MDU · Mdu Resources Group Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MDU

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.88B	$1.76B	$4.66B	$6.97B	$5.68B	$5.53B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$433.02M	$414.49M	$2.97B	$4.98B	$4.08B	$4.03B
Total Operating Expenses	$1.58B	$1.49B	$4.23B	$6.40B	$5.15B	$4.99B
D&A	$206.71M	$200.08M	$213.60M	$327.83M	$299.21M	$285.10M
Operating Income	$290.38M	$265.64M	$425.98M	$573.95M	$534.22M	$544.92M
Interest Expense	$107.75M	$108.35M	$114.31M	$119.27M	$93.98M	$96.52M
Income Tax	$19.57M	$17.59M	$59.47M	$94.78M	$88.92M	$84.59M
Net Income	$190.40M	$281.11M	$414.71M	$367.49M	$378.13M	$390.20M
EPS - Basic	$0.93	$1.38	$1.13	$0.69	$0.71	$0.74
EPS - Diluted	$0.93	$1.37	$1.12	$0.69	$0.71	$0.74

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$28.21M	$66.90M	$76.97M	$80.52M	$54.16M	$59.55M
Accounts Receivable	$258.63M	$274.30M	$942.78M	$1.31B	$946.74M	$873.99M
Inventory	$39.05M	$44.94M	$87.39M	$387.52M	$335.61M	$291.17M
Accounts Payable	$148.97M	$150.07M	$475.21M	$657.17M	$478.93M	$426.26M
Current Assets	$572.44M	$666.26M	$1.36B	$2.01B	$1.55B	$1.34B
Total Assets	$7.62B	$7.04B	$7.83B	$9.66B	$8.91B	$8.05B
Current Liabilities	$685.22M	$678.60M	$1.08B	$1.48B	$1.09B	$963.52M
Long-term Debt	$2.53B	$2.13B	$2.24B	$2.76B	$2.59B	$2.21B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$2.77B	$2.69B	$2.91B	$3.59B	$3.38B	$3.08B
Retained Earnings	$1.11B	$1.03B	$1.25B	$1.95B	$1.76B	$1.56B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$473.37M	$502.32M	$332.63M	$510.06M	$495.78M	$768.37M
Investing Cash Flow	($780.86M)	($552.68M)	($540.79M)	($638.88M)	($885.88M)	($630.24M)
Financing Cash Flow	$268.80M	$40.30M	$204.62M	$155.17M	$384.71M	($145.04M)
CapEx	$770.39M	$522.82M	$519.73M	$656.59M	$659.42M	$558.01M
Free Cash Flow	($297.03M)	($20.51M)	($187.10M)	($146.52M)	($163.65M)	$210.37M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	15.5%	15.1%	9.1%	8.2%	9.4%	9.8%
EBITDA margin	26.5%	26.5%	13.7%	12.9%	14.7%	15.0%
Net margin	10.2%	16.0%	8.9%	5.3%	6.7%	7.1%
Free cash flow margin	-15.8%	-1.2%	-4.0%	-2.1%	-2.9%	3.8%
FCF / Net income	-1.56	-0.07	-0.45	-0.40	-0.43	0.54
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	23.1%	23.6%	63.8%	71.4%	71.8%	72.8%
Effective tax rate	9.3%	5.9%	12.5%	20.5%	19.0%	17.8%
Return on assets	2.5%	4.0%	5.3%	3.8%	4.2%	4.8%
Return on equity	6.9%	10.4%	14.3%	10.2%	11.2%	12.7%
Return on invested capital	5.0%	5.2%	7.2%	7.2%	7.2%	8.5%
Liquidity
Current ratio	0.84	0.98	1.27	1.36	1.42	1.39
Quick ratio	0.78	0.92	1.19	1.10	1.11	1.09
Cash ratio	0.04	0.10	0.07	0.05	0.05	0.06
Leverage
Debt / Equity	0.91	0.79	0.77	0.77	0.77	0.72
Debt / Assets	0.33	0.30	0.29	0.29	0.29	0.27
Debt / EBITDA	5.09	4.58	3.50	3.06	3.11	2.66
Interest coverage	2.7x	2.5x	3.7x	4.8x	5.7x	5.6x
Equity multiplier	2.75	2.62	2.70	2.69	2.63	2.62
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.25	0.25	0.59	0.72	0.64	0.69
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	50d	57d	74d	68d	61d	58d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	21.0x	13.2x	9.8x	16.8x	16.5x	13.5x
P / B	1.4x	1.4x	0.8x	0.7x	0.7x	0.7x
P / S	2.1x	2.1x	0.5x	0.3x	0.4x	0.4x
EV / EBITDA	13.1x	12.4x	6.9x	5.6x	5.9x	5.0x
Growth
Revenue growth (YoY)	6.7%	-62.3%	-33.2%	22.8%	2.7%	3.7%
Revenue CAGR (3y)	-35.5%	-32.4%	-5.6%	9.3%	7.8%	7.6%
Revenue CAGR (5y)	-19.5%	-19.9%	0.5%	9.4%	6.6%	5.7%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	9.3%	-37.6%	-25.8%	7.4%	-2.0%	13.2%
Net income growth (YoY)	-32.3%	-32.2%	12.8%	-2.8%	-3.1%	38.8%
EPS growth (YoY)	-32.1%	21.8%	63.4%	-3.2%	-4.1%	-56.1%
EPS CAGR (3y)	10.6%	24.4%	14.9%	-25.9%	-20.0%	-19.7%
EPS CAGR (5y)	4.6%	-4.1%	-4.1%	-13.6%	16.6%	-
FCF growth (YoY)	-1348.5%	89.0%	-27.7%	10.5%	-	-
FCF CAGR (5y)	-	-	-	-	-	67.9%
Book value growth (YoY)	3.1%	-7.4%	-19.0%	6.0%	9.9%	8.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.87B total

