Is Northwest Natural Holding (NWN) overvalued or fairly valued?

MarketChacha shows Northwest Natural Holding's valuation in context — a trailing P/E of about 31.6, a forward P/E of about 14.8, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Northwest Natural Holding's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.62×) from reported figures — education, not a rating.

What is Northwest Natural Holding's revenue?

Northwest Natural Holding reported revenue of $1.3B for FY2025, with net profit of $113.3M, per official filings.

What is the share price of Northwest Natural Holding (NWN)?

Northwest Natural Holding last traded at $48.95 (+2.1% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Northwest Natural Holding

NWN · NYSE · Utilities · United States

Snapshot

TickerNWN

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Gas

CountryUnited States

Employees1,619

HeadquartersPortland, United States

Websitewww.nwnaturalholdings.com

Filings tracked21

About Northwest Natural Holding

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. It operates through three segments: NWN Gas Utility, SiEnergy, and NWN Water. The company operates mist gas storage facility contracted to utilities, third-party marketers, and electric generators; offers natural gas asset management services; interstate storage; and operates an appliance retail center. It also engages in the gas storage, water and wastewater, non-regulated renewable natural gas, and other investment businesses. In addition, the company offers natural gas services in Oregon and southwest Washington; water and wastewater connections; and operation, maintenance, and management services to water and wastewater system owners. Northwest Natural Holding Company was founded in 1859 and is headquartered in Portland, Oregon.

Who owns it

Insiders0.6%
Institutions83.6%
Public & other15.8%

435 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.94%
Vanguard Portfolio Management LLC6.50%
Vanguard Capital Management LLC4.51%
State Street Corporation4.11%
Vaughan Nelson Investment Management, L.P.3.47%
Geode Capital Management, LLC2.92%
Invesco Ltd.2.21%
Morgan Stanley1.93%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 7.7% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.62×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.8% → 8.8%

Margin has held broadly steady over the period — stable profitability.

Return on equity7.7%

Latest ROE of 7.7% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 4% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $484.4M · EPS 1.61

Est. earnings growth +16.2%

Next fiscal year

Rev $1.5B · EPS 3.23

Est. earnings growth +5.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.3B

Net margin

8.8%

ROE

7.7%

Revenue CAGR (2y)

+3.8%

Profit CAGR (2y)

+9.9%

EPS (FY2025)

2.77

Net profit (FY2025)

$113.3M

Ask MarketChacha about NWN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.3B	$113.3M	2.77	8.8%	7.7%
FY2024	$1.2B	$78.9M	2.03	6.8%	5.7%
FY2023	$1.2B	$93.9M	2.59	7.8%	7.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$243.6M	$600,000	0.01	0.2%
2026Q1	$490.4M	$97.5M	2.33	19.9%
2025Q3	$164.7M	$-29.9M	-0.73	-18.1%
2025Q2	$236.2M	$-2.5M	-0.06	-1.1%
2025Q1	$494.3M	$87.9M	2.18	17.8%
2024Q3	$136.9M	$-27.2M	-0.71	-19.8%
2024Q2	$211.7M	$-2.8M	-0.07	-1.3%
2024Q1	$433.5M	$63.8M	1.69	14.7%
2023Q3	$141.5M	$-23.7M	-0.65	-16.7%
2023Q2	$237.9M	$1.2M	0.03	0.5%
2023Q1	$462.4M	$71.7M	2.01	15.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material financial obligation, Exhibits
SEC9/3/2026material
10-Q filing
SEC8/5/2026
8-K — Results of operations, Exhibits
SEC8/5/2026material
8-K — Other events
SEC7/31/2026material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC6/5/2026material
8-K — Shareholder vote results
SEC6/1/2026material
8-K — Results of operations, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Other events
SEC3/24/2026material
8-K — Results of operations, Exhibits
SEC2/27/2026material
10-K filing
SEC2/27/2026

2025

8-K — Material financial obligation, Exhibits
SEC12/16/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/15/2025material
8-K — Results of operations, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Other events
SEC10/28/2025material
8-K — Other events
SEC9/2/2025material
8-K — Other events
SEC8/26/2025material
8-K — Results of operations, Exhibits
SEC8/5/2025material
10-Q filing
SEC8/5/2025
8-K — Bylaw/charter change, Exhibits
SEC7/25/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.