Where do Northwest Natural's ratios come from?

Every ratio is computed from Northwest Natural's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Northwest Natural NWN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	22.5%+3.1pp	21.8%+5.2pp	20.1%+4.1pp	20%+3.9pp	19.4%+3.9pp
Net margin	9.6%+1.1pp	8.8%+1.9pp	7.9%+1.0pp	8.3%+1.2pp	8.5%+1.1pp
Returns
Return on equity	8.1%+0.7pp	7.9%+2.0pp	7.2%+1.1pp	7.4%+1.0pp	7.4%+0.7pp
Return on invested capital	7.5%+0.4pp	7.8%+1.5pp	7.4%+1.0pp	7.4%+0.8pp	7%+0.5pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	0.8×-0.3×	0.7×-0.1×	0.6×-0.1×	0.7×-0.3×	1.1×-0.1×
Leverage
Debt-to-equity	1.6×0.0×	1.7×+0.3×	1.7×+0.4×	1.6×+0.3×	1.6×+0.3×
Net debt / EBITDA	5.4×-0.5×	5.6×-0.2×	5.7×+0.2×	5.5×+0.2×	5.9×+0.5×
Per Share
Book value per share	$37.71+4.4%	$36.02+1.1%	$34.82-1.5%	$36.05+2.4%	$36.13+1.7%
Valuation
Market capitalization	$2.21B+28.7%	$1.94B+22.2%	$1.84B+17.8%	$1.66B+21.7%	$1.72B+22.3%
Price / earnings	18×+1.3×	17.1×-3.0×	18.3×-1.6×	16.1×-0.6×	16.7×+0.4×
Price / sales	1.7×+0.3×	1.5×+0.1×	1.5×+0.1×	1.3×+0.1×	1.4×+0.2×
Price / book	1.4×+0.2×	1.3×+0.2×	1.3×+0.1×	1.1×+0.1×	1.2×+0.1×
EV / EBITDA	10.3×-0.1×	9.9×-0.6×	10.1×-0.3×	9.7×0.0×	10.4×+0.4×
Dividend yield	3.5%-0.8pp	4%-0.6pp	4.2%-0.4pp	4.5%-0.6pp	4.3%-0.6pp

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Questions, answered.

Where do Northwest Natural's ratios come from?: Every ratio is computed from Northwest Natural's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.