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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and UDR, Inc. (UDR). 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 $425.8M, roughly 1.4× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -11.6%, a 56.2% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs 1.3%).
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
NOG vs UDR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $425.8M |
| Net Profit | $-70.7M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | — | 54.0% |
| Net Margin | -11.6% | 44.6% |
| Revenue YoY | -72.6% | 0.9% |
| Net Profit YoY | -198.7% | 147.2% |
| EPS (diluted) | $-0.73 | $0.63 |
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 | $425.8M | ||
| Q4 25 | $610.2M | $433.1M | ||
| Q3 25 | $556.6M | $431.9M | ||
| Q2 25 | $706.8M | $425.4M | ||
| Q1 25 | $602.1M | $421.9M | ||
| Q4 24 | $515.0M | $422.7M | ||
| Q3 24 | $753.6M | $420.2M | ||
| Q2 24 | $560.8M | $415.3M |
| Q1 26 | $-70.7M | $189.8M | ||
| Q4 25 | $-70.7M | $222.9M | ||
| Q3 25 | $-129.1M | $40.4M | ||
| Q2 25 | $99.6M | $37.7M | ||
| Q1 25 | $139.0M | $76.7M | ||
| Q4 24 | $71.7M | $-5.0M | ||
| Q3 24 | $298.4M | $22.6M | ||
| Q2 24 | $138.6M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 78.7% | — | ||
| Q2 25 | 82.8% | — | ||
| Q1 25 | 81.1% | — | ||
| Q4 24 | 77.4% | — | ||
| Q3 24 | 85.8% | — | ||
| Q2 24 | 82.0% | — |
| Q1 26 | — | 54.0% | ||
| Q4 25 | -5.5% | 64.1% | ||
| Q3 25 | -22.6% | 17.7% | ||
| Q2 25 | 24.9% | 18.2% | ||
| Q1 25 | 38.1% | 29.0% | ||
| Q4 24 | 25.8% | 15.7% | ||
| Q3 24 | 57.6% | 16.6% | ||
| Q2 24 | 39.0% | 16.5% |
| Q1 26 | -11.6% | 44.6% | ||
| Q4 25 | -11.6% | 51.5% | ||
| Q3 25 | -23.2% | 9.4% | ||
| Q2 25 | 14.1% | 8.9% | ||
| Q1 25 | 23.1% | 18.2% | ||
| Q4 24 | 13.9% | -220.5% | ||
| Q3 24 | 39.6% | 5.4% | ||
| Q2 24 | 24.7% | 7.0% |
| Q1 26 | $-0.73 | $0.63 | ||
| Q4 25 | $-0.67 | $0.67 | ||
| Q3 25 | $-1.33 | $0.12 | ||
| Q2 25 | $1.00 | $0.11 | ||
| Q1 25 | $1.39 | $0.23 | ||
| Q4 24 | $0.71 | $-0.01 | ||
| Q3 24 | $2.96 | $0.06 | ||
| Q2 24 | $1.36 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $3.3B |
| Total Assets | $5.4B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | $1.3M | ||
| Q4 25 | $14.3M | $1.2M | ||
| Q3 25 | $31.6M | $1.2M | ||
| Q2 25 | $25.9M | $1.5M | ||
| Q1 25 | $33.6M | $1.3M | ||
| Q4 24 | $8.9M | $1.3M | ||
| Q3 24 | $34.4M | $2.3M | ||
| Q2 24 | $7.8M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $5.8B | ||
| Q3 25 | $2.3B | $5.8B | ||
| Q2 25 | $2.4B | $5.8B | ||
| Q1 25 | $2.3B | $5.8B | ||
| Q4 24 | $2.4B | $5.8B | ||
| Q3 24 | $2.0B | $5.9B | ||
| Q2 24 | $1.9B | $5.8B |
| Q1 26 | $2.1B | $3.3B | ||
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.2B | $3.3B | ||
| Q2 25 | $2.4B | $3.3B | ||
| Q1 25 | $2.4B | $3.3B | ||
| Q4 24 | $2.3B | $3.4B | ||
| Q3 24 | $2.3B | $3.5B | ||
| Q2 24 | $2.1B | $3.7B |
| Q1 26 | $5.4B | $10.3B | ||
| Q4 25 | $5.4B | $10.6B | ||
| Q3 25 | $5.5B | $10.6B | ||
| Q2 25 | $5.7B | $10.6B | ||
| Q1 25 | $5.7B | $10.7B | ||
| Q4 24 | $5.6B | $10.9B | ||
| Q3 24 | $5.1B | $11.1B | ||
| Q2 24 | $4.7B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 1.77× | ||
| Q3 25 | 1.05× | 1.78× | ||
| Q2 25 | 0.98× | 1.74× | ||
| Q1 25 | 0.96× | 1.74× | ||
| Q4 24 | 1.02× | 1.69× | ||
| Q3 24 | 0.84× | 1.67× | ||
| Q2 24 | 0.91× | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | $43.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 31.5% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $902.9M | ||
| Q3 25 | $423.1M | $234.9M | ||
| Q2 25 | $362.1M | $250.3M | ||
| Q1 25 | $407.4M | $156.2M | ||
| Q4 24 | $290.3M | $876.8M | ||
| Q3 24 | $385.8M | $230.3M | ||
| Q2 24 | $340.5M | $238.5M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | — | $164.6M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $103.2M | ||
| Q4 24 | — | $627.0M | ||
| Q3 24 | — | $161.3M | ||
| Q2 24 | — | $171.1M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 150.1% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 148.3% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 41.2% |
| Q1 26 | 31.5% | 4.9% | ||
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 59.1% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | 3.64× | 6.64× | ||
| Q1 25 | 2.93× | 2.04× | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 1.29× | 10.19× | ||
| Q2 24 | 2.46× | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
