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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and TRUPANION, INC. (TRUP). 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 $376.9M, roughly 1.6× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
NOG vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $376.9M |
| Net Profit | $-70.7M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | — | 1.9% |
| Net Margin | -11.6% | — |
| Revenue YoY | -72.6% | 11.7% |
| Net Profit YoY | -198.7% | — |
| EPS (diluted) | $-0.73 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $556.6M | $366.9M | ||
| Q2 25 | $706.8M | $353.6M | ||
| Q1 25 | $602.1M | $342.0M | ||
| Q4 24 | $515.0M | $337.3M | ||
| Q3 24 | $753.6M | $327.5M | ||
| Q2 24 | $560.8M | $314.8M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | — | ||
| Q3 25 | $-129.1M | — | ||
| Q2 25 | $99.6M | — | ||
| Q1 25 | $139.0M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $298.4M | — | ||
| Q2 24 | $138.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 17.3% | ||
| Q3 25 | 78.7% | 16.4% | ||
| Q2 25 | 82.8% | 15.5% | ||
| Q1 25 | 81.1% | 14.9% | ||
| Q4 24 | 77.4% | 15.7% | ||
| Q3 24 | 85.8% | 15.1% | ||
| Q2 24 | 82.0% | 12.8% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 1.9% | ||
| Q3 25 | -22.6% | 1.6% | ||
| Q2 25 | 24.9% | 0.7% | ||
| Q1 25 | 38.1% | -0.4% | ||
| Q4 24 | 25.8% | 0.1% | ||
| Q3 24 | 57.6% | 0.5% | ||
| Q2 24 | 39.0% | -1.7% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | — | ||
| Q3 25 | -23.2% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 39.6% | — | ||
| Q2 24 | 24.7% | — |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.13 | ||
| Q3 25 | $-1.33 | $0.13 | ||
| Q2 25 | $1.00 | $0.22 | ||
| Q1 25 | $1.39 | $-0.03 | ||
| Q4 24 | $0.71 | $0.04 | ||
| Q3 24 | $2.96 | $0.03 | ||
| Q2 24 | $1.36 | $-0.14 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $2.1B | $383.9M |
| Total Assets | $5.4B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $370.7M | ||
| Q3 25 | $31.6M | $348.5M | ||
| Q2 25 | $25.9M | $319.6M | ||
| Q1 25 | $33.6M | $321.8M | ||
| Q4 24 | $8.9M | $307.4M | ||
| Q3 24 | $34.4M | $293.1M | ||
| Q2 24 | $7.8M | $277.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $101.8M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | $127.5M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $383.9M | ||
| Q3 25 | $2.2B | $368.6M | ||
| Q2 25 | $2.4B | $355.5M | ||
| Q1 25 | $2.4B | $333.7M | ||
| Q4 24 | $2.3B | $323.3M | ||
| Q3 24 | $2.3B | $320.2M | ||
| Q2 24 | $2.1B | $305.8M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $915.0M | ||
| Q3 25 | $5.5B | $880.2M | ||
| Q2 25 | $5.7B | $847.8M | ||
| Q1 25 | $5.7B | $837.2M | ||
| Q4 24 | $5.6B | $806.9M | ||
| Q3 24 | $5.1B | $816.1M | ||
| Q2 24 | $4.7B | $795.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 0.27× | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.02× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $43.2M | $25.3M |
| FCF MarginFCF / Revenue | 7.1% | 6.7% |
| Capex IntensityCapex / Revenue | 31.5% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $29.3M | ||
| Q3 25 | $423.1M | $29.2M | ||
| Q2 25 | $362.1M | $15.0M | ||
| Q1 25 | $407.4M | $16.0M | ||
| Q4 24 | $290.3M | $23.7M | ||
| Q3 24 | $385.8M | $15.3M | ||
| Q2 24 | $340.5M | $6.9M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $23.9M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $4.0M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% |
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
