Northwest Natural Holding Company (NWN) vs Pinnacle West Capital Corporation (PNW)
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 September 3, 2026. Differences are shown without an overall score or investment verdict.
NWN
Northwest Natural Holding Company
$49.46UtilitiesDelayed quote: Sep 3, 2026, 3:30 PM EDT
PNW
Pinnacle West Capital Corporation
$98.00UtilitiesDelayed quote: Sep 3, 2026, 3:30 PM EDT
Total return — NWN vs PNW
growth of $100 · dividends reinvested · last 10yNWN +17.3% (+1.6%/yr)PNW +93.5% (+6.8%/yr)PNW compounded faster over this window
NWN PNW
NWN vs PNW: by the numbers
- •PNW is the larger company ($11.88B vs $2.08B market cap).
- •NWN trades at the lower trailing earnings multiple (16.12 vs 18.69 P/E), one valuation lens rather than an overall verdict.
- •PNW converts more revenue to profit (11.52% vs 9.75% net margin).
- •NWN grew revenue faster over the past five years (9.58% vs 8.51% CAGR).
- •NWN pays the higher dividend yield (4.00% vs 3.74%).
Metrics side by side
Valuation
| Metric | NWN | PNW |
|---|---|---|
| P/E ratio | 16.12 | 18.69 |
| Forward P/E | 15.97 | 20.65 |
| P/S ratio | 1.61 | 2.18 |
| P/B ratio | 1.33 | 1.72 |
| EV / EBITDA | 7.78 | 9.54 |
Profitability
| Metric | NWN | PNW |
|---|---|---|
| Gross margin | 45.17% | 25.41% |
| Operating margin | 31.63% | 27.03% |
| Net margin | 9.75% | 11.52% |
| ROE | 8.08% | 9.10% |
| ROIC | 5.11% | 4.17% |
Dividends
| Metric | NWN | PNW |
|---|---|---|
| Dividend yield | 4.00% | 3.74% |
| Payout ratio | 71.12% | 70.68% |
Growth (annualized)
| Metric | NWN | PNW |
|---|---|---|
| Revenue CAGR (5Y) | 9.58% | 8.51% |
| EPS CAGR (5Y) | 3.61% | 1.04% |
| FCF CAGR (5Y) | -24.53% | -32.59% |
| Total return CAGR (5Y) | 3.54% | 9.13% |
Frequently asked
- Which has the lower trailing P/E, NWN or PNW?
- NWN has the lower trailing P/E: NWN trades at 16.12 and PNW at 18.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NWN or PNW?
- Over the past five years, NWN grew revenue faster — NWN at a 9.58% CAGR versus PNW at 8.51%.
- Does NWN or PNW pay a bigger dividend?
- NWN yields 4.00% and PNW yields 3.74% based on trailing dividends and the latest price.
- Is NWN or PNW more profitable?
- PNW runs the higher net margin — NWN at 9.75% versus PNW at 11.52%.
- How have NWN and PNW total returns compared?
- Over the past 10 years, NWN delivered 1.76% and PNW delivered 6.62% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Northwest Natural P/E ratioPinnacle West Capital P/E ratioNorthwest Natural dividend yieldPinnacle West Capital dividend yieldNorthwest Natural ROEPinnacle West Capital ROENorthwest Natural operating marginPinnacle West Capital operating marginNorthwest Natural revenue growthPinnacle West Capital revenue growthNorthwest Natural free cash flowPinnacle West Capital free cash flow
Northwest Natural & Pinnacle West Capital appear in these rankings
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 3, 2026.