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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.

UPBOUND GROUP, INC. is the larger business by last-quarter revenue ($1.2B vs $610.2M, roughly 2.0× NORTHERN OIL & GAS, INC.). UPBOUND GROUP, INC. runs the higher net margin — 1.7% vs -11.6%, a 13.2% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $24.0M). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.

Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.

NOG vs UPBD — Head-to-Head

Bigger by revenue
UPBD
UPBD
2.0× larger
UPBD
$1.2B
$610.2M
NOG
Growing faster (revenue YoY)
UPBD
UPBD
+83.4% gap
UPBD
10.9%
-72.6%
NOG
Higher net margin
UPBD
UPBD
13.2% more per $
UPBD
1.7%
-11.6%
NOG
More free cash flow
NOG
NOG
$19.2M more FCF
NOG
$43.2M
$24.0M
UPBD
Faster 2-yr revenue CAGR
UPBD
UPBD
Annualised
UPBD
4.5%
4.3%
NOG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NOG
NOG
UPBD
UPBD
Revenue
$610.2M
$1.2B
Net Profit
$-70.7M
$19.7M
Gross Margin
49.0%
Operating Margin
4.8%
Net Margin
-11.6%
1.7%
Revenue YoY
-72.6%
10.9%
Net Profit YoY
-198.7%
-36.3%
EPS (diluted)
$-0.73
$0.35

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
UPBD
UPBD
Q1 26
$610.2M
Q4 25
$610.2M
$1.2B
Q3 25
$556.6M
$1.2B
Q2 25
$706.8M
$1.2B
Q1 25
$602.1M
$1.2B
Q4 24
$515.0M
$1.1B
Q3 24
$753.6M
$1.1B
Q2 24
$560.8M
$1.1B
Net Profit
NOG
NOG
UPBD
UPBD
Q1 26
$-70.7M
Q4 25
$-70.7M
$19.7M
Q3 25
$-129.1M
$13.2M
Q2 25
$99.6M
$15.5M
Q1 25
$139.0M
$24.8M
Q4 24
$71.7M
$31.0M
Q3 24
$298.4M
$30.9M
Q2 24
$138.6M
$33.9M
Gross Margin
NOG
NOG
UPBD
UPBD
Q1 26
Q4 25
80.4%
49.0%
Q3 25
78.7%
48.3%
Q2 25
82.8%
49.4%
Q1 25
81.1%
46.8%
Q4 24
77.4%
47.1%
Q3 24
85.8%
47.8%
Q2 24
82.0%
49.4%
Operating Margin
NOG
NOG
UPBD
UPBD
Q1 26
Q4 25
-5.5%
4.8%
Q3 25
-22.6%
4.5%
Q2 25
24.9%
4.4%
Q1 25
38.1%
5.3%
Q4 24
25.8%
7.3%
Q3 24
57.6%
6.6%
Q2 24
39.0%
7.5%
Net Margin
NOG
NOG
UPBD
UPBD
Q1 26
-11.6%
Q4 25
-11.6%
1.7%
Q3 25
-23.2%
1.1%
Q2 25
14.1%
1.3%
Q1 25
23.1%
2.1%
Q4 24
13.9%
2.9%
Q3 24
39.6%
2.9%
Q2 24
24.7%
3.2%
EPS (diluted)
NOG
NOG
UPBD
UPBD
Q1 26
$-0.73
Q4 25
$-0.67
$0.35
Q3 25
$-1.33
$0.22
Q2 25
$1.00
$0.26
Q1 25
$1.39
$0.42
Q4 24
$0.71
$0.55
Q3 24
$2.96
$0.55
Q2 24
$1.36
$0.61

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
UPBD
UPBD
Cash + ST InvestmentsLiquidity on hand
$14.3M
$120.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$695.7M
Total Assets
$5.4B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
UPBD
UPBD
Q1 26
$14.3M
Q4 25
$14.3M
$120.5M
Q3 25
$31.6M
$107.0M
Q2 25
$25.9M
$106.8M
Q1 25
$33.6M
$107.3M
Q4 24
$8.9M
$60.9M
Q3 24
$34.4M
$85.1M
Q2 24
$7.8M
$82.5M
Total Debt
NOG
NOG
UPBD
UPBD
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
UPBD
UPBD
Q1 26
$2.1B
Q4 25
$2.1B
$695.7M
Q3 25
$2.2B
$687.3M
Q2 25
$2.4B
$685.5M
Q1 25
$2.4B
$679.2M
Q4 24
$2.3B
$629.0M
Q3 24
$2.3B
$611.8M
Q2 24
$2.1B
$596.3M
Total Assets
NOG
NOG
UPBD
UPBD
Q1 26
$5.4B
Q4 25
$5.4B
$3.3B
Q3 25
$5.5B
$3.2B
Q2 25
$5.7B
$3.1B
Q1 25
$5.7B
$3.0B
Q4 24
$5.6B
$2.6B
Q3 24
$5.1B
$2.6B
Q2 24
$4.7B
$2.6B
Debt / Equity
NOG
NOG
UPBD
UPBD
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
UPBD
UPBD
Operating Cash FlowLast quarter
$312.6M
$41.6M
Free Cash FlowOCF − Capex
$43.2M
$24.0M
FCF MarginFCF / Revenue
7.1%
2.0%
Capex IntensityCapex / Revenue
31.5%
1.5%
Cash ConversionOCF / Net Profit
2.11×
TTM Free Cash FlowTrailing 4 quarters
$238.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
UPBD
UPBD
Q1 26
$312.6M
Q4 25
$312.6M
$41.6M
Q3 25
$423.1M
$118.4M
Q2 25
$362.1M
$7.8M
Q1 25
$407.4M
$137.7M
Q4 24
$290.3M
$-61.9M
Q3 24
$385.8M
$106.2M
Q2 24
$340.5M
$15.0M
Free Cash Flow
NOG
NOG
UPBD
UPBD
Q1 26
$43.2M
Q4 25
$24.0M
Q3 25
$97.9M
Q2 25
$-10.4M
Q1 25
$127.2M
Q4 24
$-74.0M
Q3 24
$88.3M
Q2 24
$613.0K
FCF Margin
NOG
NOG
UPBD
UPBD
Q1 26
7.1%
Q4 25
2.0%
Q3 25
8.4%
Q2 25
-0.9%
Q1 25
10.8%
Q4 24
-6.9%
Q3 24
8.3%
Q2 24
0.1%
Capex Intensity
NOG
NOG
UPBD
UPBD
Q1 26
31.5%
Q4 25
1.5%
Q3 25
1.8%
Q2 25
1.6%
Q1 25
0.9%
Q4 24
1.1%
Q3 24
1.7%
Q2 24
1.3%
Cash Conversion
NOG
NOG
UPBD
UPBD
Q1 26
Q4 25
2.11×
Q3 25
8.96×
Q2 25
3.64×
0.50×
Q1 25
2.93×
5.56×
Q4 24
4.05×
-2.00×
Q3 24
1.29×
3.44×
Q2 24
2.46×
0.44×

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%

UPBD
UPBD

Segment breakdown not available.

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