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MDU Resources Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for MDU Resources Group and similar public comparables like Estithmar Holding, Dubai Investments, CSW Industrials, AZZ and more.
MDU Resources Group Overview
About MDU Resources Group
MDU Resources Group Inc operates in three business segments, which include the electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States. The majority of its revenues is generated from the Natural Gas distribution segment.
Founded
1924
HQ

Employees
2.1K
Website
Sectors
Financials (LTM)
EV
$7B
MDU Resources Group Financials
MDU Resources Group reported last 12-month revenue of $2B and EBITDA of $528M.
In the same LTM period, MDU Resources Group generated $1B in gross profit, $528M in EBITDA, and $195M in net income.
Revenue (LTM)
MDU Resources Group P&L
In the most recent fiscal year, MDU Resources Group reported revenue of $2B and EBITDA of $525M.
MDU Resources Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $612M | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $528M | XXX | $525M | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $195M | XXX | $190M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MDU Resources Group Stock Performance
MDU Resources Group has current market cap of $4B, and enterprise value of $7B.
Market Cap Evolution
MDU Resources Group's stock price is $21.76.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $4B | 0.0% | XXX | XXX | XXX | $0.93 |
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Start Free TrialMDU Resources Group Valuation Multiples
MDU Resources Group trades at 3.7x EV/Revenue multiple, and 13.5x EV/EBITDA.
EV / Revenue (LTM)
MDU Resources Group Financial Valuation Multiples
As of April 20, 2026, MDU Resources Group has market cap of $4B and EV of $7B.
Equity research analysts estimate MDU Resources Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MDU Resources Group has a P/E ratio of 22.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | 13.5x | XXX | 13.5x | XXX | XXX | XXX |
| EV/EBIT | 22.1x | XXX | 22.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.7x | XXX | 11.6x | XXX | XXX | XXX |
| P/E | 22.9x | XXX | 23.4x | XXX | XXX | XXX |
| EV/FCF | (49.0x) | XXX | (35.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MDU Resources Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


MDU Resources Group Margins & Growth Rates
MDU Resources Group's revenue in the last 12 month grew by 7%.
MDU Resources Group's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.
MDU Resources Group's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MDU Resources Group's rule of X is 45% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
MDU Resources Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 45% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MDU Resources Group Public Comps
See public comps and valuation multiples for other Diversified Industrials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MDU Resources Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Estithmar Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Dubai Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| CSW Industrials | XXX | XXX | XXX | XXX | XXX | XXX |
| AZZ | XXX | XXX | XXX | XXX | XXX | XXX |
| Sabancı Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MDU Resources Group M&A Activity
MDU Resources Group acquired XXX companies to date.
Last acquisition by MDU Resources Group was on XXXXXXXX, XXXXX. MDU Resources Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MDU Resources Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialMDU Resources Group Investment Activity
MDU Resources Group invested in XXX companies to date.
MDU Resources Group made its latest investment on XXXXXXXX, XXXXX. MDU Resources Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MDU Resources Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MDU Resources Group
| When was MDU Resources Group founded? | MDU Resources Group was founded in 1924. |
| Where is MDU Resources Group headquartered? | MDU Resources Group is headquartered in United States. |
| How many employees does MDU Resources Group have? | As of today, MDU Resources Group has over 2K employees. |
| Who is the CEO of MDU Resources Group? | MDU Resources Group's CEO is Nicole A. Kivisto. |
| Is MDU Resources Group publicly listed? | Yes, MDU Resources Group is a public company listed on NYSE. |
| What is the stock symbol of MDU Resources Group? | MDU Resources Group trades under MDU ticker. |
| When did MDU Resources Group go public? | MDU Resources Group went public in 1948. |
| Who are competitors of MDU Resources Group? | MDU Resources Group main competitors are Estithmar Holding, Dubai Investments, CSW Industrials, AZZ. |
| What is the current market cap of MDU Resources Group? | MDU Resources Group's current market cap is $4B. |
| What is the current revenue of MDU Resources Group? | MDU Resources Group's last 12 months revenue is $2B. |
| What is the current revenue growth of MDU Resources Group? | MDU Resources Group revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of MDU Resources Group? | Current revenue multiple of MDU Resources Group is 3.7x. |
| Is MDU Resources Group profitable? | Yes, MDU Resources Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MDU Resources Group? | MDU Resources Group's last 12 months EBITDA is $528M. |
| What is MDU Resources Group's EBITDA margin? | MDU Resources Group's last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of MDU Resources Group? | Current EBITDA multiple of MDU Resources Group is 13.5x. |
| What is the current FCF of MDU Resources Group? | MDU Resources Group's last 12 months FCF is ($145M). |
| What is MDU Resources Group's FCF margin? | MDU Resources Group's last 12 months FCF margin is (8%). |
| What is the current EV/FCF multiple of MDU Resources Group? | Current FCF multiple of MDU Resources Group is (49.0x). |
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