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) Operating margin

Alert me on Operating margin

Northwest Natural Gas Company's operating margin over the twelve months to 30 September 2026 was 22.9%, up 1.1 percentage points from fiscal 2025 (21.8%). Over the past ten years it has ranged from 15.4% (fiscal 2023) to 22.6% (fiscal 2016); the current reading is higher than 91% of that period. That is in line with the Utilities Regulated Gas industry median of 22.8% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 21.8% 5.21
FY2024 16.6% 1.14
FY2023 15.4% (0.70)
FY2022 16.1% (2.82)
FY2021 19.0% (0.21)
FY2020 19.2% (0.05)
FY2019 19.2% 0.50
FY2018 18.7% (1.27)
FY2017 20.0% (2.57)
FY2016 22.6% 5.39

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −4.89% (18.50)
Jun 2026 13.6% (19.60)
Mar 2026 33.2% 4.86
Dec 2025 28.4% 35.89
43 more quarters

Against its own ten years

Low 15.4% High 22.6%
Ten-year median 19.0%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
CPK Chesapeake Utilities Corporation compare 27.2%
NJR NewJersey Resources Corporation compare 24.8%
BKH Bright Horizon Energy Corporation compare 24.3%
NWN Northwest Natural Gas Company 22.9%
SR Spire Inc. compare 22.7%
OGS ONE Gas, Inc. compare 21.1%
MDU MDU Resources Group, Inc. compare 17.0%
SPH Suburban Propane Partners, L.P. compare 15.1%
CTRI Centuri Holdings, Inc. compare 3.15%
Utilities Regulated Gas industry median 22.8%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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