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MDU RESOURCES GROUP INC MDU

NYSE · stock · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · website · IPO 1981-05-22

MDU RESOURCES GROUP INC statistics & valuation

Market cap$4.6B
P / E24.0×
P / S2.4×
P / B1.6×
Dividend yield2.37%
Net margin10.2%
Return on equity6.9%
Net debt$2.6B
Net debt / EBITDA5.3×
Enterprise value USD$7.2B
EV / EBITDA14.5×
Earnings yield EBIT/EV4%
Return on capital4.2%
Graham number -18.1%$16.81

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($16.81); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.30% 6.00% 6.30% 7.10% 10.90% 20.90% 23.00% 16.00% 10.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
9.90% 9.50% 8.90% 9.00% 9.80% 9.60% 11.50% 12.50% 15.10% 15.50% 2016201720182019202020212022202320242025
Return on equity (%)
11.60% 10.60% 11.80% 12.70% 11.20% 10.20% 14.30% 10.40% 6.90% 2016201720182019202020212022202320242025
Shares outstanding
195.6M 195.7M 196.2M 198.6M 200.6M 202.4M 203.5M 203.9M 204.7M 205.3M 2016201720182019202020212022202320242025
Net debt ($)
$1.74B $1.68B $2.05B $2.18B $2.15B $2.69B $2.30B $2.11B $2.23B $2.65B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.40% 3.90% 4.40% 4.80% 4.20% 3.80% 5.30% 4.00% 2.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.77× 0.71× 0.82× 0.79× 0.72× 0.81× 0.66× 0.75× 0.85× 0.97× 2016201720182019202020212022202320242025
EPS ($)
$0.33 $1.43 $1.39 $1.69 $1.95 $1.87 $1.81 $2.03 $1.37 $0.93 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MDU RESOURCES GROUP INC trades at about 22.1× earnings — above its 10-year norm (10-year range 5.1×–33.8×, median 7×).

5.1× 33.8×

Shaded band = 10-year range (5.1×–33.8×); dot = today's 22.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin15.5%15.1%12.5%11.5%9.6%9.8%9.0%8.9%9.5%9.9%
Net margin10.2%16.0%23.0%20.9%10.9%7.1%6.3%6.0%6.3%—
Return on assets2.5%4.0%5.3%3.8%4.2%4.8%4.4%3.9%4.4%—
Return on equity6.9%10.4%14.3%10.2%11.2%12.7%11.8%10.6%11.6%—
Debt / equity0.97×0.85×0.75×0.66×0.81×0.72×0.79×0.82×0.71×0.77×
Current ratio0.840.981.271.361.421.391.501.201.321.46

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.