MDU Resources Group (MDU) Financials

$17.17 +0.04 (+0.23%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$17.18 +0.01 (+0.09%)

As of 05/30/2025 04:21 PM Eastern

Annual Income Statements for MDU Resources Group

This table shows MDU Resources Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	281	415	367	378	390	335	272	280	64	-623
Consolidated Net Income / (Loss)	281	415	367	378	390	335	272	281	-67	-658
Net Income / (Loss) Continuing Operations	181	330	117	243	391	335	269	285	233	176
Total Pre-Tax Income	199	340	123	286	475	398	317	350	326	247
Total Operating Income	266	225	201	331	545	481	402	424	409	320
Total Gross Profit	986	926	870	2,897	5,076	4,829	4,047	3,934	3,671	3,478
Total Revenue	1,758	1,803	1,747	3,454	5,533	5,337	4,532	4,443	4,129	4,014
Operating Revenue	1,758	1,803	1,747	3,454	5,533	5,337	4,532	4,443	4,129	4,014
Total Cost of Revenue	772	878	877	557	457	508	485	510	458	536
Operating Cost of Revenue	772	878	877	557	457	508	485	510	458	536
Total Operating Expenses	721	701	669	2,566	4,531	4,347	3,645	3,510	3,262	3,158
Selling, General & Admin Expense	414	407	380	2,210	4,028	3,895	3,256	3,135	2,894	2,805
Depreciation Expense	200	190	189	198	285	256	220	207	216	212
Other Operating Expenses / (Income)	106	103	101	158	217	196	169	167	152	141
Total Other Income / (Expense), net	-67	115	-77	-45	-70	-83	-85	-74	-83	-73
Interest Expense	108	105	81	71	97	99	85	83	88	91
Other Income / (Expense), net	41	220	3.26	26	27	16	-0.24	8.77	5.17	18
Income Tax Expense	18	10	6.20	44	85	63	47	65	93	71
Net Income / (Loss) Discontinued Operations	100	85	250	136	-0.32	0.29	2.93	-3.78	-300	-834
Basic Earnings per Share	$1.38	$2.04	$1.81	$1.87	$1.95	$1.69	$1.39	$1.44	$0.33	($3.20)
Weighted Average Basic Shares Outstanding	203.87M	203.64M	203.36M	202.08M	200.50M	198.61M	195.72M	195.30M	195.30M	194.93M
Diluted Earnings per Share	$1.37	$2.03	$1.81	$1.87	$1.95	$1.69	$1.39	$1.43	$0.33	($3.20)
Weighted Average Diluted Shares Outstanding	204.65M	203.94M	203.46M	202.38M	200.57M	198.63M	196.15M	195.69M	195.62M	194.99M
Weighted Average Basic & Diluted Shares Outstanding	204.33M	203.69M	203.62M	203.35M	200.52M	200.39M	195.90M	194.70M	193.20M	194.70M
Cash Dividends to Common per Share	$0.51	$0.70	$0.88	$0.86	$0.84	$0.82	$0.80	$0.78	$0.76	$0.74

This table shows MDU Resources Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	82	55	65	60	101	171	75	131	38	117	148
Consolidated Net Income / (Loss)	82	55	65	60	101	171	75	131	38	117	148
Net Income / (Loss) Continuing Operations	82	-105	124	61	101	-58	156	148	84	7.39	42
Total Pre-Tax Income	91	-73	75	76	121	-62	92	206	105	-3.93	47
Total Operating Income	113	-51	91	90	136	-60	85	82	119	10	61
Total Gross Profit	314	-1,831	972	923	923	-1,980	916	955	1,035	-2,046	921
Total Revenue	675	-1,554	1,051	1,048	1,214	-1,719	1,001	1,091	1,430	-1,681	1,002
Operating Revenue	675	-1,554	1,051	1,048	1,214	-1,719	1,001	1,091	1,430	-1,681	1,002
Total Cost of Revenue	361	277	79	124	291	261	85	136	395	364	82
Operating Cost of Revenue	361	277	79	124	291	261	85	136	395	364	82
Total Operating Expenses	201	-1,780	881	833	787	-1,920	831	873	916	-2,056	860
Selling, General & Admin Expense	111	-1,777	787	733	672	-1,898	739	770	797	-2,005	767
Depreciation Expense	51	32	56	56	56	32	53	53	52	1.59	52
Other Operating Expenses / (Income)	39	-36	38	45	59	-53	39	50	67	-53	40
Total Other Income / (Expense), net	-22	-22	-16	-14	-15	-1.49	6.94	124	-14	-14	-14
Interest Expense	27	22	29	29	29	22	32	26	24	16	20
Other Income / (Expense), net	5.00	-0.92	14	15	14	191	8.92	9.96	10	2.10	5.77
Income Tax Expense	8.57	-31	13	15	20	-82	13	58	21	-11	4.21
Net Income / (Loss) Discontinued Operations	-0.50	98	2.46	-0.14	0.00	150	-3.29	-17	-46	110	106
Basic Earnings per Share	$0.40	$0.27	$0.32	$0.30	$0.50	$0.84	$0.37	$0.64	$0.19	$0.58	$0.73
Weighted Average Basic Shares Outstanding	204.14M	203.87M	203.89M	203.89M	203.78M	203.64M	203.64M	203.64M	203.62M	203.36M	203.35M
Diluted Earnings per Share	$0.40	$0.27	$0.32	$0.30	$0.49	$0.84	$0.37	$0.64	$0.19	$0.58	$0.73
Weighted Average Diluted Shares Outstanding	204.96M	204.65M	204.68M	204.58M	204.19M	203.94M	203.89M	203.88M	203.91M	203.46M	203.64M
Weighted Average Basic & Diluted Shares Outstanding	204.33M	204.33M	203.89M	203.89M	203.89M	203.69M	203.64M	203.64M	203.64M	203.62M	203.35M
Cash Dividends to Common per Share	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13	$0.22	$0.22	$0.22	$0.22

