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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) 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 $327.6M, roughly 1.2× Navios Maritime Partners L.P.). On growth, Northwest Natural Holding Co posted the faster year-over-year revenue change (6.3% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs NWN — Head-to-Head

Bigger by revenue
NWN
NWN
1.2× larger
NWN
$394.2M
$327.6M
NMM
Growing faster (revenue YoY)
NWN
NWN
+10.5% gap
NWN
6.3%
-4.3%
NMM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
NWN
NWN
Revenue
$327.6M
$394.2M
Net Profit
$69.9M
Gross Margin
90.5%
Operating Margin
28.4%
Net Margin
21.4%
Revenue YoY
-4.3%
6.3%
Net Profit YoY
-31.1%
EPS (diluted)
$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
NMM
NMM
NWN
NWN
Q4 25
$394.2M
Q3 25
$164.7M
Q2 25
$327.6M
$236.2M
Q1 25
$494.3M
Q4 24
$370.9M
Q3 24
$136.9M
Q2 24
$342.2M
$211.7M
Q1 24
$433.5M
Net Profit
NMM
NMM
NWN
NWN
Q4 25
Q3 25
$-29.9M
Q2 25
$69.9M
$-2.5M
Q1 25
$87.9M
Q4 24
Q3 24
$-27.2M
Q2 24
$101.5M
$-2.8M
Q1 24
$63.8M
Gross Margin
NMM
NMM
NWN
NWN
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
NWN
NWN
Q4 25
28.4%
Q3 25
-7.5%
Q2 25
11.5%
Q1 25
31.2%
Q4 24
22.9%
Q3 24
-14.1%
Q2 24
7.4%
Q1 24
25.3%
Net Margin
NMM
NMM
NWN
NWN
Q4 25
Q3 25
-18.1%
Q2 25
21.4%
-1.1%
Q1 25
17.8%
Q4 24
Q3 24
-19.8%
Q2 24
29.7%
-1.3%
Q1 24
14.7%
EPS (diluted)
NMM
NMM
NWN
NWN
Q4 25
$1.38
Q3 25
$-0.73
Q2 25
$-0.06
Q1 25
$2.18
Q4 24
$1.12
Q3 24
$-0.71
Q2 24
$-0.07
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
NWN
NWN
Cash + ST InvestmentsLiquidity on hand
$377.0M
$36.7M
Total DebtLower is stronger
$2.0B
$2.4B
Stockholders' EquityBook value
$1.5B
Total Assets
$5.9B
$6.2B
Debt / EquityLower = less leverage
1.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
NWN
NWN
Q4 25
$36.7M
Q3 25
$32.2M
Q2 25
$377.0M
$102.6M
Q1 25
$100.0M
Q4 24
$38.5M
Q3 24
$35.0M
Q2 24
$272.0M
$65.2M
Q1 24
$72.4M
Total Debt
NMM
NMM
NWN
NWN
Q4 25
$2.4B
Q3 25
$2.2B
Q2 25
$2.0B
$2.2B
Q1 25
$2.2B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.4B
$1.6B
Q1 24
$1.6B
Stockholders' Equity
NMM
NMM
NWN
NWN
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.3B
Total Assets
NMM
NMM
NWN
NWN
Q4 25
$6.2B
Q3 25
$5.9B
Q2 25
$5.9B
$5.8B
Q1 25
$5.7B
Q4 24
$5.2B
Q3 24
$4.9B
Q2 24
$5.3B
$4.8B
Q1 24
$4.8B
Debt / Equity
NMM
NMM
NWN
NWN
Q4 25
1.65×
Q3 25
1.56×
Q2 25
1.53×
Q1 25
1.53×
Q4 24
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
NMM
NMM
NWN
NWN
Operating Cash FlowLast quarter
$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
NMM
NMM
NWN
NWN
Q4 25
$3.3M
Q3 25
$-15.9M
Q2 25
$102.2M
Q1 25
$179.6M
Q4 24
$-19.4M
Q3 24
$-26.4M
Q2 24
$121.0M
Q1 24
$125.0M
Free Cash Flow
NMM
NMM
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
NMM
NMM
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
NMM
NMM
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
NMM
NMM
NWN
NWN
Q4 25
Q3 25
Q2 25
Q1 25
2.04×
Q4 24
Q3 24
Q2 24
Q1 24
1.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

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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