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Northwest Natural (NWN) Financials

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$40.99 -0.42 (-1.01%)
Closing price 05/28/2025 03:59 PM Eastern
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$41.44 +0.45 (+1.09%)
As of 08:02 AM Eastern
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Annual Income Statements for Northwest Natural

Annual Income Statements for Northwest Natural

This table shows Northwest Natural'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 2014
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 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 79 94 86 79 77 62 65 -56 59 54 59
Consolidated Net Income / (Loss)		 79 94 86 79 77 62 65 -56 59 54 59
Net Income / (Loss) Continuing Operations		 79 94 86 79 70 65 67 72 62 54 59
Total Pre-Tax Income 		110 126 116 106 91 78 92 113 105 89 100
Total Operating Income		 191 185 167 163 148 143 132 151 151 124 143
Total Gross Profit		 446 424 383 364 331 313 451 430 408 396 389
Total Revenue		 1,153 1,197 1,037 860 774 746 706 755 668 724 754
Operating Revenue		 1,153 1,197 1,037 860 774 746 706 755 668 724 754
Total Cost of Revenue		 707 774 654 497 443 433 256 325 261 327 365
Operating Cost of Revenue		 707 774 654 497 443 433 256 325 261 327 365
Total Operating Expenses		 255 239 216 201 182 170 318 279 257 272 246
Selling, General & Admin Expense		 5.85 5.53 3.62 3.90 3.70 3.25 160 0.00 0.00 - -
Depreciation Expense		 138 126 117 114 104 91 85 81 78 81 79
Other Operating Expenses / (Income)		 97 95 83 73 65 63 62 183 166 188 166
Other Special Charges / (Income)		 14 13 12 9.94 9.69 12 11 15 13 3.51 0.00
Total Other Income / (Expense), net		 -81 -59 -52 -57 -57 -66 -41 -38 -45 -35 -43
Interest & Investment Income		 -80 -77 -53 -44 -43 -43 -37 -38 -38 -43 -45
Other Income / (Expense), net		 -1.14 18 1.33 -13 -14 -23 -3.60 -0.30 -7.15 7.75 1.93
Income Tax Expense		 31 32 29 27 21 13 24 41 43 36 42
Basic Earnings per Share		 $2.03 $2.59 $2.54 $2.56 $2.51 $2.07 $2.24 ($1.94) $2.13 $1.96 $2.16
Weighted Average Basic Shares Outstanding		 38.81M 36.21M 33.93M 30.70M 30.54M 29.79M 28.80M 28.67M 27.65M 27.35M 27.16M
Diluted Earnings per Share		 $2.03 $2.59 $2.54 $2.56 $2.51 $2.07 $2.24 ($1.93) $2.12 $1.96 $2.16
Weighted Average Diluted Shares Outstanding		 38.87M 36.27M 33.98M 30.75M 30.60M 29.86M 28.87M 28.75M 27.78M 27.42M 27.22M
Weighted Average Basic & Diluted Shares Outstanding		 40.24M 37.68M - 31.16M 30.61M 29.80M 28.80M 28.70M 27.70M 27.40M 27.20M

Quarterly Income Statements for Northwest Natural

This table shows Northwest Natural'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
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
Net Income / (Loss) Attributable to Common Shareholders		 88 46 -28 -2.73 64 43 -24 2.48 72
Consolidated Net Income / (Loss)		 88 45 -27 -2.79 64 45 -24 1.24 72
Net Income / (Loss) Continuing Operations		 88 45 -28 -2.73 64 44 -24 2.48 71
Total Pre-Tax Income 		122 63 -38 -3.54 89 59 -32 2.72 96
Total Operating Income		 154 85 -19 16 110 75 -18 14 114
Total Gross Profit		 238 154 34 74 184 140 31 69 185
Total Revenue		 494 371 137 212 433 356 141 238 462
Operating Revenue		 494 371 137 212 433 356 141 238 462
Total Cost of Revenue		 257 217 103 138 249 216 111 169 278
Operating Cost of Revenue		 257 217 103 138 249 216 111 169 278
Total Operating Expenses		 83 69 53 58 74 64 48 55 71
Selling, General & Admin Expense		 1.33 1.60 1.56 0.93 1.76 1.87 1.16 1.26 1.25
Depreciation Expense		 41 36 35 34 33 33 30 31 31
Other Operating Expenses / (Income)		 35 26 16 21 34 25 16 20 33
Other Special Charges / (Income)		 6.25 4.83 1.15 2.33 5.75 4.35 1.03 2.14 5.38
Total Other Income / (Expense), net		 -32 -22 -19 -19 -21 -16 -14 -11 -17
Interest & Investment Income		 -29 -21 -19 -19 -21 -20 -19 -19 -18
Other Income / (Expense), net		 -2.65 -0.58 0.16 0.06 -0.79 3.69 5.18 7.85 1.20
Income Tax Expense		 35 18 -10 -0.81 24 15 -8.29 0.24 25
Basic Earnings per Share		 $2.18 $1.12 ($0.71) ($0.07) $1.69 $1.20 ($0.65) $0.03 $2.01
Weighted Average Basic Shares Outstanding		 40.24M 38.81M 38.39M 38.26M 37.77M 36.21M 36.21M 36.02M 35.61M
Diluted Earnings per Share		 $2.18 $1.12 ($0.71) ($0.07) $1.69 $1.20 ($0.65) $0.03 $2.01
Weighted Average Diluted Shares Outstanding		 40.30M 38.87M 38.39M 38.26M 37.80M 36.27M 36.21M 36.06M 35.71M
Weighted Average Basic & Diluted Shares Outstanding		 40.31M 40.24M 40.13M 38.67M 38.03M 37.68M - - -

