Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 25.5% YoY to 3.8x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 61.38 | — | — | — | 7.09 | 5.44 | 13.08 | 2.99 | 6.83 | 90.18 | 2.38 | 35.92 | 4.56 |
| — | — | — | — | +3.7% | -94.0% | +450.6% | -91.7% | +49.7% | +4630.5% | -49.7% | +3448.7% | +98.0% | |
| P/S Ratio | 1.21 | 1.32 | 1.18 | 1.24 | 1.22 | 1.30 | 1.71 | 1.73 | 1.68 | 1.88 | 1.69 | 1.84 | 1.83 |
| — | +1.6% | -31.0% | -28.4% | -27.4% | -30.9% | +1.1% | -5.8% | -8.0% | +24.7% | +19.7% | +66.1% | +83.1% | |
| P/B Ratio | 1.12 | 1.61 | 1.00 | 1.07 | 1.17 | 1.26 | 1.62 | 1.54 | 1.83 | 2.01 | 1.81 | 2.68 | 2.16 |
| — | +28.2% | -38.2% | -30.4% | -36.3% | -37.5% | -10.3% | -42.4% | -15.2% | -18.5% | -46.6% | -19.5% | -85.0% | |
| P/FCF | 10.02 | 2.22 | — | 8.54 | 22.83 | 5.15 | — | 228.63 | 8.08 | — | — | — | — |
| — | -56.8% | — | -96.3% | +182.5% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 3.44 | 3.82 | 3.99 | 3.64 | 3.38 | 3.05 | 4.54 | 2.21 | 3.58 | 6.56 | 2.18 | 8.25 | 3.46 |
| — | +25.5% | -12.1% | +64.3% | -5.6% | -53.6% | +108.6% | -73.2% | +3.5% | +175.1% | -47.3% | +528.5% | +36.4% | |
| EV / EBIT | 8.00 | 8.66 | — | — | 7.32 | 5.77 | 11.50 | 3.16 | 6.46 | 28.35 | 2.85 | 34.24 | 4.94 |
| — | +50.1% | — | — | +13.3% | -79.6% | +303.0% | -90.8% | +30.8% | +868.7% | -52.3% | +2253.1% | +62.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Northern Oil and Gas, Inc.'s operating margin was 28.6% in Q1 2026, up 11.1 pp QoQ and down 10.9 pp YoY. The trailing four-quarter average of 25.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 15.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.2% | 32.9% | 21.3% | 28.7% | 37.2% | 38.7% | 33.7% | 40.4% | 42.2% | 38.2% | 45.2% | 49.7% | 45.6% |
| — | -15.0% | -36.9% | -28.9% | -11.8% | +1.3% | -25.4% | -18.7% | -7.4% | -25.9% | -21.8% | -25.8% | -35.2% | |
| Operating Margin | 29.3% | 28.6% | 17.5% | 25.8% | 30.5% | 39.5% | 24.2% | 84.2% | 38.8% | 9.8% | 88.6% | 8.3% | 56.1% |
| — | -27.6% | -27.6% | -69.3% | -21.5% | +303.9% | -72.8% | +918.6% | -30.8% | -88.4% | +135.8% | -92.7% | +14.1% | |
| Net Margin | 1.9% | -96.1% | -15.7% | -26.6% | 17.2% | 23.9% | 13.1% | 57.9% | 24.6% | 2.2% | 71.2% | 5.1% | 40.1% |
| — | -501.3% | -220.2% | -145.9% | -29.8% | +1003.7% | -81.7% | +1038.6% | -38.7% | -97.3% | +118.7% | -95.3% | -12.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.7% | -26.7% | -3.2% | -5.5% | 4.1% | 5.9% | 3.1% | 13.6% | 6.8% | 0.6% | 22.5% | 1.8% | 13.6% |
| — | -554.3% | -204.6% | -140.7% | -39.2% | +926.8% | -86.3% | +636.5% | -50.0% | -98.5% | +12.8% | -98.6% | -96.8% | |
| ROA | 0.7% | -9.6% | -1.3% | -2.3% | 1.8% | 2.5% | 1.3% | 6.1% | 3.0% | 0.3% | 8.8% | 0.7% | 4.8% |
| — | -488.4% | -196.4% | -137.8% | -40.9% | +868.0% | -84.8% | +831.4% | -38.2% | -97.7% | +63.1% | -97.4% | -59.8% | |
| ROIC | 10.0% | 2.7% | 1.3% | 2.0% | 2.8% | 3.7% | 2.2% | 8.0% | 4.2% | 1.0% | 9.9% | 1.0% | 6.0% |
| — | -27.8% | -41.6% | -74.7% | -33.1% | +264.4% | -77.5% | +716.9% | -30.2% | -90.6% | +63.1% | -96.6% | -65.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Northern Oil and Gas, Inc.'s Debt/EBITDA ratio is 7.2x, down from 8.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 43.1% YoY to 0.53x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.13 | 1.43 | 1.13 | 1.05 | 0.98 | 0.96 | 1.02 | 0.84 | 0.91 | 0.97 | 0.90 | 1.46 | 1.18 |
| — | +48.7% | +10.3% | +23.8% | +8.2% | -0.7% | +13.9% | -42.2% | -23.3% | -42.2% | -56.2% | -11.4% | -83.6% | |
| Debt / EBITDA | 1.68 | 7.23 | 8.47 | 7.22 | 6.20 | 5.31 | 7.02 | 3.15 | 4.74 | 8.57 | 2.89 | 11.67 | 4.90 |
| — | +36.1% | +20.5% | +129.2% | +30.7% | -38.0% | +143.1% | -73.0% | -3.3% | +122.0% | -53.6% | +569.6% | +44.5% | |
| Current Ratio | 1.09 | 0.53 | 1.09 | 1.10 | 1.21 | 0.92 | 0.92 | 1.23 | 0.89 | 0.96 | 1.32 | 0.78 | 1.02 |
| — | -43.1% | +18.1% | -11.3% | +35.6% | -4.2% | -30.3% | +58.4% | -12.8% | -15.9% | +42.1% | -21.0% | +69.2% | |
| Quick Ratio | 1.09 | 0.53 | 1.09 | 1.10 | 1.21 | 0.92 | 0.92 | 1.23 | 0.89 | 0.96 | 1.32 | 0.78 | 1.02 |
| — | -43.1% | +18.1% | -11.3% | +35.6% | -4.2% | -30.3% | +58.4% | -12.8% | -15.9% | +42.1% | -21.0% | +69.2% | |
| Interest Coverage | 1.36 | 3.66 | -1.09 | -2.93 | 3.97 | 5.24 | 2.94 | 11.78 | 5.81 | 1.38 | 13.26 | 1.15 | 7.47 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Northern Oil and Gas, Inc.'s current P/E is 61.4x. The average P/E over the last 1 quarters is 7.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Northern Oil and Gas, Inc.'s current operating margin is 29.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Northern Oil and Gas, Inc.'s business trajectory between earnings reports.