Northwest Natural Holding Co(NWN)Stock Analysis
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Rank #1,276 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NWN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Northwest Natural Holding Co (NWN), a Energy sector company. 13F Pro's AI-powered ranking engine scores NWN at 53.5/100 on a 32-signal composite quality model, placing it at rank #1,276 of 2,879 stocks — the top half of the AI-ranked universe. NWN scores in the top quartile across profitability (79.5). Areas of concern include free cash flow (24.1) and institutional flow (34.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), Northwest Natural Holding Co reports quarterly revenue of $490.4M, net income of $97.5M, free cash flow of $2.5M. Top institutional holders of NWN by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NWN trades on the NYSE exchange and files with the SEC under CIK 1733998. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NWN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Northwest Natural Holding Co directly from SEC EDGAR. Northwest Natural Holding Co's 13F Pro composite quality score has ranged between 28 and 71 since 2021, currently 53.5 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$490.4M
Net Income
Q1 2026
$97.5M
Free Cash Flow
Q1 2026
$2.5M
ROIC
Q1 2026
4.1%
D/E Ratio
Q1 2026
1.75
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+11.8% YoYNet Income
+43.7% YoYOperating Income
+47.0% YoYEPS (Diluted)
+36.5% YoYTotal Assets
+17.8% YoYTotal Debt
+44.7% YoYOp. Cash Flow
+34.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.29B +11.8% | $1.15B -3.7% | $1.20B +15.4% | $1.04B +20.6% | $860.4M +15.3% | $746.4M |
| Net Income | $113.3M +43.7% | $78.9M -16.0% | $93.9M +8.8% | $86.3M +9.7% | $78.7M +27.4% | $61.7M |
| Operating Income | $280.9M +47.0% | $191.1M +3.4% | $184.9M +10.4% | $167.5M +2.7% | $163.1M +13.7% | $143.5M |
| EPS (Diluted) | $2.77 +36.5% | $2.03 -21.6% | $2.59 +2.0% | $2.54 -0.8% | $2.56 +23.7% | $2.07 |
| Total Assets | $6.17B +17.8% | $5.23B +7.5% | $4.87B +2.5% | $4.75B +16.8% | $4.06B +18.6% | $3.43B |
| Total Debt | $2.77B +44.7% | $1.91B +5.2% | $1.82B +7.8% | $1.69B +17.5% | $1.43B +29.8% | $1.11B |
| Operating Cash Flow | $269.1M +34.4% | $200.3M -28.5% | $279.9M +89.6% | $147.7M -7.9% | $160.4M -13.8% | $186.0M |
AI Insight: NWN Financial Trends
Q1 2026 net income hit $97M — a new peak — but total debt has surged 67% from $1,655M to $2,765M over eight quarters.
• Peak-season profitability improving: Q1 2026 net income rose to $97M from $88M in Q1 2025, and operating income expanded from $154M to $163M.
• Total debt ballooned from $1,655M in Q2 2024 to $2,765M in Q1 2026, a $1,110M increase in six quarters.
• Q4 2025 operating cash flow collapsed to $3M versus $-19M in Q4 2024 — both weak, but Q4 2025 improvement is marginal.
• Revenue in Q2 2025 rose to $236M versus $212M in Q2 2024, showing modest year-over-year top-line growth in the off-peak quarter.
⚠ Debt-to-equity ratio has risen from 1.23x in Q2 2024 to 1.75x in Q1 2026 — leverage trajectory warrants close monitoring.
⚠ Operating cash flow in Q4 2025 was only $3M despite $112M operating income — a sharp divergence signaling working capital pressure.
⚠ Off-peak quarters (Q2, Q3) consistently generate net losses; Q3 2025 net loss of $-30M deepened slightly versus Q3 2024's $-27M.
AI Insight: NWN Ratio Trends
NWN's Q1 2026 operating margin hit 33.2% — the strongest single quarter in this dataset — but D/E has climbed steadily to 1.75 from 1.23 in Q2 2024.
• Q1 operating margin improved from 31.2% in Q1 2025 to 33.2% in Q1 2026, continuing year-over-year seasonal-peak expansion.
• Net profit margin at the Q1 2026 seasonal peak rose to 19.9%, up from 17.8% in Q1 2025.
• Debt-to-equity has risen steadily from 1.23 in Q2 2024 to 1.87 in Q4 2025, easing only marginally to 1.75 in Q1 2026.
• NWN exhibits sharp seasonal swings: Q3 quarters post deeply negative margins (-14.1% in Q3 2024, -7.5% in Q3 2025), reflecting gas utility demand patterns.
⚠ D/E of 1.75–1.87 is the highest in this dataset; further leverage increases could pressure credit metrics and dividend sustainability.
⚠ TTM ROIC of 6.7% trails the Q1 2026 single-quarter annualized 15.0% — watch whether off-peak quarters continue to drag full-year returns.
⚠ Q3 2025 operating loss of -7.5% was a narrower loss than Q3 2024's -14.1%; confirm whether this improvement persists in Q3 2026.
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Available Research
13F Pro tracks comprehensive data for Northwest Natural Holding Co including:
Top Institutional Holders of NWN
BlackRock, Inc.
$339.7M6,383,093 shVANGUARD PORTFOLIO MANAGEMENT LLC
$139.9M2,628,040 shVANGUARD CAPITAL MANAGEMENT LLC
$97.5M1,832,517 shSTATE STREET CORP
$85.4M1,605,211 shVAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
$63.3M1,189,201 shGEODE CAPITAL MANAGEMENT, LLC
$54.9M1,032,239 shMORGAN STANLEY
$44.2M831,355 shInvesco Ltd.
$42.6M799,977 shFIRST TRUST ADVISORS LP
$40.2M755,910 shDIMENSIONAL FUND ADVISORS LP
$39.6M743,512 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $339.7M | 6,383,093 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $139.9M | 2,628,040 |
| VANGUARD CAPITAL MANAGEMENT LLC | $97.5M | 1,832,517 |
| STATE STREET CORP | $85.4M | 1,605,211 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $63.3M | 1,189,201 |
| GEODE CAPITAL MANAGEMENT, LLC | $54.9M | 1,032,239 |
| MORGAN STANLEY | $44.2M | 831,355 |
| Invesco Ltd. | $42.6M | 799,977 |
| FIRST TRUST ADVISORS LP | $40.2M | 755,910 |
| DIMENSIONAL FUND ADVISORS LP | $39.6M | 743,512 |
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Popular Research
Is NWN a good stock to buy?
13F Pro's AI-powered analysis of Northwest Natural Holding Co (NWN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NWN are available on the NWN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NWN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NWN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Northwest Natural Holding Co's investment landscape.