Northwest Natural profit margin NWN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.
- Net margin, 12 months
- 9.7%
- Operating margin, 12 months
- 22.8%
- Net margin on a year earlier
- +1.4 pts
- Peer median
- 13.2%
Over the twelve months to Jun 30, 2026, Northwest Natural kept 9.7% of its revenue as net profit, with an operating margin of 22.8%.
Five years earlier its net margin was 11.4%.
The median for 6 gas utilities of a similar size is 13.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 8.8% | 21.8% |
| FY2024 | 6.8% | 16.6% |
| FY2023 | 7.8% | 15.4% |
| FY2022 | 8.3% | 16.1% |
| FY2021 | 9.1% | 19.0% |
| FY2020 | 9.9% | 19.2% |
| FY2019 | 8.3% | 19.2% |
| FY2018 | 9.1% | 18.7% |
| FY2017 | −7.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 9.7% | +1.4 pts | 22.8% | |
| Q1 FY26 | 9.6% | +1.1 pts | 22.5% | |
| Q4 FY25 | 8.8% | +1.9 pts | 21.8% | |
| Q3 FY25 | 7.9% | +1.0 pts | 20.1% | |
| Q2 FY25 | 8.3% | +1.2 pts | 20.0% | |
| Q1 FY25 | 8.5% | +1.1 pts | 19.4% | |
| Q4 FY24 | 6.8% | −1.0 pts | 16.6% | |
| Q3 FY24 | 6.9% | −1.1 pts | 15.9% | |
| Q2 FY24 | 7.2% | −1.3 pts | 16.0% | |
| Q1 FY24 | 7.4% | −1.5 pts | 15.5% | |
| Q4 FY23 | 7.8% | −0.5 pts | 15.4% | |
| Q3 FY23 | 8.0% | −0.3 pts | 15.7% |
Against its peers
Companies in Regulated Gas nearest Northwest Natural's size, closest first, today.
| Company | Profit margin |
|---|---|
| NWNNorthwest Natural | 9.7% |
| MDUMDU Resources | 10.7% |
| OGSONE Gas | 12.5% |
| SRSpire | 21.6% |
| NJRNew Jersey Resources | 16.4% |
| NFGNational Fuel Gas | n/m |
| NINiSource | 13.2% |
| Peer median | 13.2% |
Where Northwest Natural ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Northwest Natural
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.