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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $610.2M, roughly 2.0× NORTHERN OIL & GAS, INC.). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -24.2%, a 12.6% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs -72.6%). Snowflake Inc. produced more free cash flow last quarter ($113.6M vs $43.2M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
NOG vs SNOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $1.2B |
| Net Profit | $-70.7M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | — | -27.2% |
| Net Margin | -11.6% | -24.2% |
| Revenue YoY | -72.6% | 28.7% |
| Net Profit YoY | -198.7% | 9.4% |
| EPS (diluted) | $-0.73 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $556.6M | $1.1B | ||
| Q2 25 | $706.8M | $1.0B | ||
| Q1 25 | $602.1M | $986.8M | ||
| Q4 24 | $515.0M | $942.1M | ||
| Q3 24 | $753.6M | $868.8M | ||
| Q2 24 | $560.8M | $828.7M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $-294.0M | ||
| Q3 25 | $-129.1M | $-298.0M | ||
| Q2 25 | $99.6M | $-430.1M | ||
| Q1 25 | $139.0M | $-327.5M | ||
| Q4 24 | $71.7M | $-324.3M | ||
| Q3 24 | $298.4M | $-316.9M | ||
| Q2 24 | $138.6M | $-317.0M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 67.8% | ||
| Q3 25 | 78.7% | 67.5% | ||
| Q2 25 | 82.8% | 66.5% | ||
| Q1 25 | 81.1% | 66.2% | ||
| Q4 24 | 77.4% | 65.9% | ||
| Q3 24 | 85.8% | 66.8% | ||
| Q2 24 | 82.0% | 67.1% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -27.2% | ||
| Q3 25 | -22.6% | -29.7% | ||
| Q2 25 | 24.9% | -42.9% | ||
| Q1 25 | 38.1% | -39.2% | ||
| Q4 24 | 25.8% | -38.8% | ||
| Q3 24 | 57.6% | -40.9% | ||
| Q2 24 | 39.0% | -42.1% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | -24.2% | ||
| Q3 25 | -23.2% | -26.0% | ||
| Q2 25 | 14.1% | -41.3% | ||
| Q1 25 | 23.1% | -33.2% | ||
| Q4 24 | 13.9% | -34.4% | ||
| Q3 24 | 39.6% | -36.5% | ||
| Q2 24 | 24.7% | -38.3% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $-0.87 | ||
| Q3 25 | $-1.33 | $-0.89 | ||
| Q2 25 | $1.00 | $-1.29 | ||
| Q1 25 | $1.39 | $-0.98 | ||
| Q4 24 | $0.71 | $-0.98 | ||
| Q3 24 | $2.96 | $-0.95 | ||
| Q2 24 | $1.36 | $-0.95 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $2.1B |
| Total Assets | $5.4B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $1.9B | ||
| Q3 25 | $31.6M | $1.9B | ||
| Q2 25 | $25.9M | $2.2B | ||
| Q1 25 | $33.6M | $2.6B | ||
| Q4 24 | $8.9M | $2.1B | ||
| Q3 24 | $34.4M | $1.3B | ||
| Q2 24 | $7.8M | $1.3B |
| 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 | $2.1B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $2.4B | $2.4B | ||
| Q1 25 | $2.4B | $3.0B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.1B | $4.6B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $8.2B | ||
| Q3 25 | $5.5B | $8.2B | ||
| Q2 25 | $5.7B | $8.2B | ||
| Q1 25 | $5.7B | $9.0B | ||
| Q4 24 | $5.6B | $8.2B | ||
| Q3 24 | $5.1B | $6.9B | ||
| Q2 24 | $4.7B | $7.3B |
| 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 | $137.5M |
| Free Cash FlowOCF − Capex | $43.2M | $113.6M |
| FCF MarginFCF / Revenue | 7.1% | 9.4% |
| Capex IntensityCapex / Revenue | 31.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $137.5M | ||
| Q3 25 | $423.1M | $74.9M | ||
| Q2 25 | $362.1M | $228.4M | ||
| Q1 25 | $407.4M | $432.7M | ||
| Q4 24 | $290.3M | $101.7M | ||
| Q3 24 | $385.8M | $69.9M | ||
| Q2 24 | $340.5M | $355.5M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% |
| 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
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
