NORTHWEST NATURAL HOLDING CO (NWN) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:NWN • US66765N1054
48.83 USD
+0.52 (+1.08%)
Last: Feb 11, 2026, 01:59 PM
Overall NWN gets a fundamental rating of 3 out of 10. We evaluated NWN 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.
- In the past 5 years NWN has always been profitable.
- Each year in the past 5 years NWN had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of NWN (1.72%) is worse than 85.71% of its industry peers.
- Looking at the Return On Equity, with a value of 7.01%, NWN is doing worse than 78.57% of the companies in the same industry.
- 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 8.48%.
- 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
- Looking at the Profit Margin, with a value of 7.94%, NWN is doing worse than 71.43% of the companies in the same industry.
- In the last couple of years the Profit Margin of NWN has declined.
- Looking at the Operating Margin, with a value of 20.07%, NWN is in line with its industry, outperforming 57.14% of the companies in the same industry.
- NWN's Operating Margin has been stable in the last couple of years.
- NWN has a better Gross Margin (64.40%) than 64.29% of its industry peers.
- NWN's Gross Margin has been stable in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NWN is destroying value.
- Compared to 1 year ago, NWN has more shares outstanding
- NWN has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for NWN is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.66, we must say that NWN is in the distress zone and has some risk of bankruptcy.
- NWN has a Altman-Z score of 0.66. This is in the lower half of the industry: NWN underperforms 71.43% of its industry peers.
- NWN has a Debt/Equity ratio of 1.62. This is a high value indicating a heavy dependency on external 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 | 0.66 |
ROIC/WACC0.58
WACC6.08%
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.
- With a Quick ratio value of 0.43, NWN is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| 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.
- The Earnings Per Share has been decreasing by -0.09% on average over the past years.
- The Revenue has grown by 11.27% in the past year. This is quite good.
- 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
- NWN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.04% yearly.
- NWN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.47% yearly.
EPS Next Y26.69%
EPS Next 2Y14%
EPS Next 3Y11.98%
EPS Next 5Y9.04%
Revenue Next Year10.85%
Revenue Next 2Y8.3%
Revenue Next 3Y6.94%
Revenue Next 5Y6.47%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- Based on the Price/Earnings ratio of 17.01, the valuation of NWN can be described as rather expensive.
- 64.29% of the companies in the same industry are more expensive than NWN, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.03, NWN is valued a bit cheaper.
- NWN is valuated correctly with a Price/Forward Earnings ratio of 16.20.
- NWN's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of NWN to the average of the S&P500 Index (27.97), we can say NWN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.01 | ||
| Fwd PE | 16.2 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NWN is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.65 |
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)0.64
PEG (5Y)N/A
EPS Next 2Y14%
EPS Next 3Y11.98%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.06%, NWN is a good candidate for dividend investing.
- NWN's Dividend Yield is a higher than the industry average which is at 3.66.
- Compared to an average S&P500 Dividend Yield of 1.80, NWN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
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.
- NWN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP76.25%
EPS Next 2Y14%
EPS Next 3Y11.98%
NYSE:NWN (2/11/2026, 1:59:57 PM)
48.83
+0.52 (+1.08%)
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 Change-1.14%
Ins Owners0.5%
Ins Owner Change-14.58%
Market Cap2.03B
Revenue(TTM)1.27B
Net Income(TTM)100.53M
Analysts86.67
Price Target55.42 (13.5%)
Short Float %2.88%
Short Ratio4.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
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 | 17.01 | ||
| Fwd PE | 16.2 | ||
| P/S | 1.6 | ||
| P/FCF | N/A | ||
| P/OCF | 8.22 | ||
| P/B | 1.41 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)2.87
EY5.88%
EPS(NY)3.01
Fwd EY6.17%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)5.94
OCFY12.16%
SpS30.5
BVpS34.55
TBVpS25.61
PEG (NY)0.64
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 | 0.66 |
F-Score5
WACC6.08%
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 5Y9.04%
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 17.01 and the Price/Book (PB) ratio is 1.41.
Is the dividend of NORTHWEST NATURAL HOLDING CO sustainable?
The dividend rating of NORTHWEST NATURAL HOLDING CO (NWN) is 8 / 10 and the dividend payout ratio is 76.25%.