NWN · Northwest Natural Holding Co - 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 · NWN

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.29B	$1.15B	$1.20B	$1.04B	$860.40M	$773.68M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$1.01B	$961.85M	$1.01B	$869.88M	$697.28M	$625.33M
D&A	$165.51M	$137.90M	$125.58M	$116.71M	$113.53M	$103.68M
Operating Income	$280.89M	$191.14M	$184.94M	$167.48M	$163.12M	$148.35M
Interest Expense	-	-	-	-	-	-
Income Tax	$41.36M	$31.07M	$32.36M	$29.13M	$27.41M	$21.08M
Net Income	$113.32M	$78.87M	$93.87M	$86.30M	$78.67M	$76.78M
EPS - Basic	$2.77	$2.03	$2.59	$2.54	$2.56	$2.51
EPS - Diluted	$2.77	$2.03	$2.59	$2.54	$2.56	$2.51

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$36.67M	$38.49M	$32.92M	$29.27M	$18.56M	$30.17M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	$175.57M	$133.27M	$145.36M	$180.67M	$133.49M	$97.97M
Current Assets	$602.93M	$557.77M	$601.44M	$744.21M	$437.28M	$323.25M
Total Assets	$6.17B	$5.23B	$4.87B	$4.75B	$4.06B	$3.76B
Current Liabilities	$836.45M	$649.02M	$696.88M	$898.73M	$724.76M	$627.08M
Long-term Debt	$2.27B	$1.68B	$1.43B	$1.25B	$1.04B	$860.08M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$1.48B	$1.39B	$1.28B	$1.18B	$935.15M	$888.73M
Retained Earnings	$435.82M	$402.93M	$399.91M	$376.47M	$355.78M	$336.52M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$269.12M	$200.28M	$279.95M	$147.67M	$160.35M	$143.02M
Investing Cash Flow	($808.90M)	($428.99M)	($335.50M)	($435.46M)	($300.12M)	($294.28M)
Financing Cash Flow	$532.87M	$227.06M	$64.21M	$301.63M	$131.44M	$171.78M
CapEx	$466.89M	$394.40M	$327.35M	$338.60M	$293.89M	$273.02M
Free Cash Flow	($197.77M)	($194.12M)	($47.40M)	($190.93M)	($133.54M)	($130.00M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	21.8%	16.6%	15.4%	16.1%	19.0%	19.2%
EBITDA margin	34.6%	28.5%	25.9%	27.4%	32.2%	32.6%
Net margin	8.8%	6.8%	7.8%	8.3%	9.1%	9.9%
Free cash flow margin	-15.3%	-16.8%	-4.0%	-18.4%	-15.5%	-16.8%
FCF / Net income	-1.75	-2.46	-0.50	-2.21	-1.70	-1.69
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	26.7%	28.3%	25.6%	25.2%	25.8%	21.5%
Return on assets	1.8%	1.5%	1.9%	1.8%	1.9%	2.0%
Return on equity	7.7%	5.7%	7.3%	7.3%	8.4%	8.6%
Return on invested capital	5.5%	4.5%	5.1%	5.2%	6.1%	6.7%
Liquidity
Current ratio	0.72	0.86	0.86	0.83	0.60	0.52
Quick ratio	0.72	0.86	0.86	0.83	0.60	0.52
Cash ratio	0.04	0.06	0.05	0.03	0.03	0.05
Leverage
Debt / Equity	1.54	1.21	1.11	1.06	1.12	0.97
Debt / Assets	0.37	0.32	0.29	0.26	0.26	0.23
Debt / EBITDA	5.09	5.10	4.59	4.39	3.78	3.41
Interest coverage	-	-	-	-	-	-
Equity multiplier	4.18	3.78	3.79	4.04	4.35	4.23
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.21	0.22	0.25	0.22	0.21	0.21
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	16.9x	19.5x	15.0x	18.7x	19.1x	18.3x
P / B	1.3x	1.1x	1.1x	1.4x	1.6x	1.6x
P / S	1.5x	1.3x	1.2x	1.6x	1.7x	1.8x
EV / EBITDA	9.3x	9.7x	9.0x	10.0x	9.1x	8.9x
Growth
Revenue growth (YoY)	11.8%	-3.7%	15.4%	20.6%	11.2%	3.7%
Revenue CAGR (3y)	7.5%	10.2%	15.7%	11.6%	8.8%	-
Revenue CAGR (5y)	10.8%	9.1%	12.4%	-	-	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	47.0%	3.4%	10.4%	2.7%	10.0%	3.4%
Net income growth (YoY)	43.7%	-16.0%	8.8%	9.7%	2.5%	24.4%
EPS growth (YoY)	36.5%	-21.6%	2.0%	-0.8%	2.0%	21.3%
EPS CAGR (3y)	2.9%	-7.4%	1.1%	7.1%	6.5%	-
EPS CAGR (5y)	2.0%	-0.4%	4.1%	-	-	-
FCF growth (YoY)	-1.9%	-309.5%	75.2%	-43.0%	-2.7%	-240.5%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	6.5%	7.9%	9.2%	25.7%	5.2%	2.6%

Sales by segment

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

Business segments

$3.54B total

Northwest Natural Gas Company$1.13B · 31.8%

NWNGas Utility$1.10B · 31.0%

Natural Gas Distribution$1.10B · 31.0%

Si Energy Gas Utility$65.98M · 1.9%

NWNWater Utility$65.65M · 1.9%

NWHoldings Other$60.95M · 1.7%

NWNatural Other$28.33M · 0.8%

Product / service

$121.87M total

Alternativerevenue$60.92M · 50.0%

Renewable Natural Gas Sales$29.16M · 23.9%

Gas Storage Revenue Netof Regulatory Sharing$16.77M · 13.8%

Asset Management Revenue Netof Regulatory Sharing$6.82M · 5.6%

Appliance Center Revenue$4.74M · 3.9%

Natural Gas Sales$3.46M · 2.8%

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: Natural Gas Distribution

Company	Revenue (last FY)	Net margin	ROE
NFG	$2.28B	22.8%	16.8%
ATO	$4.70B	25.5%	8.8%
NJR	$1.35B	24.8%	14.0%
LNG	$19.98B	26.7%	67.3%
SR	$2.48B	11.0%	8.0%

Comparing Northwest Natural Holding Co against the 5 most active filers in the same SIC group.

Dividends

$1.97/share trailing 12 months · +0.6% YoY

Ex-date	Per share
Apr 30, 2026	$0.4930
Jan 30, 2026	$0.4930
Oct 31, 2025	$0.4930
Jul 31, 2025	$0.4900
Apr 30, 2025	$0.4900
Jan 31, 2025	$0.4900
Oct 31, 2024	$0.4900
Jul 31, 2024	$0.4880
Apr 29, 2024	$0.4880
Jan 30, 2024	$0.4880
Oct 30, 2023	$0.4880
Jul 28, 2023	$0.4850
Apr 27, 2023	$0.4850
Jan 30, 2023	$0.4850
Oct 28, 2022	$0.4850
Jul 28, 2022	$0.4830
Apr 28, 2022	$0.4830
Jan 28, 2022	$0.4830
Oct 28, 2021	$0.4830
Jul 29, 2021	$0.4800
Apr 29, 2021	$0.4800
Jan 28, 2021	$0.4800
Oct 29, 2020	$0.4800
Jul 30, 2020	$0.4780