Natural Gas Distribution$1.28B · 68.5%

Electric$437.78M · 23.4%

Pipelineand Midstream$154.16M · 8.2%

Corporate And Other($722.0K) · -0.0%

Product / service

$164.41M total

Other Revenues$74.16M · 45.1%

Natural Gas Transportation$66.98M · 40.7%

Natural Gas Storage$23.27M · 14.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Company	Revenue (last FY)	Net margin	ROE
VMC	$7.94B	13.6%	12.6%
CMP	$1.24B	-6.4%	-34.1%
UUUU	$65.92M	-129.9%	-12.6%
MLM	$6.15B	18.5%	11.3%
SND	$330.15M	0.4%	0.6%

Comparing MDU RESOURCES GROUP INC against the 5 most active filers in the same SIC group.

Dividends

$0.55/share trailing 12 months · +37.1% YoY

Ex-date	Per share
Mar 12, 2026	$0.1400
Dec 11, 2025	$0.1400
Sep 11, 2025	$0.1400
Jun 12, 2025	$0.1300
Mar 13, 2025	$0.1300
Dec 12, 2024	$0.1300
Sep 12, 2024	$0.0720
Jun 13, 2024	$0.0693
Mar 13, 2024	$0.0693
Dec 13, 2023	$0.0693
Sep 13, 2023	$0.0693
Jun 12, 2023	$0.1235
Mar 8, 2023	$0.0848
Dec 7, 2022	$0.0848
Sep 7, 2022	$0.0829
Jun 8, 2022	$0.0829
Mar 9, 2022	$0.0829
Dec 8, 2021	$0.0829
Sep 8, 2021	$0.0810
Jun 9, 2021	$0.0810
Mar 10, 2021	$0.0810
Dec 9, 2020	$0.0810
Sep 9, 2020	$0.0791
Jun 10, 2020	$0.0791