Stocktoria

Northwest Natural Holding Co NWN

NYSE · stock · Natural Gas Distribution · website · IPO 1980-03-17 · LEI

Northwest Natural Holding Co statistics & valuation

P / E18.9×
P / S1.7×
P / B1.5×
Net margin8.8%
FCF margin-15.3%
Net debt$2.4B
Net debt / EBITDA5.4×
Enterprise value USD$4.5B
EV / EBITDA10.2×
Earnings yield EBIT/EV6.2%
Return on capital5.3%
Graham number -6.6%$47.03

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 ($47.03); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-7.40% 9.10% 8.20% 9.90% 9.10% 8.30% 7.80% 6.80% 8.80% 201720182019202020212022202320242025
Gross margin (%)
201720182019202020212022202320242025
Operating margin (%)
20.00% 18.70% 19.00% 19.20% 19.00% 16.10% 15.40% 16.60% 21.80% 201720182019202020212022202320242025
Return on equity (%)
-7.50% 8.50% 7.10% 8.60% 8.40% 7.30% 7.30% 5.70% 7.70% 201720182019202020212022202320242025
Shares outstanding
28.8M 28.9M 30.5M 30.6M 31.1M 35.5M 37.6M 40.2M 41.6M 201720182019202020212022202320242025
Net debt ($)
$679.7M $723.6M $871.4M $925.3M $1.03B $1.31B $1.54B $1.67B $2.40B 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
-1.80% 2.00% 1.80% 2.00% 1.90% 1.80% 1.90% 1.50% 1.80% 201720182019202020212022202320242025
Free cash flow margin (%)
-0.90% -6.50% -5.00% -16.50% -15.50% -18.40% -4.00% -16.80% -15.30% 201720182019202020212022202320242025
Debt / equity (×)
0.92× 0.97× 1.02× 1.08× 1.12× 1.14× 1.23× 1.23× 1.65× 201720182019202020212022202320242025
EPS ($)
-$1.93 $2.24 $2.07 $2.51 $2.56 $2.54 $2.59 $2.03 $2.77 201720182019202020212022202320242025

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

Northwest Natural Holding Co trades at about 18.2× earnings — near its 10-year norm (10-year range 14.2×–35.4×, median 19.7×).

14.2× 35.4×

Shaded band = 10-year range (14.2×–35.4×); dot = today's 18.2×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin21.8%16.6%15.4%16.1%19.0%19.2%19.0%18.7%20.0%
Net margin8.8%6.8%7.8%8.3%9.1%9.9%8.2%9.1%-7.4%
FCF margin-15.3%-16.8%-4.0%-18.4%-15.5%-16.5%-5.0%-6.5%-0.9%
Return on assets1.8%1.5%1.9%1.8%1.9%2.0%1.8%2.0%-1.8%
Return on equity7.7%5.7%7.3%7.3%8.4%8.6%7.1%8.5%-7.5%
Debt / equity1.65×1.23×1.23×1.14×1.12×1.08×1.02×0.97×0.92×
Current ratio0.720.860.860.830.600.520.610.580.71

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