This table details how cash moves in and out of MDU Resources Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-10	-3.54	26	-5.39	-6.91	13	19	-12	-38	23
Net Cash From Operating Activities	502	333	510	496	768	542	500	448	462	662
Net Cash From Continuing Operating Activities	412	305	322	299	770	542	504	349	423	464
Net Income / (Loss) Continuing Operations	181	330	117	243	391	335	269	285	233	176
Consolidated Net Income / (Loss)	281	415	367	378	390	335	272	281	-67	-658
Net Income / (Loss) Discontinued Operations	100	85	250	136	-0.32	0.29	2.93	-3.78	-300	-834
Depreciation Expense	200	190	189	198	285	256	220	207	216	212
Amortization Expense	1.83	1.01	0.89	0.93	2.16	1.33	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	1.35	-194	16	-4.69	-9.68	-37	-	-	-	-
Changes in Operating Assets and Liabilities, net	27	-22	-1.13	-138	102	-14	14	-143	-26	76
Net Cash From Discontinued Operating Activities	91	27	188	197	-1.38	0.46	-3.94	99	39	198
Net Cash From Investing Activities	-553	-541	-639	-886	-630	-604	-711	-214	-305	-382
Net Cash From Continuing Investing Activities	-524	-465	-457	-488	-630	-604	-712	-216	-345	-481
Purchase of Property, Plant & Equipment	-523	-484	-443	-485	-558	-576	-568	-341	-388	-537
Purchase of Investments	-5.16	-2.42	-2.57	-	-1.81	-	-2.32	-1.61	-1.40	-
Sale of Property, Plant & Equipment	0.69	0.26	0.00	15	36	30	26	127	45	55
Sale and/or Maturity of Investments	9.00	20	0.00	-3.14	-	-2.01	-	-	-	1.52
Other Investing Activities, net	-5.54	1.17	-12	-11	-	-	-	-	-	-
Net Cash From Discontinued Investing Activities	-29	-76	-182	-398	-	-	1.24	2.23	40	98
Net Cash From Financing Activities	40	205	155	385	-145	74	230	-245	-195	-256
Net Cash From Continuing Financing Activities	-77	230	-2.79	103	-145	74	230	-245	-154	-342
Repayment of Debt	-280	-1,005	-40	-126	-174	-643	-175	-217	-316	-566
Repurchase of Common Equity	0.00	-4.81	-7.40	-6.70	0.00	0.00	-5.03	-1.68	0.00	0.00
Payment of Dividends	-103	-161	-177	-171	-166	-160	-155	-151	-147	-143
Issuance of Debt	309	1,405	226	322	192	774	567	141	309	346
Issuance of Common Equity	-0.05	0.00	-0.15	89	3.39	107	0.00	0.00	-	22
Other Financing Activities, net	-2.62	-3.04	-4.90	-4.13	-0.36	-3.02	-2.33	-0.76	-0.32	0.00
Net Cash From Discontinued Financing Activities	117	-26	158	282	-	-	-	-	-41	86

This table details how cash moves in and out of MDU Resources Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7.36	-37	9.58	5.14	12	44	-28	-32	13	5.90	7.57
Net Cash From Operating Activities	217	61	140	136	165	158	102	117	-44	225	166
Net Cash From Continuing Operating Activities	218	-28	138	137	165	-30	105	192	38	68	-7.71
Net Income / (Loss) Continuing Operations	82	-43	62	61	101	20	78	148	84	-30	42
Consolidated Net Income / (Loss)	82	55	65	60	101	171	75	131	38	117	148
Net Income / (Loss) Discontinued Operations	-0.50	98	2.46	-0.14	0.00	150	-3.29	-17	-46	147	106
Depreciation Expense	51	32	56	56	56	32	53	53	52	30	52
Amortization Expense	0.31	0.66	0.44	0.50	0.23	0.02	0.20	0.54	0.25	0.16	0.24
Non-Cash Adjustments To Reconcile Net Income	4.69	6.38	-4.94	-0.44	0.34	-16	-33	-145	0.41	4.93	-0.01
Changes in Operating Assets and Liabilities, net	79	-24	24	20	7.88	-66	6.90	136	-99	63	-102
Net Cash From Discontinued Operating Activities	-0.50	88	2.46	-0.14	0.00	188	-3.28	-76	-81	157	174
Net Cash From Investing Activities	-95	-160	-156	-119	-117	-125	-139	-126	-151	-174	-174
Net Cash From Continuing Investing Activities	-95	-131	-156	-119	-117	-104	-139	-111	-110	-109	-135
Purchase of Property, Plant & Equipment	-93	-122	-158	-117	-126	-114	-138	-120	-112	-101	-131
Purchase of Investments	-2.57	-1.28	-0.57	-	-	0.92	-0.37	-	-	-	-
Sale of Property, Plant & Equipment	0.00	-8.90	4.17	2.60	2.82	-12	3.02	6.32	3.17	4.10	-4.13
Sale and/or Maturity of Investments	0.00	-	-	2.91	6.09	20	-	2.69	-2.69	2.19	-
Other Investing Activities, net	0.87	0.59	-2.51	-3.66	0.03	0.44	-3.31	3.15	0.89	-	-
Net Cash From Discontinued Investing Activities	0.00	-29	-	-	0.00	-21	-	-14	-41	-64	-40
Net Cash From Financing Activities	-130	63	26	-13	-36	12	8.92	-24	207	-46	16
Net Cash From Continuing Financing Activities	-130	-54	26	-13	-36	131	9.71	14	76	-78	144
Repayment of Debt	-99	-34	-137	-12	-96	-375	71	-512	-190	-40	147
Payment of Dividends	-27	-26	-26	-26	-26	-25	-45	-45	-45	-44	-44
Issuance of Debt	0.00	6.20	189	25	89	531	-16	571	319	6.04	41
Issuance of Common Equity	0.00	-	-	-0.02	-0.04	-	-	-	0.00	-0.00	-
Other Financing Activities, net	-4.48	-	-	-	-2.62	-	-	-	-3.04	-	0.00
Net Cash From Discontinued Financing Activities	0.00	117	-	-	0.00	-119	-0.79	-37	132	32	-128

This table presents MDU Resources Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,039	7,833	9,661	8,910	8,053	7,683	6,988	6,335	6,284	6,565
Total Current Assets	666	1,364	2,012	1,551	1,337	1,298	1,184	1,070	977	991
Cash & Equivalents	67	60	70	54	60	66	54	35	46	84
Accounts Receivable	274	250	1,064	947	874	837	723	727	630	582
Inventories, net	45	45	64	336	291	278	287	227	238	241
Other Current Assets	280	239	220	214	113	116	120	81	48	30
Other Current Nonoperating Assets	0.00	769	593	-	-	-	0.43	0.48	14	55
Plant, Property, & Equipment, net	5,344	5,005	4,776	5,756	5,167	4,917	4,579	4,079	3,931	3,898
Plant, Property & Equipment, gross	7,554	7,081	6,875	8,973	8,301	7,909	7,397	6,771	6,510	6,388
Accumulated Depreciation	2,210	2,076	2,098	3,216	3,134	2,991	2,819	2,692	2,579	2,489
Total Noncurrent Assets	1,028	1,465	2,873	1,603	1,549	1,468	1,225	1,185	1,376	1,675
Long-Term Investments	115	112	129	175	165	149	139	138	126	120
Goodwill	346	346	489	765	715	681	665	632	632	635
Other Noncurrent Operating Assets	567	658	565	640	644	623	409	408	415	352
Other Noncurrent Nonoperating Assets	0.00	348	1,686	-	-	-	2.09	4.39	197	562
Total Liabilities & Shareholders' Equity	7,039	7,833	9,661	8,910	8,053	7,683	6,988	6,335	6,284	6,565
Total Liabilities	4,348	4,928	6,074	5,528	4,974	4,836	4,421	3,906	3,968	4,045
Total Current Liabilities	679	1,076	1,480	1,092	964	866	986	813	670	947
Short-Term Debt	162	156	86	148	52	17	252	148	44	239
Accounts Payable	150	160	526	479	426	403	359	312	280	286
Dividends Payable	27	25	45	44	43	42	40	39	38	37
Current Deferred & Payable Income Tax Liabilities	43	50	62	80	89	49	42	43	48	47
Current Employee Benefit Liabilities	35	41	59	82	91	99	69	73	-	-
Other Current Liabilities	262	200	204	259	264	257	221	186	184	167
Other Current Nonoperating Liabilities	0.00	443	497	-	-	-	4.00	12	9.92	126
Total Noncurrent Liabilities	3,670	3,852	4,594	4,435	4,011	3,969	3,435	3,093	3,299	3,097
Long-Term Debt	2,131	2,105	2,318	2,594	2,212	2,227	1,857	1,566	1,747	1,558
Asset Retirement Reserve & Litigation Obligation	866	905	821	887	868	861	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	441	452	455	592	516	507	430	347	668	664
Other Noncurrent Operating Liabilities	232	210	233	363	415	376	1,148	1,179	884	812
Other Noncurrent Nonoperating Liabilities	0.00	180	766	-	-	-	-	-	-	64
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,691	2,905	3,587	3,383	3,079	2,847	2,567	2,429	2,316	2,521
Total Preferred & Common Equity	2,691	2,905	3,587	3,383	3,079	2,847	2,567	2,429	2,316	2,397
Total Common Equity	2,691	2,905	3,587	3,383	3,079	2,847	2,570	2,433	2,301	2,382
Common Stock	1,678	1,670	1,670	1,665	1,572	1,556	1,445	1,429	1,428	1,426
Retained Earnings	1,030	1,254	1,951	1,762	1,558	1,337	1,164	1,041	912	996
Accumulated Other Comprehensive Income / (Loss)	-17	-18	-31	-41	-48	-42	-38	-37	-36	-37

