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Side-by-side financial comparison of Kosmos Energy Ltd. (KOS) and Northwest Natural Holding Co (NWN). Click either name above to swap in a different company.

Northwest Natural Holding Co is the larger business by last-quarter revenue ($394.2M vs $294.6M, roughly 1.3× Kosmos Energy Ltd.). On growth, Northwest Natural Holding Co posted the faster year-over-year revenue change (6.3% vs -25.9%). Over the past eight quarters, Northwest Natural Holding Co's revenue compounded faster (-4.6% CAGR vs -16.5%).

Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western ...

NW Natural, formerly Northwest Natural Gas Company, is an American publicly traded utility headquartered in Portland, Oregon, United States. Primarily a natural gas distributor, the company services residential, commercial, and industrial customers in Western Oregon and Southwest Washington in the Pacific Northwest. NW Natural also owns water utilities. Founded in 1859, the company has approximately 800,000 customers and revenues of over $1 billion annually.

KOS vs NWN — Head-to-Head

Bigger by revenue
NWN
NWN
1.3× larger
NWN
$394.2M
$294.6M
KOS
Growing faster (revenue YoY)
NWN
NWN
+32.2% gap
NWN
6.3%
-25.9%
KOS
Faster 2-yr revenue CAGR
NWN
NWN
Annualised
NWN
-4.6%
-16.5%
KOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KOS
KOS
NWN
NWN
Revenue
$294.6M
$394.2M
Net Profit
Gross Margin
Operating Margin
-125.7%
28.4%
Net Margin
Revenue YoY
-25.9%
6.3%
Net Profit YoY
EPS (diluted)
$-0.80
$1.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KOS
KOS
NWN
NWN
Q4 25
$294.6M
$394.2M
Q3 25
$311.0M
$164.7M
Q2 25
$392.6M
$236.2M
Q1 25
$290.1M
$494.3M
Q4 24
$397.6M
$370.9M
Q3 24
$407.8M
$136.9M
Q2 24
$447.8M
$211.7M
Q1 24
$422.3M
$433.5M
Net Profit
KOS
KOS
NWN
NWN
Q4 25
Q3 25
$-124.3M
$-29.9M
Q2 25
$-87.7M
$-2.5M
Q1 25
$-110.6M
$87.9M
Q4 24
Q3 24
$45.0M
$-27.2M
Q2 24
$59.8M
$-2.8M
Q1 24
$91.7M
$63.8M
Operating Margin
KOS
KOS
NWN
NWN
Q4 25
-125.7%
28.4%
Q3 25
-34.2%
-7.5%
Q2 25
-16.2%
11.5%
Q1 25
-32.4%
31.2%
Q4 24
-8.5%
22.9%
Q3 24
26.1%
-14.1%
Q2 24
30.2%
7.4%
Q1 24
33.6%
25.3%
Net Margin
KOS
KOS
NWN
NWN
Q4 25
Q3 25
-40.0%
-18.1%
Q2 25
-22.3%
-1.1%
Q1 25
-38.1%
17.8%
Q4 24
Q3 24
11.0%
-19.8%
Q2 24
13.3%
-1.3%
Q1 24
21.7%
14.7%
EPS (diluted)
KOS
KOS
NWN
NWN
Q4 25
$-0.80
$1.38
Q3 25
$-0.26
$-0.73
Q2 25
$-0.18
$-0.06
Q1 25
$-0.23
$2.18
Q4 24
$0.00
$1.12
Q3 24
$0.09
$-0.71
Q2 24
$0.12
$-0.07
Q1 24
$0.19
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KOS
