MDU vs NWN
MDU Resources Group Inc. and Northwest Natural Holding Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MDU | NWN |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net income | $190.4M | $113.3M |
| Gross margin | · | · |
| Net margin | 10.2% | 8.8% |
| Return on equity | 7.0% | 7.9% |
| Diluted EPS | $0.93 | $2.77 |
| Dividend / share | $0.54 | $1.96 |
| Payout ratio | 56.9% | 68.2% |
| Free cash flow | $-297.0M | $-197.8M |
| Equity | $2.8B | $1.5B |
| Net debt / equity | 0.96× | 1.62× |
| Current ratio | 0.84× | 0.72× |
| Revenue CAGR 5y | −19.5% | 10.8% |
| Profit CAGR 5y | −13.4% | 8.1% |
MDU bills 1.5× the revenue of NWN, and keeps more of each dollar of revenue as profit (10.2% against 8.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MDU | NWN |
|---|---|---|
| FY2025 | $1.9B | $1.3B |
| FY2024 | $1.8B | $1.2B |
| FY2023 | $1.8B | $1.2B |
| FY2022 | $1.8B | $1.0B |
| FY2021 | $3.5B | $860.4M |
| FY2020 | $5.5B | $773.7M |
| FY2019 | $5.3B | $746.4M |
| FY2018 | $4.5B | $706.1M |
| FY2017 | $4.4B | $755.0M |
| FY2016 | $4.1B | $668.2M |
Bottom line
| Fiscal year | MDU | NWN |
|---|---|---|
| FY2025 | $190.4M | $113.3M |
| FY2024 | $281.1M | $78.9M |
| FY2023 | $414.7M | $93.9M |
| FY2022 | $367.5M | $86.3M |
| FY2021 | $378.1M | $78.7M |
| FY2020 | $390.2M | $76.8M |
| FY2019 | $335.5M | $61.7M |
| FY2018 | $272.3M | $64.6M |
| FY2017 | $281.2M | $-55.6M |
| FY2016 | $-67.3M | $58.9M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$585,703,000 | MDU |
| FY2024 | +$604,984,000 | MDU |
| FY2023 | +$608,332,000 | MDU |
| FY2022 | +$714,393,000 | MDU |
| FY2021 | +$2,594,036,000 | MDU |
| FY2020 | +$4,759,071,000 | MDU |
| FY2019 | +$4,590,404,000 | MDU |
| FY2018 | +$3,825,409,000 | MDU |
| FY2017 | +$3,688,313,000 | MDU |
| FY2016 | +$3,460,655,000 | MDU |
MDU has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.4 pp | MDU |
| FY2024 | +9.1 pp | MDU |
| FY2023 | +15.1 pp | MDU |
| FY2022 | +12.6 pp | MDU |
| FY2021 | +1.8 pp | MDU |
| FY2020 | −2.9 pp | NWN |
| FY2019 | −2.3 pp | NWN |
| FY2018 | −3.5 pp | NWN |
| FY2017 | +13.7 pp | MDU |
| FY2016 | −10.4 pp | NWN |
The higher net margin has changed hands between MDU and NWN over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's net margin has been more volatile than NWN's over the 10 comparable fiscal years — 7.1 percentage points of standard deviation against 4.9.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MDU and NWN over these 10 fiscal years — MDU led in 6 and NWN in 4.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's return on equity has been more volatile than NWN's over the 10 comparable fiscal years — 4.5 percentage points of standard deviation against 4.5.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MDU and NWN over these 10 fiscal years — MDU led in 8 and NWN in 2.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.