Mdu Resources Group annual operating margin
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2025
Mdu Resources Group Operating Margin Growth & History (MDU)
Mdu Resources Group's operating margin was 15.59% for fiscal 2025.
View full Mdu Resources Group company overviewMdu Resources Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 15.59% | +0.43 pp |
| 2024 | 2024-12-31 | 15.15% | +2.70 pp |
| 2023 | 2023-12-31 | 12.46% | +1.01 pp |
| 2022 | 2022-12-31 | 11.45% | +1.72 pp |
| 2021 | 2021-12-31 | 9.73% | −0.12 pp |
| 2020 | 2020-12-31 | 9.85% | +0.83 pp |
| 2019 | 2019-12-31 | 9.02% | +0.15 pp |
| 2018 | 2018-12-31 | 8.87% | −0.68 pp |
| 2017 | 2017-12-31 | 9.54% | −0.36 pp |
| 2016 | 2016-12-31 | 9.90% | +1.94 pp |
| 2015 | 2015-12-31 | 7.97% | +0.02 pp |
| 2014 | 2014-12-31 | 7.95% | −0.23 pp |
| 2013 | 2013-12-31 | 8.18% | +7.71 pp |
| 2012 | 2012-12-31 | 0.47% | −9.56 pp |
| 2011 | 2011-12-31 | 10.03% | −0.47 pp |
| 2010 | 2010-12-31 | 10.51% | +14.17 pp |
| 2009 | 2009-12-31 | −3.67% | −13.90 pp |
| 2008 | 2008-12-31 | 10.23% | −2.88 pp |
| 2007 | 2007-12-31 | 13.12% | — |
Mdu Resources Group quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.86% | +4.16 pp |
| Q1 2026 | 2026-03-31 | 19.31% | +2.66 pp |
| Q4 2025 | 2025-12-31 | 20.54% | +2.73 pp |
| Q3 2025 | 2025-09-30 | 12.70% | +0.72 pp |
| Q2 2025 | 2025-06-30 | 8.70% | −2.83 pp |
| Q1 2025 | 2025-03-31 | 16.65% | +0.21 pp |
| Q4 2024 | 2024-12-31 | 17.81% | +9.28 pp |
| Q3 2024 | 2024-09-30 | 11.99% | +4.38 pp |
| Q2 2024 | 2024-06-30 | 11.53% | +3.20 pp |
| Q1 2024 | 2024-03-31 | 16.43% | +10.35 pp |
| Q3 2023 | 2023-09-30 | 8.53% | +2.34 pp |
| Q2 2023 | 2023-06-30 | 7.60% | +2.85 pp |
| Q1 2023 | 2023-03-31 | 8.33% | −3.60 pp |
| Q3 2022 | 2022-09-30 | 6.09% | −3.59 pp |
| Q2 2022 | 2022-06-30 | 6.19% | −0.75 pp |
| Q1 2022 | 2022-03-31 | 4.75% | −5.78 pp |
| Q3 2021 | 2021-09-30 | 11.93% | −0.91 pp |
| Q2 2021 | 2021-06-30 | 9.67% | −0.47 pp |
| Q1 2021 | 2021-03-31 | 6.94% | +2.17 pp |
| Q4 2020 | 2020-12-31 | 10.53% | +1.08 pp |
| Q3 2020 | 2020-09-30 | 12.83% | +0.72 pp |
| Q2 2020 | 2020-06-30 | 10.14% | +2.68 pp |
| Q1 2020 | 2020-03-31 | 4.77% | −1.12 pp |
| Q4 2019 | 2019-12-31 | 9.45% | −0.33 pp |
| Q3 2019 | 2019-09-30 | 12.12% | +1.18 pp |
| Q2 2019 | 2019-06-30 | 7.46% | +0.51 pp |
| Q1 2019 | 2019-03-31 | 5.89% | −1.22 pp |
| Q4 2018 | 2018-12-31 | 9.78% | −0.88 pp |
| Q3 2018 | 2018-09-30 | 10.93% | −1.27 pp |
| Q2 2018 | 2018-06-30 | 6.95% | −0.42 pp |
| Q1 2018 | 2018-03-31 | 7.11% | +0.09 pp |
| Q4 2017 | 2017-12-31 | 10.67% | −0.29 pp |
| Q3 2017 | 2017-09-30 | 12.21% | +0.07 pp |
| Q2 2017 | 2017-06-30 | 7.37% | −1.15 pp |
| Q1 2017 | 2017-03-31 | 7.01% | −0.19 pp |
| Q4 2016 | 2016-12-31 | 10.95% | +2.23 pp |
| Q3 2016 | 2016-09-30 | 12.14% | +1.47 pp |
| Q2 2016 | 2016-06-30 | 8.52% | +2.16 pp |
| Q1 2016 | 2016-03-31 | 7.21% | +2.14 pp |
| Q4 2015 | 2015-12-31 | 8.72% | +3.98 pp |
| Q3 2015 | 2015-09-30 | 10.67% | +0.87 pp |
| Q2 2015 | 2015-06-30 | 6.37% | −0.18 pp |
| Q1 2015 | 2015-03-31 | 5.06% | −4.80 pp |
| Q4 2014 | 2014-12-31 | 4.75% | +8.65 pp |
| Q3 2014 | 2014-09-30 | 9.80% | −1.86 pp |
| Q2 2014 | 2014-06-30 | 6.55% | −2.07 pp |
| Q1 2014 | 2014-03-31 | 9.87% | −1.35 pp |
| Q4 2013 | 2013-12-31 | −3.91% | +6.23 pp |
| Q3 2013 | 2013-09-30 | 11.66% | +14.56 pp |
| Q2 2013 | 2013-06-30 | 8.62% | −0.86 pp |
| Q1 2013 | 2013-03-31 | 11.22% | +2.89 pp |
| Q4 2012 | 2012-12-31 | −10.13% | −22.01 pp |
| Q3 2012 | 2012-09-30 | −2.90% | −13.27 pp |
| Q2 2012 | 2012-06-30 | 9.47% | +0.63 pp |
| Q1 2012 | 2012-03-31 | 8.33% | −0.32 pp |
| Q4 2011 | 2011-12-31 | 11.88% | −0.61 pp |
| Q3 2011 | 2011-09-30 | 10.36% | +0.69 pp |
| Q2 2011 | 2011-06-30 | 8.84% | −0.94 pp |
| Q1 2011 | 2011-03-31 | 8.66% | −1.28 pp |
| Q4 2010 | 2010-12-31 | 12.49% | −0.06 pp |
| Q3 2010 | 2010-09-30 | 9.68% | −4.79 pp |
| Q2 2010 | 2010-06-30 | 9.78% | −0.66 pp |
| Q1 2010 | 2010-03-31 | 9.93% | +59.38 pp |
| Q4 2009 | 2009-12-31 | 12.54% | −2.70 pp |
| Q3 2009 | 2009-09-30 | 14.47% | −1.39 pp |
| Q2 2009 | 2009-06-30 | 10.44% | — |
| Q1 2009 | 2009-03-31 | −49.44% | — |
| Q3 2008 | 2008-09-30 | 15.24% | — |
| Q2 2008 | 2008-06-30 | 15.86% | — |
Mdu Resources Group operating margin trends
Over the last five reported fiscal years, Mdu Resources Group's operating margin increased from 9.85% to 15.59%, a change of +5.74 percentage points. The latest reported quarter, Q2 2026, shows 12.86%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mdu Resources Group filings at SEC.gov ↗