This table presents MDU Resources Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	6,961	8,173	7,960	7,840	7,869	7,685	9,843	9,607
Total Current Assets	542	1,468	1,397	1,320	1,515	1,545	2,109	2,024
Cash & Equivalents	60	104	94	89	32	51	86	58
Accounts Receivable	269	934	927	932	893	934	1,086	850
Inventories, net	18	92	70	57	80	60	53	90
Other Current Assets	194	337	306	241	233	254	263	236
Other Current Nonoperating Assets	0.00	-	-	0.00	-	-	621	790
Plant, Property, & Equipment, net	5,379	5,381	5,265	5,179	5,020	4,923	4,835	4,718
Plant, Property & Equipment, gross	7,617	7,703	7,560	7,442	7,212	7,083	6,963	6,815
Accumulated Depreciation	2,238	2,323	2,295	2,263	2,192	2,160	2,128	2,096
Total Noncurrent Assets	1,041	1,324	1,298	1,341	1,334	1,217	2,899	2,865
Long-Term Investments	118	131	123	119	139	140	137	126
Goodwill	346	489	489	489	489	489	489	489
Other Noncurrent Operating Assets	578	704	685	731	703	586	581	602
Other Noncurrent Nonoperating Assets	0.00	-	-	0.00	-	-	1,688	1,643
Total Liabilities & Shareholders' Equity	6,961	8,173	7,960	7,840	7,869	7,685	9,843	9,607
Total Liabilities	4,218	5,115	4,943	4,859	5,112	4,979	6,267	6,115
Total Current Liabilities	635	1,281	1,150	923	1,174	1,132	1,636	1,468
Short-Term Debt	162	219	194	61	368	346	341	86
Accounts Payable	109	489	443	420	414	399	429	452
Dividends Payable	27	26	25	25	25	45	45	44
Current Deferred & Payable Income Tax Liabilities	65	62	63	82	50	60	75	81
Current Employee Benefit Liabilities	18	97	64	47	94	67	51	72
Other Current Liabilities	254	389	362	288	222	214	245	199
Other Current Nonoperating Liabilities	0.00	-	-	0.00	-	-	449	534
Total Noncurrent Liabilities	3,584	3,833	3,793	3,936	3,938	3,847	4,631	4,647
Long-Term Debt	2,032	2,234	2,207	2,326	2,280	2,246	2,192	2,192
Asset Retirement Reserve & Litigation Obligation	875	862	855	912	879	836	831	878
Noncurrent Deferred & Payable Income Tax Liabilities	430	453	455	462	527	516	467	442
Other Noncurrent Operating Liabilities	247	285	276	237	252	249	244	231
Other Noncurrent Nonoperating Liabilities	0.00	-	-	0.00	-	-	897	903
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,743	3,058	3,018	2,981	2,757	2,706	3,575	3,492
Total Preferred & Common Equity	2,743	3,058	3,018	2,981	2,757	2,706	3,575	3,492
Total Common Equity	2,743	3,058	3,018	2,981	2,757	2,706	3,575	3,492
Common Stock	1,675	1,674	1,672	1,670	1,667	1,664	1,665	1,656
Retained Earnings	1,085	1,402	1,364	1,329	1,109	1,060	1,944	1,880
Accumulated Other Comprehensive Income / (Loss)	-17	-18	-18	-18	-18	-18	-30	-43

