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Side-by-side financial comparison of MDU RESOURCES GROUP INC (MDU) and ENERGY FUELS INC (UUUU). Click either name above to swap in a different company.

MDU RESOURCES GROUP INC is the larger business by last-quarter revenue ($522.6M vs $27.1M, roughly 19.3× ENERGY FUELS INC). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs -77.3%, a 91.9% gap on every dollar of revenue. On growth, MDU RESOURCES GROUP INC posted the faster year-over-year revenue change (-1.6% vs -32.1%). Over the past eight quarters, ENERGY FUELS INC's revenue compounded faster (3.2% CAGR vs -5.7%).

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

FuelCell Energy, Inc. is a publicly traded fuel cell company headquartered in Danbury, Connecticut. It designs, manufactures, operates and services power plants based on molten carbonate fuel cells.

MDU vs UUUU — Head-to-Head

Bigger by revenue
MDU
MDU
19.3× larger
MDU
$522.6M
$27.1M
UUUU
Growing faster (revenue YoY)
MDU
MDU
+30.5% gap
MDU
-1.6%
-32.1%
UUUU
Higher net margin
MDU
MDU
91.9% more per $
MDU
14.6%
-77.3%
UUUU
Faster 2-yr revenue CAGR
UUUU
UUUU
Annualised
UUUU
3.2%
-5.7%
MDU

Income Statement — Q4 2025 vs Q4 2025

Metric
MDU
MDU
UUUU
UUUU
Revenue
$522.6M
$27.1M
Net Profit
$76.3M
$-20.9M
Gross Margin
35.0%
Operating Margin
20.5%
-81.6%
Net Margin
14.6%
-77.3%
Revenue YoY
-1.6%
-32.1%
Net Profit YoY
38.4%
36.5%
EPS (diluted)
$0.37
$-0.08

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
MDU
MDU
UUUU
UUUU
Q4 25
$522.6M
$27.1M
Q3 25
$313.6M
$17.7M
Q2 25
$348.7M
$4.2M
Q1 25
$678.0M
$16.9M
Q4 24
$531.0M
$39.9M
Q3 24
$290.7M
$4.0M
Q2 24
$343.1M
$8.7M
Q1 24
$588.2M
$25.4M
Net Profit
MDU
MDU
UUUU
UUUU
Q4 25
$76.3M
$-20.9M
Q3 25
$18.3M
$-16.7M
Q2 25
$13.8M
$-21.8M
Q1 25
$82.0M
$-26.3M
Q4 24
$55.2M
$-33.0M
Q3 24
$64.6M
$-12.1M
Q2 24
$60.4M
$-6.4M
Q1 24
$100.9M
$3.6M
Gross Margin
MDU
MDU
UUUU
UUUU
Q4 25
35.0%
Q3 25
27.8%
Q2 25
13.2%
Q1 25
-7.3%
Q4 24
1.5%
Q3 24
54.4%
Q2 24
57.8%
Q1 24
56.5%
Operating Margin
MDU
MDU
UUUU
UUUU
Q4 25
20.5%
-81.6%
Q3 25
12.7%
-150.6%
Q2 25
8.7%
-621.4%
Q1 25
16.6%
-155.0%
Q4 24
17.8%
-71.6%
Q3 24
12.0%
-294.4%
Q2 24
11.5%
-103.7%
Q1 24
16.4%
7.9%
Net Margin
MDU
MDU
UUUU
UUUU
Q4 25
14.6%
-77.3%
Q3 25
5.8%
-94.5%
Q2 25
4.0%
-517.9%
Q1 25
12.1%
-155.6%
Q4 24
10.4%
-82.6%
Q3 24
22.2%
-298.0%
Q2 24
17.6%
-73.6%
Q1 24
17.2%
14.3%
EPS (diluted)
MDU
MDU
UUUU
UUUU
Q4 25
$0.37
$-0.08
Q3 25
$0.09
$-0.07
Q2 25
$0.07
$-0.10
Q1 25
$0.40
$-0.13
Q4 24
$0.26
$-0.19
Q3 24
$0.32
$-0.07
Q2 24
$0.30
$-0.04
Q1 24
$0.49
$0.02