Annual Cash Flow Statements for Northwest Natural

This table details how cash moves in and out of Northwest Natural'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 2014
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 12/31/2014
Net Change in Cash & Equivalents		 73 8.66 14 108 23 -2.27 9.16 -0.05 -0.69 -5.32 0.06
Net Cash From Operating Activities		 200 280 148 160 145 186 169 207 222 174 88
Net Cash From Continuing Operating Activities		 200 280 148 160 143 185 169 9.52 217 185 216
Net Income / (Loss) Continuing Operations		 79 94 86 79 77 62 65 -56 59 54 59
Consolidated Net Income / (Loss)		 79 94 86 79 77 62 65 -56 59 54 59
Depreciation Expense		 138 126 117 114 104 91 85 81 78 81 79
Amortization Expense		 20 18 16 14 18 19 17 16 16 18 19
Non-Cash Adjustments To Reconcile Net Income		 -40 20 28 25 18 73 21 23 19 23 6.84
Changes in Operating Assets and Liabilities, net		 3.72 23 -99 -71 -73 -60 -18 -55 46 9.47 52
Net Cash From Investing Activities		 -429 -335 -435 -300 -294 -304 -217 -214 -137 -115 -144
Net Cash From Continuing Investing Activities		 -429 -335 -435 -300 -290 -302 -218 -214 -135 -115 -144
Purchase of Property, Plant & Equipment		 -394 -327 -339 -294 -273 -223 -215 -213 -138 -118 -120
Acquisitions		 -31 -8.53 -95 -16 -38 -57 -0.87 0.00 - - -
Other Investing Activities, net		 -3.77 0.38 -1.58 2.51 -6.22 -22 -2.99 -0.58 2.88 3.02 -24
Net Cash From Financing Activities		 227 64 302 131 172 115 58 7.42 -86 -75 -71
Net Cash From Continuing Financing Activities		 302 64 302 247 172 115 66 7.42 -86 -75 -71
Repayment of Debt		 -74 -264 -133 -115 -268 -99 -98 -42 -245 -65 -80
Payment of Dividends		 -73 -67 -63 -56 -55 -53 -51 -54 -52 -49 -50
Issuance of Debt		 285 330 290 285 495 175 213 101 150 35 50
Issuance of Common Equity		 90 66 209 18 0.00 93 0.00 0.00 53 0.00 8.99
Other Financing Activities, net		 74 -1.31 -1.14 116 0.00 0.00 1.55 4.82 8.40 3.88 -
Cash Interest Paid		 71 80 51 44 43 41 35 35 36 40 43
Cash Income Taxes Paid		 19 24 2.78 11 14 -0.10 27 15 -7.16 17 19

Quarterly Cash Flow Statements for Northwest Natural

This table details how cash moves in and out of Northwest Natural'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
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
Net Change in Cash & Equivalents		 59 76 -34 -8.22 40 -122 16 -0.91 115
Net Cash From Operating Activities		 180 -19 -26 121 125 -22 3.65 121 177
Net Cash From Continuing Operating Activities		 180 -19 -26 121 125 -22 3.65 121 177
Net Income / (Loss) Continuing Operations		 88 45 -27 -2.79 64 45 -24 1.24 72
Consolidated Net Income / (Loss)		 88 45 -27 -2.79 64 45 -24 1.24 72
Depreciation Expense		 41 36 35 34 33 33 30 31 31
Amortization Expense		 5.58 5.62 13 0.54 0.55 4.16 12 0.85 0.83
Non-Cash Adjustments To Reconcile Net Income		 -0.63 -44 -1.00 3.66 1.44 10 -2.76 3.40 9.09
Changes in Operating Assets and Liabilities, net		 46 -62 -46 86 26 -113 -12 84 64
Net Cash From Investing Activities		 -375 -103 -126 -118 -82 -85 -99 -79 -73
Net Cash From Continuing Investing Activities		 -375 -103 -126 -118 -82 -85 -99 -79 -73
Purchase of Property, Plant & Equipment		 -102 -100 -95 -117 -82 -85 -98 -74 -71
Acquisitions		 -271 -1.00 -29 - -1.00 -4.29 0.00 -3.78 -0.47
Other Investing Activities, net		 -1.30 -1.56 -1.70 -1.24 0.73 3.91 -1.10 -1.14 -1.29
Net Cash From Financing Activities		 254 123 118 -11 -2.92 -15 112 -43 11
Net Cash From Continuing Financing Activities		 254 198 118 -11 -2.92 -15 112 -43 11
Repayment of Debt		 -101 7.54 81 -16 -146 -24 -20 -32 -188
Payment of Dividends		 -19 -19 -18 -18 -18 -17 -17 -17 -17
Issuance of Debt		 375 135 - - 150 - 130 - 200
Issuance of Common Equity		 0.96 -0.19 56 23 12 26 19 5.40 17
Other Financing Activities, net		 -1.54 75 -0.01 - -1.31 - - -0.01 -1.30
Cash Interest Paid		 30 13 23 17 18 28 16 21 15
Cash Income Taxes Paid		 0.75 3.56 5.58 9.25 1.00 5.30 6.80 11 1.30

Annual Balance Sheets for Northwest Natural

This table presents Northwest Natural'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 2014
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 12/31/2014
Total Assets		 5,234 4,867 4,748 4,065 3,756 3,428 6,435 3,040 3,080 3,069 3,065
Total Current Assets		 558 601 744 437 323 294 569 270 288 331 363
Cash & Equivalents		 38 33 29 19 30 9.65 21 3.47 3.52 4.21 9.53
Note & Lease Receivable		 0.00 0.00 0.00 - - - - - - - -
Accounts Receivable		 215 201 255 182 143 123 252 128 130 125 127
Inventories, net		 107 113 87 57 43 44 88 48 54 71 78
Other Current Assets		 197 255 373 180 102 102 189 88 100 122 124
Plant, Property, & Equipment, net		 3,672 3,358 3,114 2,871 2,655 2,439 4,839 2,244 2,261 2,183 2,122
Plant, Property & Equipment, gross		 4,919 4,557 4,262 3,997 3,734 3,477 6,825 3,205 3,209 3,089 2,993
Accumulated Depreciation		 1,247 1,199 1,147 1,126 1,079 1,038 1,986 960 948 907 871
Total Noncurrent Assets		 1,004 908 890 756 778 696 1,028 526 531 556 581
Long-Term Investments		 82 103 96 89 84 63 113 66 68 68 68
Noncurrent Note & Lease Receivables		 126 130 134 139 144 146 - - - - -
Goodwill		 184 163 149 71 69 50 8.95 0.00 - - -
Other Noncurrent Operating Assets		 613 511 510 457 482 436 905 448 462 488 510
Total Liabilities & Shareholders' Equity		 5,234 4,867 4,748 4,065 3,756 3,428 6,435 3,040 3,080 3,069 3,065
Total Liabilities		 3,849 3,583 3,573 3,129 2,868 2,562 4,957 2,283 2,229 2,288 2,298
Total Current Liabilities		 649 697 899 725 627 482 1,003 382 275 478 469
Short-Term Debt		 201 241 349 390 400 224 495 151 93 295 275
Accounts Payable		 133 145 181 133 98 113 231 111 86 73 91
Current Deferred & Payable Income Tax Liabilities		 16 15 16 16 14 12 22 19 12 10 10
Other Current Liabilities		 280 280 343 180 108 113 228 93 77 93 87
Other Current Nonoperating Liabilities		 18 16 10 7.50 7.44 21 28 8.37 5.97 5.87 6.08
Total Noncurrent Liabilities		 3,200 2,886 2,674 2,405 2,241 2,080 3,954 1,901 1,955 1,811 1,828
Long-Term Debt		 1,679 1,425 1,246 1,045 860 806 1,410 683 679 569 622
Capital Lease Obligations		 76 77 79 79 81 0.84 0.00 - - - -
Asset Retirement Reserve & Litigation Obligation		 730 696 690 658 640 626 1,223 586 349 339 317
Noncurrent Deferred & Payable Income Tax Liabilities		 397 383 366 340 319 296 575 271 557 530 531
Noncurrent Employee Benefit Liabilities		 130 158 149 167 217 228 444 223 226 223 237
Other Noncurrent Operating Liabilities		 187 147 144 115 124 124 301 140 143 149 122
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,385 1,284 1,175 935 889 866 1,478 743 850 781 767
Total Preferred & Common Equity		 1,385 1,284 1,175 935 889 866 1,478 743 850 781 767
Total Common Equity		 1,385 1,284 1,175 935 889 866 1,478 743 850 781 767
Common Stock		 989 891 805 591 565 558 684 449 445 383 375
Retained Earnings		 403 400 376 356 337 318 809 302 412 405 402
Accumulated Other Comprehensive Income / (Loss)		 -6.90 -7.05 -6.29 -11 -13 -11 -14 -8.44 -6.95 -7.16 -10

