Is BKH or NWN cheaper?

On trailing earnings, NWN is cheaper: BKH trades at a 19.80 P/E and NWN at 17.07.

Which has grown faster, BKH or NWN?

Over the past five years, NWN grew revenue faster — BKH at a 4.97% CAGR versus NWN at 9.83%.

Does BKH or NWN pay a bigger dividend?

BKH yields 3.70% and NWN yields 3.88% based on trailing dividends and the latest price.

Is BKH or NWN more profitable?

BKH runs the higher net margin — BKH at 12.61% versus NWN at 9.56%.

Which has been the better investment, BKH or NWN?

Over the past 10-year, BKH delivered the higher annualized total return — BKH at 5.78% versus NWN at 1.82%. Past performance doesn't predict future results.

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

NWN leads on 13 of 16 compared metrics.

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 June 28, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

BKH

Black Hills Corporation

$5.79B

$76.04Utilities

NWN

Northwest Natural Holding Company

$2.14B

$50.83Utilities

Total return — BKH vs NWN

growth of $100 · last 30y

BKH +358.6%NWN +110.3%BKH compounded faster

BKH NWN

BKH vs NWN: by the numbers

•BKH is the larger company ($5.79B vs $2.14B market cap).
•NWN trades at the lower earnings multiple (17.07 vs 19.80 P/E).
•BKH converts more revenue to profit (12.61% vs 9.56% net margin).
•NWN grew revenue faster over the past five years (9.83% vs 4.97% CAGR).
•NWN pays the higher dividend yield (3.88% vs 3.70%).

Which is better, BKH or NWN?

Metric tally: BKH 3 · NWN 13

It depends on what you're optimizing for:

ValueNWN(lower P/E)

GrowthNWN(faster 5Y revenue CAGR)

IncomeNWN(higher dividend yield)

QualityNWN(higher ROIC)

Metrics side by side

Valuation

Metric	BKH	NWN
P/E ratio	19.80	17.07●
Forward P/E	16.49	15.74●
P/S ratio	2.52	1.62●
P/B ratio	1.46	1.32●
PEG ratio	8.50	0.46●
EV / EBITDA	12.65	7.76●

Profitability

Metric	BKH	NWN
Gross margin	35.66%	42.26%●
Operating margin	23.30%	31.35%●
Net margin	12.61%●	9.56%
ROE	7.31%	7.79%●
ROIC	4.63%	5.17%●

Dividends

Metric	BKH	NWN
Dividend yield	3.70%	3.88%●
Payout ratio	70.48%	71.12%

Growth (annualized)

Metric	BKH	NWN
Revenue CAGR (5Y)	4.97%	9.83%●
EPS CAGR (5Y)	1.80%	3.61%●
FCF CAGR (5Y)	20.20%●	-24.53%
Total return CAGR (5Y)	6.47%●	3.48%

Frequently asked

Which is better, BKH or NWN?: It depends on your goal. value: NWN (lower P/E); growth: NWN (faster 5Y revenue CAGR); income: NWN (higher dividend yield); quality: NWN (higher ROIC). Across all compared metrics, NWN leads 13 to 3.
Is BKH or NWN cheaper?: On trailing earnings, NWN is cheaper: BKH trades at a 19.80 P/E and NWN at 17.07.
Which has grown faster, BKH or NWN?: Over the past five years, NWN grew revenue faster — BKH at a 4.97% CAGR versus NWN at 9.83%.
Does BKH or NWN pay a bigger dividend?: BKH yields 3.70% and NWN yields 3.88% based on trailing dividends and the latest price.
Is BKH or NWN more profitable?: BKH runs the higher net margin — BKH at 12.61% versus NWN at 9.56%.
Which has been the better investment, BKH or NWN?: Over the past 10-year, BKH delivered the higher annualized total return — BKH at 5.78% versus NWN at 1.82%. 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 Dividend Aristocrats 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 June 28, 2026.