Northern Oil & Gas Inc (NOG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 837,831 | 1,121,860 | 853,192 | 415,315 | -2,716 |
| Revenue | US$ in thousands | 2,163,760 | 1,907,010 | 1,985,800 | 975,092 | 324,069 |
| Operating profit margin | 38.72% | 58.83% | 42.96% | 42.59% | -0.84% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $837,831K ÷ $2,163,760K
= 38.72%
The operating profit margin of Northern Oil & Gas Inc has shown significant fluctuations over the past five years. Starting at a negative value of -0.84% in December 2020, the company managed to improve its operational efficiency considerably, achieving a notable increase to 42.59% by December 2021. This positive trend continued in the following years, with operating profit margins reaching 42.96% in December 2022 and further improving to 58.83% by December 2023, indicating enhanced profitability and effective cost management.
However, in December 2024, there was a slight decline in the operating profit margin to 38.72%, signaling potential challenges or changes in the company's operational performance during that period. Overall, the company demonstrated a strong ability to generate profits from its core business operations during the analyzed period, with the potential need for closer monitoring and analysis to understand the factors behind the fluctuations in operating profit margin in the most recent year.
Peer comparison
Dec 31, 2024