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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 1.8× WYNDHAM HOTELS & RESORTS, INC.). NORTHERN OIL & GAS, INC. runs the higher net margin — -11.6% vs -18.0%, a 6.4% gap on every dollar of revenue. On growth, NORTHERN OIL & GAS, INC. posted the faster year-over-year revenue change (-72.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $43.2M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -4.6%).

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

NOG vs WH — Head-to-Head

Bigger by revenue
NOG
NOG
1.8× larger
NOG
$610.2M
$334.0M
WH
Growing faster (revenue YoY)
NOG
NOG
+3.7% gap
NOG
-72.6%
-76.3%
WH
Higher net margin
NOG
NOG
6.4% more per $
NOG
-11.6%
-18.0%
WH
More free cash flow
WH
WH
$124.8M more FCF
WH
$168.0M
$43.2M
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-4.6%
WH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NOG
NOG
WH
WH
Revenue
$610.2M
$334.0M
Net Profit
$-70.7M
$-60.0M
Gross Margin
Operating Margin
Net Margin
-11.6%
-18.0%
Revenue YoY
-72.6%
-76.3%
Net Profit YoY
-198.7%
-170.6%
EPS (diluted)
$-0.73
$-0.80

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
WH
WH
Q1 26
$610.2M
$334.0M
Q4 25
$610.2M
$334.0M
Q3 25
$556.6M
$382.0M
Q2 25
$706.8M
$397.0M
Q1 25
$602.1M
$316.0M
Q4 24
$515.0M
$336.0M
Q3 24
$753.6M
$396.0M
Q2 24
$560.8M
$367.0M
Net Profit
NOG
NOG
WH
WH
Q1 26
$-70.7M
$-60.0M
Q4 25
$-70.7M
$-60.0M
Q3 25
$-129.1M
$105.0M
Q2 25
$99.6M
$87.0M
Q1 25
$139.0M
$61.0M
Q4 24
$71.7M
$85.0M
Q3 24
$298.4M
$102.0M
Q2 24
$138.6M
$86.0M
Gross Margin
NOG
NOG
WH
WH
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
WH
WH
Q1 26
Q4 25
-5.5%
-11.4%
Q3 25
-22.6%
46.6%
Q2 25
24.9%
37.8%
Q1 25
38.1%
35.4%
Q4 24
25.8%
38.4%
Q3 24
57.6%
43.2%
Q2 24
39.0%
39.5%
Net Margin
NOG
NOG
WH
WH
Q1 26
-11.6%
-18.0%
Q4 25
-11.6%
-18.0%
Q3 25
-23.2%
27.5%
Q2 25
14.1%
21.9%
Q1 25
23.1%
19.3%
Q4 24
13.9%
25.3%
Q3 24
39.6%
25.8%
Q2 24
24.7%
23.4%
EPS (diluted)
NOG
NOG
WH
WH
Q1 26
$-0.73
$-0.80
Q4 25
$-0.67
$-0.77
Q3 25
$-1.33
$1.36
Q2 25
$1.00
$1.13
Q1 25
$1.39
$0.78
Q4 24
$0.71
$1.06
Q3 24
$2.96
$1.29
Q2 24
$1.36
$1.07

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
WH
WH
Cash + ST InvestmentsLiquidity on hand
$14.3M
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$468.0M
Total Assets
$5.4B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
WH
WH
Q1 26
$14.3M
$64.0M
Q4 25
$14.3M
$64.0M
Q3 25
$31.6M
$70.0M
Q2 25
$25.9M
$50.0M
Q1 25
$33.6M
$48.0M
Q4 24
$8.9M
$103.0M
Q3 24
$34.4M
$72.0M
Q2 24
$7.8M
$70.0M
Total Debt
NOG
NOG
WH
WH
Q1 26
Q4 25
$2.4B
$2.5B
Q3 25
$2.3B
$2.6B
Q2 25
$2.4B
$2.5B
Q1 25
$2.3B
$2.5B
Q4 24
$2.4B
$2.4B
Q3 24
$2.0B
$2.4B
Q2 24
$1.9B
$2.4B
Stockholders' Equity
NOG
NOG
WH
WH
Q1 26
$2.1B
$468.0M
Q4 25
$2.1B
$468.0M
Q3 25
$2.2B
$583.0M
Q2 25
$2.4B
$570.0M
Q1 25
$2.4B
$579.0M
Q4 24
$2.3B
$650.0M
Q3 24
$2.3B
$583.0M
Q2 24
$2.1B
$623.0M
Total Assets
NOG
NOG
WH
WH
Q1 26
$5.4B
$4.2B
Q4 25
$5.4B
$4.2B
Q3 25
$5.5B
$4.3B
Q2 25
$5.7B
$4.3B
Q1 25
$5.7B
$4.2B
Q4 24
$5.6B
$4.2B
Q3 24
$5.1B
$4.2B
Q2 24
$4.7B
$4.2B
Debt / Equity
NOG
NOG
WH
WH
Q1 26
Q4 25
1.13×
5.37×
Q3 25
1.05×
4.43×
Q2 25
0.98×
4.44×
Q1 25
0.96×
4.29×
Q4 24
1.02×
3.72×
Q3 24
0.84×
4.19×
Q2 24
0.91×
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$312.6M
$367.0M
Free Cash FlowOCF − Capex
$43.2M
$168.0M
FCF MarginFCF / Revenue
7.1%
50.3%
Capex IntensityCapex / Revenue
31.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
WH
WH
Q1 26
$312.6M
$367.0M
Q4 25
$312.6M
$152.0M
Q3 25
$423.1M
$86.0M
Q2 25
$362.1M
$70.0M
Q1 25
$407.4M
$59.0M
Q4 24
$290.3M
$134.0M
Q3 24
$385.8M
$79.0M
Q2 24
$340.5M
$1.0M
Free Cash Flow
NOG
NOG
WH
WH
Q1 26
$43.2M
$168.0M
Q4 25
$136.0M
Q3 25
$75.0M
Q2 25
$58.0M
Q1 25
$52.0M
Q4 24
$109.0M
Q3 24
$71.0M
Q2 24
$-6.0M
FCF Margin
NOG
NOG
WH
WH
Q1 26
7.1%
50.3%
Q4 25
40.7%
Q3 25
19.6%
Q2 25
14.6%
Q1 25
16.5%
Q4 24
32.4%
Q3 24
17.9%
Q2 24
-1.6%
Capex Intensity
NOG
NOG
WH
WH
Q1 26
31.5%
Q4 25
4.8%
Q3 25
2.9%
Q2 25
3.0%
Q1 25
2.2%
Q4 24
7.4%
Q3 24
2.0%
Q2 24
1.9%
Cash Conversion
NOG
NOG
WH
WH
Q1 26
Q4 25
Q3 25
0.82×
Q2 25
3.64×
0.80×
Q1 25
2.93×
0.97×
Q4 24
4.05×
1.58×
Q3 24
1.29×
0.77×
Q2 24
2.46×
0.01×

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%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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