Northwest Natural Holding Company (NWN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NWN Revenue Growth
Revenue Breakdown (FY 2025)
NWN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NWN Revenue Analysis (2014–2025)
As of May 8, 2026, Northwest Natural Holding Company (NWN) generated trailing twelve-month (TTM) revenue of $1.29 billion, reflecting slight decline in growth of -0.8% year-over-year. The most recent quarter (Q1 2026) recorded $490.4 million in revenue, up 24.4% sequentially.
Looking at the longer-term picture, NWN's 5-year compound annual growth rate (CAGR) stands at +10.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.29 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NWN's business is primarily driven by Alternative revenue (100%). With over half of revenue concentrated in Alternative revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including SR (+1.9% YoY), NFG (+20.7% YoY), and SWX (-39.1% YoY), NWN has underperformed the peer group in terms of revenue growth. Compare NWN vs SR →
NWN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NWNCurrent | $1.3B | -0.8% | +10.8% | 31.4% | |
 SR | $2.5B | +1.9% | +5.9% | 21.2% | |
 NFG | $2.3B | +20.7% | +8.1% | 35.7% | |
 SWX | $1.9B | -39.1% | -10.1% | 24.4% | |
 NJR | $2.0B | +8.5% | +0.8% | 21.4% | |
 ATO | $4.7B | +8.8% | +10.8% | 33.2% |
NWN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.29B | +11.8% | $510.1M | 39.6% | $404.7M | 31.4% |
| 2024 | $1.15B | -3.7% | $397.6M | 34.5% | $191.1M | 16.6% |
| 2023 | $1.20B | +15.4% | $423.9M | 35.4% | $184.9M | 15.4% |
| 2022 | $1.04B | +20.6% | $341.2M | 32.9% | $167.5M | 16.1% |
| 2021 | $860.4M | +11.2% | $329.1M | 38.3% | $163.1M | 19.0% |
| 2020 | $773.7M | +3.7% | $300.5M | 38.8% | $148.4M | 19.2% |
| 2019 | $746.4M | +5.7% | $282.9M | 37.9% | $143.5M | 19.2% |
| 2018 | $706.1M | -6.5% | $263.8M | 37.4% | $132.2M | 18.7% |
| 2017 | $755.0M | +11.7% | $272.2M | 36.1% | $145.3M | 19.2% |
| 2016 | $676.0M | -6.6% | $265.4M | 39.3% | $139.3M | 20.6% |
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Start ComparisonNWN — Frequently Asked Questions
Quick answers to the most common questions about buying NWN stock.
Is NWN's revenue growth accelerating or slowing?
NWN revenue growth slowed to -0.8%, below the 5-year CAGR of +10.8%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is NWN's long-term revenue growth rate?
Northwest Natural Holding Company's 5-year revenue CAGR of +10.8% reflects the variable expansion pattern. Current YoY growth of -0.8% is near this long-term average.
How is NWN's revenue distributed by segment?
NWN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.