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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and Walker & Dunlop, Inc. (WD). 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 $340.0M, roughly 1.8× Walker & Dunlop, Inc.). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -12.9%, a 1.3% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
NOG vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $340.0M |
| Net Profit | $-70.7M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | — | -17.2% |
| Net Margin | -11.6% | -12.9% |
| Revenue YoY | -72.6% | -0.4% |
| Net Profit YoY | -198.7% | -131.0% |
| EPS (diluted) | $-0.73 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $556.6M | $337.7M | ||
| Q2 25 | $706.8M | $319.2M | ||
| Q1 25 | $602.1M | $237.4M | ||
| Q4 24 | $515.0M | $341.5M | ||
| Q3 24 | $753.6M | $292.3M | ||
| Q2 24 | $560.8M | $270.7M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $-13.9M | ||
| Q3 25 | $-129.1M | $33.5M | ||
| Q2 25 | $99.6M | $34.0M | ||
| Q1 25 | $139.0M | $2.8M | ||
| Q4 24 | $71.7M | $44.8M | ||
| Q3 24 | $298.4M | $28.8M | ||
| Q2 24 | $138.6M | $22.7M |
| 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 | — | — | ||
| Q4 25 | -5.5% | -17.2% | ||
| Q3 25 | -22.6% | 13.6% | ||
| Q2 25 | 24.9% | 14.5% | ||
| Q1 25 | 38.1% | 2.2% | ||
| Q4 24 | 25.8% | 15.3% | ||
| Q3 24 | 57.6% | 12.8% | ||
| Q2 24 | 39.0% | 10.4% |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | -12.9% | ||
| Q3 25 | -23.2% | 9.9% | ||
| Q2 25 | 14.1% | 10.6% | ||
| Q1 25 | 23.1% | 1.2% | ||
| Q4 24 | 13.9% | 13.1% | ||
| Q3 24 | 39.6% | 9.9% | ||
| Q2 24 | 24.7% | 8.4% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $-0.41 | ||
| Q3 25 | $-1.33 | $0.98 | ||
| Q2 25 | $1.00 | $0.99 | ||
| Q1 25 | $1.39 | $0.08 | ||
| Q4 24 | $0.71 | $1.32 | ||
| Q3 24 | $2.96 | $0.85 | ||
| Q2 24 | $1.36 | $0.67 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.7B |
| Total Assets | $5.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $299.3M | ||
| Q3 25 | $31.6M | $274.8M | ||
| Q2 25 | $25.9M | $233.7M | ||
| Q1 25 | $33.6M | $181.0M | ||
| Q4 24 | $8.9M | $279.3M | ||
| Q3 24 | $34.4M | $179.8M | ||
| Q2 24 | $7.8M | $208.1M |
| 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 | $1.7B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $5.1B | ||
| Q3 25 | $5.5B | $5.8B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | $5.7B | $4.5B | ||
| Q4 24 | $5.6B | $4.4B | ||
| Q3 24 | $5.1B | $4.6B | ||
| Q2 24 | $4.7B | $4.2B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $43.2M | $-680.1M |
| FCF MarginFCF / Revenue | 7.1% | -200.0% |
| Capex IntensityCapex / Revenue | 31.5% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $-664.3M | ||
| Q3 25 | $423.1M | $-948.1M | ||
| Q2 25 | $362.1M | $-238.5M | ||
| Q1 25 | $407.4M | $-281.1M | ||
| Q4 24 | $290.3M | $129.4M | ||
| Q3 24 | $385.8M | $-202.0M | ||
| Q2 24 | $340.5M | $-237.8M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 3.64× | -7.02× | ||
| Q1 25 | 2.93× | -102.07× | ||
| Q4 24 | 4.05× | 2.89× | ||
| Q3 24 | 1.29× | -7.01× | ||
| Q2 24 | 2.46× | -10.49× |
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% |
WD
Segment breakdown not available.
