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NWNNorthwest Natural Holding Company
$47.23$2.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NWN logo

Northwest Natural Holding Company

NWN
NYSE · Gas Utilities
$47.23
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.99B
P/E17.1x
52W High$55.99
Volume289.71K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Seasonal Earnings Volatility Masks Capital Intensity Risks

Northwest Natural Holding Company faces a challenging outlook as it balances aggressive rate base expansion with significant regulatory and legislative headwinds in the Pacific Northwest. While the company is attempting to pivot toward water utility diversific...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

NWN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-6% Peers

P/E is 6% below peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NWN+4.21%
S&P 500 (^GSPC)+12.39%
1-Year Return
NWN+12.90%
S&P 500 (^GSPC)+15.77%
3-Year Return
NWN+34.73%
S&P 500 (^GSPC)+76.71%
5-Year Return
NWN+21.49%
S&P 500 (^GSPC)+72.87%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
17.1x
Forward P/EExpansion
15.3x
EV/EBITDA20th %ile
7.7x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.1x
18.7x
40th· Fair
EV/EBITDA
7.7x
9.9x
20th· Low
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$71.85+52.1%
Base (Fair)$64.81+34.1%
Bull$56.61+19.9%
$71.85 Bear$64.81 Base$56.61 Bull
Current Market Price: $47.23
Trades at a 27.1% discount to Base DCF ($64.81)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.29B+11.8% YoY
Net income
$113M+43.7% YoY
Free cash flow
-$540M-178.1% YoY
Operating margin
31.4%+14.8 pts YoY
ROIC (TTM)8.1%
Avg ROIC 5Y-
ROE (TTM)7.9%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.01+112.2%
vs -$0.08
$244M-10.4%
vs $272M
Q2 2026
May 6, 2026
$2.33-2.9%
vs $2.40
$490M-8.9%
vs $539M
Q1 2026
Feb 27, 2026
$1.39+2.2%
vs $1.36
$394M-9.3%
vs $435M
Q4 2025
Nov 5, 2025
-$0.73+11.0%
vs -$0.82
$165M-60.7%
vs $419M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·1d ago
NWN Named the Largest Private Technology Services Company in Massachusetts by Boston Business Journal

BOSTON--(BUSINESS WIRE)--NWN, the leading AI-powered managed services provider delivering intelligent workplace, cloud, cybersecurity and customer experience solutions, today announced it has been named the #1 largest private technology services company in Massachusetts and ranked #20 overall on the Boston Business Journal's 2026 list of the Largest Private Companies in Massachusetts. With nearly 40% growth, the recognition reinforces NWN's position as one of North America's largest and fastest.

Seeking Alpha·5d ago
The Dividend Kings Ranked By Quality Scores (September 2026)

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank the Dividend Kings using my 9F Quality Scores, blending qualitative and quantitative factors for a robust, investment-grade assessment. ADP stands out as the best total-return candidate. It is undervalued, high-quality, and offering a strong projected dividend growth rate and Adjusted Chowder Number.

Defense World·5d ago
Contrasting Northwest Natural Gas (NYSE:NWN) and RGC Resources (NASDAQ:RGCO)

RGC Resources (NASDAQ: RGCO - Get Free Report) and Northwest Natural Gas (NYSE: NWN - Get Free Report) are both utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their dividends, risk, analyst recommendations, earnings, profitability, institutional ownership and valuation. Analyst Ratings This is a breakdown of

Defense World·Sep 16, 2026
Northwest Natural Gas Company (NYSE:NWN) Receives $55.25 Consensus Price Target from Analysts

Shares of Northwest Natural Gas Company (NYSE: NWN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong

Filtered for Northwest Natural Holding CompanyMore Headlines
04

Compare before deciding

Benchmark NWN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Northwest Natural Holding Company (NWN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NWN logoNWNNorthwest Natural Holding CompanyCurrent
$47.23$1.99B17.0511.83%8.79%7.92%4%
SR logoSRSpire Inc.
$77.39$4.58B17.71-4.5%21.62%21.39%—
NFG logoNFGNational Fuel Gas Company
$78.61$7.47B13.8417.11%26.97%18.72%—
SWX logoSWXSouthwest Gas Holdings, Inc.
$82.34$5.96B13.54-62.05%29.83%12.89%—
NJR logoNJRNew Jersey Resources Corporation
$52.22$5.27B15.6813.94%16.38%14.42%—
ATO logoATOAtmos Energy Corporation
$156.24$26.08B20.9412.91%28.5%9.67%—

Compare NWN vs Peers

Northwest Natural Holding Company (NWN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SR

Most directly comparable listed peer for NWN.

Scale Benchmark

vs NEE

Larger-name benchmark to compare NWN against a more recognizable public peer.

Peer Set

Compare Top 5

vs SR, NFG, SWX, NJR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NWN SEC Filings & Documents

Northwest Natural Holding Company (NWN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jun 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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NWN Frequently Asked Questions

Northwest Natural Holding Company (NWN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Northwest Natural Holding Company's revenue?

Northwest Natural Holding Company (NWN) reported $1.29B in revenue for fiscal year 2025. This represents a 240% increase from $380.3M in 1996.

How fast is Northwest Natural Holding Company growing?

Northwest Natural Holding Company (NWN) grew revenue by 11.8% over the past year. This is steady growth.

Is NWN profitable?

Yes, Northwest Natural Holding Company (NWN) is profitable, generating $126.0M in net income for fiscal year 2025 (8.8% net margin).

Dividend & Returns
Does NWN pay dividends?

Yes, Northwest Natural Holding Company (NWN) pays a dividend with a yield of 4.00%. This makes it attractive for income-focused investors.

What is NWN's return on equity?

Northwest Natural Holding Company (NWN) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.

What is Northwest Natural Holding Company's free cash flow?

Northwest Natural Holding Company (NWN) had negative free cash flow of $263.5M in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is NWN's dividend sustainable?

Northwest Natural Holding Company (NWN) has a dividend payout ratio of 68%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in NWN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →