NORTHWEST NATURAL HOLDING CO (NWN) Stock Fundamental Analysis
NYSE:NWN • US66765N1054
50.11 USD
+0.81 (+1.64%)
At close: Feb 20, 2026
50.06 USD
-0.05 (-0.1%)
After Hours: 2/20/2026, 8:04:00 PM
NWN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 14 industry peers in the Gas Utilities industry. There are concerns on the financial health of NWN while its profitability can be described as average. NWN has a decent growth rate and is not valued too expensively. NWN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- NWN had positive earnings in the past year.
- NWN had a positive operating cash flow in the past year.
- Each year in the past 5 years NWN has been profitable.
- In the past 5 years NWN always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of NWN (1.72%) is worse than 85.71% of its industry peers.
- NWN's Return On Equity of 7.01% is on the low side compared to the rest of the industry. NWN is outperformed by 78.57% of its industry peers.
- NWN has a Return On Invested Capital of 3.50%. This is amonst the worse of the industry: NWN underperforms 92.86% of its industry peers.
- NWN had an Average Return On Invested Capital over the past 3 years of 3.03%. This is significantly below the industry average of 8.49%.
- The last Return On Invested Capital (3.50%) for NWN is above the 3 year average (3.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROIC | 3.5% |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
1.3 Margins
- NWN has a worse Profit Margin (7.94%) than 71.43% of its industry peers.
- In the last couple of years the Profit Margin of NWN has declined.
- NWN has a Operating Margin of 20.07%. This is comparable to the rest of the industry: NWN outperforms 57.14% of its industry peers.
- NWN's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 64.40%, NWN is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
- In the last couple of years the Gross Margin of NWN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% |
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
2. Health
2.1 Basic Checks
- NWN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, NWN has more shares outstanding
- Compared to 5 years ago, NWN has more shares outstanding
- The debt/assets ratio for NWN is higher compared to a year ago.
2.2 Solvency
- NWN has an Altman-Z score of 0.67. This is a bad value and indicates that NWN is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 0.67, NWN is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
- A Debt/Equity ratio of 1.62 is on the high side and indicates that NWN has dependencies on debt financing.
- NWN's Debt to Equity ratio of 1.62 is on the low side compared to the rest of the industry. NWN is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.58
WACC6.06%
2.3 Liquidity
- A Current Ratio of 0.59 indicates that NWN may have some problems paying its short term obligations.
- NWN's Current ratio of 0.59 is on the low side compared to the rest of the industry. NWN is outperformed by 71.43% of its industry peers.
- A Quick Ratio of 0.43 indicates that NWN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.43, NWN is doing worse than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 35.38% over the past year.
- Measured over the past years, NWN shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.09% on average per year.
- Looking at the last year, NWN shows a quite strong growth in Revenue. The Revenue has grown by 11.27% in the last year.
- NWN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.09% yearly.
EPS 1Y (TTM)35.38%
EPS 3Y-3.23%
EPS 5Y-0.09%
EPS Q2Q%-2.82%
Revenue 1Y (TTM)11.27%
Revenue growth 3Y10.25%
Revenue growth 5Y9.09%
Sales Q2Q%20.3%
3.2 Future
- Based on estimates for the next years, NWN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.34% on average per year.
- The Revenue is expected to grow by 6.47% on average over the next years.
EPS Next Y26.69%
EPS Next 2Y14%
EPS Next 3Y11.98%
EPS Next 5Y9.34%
Revenue Next Year10.85%
Revenue Next 2Y8.3%
Revenue Next 3Y6.94%
Revenue Next 5Y6.47%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 17.46, which indicates a rather expensive current valuation of NWN.
- NWN's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of NWN to the average of the S&P500 Index (26.99), we can say NWN is valued slightly cheaper.
- NWN is valuated correctly with a Price/Forward Earnings ratio of 16.62.
- NWN's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, NWN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.46 | ||
| Fwd PE | 16.62 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NWN indicates a somewhat cheap valuation: NWN is cheaper than 64.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.74 |
4.3 Compensation for Growth
- NWN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y14%
EPS Next 3Y11.98%
5. Dividend
5.1 Amount
- NWN has a Yearly Dividend Yield of 3.95%.
- NWN's Dividend Yield is a higher than the industry average which is at 3.61.
- Compared to an average S&P500 Dividend Yield of 1.85, NWN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
5.2 History
- The dividend of NWN has a limited annual growth rate of 0.84%.
- NWN has been paying a dividend for at least 10 years, so it has a reliable track record.
