Northwest Natural Holding (NWN) FY2024 results: revenue $1.2 billion, down 3.7% on the year
Northwest Natural Holding Co. (NWN) reported revenue of $1.2 billion for fiscal 2024, the year ended 31 December 2024, down 3.7% on the year before. Net income was $79 million, down 16.0%, and diluted earnings per share $2.03. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$1.2 billion
-3.7% on the year
FY2017FY2024
Operating margin
16.6%
15.4% a year earlier
FY2017FY2024
Net income
$79 million
-16.0% on the year
FY2017FY2024
Diluted EPS
$2.03
-21.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
200
280
148
-28.5%
Capital expenditure
394
327
339
+20.5%
Free cash flow
-194
-47.4
-191
Free cash flow margin
-16.8%
-4.0%
-18.4%
Cash from investing
-429
-335
-435
Cash from financing
227
64.2
302
+253.6%
Depreciation and amortisation
138
126
117
+9.8%
Dividends paid
72.9
67.3
62.8
+8.2%
Dividend per share
$1.95
$1.94
$1.93
+0.5%
Diluted shares, weighted
39m
36m
34m
+7.2%
Shares outstanding at period end
40m
38m
36m
+6.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,385
1,284
1,175
+7.9%
Debt
1,880
1,666
1,595
+12.9%
Operating lease liabilities
75.9
77.2
79.0
-1.6%
Other liabilities
1,893
1,840
1,899
+2.9%
Total liabilities and equity
5,234
4,867
4,748
+7.5%
Fixed assets
3,672
3,358
3,114
+9.4%
Goodwill
184
163
149
+12.5%
Cash and equivalents
38.5
32.9
29.3
+16.9%
Other assets
1,340
1,313
1,455
+2.1%
Total assets
5,234
4,867
4,748
+7.5%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.