Northern Oil & Gas Inc (NOG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 520,308 | 922,969 | 773,237 | 6,361 | -906,041 |
| Revenue | US$ in thousands | 2,163,760 | 1,907,010 | 1,985,800 | 975,092 | 324,069 |
| Net profit margin | 24.05% | 48.40% | 38.94% | 0.65% | -279.58% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $520,308K ÷ $2,163,760K
= 24.05%
The net profit margin of Northern Oil & Gas Inc has shown a significant improvement over the years based on the provided data. In December 31, 2020, the net profit margin was at a concerning -279.58%, indicating a loss exceeding the total revenue earned during that period. However, by December 31, 2021, the company managed to turn this around, achieving a positive net profit margin of 0.65%, albeit still relatively low.
Subsequently, in December 31, 2022, Northern Oil & Gas Inc's net profit margin saw a substantial increase to 38.94%, reflecting a notable improvement in profitability. This positive trend continued in December 31, 2023, with the net profit margin surging to 48.40%, suggesting stronger operational efficiency and better cost management.
By December 31, 2024, the net profit margin settled at 24.05%, which, although lower than the previous year, still indicates a healthy level of profitability for the company. Overall, the consistent growth in net profit margin signifies Northern Oil & Gas Inc's successful efforts in enhancing its bottom line and creating value for its shareholders.
Peer comparison
Dec 31, 2024