This table displays calculated financial ratios and metrics derived from MDU Resources Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.52%	3.21%	-49.42%	-37.56%	3.67%	17.77%	1.99%	7.62%	2.86%	-2.45%
EBITDA Growth	-20.03%	61.70%	-29.21%	-35.27%	13.86%	21.34%	-2.91%	1.57%	14.62%	1.96%
EBIT Growth	-31.00%	117.98%	-42.78%	-37.59%	15.01%	23.80%	-7.24%	4.53%	22.42%	0.57%
NOPAT Growth	10.97%	14.36%	-32.02%	-37.34%	10.65%	18.53%	-1.08%	18.17%	27.97%	-5.92%
Net Income Growth	-32.22%	12.85%	-2.81%	-3.09%	16.32%	23.18%	-3.16%	518.10%	89.77%	-323.45%
EPS Growth	-32.51%	12.15%	-2.81%	-3.09%	15.38%	21.58%	-2.80%	333.33%	110.31%	-306.45%
Operating Cash Flow Growth	51.02%	-34.79%	2.88%	-35.48%	41.69%	8.48%	11.58%	-3.07%	-30.16%	12.74%
Free Cash Flow Firm Growth	-111.77%	-60.60%	362.49%	-343.79%	1,595.52%	107.30%	-266.95%	-59.58%	-36.04%	-60.23%
Invested Capital Growth	6.69%	-6.17%	-18.82%	15.10%	4.95%	8.68%	12.61%	6.53%	1.27%	-3.98%
Revenue Q/Q Growth	-60.47%	-60.23%	-33.96%	-38.56%	0.13%	3.26%	0.99%	3.47%	0.02%	2.79%
EBITDA Q/Q Growth	-30.85%	-11.01%	55.34%	-37.12%	3.80%	4.29%	-1.12%	2.12%	1.23%	12.59%
EBIT Q/Q Growth	-40.04%	-11.65%	72.32%	-39.45%	4.60%	4.32%	-3.27%	3.36%	2.89%	19.91%
NOPAT Q/Q Growth	-44.97%	-40.02%	51.46%	-38.19%	1.79%	3.59%	-9.91%	19.62%	3.88%	5.47%
Net Income Q/Q Growth	-29.14%	14.86%	9.07%	-6.38%	4.62%	5.09%	-11.81%	21.41%	28.94%	-7.24%
EPS Q/Q Growth	-29.74%	14.69%	9.07%	-6.38%	4.84%	4.97%	-11.47%	20.17%	26.92%	-5.61%
Operating Cash Flow Q/Q Growth	-16.21%	-16.85%	22.94%	-24.01%	-6.40%	40.63%	1.29%	-2.10%	-13.56%	15.83%
Free Cash Flow Firm Q/Q Growth	-150.26%	3,214.92%	28.72%	-576.76%	-25.99%	103.45%	-1,692.67%	-65.20%	102.05%	59.75%
Invested Capital Q/Q Growth	-8.95%	-9.19%	4.05%	7.51%	-0.29%	-1.89%	5.93%	2.96%	-3.25%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.11%	51.33%	49.79%	83.87%	91.74%	90.48%	89.30%	88.53%	88.90%	86.64%
EBITDA Margin	28.95%	35.29%	22.52%	16.09%	15.52%	14.14%	13.72%	14.41%	15.27%	13.70%
Operating Margin	15.11%	12.47%	11.50%	9.58%	9.85%	9.02%	8.87%	9.54%	9.90%	7.97%
EBIT Margin	17.46%	24.67%	11.68%	10.33%	10.33%	9.31%	8.86%	9.74%	10.03%	8.43%
Profit (Net Income) Margin	15.99%	23.00%	21.03%	10.95%	7.05%	6.29%	6.01%	6.33%	-1.63%	-16.38%
Tax Burden Percent	141.50%	121.85%	297.69%	132.18%	82.13%	84.19%	85.94%	80.34%	-20.62%	-266.21%
Interest Burden Percent	64.71%	76.49%	60.47%	80.18%	83.12%	80.16%	78.92%	80.87%	78.78%	73.04%
Effective Tax Rate	8.85%	3.00%	5.02%	15.22%	17.80%	15.88%	14.99%	18.58%	28.55%	28.60%
Return on Invested Capital (ROIC)	5.18%	4.67%	3.55%	5.06%	8.89%	8.58%	8.00%	8.87%	7.80%	6.01%
ROIC Less NNEP Spread (ROIC-NNEP)	7.25%	18.44%	12.87%	9.26%	6.11%	5.13%	4.09%	4.66%	-19.25%	-90.75%
Return on Net Nonoperating Assets (RNNOA)	4.87%	8.11%	7.00%	6.65%	4.28%	3.82%	2.91%	2.99%	-10.58%	-28.80%
Return on Equity (ROE)	10.05%	12.78%	10.54%	11.70%	13.17%	12.39%	10.90%	11.85%	-2.78%	-22.80%
Cash Return on Invested Capital (CROIC)	-1.30%	11.03%	24.32%	-8.98%	4.06%	0.26%	-3.87%	2.54%	6.53%	10.07%
Operating Return on Assets (OROA)	4.13%	5.09%	2.20%	4.21%	7.27%	6.78%	6.03%	6.86%	6.45%	4.70%
Return on Assets (ROA)	3.78%	4.74%	3.96%	4.46%	4.96%	4.57%	4.09%	4.46%	-1.05%	-9.14%
Return on Common Equity (ROCE)	10.05%	12.78%	10.54%	11.70%	13.17%	12.40%	10.92%	11.82%	-2.69%	-21.73%
Return on Equity Simple (ROE_SIMPLE)	10.45%	14.27%	10.24%	11.18%	12.67%	11.78%	10.61%	11.58%	-2.90%	-27.44%
Net Operating Profit after Tax (NOPAT)	242	218	191	281	448	405	342	345	292	228
NOPAT Margin	13.77%	12.10%	10.92%	8.12%	8.10%	7.59%	7.54%	7.77%	7.08%	5.69%
Net Nonoperating Expense Percent (NNEP)	-2.08%	-13.77%	-9.32%	-4.20%	2.78%	3.44%	3.90%	4.21%	27.05%	96.76%
Return On Investment Capital (ROIC_SIMPLE)	4.86%	4.22%	3.18%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	43.89%	48.67%	50.21%	16.13%	8.26%	9.52%	10.70%	11.47%	11.10%	13.36%
SG&A Expenses to Revenue	23.58%	22.57%	21.75%	63.97%	72.81%	72.99%	71.85%	70.57%	70.08%	69.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.00%	38.85%	38.30%	74.29%	81.89%	81.46%	80.44%	78.99%	79.00%	78.67%
Earnings before Interest and Taxes (EBIT)	307	445	204	357	572	497	401	433	414	338
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	509	636	394	556	859	754	622	640	630	550
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	0.73	0.87	1.72	1.55	1.83	1.54	1.78	1.96	1.16
Price to Tangible Book Value (P/TBV)	1.57	0.83	1.01	2.25	2.04	2.42	2.09	2.41	2.71	1.59
Price to Revenue (P/Rev)	2.09	1.17	1.80	1.69	0.86	0.98	0.88	0.97	1.09	0.69
Price to Earnings (P/E)	13.07	5.10	8.54	15.43	12.25	15.53	14.57	15.43	70.61	0.00
Dividend Yield	77.05%	6.03%	5.67%	2.98%	3.50%	3.13%	3.93%	3.50%	3.28%	5.17%
Earnings Yield	7.65%	19.61%	11.71%	6.48%	8.16%	6.44%	6.86%	6.48%	1.42%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	0.93	1.11	1.41	1.32	1.47	1.30	1.46	1.63	1.21
Enterprise Value to Revenue (EV/Rev)	3.29	2.33	3.06	2.42	1.23	1.36	1.30	1.32	1.49	1.12
Enterprise Value to EBITDA (EV/EBITDA)	11.37	6.60	13.57	15.01	7.94	9.59	9.46	9.17	9.73	8.19
Enterprise Value to EBIT (EV/EBIT)	18.84	9.45	26.17	23.40	11.93	14.56	14.66	13.56	14.82	13.32
Enterprise Value to NOPAT (EV/NOPAT)	23.89	19.26	28.00	29.74	15.22	17.88	17.23	17.00	21.00	19.73
Enterprise Value to Operating Cash Flow (EV/OCF)	11.52	12.64	10.47	16.84	8.87	13.35	11.77	13.10	13.27	6.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	8.15	4.08	0.00	33.35	600.24	0.00	59.33	25.06	11.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.78	0.67	0.81	0.74	0.79	0.82	0.71	0.77	0.71
Long-Term Debt to Equity	0.79	0.72	0.65	0.77	0.72	0.78	0.72	0.64	0.75	0.62
Financial Leverage	0.67	0.44	0.54	0.72	0.70	0.74	0.71	0.64	0.55	0.32
Leverage Ratio	2.66	2.69	2.66	2.63	2.66	2.71	2.67	2.66	2.66	2.50
Compound Leverage Factor	1.72	2.06	1.61	2.10	2.21	2.17	2.10	2.15	2.09	1.82
