Northern Oil & Gas Inc (NOG)
Net profit margin
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
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Net income (ttm) | US$ in thousands | 520,306 | 837,461 | 565,126 | 594,385 | 922,970 | 679,185 | 1,236,539 | 1,319,988 | 773,237 | 802,896 | 231,985 | -109,842 | 6,361 | -310,489 | -556,047 | -1,364,684 | -906,041 | -871,857 | -544,472 | 399,127 |
Revenue (ttm) | US$ in thousands | 2,129,538 | 1,925,152 | 1,723,637 | 1,578,228 | 1,471,907 | 1,606,963 | 1,827,040 | 1,957,898 | 1,985,798 | 1,872,524 | 1,598,144 | 1,274,218 | 975,092 | 742,234 | 556,247 | 351,197 | 324,069 | 385,263 | 469,572 | 598,754 |
Net profit margin | 24.43% | 43.50% | 32.79% | 37.66% | 62.71% | 42.27% | 67.68% | 67.42% | 38.94% | 42.88% | 14.52% | -8.62% | 0.65% | -41.83% | -99.96% | -388.58% | -279.58% | -226.30% | -115.95% | 66.66% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $520,306K ÷ $2,129,538K
= 24.43%
The net profit margin of Northern Oil & Gas Inc has displayed significant fluctuations over the past few years. The margin was negative for most of 2020 and part of 2021, indicating that the company was experiencing losses in relation to its revenue during those periods.
However, starting from the second half of 2021, the net profit margin gradually improved, turning positive by the end of December 2021. This positive trend continued into 2022 and beyond, reaching double-digit figures by mid-2022 and further increasing towards the end of 2024.
The positive net profit margins from 2022 onwards suggest that the company was able to effectively control its expenses and generate profits relative to its revenue. The margins peaked in March 2024 at 67.68%, indicating that Northern Oil & Gas Inc was able to efficiently convert its revenue into profits during that period.
Overall, the analysis of the net profit margin indicates that Northern Oil & Gas Inc experienced a turnaround in its profitability after facing challenges in earlier periods, demonstrating improved financial performance and effectiveness in cost management.
Peer comparison
Dec 31, 2024