What is MDU Resources Group, Inc.'s earnings per share (EPS)?

MDU Resources Group, Inc. (MDU) reported diluted earnings per share of $0.93 for fiscal year 2025. This represents a -32.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MDU Resources Group (MDU) Financials

MDU NYSE

Trailing 12 months to June 30, 2026

Revenue $1.8B -1.1% YoY

Net Income $196.7M -8.7% YoY

EPS (Diluted) $0.95 -9.5% YoY

Free Cash Flow -$386.1M -687.1% YoY

Market Cap $4.1B as of Oct 29, 2026

Price / Sales 2.3x on $1.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 21.1x on $196.7M net income, trailing 12 months to June 30, 2026

Price / Book 1.4x on $2.9B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MDU SEC filings page.

MDU Resources Group, Inc. (MDU) reported $1.8B in revenue over the twelve months to Jun 30, 2026, down 1.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MDU FY2025 2026-10-24

MDU turns accounting profit into operating cash, but a sharply heavier investment program leaves free cash flow deeply negative.

In FY2025, operating cash flow reached $473M, or 248.6% of net income. Capital expenditures of $770M exceeded operating cash generation, showing that reported earnings are cash-backed before reinvestment, but the asset program is not self-funded by operations alone.

Revenue grew 6.7% in FY2025 while operating margin expanded 0.4 percentage points, indicating operating improvement despite modest top-line growth. Net margin fell 5.8 percentage points to 10.2%, so that improvement did not reach shareholders proportionally.

The balance sheet is becoming more debt-dependent: long-term debt rose 18.8% while the current ratio was only 0.8x, pointing to tighter near-term flexibility alongside greater leverage. Liabilities represented 63.6% of assets, while current assets fell 14.1%, reinforcing the shift toward a less liquid funding position.

Financial Health Signals

Financial Health Score 42/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of MDU Resources Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

MDU Resources Group, Inc. has an operating margin of 15.5%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 15.1% the prior year.

Growth

MDU Resources Group, Inc.'s revenue grew 6.7% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 38/100.

Leverage

MDU Resources Group, Inc. has a moderate D/E ratio of 0.91. This balance of debt and equity financing earns a leverage score of 32/100.

Liquidity

MDU Resources Group, Inc.'s current ratio of 0.84 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While MDU Resources Group, Inc. generated $473.4M in operating cash flow, capex of $770.4M consumed most of it, leaving -$297.0M in free cash flow. This results in a low score of 46/100, reflecting heavy capital investment rather than weak cash generation.

Returns

MDU Resources Group, Inc.'s ROE of 6.9% shows moderate profitability relative to equity, earning a score of 40/100. This is down from 10.4% the prior year.

Altman Z-Score Distress

1.07

MDU Resources Group, Inc. scores 1.07, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $112.8M against total assets of $7.6B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

MDU Resources Group, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.

Earnings Quality Cash-Backed

2.49x

For every $1 of reported earnings, MDU Resources Group, Inc. generates $2.49 in operating cash flow ($473.4M OCF vs $190.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.69x

MDU Resources Group, Inc. earns $2.69 in operating income for every $1 of interest expense ($290.4M vs $107.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$375.3M

YoY+6.9%

QoQ-38.1%

MDU Resources Group, Inc. generated $375.3M in revenue in Q2 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is down 38.1%.

EBITDA

$103.1M

YoY+25.5%

QoQ-39.3%

MDU Resources Group, Inc.'s EBITDA was $103.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.5% from the same quarter a year earlier. Against the prior quarter it is down 39.3%.

Net Income

$21.2M

YoY+54.1%

QoQ-73.7%

MDU Resources Group, Inc. reported $21.2M in net income in Q2 2026. This represents an increase of 54.1% from the same quarter a year earlier. Against the prior quarter it is down 73.7%.

EPS (Diluted)

$0.10

YoY+42.9%

QoQ-74.4%

5Y CAGR-27.5%

10Y CAGRn/m

MDU Resources Group, Inc. earned $0.10 per diluted share (EPS) in Q2 2026. This represents an increase of 42.9% from the same quarter a year earlier. Against the prior quarter it is down 74.4%.

Cash & Balance Sheet

Free Cash Flow

$15.0M

YoY-58.9%

QoQ-73.6%

5Y CAGRn/m

10Y CAGRn/m

MDU Resources Group, Inc. generated $15.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 58.9% from the same quarter a year earlier. Against the prior quarter it is down 73.6%.

