Is NWN or PNW cheaper?

On trailing earnings, NWN is cheaper: NWN trades at a 17.07 P/E and PNW at 20.16.

Which has grown faster, NWN or PNW?

Over the past five years, NWN grew revenue faster — NWN at a 9.83% CAGR versus PNW at 8.55%.

Does NWN or PNW pay a bigger dividend?

NWN yields 3.88% and PNW yields 3.37% based on trailing dividends and the latest price.

Is NWN or PNW more profitable?

PNW runs the higher net margin — NWN at 9.56% versus PNW at 11.99%.

Which has been the better investment, NWN or PNW?

Over the past 10-year, PNW delivered the higher annualized total return — NWN at 1.82% versus PNW at 7.46%. Past performance doesn't predict future results.

Northwest Natural Holding Company (NWN) vs Pinnacle West Capital Corporation (PNW)

NWN leads on 13 of 16 compared metrics.

A side-by-side comparison of Northwest Natural Holding Company and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 29, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

NWN

Northwest Natural Holding Company

$2.14B

$50.83Utilities

PNW

Pinnacle West Capital Corporation

$13.10B

$108.08Utilities

Total return — NWN vs PNW

growth of $100 · last 30y

NWN +110.3%PNW +264.8%PNW compounded faster

NWN PNW

NWN vs PNW: by the numbers

•PNW is the larger company ($13.10B vs $2.14B market cap).
•NWN trades at the lower earnings multiple (17.07 vs 20.16 P/E).
•PNW converts more revenue to profit (11.99% vs 9.56% net margin).
•NWN grew revenue faster over the past five years (9.83% vs 8.55% CAGR).
•NWN pays the higher dividend yield (3.88% vs 3.37%).

Which is better, NWN or PNW?

Metric tally: NWN 13 · PNW 3

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	NWN	PNW
P/E ratio	17.07●	20.16
Forward P/E	15.74●	19.48
P/S ratio	1.62●	2.45
P/B ratio	1.32●	1.89
PEG ratio	0.46●	19.39
EV / EBITDA	7.76●	11.58

Profitability

Metric	NWN	PNW
Gross margin	42.26%●	25.41%
Operating margin	31.35%●	27.54%
Net margin	9.56%	11.99%●
ROE	7.79%	9.25%●
ROIC	5.17%●	3.18%

Dividends

Metric	NWN	PNW
Dividend yield	3.88%●	3.37%
Payout ratio	71.12%	70.68%

Growth (annualized)

Metric	NWN	PNW
Revenue CAGR (5Y)	9.83%●	8.55%
EPS CAGR (5Y)	3.61%●	1.04%
FCF CAGR (5Y)	-24.53%●	-32.59%
Total return CAGR (5Y)	3.48%	10.24%●

Frequently asked

Which is better, NWN or PNW?: 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 NWN or PNW cheaper?: On trailing earnings, NWN is cheaper: NWN trades at a 17.07 P/E and PNW at 20.16.
Which has grown faster, NWN or PNW?: Over the past five years, NWN grew revenue faster — NWN at a 9.83% CAGR versus PNW at 8.55%.
Does NWN or PNW pay a bigger dividend?: NWN yields 3.88% and PNW yields 3.37% based on trailing dividends and the latest price.
Is NWN or PNW more profitable?: PNW runs the higher net margin — NWN at 9.56% versus PNW at 11.99%.
Which has been the better investment, NWN or PNW?: Over the past 10-year, PNW delivered the higher annualized total return — NWN at 1.82% versus PNW at 7.46%. Past performance doesn't predict future results.

Go deeper

Full NWN analysis Full PNW analysis Interactive comparison tool

Dig into the metrics

Northwest Natural P/E ratio Pinnacle West Capital P/E ratio Northwest Natural dividend yield Pinnacle West Capital dividend yield Northwest Natural ROE Pinnacle West Capital ROE Northwest Natural operating margin Pinnacle West Capital operating margin Northwest Natural revenue growth Pinnacle West Capital revenue growth Northwest Natural free cash flow Pinnacle West Capital free cash flow

Northwest Natural & Pinnacle West Capital appear in these rankings

Highest Dividend Yield Stocks 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 29, 2026.