MDU Resources Group, Inc. (MDU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 606M | 534M | 315.1M | 351.19M | 674.83M | 535.54M | 289.69M | 344.47M | 588.27M | 1.14B | 1B | 1.09B | 1.43B | 1.86B | 1B | 1.01B | 1.42B | 1.44B | 1.59B | 1.42B |
| Revenue Growth % | -10.2% | -0.29% | 8.77% | 1.95% | 14.71% | -52.83% | -71.05% | -68.43% | -58.86% | -38.93% | -0.17% | 8.06% | 0.96% | 28.83% | -36.79% | -29.07% | 15.36% | 4.18% | -0.08% | 4.46% |
| Cost of Goods Sold | 454.5M | 397.8M | 201.5M | 243.84M | 471.95M | 361.7M | 187.16M | 231.24M | 405.94M | 900.32M | 823.59M | 905.89M | 1.19B | 1.54B | 849.39M | 846.76M | 1.2B | 1.2B | 1.27B | 1.16B |
| COGS % of Revenue | 75% | 74.49% | 63.95% | 69.43% | 69.94% | 67.54% | 64.61% | 67.13% | 69.01% | 79.3% | 82.29% | 83.02% | 83.35% | 83.06% | 84.73% | 83.86% | 84.83% | 82.92% | 80.3% | 81.42% |
| Gross Profit | 151.5M | 136.2M | 113.6M | 107.35M | 202.88M | 173.84M | 102.53M | 113.23M | 182.34M | 235M | 177.2M | 185.24M | 238.18M | 314.88M | 153.09M | 162.99M | 214.95M | 246.43M | 312.49M | 264.54M |
| Gross Margin % | 25% | 25.51% | 36.05% | 30.57% | 30.06% | 32.46% | 35.39% | 32.87% | 31% | 20.7% | 17.71% | 16.98% | 16.65% | 16.94% | 15.27% | 16.14% | 15.17% | 17.08% | 19.7% | 18.58% |
| Gross Profit Growth % | -25.33% | -21.65% | 10.8% | -5.19% | 11.27% | -26.03% | -42.14% | -38.87% | -23.45% | -25.37% | 15.75% | 13.65% | 10.81% | 27.77% | -51.01% | -38.39% | -2.92% | -8.12% | -4.23% | 0.84% |
| Operating Expenses | 35.8M | 28.8M | 73.8M | 77.02M | 90.02M | 79.27M | 67.68M | 73.66M | 85.68M | 94.18M | 92.6M | 103.2M | 119.66M | 138.69M | 92.09M | 100.49M | 147.6M | 124.24M | 123.33M | 126.85M |
| OpEx % of Revenue | 5.91% | 5.39% | 23.42% | 21.93% | 13.34% | 14.8% | 23.36% | 21.38% | 14.56% | 8.3% | 9.25% | 9.46% | 8.37% | 7.46% | 9.19% | 9.95% | 10.42% | 8.61% | 7.78% | 8.91% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 693K | 0 | 0 | 0 | 1.42M | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | 0.06% | - | - | - | 0.14% | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 115.7M | 107.4M | 39.8M | 30.33M | 112.86M | 94.57M | 34.85M | 39.57M | 96.66M | 140.82M | 84.6M | 82.03M | 118.52M | 176.19M | 61M | 62.51M | 67.34M | 122.2M | 189.17M | 137.69M |
| Operating Margin % | 19.09% | 20.11% | 12.63% | 8.64% | 16.72% | 17.66% | 12.03% | 11.49% | 16.43% | 12.4% | 8.45% | 7.52% | 8.29% | 9.48% | 6.09% | 6.19% | 4.75% | 8.47% | 11.93% | 9.67% |
| Operating Income Growth % | 2.51% | 13.57% | 14.22% | -23.35% | 16.77% | -32.85% | -58.81% | -51.76% | -18.45% | -20.07% | 38.69% | 31.24% | 76% | 44.19% | -67.75% | -54.6% | -20.93% | -16.24% | -7.14% | -0.41% |
| EBITDA | 169.9M | 158.9M | 91.89M | 82.19M | 164.12M | 145.35M | 84.68M | 89.26M | 146.42M | 195.54M | 137.75M | 135.53M | 170.75M | 256.84M | 112.84M | 89.16M | 147.46M | 198.8M | 264.4M | 211.35M |
| EBITDA Margin % | 28.04% | 29.76% | 29.16% | 23.4% | 24.32% | 27.14% | 29.23% | 25.91% | 24.89% | 17.22% | 13.76% | 12.42% | 11.94% | 13.81% | 11.26% | 8.83% | 10.41% | 13.78% | 16.67% | 14.85% |
| EBITDA Growth % | 3.52% | 9.32% | 8.51% | -7.93% | 12.09% | -25.67% | -38.53% | -34.14% | -14.25% | -23.87% | 22.07% | 52% | 15.79% | 29.2% | -57.32% | -57.81% | -7.19% | -8.87% | -4.13% | 0.76% |
| D&A (Non-Cash Add-back) | 54.2M | 51.5M | 52.09M | 51.85M | 51.26M | 50.79M | 49.84M | 49.69M | 49.77M | 54.72M | 53.15M | 53.5M | 52.23M | 80.65M | 51.84M | 26.66M | 80.12M | 76.6M | 75.23M | 73.66M |
| EBIT | 115.7M | 113.5M | 47.1M | 40.28M | 117.86M | 104.69M | 43.82M | 49.94M | 108.56M | 169.63M | 123.67M | 82.72M | 128.9M | 185.45M | 66.78M | 63.92M | 64.94M | 130.3M | 195.1M | 146.72M |