Cash & Debt

$46.3M

YoY-21.3%

QoQ-13.2%

5Y CAGR-4.4%

10Y CAGR-5.9%

MDU Resources Group, Inc. held $46.3M in cash against $2.6B in long-term debt as of Q2 2026.

Dividends Per Share

$0.14

YoY+7.7%

QoQ0.0%

5Y CAGR-8.0%

10Y CAGR-2.9%

MDU Resources Group, Inc. paid $0.14 per share in dividends in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

210M

YoY+2.9%

QoQ+0.6%

5Y CAGR+0.8%

10Y CAGR+0.7%

MDU Resources Group, Inc. had 210M shares outstanding in Q2 2026. This represents an increase of 2.9% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Margins & Returns

Operating Margin

12.8%

YoY+4.1pp

QoQ-6.3pp

MDU Resources Group, Inc.'s operating margin was 12.8% in Q2 2026, reflecting core business profitability. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.3 percentage points.

Net Margin

5.7%

YoY+1.7pp

QoQ-7.7pp

MDU Resources Group, Inc.'s net profit margin was 5.7% in Q2 2026, showing the share of revenue converted to profit. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.7 percentage points.

Return on Equity

0.7%

YoY+0.2pp

QoQ-2.0pp

MDU Resources Group, Inc.'s quarterly ROE was 0.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$101.1M

YoY+24.9%

QoQ+9.4%

5Y CAGR-7.7%

10Y CAGR-0.4%

MDU Resources Group, Inc. invested $101.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 24.9% from the same quarter a year earlier. Against the prior quarter it is up 9.4%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