Quarterly Balance Sheets for Northwest Natural

This table presents Northwest Natural'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
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023
Total Assets		 5,707 4,944 4,822 4,849 4,665 4,537 4,592
Total Current Assets		 540 409 423 538 507 458 576
Cash & Equivalents		 100 35 65 72 157 138 141
Note & Lease Receivable		 0.00 - 0.00 0.00 - 0.00 0.00
Accounts Receivable		 210 78 81 182 77 93 217
Inventories, net		 90 109 107 100 95 68 41
Other Current Assets		 139 191 170 183 182 160 177
Plant, Property, & Equipment, net		 4,002 3,612 3,530 3,442 3,279 3,211 3,156
Plant, Property & Equipment, gross		 5,268 4,858 4,765 4,660 4,469 4,392 4,320
Accumulated Depreciation		 1,266 1,246 1,234 1,219 1,190 1,181 1,164
Total Noncurrent Assets		 1,165 923 869 870 879 868 860
Long-Term Investments		 83 82 84 84 105 104 94
Noncurrent Note & Lease Receivables		 125 127 128 129 131 132 133
Goodwill		 355 181 163 163 152 153 150
Other Noncurrent Operating Assets		 603 533 494 494 491 479 483
Total Liabilities & Shareholders' Equity		 5,707 4,944 4,822 4,849 4,665 4,537 4,592
Total Liabilities		 4,251 3,587 3,476 3,506 3,446 3,296 3,344
Total Current Liabilities		 514 567 436 468 590 571 644
Short-Term Debt		 118 181 80 96 262 282 313
Accounts Payable		 133 97 94 108 100 101 111
Current Deferred & Payable Income Tax Liabilities		 24 18 11 27 17 12 31
Other Current Liabilities		 223 260 233 221 198 164 175
Other Current Nonoperating Liabilities		 16 13 18 16 14 11 13
Total Noncurrent Liabilities		 3,737 3,020 3,040 3,037 2,856 2,725 2,700
Long-Term Debt		 2,193 1,555 1,575 1,575 1,425 1,295 1,295
Capital Lease Obligations		 77 77 77 77 77 78 78
Asset Retirement Reserve & Litigation Obligation		 730 709 706 701 683 672 669
Noncurrent Deferred & Payable Income Tax Liabilities		 424 389 394 394 376 380 376
Noncurrent Employee Benefit Liabilities		 128 139 154 158 146 147 148
Other Noncurrent Operating Liabilities		 184 151 134 133 148 154 133
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,456 1,357 1,347 1,343 1,220 1,240 1,248
Total Preferred & Common Equity		 1,456 1,357 1,347 1,343 1,220 1,240 1,248
Total Common Equity		 1,456 1,357 1,347 1,343 1,220 1,240 1,248
Common Stock		 992 987 929 905 851 831 824
Retained Earnings		 471 378 424 445 373 414 431
Accumulated Other Comprehensive Income / (Loss)		 -6.86 -7.18 -6.50 -6.83 -4.98 -5.26 -6.59

