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NORTHERN OIL & GAS, INC.

NOG

$21.60 ▲ +1.33 (+6.56%) at close

17 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bearish

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Analytical Summary

NORTHERN OIL & GAS, INC. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $2.1B

Dividend Yield —

Revenue Growth 11.2% ↗

Op. Margin 9.9% ↘

ROIC 3.4% ↘

FCF / Share $15.41 ↗

Trailing P/E 54.0x

Price / Book 1.0x

FCF Yield 71.3%

Debt / Equity 1.13

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.48B

↑ +11.2% —

Net Income Profit after all expenses

$38.76M

↓ -92.6% —

Operating Margin Operating profit as % of sales

9.9%

↓ -73.6% 56th

FCF / Share Free cash flow per share

$15.41

↑ +9.2% —

Long-Term Debt Long-term obligations

$2.40B

↑ +1.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↓

Financial Health →

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.45 Latest / share

+0.0% YoY

$0.19

Q2 FY2022

$0.19

Q3 FY2022

Q4 FY2022

$0.34

Q1 FY2023

$0.34

Q2 FY2023

$0.34

Q3 FY2023

Q4 FY2023

$0.40

Q1 FY2024

$0.40

Q2 FY2024

$0.40

Q3 FY2024

Q4 FY2024

$0.45

Q1 FY2025

$0.45

Q2 FY2025

$0.45

Q3 FY2025

Q4 FY2025

$0.45

Q1 FY2026

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	11.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+125%)	2.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-45%)	9.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+82%)	103.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1973%)	76.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1432%)	16.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+238%)	-30.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-708%)	224.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4387%)	44.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+789%)	-47.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1046%)	-53.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1175%)	77.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1444%)	7.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+55%)	108.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2071%)	235.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4605%)	—	—
EPS Growth YoY (%)	-92.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-48.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	9.0% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	99.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-977.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	96.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	70.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	217.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-26.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	75.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	371.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-92.6% Weak ↓ Weak Declining Year-over-year change in net income	-43.6% Weak ↓ Weak Declining Year-over-year change in net income	19.4% Good ↓ Good Declining Year-over-year change in net income	12055.9% Excellent Excellent Year-over-year change in net income	N/M	-1087.2% Weak Weak Year-over-year change in net income	N/M	N/M	96.9% Excellent ↓ Excellent Declining Year-over-year change in net income	69.9% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	208.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-26.6% Weak ↓ Weak Declining Year-over-year change in net income	78.0% Excellent Excellent Year-over-year change in net income	487.1% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	9.2% Fair ↓ Fair Declining Year-over-year change in free cash flow	9.1% Fair ↓ Fair Declining Year-over-year change in free cash flow	9.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	87.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-18.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-11.6% Weak Weak Year-over-year change in free cash flow	-15.1% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	12.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	131.5% Excellent Excellent Year-over-year change in free cash flow	-3.1% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	31.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	57.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	61.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.8% Good ↓ Good Declining Compound annual revenue growth over 3 years	38.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	48.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	35.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-29.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-24.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	58.5% Excellent Excellent Compound annual revenue growth over 3 years	96.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	35.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	36.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	26.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	56.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	46.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	15.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-4.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-7.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.6% Weak Weak Compound annual revenue growth over 5 years	43.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-64.9% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	59.9% Excellent Excellent Compound annual EPS growth over 3 years	82.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	9.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	37.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+151%)	51.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+245%)	43.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+186%)	8.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	-152.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1116%)	11.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	63.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+325%)	28.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	-158.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1155%)	-407.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2813%)	51.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+242%)	35.1% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+134%)	41.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+176%)	45.0% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+200%)	25.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	—
Effective Tax Rate (%) (%)	38.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	1.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	23.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+192%)	42.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+433%)	38.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+387%)	0.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	-164.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2151%)	-16.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-302%)	21.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+165%)	-4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-155%)	-202.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2632%)	-354.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4533%)	27.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+244%)	15.8% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+98%)	23.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+190%)	27.2% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+240%)	15.5% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	—
