Northwest Natural Holding CoNWN +0.65%70 Gross Margin % is 47.11% as of Mar. 2026, which is 25% above its 10-year median of 37.64. GuruFocus rates NWN with a GF Score™ of 70/100 and a GF Value™ of $42.34 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 489 Utilities - Regulated companies, Northwest Natural Holding Co ranks better than 70.14% on this metric.
Northwest Natural Holding Co (NYSE:NWN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Northwest Natural Holding Co had a gross margin of 47.11% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Northwest Natural Holding Co Gross Margin % Related Terms
Northwest Natural Holding Co Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Northwest Natural Holding Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northwest Natural Holding Co Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Northwest Natural Holding Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Northwest Natural Holding Co's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Northwest Natural Holding Co (NWN) has a Gross Margin % of 47.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Northwest Natural Holding Co and its competitors. This is 25% above median its historical median of 37.64. Over the past decade, Northwest Natural Holding Co's Gross Margin % has ranged from 31.33 to 41.32. According to the industry distribution chart, Northwest Natural Holding Co ranks #146 out of 489 companies in the Utilities - Regulated industry, placing it in the top 29.9%.
Is Northwest Natural Holding Co's Gross Margin % too high?
Northwest Natural Holding Co's current Gross Margin % of 47.11% is 25% above median its 10-year median of 37.64. Over the past 10 years, this metric has ranged from a low of 31.33 to a high of 41.32. The Utilities - Regulated industry median Gross Margin % is 30.88. Northwest Natural Holding Co's value of 47.11% is 52.6% above this industry median. Based on the distribution chart, Northwest Natural Holding Co ranks #146 out of 489 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Northwest Natural Holding Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northwest Natural Holding Co's Gross Margin % compare to SPH and CPK?
According to the Utilities - Regulated industry distribution chart, Northwest Natural Holding Co ranks #146 out of 489 companies for Gross Margin %. This puts Northwest Natural Holding Co in the upper half of its industry. The industry median Gross Margin % is 30.88. Northwest Natural Holding Co's value of 47.11% is 52.6% above this benchmark. Historically, Northwest Natural Holding Co's own Gross Margin % has ranged from 31.33 to 41.32 over the past decade. While the company's 10-year median is 37.64 vs. the industry median of 30.88, Northwest Natural Holding Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northwest Natural Holding Co's current Gross Margin % of 47.11% is 52.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Northwest Natural Holding Co and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northwest Natural Holding Co's current Gross Margin % is 47.11%, which is 25% above median its own 10-year median of 37.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northwest Natural Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Northwest Natural Holding Co (NWN) is currently considered Modestly Overvalued. The stock's GF Value™ is $42.34, compared to a current price of $50.83 — trading 20.1% above its estimated fair value. The current Gross Margin % is 47.11%, which is 25% above median its 10-year median of 37.64 and 52.6% above the Utilities - Regulated industry median of 30.88. Northwest Natural Holding Co's overall GF Score™ is 70/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Northwest Natural Holding Co (NWN), the current Gross Margin % is 47.11% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northwest Natural Holding Co (NWN) Overvalued in 2026?
Based on GuruFocus' analysis, Northwest Natural Holding Co stock appears to be overvalued.
The current stock price of $50.83 is trading 20.1% above its estimated GF Value™ of $42.34.
GuruFocus considers Northwest Natural Holding Co to be Modestly Overvalued.
Key valuation signals for NWN:
Gross Margin %: 47.11% (25% above median its 10-year median of 37.64)
GF Value™: $42.34 vs. price of $50.83 (20.1% above fair value)
Industry Position: 52.6% above the Utilities - Regulated median (#146 of 489)
No single metric tells the full story. See the NWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through which operates in Oregon and southwest Washington. The company operates in three reportable business segments, which are NWN Gas Utility, SiEnergy, and NWN Water. The company generates maximum revenue from NWN Gas Utility segment. It also generates revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.
70GF Score
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