Balance Sheet & Financial Strength

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

Metric
MDU
MDU
UUUU
UUUU
Cash + ST InvestmentsLiquidity on hand
$28.2M
$64.7M
Total DebtLower is stronger
$2.7B
$675.7M
Stockholders' EquityBook value
$2.8B
$678.4M
Total Assets
$7.6B
$1.4B
Debt / EquityLower = less leverage
0.97×
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDU
MDU
UUUU
UUUU
Q4 25
$28.2M
$64.7M
Q3 25
$75.9M
$94.0M
Q2 25
$58.8M
$71.5M
Q1 25
$59.5M
$73.0M
Q4 24
$66.9M
$38.6M
Q3 24
$88.3M
$47.5M
Q2 24
$78.8M
$24.6M
Q1 24
$72.7M
$54.8M
Total Debt
MDU
MDU
UUUU
UUUU
Q4 25
$2.7B
$675.7M
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Stockholders' Equity
MDU
MDU
UUUU
UUUU
Q4 25
$2.8B
$678.4M
Q3 25
$2.7B
$703.2M
Q2 25
$2.7B
$640.2M
Q1 25
$2.7B
$580.8M
Q4 24
$2.7B
$527.8M
Q3 24
$3.1B
$372.7M
Q2 24
$3.0B
$378.8M
Q1 24
$3.0B
$383.7M
Total Assets
MDU
MDU
UUUU
UUUU
Q4 25
$7.6B
$1.4B
Q3 25
$7.2B
$758.3M
Q2 25
$6.9B
$702.5M
Q1 25
$7.0B
$650.8M
Q4 24
$7.0B
$612.0M
Q3 24
$8.2B
$400.4M
Q2 24
$8.0B
$403.4M
Q1 24
$7.8B
$405.8M
Debt / Equity
MDU
MDU
UUUU
UUUU
Q4 25
0.97×
1.00×
Q3 25
0.86×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.85×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
MDU
MDU
UUUU
UUUU
Operating Cash FlowLast quarter
$80.6M
$-16.2M
Free Cash FlowOCF − Capex
$-336.0M
FCF MarginFCF / Revenue
-64.3%
Capex IntensityCapex / Revenue
79.7%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDU
MDU
UUUU
UUUU
Q4 25
$80.6M
$-16.2M
Q3 25
$57.9M
$-28.5M
Q2 25
$117.4M
$-25.9M
Q1 25
$217.5M
$-18.8M
Q4 24
$60.5M
$-36.0M
Q3 24
$140.2M
$-7.2M
Q2 24
$136.5M
$-9.7M
Q1 24
$165.1M
$8.8M
Free Cash Flow
MDU
MDU
UUUU
UUUU
Q4 25
$-336.0M
Q3 25
$-121.9M
Q2 25
$36.5M
Q1 25
$124.4M
Q4 24
$-95.8M
Q3 24
$673.0K
Q2 24
$26.5M
Q1 24
$48.1M
FCF Margin
MDU
MDU
UUUU
UUUU
Q4 25
-64.3%
Q3 25
-38.9%
Q2 25
10.5%
Q1 25
18.4%
Q4 24
-18.0%
Q3 24
0.2%
Q2 24
7.7%
Q1 24
8.2%
Capex Intensity
MDU
MDU
UUUU
UUUU
Q4 25
79.7%
Q3 25
57.3%
Q2 25
23.2%
Q1 25
13.7%
Q4 24
29.4%
Q3 24
48.0%
Q2 24
32.0%
Q1 24
19.9%
Cash Conversion
MDU
MDU
UUUU
UUUU
Q4 25
1.06×
Q3 25
3.16×
Q2 25
8.52×
Q1 25
2.65×
Q4 24
1.10×
Q3 24
2.17×
Q2 24
2.26×
Q1 24
1.64×
2.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

UUUU
UUUU

Segment breakdown not available.

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