.8%
73.1%
Q2 24
82.0%
48.8%
Operating Margin
NOG
NOG
RBRK
RBRK
Q1 26
Q4 25
-5.5%
-21.6%
Q3 25
-22.6%
-30.5%
Q2 25
24.9%
-33.4%
Q1 25
38.1%
-45.0%
Q4 24
25.8%
-52.8%
Q3 24
57.6%
-82.1%
Q2 24
39.0%
-387.0%
Net Margin
NOG
NOG
RBRK
RBRK
Q1 26
-11.6%
Q4 25
-11.6%
-18.2%
Q3 25
-23.2%
-31.0%
Q2 25
14.1%
-36.7%
Q1 25
23.1%
-44.5%
Q4 24
13.9%
-55.4%
Q3 24
39.6%
-86.3%
Q2 24
24.7%
-390.8%
EPS (diluted)
NOG
NOG
RBRK
RBRK
Q1 26
$-0.73
Q4 25
$-0.67
$-0.32
Q3 25
$-1.33
$-0.49
Q2 25
$1.00
$-0.53
Q1 25
$1.39
$5.69
Q4 24
$0.71
$-0.71
Q3 24
$2.96
$-0.98
Q2 24
$1.36
$-11.48

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
RBRK
RBRK
Cash + ST InvestmentsLiquidity on hand
$14.3M
$307.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$-524.4M
Total Assets
$5.4B
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
RBRK
RBRK
Q1 26
$14.3M
Q4 25
$14.3M
$307.1M
Q3 25
$31.6M
$322.7M
Q2 25
$25.9M
$284.0M
Q1 25
$33.6M
$186.3M
Q4 24
$8.9M
$103.9M
Q3 24
$34.4M
$142.3M
Q2 24
$7.8M
$502.6M
Total Debt
NOG
NOG
RBRK
RBRK
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
RBRK
RBRK
Q1 26
$2.1B
Q4 25
$2.1B
$-524.4M
Q3 25
$2.2B
$-564.3M
Q2 25
$2.4B
$-556.5M
Q1 25
$2.4B
$-553.7M
Q4 24
$2.3B
$-521.1M
Q3 24
$2.3B
$-499.3M
Q2 24
$2.1B
$-514.6M
Total Assets
NOG
NOG
RBRK
RBRK
Q1 26
$5.4B
Q4 25
$5.4B
$2.5B
Q3 25
$5.5B
$2.4B
Q2 25
$5.7B
$1.5B
Q1 25
$5.7B
$1.4B
Q4 24
$5.6B
$1.3B
Q3 24
$5.1B
$1.2B
Q2 24
$4.7B
$1.2B
Debt / Equity
NOG
NOG
RBRK
RBRK
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
RBRK
RBRK
Operating Cash FlowLast quarter
$312.6M
$85.5M
Free Cash FlowOCF − Capex
$43.2M
$80.7M
FCF MarginFCF / Revenue
7.1%
23.1%
Capex IntensityCapex / Revenue
31.5%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$256.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
RBRK
RBRK
Q1 26
$312.6M
Q4 25
$312.6M
$85.5M
Q3 25
$423.1M
$64.7M
Q2 25
$362.1M
$39.7M
Q1 25
$407.4M
$83.6M
Q4 24
$290.3M
$23.1M
Q3 24
$385.8M
$-27.1M
Q2 24
$340.5M
$-31.4M
Free Cash Flow
NOG
NOG
RBRK
RBRK
Q1 26
$43.2M
Q4 25
$80.7M
Q3 25
$61.2M
Q2 25
$36.8M
Q1 25
$78.0M
Q4 24
$18.0M
Q3 24
$-29.7M
Q2 24
$-35.0M
FCF Margin
NOG
NOG
RBRK
RBRK
Q1 26
7.1%
Q4 25
23.1%
Q3 25
19.8%
Q2 25
13.2%
Q1 25
30.2%
Q4 24
7.6%
Q3 24
-14.5%
Q2 24
-18.7%
Capex Intensity
NOG
NOG
RBRK
RBRK
Q1 26
31.5%
Q4 25
1.4%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
2.2%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
1.9%
Cash Conversion
NOG
NOG
RBRK
RBRK
Q1 26
Q4 25
Q3 25
Q2 25
3.64×
Q1 25
2.93×
Q4 24
4.05×
Q3 24
1.29×
Q2 24
2.46×

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%

RBRK
RBRK

Subscription And Circulation$336.4M96%
Other$12.3M4%
Software And Services$4.9M1%
Maintenance$1.5M0%

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