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Stocks · Energy · Natural Gas Distribution

Northwest Natural Holding Co

NWN Clue Score47
United States Fiscal year ends December CIK 0001733998
$47.73 -0.15% Close, 9 Oct 2026
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Price $47.73 +2.40% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue668.2Operating income150.7Net income58.9EPS, diluted2.12Fiscal year 2017Revenue755.0 +13.0%Operating income150.9Net income−55.6 −194.4%EPS, diluted−1.93 −191.0%Fiscal year 2018Revenue706.1 −6.5%Operating income132.2Net income64.6EPS, diluted2.24Fiscal year 2019Revenue746.4 +5.7%Operating income143.5Net income61.7 −4.4%EPS, diluted2.07 −7.6%Fiscal year 2020Revenue773.7 +3.7%Operating income148.4Net income76.8 +24.4%EPS, diluted2.51 +21.3%Fiscal year 2021Revenue860.4 +11.2%Operating income163.1Net income78.7 +2.5%EPS, diluted2.56 +2.0%Fiscal year 2022Revenue1,037.4 +20.6%Operating income167.5Net income86.3 +9.7%EPS, diluted2.54 −0.8%Fiscal year 2023Revenue1,197.5 +15.4%Operating income184.9Net income93.9 +8.8%EPS, diluted2.59 +2.0%Fiscal year 2024Revenue1,153.0 −3.7%Operating income191.1Net income78.9 −16.0%EPS, diluted2.03 −21.6%Fiscal year 2025Revenue1,289.4 +11.8%Operating income280.9Net income113.3 +43.7%EPS, diluted2.77 +36.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 668.2 755.0 706.1 746.4 773.7 860.4 1,037.4 1,197.5 1,153.0 1,289.4
Growth +13.0% −6.5% +5.7% +3.7% +11.2% +20.6% +15.4% −3.7% +11.8%
Operating income 150.7 150.9 132.2 143.5 148.4 163.1 167.5 184.9 191.1 280.9
Net income 58.9 −55.6 64.6 61.7 76.8 78.7 86.3 93.9 78.9 113.3
Growth −194.4% −4.4% +24.4% +2.5% +9.7% +8.8% −16.0% +43.7%
EPS, diluted 2.12 −1.93 2.24 2.07 2.51 2.56 2.54 2.59 2.03 2.77
Growth −191.0% −7.6% +21.3% +2.0% −0.8% +2.0% −21.6% +36.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin22.6%Net margin8.8%Free cash flow margin12.5%Fiscal year 2017Operating margin20.0%Net margin−7.4%Free cash flow margin−0.9%Fiscal year 2018Operating margin18.7%Net margin9.1%Free cash flow margin−6.5%Fiscal year 2019Operating margin19.2%Net margin8.3%Free cash flow margin−5.0%Fiscal year 2020Operating margin19.2%Net margin9.9%Free cash flow margin−16.5%Fiscal year 2021Operating margin19.0%Net margin9.1%Free cash flow margin−15.5%Fiscal year 2022Operating margin16.1%Net margin8.3%Free cash flow margin−18.4%Fiscal year 2023Operating margin15.4%Net margin7.8%Free cash flow margin−4.0%Fiscal year 2024Operating margin16.6%Net margin6.8%Free cash flow margin−16.8%Fiscal year 2025Operating margin21.8%Net margin8.8%Free cash flow margin−15.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 22.6% 20.0% 18.7% 19.2% 19.2% 19.0% 16.1% 15.4% 16.6% 21.8%
Net margin 8.8% −7.4% 9.1% 8.3% 9.9% 9.1% 8.3% 7.8% 6.8% 8.8%
Free cash flow margin 12.5% −0.9% −6.5% −5.0% −16.5% −15.5% −18.4% −4.0% −16.8% −15.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow222.1Capital expenditure−138.4Free cash flow83.8Buybacks−1.0Dividends paid−51.5Fiscal year 2017Operating cash flow206.7Capital expenditure−213.3Free cash flow−6.6 −107.9%Buybacks−2.0Dividends paid−54.0Fiscal year 2018Operating cash flow168.8Capital expenditure−214.6Free cash flow−45.9Buybacks0.0Dividends paid−51.3Fiscal year 2019Operating cash flow186.0Capital expenditure−223.5Free cash flow−37.5Buybacks0.0Dividends paid−53.3Fiscal year 2020Operating cash flow145.3Capital expenditure−273.0Free cash flow−127.7Dividends paid−55.4Fiscal year 2021Operating cash flow160.4Capital expenditure−293.9Free cash flow−133.5Dividends paid−55.9Fiscal year 2022Operating cash flow147.7Capital expenditure−338.6Free cash flow−190.9Dividends paid−62.8Fiscal year 2023Operating cash flow279.9Capital expenditure−327.3Free cash flow−47.4Dividends paid−67.3Fiscal year 2024Operating cash flow200.3Capital expenditure−394.4Free cash flow−194.1Dividends paid−72.9Fiscal year 2025Operating cash flow269.1Capital expenditure−466.9Free cash flow−197.8Dividends paid−77.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 222.1 206.7 168.8 186.0 145.3 160.4 147.7 279.9 200.3 269.1
Capital expenditure −138.4 −213.3 −214.6 −223.5 −273.0 −293.9 −338.6 −327.3 −394.4 −466.9
Free cash flow 83.8 −6.6 −45.9 −37.5 −127.7 −133.5 −190.9 −47.4 −194.1 −197.8
Growth −107.9%
Buybacks −1.0 −2.0 0.0 0.0 n/a n/a n/a n/a n/a n/a
Dividends paid −51.5 −54.0 −51.3 −53.3 −55.4 −55.9 −62.8 −67.3 −72.9 −77.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.5Shareholders’ equity850.5Fiscal year 2017Cash3.5Total debt779.9Net cash (debt)−776.4Shareholders’ equity742.8Debt to equity1.05Fiscal year 2018Cash12.6Total debt736.2Net cash (debt)−723.6Shareholders’ equity762.6Debt to equity0.97Fiscal year 2019Cash9.6Total debt881.1Net cash (debt)−871.4Shareholders’ equity866.0Debt to equity1.02Fiscal year 2020Cash30.2Total debt955.4Net cash (debt)−925.3Shareholders’ equity888.7Debt to equity1.08Fiscal year 2021Cash18.6Total debt1,044.9Net cash (debt)−1,026.4Shareholders’ equity935.1Debt to equity1.12Fiscal year 2022Cash29.3Total debt1,336.9Net cash (debt)−1,307.6Shareholders’ equity1,175.4Debt to equity1.14Fiscal year 2023Cash32.9Total debt1,576.3Net cash (debt)−1,543.4Shareholders’ equity1,283.8Debt to equity1.23Fiscal year 2024Cash38.5Total debt1,710.1Net cash (debt)−1,671.7Shareholders’ equity1,385.4Debt to equity1.23Fiscal year 2025Cash36.7Total debt2,432.8Net cash (debt)−2,396.2Shareholders’ equity1,475.1Debt to equity1.65
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.5 3.5 12.6 9.6 30.2 18.6 29.3 32.9 38.5 36.7
Total debt n/a 779.9 736.2 881.1 955.4 1,044.9 1,336.9 1,576.3 1,710.1 2,432.8
Net cash (debt) n/a −776.4 −723.6 −871.4 −925.3 −1,026.4 −1,307.6 −1,543.4 −1,671.7 −2,396.2
Shareholders’ equity 850.5 742.8 762.6 866.0 888.7 935.1 1,175.4 1,283.8 1,385.4 1,475.1
Debt to equity n/a 1.05 0.97 1.02 1.08 1.12 1.14 1.23 1.23 1.65