MDU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MDU quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.8B	$1.9B+6.7%	$1.8B-2.5%	$1.8B+3.2%	$1.7B-49.4%	$3.5B-37.6%	$5.5B+3.7%	$5.3B+17.8%	$4.5B+2.0%	$4.4B+7.6%	$4.1B+2.9%	$4.0B-2.5%	$4.1B+5.0%	$3.9B-3.8%	$4.1B+0.6%	$4.1B
SG&A Expenses	$438.0M	$433.0M+4.5%	$414.5M+1.8%	$407.1M+7.1%	$380.0M-82.8%	$2.2B-45.1%	$4.0B+3.4%	$3.9B+19.6%	$3.3B+3.8%	$3.1B+8.4%	$2.9B	N/A	N/A	N/A	N/A	N/A
Operating Income	$310.8M	$290.4M+9.3%	$265.6M+18.1%	$224.9M+12.0%	$200.9M-39.3%	$331.1M-39.2%	$544.9M+13.2%	$481.2M+19.8%	$401.7M-5.3%	$424.0M+3.7%	$408.9M+27.9%	$319.8M-2.3%	$327.2M+2.0%	$320.7M+1569.7%	$19.2M-95.3%	$406.4M
EBITDA	N/A	$497.1M+6.7%	$465.7M+12.1%	$415.4M+6.7%	$389.4M-26.4%	$529.3M-36.2%	$830.0M+12.6%	$737.2M+18.5%	$621.9M-1.5%	$631.5M+1.0%	$625.2M+17.6%	$531.5M+0.2%	$530.3M+1.8%	$521.1M+37.7%	$378.4M-49.5%	$749.8M
Interest Expense	$119.7M	$107.7M-0.6%	$108.3M+3.6%	$104.6M+29.7%	$80.7M+14.1%	$70.7M-26.7%	$96.5M-2.1%	$98.6M+16.5%	$84.6M+2.2%	$82.8M-5.8%	$87.8M-3.7%	$91.2M+5.0%	$86.9M+3.7%	$83.8M+9.3%	$76.7M-5.7%	$81.4M
Income Tax	$18.4M	$19.6M+11.3%	$17.6M+72.2%	$10.2M+64.9%	$6.2M-85.8%	$43.5M-48.5%	$84.6M+33.7%	$63.3M+33.3%	$47.5M-27.0%	$65.0M-30.2%	$93.1M+31.8%	$70.7M+9.7%	$64.4M-13.3%	$74.3Mn/m	-$31.1M-128.2%	$110.3M
Net Income	$196.7M	$190.4M-32.3%	$281.1M-32.2%	$414.7M+12.8%	$367.5M-2.8%	$378.1M-3.1%	$390.2M+16.3%	$335.5M+23.2%	$272.3M-3.2%	$281.2M+341.1%	$63.7Mn/m	-$622.4M-308.7%	$298.2M+6.9%	$278.9Mn/m	-$754K-100.4%	$213.0M
EPS (Basic)	N/A	$0.93-32.6%	$1.38-32.4%	$2.04+12.7%	$1.81-3.2%	$1.87-4.1%	$1.95+15.4%	$1.69+21.6%	$1.39-3.5%	$1.44+336.4%	$0.33n/m	-$3.20-306.5%	$1.55+5.4%	$1.47	-$0.01	$1.12
EPS (Diluted)	$0.95	$0.93-32.1%	$1.37-32.5%	$2.03+12.2%	$1.81-3.2%	$1.87-4.1%	$1.95+15.4%	$1.69+21.6%	$1.39-2.8%	$1.43+333.3%	$0.33n/m	-$3.20-306.5%	$1.55+5.4%	$1.47	-$0.01	$1.12
Diluted Shares (Avg)	N/A	205M+0.3%	205M+0.4%	204M+0.2%	203M+0.5%	202M+0.9%	201M+1.0%	199M+1.3%	196M+0.2%	196M0.0%	196M+0.3%	195M+1.2%	193M+1.5%	190M	189M	189M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$375.3M+6.9%	$606.0M-10.2%	$534.0M-0.3%	$315.0M+8.7%	$351.2M+1.9%	$674.8M+14.7%	$535.5M	$289.7M-71.1%
SG&A Expenses	$114.0M+1.0%	$114.9M+3.5%	$107.3M+1.5%	$101.8M+0.5%	$112.9M+12.9%	$111.0M+3.2%	$105.7M	$101.2M-86.3%
Operating Income	$47.9M+58.1%	$115.7M+2.5%	$107.3M+13.5%	$39.8M+14.3%	$30.3M-23.4%	$112.9M+16.8%	$94.6M	$34.8M-58.8%
EBITDA	$103.1M+25.5%	$169.9M+3.5%	$158.9M+9.3%	$91.9M+8.5%	$82.2M-7.9%	$164.1M+12.1%	$145.4M	$84.7M-38.5%
Interest Expense	$31.5M+24.0%	$32.7M+21.9%	$29.1M+3.8%	$26.4M-3.4%	$25.4M-4.0%	$26.8M+1.2%	$28.0M	$27.3M-14.9%
Income Tax	$3.4M+411.6%	$4.7M-45.4%	$8.0M+28.6%	$2.4M+170.7%	$655K-79.5%	$8.6M+17.1%	$6.2M	$876K-93.4%
Net Income	$21.2M+54.1%	$80.8M-1.4%	$76.3M+38.4%	$18.3M-71.7%	$13.8M-77.2%	$82.0M-18.8%	$55.2M	$64.6M-13.8%
EPS (Basic)	$0.10+42.9%	$0.39-2.5%	$0.37+37.0%	$0.09-71.9%	$0.07-76.7%	$0.40-20.0%	$0.27-67.9%	$0.32-13.5%
EPS (Diluted)	$0.10+42.9%	$0.39-2.5%	$0.37+42.3%	$0.09-71.9%	$0.07-76.7%	$0.40-18.4%	$0.26-68.7%	$0.32-13.5%
Diluted Shares (Avg)	212M+3.1%	207M+1.0%	N/A	205M+0.3%	205M+0.3%	205M+0.4%	N/A	205M+0.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