Annual Metrics And Ratios for Northwest Natural

This table displays calculated financial ratios and metrics derived from Northwest Natural's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
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 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.71% 15.44% 20.57% 11.21% 3.66% 5.70% -6.48% 13.00% -7.68% -4.01% -0.59%
EBITDA Growth		 0.57% 14.83% 8.42% 8.65% 10.62% 0.39% -7.10% 4.78% 2.51% -5.14% 3.85%
EBIT Growth		 -6.34% 20.17% 12.12% 12.02% 11.41% -6.16% -14.64% 4.90% 8.77% -8.90% -1.71%
NOPAT Growth		 -0.32% 9.81% 3.55% 6.01% -5.07% 23.64% 1.08% 7.79% 19.63% -10.81% -1.05%
Net Income Growth		 -15.98% 8.77% 9.71% 2.46% 24.37% -4.39% 216.08% -194.44% 9.67% -8.50% -3.05%
EPS Growth		 -21.62% 1.97% -0.78% 1.99% 21.26% -7.59% 216.06% -191.04% 8.16% -9.26% -3.57%
Operating Cash Flow Growth		 -28.46% 89.57% -7.91% 10.35% -21.88% 10.22% -18.35% -6.95% 27.39% 99.11% -50.35%
Free Cash Flow Firm Growth		 -459.41% 86.69% -151.81% 42.08% -111.54% 194.05% -1,282.51% 25.88% 31.29% -17.19% 634.56%
Invested Capital Growth		 11.42% 6.30% 16.48% 10.59% 16.05% -43.96% 115.65% -2.80% -1.38% -0.63% -1.15%
Revenue Q/Q Growth		 1.33% 0.00% 0.00% 4.09% 1.71% 2.83% -1.44% 1.52% -0.74% -1.30% -2.64%
EBITDA Q/Q Growth		 7.78% 0.00% 0.00% -1.66% 6.69% -0.13% -0.25% 1.59% -1.21% 0.23% 0.87%
EBIT Q/Q Growth		 2.99% 0.00% 0.00% -2.92% 11.26% -2.33% -1.54% -0.44% 1.02% 1.07% -0.69%
NOPAT Q/Q Growth		 3.50% 0.00% 0.00% -4.45% 4.60% 6.43% 5.85% 1.46% 5.32% 2.25% -0.63%
Net Income Q/Q Growth		 0.46% 0.00% 0.00% -12.77% 24.90% 1.51% 205.12% -188.54% -2.37% 2.35% -0.91%
EPS Q/Q Growth		 -3.79% 0.00% 0.00% -13.22% 26.77% -3.27% 205.16% -187.33% -3.20% 2.08% -1.37%
Operating Cash Flow Q/Q Growth		 1.08% 0.00% 0.00% -9.02% -19.94% 12.37% -2.09% -0.91% -6.68% 1,027.82% -62.55%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 92.68% -115.26% 6.17% -0.26% -42.14% 1.10% 8.39% 19.05%
Invested Capital Q/Q Growth		 5.57% 0.00% 0.00% 5.42% 211.89% 4.69% 5.33% 11.45% 3.47% 3.20% 3.51%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 38.68% 35.40% 36.93% 42.29% 42.76% 41.97% 63.81% 56.98% 61.00% 54.78% 51.53%
EBITDA Margin		 30.19% 28.90% 29.05% 32.31% 33.07% 30.99% 32.63% 32.85% 35.42% 31.90% 32.28%
Operating Margin		 16.58% 15.44% 16.14% 18.96% 19.17% 19.22% 18.72% 19.99% 22.56% 17.17% 18.96%
EBIT Margin		 16.48% 16.94% 16.27% 17.50% 17.37% 16.16% 18.21% 19.95% 21.49% 18.24% 19.22%
Profit (Net Income) Margin		 6.84% 7.84% 8.32% 9.14% 9.92% 8.27% 9.14% -7.37% 8.81% 7.42% 7.78%
Tax Burden Percent		 71.76% 74.33% 74.68% 74.16% 84.05% 79.20% 70.57% -49.19% 55.86% 60.03% 58.50%
Interest Burden Percent		 57.85% 62.26% 68.46% 70.45% 67.97% 64.62% 71.17% 75.08% 73.44% 67.77% 69.25%
Effective Tax Rate		 28.27% 25.63% 25.21% 25.84% 23.08% 16.22% 26.44% 36.26% 40.80% 39.97% 41.50%
Return on Invested Capital (ROIC)		 4.46% 4.88% 4.93% 5.41% 5.77% 4.72% 4.07% 6.26% 5.69% 4.71% 5.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.11% 2.13% 2.31% 2.22% 2.38% 0.47% 1.52% -14.28% 1.66% 2.13% 2.26%
Return on Net Nonoperating Assets (RNNOA)		 1.45% 2.76% 3.25% 3.21% 2.98% 0.55% 1.74% -13.25% 1.53% 2.23% 2.49%
Return on Equity (ROE)		 5.91% 7.63% 8.18% 8.63% 8.75% 5.27% 5.81% -6.98% 7.22% 6.94% 7.73%
Cash Return on Invested Capital (CROIC)		 -6.34% -1.23% -10.30% -4.65% -9.08% 61.06% -69.21% 9.11% 7.08% 5.34% 6.39%
Operating Return on Assets (OROA)		 3.76% 4.22% 3.83% 3.85% 3.74% 2.45% 2.71% 4.92% 4.67% 4.30% 4.80%
Return on Assets (ROA)		 1.56% 1.95% 1.96% 2.01% 2.14% 1.25% 1.36% -1.82% 1.92% 1.75% 1.94%
Return on Common Equity (ROCE)		 5.91% 7.63% 8.18% 8.63% 8.75% 5.27% 5.81% -6.98% 7.22% 6.94% 7.73%
Return on Equity Simple (ROE_SIMPLE)		 5.69% 7.31% 7.34% 8.41% 8.64% 7.13% 4.37% -7.49% 6.92% 6.88% 7.65%
Net Operating Profit after Tax (NOPAT)		 137 138 125 121 114 120 97 96 89 75 84
NOPAT Margin		 11.89% 11.49% 12.08% 14.06% 14.75% 16.11% 13.77% 12.74% 13.35% 10.31% 11.09%
Net Nonoperating Expense Percent (NNEP)		 3.35% 2.75% 2.62% 3.20% 3.40% 4.25% 2.55% 20.55% 4.03% 2.58% 2.97%
Return On Investment Capital (ROIC_SIMPLE)		 4.10% 4.54% 4.40% - - - - - - - -
Cost of Revenue to Revenue		 61.32% 64.60% 63.07% 57.71% 57.24% 58.03% 36.19% 43.02% 39.00% 45.22% 48.47%
SG&A Expenses to Revenue		 0.51% 0.46% 0.35% 0.45% 0.48% 0.44% 22.65% 0.00% 0.00% 0.00% 0.00%
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		 22.10% 19.95% 20.78% 23.33% 23.58% 22.75% 45.10% 37.00% 38.44% 37.61% 32.57%
Earnings before Interest and Taxes (EBIT)		 190 203 169 151 134 121 129 151 144 132 145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 348 346 301 278 256 231 230 248 237 231 243
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.13 0.99 1.27 1.42 1.35 2.14 1.89 1.79 1.46 1.29 1.24
Price to Tangible Book Value (P/TBV)		 1.31 1.14 1.45 1.54 1.46 2.27 1.90 1.79 1.46 1.29 1.24
Price to Revenue (P/Rev)		 1.36 1.06 1.44 1.54 1.55 2.48 3.96 1.76 1.86 1.40 1.26
Price to Earnings (P/E)		 19.89 13.58 17.26 16.88 15.60 29.96 43.27 0.00 21.09 18.80 16.21
Dividend Yield		 5.00% 5.31% 4.52% 4.45% 4.88% 3.13% 3.91% 4.06% 4.15% 5.05% 5.28%
Earnings Yield		 5.03% 7.37% 5.79% 5.93% 6.41% 3.34% 2.31% 0.00% 4.74% 5.32% 6.17%
Enterprise Value to Invested Capital (EV/IC)		 1.05 0.99 1.11 1.16 1.14 1.53 1.40 1.38 1.25 1.14 1.11
Enterprise Value to Revenue (EV/Rev)		 2.95 2.41 2.93 3.18 3.13 3.76 6.47 2.78 2.91 2.49 2.35
Enterprise Value to EBITDA (EV/EBITDA)		 9.78 8.33 10.08 9.83 9.47 12.14 19.82 8.45 8.21 7.80 7.27
Enterprise Value to EBIT (EV/EBIT)		 17.92 14.21 18.00 18.16 18.04 23.27 35.51 13.91 13.53 13.65 12.22
Enterprise Value to NOPAT (EV/NOPAT)		 24.83 20.95 24.26 22.60 21.24 23.35 46.96 21.78 21.78 24.16 21.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.00 10.29 20.58 17.05 16.68 15.09 27.05 10.14 8.75 10.33 20.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 1.81 0.00 14.99 17.50 21.30 17.33