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
668.2 755.0 706.1 746.4 773.7 860.4 1,037.4 1,197.5 1,153.0 1,289.4
Growth +13.0% −6.5% +5.7% +3.7% +11.2% +20.6% +15.4% −3.7% +11.8%
150.7 150.9 132.2 143.5 148.4 163.1 167.5 184.9 191.1 280.9
Growth +0.1% −12.4% +8.6% +3.4% +10.0% +2.7% +10.4% +3.4% +47.0%
105.4 113.1 91.5 78.0 91.4 106.1 115.4 n/a n/a n/a
43.0 41.0 24.2 12.6 21.1 27.4 29.1 32.4 31.1 41.4
58.9 −55.6 64.6 61.7 76.8 78.7 86.3 93.9 78.9 113.3
Growth −194.4% −4.4% +24.4% +2.5% +9.7% +8.8% −16.0% +43.7%
Per share
2.13 −1.94 2.24 2.07 2.51 2.56 2.54 2.59 2.03 2.77
2.12 −1.93 2.24 2.07 2.51 2.56 2.54 2.59 2.03 2.77
Growth −191.0% −7.6% +21.3% +2.0% −0.8% +2.0% −21.6% +36.5%
27.6 28.7 28.8 29.8 30.5 30.7 33.9 36.2 38.8 40.9
27.8 28.8 28.9 29.9 30.6 30.8 34.0 36.3 38.9 41.0
Growth +3.5% +0.4% +3.4% +2.5% +0.5% +10.5% +6.7% +7.2% +5.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.8% a year over five years, and earnings per share grew 2.0% a year.
  • The diluted share count rose 33.8% in five years, which is dilution.
  • Operating margin is up 2.6 points on five years ago, at 21.8%.
  • A net loss in 1 of 10 years on file.