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MDU Resources Group MDU · USD

Utilities · US listing · 🇺🇸 United States

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19.25

+3.33%

Close of 9 Nov 2026, in USD

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$1.88bn

FY2016FY2025

Net income

$190.4m

FY2016FY2025

Free cash flow

−$318.6m

FY2016FY2025

Shareholders' equity

$2.77bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$1.88bn$1.76bn$1.80bn$1.75bn$3.45bn$5.53bn$5.34bn$4.53bn$4.44bn$4.13bn
Operating income$290.4m$265.6m$224.9m$200.9m$331.1m$544.9m$481.2m$401.7m$428.7m$409.1m
Net income$190.4m$281.1m$414.7m$367.5m$378.1m$390.2m$335.5m$272.3m$281.1m$64.4m
Diluted earnings per share0.931.372.031.801.861.941.671.391.440.33

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$7.76bn$7.04bn$7.83bn$9.66bn$8.91bn$8.05bn$7.68bn$6.99bn$6.33bn$6.28bn
Cash and short-term investments$28.2m$50.2m$48.9m$34.8m$54.2m$59.5m$66.5m$53.9m$34.6m$46.1m
Total liabilities$4.98bn$4.35bn$4.93bn$6.07bn$5.53bn$4.97bn$4.84bn$4.42bn$3.91bn$3.97bn
Debt$2.68bn$2.29bn$2.26bn$2.40bn$2.74bn$2.26bn$2.24bn$2.11bn$1.71bn$1.79bn
Shareholders' equity$2.77bn$2.69bn$2.91bn$3.59bn$3.38bn$3.08bn$2.85bn$2.57bn$2.43bn$2.32bn
Shares outstanding206m205m204m204m204m201m201m196m196m196m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$473.4m$502.3m$332.6m$510.0m$495.8m$768.4m$542.3m$499.9m$448.0m$462.2m
Capital spending−$792.0m−$522.8m−$519.7m−$656.6m−$659.4m−$558.0m−$576.1m−$568.2m−$341.4m−$388.2m
Free cash flow−$318.6m−$20.5m−$187.1m−$146.6m−$163.6m$210.4m−$33.8m−$68.3m$106.6m$74.0m
Dividends paid−$108.2m−$102.9m−$161.3m−$176.9m−$171.4m−$166.4m−$160.3m−$154.6m−$150.7m−$147.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$375.2m$606.0m$534.0m$315.1m$351.2m$674.8m$535.5m$289.7m
Operating income$47.9m$115.7m$107.4m$39.8m$30.3m$112.9m$94.6m$34.8m
Net income$21.3m$80.8m$76.3m$18.4m$13.8m$82.0m$55.2m$64.6m
Diluted earnings per share0.100.380.370.090.070.400.270.32
Cash from operations$265.0m$149.0m$80.0m$57.0m$117.0m$217.0m$60.0m$140.0m
Capital spending−$193.0m−$92.0m−$438.0m−$179.0m−$80.0m−$93.0m−$121.0m−$174.0m
Free cash flow$72.0m$57.0m−$358.0m−$122.0m$37.0m$124.0m−$61.0m−$34.0m
Total assets$7.71bn$7.68bn$7.76bn$7.19bn$6.95bn$6.96bn$7.04bn$8.17bn
Cash and short-term investments$46.3m$53.3m$28.2m$75.9m$58.8m$59.5m$50.2m$104.0m
Debt$2.58bn$2.60bn$2.68bn$2.35bn$2.18bn$2.19bn$2.29bn$2.48bn
Shareholders' equity$2.93bn$2.90bn$2.77bn$2.72bn$2.73bn$2.74bn$2.69bn$3.06bn

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin17.0%17.5%24.7%11.7%10.3%10.3%
Net margin10.2%16.0%23.0%21.0%10.9%7.1%
Return on equity6.9%10.4%14.3%10.2%11.2%12.7%
Return on assets2.5%4.0%5.3%3.8%4.2%4.8%
Free cash flow yield32.4%26.4%22.0%30.1%29.8%34.7%
Revenue growth6.7%-2.5%3.2%-49.4%-37.6%3.7%
Earnings growth-32.3%-32.2%12.8%-2.8%-3.1%16.3%
Current ratio0.84x0.98x1.27x1.36x1.42x1.39x
Debt to equity0.97x0.85x0.84x0.80x0.82x0.75x
Equity ratio35.8%38.2%37.1%37.1%38.0%38.2%
Interest coverage2.96x2.83x3.89x2.53x5.05x5.92x
Buybacks as a share of market value-0.5%-0.3%-0.1%-0.0%-1.4%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.4%-19.5%-7.7%
Operating income13.1%-11.8%1.3%
Net income-19.7%-13.4%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin15.3%13.7%11.5%9.9%
Net margin13.0%17.5%12.5%6.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings21.113.15.18.88.77.19.39.09.845.8
Price to sales2.12.11.21.90.90.50.60.50.60.7

Market value over time

30 Nov 2016 to 16 Oct 2026, in USD

$5.45bn$4.02bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return9%69%-33%3%15%-16%21%-6%-11%61%

Dividends and splits

Per share, in the currency the company pays

Paid for 37 years. Last went ex-dividend on 10 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.4250.540.510.6950.8750.8550.8350.815
  • 3-for-2 split · 27 Jul 2006
  • 3-for-2 split · 30 Oct 2003
  • 3-for-2 split · 14 Jul 1998
  • 3-for-2 split · 16 Oct 1995

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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