TORVANTA
Other · S&P 500 · data as of 2026-10-05

MDU stock analysis: MDU

MDU (MDU) is an S&P 500 company in Other. It grades weakest on value, profitability and growth.

The model's view of MDU · subscribers

Where MDU ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MDU · updated 2026-10-05 · from prices and SEC filings

MDU price performance

MDU against the S&P 500, one year
+0%+10%+20%+30%S&P 500 +18%MDU +8%2025-09-292026-10-05
Year to date-2.2%S&P 500 +14.5% · behind by 16.7 pts
1 year+8.5%S&P 500 +17.0% · behind by 8.6 pts
3 years+92.9%S&P 500 +89.3% · ahead by 3.7 pts
5 years+85.7%S&P 500 +91.3% · behind by 5.6 pts

Total returns with dividends reinvested.

MDU factor grades

Each grade compares MDU with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 19.7x (industry 20.1x)FCF yield -9.8% (industry 6.0%)
C-GrowthRevenue growth +250% (industry +8%)EPS growth -10% (industry +10%)
C-ProfitabilityOperating margin 17.0% (industry 9.6%)ROIC 5.2% (industry 10.1%)
CMomentum12-month change +8%From 52-wk high -17%

MDU in plain numbers

MDU key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$3.9B
Revenue growth (y/y)+250%
Free-cash-flow yield-9.8%
Dividend yield3.0%
Next earnings (expected)2026-11-05
Valuation measures
Market value$3.9B
Enterprise value$6.5B
P/E (trailing)19.7x
Forward P/E (Torvanta estimate)19.1x
PEG (Torvanta estimate)6.75
Price / sales2.1x
Price / book1.3x
EV / revenue3.5x
EV / EBITDA12.3x
Financial highlights
Revenue, last 12 months$1.8B
Net income, last 12 months$196.7M
EPS, last 12 months (GAAP)$0.95
Operating margin17.0%
Net margin10.7%
Return on equity7.0%
Return on invested capital5.2%
Cash$46.3M
Total debt$2.6B
Debt / equity0.88x
Free cash flow, last 12 months-$386.1M
Interest cover2.6x
Current ratio0.99x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MDU earnings trends

Revenue vs earnings
-$1.6B-$902.8M-$251.7M$399.4M$1.1BSep 2024 Revenue: $1.1BDec 2024 Revenue: -$1.6BMar 2025 Revenue: $674.8MJun 2025 Revenue: $351.2MSep 2025 Revenue: $315.0MDec 2025 Revenue: $534.0MMar 2026 Revenue: $606.0MJun 2026 Revenue: $375.3MSep 2024 Net income: $64.6MDec 2024 Net income: $55.2MMar 2025 Net income: $82.0MJun 2025 Net income: $13.8MSep 2025 Net income: $18.3MDec 2025 Net income: $76.3MMar 2026 Net income: $80.8MJun 2026 Net income: $21.2MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 6.2%Net margin: -3.5%Net margin: 12.1%Net margin: 3.9%Net margin: 5.8%Net margin: 14.3%Net margin: 13.3%Net margin: 5.7%-4%5%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.2$0.3$0.4Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $0.3Mar 2025 EPS (GAAP, diluted): $0.4Jun 2025 EPS (GAAP, diluted): $0.1Sep 2025 EPS (GAAP, diluted): $0.1Dec 2025 EPS (GAAP, diluted): $0.4Mar 2026 EPS (GAAP, diluted): $0.4Jun 2026 EPS (GAAP, diluted): $0.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -72% · Dec 2025 +42% · Mar 2026 -2% · Jun 2026 +43%

From the company's 10-Q and 10-K filings with the SEC.

MDU financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$5.7B$7.0B$5.0B$1.8B$1.9B
Net income$378.1M$367.5M$414.7M$281.1M$190.4M
EPS (GAAP)$1.87$1.82$2.03$1.37$0.93
Free cash flow-$163.6M-$146.5M-$187.1M-$20.5M-$297.0M

MDU earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-06$0.10+43%+7%+2.2%
2026-05-07$0.39-2%-10%+0.3%
2026-02-05$0.37+42%n/a-3.9%
2025-11-06$0.09-72%-70%+7.1%
2025-08-07$0.07-77%-66%-6.3%
2025-05-08$0.40-18%-44%-1.9%

About MDU

HeadquartersBismarck, ND
Industry (SEC code)Natural Gas Distribution
Fiscal year endsDecember 31
Listed onNYSE
FormerlyMDU RESOURCES GROUP INC

From the company's SEC registration record.

Companies similar to MDU

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MDU MDU$3.9B19.7x+250%17.0%+8%
LAZ LAZ$3.9B13.9x+9%11.0%-29%compare
KFY KFY$3.9B13.6x+7%12.9%+6%compare
CVBF CVBF$3.9B15.2xn/an/a+21%compare
SKT SKT$4.0B32.3x+14%n/a+5%
APLE APLE$3.9B22.2x+1%17.9%+48%
VVV VVV$3.9B37.9x+16%15.3%-15%

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Frequently asked questions

Is MDU stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MDU are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MDU's P/E ratio?

MDU trades at about 19.7 times its last 12 months of GAAP earnings reported to the SEC, and about 19.1 times Torvanta's own estimate of the next 12 months.

When does MDU report earnings next?

Based on its filing history, Torvanta expects MDU to report around 2026-11-05.

Does MDU pay a dividend?

Yes. Its dividend yield is about 3.0%, and it has raised its dividend 1 years in a row.

How has MDU performed against the S&P 500?

Over the past year MDU returned +8.5%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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