Debt to Total Capital	46.01%	43.77%	40.13%	44.77%	42.36%	44.07%	45.10%	41.38%	43.59%	41.61%
Short-Term Debt to Total Capital	3.24%	3.03%	1.44%	2.42%	0.97%	0.32%	5.39%	3.58%	1.06%	5.53%
Long-Term Debt to Total Capital	42.76%	40.74%	38.69%	42.35%	41.40%	43.74%	39.71%	37.80%	42.53%	36.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.35%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.87%
Common Equity to Total Capital	53.99%	56.23%	59.87%	55.23%	57.64%	55.93%	54.98%	58.70%	56.04%	55.17%
Debt to EBITDA	4.50	3.55	6.11	4.93	2.63	2.97	3.39	2.68	2.84	3.27
Net Debt to EBITDA	4.15	3.28	5.60	4.52	2.37	2.69	3.08	2.41	2.57	2.90
Long-Term Debt to EBITDA	4.19	3.31	5.89	4.67	2.57	2.95	2.99	2.45	2.77	2.83
Debt to NOPAT	9.47	10.36	12.60	9.77	5.05	5.54	6.17	4.97	6.13	7.87
Net Debt to NOPAT	8.72	9.57	11.56	8.95	4.55	5.01	5.61	4.47	5.54	6.98
Long-Term Debt to NOPAT	8.80	9.65	12.15	9.24	4.94	5.50	5.44	4.54	5.98	6.82
Altman Z-Score	1.10	0.94	0.91	1.49	1.82	1.87	1.64	1.87	1.82	1.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.07%	-0.15%	0.24%	3.18%	4.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	1.27	1.36	1.42	1.39	1.50	1.20	1.32	1.46	1.05
Quick Ratio	0.50	0.29	0.77	0.92	0.97	1.04	0.79	0.94	1.01	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	515	1,308	-498	204	12	-165	99	245	383
Operating Cash Flow to CapEx	96.21%	68.74%	115.25%	105.35%	147.07%	99.27%	92.21%	208.58%	134.61%	137.23%
Free Cash Flow to Firm to Interest Expense	-0.56	4.93	16.22	-7.05	2.12	0.12	-1.95	1.20	2.79	4.20
Operating Cash Flow to Interest Expense	4.64	3.18	6.32	7.01	7.96	5.50	5.91	5.41	5.26	7.26
Operating Cash Flow Less CapEx to Interest Expense	-0.18	-1.45	0.84	0.36	2.55	-0.04	-0.50	2.82	1.35	1.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.21	0.19	0.41	0.70	0.73	0.68	0.70	0.64	0.56
Accounts Receivable Turnover	6.70	2.74	1.74	3.79	6.47	6.84	6.25	6.55	6.81	6.79
Inventory Turnover	17.22	16.12	4.39	1.78	1.61	1.80	1.89	2.19	1.91	2.02
Fixed Asset Turnover	0.34	0.37	0.33	0.63	1.10	1.12	1.05	1.11	1.05	1.03
Accounts Payable Turnover	4.98	2.56	1.75	1.23	1.10	1.33	1.45	1.72	1.62	1.90
Days Sales Outstanding (DSO)	54.45	133.03	210.05	96.19	56.42	53.33	58.40	55.75	53.60	53.72
Days Inventory Outstanding (DIO)	21.20	22.65	83.18	205.28	227.35	203.19	193.43	166.45	190.69	180.33
Days Payable Outstanding (DPO)	73.34	142.54	208.96	296.47	331.17	273.66	252.50	212.08	225.41	192.31
Cash Conversion Cycle (CCC)	2.31	13.14	84.27	5.00	-47.39	-17.13	-0.68	10.12	18.88	41.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,827	4,525	4,822	5,939	5,160	4,917	4,524	4,017	3,771	3,724
Invested Capital Turnover	0.38	0.39	0.32	0.62	1.10	1.13	1.06	1.14	1.10	1.06
Increase / (Decrease) in Invested Capital	303	-297	-1,118	779	243	393	507	246	47	-154
Enterprise Value (EV)	5,784	4,203	5,343	8,347	6,819	7,238	5,884	5,870	6,135	4,505
Market Capitalization	3,674	2,115	3,138	5,835	4,780	5,210	3,968	4,327	4,501	2,773
Book Value per Share	$13.20	$14.27	$17.64	$16.64	$15.36	$14.21	$13.11	$12.46	$11.78	$12.20
Tangible Book Value per Share	$11.50	$12.57	$15.22	$12.76	$11.66	$10.73	$9.67	$9.20	$8.52	$8.91
Total Capital	4,983	5,166	5,991	6,125	5,342	5,090	4,675	4,144	4,106	4,317
Total Debt	2,293	2,261	2,404	2,742	2,263	2,243	2,109	1,715	1,790	1,796
Total Long-Term Debt	2,131	2,105	2,318	2,594	2,212	2,227	1,857	1,566	1,747	1,558
Net Debt	2,110	2,088	2,205	2,512	2,039	2,028	1,916	1,543	1,618	1,593
Capital Expenditures (CapEx)	522	484	443	471	522	546	542	215	343	482
Debt-free, Cash-free Net Working Capital (DFCFNWC)	82	384	548	553	366	381	396	371	305	199
Debt-free Net Working Capital (DFNWC)	149	444	618	607	425	448	450	406	351	283
Net Working Capital (NWC)	-12	288	532	459	374	431	198	257	308	44
Net Nonoperating Expense (NNE)	-39	-197	-177	-97	58	69	69	64	359	886
Net Nonoperating Obligations (NNO)	2,137	1,619	1,235	2,556	2,081	2,070	1,957	1,588	1,455	1,203
Total Depreciation and Amortization (D&A)	202	191	189	199	287	257	220	207	216	212
Debt-free, Cash-free Net Working Capital to Revenue	4.69%	21.28%	31.36%	16.00%	6.61%	7.15%	8.74%	8.35%	7.39%	4.95%
Debt-free Net Working Capital to Revenue	8.50%	24.64%	35.40%	17.56%	7.69%	8.39%	9.93%	9.13%	8.51%	7.04%
Net Working Capital to Revenue	-0.70%	15.97%	30.46%	13.28%	6.76%	8.08%	4.37%	5.79%	7.46%	1.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.38	$2.04	$1.25	$1.29	$1.35	$1.17	$0.96	$1.00	$0.23	($2.21)
Adjusted Weighted Average Basic Shares Outstanding	203.87M	203.64M	294.05M	292.20M	289.92M	287.19M	283.01M	282.41M	282.40M	281.86M
Adjusted Diluted Earnings per Share	$1.37	$2.03	$1.25	$1.29	$1.35	$1.17	$0.96	$0.99	$0.23	($2.21)
Adjusted Weighted Average Diluted Shares Outstanding	204.65M	203.94M	294.20M	292.64M	290.02M	287.21M	283.63M	282.96M	282.86M	281.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	204.33M	203.69M	294.44M	294.04M	289.95M	289.76M	283.55M	282.41M	282.41M	282.35M
Normalized Net Operating Profit after Tax (NOPAT)	242	218	191	281	448	405	342	345	292	228
Normalized NOPAT Margin	13.77%	12.10%	10.92%	8.12%	8.10%	7.59%	7.54%	7.77%	7.08%	5.69%
Pre Tax Income Margin	11.30%	18.87%	7.07%	8.28%	8.59%	7.47%	6.99%	7.88%	7.90%	6.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.83	4.25	2.53	5.05	5.92	5.04	4.74	5.23	4.71	3.71
NOPAT to Interest Expense	2.23	2.09	2.36	3.97	4.64	4.11	4.04	4.17	3.33	2.50
EBIT Less CapEx to Interest Expense	-1.99	-0.37	-2.96	-1.61	0.51	-0.50	-1.66	2.63	0.81	-1.58
NOPAT Less CapEx to Interest Expense	-2.58	-2.54	-3.12	-2.69	-0.77	-1.43	-2.37	1.58	-0.58	-2.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.62%	38.90%	48.14%	45.32%	42.65%	47.77%	56.76%	53.60%	-218.79%	-21.72%
Augmented Payout Ratio	36.62%	40.06%	50.16%	47.09%	42.65%	47.77%	58.61%	54.20%	-218.79%	-21.72%

