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MDU Financials Mdu Resources Group Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 14.0% per year over the past 5 years.
  • Net income has grown faster than revenue (-13.4% vs -14.0% per year).

Financial health

  • Total debt ($2.7B) exceeds cash ($28M); net debt is $2.6B.
  • Total debt has grown faster than revenue (3.4% vs -14.0% per year).
  • Operating income covered interest expense 2.7× in the latest year.
  • Total debt is 5.4× EBITDA.

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 56.9% of earnings.
  • The dividend has declined 8.2% per year over the past 5 years.
Revenue & net income
-$123M $2B $3B $0 2007 2009 2011 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 11% 23% 2007 2009 2011 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$297M -$43M $210M $0 2007 2009 2011 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $3B 2007 2009 2011 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B -$130M $847M $0 2007 2009 2011 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.9B $190M 0.0% 15.6% -$297M $2.7B $28M
2024 $1.8B $281M 0.0% 15.2% -$21M $2.3B $67M
2023 $1.8B $415M 0.0% 12.5% -$152M $2.3B $60M
2022 $1.8B $367M 0.0% 11.5% $67M $2.4B $70M
2021 $3.4B $378M 0.0% 9.7% $11M $2.7B $54M
2020 — $390M — — $210M $2.3B $60M
2019 — $335M — — -$34M $2.2B $66M
2018 — $272M — — -$68M $2.1B $54M
2017 — $281M — — $107M $1.7B $35M
2012 — -$754000 — — -$288M — $49M
2011 — $213M — — $130M $1.3B $163M
2010 — $241M — — $102M $1.5B $222M
2009 — -$123M — — — — $175M
2008 — $294M — — — — $52M
2007 — $432M — — — — $106M

Valuation over time

How the market has priced MDU against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 12.4 24.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.8 3.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.3 4.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is MDU growing its revenue and profit?

Over the past 5 years, Mdu Resources Group Inc's revenue has declined 14.0% per year, and net income declined 13.4% per year. These are computed facts, not advice.

How much debt does MDU have?

As of FY2025, Mdu Resources Group Inc reported $2.7B of total debt against $28M of cash; operating income covered interest expense 2.7×.

What is MDU's profit margin?

In FY2025, gross margin was —, operating margin 15.6%, and net margin 10.2%.

What is MDU's P/E ratio?

As of Jun '26, Mdu Resources Group Inc traded at a price-to-earnings ratio of about 23.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.