MDU Balance Sheet

MDU quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$7.6B+8.3%	$7.0B-10.1%	$7.8B-18.9%	$9.7B+8.4%	$8.9B+10.6%	$8.1B+4.8%	$7.7B+9.9%	$7.0B+10.3%	$6.3B+0.8%	$6.3B-4.3%	$6.6B-15.9%	$7.8B+10.3%	$7.1B+5.9%	$6.7B+1.9%	$6.6B
Current Assets	$572.4M-14.1%	$666.3M-51.1%	$1.4B-32.2%	$2.0B+29.7%	$1.6B+16.0%	$1.3B+3.1%	$1.3B+9.6%	$1.2B+10.7%	$1.1B+9.5%	$977.5M-1.4%	$991.3M-18.6%	$1.2B+9.0%	$1.1B-1.0%	$1.1B-5.6%	$1.2B
Cash & Equivalents	$28.2M-57.8%	$66.9M+10.6%	$60.5M-14.1%	$70.4M+30.0%	$54.2M-9.0%	$59.5M-10.4%	$66.5M+23.2%	$53.9M+55.9%	$34.6M-25.0%	$46.1M-45.0%	$83.9M+38.7%	$60.5M+15.1%	$52.6M+7.2%	$49.0M-69.9%	$162.8M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$39.1M-13.1%	$44.9M+0.6%	$44.7M-30.5%	$64.2M-80.9%	$335.6M+15.3%	$291.2M+4.6%	$278.4M-3.1%	$287.3M+26.8%	$226.6M-4.9%	$238.3M-0.9%	$240.6M-16.9%	$289.4M+2.5%	$282.4M-11.0%	$317.4M+15.8%	$274.2M
Long-Term Investments	$121.2M+5.0%	$115.5M+2.7%	$112.5M-12.7%	$128.8M-26.6%	$175.5M+6.3%	$165.0M+11.0%	$148.7M+7.2%	$138.6M+0.7%	$137.6M+9.3%	$125.9M+5.1%	$119.7M+1.5%	$117.9M+4.4%	$112.9M+9.4%	$103.2M-5.6%	$109.4M
Goodwill	$345.7M0.0%	$345.7M0.0%	$345.7M-29.3%	$489.0M-36.1%	$765.4M+7.1%	$715.0M+4.9%	$681.4M+2.5%	$664.9M+5.2%	$631.8M0.0%	$631.8M-0.5%	$635.2M0.0%	$635.2M-0.1%	$636.0M0.0%	$636.0M+0.2%	$634.9M
Total Liabilities	$4.8B+11.5%	$4.3B-11.8%	$4.9B-18.9%	$6.1B+9.9%	$5.5B+11.1%	$5.0B+2.9%	$4.8B+9.4%	$4.4B+13.2%	$3.9B-1.6%	$4.0B-4.8%	$4.2B-10.8%	$4.7B+9.9%	$4.3B+5.4%	$4.0B+6.7%	$3.8B
Current Liabilities	$685.2M+1.0%	$678.6M-36.9%	$1.1B-27.3%	$1.5B+35.5%	$1.1B+13.4%	$963.5M+11.2%	$866.4M-12.1%	$986.0M+21.3%	$812.9M+21.4%	$669.7M-29.3%	$947.3M-4.4%	$991.1M+26.3%	$784.9M-7.7%	$850.1M-5.4%	$898.8M
Non-Current Liabilities	$4.2B+13.5%	$3.7B-4.7%	$3.9B-16.1%	$4.6B+3.6%	$4.4B+10.6%	$4.0B+1.0%	$4.0B+151.5%	$1.6B+3.4%	$1.5B-1.6%	$1.6B+0.8%	$1.5B-12.8%	$1.8B+11.9%	$1.6B+0.3%	$1.6B-1.4%	$1.6B