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.41 1.36 1.42 1.62 1.51 1.19 1.29 1.12 0.91 1.11 1.17
Long-Term Debt to Equity		 1.27 1.17 1.13 1.20 1.06 0.93 0.95 0.92 0.80 0.73 0.81
Financial Leverage		 1.30 1.29 1.41 1.45 1.25 1.17 1.15 0.93 0.92 1.05 1.10
Leverage Ratio		 3.78 3.91 4.18 4.29 4.09 4.21 4.27 3.84 3.77 3.96 3.97
Compound Leverage Factor		 2.19 2.43 2.86 3.02 2.78 2.72 3.04 2.88 2.77 2.69 2.75
Debt to Total Capital		 58.54% 57.59% 58.75% 61.82% 60.13% 54.35% 56.31% 52.90% 47.60% 52.54% 53.88%
Short-Term Debt to Total Capital		 6.01% 7.95% 12.24% 15.92% 17.94% 11.82% 14.63% 9.57% 5.75% 17.93% 16.51%
Long-Term Debt to Total Capital		 52.53% 49.64% 46.50% 45.90% 42.20% 42.53% 41.68% 43.33% 41.85% 34.61% 37.37%
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		 41.46% 42.41% 41.25% 38.18% 39.87% 45.65% 43.69% 47.10% 52.40% 47.46% 46.12%
Debt to EBITDA		 5.62 5.04 5.55 5.45 5.24 4.46 8.27 3.36 3.26 3.74 3.68
Net Debt to EBITDA		 5.27 4.64 5.14 5.06 4.79 4.14 7.69 3.08 2.96 3.43 3.36
Long-Term Debt to EBITDA		 5.04 4.34 4.40 4.04 3.68 3.49 6.12 2.75 2.87 2.47 2.55
Debt to NOPAT		 14.27 12.67 13.36 12.51 11.75 8.58 19.60 8.67 8.66 11.59 10.72
Net Debt to NOPAT		 13.39 11.69 12.37 11.62 10.75 7.97 18.22 7.95 7.85 10.62 9.79
Long-Term Debt to NOPAT		 12.80 10.92 10.58 9.29 8.24 6.71 14.51 7.10 7.61 7.63 7.43
Altman Z-Score		 0.67 0.69 0.66 0.63 0.60 0.83 0.61 0.86 0.90 0.77 0.79
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.86 0.86 0.83 0.60 0.52 0.61 0.57 0.71 1.05 0.69 0.77
Quick Ratio		 0.39 0.34 0.32 0.28 0.28 0.28 0.27 0.34 0.49 0.27 0.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -195 -35 -262 -104 -179 1,555 -1,653 140 111 85 102
Operating Cash Flow to CapEx		 50.78% 85.52% 43.61% 54.56% 54.86% 83.48% 78.81% 96.90% 160.56% 147.38% 73.03%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.23 0.25 0.24 0.22 0.22 0.15 0.15 0.25 0.22 0.24 0.25
Accounts Receivable Turnover		 5.54 5.26 4.75 5.30 5.81 3.98 3.72 5.85 5.23 5.74 5.62
Inventory Turnover		 6.44 7.75 9.07 9.94 10.22 6.55 3.76 6.39 4.17 4.40 5.28
Fixed Asset Turnover		 0.33 0.37 0.35 0.31 0.30 0.21 0.20 0.34 0.30 0.34 0.36
Accounts Payable Turnover		 5.08 4.75 4.17 4.29 4.19 2.52 1.50 3.30 3.28 3.98 3.90
Days Sales Outstanding (DSO)		 65.91 69.45 76.80 68.88 62.81 91.71 98.02 62.37 69.84 63.58 65.00
Days Inventory Outstanding (DIO)		 56.66 47.10 40.26 36.74 35.72 55.73 97.03 57.15 87.54 82.91 69.16
Days Payable Outstanding (DPO)		 71.92 76.91 87.62 85.07 87.09 145.03 244.15 110.52 111.27 91.77 93.62
Cash Conversion Cycle (CCC)		 50.66 39.64 29.44 20.55 11.44 2.41 -49.10 9.00 46.11 54.72 40.54
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,239 2,907 2,735 2,348 2,123 1,829 3,264 1,514 1,557 1,579 1,589
Invested Capital Turnover		 0.38 0.42 0.41 0.38 0.39 0.29 0.30 0.49 0.43 0.46 0.47
Increase / (Decrease) in Invested Capital		 332 172 387 225 294 -1,435 1,750 -44 -22 -10 -19
Enterprise Value (EV)		 3,404 2,882 3,039 2,734 2,424 2,807 4,565 2,095 1,943 1,802 1,770
Market Capitalization		 1,568 1,274 1,490 1,328 1,198 1,849 2,794 1,331 1,242 1,010 951
Book Value per Share		 $34.52 $36.87 $33.76 $30.43 $29.07 $28.45 $25.63 $25.87 $30.86 $28.53 $28.20
Tangible Book Value per Share		 $29.94 $32.18 $29.47 $28.13 $26.81 $26.81 $25.47 $25.87 $30.86 $28.53 $28.20
Total Capital		 3,342 3,027 2,849 2,449 2,229 1,897 3,384 1,577 1,623 1,645 1,664
Total Debt		 1,956 1,743 1,674 1,514 1,341 1,031 1,905 834 773 864 896
Total Long-Term Debt		 1,755 1,503 1,325 1,124 941 807 1,410 683 679 569 622
Net Debt		 1,835 1,607 1,549 1,406 1,227 958 1,771 764 701 792 819
Capital Expenditures (CapEx)		 394 327 339 294 265 223 214 213 138 118 120
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 71 112 165 84 66 26 40 36 103 144 158
Debt-free Net Working Capital (DFNWC)		 110 145 194 102 96 36 61 39 107 148 168
Net Working Capital (NWC)		 -91 -95 -155 -287 -304 -188 -434 -112 14 -147 -107
Net Nonoperating Expense (NNE)		 58 44 39 42 37 58 33 152 30 21 25
Net Nonoperating Obligations (NNO)		 1,854 1,623 1,559 1,413 1,234 963 1,786 771 707 798 822
Total Depreciation and Amortization (D&A)		 158 143 133 127 121 111 102 97 93 99 99
Debt-free, Cash-free Net Working Capital to Revenue		 6.17% 9.38% 15.92% 9.74% 8.51% 3.49% 5.68% 4.70% 15.46% 19.88% 21.00%
Debt-free Net Working Capital to Revenue		 9.51% 12.13% 18.74% 11.90% 12.41% 4.79% 8.59% 5.16% 15.99% 20.46% 22.26%
Net Working Capital to Revenue		 -7.91% -7.97% -14.90% -33.41% -39.27% -25.25% -61.52% -14.82% 2.03% -20.30% -14.17%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.03 $2.59 $0.00 $2.56 $2.51 $2.07 $2.24 ($1.94) $2.13 $1.96 $2.16
Adjusted Weighted Average Basic Shares Outstanding		 38.81M 36.21M 0.00 30.70M 30.54M 29.79M 28.80M 28.67M 27.65M 27.35M 27.16M
Adjusted Diluted Earnings per Share		 $2.03 $2.59 $0.00 $2.56 $2.51 $2.07 $2.24 ($1.94) $2.12 $1.96 $2.16
Adjusted Weighted Average Diluted Shares Outstanding		 38.87M 36.27M 0.00 30.75M 30.60M 29.86M 28.87M 28.67M 27.78M 27.42M 27.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.07 $2.24 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 40.24M 37.68M 0.00 31.16M 30.61M 30.48M 57.74M 28.75M 28.63M 27.44M 27.30M
Normalized Net Operating Profit after Tax (NOPAT)		 147 147 135 128 122 131 105 106 97 77 84
Normalized NOPAT Margin		 12.77% 12.29% 12.97% 14.92% 15.71% 17.49% 14.93% 14.03% 14.53% 10.60% 11.09%
Pre Tax Income Margin		 9.53% 10.55% 11.14% 12.33% 11.81% 10.44% 12.96% 14.98% 15.78% 12.36% 13.31%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 92.37% 71.74% 72.73% 71.08% 72.18% 86.40% 79.47% -97.00% 87.46% 91.70% 85.35%
Augmented Payout Ratio		 92.37% 71.74% 72.73% 71.08% 72.18% 86.40% 79.47% -100.66% 89.23% 91.70% 85.35%

