Last 48 quarters of trend data · Utilities · Regulated Gas
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Northwest Natural Holding Company's quarterly P/E stands at 5.6x, up 14.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 12.6% YoY to 4.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.70 | 5.59 | 8.41 | — | — | 4.90 | 8.83 | — | — | 5.51 | 8.18 | — | 311.96 |
| — | +14.1% | -4.8% | — | — | -11.0% | +7.9% | — | — | -6.9% | -7.2% | — | +17.5% | |
| P/S Ratio | 1.60 | 1.11 | 1.21 | 2.81 | 1.70 | 0.87 | 1.07 | 2.86 | 1.63 | 0.81 | 1.03 | 2.44 | 1.63 |
| — | +27.6% | +13.2% | -1.9% | +4.3% | +7.3% | +4.1% | +17.2% | -0.0% | -11.6% | -8.6% | -24.7% | -30.2% | |
| P/B Ratio | 1.36 | 1.38 | 1.30 | 1.29 | 1.10 | 1.18 | 1.15 | 1.15 | 1.03 | 1.05 | 1.14 | 1.13 | 1.25 |
| — | +16.9% | +13.0% | +11.7% | +7.4% | +12.9% | +0.6% | +1.9% | -18.0% | -23.0% | -20.6% | -16.2% | -21.9% | |
| P/FCF | — | 220.55 | — | — | — | — | — | — | 79.86 | 8.21 | — | — | 8.19 |
| — | — | — | — | — | — | — | — | +875.2% | +104.3% | — | — | — | |
| EV / EBITDA | 7.85 | 4.37 | 5.21 | 30.45 | 13.18 | 5.00 | 6.91 | 41.20 | 14.07 | 5.22 | 7.36 | 28.80 | 17.01 |
| — | -12.6% | -24.7% | -26.1% | -6.3% | -4.1% | -6.2% | +43.1% | -17.3% | -6.7% | +4.0% | -45.2% | -10.2% | |
| EV / EBIT | 11.81 | 5.50 | 11.72 | — | 36.69 | 6.61 | 10.44 | — | 48.52 | 7.09 | 9.96 | — | 37.52 |
| — | -16.7% | +12.2% | — | -24.4% | -6.9% | +4.9% | — | +29.3% | +0.6% | -2.7% | — | -34.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Northwest Natural Holding Company's operating margin was 44.7% in Q1 2026, up 1.9 pp QoQ and up 13.5 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 22.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 17.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.6% | 52.0% | 50.0% | 4.1% | 35.7% | 44.1% | 37.3% | 21.0% | 30.5% | 38.3% | 35.1% | 17.8% | 25.0% |
| — | +17.9% | +33.9% | -80.5% | +17.1% | +15.3% | +6.4% | +17.9% | +22.1% | +6.7% | +2.8% | -18.4% | -9.5% | |
| Operating Margin | 31.4% | 44.7% | 42.8% | -7.5% | 11.5% | 31.2% | 22.9% | -14.1% | 7.4% | 25.3% | 21.1% | -12.4% | 5.8% |
| — | +43.3% | +86.9% | +46.6% | +55.3% | +23.3% | +8.4% | -13.6% | +27.5% | +3.2% | -2.4% | +2.8% | -16.2% | |
| Net Margin | 8.8% | 19.9% | 14.7% | -18.1% | -1.1% | 17.8% | 12.1% | -19.8% | -1.3% | 14.7% | 12.5% | -16.7% | 0.5% |
| — | +11.8% | +20.8% | +8.5% | +19.6% | +20.8% | -3.3% | -18.5% | -351.7% | -5.0% | -1.8% | +0.1% | -40.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 6.4% | 4.0% | -2.1% | -0.2% | 6.2% | 3.3% | -2.0% | -0.2% | 4.9% | 3.6% | -1.9% | 0.1% |
| — | +3.2% | +21.1% | -2.8% | +17.2% | +27.4% | -8.0% | -4.3% | -307.2% | -17.8% | -14.6% | -11.1% | -38.0% | |
| ROA | 2.0% | 1.5% | 1.0% | -0.5% | -0.0% | 1.6% | 0.9% | -0.6% | -0.1% | 1.3% | 0.9% | -0.5% | 0.0% |
| — | -4.1% | +8.1% | +7.7% | +24.5% | +22.3% | -5.6% | -8.1% | -311.0% | -14.4% | -11.6% | -10.4% | -35.2% | |
| ROIC | 8.1% | 3.9% | 3.1% | -0.2% | 0.5% | 3.3% | 2.0% | -0.5% | 0.4% | 2.7% | 1.9% | -0.5% | 0.4% |
| — | +19.1% | +57.8% | +48.9% | +38.1% | +19.9% | +2.2% | +0.1% | +4.4% | -9.7% | -14.3% | -6.2% | -9.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Northwest Natural Holding Company's Debt/EBITDA ratio is 9.7x, down from 12.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 23.9% YoY to 0.80x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.87 | 1.70 | 1.87 | 1.76 | 1.69 | 1.64 | 1.41 | 1.34 | 1.29 | 1.30 | 1.36 | 1.45 | 1.34 |
| — | +3.6% | +32.3% | +31.4% | +31.2% | +26.1% | +3.9% | -7.7% | -3.6% | -3.7% | -4.6% | +4.1% | +12.7% | |
| Debt / EBITDA | 4.53 | 9.72 | 12.40 | 70.80 | 32.73 | 11.93 | 15.41 | 89.35 | 31.99 | 11.85 | 16.17 | 68.00 | 36.69 |
| — | -18.5% | -19.5% | -20.8% | +2.3% | +0.7% | -4.7% | +31.4% | -12.8% | +1.7% | +13.8% | -38.5% | +13.3% | |
| Current Ratio | 0.72 | 0.80 | 0.72 | 0.59 | 0.68 | 1.05 | 0.86 | 0.72 | 0.97 | 1.15 | 0.86 | 0.86 | 0.80 |
| — | -23.9% | -16.1% | -18.6% | -29.8% | -8.5% | -0.4% | -16.2% | +21.1% | +28.3% | +4.2% | -8.7% | +20.8% | |
| Quick Ratio | 0.57 | 0.62 | 0.57 | 0.43 | 0.52 | 0.87 | 0.69 | 0.53 | 0.73 | 0.93 | 0.70 | 0.70 | 0.68 |
| — | -29.7% | -18.2% | -19.3% | -28.9% | -6.4% | -1.0% | -24.4% | +6.0% | +12.6% | -4.1% | -6.6% | +26.3% | |
| Interest Coverage | 2.39 | 6.58 | 4.66 | -0.38 | 0.89 | 5.17 | 3.97 | -0.97 | 0.81 | 5.29 | 4.01 | -0.65 | 1.08 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NWN stock.
Northwest Natural Holding Company's current P/E is 17.7x. The average P/E over the last 2 quarters is 7.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Northwest Natural Holding Company's current operating margin is 31.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Northwest Natural Holding Company's business trajectory between earnings reports.