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MDU Resources Group (MDU) operating margin by quarter

MDU Resources Group's operating margin was 13.7% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026. Over the last 7 quarters it ranged from 8.6% (Q2 2025) to 20.1% (Q4 2025).

MDU Resources Group operating margin by quarterMDU Resources Group operating margin by quarter16.7%Q1 20258.6%Q2 202512.6%Q3 202520.1%Q4 202519.1%Q1 202612.8%Q2 202613.7%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202613.7%+0.9 pts+1.0 pts
Q2 202612.8%-6.3 pts+4.1 pts
Q1 202619.1%-1.0 pts+2.4 pts
Q4 202520.1%+7.5 pts—
Q3 202512.6%+4.0 pts—
Q2 20258.6%-8.1 pts—
Q1 202516.7%——

Q3 2026 at a glance

MDU Resources Group, Q3 2026: revenue $348M (+10% year over year), operating margin 13.7%, net earnings $14.1M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is MDU Resources Group's operating margin?

MDU Resources Group's operating margin was 13.7% in Q3 2026 (third quarter 2026), +0.9 pts from Q2 2026.

How has MDU Resources Group's operating margin changed?

Over the last 7 quarters it ranged from 8.6% (Q2 2025) to 20.1% (Q4 2025).

Q3 2026 results → · How MDU Resources Group makes money →