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Northwest Natural NWN Operating margin

Operating margin at other companies

Avista logo
AvistaAVA
18.9%+1.9pp
Atmos Energy logo
Atmos EnergyATO
35.9%+2.6pp
Portland General Electric logo
Portland General ElectricPOR
14%-1.1pp
NorthWestern Energy Group, Inc. logo
NorthWestern Energy Group, Inc.NWE
19.2%-3.8pp
New Jersey Resources logo
New Jersey ResourcesNJR
23.8%-6.1pp
CNP
CenterPoint EnergyCNP
22.5%-0.1pp

Other financials

Income statement

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Revenue$490.4M-0.8%
Operating income$162.9M+5.5%
Net income$97.5M+10.9%
EPS (diluted)$2.33+6.9%

Balance sheet

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Cash & equivalents$40.4M-62.3%
Total debt$2.5B+7.1%
Total equity$1.6B+8.3%
Total assets$6.4B+12.5%

Cash flow

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Operating cash flow$116.1M-35.3%
CapEx$113.7M+11.2%
Free cash flow$2.5M-96.8%

Valuation

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Market cap$2.1B+28.7%
Enterprise value$4.58B+18.3%
P/E17.1×+1.2×
P/S1.6×+0.3×

Profitability

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Net margin9.6%+1.1pp
FCF margin-21.2%+33.8pp

Returns & leverage

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Return on equity8.1%+0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×-0.3×

Where this comes from

Calculated from Northwest Natural’s reported figures.

Based on trailing twelve months.

The official record: Northwest Natural’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northwest Natural's operating margin?
Northwest Natural (NWN) reported operating margin of 22.5% in Q1 2026.
How has Northwest Natural's operating margin changed year-over-year?
Northwest Natural's operating margin increased by 16.0% year-over-year, from 19.4% to 22.5%.
What is the long-term trend for Northwest Natural's operating margin?
Over 5 years (2020 to 2025), Northwest Natural's operating margin has grown at a 2.6% compound annual growth rate (CAGR), from 19.2% to 21.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.