Long-Term Debt	$2.5B+18.8%	$2.1B+1.2%	$2.1B-9.2%	$2.3B-10.6%	$2.6B+17.3%	$2.2B-0.7%	$2.2B+19.9%	$1.9B+18.5%	$1.6B-10.3%	$1.7B+12.1%	$1.6B-14.7%	$1.8B-0.9%	$1.8B+14.4%	$1.6B+25.3%	$1.3B
Total Equity	$2.8B+3.1%	$2.7B-7.4%	$2.9B-19.0%	$3.6B+6.0%	$3.4B+9.9%	$3.1B+8.1%	$2.8B+10.9%	$2.6B+5.7%	$2.4B+4.9%	$2.3B-3.3%	$2.4B-23.5%	$3.1B+11.0%	$2.8B+6.6%	$2.6B-4.6%	$2.8B
Retained Earnings	$1.1B+7.7%	$1.0B-17.9%	$1.3B-35.7%	$2.0B+10.7%	$1.8B+13.1%	$1.6B+16.6%	$1.3B+14.9%	$1.2B+11.8%	$1.0B+14.1%	$912.3M-8.4%	$996.4M-43.5%	$1.8B+10.0%	$1.6B+10.0%	$1.5B-8.1%	$1.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$7.7B+11.0%	$7.7B+10.4%	$7.6B+8.3%	$7.2B-12.1%	$6.9B-12.7%	$7.0B-11.2%	$7.0B-10.1%	$8.2B+3.9%
Current Assets	$496.0M+12.2%	$559.5M+3.3%	$572.4M-14.1%	$501.4M-65.8%	$441.9M-68.4%	$541.6M-59.0%	$666.3M-51.1%	$1.5B-3.1%
Cash & Equivalents	$46.3M-21.3%	$53.3M-10.5%	$28.2M-57.8%	$75.9M-14.1%	$58.8M-25.4%	$59.5M-18.1%	$66.9M+10.6%	$88.3M+171.7%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%
Inventory	$19.3M-1.9%	$19.5M+5.6%	$39.1M-13.1%	$44.3M-1.5%	$19.7M-6.8%	$18.5M+33.9%	$44.9M+0.6%	$45.0M-44.0%
Long-Term Investments	$123.1M+6.4%	$117.9M+0.3%	$121.2M+5.0%	$118.4M+4.9%	$115.8M+5.3%	$117.6M+8.3%	$115.5M+2.7%	$113.0M-18.9%
Goodwill	$345.7M0.0%	$345.7M0.0%	$345.7M0.0%	$345.7M0.0%	$345.7M0.0%	$345.7M0.0%	$345.7M0.0%	$345.7M-29.3%
Total Liabilities	$4.8B+13.6%	$4.8B+13.3%	$4.8B+11.5%	$4.5B-12.7%	$4.2B-14.7%	$4.2B-13.2%	$4.3B-11.8%	$5.1B+0.1%
Current Liabilities	$499.7M-16.0%	$718.3M+13.2%	$685.2M+1.0%	$666.5M-48.0%	$594.8M-48.3%	$634.6M-31.2%	$678.6M-36.9%	$1.3B+9.2%
Non-Current Liabilities	$4.3B+18.4%	$4.1B+13.3%	$4.2B+13.5%	$3.8B-1.0%	$3.6B-4.6%	$3.6B-9.0%	$3.7B-4.7%	$3.8B-2.7%
Long-Term Debt	$2.6B+25.8%	$2.4B+17.2%	$2.5B+18.8%	$2.2B-2.0%	$2.0B-7.3%	$2.0B-7.4%	$2.1B+1.2%	$2.2B-2.0%
Total Equity	$2.9B+7.1%	$2.9B+5.9%	$2.8B+3.1%	$2.7B-11.0%	$2.7B-9.5%	$2.7B-8.0%	$2.7B-7.4%	$3.1B+10.9%
Retained Earnings	$1.2B+7.5%	$1.2B+7.0%	$1.1B+7.7%	$1.1B-24.3%	$1.1B-21.4%	$1.1B-18.4%	$1.0B-17.9%	$1.4B+26.4%

