Northwest Natural Gas Co
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. It operates through three segments: NWN Gas Utility, SiEnergy, and NWN Water. The company operates mist gas storage facility contracted to utilities, third-party marketers, and elec… Read more
Northwest Natural Gas Co (NWN) - Net Assets
Latest net assets as of December 2025: $1.48 Billion USD
Based on the latest financial reports, Northwest Natural Gas Co (NWN) has net assets worth $1.48 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.24 Billion) and total liabilities ($4.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.48 Billion |
| % of Total Assets | 23.65% |
| Annual Growth Rate | 5.09% |
| 5-Year Change | 57.74% |
| 10-Year Change | 73.44% |
| Growth Volatility | 20.38 |
Northwest Natural Gas Co - Net Assets Trend (1994–2025)
This chart illustrates how Northwest Natural Gas Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northwest Natural Gas Co (1994–2025)
The table below shows the annual net assets of Northwest Natural Gas Co from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.48 Billion | +6.48% |
| 2024-12-31 | $1.39 Billion | +7.91% |
| 2023-12-31 | $1.28 Billion | +9.22% |
| 2022-12-31 | $1.18 Billion | +25.70% |
| 2021-12-31 | $935.15 Million | +5.22% |
| 2020-12-31 | $888.73 Million | +2.63% |
| 2019-12-31 | $866.00 Million | +13.55% |
| 2018-12-31 | $762.63 Million | +2.67% |
| 2017-12-31 | $742.78 Million | -12.67% |
| 2016-12-31 | $850.50 Million | +8.90% |
| 2015-12-31 | $780.97 Million | +1.78% |
| 2014-12-31 | $767.32 Million | +2.05% |
| 2013-12-31 | $751.87 Million | +2.57% |
| 2012-12-31 | $733.03 Million | +2.60% |
| 2011-12-31 | $714.49 Million | +3.09% |
| 2010-12-31 | $693.10 Million | -45.07% |
| 2009-12-31 | $1.26 Billion | +100.81% |
| 2008-12-31 | $628.37 Million | +5.65% |
| 2007-12-31 | $594.75 Million | -0.80% |
| 2006-12-31 | $599.54 Million | +2.15% |
| 2005-12-31 | $586.93 Million | +3.24% |
| 2004-12-31 | $568.52 Million | +12.29% |
| 2003-12-31 | $506.32 Million | +3.05% |
| 2002-12-31 | $491.35 Million | -2.15% |
| 2001-12-31 | $502.16 Million | +3.10% |
| 2000-12-31 | $487.06 Million | +4.70% |
| 1999-12-31 | $465.20 Million | 0.00% |
| 1998-12-31 | $465.20 Million | +15.23% |
| 1997-12-31 | $403.70 Million | +4.72% |
| 1996-12-31 | $385.50 Million | +6.08% |
| 1995-12-31 | $363.40 Million | +14.75% |
| 1994-12-31 | $316.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northwest Natural Gas Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 347.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $435.82 Million | 29.55% |
| Common Stock | $1.04 Billion | 70.78% |
| Other Comprehensive Income | $-4.75 Million | -0.32% |
| Total Equity | $1.48 Billion | 100.00% |
Northwest Natural Gas Co Competitors by Market Cap
The table below lists competitors of Northwest Natural Gas Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northam Platinum Holdings Limited
PINK:NPTLF
|
$2.14 Billion |
|
Shanxi Xishan Coal and Electricity Power Co Ltd
SHE:000983
|
$2.14 Billion |
|
Volvo Car AB (publ.)
PINK:VLVCY
|
$2.14 Billion |
|
Ambarella Inc
NASDAQ:AMBA
|
$2.14 Billion |
|
Boc International China Co Ltd
SHG:601696
|
$2.14 Billion |
|
CRANE HOLDINGS CO. DL 1
F:P8Q
|
$2.14 Billion |
|
Swancor Advanced Materials Co Ltd
SHG:688585
|
$2.14 Billion |
|
QinetiQ Group plc
PINK:QNTQF
|
$2.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northwest Natural Gas Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,385,371,000 to 1,475,076,000, a change of 89,705,000 (6.5%).
- Net income of 113,319,000 contributed positively to equity growth.
- Dividend payments of 77,309,000 reduced retained earnings.
- New share issuances of 47,418,000 increased equity.