This table displays calculated financial ratios and metrics derived from MDU Resources Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.71%	9.59%	4.97%	-3.99%	-15.12%	-2.21%	-0.17%	8.06%	0.96%	-114.70%	-36.79%
EBITDA Growth	6.86%	-111.61%	9.78%	10.11%	13.42%	284.10%	23.56%	67.67%	24.74%	143.08%	-56.09%
EBIT Growth	8.56%	-139.66%	11.89%	13.50%	16.17%	977.57%	40.05%	52.56%	98.47%	116.47%	-65.77%
NOPAT Growth	16.13%	15.54%	3.86%	21.73%	19.64%	-700.92%	30.28%	8.35%	75.91%	112.37%	-63.76%
Net Income Growth	-18.76%	-67.69%	-13.77%	-53.76%	163.08%	45.82%	-49.36%	84.94%	20.75%	35.31%	6.24%
EPS Growth	-18.37%	-67.86%	-13.51%	-53.13%	157.89%	44.83%	-49.32%	82.86%	20.75%	35.31%	6.24%
Operating Cash Flow Growth	31.72%	-61.62%	37.72%	16.89%	478.25%	-29.95%	-38.60%	1,643.04%	-138.83%	73.22%	-9.38%
Free Cash Flow Firm Growth	-122.37%	-232.62%	11.49%	40.46%	-108.95%	-77.31%	-129.17%	-140.68%	254.87%	234.55%	581.61%
Invested Capital Growth	4.58%	6.69%	6.41%	6.48%	4.34%	-6.17%	7.51%	10.66%	-17.38%	-18.82%	-16.12%
Revenue Q/Q Growth	143.43%	-247.92%	0.28%	-13.70%	6.91%	-271.73%	-8.28%	-23.70%	41.18%	-267.73%	-0.72%
EBITDA Q/Q Growth	999.93%	-111.68%	0.28%	-21.84%	-1.19%	10.40%	0.57%	-19.49%	-24.70%	-64.49%	36.48%
EBIT Q/Q Growth	327.64%	-149.48%	0.22%	-30.27%	-2.29%	39.59%	1.67%	-28.63%	-31.88%	-81.86%	10.75%
NOPAT Q/Q Growth	387.20%	-147.41%	4.69%	-36.72%	-35.00%	-158.31%	22.70%	-37.80%	-35.02%	-87.36%	2.05%
Net Income Q/Q Growth	48.60%	-14.63%	6.91%	-40.10%	-40.90%	127.86%	-42.67%	240.76%	-67.24%	-20.87%	109.39%
EPS Q/Q Growth	48.15%	-15.63%	6.67%	-38.78%	-41.67%	127.03%	-42.19%	236.84%	-67.24%	-20.87%	109.39%
Operating Cash Flow Q/Q Growth	259.27%	-56.83%	2.74%	-17.34%	4.68%	54.90%	-12.79%	367.48%	-119.39%	35.76%	2,375.74%
Free Cash Flow Firm Q/Q Growth	68.29%	-38.57%	0.89%	-141.44%	19.33%	192.47%	33.32%	-136.31%	-9.79%	18.88%	-7.00%
Invested Capital Q/Q Growth	-0.85%	-8.95%	1.46%	0.81%	1.19%	-9.19%	1.53%	-1.22%	3.04%	4.05%	4.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.52%	0.00%	92.52%	88.13%	76.01%	0.00%	91.51%	87.51%	72.35%	0.00%	91.83%
EBITDA Margin	25.11%	0.00%	15.35%	15.35%	16.95%	0.00%	14.68%	13.38%	12.68%	0.00%	11.86%
Operating Margin	16.72%	0.00%	8.64%	8.57%	11.20%	0.00%	8.45%	7.52%	8.29%	0.00%	6.09%
EBIT Margin	17.47%	0.00%	9.96%	9.97%	12.34%	0.00%	9.34%	8.43%	9.01%	0.00%	6.66%
Profit (Net Income) Margin	12.15%	0.00%	6.15%	5.77%	8.31%	0.00%	7.49%	11.98%	2.68%	0.00%	14.76%
Tax Burden Percent	90.03%	-75.21%	85.95%	79.73%	83.37%	-276.69%	81.85%	63.58%	36.55%	-2,983.13%	317.67%
Interest Burden Percent	77.24%	141.65%	71.84%	72.60%	80.83%	-47.27%	97.88%	223.45%	81.42%	-32.40%	69.76%
Effective Tax Rate	9.41%	0.00%	17.32%	20.09%	16.63%	0.00%	14.56%	28.18%	20.07%	0.00%	9.04%
Return on Invested Capital (ROIC)	5.97%	0.00%	6.18%	5.94%	8.17%	0.00%	6.81%	5.24%	5.37%	0.00%	2.88%
ROIC Less NNEP Spread (ROIC-NNEP)	4.86%	0.00%	5.71%	5.43%	7.48%	0.00%	6.97%	9.66%	2.59%	0.00%	8.43%
Return on Net Nonoperating Assets (RNNOA)	3.09%	0.00%	4.39%	4.18%	4.10%	0.00%	3.76%	5.15%	1.51%	0.00%	4.12%
Return on Equity (ROE)	9.06%	0.00%	10.57%	10.13%	12.27%	0.00%	10.57%	10.40%	6.88%	0.00%	7.00%
Cash Return on Invested Capital (CROIC)	1.00%	-1.30%	2.35%	2.29%	3.57%	11.03%	0.32%	-2.74%	25.38%	24.32%	20.01%
Operating Return on Assets (OROA)	4.35%	0.00%	5.52%	5.60%	6.20%	0.00%	4.85%	4.50%	4.27%	0.00%	1.94%
Return on Assets (ROA)	3.03%	0.00%	3.41%	3.24%	4.18%	0.00%	3.89%	6.39%	1.27%	0.00%	4.30%
Return on Common Equity (ROCE)	9.06%	0.00%	10.57%	10.13%	12.27%	0.00%	10.57%	10.40%	6.88%	0.00%	7.00%
Return on Equity Simple (ROE_SIMPLE)	9.56%	0.00%	12.97%	13.49%	16.01%	0.00%	13.09%	16.04%	10.46%	0.00%	9.65%
Net Operating Profit after Tax (NOPAT)	102	-36	75	72	113	-42	72	59	95	7.01	55
NOPAT Margin	15.15%	0.00%	7.15%	6.85%	9.34%	0.00%	7.22%	5.40%	6.62%	0.00%	5.54%
Net Nonoperating Expense Percent (NNEP)	1.11%	-4.83%	0.47%	0.51%	0.69%	-14.92%	-0.16%	-4.42%	2.79%	-5.81%	-5.55%
Return On Investment Capital (ROIC_SIMPLE)	2.07%	-0.71%	-	-	-	-0.82%	-	-	-	0.12%	-
Cost of Revenue to Revenue	53.48%	0.00%	7.48%	11.87%	23.99%	0.00%	8.49%	12.49%	27.65%	0.00%	8.17%
SG&A Expenses to Revenue	16.46%	0.00%	74.88%	69.97%	55.36%	0.00%	73.81%	70.53%	55.70%	0.00%	76.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.79%	0.00%	83.88%	79.57%	64.81%	0.00%	83.06%	79.99%	64.07%	0.00%	85.74%
Earnings before Interest and Taxes (EBIT)	118	-52	105	104	150	131	94	92	129	12	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	-19	161	161	206	162	147	146	181	42	119
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.37	0.98	1.70	1.71	0.73	0.76	2.23	1.68	0.87	1.52
Price to Tangible Book Value (P/TBV)	1.44	1.57	1.17	2.02	2.05	0.83	0.92	2.72	1.95	1.01	1.77
Price to Revenue (P/Rev)	1.87	2.09	0.67	1.16	1.15	1.17	0.46	1.33	1.35	1.80	2.00
Price to Earnings (P/E)	13.18	13.07	7.56	12.57	10.70	5.10	5.79	13.88	16.04	8.54	15.72
Dividend Yield	82.14%	77.05%	3.43%	1.99%	2.38%	6.03%	6.38%	3.33%	2.99%	5.67%	3.34%
Earnings Yield	7.59%	7.65%	13.23%	7.95%	9.35%	19.61%	17.26%	7.21%	6.24%	11.71%	6.36%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.20	0.98	1.40	1.41	0.93	0.86	1.67	1.67	1.11	1.60
Enterprise Value to Revenue (EV/Rev)	2.97	3.29	1.17	1.66	1.64	2.33	0.95	1.80	1.86	3.06	2.79
Enterprise Value to EBITDA (EV/EBITDA)	10.53	11.37	7.09	10.12	10.31	6.60	6.00	11.90	13.23	13.57	29.18
Enterprise Value to EBIT (EV/EBIT)	17.30	18.84	10.19	14.57	14.91	9.45	8.52	17.15	18.66	26.17	62.42
Enterprise Value to NOPAT (EV/NOPAT)	21.35	23.89	11.85	16.81	18.36	19.26	11.80	23.73	23.82	28.00	58.69
Enterprise Value to Operating Cash Flow (EV/OCF)	9.86	11.52	8.70	13.01	13.45	12.64	10.73	17.63	23.47	10.47	17.82
Enterprise Value to Free Cash Flow (EV/FCFF)	117.12	0.00	43.21	62.80	40.17	8.15	275.96	0.00	5.96	4.08	7.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.85	0.80	0.80	0.80	0.78	0.96	0.96	0.71	0.67	0.65
Long-Term Debt to Equity	0.74	0.79	0.73	0.73	0.78	0.72	0.83	0.83	0.61	0.65	0.63
Financial Leverage	0.64	0.67	0.77	0.77	0.55	0.44	0.54	0.53	0.58	0.54	0.49
Leverage Ratio	2.59	2.66	2.76	2.73	2.70	2.69	2.80	2.79	2.71	2.66	2.66
Compound Leverage Factor	2.00	3.76	1.98	1.98	2.18	-1.27	2.74	6.24	2.21	-0.86	1.86