Not reported in any period shown, so not listed: Accounts Receivable.

MDU Cash Flow Statement

MDU quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$403.8M	$473.4M-5.8%	$502.3M+51.0%	$332.6M-34.8%	$510.1M+2.9%	$495.8M-35.5%	$768.4M+41.7%	$542.3M+8.5%	$499.9M+11.6%	$448.0M-3.1%	$462.2M-30.2%	$661.8M+12.7%	$587.1M-22.2%	$754.3M+29.0%	$584.7M-6.7%	$626.6M
Depreciation & Amortization	N/A	$206.7M+3.3%	$200.1M+5.1%	$190.4M+1.0%	$188.6M-4.9%	$198.2M-30.5%	$285.1M+11.4%	$256.0M+16.3%	$220.2M+6.1%	$207.5M-4.1%	$216.3M+2.2%	$211.7M+4.3%	$203.1M+1.3%	$200.4M-44.2%	$359.2M+4.6%	$343.4M
Stock-Based Compensation	N/A	$6.6M-22.2%	$8.4M+53.0%	$5.5M-30.4%	$7.9M-38.5%	$12.9M-1.8%	$13.1M+78.1%	$7.4M	N/A	N/A	N/A	N/A	N/A	$3.9M-2.5%	$4.0M+14.3%	$3.5M
Capital Expenditures	$789.9M	$770.4M+47.4%	$522.8M+8.0%	$484.1M+9.4%	$442.6M-8.8%	$485.2M-13.0%	$558.0M-3.1%	$576.1M+1.4%	$568.2M+66.4%	$341.4M-12.1%	$388.2M-27.7%	$536.8M+25.0%	$429.3M-19.2%	$531.3M-39.1%	$872.9M+75.6%	$497.0M
Free Cash Flow	-$386.1M	-$297.0Mn/m	-$20.5Mn/m	-$151.5M-324.5%	$67.5M+537.8%	$10.6M-95.0%	$210.4Mn/m	-$33.8Mn/m	-$68.3M-164.1%	$106.6M+44.0%	$74.0M-40.8%	$125.0M-20.7%	$157.7M-29.3%	$223.0Mn/m	-$288.2M-322.3%	$129.6M
Investing Cash Flow	-$802.6M	-$780.9Mn/m	-$552.7Mn/m	-$540.8Mn/m	-$638.9Mn/m	-$885.9Mn/m	-$630.2Mn/m	-$603.9Mn/m	-$710.9Mn/m	-$214.2Mn/m	-$305.1Mn/m	-$382.5Mn/m	-$904.2Mn/m	-$782.7Mn/m	-$888.0Mn/m	-$464.5M
Financing Cash Flow	$386.3M	$268.8M+567.1%	$40.3M-80.3%	$204.6M+31.9%	$155.2M-59.7%	$384.7Mn/m	-$145.0M-295.8%	$74.1M-67.8%	$230.4Mn/m	-$245.3Mn/m	-$194.9Mn/m	-$255.7M-178.6%	$325.2M+782.1%	$36.9M-80.6%	$189.6Mn/m	-$221.2M
Dividends Paid	$112.4M	$108.2M+5.2%	$102.9M-36.2%	$161.3M-8.8%	$176.9M+3.2%	$171.4M+3.0%	$166.4M+3.8%	$160.3M+3.7%	$154.6M+2.6%	$150.7M+2.4%	$147.2M+3.0%	$142.8M+4.5%	$136.7M+38.9%	$98.4M-38.4%	$159.8M+29.6%	$123.3M
Share Buybacks	N/A	$0n/m	$0-100.0%	$4.8M-35.0%	$7.4M+10.4%	$6.7Mn/m	$0n/m	$0-100.0%	$5.0M+198.1%	$1.7Mn/m	$0n/m	$0	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$116.1M-1.1%	$149.2M-31.4%	$80.6M+33.1%	$57.9M-58.7%	$117.4M-14.0%	$217.5M+31.7%	$60.5M-61.6%	$140.2M+37.7%
Depreciation & Amortization	$55.2M+6.4%	$54.2M+5.7%	$51.5M+1.5%	$52.0M+4.4%	$51.9M+4.4%	$51.3M+3.0%	$50.8M+60.9%	$49.8M-6.2%
Stock-Based Compensation	N/A	$1.9M+17.4%	N/A	N/A	N/A	$1.6M-41.8%	N/A	N/A
Capital Expenditures	$101.1M+24.9%	$92.4M-0.7%	$416.6M+166.5%	$179.8M+28.9%	$80.9M-26.4%	$93.0M-20.5%	$156.3M+37.7%	$139.5M+0.8%
Free Cash Flow	$15.0M-58.9%	$56.8M-54.4%	-$336.0Mn/m	-$121.9M-18214.9%	$36.5M+37.5%	$124.4M+158.6%	-$95.8M-316.9%	$673Kn/m
Investing Cash Flow	-$104.9Mn/m	-$91.2Mn/m	-$421.1Mn/m	-$185.3Mn/m	-$79.7Mn/m	-$94.7Mn/m	-$160.3Mn/m	-$156.4Mn/m
Financing Cash Flow	-$18.2Mn/m	-$32.9Mn/m	$292.9M+367.7%	$144.5M+459.8%	-$38.5Mn/m	-$130.1Mn/m	$62.6M+428.0%	$25.8M+189.4%
Dividends Paid	$28.7M+7.9%	$28.6M+7.9%	$28.6M+9.9%	$26.6M+4.1%	$26.6M+4.2%	$26.5M+2.3%	$26.0M+2.2%	$25.5M-43.7%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0n/m

MDU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MDU quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	15.5%+0.4pp	15.1%+2.6pp	12.5%+1.0pp	11.5%+1.9pp	9.6%-0.3pp	9.8%+0.8pp	9.0%+0.2pp	8.9%-0.7pp	9.5%-0.4pp	9.9%+1.9pp	8.0%0.0pp	8.0%-0.2pp	8.2%+7.7pp	0.5%-9.6pp	10.0%
Net Margin	10.2%-5.8pp	16.0%-7.0pp	23.0%+2.0pp	21.0%+10.1pp	10.9%+3.9pp	7.0%+0.8pp	6.3%+0.3pp	6.0%-0.3pp	6.3%+4.8pp	1.5%+17.0pp	-15.5%-22.8pp	7.2%+0.1pp	7.1%+7.1pp	0.0%-5.3pp	5.3%
Return on Equity	6.9%-3.6pp	10.4%-3.8pp	14.3%+4.0pp	10.2%-0.9pp	11.2%-1.5pp	12.7%+0.9pp	11.8%+1.2pp	10.6%-1.0pp	11.6%+8.8pp	2.8%+28.7pp	-26.0%-35.5pp	9.5%-0.4pp	9.9%+9.9pp	0.0%-7.7pp	7.7%
Return on Assets	2.5%-1.5pp	4.0%-1.3pp	5.3%+1.5pp	3.8%-0.4pp	4.2%-0.6pp	4.9%+0.5pp	4.4%+0.5pp	3.9%-0.5pp	4.4%+3.4pp	1.0%+10.5pp	-9.5%-13.3pp	3.8%-0.1pp	3.9%+4.0pp	0.0%-3.3pp	3.3%
Current Ratio	0.84-0.1x	0.98-0.3x	1.27-0.1x	1.36-0.1x	1.420.0x	1.39-0.1x	1.50+0.3x	1.20-0.1x	1.32-0.1x	1.46+0.4x	1.05-0.2x	1.23-0.2x	1.42+0.1x	1.330.0x	1.33
Debt-to-Equity	0.91+0.1x	0.79+0.1x	0.72+0.1x	0.65-0.1x	0.770.0x	0.72-0.1x	0.78+0.1x	0.72+0.1x	0.64-0.1x	0.75+0.1x	0.65+0.1x	0.58-0.1x	0.650.0x	0.61+0.1x	0.46
Liabilities-to-Equity	1.75+0.1x	1.62-0.1x	1.700.0x	1.69+0.1x	1.630.0x	1.62-0.1x	1.700.0x	1.72+0.1x	1.61-0.1x	1.710.0x	1.74+0.2x	1.490.0x	1.510.0x	1.52+0.2x	1.36
Asset Turnover	0.250.0x	0.250.0x	0.230.0x	0.18-0.2x	0.39-0.3x	0.690.0x	0.690.0x	0.65-0.1x	0.700.0x	0.660.0x	0.61+0.1x	0.530.0x	0.55-0.1x	0.610.0x	0.62
FCF Margin	-15.8%-14.7pp	-1.2%+7.2pp	-8.4%-12.3pp	3.9%+3.6pp	0.3%-3.5pp	3.8%+4.4pp	-0.6%+0.9pp	-1.5%-3.9pp	2.4%+0.6pp	1.8%-1.3pp	3.1%-0.7pp	3.8%-1.9pp	5.7%+12.8pp	-7.1%-10.3pp	3.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	12.8%+4.1pp	19.1%+2.4pp	20.1%+2.4pp	12.7%+0.6pp	8.6%-2.8pp	16.7%+0.3pp	17.7%	12.0%+3.6pp
Net Margin	5.7%+1.7pp	13.3%+1.2pp	14.3%+4.0pp	5.8%-16.5pp	3.9%-13.6pp	12.2%-5.0pp	10.3%	22.3%+14.8pp
Return on Equity	0.7%+0.2pp	2.8%-0.2pp	2.8%+0.7pp	0.7%-1.4pp	0.5%-1.5pp	3.0%-0.4pp	2.1%	2.1%-0.6pp
Return on Assets	0.3%+0.1pp	1.1%-0.1pp	1.0%+0.2pp	0.3%-0.5pp	0.2%-0.6pp	1.2%-0.1pp	0.8%	0.8%-0.2pp
Current Ratio	0.99+0.2x	0.78-0.1x	0.84-0.1x	0.75-0.4x	0.74-0.5x	0.85-0.6x	0.98-0.3x	1.15-0.1x
Debt-to-Equity	0.88+0.1x	0.82+0.1x	0.91+0.1x	0.80+0.1x	0.750.0x	0.740.0x	0.79+0.1x	0.73-0.1x
Liabilities-to-Equity	1.63+0.1x	1.65+0.1x	1.75+0.1x	1.640.0x	1.54-0.1x	1.54-0.1x	1.62-0.1x	1.67-0.2x
Asset Turnover	0.050.0x	0.080.0x	0.070.0x	0.040.0x	0.050.0x	0.100.0x	0.08	0.04-0.1x
FCF Margin	4.0%-6.4pp	9.4%-9.1pp	-62.9%-45.0pp	-38.7%-38.9pp	10.4%+2.7pp	18.4%+10.3pp	-17.9%	0.2%+3.9pp