- Other comprehensive income increased equity by 2,153,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $113.32 Million | +7.68% |
| Dividends Paid | $77.31 Million | -5.24% |
| Share Issuances | $47.42 Million | +3.21% |
| Other Comprehensive Income | $2.15 Million | +0.15% |
| Other Changes | $4.12 Million | +0.28% |
| Total Change | $- | 6.48% |
Book Value vs Market Value Analysis
This analysis compares Northwest Natural Gas Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.33x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $15.73 | $52.40 | x |
| 1995-12-31 | $16.66 | $52.40 | x |
| 1996-12-31 | $16.96 | $52.40 | x |
| 1997-12-31 | $17.54 | $52.40 | x |
| 1998-12-31 | $18.52 | $52.40 | x |
| 1999-12-31 | $18.48 | $52.40 | x |
| 2000-12-31 | $19.17 | $52.40 | x |
| 2001-12-31 | $19.61 | $52.40 | x |
| 2002-12-31 | $19.03 | $52.40 | x |
| 2003-12-31 | $19.43 | $52.40 | x |
| 2004-12-31 | $20.84 | $52.40 | x |
| 2005-12-31 | $21.25 | $52.40 | x |
| 2006-12-31 | $21.68 | $52.40 | x |
| 2007-12-31 | $22.03 | $52.40 | x |
| 2008-12-31 | $23.63 | $52.40 | x |
| 2009-12-31 | $47.48 | $52.40 | x |
| 2010-12-31 | $26.00 | $52.40 | x |
| 2011-12-31 | $26.72 | $52.40 | x |
| 2012-12-31 | $27.24 | $52.40 | x |
| 2013-12-31 | $27.82 | $52.40 | x |
| 2014-12-31 | $28.19 | $52.40 | x |
| 2015-12-31 | $28.47 | $52.40 | x |
| 2016-12-31 | $29.71 | $52.40 | x |
| 2017-12-31 | $25.83 | $52.40 | x |
| 2018-12-31 | $26.41 | $52.40 | x |
| 2019-12-31 | $29.00 | $52.40 | x |
| 2020-12-31 | $29.04 | $52.40 | x |
| 2021-12-31 | $30.41 | $52.40 | x |
| 2022-12-31 | $34.59 | $52.40 | x |
| 2023-12-31 | $35.40 | $52.40 | x |
| 2024-12-31 | $35.64 | $52.40 | x |
| 2025-12-31 | $36.02 | $52.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northwest Natural Gas Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.79%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 4.23x
- Recent ROE (7.68%) is below the historical average (8.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 11.21% | 9.64% | 0.41x | 2.81x | $3.83 Million |
| 1995 | 10.48% | 10.69% | 0.38x | 2.56x | $1.76 Million |
| 1996 | 12.14% | 12.31% | 0.38x | 2.57x | $8.25 Million |
| 1997 | 10.68% | 11.91% | 0.33x | 2.75x | $2.73 Million |
| 1998 | 6.08% | 6.55% | 0.35x | 2.65x | $-17.59 Million |
| 1999 | 9.74% | 9.94% | 0.37x | 2.67x | $-1.22 Million |
| 2000 | 10.31% | 9.44% | 0.42x | 2.63x | $1.52 Million |
| 2001 | 9.99% | 7.72% | 0.45x | 2.86x | $-29.10K |
| 2002 | 8.91% | 6.83% | 0.48x | 2.73x | $-5.34 Million |
| 2003 | 9.08% | 7.52% | 0.38x | 3.14x | $-4.65 Million |
| 2004 | 8.90% | 7.15% | 0.41x | 3.05x | $-6.28 Million |
| 2005 | 9.91% | 6.39% | 0.45x | 3.48x | $-544.10K |
| 2006 | 10.58% | 6.26% | 0.52x | 3.26x | $3.46 Million |
| 2007 | 12.53% | 7.21% | 0.51x | 3.39x | $15.02 Million |
| 2008 | 11.06% | 6.70% | 0.44x | 3.78x | $6.69 Million |
| 2009 | 5.95% | 7.42% | 0.42x | 1.90x | $-51.06 Million |
| 2010 | 10.48% | 8.95% | 0.31x | 3.78x | $3.36 Million |
| 2011 | 8.94% | 7.53% | 0.31x | 3.84x | $-7.55 Million |
| 2012 | 8.17% | 8.19% | 0.26x | 3.85x | $-13.45 Million |
| 2013 | 8.05% | 7.98% | 0.26x | 3.95x | $-14.65 Million |
| 2014 | 7.65% | 7.78% | 0.25x | 3.99x | $-18.04 Million |
| 2015 | 6.88% | 7.42% | 0.24x | 3.94x | $-24.39 Million |
| 2016 | 6.92% | 8.71% | 0.22x | 3.62x | $-26.15 Million |
| 2017 | -7.49% | -7.37% | 0.25x | 4.09x | $-129.90 Million |
| 2018 | 8.47% | 9.14% | 0.22x | 4.25x | $-11.69 Million |
| 2019 | 7.13% | 8.27% | 0.21x | 4.02x | $-24.86 Million |
| 2020 | 8.64% | 9.92% | 0.21x | 4.23x | $-12.09 Million |
| 2021 | 8.41% | 9.14% | 0.21x | 4.35x | $-14.85 Million |
| 2022 | 7.34% | 8.32% | 0.22x | 4.04x | $-31.24 Million |
| 2023 | 7.31% | 7.84% | 0.25x | 3.79x | $-34.52 Million |
| 2024 | 5.69% | 6.84% | 0.22x | 3.78x | $-59.67 Million |
| 2025 | 7.68% | 8.79% | 0.21x | 4.23x | $-34.19 Million |
Industry Comparison
This section compares Northwest Natural Gas Co's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northwest Natural Gas Co (NWN) | $1.48 Billion | 11.21% | 3.23x | $2.14 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |