Mdu Resources (MDU) Operating Margin (2009 - 2026)
Mdu Resources (MDU) reported Operating Margin of 12.78% for Q2 2026, up 4.14 percentage points from 8.64% a year earlier but down 6.32 percentage points from the prior quarter.
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Analysis
Mdu Resources (MDU) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mdu Resources' Operating Margin came in at 16.98%, up 2.26 percentage points year-over-year; for FY2025, it was 15.49%, up 0.38 percentage points from FY2024.
- Operating Margin has increased for four consecutive years, with a five-year change of +5.64 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 15.11% in FY2024 (+2.64 pp), 12.47% in FY2023 (+0.98 pp), 11.50% in FY2022 (+1.91 pp) and 9.58% in FY2021 (-0.27 pp).
- Five-year quarterly Operating Margin spans a low of 4.75% in Q1 2022 and a high of 20.10% in Q4 2025.
- Year over year, Operating Margin has now increased in each of the last four quarters, with an average year-over-year change of +1.51 percentage points over the last seven quarters.
- The high point for year-over-year Operating Margin in five years was Q1 2024 (a gain of 8.14 percentage points); the low point was Q3 2022 (a drop of 5.84 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.09% (Q1 2026), 20.10% (Q4 2025) and 12.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 30.20% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 7.34% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 22.64% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 20.99% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 21.94% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 27.43% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 36.45% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 40.00% |
| 10 | Mdu Resources | 3.90 Bn | 3.69 Bn | - | 12.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.78% |
| Mar 31, 2026 | 19.09% |
| Dec 31, 2025 | 20.10% |
| Sep 30, 2025 | 12.65% |
| Jun 30, 2025 | 8.64% |
| Mar 31, 2025 | 16.72% |
| Dec 31, 2024 | 17.66% |
| Sep 30, 2024 | 12.03% |
| Jun 30, 2024 | 11.49% |
| Mar 31, 2024 | 16.43% |
| Sep 30, 2023 | 8.45% |
| Jun 30, 2023 | 7.52% |
| Mar 31, 2023 | 8.29% |
| Sep 30, 2022 | 6.09% |
| Jun 30, 2022 | 6.19% |
| Mar 31, 2022 | 4.75% |
| Sep 30, 2021 | 11.93% |
| Jun 30, 2021 | 9.67% |
| Mar 31, 2021 | 6.94% |
| Dec 31, 2020 | 10.53% |
API Access
Mdu Resources Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MDU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();