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.84), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
MDU Resources Group, Inc. MDU	FY2025	$1.9B	$190.4M	10.2%	$4.1B	42/100
Black Hills Corporation BKH	FY2025	$2.3B	$291.6M	12.6%	$6.2B	59/100
Chesapeake Utilities CPK	FY2025	$930.0M	$140.3M	15.1%	$3.4B	57/100
ONE GAS, INC. OGS	FY2025	N/A	$264.2M	N/A	$4.9B	—
Spire Inc. SR	FY2025	$2.5B	$271.7M	11.0%	$5.1B	43/100
New Jersey Resources Corp NJR	FY2025	$2.0B	$335.6M	16.5%	$5.4B	55/100

Where MDU Resources Group, Inc. Ranks

Frequently Asked Questions

What is MDU Resources Group, Inc.'s annual revenue?

MDU Resources Group, Inc. (MDU) reported $1.9B in total revenue for fiscal year 2025. This represents a 6.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MDU Resources Group, Inc.'s revenue growing?

MDU Resources Group, Inc. (MDU) revenue grew by 6.7% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is MDU Resources Group, Inc. profitable?

Yes, MDU Resources Group, Inc. (MDU) reported a net income of $196.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $190.4M, with a net profit margin of 10.2%.

What is MDU Resources Group, Inc.'s EBITDA?

MDU Resources Group, Inc. (MDU) had EBITDA of $497.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does MDU Resources Group, Inc. have?

As of fiscal year 2025, MDU Resources Group, Inc. (MDU) had $28.2M in cash and equivalents against $2.5B in long-term debt.

What is MDU Resources Group, Inc.'s operating margin?

MDU Resources Group, Inc. (MDU) had an operating margin of 15.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is MDU Resources Group, Inc.'s net profit margin?

MDU Resources Group, Inc. (MDU) had a net profit margin of 10.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does MDU Resources Group, Inc. pay dividends?

Yes, MDU Resources Group, Inc. (MDU) paid $0.54 per share in dividends during fiscal year 2025.

What is MDU Resources Group, Inc.'s return on equity (ROE)?

MDU Resources Group, Inc. (MDU) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MDU Resources Group, Inc.'s free cash flow?

MDU Resources Group, Inc. (MDU) recorded an outflow of $297.0M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is MDU Resources Group, Inc.'s operating cash flow?

MDU Resources Group, Inc. (MDU) generated $473.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MDU Resources Group, Inc.'s total assets?

MDU Resources Group, Inc. (MDU) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are MDU Resources Group, Inc.'s capital expenditures?

MDU Resources Group, Inc. (MDU) invested $770.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does MDU Resources Group, Inc. have outstanding?

MDU Resources Group, Inc. (MDU) had 204M shares outstanding as of fiscal year 2025.

What is MDU Resources Group, Inc.'s current ratio?

MDU Resources Group, Inc. (MDU) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is MDU Resources Group, Inc.'s debt-to-equity ratio?

MDU Resources Group, Inc. (MDU) had a debt-to-equity ratio of 0.91 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is MDU Resources Group, Inc.'s liabilities-to-equity ratio?

MDU Resources Group, Inc. (MDU) had a liabilities-to-equity ratio of 1.75 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is MDU Resources Group, Inc.'s return on assets (ROA)?

MDU Resources Group, Inc. (MDU) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MDU Resources Group, Inc.'s P/E ratio?

MDU Resources Group, Inc. (MDU) trades at 21.1x earnings, its market capitalization divided by $196.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.1B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MDU Resources Group, Inc.'s price-to-sales ratio?

MDU Resources Group, Inc. (MDU) trades at 2.3x sales, its market capitalization divided by $1.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.1B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MDU Resources Group, Inc.'s Altman Z-Score?

MDU Resources Group, Inc. (MDU) has an Altman Z-Score of 1.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is MDU Resources Group, Inc.'s Piotroski F-Score?

MDU Resources Group, Inc. (MDU) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MDU Resources Group, Inc.'s earnings high quality?

MDU Resources Group, Inc. (MDU) has an earnings quality ratio of 2.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MDU Resources Group, Inc. cover its interest payments?

MDU Resources Group, Inc. (MDU) has an interest coverage ratio of 2.69x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is MDU Resources Group, Inc.?

MDU Resources Group, Inc. (MDU) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.