FCF Margin (%) (%)	60.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	63.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	54.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	46.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	40.7% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	60.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	71.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	36.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	66.2% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	63.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	56.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	159.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	38.84x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.71x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.28x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	62.33x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.37x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.45x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.70x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	4.19x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.74x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.09x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	10.30x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%)	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	13.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	26.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	37.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-116.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	34.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-66.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-142.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	24.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	11.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	13.8% Good Good Return earned on debt + equity capital invested Optimal: > 10%	8.2% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	15.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	25.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	29.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	5.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-96.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	28.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-53.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-152.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.8% Good Good Operating profit relative to total assets Optimal: > 10%	9.3% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	1.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	22.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+87%)	45.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+276%)	103.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+765%)	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	—	-13.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-214%)	33.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+179%)	1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	60.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+402%)	—	21.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+77%)	8.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	12.3% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	1.13x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+125%)	1.02x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+104%)	0.90x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+79%)	2.05x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+309%)	3.73x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+647%)	-4.23x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-946%)	2.00x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+300%)	1.93x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+286%)	-2.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-499%)	-1.71x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-442%)	-4.29x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-958%)	—	—	—	—	—	—
Interest Coverage (x)	1.44x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.51x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.27x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	10.62x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	1.32x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-14.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.03x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	0.86x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-3.56x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-19.18x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	7.25x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	3.61x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	9.31x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	114.77x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	19.72x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.38B	$2.36B	$1.83B	$1.52B	$793.92M	$943.41M	$1.10B	$827.85M	$877.14M	$826.14M	$844.41M	$-9.34M	$-5.69M	$-13.39M	$-6.28M	$-152.11M	$-6.23M
Debt / EBITDA (x)	9.74x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.83x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.64x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.79x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.31x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.12x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	20.14x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.92x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.19x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.63x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.76x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$25.34	$22.29	$23.68	$25.28	$15.48	$12.92	$12.20	$28.74	$33.54	$23.69	$45.35	$98.04	$53.84	$49.86	$24.18	$8.84	—
Basic EPS, GAAP (USD)	$0.40	$5.21	$10.09	$9.26	$-0.13	$-21.55	$-2.00	$6.10	$-1.50	$-48.00	$-160.80	$27.00	$8.50	$11.60	$6.60	$1.40	—
Free Cash Flow per Share (USD)	$15.41	$14.11	$12.93	$11.82	$6.29	$7.76	$8.78	$10.34	—	—	—	—	$35.66	$31.73	$13.71	$14.14	—
Book Value per Share (USD)	$21.86	$23.41	$20.32	$8.75	$2.78	$-4.86	$13.76	$11.36	$-73.49	$-77.05	$-31.31	$126.23	$100.20	$92.27	$78.41	—	—
Tangible Book Value per Share (USD)	$21.86	$23.41	$20.32	$8.75	$2.78	$-4.86	$13.76	$11.36	$-73.49	$-77.05	$-31.31	$126.23	$100.20	$92.27	$78.41	—	—
Basic Weighted Avg Shares (shares)	97.71M	99.85M	91.48M	78.56M	62.99M	42.74M	38.71M	23.62M	6.24M	6.12M	6.07M	6.07M	6.24M	6.25M	6.18M	5.04M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD)	$46.74M	$-43.53M	$123.65M	$-24.49M	$-112.23M	$-56.85M	$-70.44M	$-3.11M	$29.18M	$-30.55M	$50.70M	$-59.75M	$-89.70M	$-6.24M	$-39.16M	—	—
LT Debt (USD)	$2.40B	$2.37B	$1.84B	$1.53B	$803.44M	$944.84M	$1.12B	$830.20M	$979.32M	$832.63M	$847.80M	—	—	—	—	—	—
Total Equity (USD)	$2.13B	$2.32B	$2.05B	$745.26M	$215.13M	$-223.30M	$558.64M	$429.87M	$-490.84M	$-487.42M	$-197.60M	$770.86M	$619.83M	$586.19M	$496.57M	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$2.48B	$2.23B	$2.17B	$1.99B	$975.09M	$552.21M	$472.40M	$678.92M	$209.32M	$144.90M	$275.06M	$595.03M	$335.77M	$311.57M	$149.39M	$44.56M	—
Net Income, GAAP (USD)	$38.76M	$520.31M	$922.97M	$773.24M	$6.36M	$-906.04M	$-76.32M	$143.69M	$-9.19M	$-293.49M	$-975.35M	$163.75M	$53.07M	$72.28M	$40.61M	$6.92M	—
Operating Cash Flow (USD)	$1.51B	$1.41B	$1.18B	$928.42M	$396.47M	$331.69M	$339.75M	$244.26M	—	—	—	—	$222.77M	$198.53M	$85.15M	$73.31M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 65 quarters

NORTHERN OIL & GAS, INC.

Analytical Summary

17-Year Financial Trajectory

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