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MARKETS / NYSE / NWN
NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

Northwest Natural Holding Co. NWN

10 fiscal years on record · USD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
$1.2B
▲ 8.4% YoY
$113.3M
▲ 43.7% YoY
$-197.8M
In brief

What this company does

NW Holdings, a holding company headquartered in Portland, Oregon, owns NW Natural, which distributes natural gas to residential, commercial and industrial customers in Oregon and southwest Washington, as well as SiEnergy Operating, LLC, NW Natural Water Company, LLC and NW Natural Renewables Holdings, LLC. NW Holdings primarily operates in three reportable business segments: NWN Gas Utility, SiEnergy, and NWN Water. SiEnergy owns and operates SiEnergy Holdings, which includes SiEnergy Gas and Terra Transmission, a gas distribution and a transmission utility respectively, and provides gas distribution and transmission to customers in Texas. NWN Water provides regulated water and wastewater services, and unregulated wastewater and operations services, to customers in Oregon, Washington, Idaho, Arizona and Texas. NW Natural operates a regulated gas distribution utility servicing customers through approximately 810,000 meters in Oregon and southwest Washington. At December 31, 2025, its workforce totaled 1,619 employees. NW Natural and its predecessors have supplied gas service to the public since 1859, were incorporated in Oregon in 1910, and began doing business as NW Natural in 1997.

Written from the business description in NORTHWEST NATURAL HOLDING COMPANY's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income 0.1
0.5B1.0B2016201720182019202020212022202320242025
Compound annual growth
+5.2%
+10.2%
+9.5%
+8.1%
+2.9%
+2.0%
+0.5%
+0.5%
+7.2%
+6.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.2% a year over five years — but profit grew slower: net income at +8.1%, earnings per share at +2.0%.

The share count rose from 0.03B to 0.04B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.2% · Net 9.4%
10%20%-2%-4%-6%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 7.9%
5%-2%-4%-6%2016201720182019202020212022202320242025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 77.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -197.8
40M80M-80M-160M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 77.3 · Net buybacks —
40M-40M-80MDividendsNet buybacks2016201720182019202020212022202320242025

USD 77.3M in dividends — 68% of the year's profit went back to shareholders.

Total assetsUSD 6.2B
EquityUSD 1.5B
CashUSD 36.7M
Gross debtUSD 2.4B
Net debtUSD 2.4B
Current ratio0.72×

Net debt stands at 162% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B1.21.11.21.00.80.70.70.70.80.7
Operating income $B0.30.20.20.20.20.10.10.10.20.2
EBITDA $B··········
Income tax $B0.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.10.10.1−0.10.1
Free cash flow $B−0.2−0.2−0.0−0.2−0.1−0.1−0.0−0.0−0.00.1
EPS, diluted $2.772.032.592.542.562.512.072.24−1.932.12
Dividend / sh $1.961.951.941.931.921.911.901.891.881.87
Payout %6892727371728679−9787
ROE %7.95.97.68.28.68.87.68.6−7.5·
Shares out B0.040.040.040.040.030.030.030.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 38 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated inOregon
Fiscal year endsDecember 31
Data on record since2016

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