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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and UNITED FIRE GROUP INC (UFCS). 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 $365.8M, roughly 1.7× UNITED FIRE GROUP INC). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs -72.6%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% 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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

NOG vs UFCS — Head-to-Head

Bigger by revenue
NOG
NOG
1.7× larger
NOG
$610.2M
$365.8M
UFCS
Growing faster (revenue YoY)
UFCS
UFCS
+82.4% gap
UFCS
9.8%
-72.6%
NOG
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
4.3%
NOG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NOG
NOG
UFCS
UFCS
Revenue
$610.2M
$365.8M
Net Profit
$-70.7M
Gross Margin
Operating Margin
13.2%
Net Margin
-11.6%
Revenue YoY
-72.6%
9.8%
Net Profit YoY
-198.7%
EPS (diluted)
$-0.73
$1.45

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
UFCS
UFCS
Q1 26
$610.2M
Q4 25
$610.2M
$365.8M
Q3 25
$556.6M
$354.0M
Q2 25
$706.8M
$335.5M
Q1 25
$602.1M
$331.1M
Q4 24
$515.0M
$333.2M
Q3 24
$753.6M
$323.0M
Q2 24
$560.8M
$301.2M
Net Profit
NOG
NOG
UFCS
UFCS
Q1 26
$-70.7M
Q4 25
$-70.7M
Q3 25
$-129.1M
$39.2M
Q2 25
$99.6M
$22.9M
Q1 25
$139.0M
$17.7M
Q4 24
$71.7M
Q3 24
$298.4M
$19.7M
Q2 24
$138.6M
$-2.7M
Gross Margin
NOG
NOG
UFCS
UFCS
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%
Operating Margin
NOG
NOG
UFCS
UFCS
Q1 26
Q4 25
-5.5%
13.2%
Q3 25
-22.6%
13.7%
Q2 25
24.9%
8.7%
Q1 25
38.1%
6.6%
Q4 24
25.8%
11.9%
Q3 24
57.6%
7.7%
Q2 24
39.0%
-1.3%
Net Margin
NOG
NOG
UFCS
UFCS
Q1 26
-11.6%
Q4 25
-11.6%
Q3 25
-23.2%
11.1%
Q2 25
14.1%
6.8%
Q1 25
23.1%
5.3%
Q4 24
13.9%
Q3 24
39.6%
6.1%
Q2 24
24.7%
-0.9%
EPS (diluted)
NOG
NOG
UFCS
UFCS
Q1 26
$-0.73
Q4 25
$-0.67
$1.45
Q3 25
$-1.33
$1.49
Q2 25
$1.00
$0.87
Q1 25
$1.39
$0.67
Q4 24
$0.71
$1.22
Q3 24
$2.96
$0.76
Q2 24
$1.36
$-0.11

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$14.3M
$156.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$941.2M
Total Assets
$5.4B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
UFCS
UFCS
Q1 26
$14.3M
Q4 25
$14.3M
$156.3M
Q3 25
$31.6M
$233.7M
Q2 25
$25.9M
$202.1M
Q1 25
$33.6M
$183.7M
Q4 24
$8.9M
$200.9M
Q3 24
$34.4M
$197.4M
Q2 24
$7.8M
$153.4M
Total Debt
NOG
NOG
UFCS
UFCS
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
UFCS
UFCS
Q1 26
$2.1B
Q4 25
$2.1B
$941.2M
Q3 25
$2.2B
$898.7M
Q2 25
$2.4B
$845.7M
Q1 25
$2.4B
$817.7M
Q4 24
$2.3B
$781.5M
Q3 24
$2.3B
$785.8M
Q2 24
$2.1B
$726.6M
Total Assets
NOG
NOG
UFCS
UFCS
Q1 26
$5.4B
Q4 25
$5.4B
$3.8B
Q3 25
$5.5B
$3.8B
Q2 25
$5.7B
$3.7B
Q1 25
$5.7B
$3.5B
Q4 24
$5.6B
$3.5B
Q3 24
$5.1B
$3.5B
Q2 24
$4.7B
$3.4B
Debt / Equity
NOG
NOG
UFCS
UFCS
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
UFCS
UFCS
Operating Cash FlowLast quarter
$312.6M
$269.7M
Free Cash FlowOCF − Capex
$43.2M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
31.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
UFCS
UFCS
Q1 26
$312.6M
Q4 25
$312.6M
$269.7M
Q3 25
$423.1M
$60.8M
Q2 25
$362.1M
$53.4M
Q1 25
$407.4M
$35.7M
Q4 24
$290.3M
$340.3M
Q3 24
$385.8M
$56.5M
Q2 24
$340.5M
$91.3M
Free Cash Flow
NOG
NOG
UFCS
UFCS
Q1 26
$43.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
NOG
NOG
UFCS
UFCS
Q1 26
7.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
NOG
NOG
UFCS
UFCS
Q1 26
31.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
NOG
NOG
UFCS
UFCS
Q1 26
Q4 25
Q3 25
1.55×
Q2 25
3.64×
2.33×
Q1 25
2.93×
2.02×
Q4 24
4.05×
Q3 24
1.29×
2.86×
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%

UFCS
UFCS

Segment breakdown not available.

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