NOGNEUTRAL

NOG Gross Margin Analysis

45.8%

Updated 155h ago·SEC filings & market data

Key Takeaway

Gross margin is the share of revenue left after paying direct production costs, here 45.8% for NOG.

Sector Performance

48th percentile

NOG

45.8%

Sector Median

46.6%

Sector Avg

47.6%

Prior Period

32.9%(Jul 2026)

↑ Improving

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Deep Analysis

Gross margin is the share of revenue left after paying direct production costs, here 45.8% for NOG.

That sits just below the sector median of 46.4%, placing the company at the 49th percentile among peers—essentially mid-pack. The year-over-year change is not available, but quarter-over-quarter gross margin rose by 39.2%, from 32.9% in the prior quarter to 45.8% now. With only two data points, no clear eight-quarter trend can be established, so the improvement is recent rather than proven. The combination of a near-sector-average level and a sharp recent gain suggests limited downside risk, but also no clear competitive edge yet. This metric supports the overall NEUTRAL verdict: it shows a company performing in line with peers while improving, without evidence to justify a more positive or negative stance.

Frequently Asked Questions

What does the Gross Margin tell investors about NOG?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

Who are NOG's closest peers by Gross Margin?

The closest peers by Gross Margin include: HII (12.6%), VLO (12.3%), EXPD (12.3%), LMT (12.2%), EPD (12.1%).

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Learn More About Gross Margin

Gross Margin vs Net Margin: Why the Gap Between Them Tells You Everything

Gross margin vs net margin: learn what the spread between them reveals about operating leverage, cost structure, and early warning signs in any stock.

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.