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

Western Union CO is the larger business by last-quarter revenue ($982.7M vs $610.2M, roughly 1.6× NORTHERN OIL & GAS, INC.). Western Union CO runs the higher net margin — 6.6% vs -11.6%, a 18.2% gap on every dollar of revenue. On growth, Western Union CO posted the faster year-over-year revenue change (0.0% vs -72.6%). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -1.9%).

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 Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

NOG vs WU — Head-to-Head

Bigger by revenue
WU
WU
1.6× larger
WU
$982.7M
$610.2M
NOG
Growing faster (revenue YoY)
WU
WU
+72.6% gap
WU
0.0%
-72.6%
NOG
Higher net margin
WU
WU
18.2% more per $
WU
6.6%
-11.6%
NOG
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-1.9%
WU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NOG
NOG
WU
WU
Revenue
$610.2M
$982.7M
Net Profit
$-70.7M
$64.7M
Gross Margin
Operating Margin
12.5%
Net Margin
-11.6%
6.6%
Revenue YoY
-72.6%
0.0%
Net Profit YoY
-198.7%
-47.6%
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.

Revenue
NOG
NOG
WU
WU
Q1 26
$610.2M
$982.7M
Q4 25
$610.2M
$972.0M
Q3 25
$556.6M
$985.3M
Q2 25
$706.8M
$983.6M
Q1 25
$602.1M
$938.7M
Q4 24
$515.0M
$1.0B
Q3 24
$753.6M
$993.4M
Q2 24
$560.8M
$1.0B
Net Profit
NOG
NOG
WU
WU
Q1 26
$-70.7M
$64.7M
Q4 25
$-70.7M
$114.4M
Q3 25
$-129.1M
$139.6M
Q2 25
$99.6M
$122.1M
Q1 25
$139.0M
$123.5M
Q4 24
$71.7M
$385.7M
Q3 24
$298.4M
$264.8M
Q2 24
$138.6M
$141.0M
Gross Margin
NOG
NOG
WU
WU
Q1 26
Q4 25
80.4%
33.6%
Q3 25
78.7%
34.7%
Q2 25
82.8%
34.6%
Q1 25
81.1%
34.0%
Q4 24
77.4%
35.0%
Q3 24
85.8%
34.2%
Q2 24
82.0%
35.0%
Operating Margin
NOG
NOG
WU
WU
Q1 26
12.5%
Q4 25
-5.5%
19.1%
Q3 25
-22.6%
20.5%
Q2 25
24.9%
19.6%
Q1 25
38.1%
18.9%
Q4 24
25.8%
17.5%
Q3 24
57.6%
16.6%
Q2 24
39.0%
18.7%
Net Margin
NOG
NOG
WU
WU
Q1 26
-11.6%
6.6%
Q4 25
-11.6%
11.8%
Q3 25
-23.2%
14.2%
Q2 25
14.1%
12.4%
Q1 25
23.1%
13.2%
Q4 24
13.9%
37.9%
Q3 24
39.6%
26.7%
Q2 24
24.7%
13.8%
EPS (diluted)
NOG
NOG
WU
WU
Q1 26
$-0.73
$0.41
Q4 25
$-0.67
$0.36
Q3 25
$-1.33
$0.43
Q2 25
$1.00
$0.37
Q1 25
$1.39
$0.36
Q4 24
$0.71
$1.14
Q3 24
$2.96
$0.78
Q2 24
$1.36
$0.41

Balance Sheet & Financial Strength

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

Metric
NOG
NOG
WU
WU
Cash + ST InvestmentsLiquidity on hand
$14.3M
$909.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$910.5M
Total Assets
$5.4B
$8.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
WU
WU
Q1 26
$14.3M
$909.2M
Q4 25
$14.3M
$1.2B
Q3 25
$31.6M
$947.8M
Q2 25
$25.9M
$1.0B
Q1 25
$33.6M
$1.3B
Q4 24
$8.9M
$1.5B
Q3 24
$34.4M
$1.1B
Q2 24
$7.8M
$1.0B
Total Debt
NOG
NOG
WU
WU
Q1 26
Q4 25
$2.4B
$2.9B
Q3 25
$2.3B
$2.5B
Q2 25
$2.4B
$2.5B
Q1 25
$2.3B
$2.5B
Q4 24
$2.4B
$3.0B
Q3 24
$2.0B
$2.1B
Q2 24
$1.9B
$2.1B
Stockholders' Equity
NOG
NOG
WU
WU
Q1 26
$2.1B
$910.5M
Q4 25
$2.1B
$957.8M
Q3 25
$2.2B
$925.4M
Q2 25
$2.4B
$883.6M
Q1 25
$2.4B
$939.4M
Q4 24
$2.3B
$968.9M
Q3 24
$2.3B
$652.7M
Q2 24
$2.1B
$440.8M
Total Assets
NOG
NOG
WU
WU
Q1 26
$5.4B
$8.1B
Q4 25
$5.4B
$8.3B
Q3 25
$5.5B
$7.8B
Q2 25
$5.7B
$8.0B
Q1 25
$5.7B
$8.3B
Q4 24
$5.6B
$8.4B
Q3 24
$5.1B
$7.7B
Q2 24
$4.7B
$8.0B
Debt / Equity
NOG
NOG
WU
WU
Q1 26
Q4 25
1.13×
3.01×
Q3 25
1.05×
2.70×
Q2 25
0.98×
2.83×
Q1 25
0.96×
2.61×
Q4 24
1.02×
3.04×
Q3 24
0.84×
3.29×
Q2 24
0.91×
4.88×

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
WU
WU
Operating Cash FlowLast quarter
$312.6M
$109.0M
Free Cash FlowOCF − Capex
$43.2M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
31.5%
4.8%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
WU
WU
Q1 26
$312.6M
$109.0M
Q4 25
$312.6M
$135.4M
Q3 25
$423.1M
$260.4M
Q2 25
$362.1M
$-300.0K
Q1 25
$407.4M
$148.2M
Q4 24
$290.3M
$134.0M
Q3 24
$385.8M
$212.1M
Q2 24
$340.5M
$-33.8M
Free Cash Flow
NOG
NOG
WU
WU
Q1 26
$43.2M
Q4 25
$115.5M
Q3 25
$252.7M
Q2 25
$-7.8M
Q1 25
$144.8M
Q4 24
$119.7M
Q3 24
$205.1M
Q2 24
$-38.9M
FCF Margin
NOG
NOG
WU
WU
Q1 26
7.1%
Q4 25
11.9%
Q3 25
25.6%
Q2 25
-0.8%
Q1 25
15.4%
Q4 24
11.8%
Q3 24
20.6%
Q2 24
-3.8%
Capex Intensity
NOG
NOG
WU
WU
Q1 26
31.5%
4.8%
Q4 25
2.0%
Q3 25
0.8%
Q2 25
0.8%
Q1 25
0.4%
Q4 24
1.4%
Q3 24
0.7%
Q2 24
0.5%
Cash Conversion
NOG
NOG
WU
WU
Q1 26
1.68×
Q4 25
1.18×
Q3 25
1.87×
Q2 25
3.64×
-0.00×
Q1 25
2.93×
1.20×
Q4 24
4.05×
0.35×
Q3 24
1.29×
0.80×
Q2 24
2.46×
-0.24×

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%

WU
WU

Segment breakdown not available.

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