Debt to Total Capital	44.44%	46.01%	44.50%	44.30%	44.46%	43.77%	48.98%	48.93%	41.47%	40.13%	39.49%
Short-Term Debt to Total Capital	3.28%	3.24%	3.97%	3.57%	1.13%	3.03%	6.80%	6.54%	5.59%	1.44%	1.50%
Long-Term Debt to Total Capital	41.16%	42.76%	40.53%	40.73%	43.33%	40.74%	42.18%	42.39%	35.88%	38.69%	37.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.56%	53.99%	55.50%	55.70%	55.54%	56.23%	51.02%	51.07%	58.53%	59.87%	60.52%
Debt to EBITDA	4.22	4.50	3.33	3.33	3.38	3.55	3.70	3.77	4.03	6.11	8.99
Net Debt to EBITDA	3.88	4.15	3.01	3.03	3.08	3.28	3.08	3.14	3.68	5.60	8.27
Long-Term Debt to EBITDA	3.91	4.19	3.04	3.06	3.29	3.31	3.19	3.27	3.49	5.89	8.65
Debt to NOPAT	8.56	9.47	5.57	5.53	6.02	10.36	7.28	7.52	7.26	12.60	18.09
Net Debt to NOPAT	7.87	8.72	5.04	5.03	5.49	9.57	6.05	6.25	6.62	11.56	16.63
Long-Term Debt to NOPAT	7.93	8.80	5.08	5.08	5.86	9.65	6.27	6.52	6.28	12.15	17.40
Altman Z-Score	1.01	0.94	1.21	1.49	1.56	0.81	1.11	1.61	1.40	0.84	1.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%	-0.01%	0.00%	-0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.85	0.98	1.15	1.22	1.43	1.27	1.29	1.37	1.29	1.36	1.38
Quick Ratio	0.52	0.50	0.81	0.89	1.11	0.29	1.02	1.09	0.72	0.77	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-107	-338	-244	-246	-102	255	-276	-414	1,140	1,125	946
Operating Cash Flow to CapEx	233.76%	46.30%	91.43%	119.04%	133.80%	125.37%	75.18%	102.26%	-40.24%	231.34%	122.47%
Free Cash Flow to Firm to Interest Expense	-4.00	-15.69	-8.29	-8.61	-3.56	11.55	-8.59	-15.64	47.58	70.11	46.84
Operating Cash Flow to Interest Expense	8.11	2.81	4.76	4.77	5.75	7.14	3.17	4.41	-1.82	14.04	8.21
Operating Cash Flow Less CapEx to Interest Expense	4.64	-3.26	-0.45	0.76	1.45	1.45	-1.05	0.10	-6.35	7.97	1.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.24	0.55	0.56	0.50	0.21	0.52	0.53	0.47	0.19	0.29
Accounts Receivable Turnover	7.25	6.70	4.87	4.73	4.40	2.74	5.20	5.35	4.38	1.74	2.89
Inventory Turnover	51.74	17.22	8.46	11.31	13.57	16.12	11.22	17.11	4.40	4.39	3.65
Fixed Asset Turnover	0.35	0.34	0.86	0.86	0.89	0.37	0.93	0.95	0.84	0.33	0.52
Accounts Payable Turnover	7.50	4.98	1.61	1.75	1.76	2.56	2.20	2.40	2.17	1.75	1.50
Days Sales Outstanding (DSO)	50.31	54.45	74.99	77.23	82.95	133.03	70.15	68.18	83.33	210.05	126.24
Days Inventory Outstanding (DIO)	7.05	21.20	43.13	32.26	26.90	22.65	32.54	21.34	83.03	83.18	100.07
Days Payable Outstanding (DPO)	48.67	73.34	226.40	209.13	207.55	142.54	165.90	152.37	168.54	208.96	243.41
Cash Conversion Cycle (CCC)	8.69	2.31	-108.28	-99.63	-97.70	13.14	-63.21	-62.85	-2.17	84.27	-17.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,786	4,827	5,302	5,226	5,184	4,525	4,982	4,908	4,968	4,822	4,634
Invested Capital Turnover	0.39	0.38	0.86	0.87	0.87	0.39	0.94	0.97	0.81	0.32	0.52
Increase / (Decrease) in Invested Capital	210	303	319	318	215	-297	348	473	-1,045	-1,118	-890
Enterprise Value (EV)	5,472	5,784	5,215	7,300	7,284	4,203	4,291	8,180	8,309	5,343	7,394
Market Capitalization	3,455	3,674	2,998	5,118	5,106	2,115	2,092	6,024	5,999	3,138	5,298
Book Value per Share	$13.43	$13.20	$15.00	$14.80	$14.63	$14.27	$13.54	$13.29	$17.56	$17.64	$17.17
Tangible Book Value per Share	$11.73	$11.50	$12.60	$12.40	$12.22	$12.57	$11.13	$10.87	$15.14	$15.22	$14.75
Total Capital	4,937	4,983	5,510	5,418	5,367	5,166	5,405	5,299	6,109	5,991	5,771
Total Debt	2,194	2,293	2,452	2,401	2,386	2,261	2,648	2,592	2,533	2,404	2,279
Total Long-Term Debt	2,032	2,131	2,234	2,207	2,326	2,105	2,280	2,246	2,192	2,318	2,192
Net Debt	2,017	2,110	2,218	2,183	2,178	2,088	2,200	2,156	2,310	2,205	2,095
Capital Expenditures (CapEx)	93	131	153	115	123	126	135	114	108	97	135
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.13	82	301	346	369	384	400	463	728	548	584
Debt-free Net Working Capital (DFNWC)	69	149	405	441	458	444	709	759	814	618	642
Net Working Capital (NWC)	-93	-12	186	247	397	288	341	413	472	532	556
Net Nonoperating Expense (NNE)	20	-91	10	11	12	-213	-2.64	-72	56	-110	-92
Net Nonoperating Obligations (NNO)	2,043	2,137	2,244	2,208	2,203	1,619	2,225	2,201	1,393	1,235	1,142
Total Depreciation and Amortization (D&A)	52	33	57	56	56	32	53	54	52	30	52
Debt-free, Cash-free Net Working Capital to Revenue	0.50%	4.69%	6.77%	7.88%	8.30%	21.28%	8.83%	10.20%	16.33%	31.36%	22.09%
Debt-free Net Working Capital to Revenue	3.72%	8.50%	9.11%	10.02%	10.31%	24.64%	15.64%	16.74%	18.26%	35.40%	24.28%
Net Working Capital to Revenue	-5.04%	-0.70%	4.19%	5.62%	8.94%	15.97%	7.53%	9.11%	10.60%	30.46%	21.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.27	$0.32	$0.30	$0.50	$0.84	$0.37	$0.64	$0.13	$0.40	$0.50
Adjusted Weighted Average Basic Shares Outstanding	204.14M	203.87M	203.89M	203.89M	203.78M	203.64M	203.64M	203.64M	294.44M	294.05M	294.04M
Adjusted Diluted Earnings per Share	$0.40	$0.27	$0.32	$0.30	$0.49	$0.84	$0.37	$0.64	$0.13	$0.40	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	204.96M	204.65M	204.68M	204.58M	204.19M	203.94M	203.89M	203.88M	294.85M	294.20M	294.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.27	$0.00	$0.00	$0.00	$0.84	$0.00	$0.00	$0.00	$0.40	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	204.33M	204.33M	203.89M	203.89M	203.89M	203.69M	203.64M	203.64M	294.46M	294.44M	294.04M
Normalized Net Operating Profit after Tax (NOPAT)	102	-36	75	72	113	-42	72	59	95	7.01	55
Normalized NOPAT Margin	15.15%	0.00%	7.15%	6.85%	9.34%	0.00%	7.22%	5.40%	6.62%	0.00%	5.54%
Pre Tax Income Margin	13.49%	0.00%	7.16%	7.24%	9.97%	0.00%	9.15%	18.84%	7.34%	0.00%	4.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.39	-2.40	3.55	3.65	5.22	5.91	2.91	3.48	5.38	0.76	3.31
NOPAT to Interest Expense	3.81	-1.65	2.55	2.51	3.95	-1.91	2.25	2.23	3.95	0.44	2.75
EBIT Less CapEx to Interest Expense	0.93	-8.46	-1.65	-0.36	0.92	0.22	-1.30	-0.84	0.85	-5.31	-3.40
NOPAT Less CapEx to Interest Expense	0.34	-7.71	-2.66	-1.50	-0.35	-7.61	-1.97	-2.09	-0.57	-5.63	-3.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.50%	36.62%	25.81%	30.02%	29.75%	38.90%	49.88%	41.24%	47.57%	48.14%	52.21%
Augmented Payout Ratio	39.50%	36.62%	25.81%	30.02%	29.75%	40.06%	51.21%	42.34%	48.85%	50.16%	54.40%