Quarterly Metrics And Ratios for Northwest Natural

This table displays calculated financial ratios and metrics derived from Northwest Natural's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
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
Growth Metrics		 - - - - - - - - -
Revenue Growth		 14.03% 4.26% -3.21% -10.99% -6.26% 0.00% 0.00% 22.00% 32.01%
EBITDA Growth		 34.65% 9.24% -2.14% -6.99% -2.94% 0.00% 0.00% 24.11% 26.08%
EBIT Growth		 39.13% 6.99% -54.67% -27.32% -4.94% 0.00% 0.00% 57.62% 32.32%
NOPAT Growth		 39.13% 9.42% -9.98% -12.80% -5.10% 0.00% 0.00% 18.64% 27.95%
Net Income Growth		 37.75% 0.81% -14.69% -324.04% -10.95% 0.00% 0.00% -27.46% 27.44%
EPS Growth		 28.99% -6.67% -9.23% -333.33% -15.92% 0.00% 0.00% -40.00% 11.67%
Operating Cash Flow Growth		 43.64% 9.92% -822.91% 0.04% -29.30% 0.00% 0.00% 117.90% 25.40%
Free Cash Flow Firm Growth		 -290.38% 0.00% 0.00% -0.52% 46.32% 0.00% 0.00% -12.27% -98.96%
Invested Capital Growth		 24.65% 11.42% 12.06% 10.63% 8.76% 0.00% 0.00% 11.91% 16.20%
Revenue Q/Q Growth		 33.27% 170.84% -35.32% -51.16% 0.00% 151.43% -40.52% -48.56% 0.00%
EBITDA Q/Q Growth		 56.39% 338.61% -42.41% -64.91% 0.00% 292.91% -45.27% -63.38% 0.00%
EBIT Q/Q Growth		 79.82% 539.93% -221.60% -85.54% 0.00% 735.97% -157.15% -81.08% 0.00%
NOPAT Q/Q Growth		 81.74% 550.45% -223.09% -86.19% 0.00% 552.77% -197.59% -84.97% 0.00%
Net Income Q/Q Growth		 95.36% 265.65% -874.78% -104.37% 0.00% 288.46% -2,004.10% -98.26% 0.00%
EPS Q/Q Growth		 94.64% 257.75% -914.29% -104.14% 0.00% 284.62% -2,266.67% -98.51% 0.00%
Operating Cash Flow Q/Q Growth		 1,025.11% 26.40% -121.79% -3.20% 0.00% -690.68% -96.98% -31.59% 0.00%
Free Cash Flow Firm Q/Q Growth		 -127.51% 21.17% -26.27% -72.39% 0.00% 0.00% 100.00% 7.94% 0.00%
Invested Capital Q/Q Growth		 13.55% 5.57% 4.10% -0.12% 0.00% 6.19% 2.77% -1.81% 0.00%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 48.07% 41.50% 24.90% 34.86% 42.48% 39.25% 21.75% 28.84% 39.98%
EBITDA Margin		 40.02% 34.10% 21.06% 23.65% 32.92% 32.55% 20.83% 22.63% 31.79%
Operating Margin		 31.23% 22.90% -14.12% 7.42% 25.34% 21.13% -12.42% 5.82% 24.55%
EBIT Margin		 30.69% 22.75% -14.00% 7.45% 25.15% 22.17% -8.76% 9.12% 24.80%
Profit (Net Income) Margin		 17.79% 12.13% -19.84% -1.32% 14.72% 12.55% -16.74% 0.52% 15.50%
Tax Burden Percent		 71.88% 71.23% 71.05% 78.71% 72.11% 75.71% 74.48% 45.68% 74.34%
Interest Burden Percent		 80.62% 74.88% 199.39% -22.45% 81.17% 74.78% 256.51% 12.55% 84.05%
Effective Tax Rate		 28.23% 28.24% 0.00% 0.00% 27.50% 25.89% 0.00% 8.92% 26.08%
Return on Invested Capital (ROIC)		 8.21% 6.17% -3.87% 2.11% 7.58% 6.45% 0.00% 2.51% 8.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.01% 5.25% -4.72% 1.20% 6.55% 5.77% 0.00% 1.65% 7.39%
Return on Net Nonoperating Assets (RNNOA)		 9.59% 6.84% -5.91% 1.41% 7.77% 7.29% 0.00% 1.85% 9.30%
Return on Equity (ROE)		 17.80% 13.00% -9.79% 3.52% 15.34% 13.75% 0.00% 4.36% 17.56%
Cash Return on Invested Capital (CROIC)		 -16.88% -6.34% 0.00% -5.35% -3.69% -1.20% 0.00% -5.53% -9.30%
Operating Return on Assets (OROA)		 7.06% 5.19% -3.32% 1.82% 6.23% 5.52% 0.00% 2.52% 6.60%
Return on Assets (ROA)		 4.09% 2.77% -4.70% -0.32% 3.64% 3.13% 0.00% 0.14% 4.12%
Return on Common Equity (ROCE)		 17.80% 13.00% -9.79% 3.52% 15.34% 13.75% 0.00% 4.36% 17.56%
Return on Equity Simple (ROE_SIMPLE)		 7.07% 0.00% 5.79% 6.09% 6.40% 0.00% 0.00% 8.16% 8.15%
Net Operating Profit after Tax (NOPAT)		 111 61 -14 11 80 56 -12 13 84
NOPAT Margin		 22.41% 16.44% -9.88% 5.19% 18.37% 15.66% -8.70% 5.30% 18.14%
Net Nonoperating Expense Percent (NNEP)		 1.19% 0.92% 0.84% 0.91% 1.03% 0.68% 0.75% 0.85% 0.87%
Return On Investment Capital (ROIC_SIMPLE)		 2.88% 1.82% - - - 1.84% - - -
Cost of Revenue to Revenue		 51.93% 58.50% 75.10% 65.14% 57.52% 60.75% 78.25% 71.16% 60.02%
SG&A Expenses to Revenue		 0.27% 0.43% 1.14% 0.44% 0.41% 0.53% 0.82% 0.53% 0.27%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 16.84% 18.57% 39.06% 27.49% 17.13% 18.12% 34.18% 23.02% 15.43%
Earnings before Interest and Taxes (EBIT)		 152 84 -19 16 109 79 -12 22 115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 198 126 29 50 143 116 29 54 147
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 1.17 1.13 1.15 1.01 0.94 0.99 1.02 1.14 1.23
Price to Tangible Book Value (P/TBV)		 1.54 1.31 1.33 1.15 1.07 1.14 1.17 1.30 1.40
Price to Revenue (P/Rev)		 1.40 1.36 1.37 1.19 1.08 1.06 0.00 1.18 1.34
Price to Earnings (P/E)		 16.51 19.89 20.37 16.79 14.70 13.58 0.00 13.75 15.14
Dividend Yield		 4.63% 5.00% 4.84% 5.46% 5.36% 5.31% 5.41% 4.79% 4.37%
Earnings Yield		 6.06% 5.03% 4.91% 5.96% 6.80% 7.37% 0.00% 7.27% 6.60%
Enterprise Value to Invested Capital (EV/IC)		 1.06 1.05 1.06 1.00 0.97 0.99 1.00 1.06 1.10
Enterprise Value to Revenue (EV/Rev)		 3.22 2.95 2.86 2.57 2.44 2.41 0.00 2.37 2.60
Enterprise Value to EBITDA (EV/EBITDA)		 9.79 9.78 10.08 9.08 8.72 8.33 0.00 8.50 9.31
Enterprise Value to EBIT (EV/EBIT)		 16.78 17.92 17.64 15.37 14.48 14.21 0.00 13.79 15.21
Enterprise Value to NOPAT (EV/NOPAT)		 23.24 24.83 24.56 22.05 21.47 20.95 0.00 19.58 20.88
