Which has the lower trailing P/E, BKH or NWN?

NWN has the lower trailing P/E: BKH trades at 17.79 and NWN at 15.40. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, BKH or NWN?

Over the past five years, NWN grew revenue faster — BKH at a 4.57% CAGR versus NWN at 9.58%.

Does BKH or NWN pay a bigger dividend?

BKH yields 3.91% and NWN yields 4.07% based on trailing dividends and the latest price.

Is BKH or NWN more profitable?

BKH runs the higher net margin — BKH at 13.00% versus NWN at 9.75%.

How have BKH and NWN total returns compared?

Over the past 10 years, BKH delivered 5.86% and NWN delivered 1.82% annualized total return. Past performance doesn't predict future results.

Black Hills Corporation (BKH) vs Northwest Natural Holding Company (NWN)

A side-by-side comparison of Black Hills Corporation and Northwest Natural Holding Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

BKH

Black Hills Corporation

$5.36B

$70.46UtilitiesDelayed quote: Sep 25, 2026, 4:00 PM EDT

NWN

Northwest Natural Holding Company

$1.98B

$47.04UtilitiesDelayed quote: Sep 25, 2026, 4:00 PM EDT

Total return — BKH vs NWN

growth of $100 · dividends reinvested · last 10y

BKH +68.6% (+5.4%/yr)NWN +17.7% (+1.6%/yr)BKH compounded faster over this window

BKH NWN

BKH vs NWN: by the numbers

•BKH is the larger company ($5.36B vs $1.98B market cap).
•NWN trades at the lower trailing earnings multiple (15.40 vs 17.79 P/E), one valuation lens rather than an overall verdict.
•BKH converts more revenue to profit (13.00% vs 9.75% net margin).
•NWN grew revenue faster over the past five years (9.58% vs 4.57% CAGR).
•NWN pays the higher dividend yield (4.07% vs 3.91%).

Metrics side by side

Valuation

Metric	BKH	NWN
P/E ratio	17.79	15.40
Forward P/E	16.22	15.26
P/S ratio	2.33	1.53
P/B ratio	1.36	1.27
EV / EBITDA	11.65	7.62

Profitability

Metric	BKH	NWN
Gross margin	42.92%	45.17%
Operating margin	23.79%	31.63%
Net margin	13.00%	9.75%
ROE	7.58%	8.08%
ROIC	4.73%	5.11%

Dividends

Metric	BKH	NWN
Dividend yield	3.91%	4.07%
Payout ratio	70.33%	64.50%

Growth (annualized)

Metric	BKH	NWN
Revenue CAGR (5Y)	4.57%	9.58%
EPS CAGR (5Y)	1.80%	3.61%
FCF CAGR (5Y)	20.20%	-24.53%
Total return CAGR (5Y)	5.34%	4.17%

Frequently asked

Which has the lower trailing P/E, BKH or NWN?: NWN has the lower trailing P/E: BKH trades at 17.79 and NWN at 15.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BKH or NWN?: Over the past five years, NWN grew revenue faster — BKH at a 4.57% CAGR versus NWN at 9.58%.
Does BKH or NWN pay a bigger dividend?: BKH yields 3.91% and NWN yields 4.07% based on trailing dividends and the latest price.
Is BKH or NWN more profitable?: BKH runs the higher net margin — BKH at 13.00% versus NWN at 9.75%.
How have BKH and NWN total returns compared?: Over the past 10 years, BKH delivered 5.86% and NWN delivered 1.82% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BKH analysis Full NWN analysis Interactive comparison tool

Dig into the metrics

Black Hills P/E ratio Northwest Natural P/E ratio Black Hills dividend yield Northwest Natural dividend yield Black Hills ROE Northwest Natural ROE Black Hills operating margin Northwest Natural operating margin Black Hills revenue growth Northwest Natural revenue growth Black Hills free cash flow Northwest Natural free cash flow

Black Hills & Northwest Natural appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.