- NWN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.84%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- NWN pays out 76.25% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of NWN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP76.25%
EPS Next 2Y14%
EPS Next 3Y11.98%
50.11
+0.81 (+1.64%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)02-27 2026-02-27/amc
Inst Owners83.43%
Inst Owner Change2.1%
Ins Owners0.5%
Ins Owner Change-14.72%
Market Cap2.08B
Revenue(TTM)1.27B
Net Income(TTM)100.53M
Analysts86.67
Price Target55.42 (10.6%)
Short Float %3.01%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
Yearly Dividend1.87
Dividend Growth(5Y)0.84%
DP76.25%
Div Incr Years24
Div Non Decr Years24
Ex-Date01-30 2026-01-30 (0.4925)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)60.12%
Min EPS beat(2)12.5%
Max EPS beat(2)107.74%
EPS beat(4)4
Avg EPS beat(4)33.06%
Min EPS beat(4)1.65%
Max EPS beat(4)107.74%
EPS beat(8)6
Avg EPS beat(8)21.88%
EPS beat(12)10
Avg EPS beat(12)37.18%
EPS beat(16)13
Avg EPS beat(16)42.99%
Revenue beat(2)0
Avg Revenue beat(2)-7.13%
Min Revenue beat(2)-7.45%
Max Revenue beat(2)-6.8%
Revenue beat(4)1
Avg Revenue beat(4)-4.62%
Min Revenue beat(4)-7.45%
Max Revenue beat(4)2.82%
Revenue beat(8)2
Avg Revenue beat(8)-4.24%
Revenue beat(12)6
Avg Revenue beat(12)2.76%
Revenue beat(16)10
Avg Revenue beat(16)5.05%
PT rev (1m)3%
PT rev (3m)3.99%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)-3.86%
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)-2.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.46 | ||
| Fwd PE | 16.62 | ||
| P/S | 1.64 | ||
| P/FCF | N/A | ||
| P/OCF | 8.44 | ||
| P/B | 1.45 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 9.74 |
EPS(TTM)2.87
EY5.73%
EPS(NY)3.01
Fwd EY6.02%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)5.94
OCFY11.85%
SpS30.5
BVpS34.55
TBVpS25.61
PEG (NY)0.65
PEG (5Y)N/A
Graham Number47.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROCE | 4.97% | ||
| ROIC | 3.5% | ||
| ROICexc | 3.52% | ||
| ROICexgc | 3.79% | ||
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% | ||
| FCFM | N/A |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
ROICexc(3y)3.05%
ROICexc(5y)3.11%
ROICexgc(3y)3.17%
ROICexgc(5y)3.21%
ROCE(3y)4.32%
ROCE(5y)4.52%
ROICexgc growth 3Y-2%
ROICexgc growth 5Y0.38%
ROICexc growth 3Y-2.67%
ROICexc growth 5Y-0.09%
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.32 | ||
| Cap/Depr | 236.47% | ||
| Cap/Sales | 34.18% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 56.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 0.67 |
F-Score5
WACC6.06%
ROIC/WACC0.58
Cap/Depr(3y)266.77%
Cap/Depr(5y)264.49%
Cap/Sales(3y)31.39%
Cap/Sales(5y)32.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.38%
EPS 3Y-3.23%
EPS 5Y-0.09%
EPS Q2Q%-2.82%
EPS Next Y26.69%
EPS Next 2Y14%
EPS Next 3Y11.98%
EPS Next 5Y9.34%
Revenue 1Y (TTM)11.27%
Revenue growth 3Y10.25%
Revenue growth 5Y9.09%
Sales Q2Q%20.3%
Revenue Next Year10.85%
Revenue Next 2Y8.3%
Revenue Next 3Y6.94%
Revenue Next 5Y6.47%
EBIT growth 1Y40.09%
EBIT growth 3Y5.43%
EBIT growth 5Y8.76%
EBIT Next Year123.93%
EBIT Next 3Y36.39%
EBIT Next 5Y23.44%
FCF growth 1Y-302.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.99%
OCF growth 3Y7.69%
OCF growth 5Y1.57%
NORTHWEST NATURAL HOLDING CO / NWN FAQ
What is the fundamental rating for NWN stock?
ChartMill assigns a fundamental rating of 3 / 10 to NWN.
What is the valuation status of NORTHWEST NATURAL HOLDING CO (NWN) stock?
ChartMill assigns a valuation rating of 4 / 10 to NORTHWEST NATURAL HOLDING CO (NWN). This can be considered as Fairly Valued.
What is the profitability of NWN stock?
NORTHWEST NATURAL HOLDING CO (NWN) has a profitability rating of 4 / 10.
What is the valuation of NORTHWEST NATURAL HOLDING CO based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NORTHWEST NATURAL HOLDING CO (NWN) is 17.46 and the Price/Book (PB) ratio is 1.45.
Is the dividend of NORTHWEST NATURAL HOLDING CO sustainable?
The dividend rating of NORTHWEST NATURAL HOLDING CO (NWN) is 7 / 10 and the dividend payout ratio is 76.25%.