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.32 17.00 16.42 12.88 12.51 10.29 0.00 11.33 16.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 1.64 1.41 1.34 1.29 1.30 1.36 1.45 1.33 1.35
Long-Term Debt to Equity		 1.56 1.27 1.20 1.23 1.23 1.17 1.23 1.11 1.10
Financial Leverage		 1.37 1.30 1.25 1.17 1.19 1.26 1.24 1.12 1.26
Leverage Ratio		 3.77 3.78 3.73 3.62 3.64 3.91 3.83 3.63 3.87
Compound Leverage Factor		 3.04 2.83 7.44 -0.81 2.96 2.92 9.81 0.46 3.25
Debt to Total Capital		 62.12% 58.54% 57.18% 56.25% 56.54% 57.59% 59.12% 57.15% 57.46%
Short-Term Debt to Total Capital		 3.07% 6.01% 5.70% 2.59% 3.09% 7.95% 8.77% 9.73% 10.67%
Long-Term Debt to Total Capital		 59.05% 52.53% 51.48% 53.65% 53.44% 49.64% 50.35% 47.42% 46.79%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 37.88% 41.46% 42.82% 43.75% 43.46% 42.41% 40.88% 42.85% 42.54%
Debt to EBITDA		 5.99 5.62 5.61 5.35 5.34 5.04 0.00 4.99 5.25
Net Debt to EBITDA		 5.53 5.27 5.25 4.89 4.86 4.64 0.00 4.26 4.52
Long-Term Debt to EBITDA		 5.69 5.04 5.05 5.10 5.05 4.34 0.00 4.14 4.27
Debt to NOPAT		 14.21 14.27 13.68 12.99 13.14 12.67 0.00 11.48 11.76
Net Debt to NOPAT		 13.13 13.39 12.79 11.87 11.97 11.69 0.00 9.80 10.13
Long-Term Debt to NOPAT		 13.51 12.80 12.32 12.39 12.42 10.92 0.00 9.53 9.58
Altman Z-Score		 0.66 0.60 0.55 0.60 0.68 0.60 0.00 0.63 0.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 1.05 0.86 0.72 0.97 1.15 0.86 0.86 0.80 0.89
Quick Ratio		 0.60 0.39 0.20 0.34 0.54 0.34 0.40 0.40 0.56
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -617 -271 -344 -272 -158 0.00 0.00 -271 -294
Operating Cash Flow to CapEx		 175.77% -19.39% -27.67% 103.71% 152.08% -25.48% 3.73% 164.40% 248.17%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.23 0.23 0.24 0.24 0.25 0.25 0.00 0.28 0.27
Accounts Receivable Turnover		 6.19 5.54 14.73 13.17 5.86 5.26 0.00 13.41 6.40
Inventory Turnover		 7.51 6.44 6.95 8.17 10.55 7.75 0.00 11.46 19.49
Fixed Asset Turnover		 0.33 0.33 0.33 0.34 0.35 0.37 0.00 0.39 0.38
Accounts Payable Turnover		 5.94 5.08 7.18 7.33 6.81 4.75 0.00 6.46 6.03
Days Sales Outstanding (DSO)		 59.00 65.91 24.77 27.71 62.33 69.45 0.00 27.22 57.05
Days Inventory Outstanding (DIO)		 48.59 56.66 52.52 44.69 34.59 47.10 0.00 31.84 18.72
Days Payable Outstanding (DPO)		 61.49 71.92 50.81 49.82 53.63 76.91 0.00 56.46 60.53
Cash Conversion Cycle (CCC)		 46.10 50.66 26.48 22.58 43.29 39.64 0.00 2.59 15.25
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 3,678 3,239 3,068 2,947 2,951 2,907 2,738 2,664 2,713
Invested Capital Turnover		 0.37 0.38 0.39 0.41 0.41 0.41 0.00 0.47 0.46
Increase / (Decrease) in Invested Capital		 727 332 330 283 238 0.00 0.00 284 378
Enterprise Value (EV)		 3,905 3,404 3,254 2,939 2,855 2,882 2,750 2,821 2,992
Market Capitalization		 1,700 1,568 1,559 1,357 1,264 1,274 1,248 1,409 1,541
Book Value per Share		 $36.19 $34.52 $35.09 $35.41 $35.57 $36.87 $35.03 $35.62 $35.85
Tangible Book Value per Share		 $27.38 $29.94 $30.40 $31.12 $31.26 $32.18 $30.65 $31.24 $31.55
Total Capital		 3,844 3,342 3,169 3,078 3,091 3,027 2,983 2,895 2,934
Total Debt		 2,388 1,956 1,812 1,731 1,747 1,743 1,764 1,654 1,686
Total Long-Term Debt		 2,270 1,755 1,632 1,651 1,652 1,503 1,502 1,373 1,373
Net Debt		 2,206 1,835 1,695 1,582 1,591 1,607 1,503 1,412 1,452
Capital Expenditures (CapEx)		 102 100 95 117 82 85 98 74 71
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 44 71 -13 2.25 93 112 22 31 104
Debt-free Net Working Capital (DFNWC)		 144 110 22 67 165 145 179 169 245
Net Working Capital (NWC)		 26 -91 -159 -12 69 -95 -83 -113 -68
Net Nonoperating Expense (NNE)		 23 16 14 14 16 11 11 11 12
Net Nonoperating Obligations (NNO)		 2,222 1,854 1,711 1,600 1,607 1,623 1,518 1,424 1,465
Total Depreciation and Amortization (D&A)		 46 42 48 34 34 37 42 32 32
Debt-free, Cash-free Net Working Capital to Revenue		 3.61% 6.17% -1.14% 0.20% 7.92% 9.38% 0.00% 2.59% 9.09%
Debt-free Net Working Capital to Revenue		 11.85% 9.51% 1.94% 5.90% 14.12% 12.13% 0.00% 14.14% 21.34%
Net Working Capital to Revenue		 2.14% -7.91% -13.93% -1.09% 5.94% -7.97% 0.00% -9.48% -5.91%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.18 $1.12 ($0.71) ($0.07) $1.69 $1.20 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 40.24M 38.81M 38.39M 38.26M 37.77M 36.21M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 $2.18 $1.12 ($0.71) ($0.07) $1.69 $1.20 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 40.30M 38.87M 38.39M 38.26M 37.80M 36.27M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $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		 40.31M 40.24M 40.13M 38.67M 38.03M 37.68M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 115 64 -13 13 84 59 -12 15 88
Normalized NOPAT Margin		 23.32% 17.37% -9.29% 5.96% 19.33% 16.57% -8.19% 6.12% 19.00%
Pre Tax Income Margin		 24.75% 17.03% -27.92% -1.67% 20.42% 16.58% -22.48% 1.14% 20.85%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 72.07% 92.37% 90.44% 84.95% 79.70% 71.74% 0.00% 64.93% 63.75%
Augmented Payout Ratio		 72.07% 92.37% 90.44% 84.95% 79.70% 71.74% 0.00% 64.93% 63.75%

