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NOG · NYSE · United States · Crude Petroleum & Natural Gas
In shortNORTHERN OIL & GAS, INC. is profitable, generates cash and carries moderate debt, with revenue growing (+11.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.9% | 50/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.6% | 26/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.7% | 9/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.4% | 22/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.09× | 24/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.13× | 49/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 9.69× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.43× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.33 | 6/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 60.8% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 38.84× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 46.3% | 0/100 |
| Operating margin volatility | 19.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.6% | 59/100 |
|---|---|---|
| EPS growth, 3-year average | -64.8% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 975 | 1,986 | 2,166 | 2,226 | 2,476 |
| Cost of revenue | 171 | 261 | 347 | 430 | 474 |
| Gross profit | 804 | 1,725 | 1,819 | 1,796 | 2,002 |
| Operating income | 78 | 853 | 1,122 | 838 | 246 |
| Interest expense | 59 | 80 | 136 | 158 | 172 |
| Pre-tax income | 6.6 | 776 | 1,001 | 681 | 63 |
| Income tax | 0.2 | 3.1 | 78 | 161 | 24 |
| Net income | 6.4 | 773 | 923 | 520 | 39 |
| Diluted EPS | −$0.13 | $8.92 | $10.03 | $5.14 | $0.39 |
| Diluted shares (millions) | 63 | 87 | 92 | 101 | 99 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.33 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 7, 2026