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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $610.2M, roughly 1.3× NORTHERN OIL & GAS, INC.). Construction Partners, Inc. runs the higher net margin — 2.1% vs -11.6%, a 13.7% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs -72.6%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $43.2M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
NOG vs ROAD — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $809.5M |
| Net Profit | $-70.7M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | — | 6.2% |
| Net Margin | -11.6% | 2.1% |
| Revenue YoY | -72.6% | 44.1% |
| Net Profit YoY | -198.7% | 663.9% |
| EPS (diluted) | $-0.73 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $556.6M | $899.8M | ||
| Q2 25 | $706.8M | $779.3M | ||
| Q1 25 | $602.1M | $571.6M | ||
| Q4 24 | $515.0M | $561.6M | ||
| Q3 24 | $753.6M | $538.2M | ||
| Q2 24 | $560.8M | $517.8M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $17.2M | ||
| Q3 25 | $-129.1M | $56.6M | ||
| Q2 25 | $99.6M | $44.0M | ||
| Q1 25 | $139.0M | $4.2M | ||
| Q4 24 | $71.7M | $-3.1M | ||
| Q3 24 | $298.4M | $29.3M | ||
| Q2 24 | $138.6M | $30.9M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 15.0% | ||
| Q3 25 | 78.7% | 17.7% | ||
| Q2 25 | 82.8% | 16.9% | ||
| Q1 25 | 81.1% | 12.5% | ||
| Q4 24 | 77.4% | 13.6% | ||
| Q3 24 | 85.8% | 15.6% | ||
| Q2 24 | 82.0% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 6.2% | ||
| Q3 25 | -22.6% | 11.2% | ||
| Q2 25 | 24.9% | 10.6% | ||
| Q1 25 | 38.1% | 4.8% | ||
| Q4 24 | 25.8% | 2.5% | ||
| Q3 24 | 57.6% | 8.5% | ||
| Q2 24 | 39.0% | 8.8% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 2.1% | ||
| Q3 25 | -23.2% | 6.3% | ||
| Q2 25 | 14.1% | 5.7% | ||
| Q1 25 | 23.1% | 0.7% | ||
| Q4 24 | 13.9% | -0.5% | ||
| Q3 24 | 39.6% | 5.4% | ||
| Q2 24 | 24.7% | 6.0% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.31 | ||
| Q3 25 | $-1.33 | $1.03 | ||
| Q2 25 | $1.00 | $0.79 | ||
| Q1 25 | $1.39 | $0.08 | ||
| Q4 24 | $0.71 | $-0.06 | ||
| Q3 24 | $2.96 | $0.55 | ||
| Q2 24 | $1.36 | $0.59 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $969.1M |
| Total Assets | $5.4B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $104.1M | ||
| Q3 25 | $31.6M | $156.1M | ||
| Q2 25 | $25.9M | $114.3M | ||
| Q1 25 | $33.6M | $101.9M | ||
| Q4 24 | $8.9M | $132.5M | ||
| Q3 24 | $34.4M | $74.7M | ||
| Q2 24 | $7.8M | $56.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.0B | $515.0M | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $969.1M | ||
| Q3 25 | $2.2B | $912.0M | ||
| Q2 25 | $2.4B | $853.3M | ||
| Q1 25 | $2.4B | $807.9M | ||
| Q4 24 | $2.3B | $811.1M | ||
| Q3 24 | $2.3B | $573.7M | ||
| Q2 24 | $2.1B | $552.9M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $3.4B | ||
| Q3 25 | $5.5B | $3.2B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.7B | $2.8B | ||
| Q4 24 | $5.6B | $2.6B | ||
| Q3 24 | $5.1B | $1.5B | ||
| Q2 24 | $4.7B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.05× | 1.78× | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.84× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $43.2M | $47.1M |
| FCF MarginFCF / Revenue | 7.1% | 5.8% |
| Capex IntensityCapex / Revenue | 31.5% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $82.6M | ||
| Q3 25 | $423.1M | $112.0M | ||
| Q2 25 | $362.1M | $83.0M | ||
| Q1 25 | $407.4M | $55.6M | ||
| Q4 24 | $290.3M | $40.7M | ||
| Q3 24 | $385.8M | $95.9M | ||
| Q2 24 | $340.5M | $34.6M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $78.9M | ||
| Q2 25 | — | $46.4M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | 3.64× | 1.88× | ||
| Q1 25 | 2.93× | 13.20× | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 1.29× | 3.27× | ||
| Q2 24 | 2.46× | 1.12× |
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% |
ROAD
Segment breakdown not available.
