Northwest Natural Gas Company

NWN Utilities Utilities Regulated Gas

Northwest Natural Gas Company’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 11.8% from fiscal 2024.

Revenue
+8.04%
EPS
+2.74%
Free cash flow
−20.1%
Total debt
+14.3%

Quarter to September 2026, against a year earlier

51.77 0.46 +0.90%
Market cap
$2.2B
P/E
17.1×
Fwd P/E
16.3×
Dividend yield
3.82%
F-score
5/9
Altman Z
0.66
Beneish M
−2.68
Dividend safety
39/100

Northwest Natural Gas Company (NWN) Gross margin

Alert me on Gross margin

Northwest Natural Gas Company's gross margin over the twelve months to 30 September 2026 was 70.7%, up 1.4 percentage points from fiscal 2025 (69.3%). Over the past ten years it has ranged from 54.8% (fiscal 2015) to 69.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 63.3% and above the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 69.3% 5.09
FY2024 64.2% 5.97
FY2023 58.3% (0.32)
FY2022 58.6% (7.45)
FY2021 66.0% (0.01)
FY2020 66.0% 0.19
FY2019 65.9% 2.04
FY2018 63.8% 6.83
FY2017 57.0% (4.02)
FY2016 61.0% 6.22

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 75.2% 0.55
Jun 2026 74.6% 6.89
Mar 2026 67.8% (2.15)
Dec 2025 69.9% (6.16)
43 more quarters

Against its own ten years

Low 54.8% High 69.3%
Ten-year median 63.8%
Current reading's percentile 98

Gross margin against peers

Company Gross margin
NWN Northwest Natural Gas Company 70.7%
SR Spire Inc. compare 69.2%
OGS ONE Gas, Inc. compare 63.4%
SPH Suburban Propane Partners, L.P. compare 63.1%
MDU MDU Resources Group, Inc. compare 58.7%
NJR NewJersey Resources Corporation compare 57.2%
CTRI Centuri Holdings, Inc. compare 8.00%
CPK Chesapeake Utilities Corporation compare 0.00%
BKH Bright Horizon Energy Corporation compare 0.00%
Utilities Regulated Gas industry median 63.3%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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