Northern Oil and Gas
NOG · Oil & Gas Exploration & Production
$28.26
3.7%Range Resources
RRC · Oil & Gas Exploration & Production
$45.52
3.8%The short version
- Range Resources is the larger business, with $3.1B of revenue in fiscal 2025 against $2.5B for Northern Oil and Gas.
- Range Resources grew revenue faster (28.9%, against 11.2%).
- Northern Oil and Gas turned more of its sales into free cash flow (60.8% FCF margin, against 18.9% FCF margin).
- Range Resources earned a higher return on the capital invested in it (13.7%, against 3.3%).
| Latest fiscal year | NOG · FY25 | RRC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.1B | $10.8B |
| Revenue | $2.5B | $3.1B |
| Free cash flow | $1.5B | $590M |
| Net income | $38.8M | $658M |
| Growth | ||
| Revenue growth | 11.2% | 28.9% |
| 5-year growth | 35.0% | 9.6% |
| Share count change | −1.9% | −1.2% |
| Profitability | ||
| Gross margin | 80.9% | — |
| Operating margin | 9.9% | — |
| Net margin | 1.6% | 21.1% |
| FCF margin | 60.8% | 18.9% |
| Return on capital | 3.3% | 13.7% |
| Return on equity | 1.7% | 15.9% |
| Balance sheet | ||
| Net debt | $2.4B | $1.2B |
| Net debt / EBITDA | — | 0.9x |
| Dividends and buybacks | $230M | $85.7M |
| Valuation & quality | ||
| P/E | — | 12.6x |
| Piotroski F-score | 7 | 8 |
FY16
NOG $145M
RRC $1.1B
FY17
NOG $209M
RRC $2.6B
FY18
NOG $679M
RRC $3.3B
FY19
NOG $472M
RRC $2.8B
FY20
NOG $552M
RRC $2.0B
FY21
NOG $497M
RRC $2.9B
FY22
NOG $1.6B
RRC $4.1B
FY23
NOG $2.2B
RRC $3.4B
FY24
NOG $2.2B
RRC $2.4B
FY25
NOG $2.5B
RRC $3.1B
NOG
RRC
FY16
NOG −158.3%
RRC —
FY17
NOG 28.9%
RRC —
FY18
NOG 63.7%
RRC —
FY19
NOG 11.8%
RRC —
FY20
NOG −152.3%
RRC —
FY21
NOG 15.7%
RRC —
FY22
NOG 54.3%
RRC —
FY23
NOG 51.8%
RRC —
FY24
NOG 37.6%
RRC —
FY25
NOG 9.9%
RRC —
NOG
RRC
FY16
NOG $102M
RRC −$79.2M
FY17
NOG $73.0M
RRC −$332M
FY18
NOG $244M
RRC $29.8M
FY19
NOG $339M
RRC −$5.4M
FY20
NOG $331M
RRC −$137M
FY21
NOG $396M
RRC $399M
FY22
NOG $924M
RRC $1.4B
FY23
NOG $1.2B
RRC $406M
FY24
NOG $1.4B
RRC $374M
FY25
NOG $1.5B
RRC $590M
NOG
RRC
FY16
NOG −37.2%
RRC −6.9%
FY17
NOG 13.2%
RRC 2.9%
FY18
NOG 52.6%
RRC −13.9%
FY19
NOG 3.0%
RRC −23.8%
FY20
NOG −55.8%
RRC −8.4%
FY21
NOG 8.7%
RRC 13.2%
FY22
NOG 51.9%
RRC 27.8%
FY23
NOG 33.7%
RRC 19.3%
FY24
NOG 15.0%
RRC 6.9%
FY25
NOG 3.3%
RRC 13.7%
NOG
RRC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.