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. While NWN is still in line with the averages on profitability rating, there are concerns on its financial health. NWN is not valued too expensively and it also shows a decent growth rate. Finally NWN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- NWN had positive earnings in the past year.
- In the past year NWN had a positive cash flow from operations.
- 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
- With a Return On Assets value of 1.72%, NWN is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
- With a Return On Equity value of 7.01%, NWN is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
- 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.
- Measured over the past 3 years, the Average Return On Invested Capital for NWN is significantly below the industry average of 8.49%.
- The 3 year average ROIC (3.03%) for NWN is below the current ROIC(3.50%), indicating increased profibility in the last year.
| 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
- With a Profit Margin value of 7.94%, NWN is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
- NWN's Profit Margin has declined in the last couple of years.
- NWN has a Operating Margin (20.07%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of NWN has remained more or less at the same level.
- NWN has a Gross Margin of 64.40%. This is in the better half of the industry: NWN outperforms 64.29% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NWN is destroying value.
- The number of shares outstanding for NWN has been increased compared to 1 year ago.
- NWN has more shares outstanding than it did 5 years ago.
- NWN has a worse debt/assets ratio than last year.
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.
- The Altman-Z score of NWN (0.67) is worse than 71.43% of its industry peers.
- A Debt/Equity ratio of 1.62 is on the high side and indicates that NWN has dependencies on debt financing.
- The Debt to Equity ratio of NWN (1.62) is worse than 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.
- Looking at the Current ratio, with a value of 0.59, NWN is doing worse than 71.43% of the companies in the same industry.
- A Quick Ratio of 0.43 indicates that NWN may have some problems paying its short term obligations.
- NWN has a worse Quick ratio (0.43) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
- NWN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.38%, which is quite impressive.
- NWN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.09% yearly.
- NWN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.27%.
- Measured over the past years, NWN shows a quite strong growth in Revenue. The Revenue has been growing by 9.09% on average per year.
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.
- Based on estimates for the next years, NWN will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 17.46 indicates a rather expensive valuation of NWN.
- NWN's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 26.99, NWN is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 16.62, the valuation of NWN can be described as correct.
- The rest of the industry has a similar Price/Forward Earnings ratio as NWN.
- NWN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.46 | ||
| Fwd PE | 16.62 |
4.2 Price Multiples
- NWN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NWN is cheaper than 64.29% of the companies 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%.
- Compared to an average industry Dividend Yield of 3.61, NWN pays a bit more dividend than its industry peers.
- NWN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.84%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- 76.25% of the earnings are spent on dividend by NWN. 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%.