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Side-by-side financial comparison of MDU RESOURCES GROUP INC (MDU) and Western Union CO (WU). Click either name above to swap in a different company.

Western Union CO is the larger business by last-quarter revenue ($982.7M vs $522.6M, roughly 1.9× MDU RESOURCES GROUP INC). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs 6.6%, a 8.0% gap on every dollar of revenue. On growth, Western Union CO posted the faster year-over-year revenue change (0.0% vs -1.6%). Over the past eight quarters, Western Union CO's revenue compounded faster (-1.9% 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.

The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

MDU vs WU — Head-to-Head

Bigger by revenue
WU
WU
1.9× larger
WU
$982.7M
$522.6M
MDU
Growing faster (revenue YoY)
WU
WU
+1.6% gap
WU
0.0%
-1.6%
MDU
Higher net margin
MDU
MDU
8.0% more per $
MDU
14.6%
6.6%
WU
Faster 2-yr revenue CAGR
WU
WU
Annualised
WU
-1.9%
-5.7%
MDU

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MDU
MDU
WU
WU
Revenue
$522.6M
$982.7M
Net Profit
$76.3M
$64.7M
Gross Margin
Operating Margin
20.5%
12.5%
Net Margin
14.6%
6.6%
Revenue YoY
-1.6%
0.0%
Net Profit YoY
38.4%
-47.6%
EPS (diluted)
$0.37
$0.41

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
WU
WU
Q1 26
$982.7M
Q4 25
$522.6M
$972.0M
Q3 25
$313.6M
$985.3M
Q2 25
$348.7M
$983.6M
Q1 25
$678.0M
$938.7M
Q4 24
$531.0M
$1.0B
Q3 24
$290.7M
$993.4M
Q2 24
$343.1M
$1.0B
Net Profit
MDU
MDU
WU
WU
Q1 26
$64.7M
Q4 25
$76.3M
$114.4M
Q3 25
$18.3M
$139.6M
Q2 25
$13.8M
$122.1M
Q1 25
$82.0M
$123.5M
Q4 24
$55.2M
$385.7M
Q3 24
$64.6M
$264.8M
Q2 24
$60.4M
$141.0M
Gross Margin
MDU
MDU
WU
WU
Q1 26
Q4 25
33.6%
Q3 25
34.7%
Q2 25
34.6%
Q1 25
34.0%
Q4 24
35.0%
Q3 24
34.2%
Q2 24
35.0%
Operating Margin
MDU
MDU
WU
WU
Q1 26
12.5%
Q4 25
20.5%
19.1%
Q3 25
12.7%
20.5%
Q2 25
8.7%
19.6%
Q1 25
16.6%
18.9%
Q4 24
17.8%
17.5%
Q3 24
12.0%
16.6%
Q2 24
11.5%
18.7%
Net Margin
MDU
MDU
WU
WU
Q1 26
6.6%
Q4 25
14.6%
11.8%
Q3 25
5.8%
14.2%
Q2 25
4.0%
12.4%
Q1 25
12.1%
13.2%
Q4 24
10.4%
37.9%
Q3 24
22.2%
26.7%
Q2 24
17.6%
13.8%
EPS (diluted)
MDU
MDU
WU
WU
Q1 26
$0.41
Q4 25
$0.37
$0.36
Q3 25
$0.09
$0.43
Q2 25
$0.07
$0.37
Q1 25
$0.40
$0.36
Q4 24
$0.26
$1.14
Q3 24
$0.32
$0.78
Q2 24
$0.30
$0.41

