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MDU Resources Group vs Northwestern Energy Group

MDU Resources Group is the larger business, with $1.88bn of revenue in fiscal 2025 against $1.61bn for Northwestern Energy Group (1.2 times as much). MDU Resources Group grew faster (6.7% against 6.4%). Northwestern Energy Group kept more of each dollar of sales as profit: a net margin of 11.2% against 10.2%. MDU Resources Group carries less debt relative to equity (96.5% against 119.1%).

Latest fiscal yearMDU Resources GroupMDU, 2025Northwestern Energy GroupNWE, 2025
Revenue $1.88bn $1.61bn
Revenue growth 6.7% 6.4%
Net income $190m $181m
Operating margin 15.5% 20.2%
Net margin 10.2% 11.2%
Return on equity 7.0% 6.3%
Free cash flow −$297m −$130m
Cash $28.2m $8.8m
Total debt $2.68bn $3.44bn
Debt to equity 96.5% 119.1%
Dividend per share $0.54 $2.64
Dividend yield 2.7% 3.3%
Share buybacks $0 —
Employees 2,096 1,667
Market value $4.19bn $4.94bn
Price vs our value range — —
Moat score 48 (Moderate) —
Insider trades, 12 months 1 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.