Frequently Asked Questions About Northwest Natural's Financials

When does Northwest Natural's financial year end?

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

How has Northwest Natural's net income changed over the last 10 years?

Northwest Natural's net income appears to be on an upward trend, with a most recent value of $78.87 million in 2024, rising from $58.69 million in 2014. The previous period was $93.87 million in 2023. Check out Northwest Natural's forecast to explore projected trends and price targets.

What is Northwest Natural's operating income?
Northwest Natural's total operating income in 2024 was $191.14 million, based on the following breakdown:
  • Total Gross Profit: $445.95 million
  • Total Operating Expenses: $254.81 million
How has Northwest Natural revenue changed over the last 10 years?

Over the last 10 years, Northwest Natural's total revenue changed from $754.04 million in 2014 to $1.15 billion in 2024, a change of 52.9%.

How much debt does Northwest Natural have?

Northwest Natural's total liabilities were at $3.85 billion at the end of 2024, a 7.4% increase from 2023, and a 67.5% increase since 2014.

How much cash does Northwest Natural have?

In the past 10 years, Northwest Natural's cash and equivalents has ranged from $3.47 million in 2017 to $38.49 million in 2024, and is currently $38.49 million as of their latest financial filing in 2024.

How has Northwest Natural's book value per share changed over the last 10 years?

Over the last 10 years, Northwest Natural's book value per share changed from 28.20 in 2014 to 34.52 in 2024, a change of 22.4%.


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This page (NYSE:NWN) was last updated on 5/29/2025 by MarketBeat.com Staff
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