MDU MDU Resources Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 50

Gross margin

34.7%

Operating margin

17.1%

EBITDA margin

29.7%

Net margin

10.3%

The MDU Resources Group shows a gross margin of 34.7%, an operating margin of 17.1%, an EBITDA margin of 29.7%, and a net margin of 10.3%. All reported margins improved year over year, led by EBITDA margin with an increase of 3.1 percentage points.

MDU margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MDU Resources Group's margins averaged 47.55% gross, 21.28% operating, 59.74% EBITDA, and 32.23% net. All four current margins are below their three-year averages.

MDU margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by EBITDA margin with an increase of 3.1 percentage points.

Gross margin expansion

2.8pp

Operating margin expansion

2.3pp

EBITDA margin expansion

3.1pp

Net margin expansion

1.3pp

MDU Gross margin

The average gross margin for MDU Resources Group was 47.55% across the past 3 years. The latest gross margin for MDU Resources Group is 34.7%, 12.9 percentage points below its three-year average. The gross margin for MDU Resources Group moved between 28.8% in Dec 2023 and 181.8% in Jun 2024.

MDU Operating margin

MDU Resources Group's operating margin averaged 21.28% over the last 3 years. Compared with its three-year average, MDU Resources Group's current operating margin is 17.1% and is 4.2 percentage points below its three-year average. Over the last 3 years, MDU Resources Group's operating margin peaked at 74.8% in Jun 2024 and reached a low of 12.5% in Dec 2023.

MDU EBITDA margin

Throughout the last 3 years, MDU Resources Group had an average EBITDA margin of 59.74%. Against its three-year average, MDU Resources Group's EBITDA margin is currently 29.7%, 30 percentage points below its three-year average. Looking back over the last 3 years, MDU Resources Group's EBITDA margin reached 297.9% at its highest point in Jun 2024 and 26.6% at its lowest in Sep 2025.

MDU Net margin

Over the last 3 years, MDU Resources Group's net margin averaged 32.23%. The current net margin of 10.3% is 21.9 percentage points below its three-year average. During this period, net margin reached a high of 189.4% in Jun 2024 and a low of 9% in Sep 2025.

MDU margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 34.7%, MDU stands above the Industrials sector average but below the industry and its peers average. Looking at its Industrials sector average of 32.5%, MDU Resources Group's gross margin is 7% higher.

MDU margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is MDU Resources Group's gross margin?

The current gross margin for MDU is 34.7% as of Sep 30, 2026.

What is MDU Resources Group's operating margin?

For the period ending Sep 30, 2026, MDU recorded an operating margin of 17.1%.

What is MDU Resources Group's EBITDA margin?

The current EBITDA margin for MDU is 29.7% as of Sep 30, 2026.

What is MDU Resources Group's net margin?

The current net margin for MDU is 10.3% as of Sep 30, 2026.

What are the average margins of MDU?

MDU Resources Group's gross, operating, EBITDA, and net margins averaged 47.6% gross, 21.3% operating, 59.7% EBITDA, and 32.2% net over the last 3 years.

What are the highest historical margins of MDU?

Looking back across 5 years, MDU reached 181.8% gross in Jun 2024, 74.8% operating in Jun 2024, 297.9% EBITDA in Jun 2024, and 189.4% net in Jun 2024.

What are the lowest historical margins of MDU?

MDU Resources Group's lowest recorded margins during the past 5 years were 15.9% gross in Sep 2022, 4.2% operating in Sep 2022, 17.8% EBITDA in Jun 2022, and 9% net in Sep 2025.