Balance Sheet & Financial Strength

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

Metric
MDU
MDU
WU
WU
Cash + ST InvestmentsLiquidity on hand
$28.2M
$909.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.8B
$910.5M
Total Assets
$7.6B
$8.1B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDU
MDU
WU
WU
Q1 26
$909.2M
Q4 25
$28.2M
$1.2B
Q3 25
$75.9M
$947.8M
Q2 25
$58.8M
$1.0B
Q1 25
$59.5M
$1.3B
Q4 24
$66.9M
$1.5B
Q3 24
$88.3M
$1.1B
Q2 24
$78.8M
$1.0B
Total Debt
MDU
MDU
WU
WU
Q1 26
Q4 25
$2.7B
$2.9B
Q3 25
$2.4B
$2.5B
Q2 25
$2.2B
$2.5B
Q1 25
$2.2B
$2.5B
Q4 24
$2.3B
$3.0B
Q3 24
$2.3B
$2.1B
Q2 24
$2.3B
$2.1B
Stockholders' Equity
MDU
MDU
WU
WU
Q1 26
$910.5M
Q4 25
$2.8B
$957.8M
Q3 25
$2.7B
$925.4M
Q2 25
$2.7B
$883.6M
Q1 25
$2.7B
$939.4M
Q4 24
$2.7B
$968.9M
Q3 24
$3.1B
$652.7M
Q2 24
$3.0B
$440.8M
Total Assets
MDU
MDU
WU
WU
Q1 26
$8.1B
Q4 25
$7.6B
$8.3B
Q3 25
$7.2B
$7.8B
Q2 25
$6.9B
$8.0B
Q1 25
$7.0B
$8.3B
Q4 24
$7.0B
$8.4B
Q3 24
$8.2B
$7.7B
Q2 24
$8.0B
$8.0B
Debt / Equity
MDU
MDU
WU
WU
Q1 26
Q4 25
0.97×
3.01×
Q3 25
0.86×
2.70×
Q2 25
0.80×
2.83×
Q1 25
0.80×
2.61×
Q4 24
0.85×
3.04×
Q3 24
0.76×
3.29×
Q2 24
0.75×
4.88×

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
WU
WU
Operating Cash FlowLast quarter
$80.6M
$109.0M
Free Cash FlowOCF − Capex
$-336.0M
FCF MarginFCF / Revenue
-64.3%
Capex IntensityCapex / Revenue
79.7%
4.8%
Cash ConversionOCF / Net Profit
1.06×
1.68×
TTM Free Cash FlowTrailing 4 quarters
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDU
MDU
WU
WU
Q1 26
$109.0M
Q4 25
$80.6M
$135.4M
Q3 25
$57.9M
$260.4M
Q2 25
$117.4M
$-300.0K
Q1 25
$217.5M
$148.2M
Q4 24
$60.5M
$134.0M
Q3 24
$140.2M
$212.1M
Q2 24
$136.5M
$-33.8M
Free Cash Flow
MDU
MDU
WU
WU
Q1 26
Q4 25
$-336.0M
$115.5M
Q3 25
$-121.9M
$252.7M
Q2 25
$36.5M
$-7.8M
Q1 25
$124.4M
$144.8M
Q4 24
$-95.8M
$119.7M
Q3 24
$673.0K
$205.1M
Q2 24
$26.5M
$-38.9M
FCF Margin
MDU
MDU
WU
WU
Q1 26
Q4 25
-64.3%
11.9%
Q3 25
-38.9%
25.6%
Q2 25
10.5%
-0.8%
Q1 25
18.4%
15.4%
Q4 24
-18.0%
11.8%
Q3 24
0.2%
20.6%
Q2 24
7.7%
-3.8%
Capex Intensity
MDU
MDU
WU
WU
Q1 26
4.8%
Q4 25
79.7%
2.0%
Q3 25
57.3%
0.8%
Q2 25
23.2%
0.8%
Q1 25
13.7%
0.4%
Q4 24
29.4%
1.4%
Q3 24
48.0%
0.7%
Q2 24
32.0%
0.5%
Cash Conversion
MDU
MDU
WU
WU
Q1 26
1.68×
Q4 25
1.06×
1.18×
Q3 25
3.16×
1.87×
Q2 25
8.52×
-0.00×
Q1 25
2.65×
1.20×
Q4 24
1.10×
0.35×
Q3 24
2.17×
0.80×
Q2 24
2.26×
-0.24×

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%

WU
WU

Segment breakdown not available.

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