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MDU Resources Group vs Northwest Natural Holding: MDU and NWN compared
MDU Resources Group is the larger company: $348M of revenue in its latest quarter (Q3 2026) against $178M for Northwest Natural Holding (Q3 2026). MDU Resources Group is growing faster (+10% against +8% a year earlier). MDU Resources Group is more profitable, with an operating margin of 13.7% against -4.9%.
Where the money goes: MDU and NWN
MDU Resources Group (MDU) · Q3 2026
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.
Northwest Natural Holding (NWN) · Q3 2026
Northwest Natural Holding, Q3 2026: revenue $178M (+8% year over year), operating margin -4.9%, net loss $29.8M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| MDU Resources Group (MDU) | Northwest Natural Holding (NWN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $348M | $178M |
| Revenue growth, Y/Y | +10% | +8% |
| Operating margin | 13.7% | -4.9% |
| Net earnings | $14.1M | −$29.8M |
| Net margin | 4.1% | -16.8% |
| Operating cash flow | $82.3M | −$12.7M |
| Market value | $4.0B | — |
| P/E | 20.8× | — |
| Analysts’ mean target | $23.00 | — |
Questions
Which is bigger, MDU Resources Group or Northwest Natural Holding?
MDU Resources Group is the larger company: $348M of revenue in its latest quarter (Q3 2026) against $178M for Northwest Natural Holding (Q3 2026).
Is MDU Resources Group or Northwest Natural Holding growing faster?
MDU Resources Group is growing faster (+10% against +8% a year earlier).
Which is more profitable, MDU Resources Group or Northwest Natural Holding?
MDU Resources Group is more profitable, with an operating margin of 13.7% against -4.9%.
More: MDU Resources Group earnings · how MDU Resources Group makes money · Northwest Natural Holding earnings · how Northwest Natural Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.