KOS
NWN
NWN
Cash + ST InvestmentsLiquidity on hand
$91.5M
$36.7M
Total DebtLower is stronger
$3.1B
$2.4B
Stockholders' EquityBook value
$528.6M
$1.5B
Total Assets
$4.7B
$6.2B
Debt / EquityLower = less leverage
5.78×
1.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOS
KOS
NWN
NWN
Q4 25
$91.5M
$36.7M
Q3 25
$64.0M
$32.2M
Q2 25
$51.7M
$102.6M
Q1 25
$49.8M
$100.0M
Q4 24
$85.0M
$38.5M
Q3 24
$51.6M
$35.0M
Q2 24
$173.8M
$65.2M
Q1 24
$254.3M
$72.4M
Total Debt
KOS
KOS
NWN
NWN
Q4 25
$3.1B
$2.4B
Q3 25
$3.0B
$2.2B
Q2 25
$2.9B
$2.2B
Q1 25
$2.2B
Q4 24
$2.7B
$1.7B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Stockholders' Equity
KOS
KOS
NWN
NWN
Q4 25
$528.6M
$1.5B
Q3 25
$898.8M
$1.4B
Q2 25
$1.0B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$1.2B
$1.4B
Q3 24
$1.2B
$1.4B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.3B
Total Assets
KOS
KOS
NWN
NWN
Q4 25
$4.7B
$6.2B
Q3 25
$5.1B
$5.9B
Q2 25
$5.2B
$5.8B
Q1 25
$5.3B
$5.7B
Q4 24
$5.3B
$5.2B
Q3 24
$5.5B
$4.9B
Q2 24
$5.4B
$4.8B
Q1 24
$5.4B
$4.8B
Debt / Equity
KOS
KOS
NWN
NWN
Q4 25
5.78×
1.65×
Q3 25
3.31×
1.56×
Q2 25
2.80×
1.53×
Q1 25
1.53×
Q4 24
2.29×
1.23×
Q3 24
1.16×
Q2 24
1.17×
Q1 24
1.17×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KOS
KOS
NWN
NWN
Operating Cash FlowLast quarter
$35.3M
$3.3M
Free Cash FlowOCF − Capex
$-131.0M
FCF MarginFCF / Revenue
-33.2%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-197.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOS
KOS
NWN
NWN
Q4 25
$35.3M
$3.3M
Q3 25
$-27.6M
$-15.9M
Q2 25
$127.2M
$102.2M
Q1 25
$-888.0K
$179.6M
Q4 24
$175.7M
$-19.4M
Q3 24
$6.3M
$-26.4M
Q2 24
$223.7M
$121.0M
Q1 24
$272.6M
$125.0M
Free Cash Flow
KOS
KOS
NWN
NWN
Q4 25
$-131.0M
Q3 25
$-125.9M
Q2 25
$-18.3M
Q1 25
$77.4M
Q4 24
$-119.6M
Q3 24
$-121.7M
Q2 24
$4.3M
Q1 24
$42.8M
FCF Margin
KOS
KOS
NWN
NWN
Q4 25
-33.2%
Q3 25
-76.4%
Q2 25
-7.8%
Q1 25
15.7%
Q4 24
-32.2%
Q3 24
-88.9%
Q2 24
2.0%
Q1 24
9.9%
Capex Intensity
KOS
KOS
NWN
NWN
Q4 25
34.1%
Q3 25
66.8%
Q2 25
51.0%
Q1 25
20.7%
Q4 24
27.0%
Q3 24
69.6%
Q2 24
55.1%
Q1 24
19.0%
Cash Conversion
KOS
KOS
NWN
NWN
Q4 25
Q3 25
Q2 25
Q1 25
2.04×
Q4 24
Q3 24
0.14×
Q2 24
3.74×
Q1 24
2.97×
1.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KOS
KOS

Ghana Segment$134.6M46%
Gulf Of America$80.7M27%
Mauritania And Senegal$54.9M19%
Equatorial Guinea Segment$24.3M8%

NWN
NWN

NWN Gas Utility$341.4M87%
Alternativerevenue$27.2M7%
Si Energy Gas Utility$20.0M5%
NW Natural Other$6.9M2%

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