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
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.