Frequently Asked Questions About MDU Resources Group's Financials

When does MDU Resources Group's financial year end?

According to the most recent income statement we have on file, MDU Resources Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MDU Resources Group's net income changed over the last 9 years?

MDU Resources Group's net income appears to be on an upward trend, with a most recent value of $281.11 million in 2024, falling from -$657.69 million in 2015. The previous period was $414.71 million in 2023. See where experts think MDU Resources Group is headed by visiting MDU Resources Group's forecast page.

What is MDU Resources Group's operating income?

MDU Resources Group's total operating income in 2024 was $265.64 million, based on the following breakdown:

Total Gross Profit: $986.43 million
Total Operating Expenses: $720.79 million

How has MDU Resources Group revenue changed over the last 9 years?

Over the last 9 years, MDU Resources Group's total revenue changed from $4.01 billion in 2015 to $1.76 billion in 2024, a change of -56.2%.

How much debt does MDU Resources Group have?

MDU Resources Group's total liabilities were at $4.35 billion at the end of 2024, a 11.8% decrease from 2023, and a 7.5% increase since 2015.

How much cash does MDU Resources Group have?

In the past 9 years, MDU Resources Group's cash and equivalents has ranged from $34.60 million in 2017 to $83.90 million in 2015, and is currently $66.90 million as of their latest financial filing in 2024.

How has MDU Resources Group's book value per share changed over the last 9 years?

Over the last 9 years, MDU Resources Group's book value per share changed from 12.20 in 2015 to 13.20 in 2024, a change of 8.2%.

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This page (NYSE:MDU) was last updated on 5/31/2025 by MarketBeat.com Staff

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MDU Resources Group (MDU) Financials

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MDU Resources Group (MDU) Financials

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