| Net Interest Income | -32.7M | -29.1M | -26.4M | -25.45M | -26.82M | -23.7M | -27.34M | -28.61M | -28.71M | -31.77M | -32.13M | -26.46M | -23.95M | -34.53M | -20.2M | -19.19M | -25.26M | -23.76M | -23.39M | -23.38M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40K | 0 | 0 |
| Interest Expense | 32.7M | 29.1M | 26.4M | 25.45M | 26.82M | 23.7M | 27.34M | 28.61M | 28.71M | 31.77M | 32.13M | 26.46M | 23.95M | 34.53M | 20.2M | 19.19M | 25.26M | 23.8M | 23.39M | 23.38M |
| Other Income/Expense | -30.1M | -23M | -19.1M | -15.5M | -21.82M | -17.87M | -18.37M | -16.14M | -14.6M | -2.96M | 6.94M | 123.52M | -13.58M | -25.28M | -14.42M | -21.4M | -27.66M | -15.65M | -17.46M | -14.35M |
| Pretax Income | 85.6M | 84.4M | 20.7M | 14.83M | 91.04M | 76.69M | 16.48M | 23.44M | 82.05M | 137.86M | 91.54M | 205.55M | 104.94M | 150.91M | 46.58M | 41.11M | 39.68M | 106.54M | 171.71M | 123.33M |
| Pretax Margin % | 14.13% | 15.81% | 6.57% | 4.22% | 13.49% | 14.32% | 5.69% | 6.8% | 13.95% | 12.14% | 9.15% | 18.84% | 7.34% | 8.12% | 4.65% | 4.07% | 2.8% | 7.38% | 10.83% | 8.66% |
| Income Tax | 4.7M | 8.07M | 2.3M | 655K | 8.57M | 6.2M | 876K | 3.19M | 7.32M | -32.84M | 13.32M | 57.92M | 21.07M | 33.94M | 4.21M | 5.35M | 7.95M | 20.06M | 32.75M | 23.16M |
| Effective Tax Rate % | 5.49% | 9.57% | 11.11% | 4.42% | 9.41% | 8.08% | 5.32% | 13.63% | 8.92% | -23.82% | 14.56% | 28.18% | 20.07% | 22.49% | 9.04% | 13.01% | 20.03% | 18.83% | 19.07% | 18.78% |
| Net Income | 80.8M | 76.3M | 18.4M | 13.78M | 81.97M | 55.16M | 64.61M | 60.44M | 100.9M | 170.73M | 74.93M | 130.69M | 38.35M | 117.09M | 147.97M | 70.67M | 31.76M | 86.53M | 139.28M | 100.19M |
| Net Margin % | 13.33% | 14.29% | 5.84% | 3.92% | 12.15% | 10.3% | 22.3% | 17.54% | 17.15% | 15.04% | 7.49% | 11.98% | 2.68% | 6.3% | 14.76% | 7% | 2.24% | 6% | 8.78% | 7.04% |
| Net Income Growth % | -1.42% | 38.33% | -71.52% | -77.2% | -18.76% | -67.69% | -13.76% | -53.76% | 163.08% | 45.82% | -49.36% | 84.94% | 20.75% | 35.31% | 6.24% | -29.47% | -39.07% | -22.94% | -9.02% | 0.49% |
| Net Income (Continuing) | 80.9M | 76.33M | 18.4M | 14.18M | 82.47M | 70.49M | 15.6M | 20.24M | 74.73M | 170.7M | 78.22M | 147.63M | 83.88M | 116.98M | 42.37M | 35.76M | 31.73M | 86.48M | 138.96M | 100.17M |
| Discontinued Operations | -100K | -100K | -1K | -397K | -502K | -1000K | 1000K | 1000K | 1000K | 34K | -1000K | -1000K | -1000K | 110K | 1000K | 1000K | 30K | 52K | 314K | 19K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.39 | 0.37 | 0.09 | 0.07 | 0.40 | 0.26 | 0.32 | 0.30 | 0.49 | 0.84 | 0.37 | 0.64 | 0.19 | 0.57 | 0.73 | 0.35 | 0.16 | 0.42 | 0.68 | 0.50 |
| EPS Growth % | -2.5% | 42.31% | -71.88% | -77.6% | -18.37% | -69.05% | -13.51% | -53.13% | 157.89% | 47.37% | -49.32% | 82.86% | 18.75% | 35.71% | 7.35% | -30% | -38.46% | -25% | -10.53% | 0% |
| EPS (Basic) | 0.39 | 0.37 | 0.09 | 0.07 | 0.40 | 0.26 | 0.32 | 0.30 | 0.50 | 0.84 | 0.37 | 0.64 | 0.19 | 0.58 | 0.73 | 0.35 | 0.16 | 0.42 | 0.68 | 0.50 |
| Diluted Shares Outstanding | 207M | 205.7M | 205.3M | 205.21M | 204.96M | 204.65M | 204.68M | 204.58M | 204.19M | 204.1M | 203.89M | 203.88M | 203.91M | 203.9M | 203.64M | 203.4M | 203.39M | 203.8M | 203.2M | 201.7M |
| Basic Shares Outstanding | 205.4M | 204.4M | 204.3M | 204.33M | 204.14M | 203.87M | 203.89M | 203.89M | 203.78M | 203.7M | 203.64M | 203.63M | 203.62M | 203.4M | 203.35M | 203.35M | 203.35M | 203.4M | 202.9M | 201.3M |
| Dividend Payout Ratio | 35.41% | 37.49% | 144.36% | 192.77% | 32.34% | 47.18% | 39.48% | 42.2% | 25.67% | 14.91% | 60.47% | 34.67% | 117.97% | 37.77% | 29.89% | 62.59% | 139.25% | - | 30.72% | 42.66% |