MDU
MDU Resources Group, Inc.
MDU has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over MDU overall, supported by stronger valuation and stronger modeled upside.
MDU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
MDU's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
MDU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $10.38 | -47% |
| Fair | 15x | $13.52 | -31% |
| Expensive | 19x | $17.53 | -10% |
| Forward | 19x | $19.55 | — |
| Current | 21x | $19.55 | — |
Historical ranges are pointers, not guarantees.
MDU's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
MDU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect MDU's earnings to grow, with its revenue and profitability holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over MDU on the outlook, with more favorable revenue and profitability expectations.
MDU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | +11% |
| Q3 2026 | $0.93 | +13% |
| Q2 2026 | $0.95 | -9.5% |
| Q1 2026 | $0.92 | -28% |
| Q4 2025 | $0.93 | -32% |
| Q3 2025 | $0.82 | -58% |
| Q2 2025 | $1.05 | -47% |
| Q1 2025 | $1.28 | -45% |
| Q4 2024 | $1.37 | -33% |
MDU has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
MDU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $347.7M | +10% |
| Q2 2026 | $375.3M | +6.9% |
| Q1 2026 | $606M | -10% |
| Q4 2025 | $534M | -0.3% |
| Q3 2025 | $315M | -70% |
| Q2 2025 | $351.2M | -66% |
| Q1 2025 | $674.8M | -44% |
| Q4 2024 | $535.5M | -53% |
MDU's revenue is recovering but still below its 2022 peak: $348M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +1 points |
| Q2 2026 | 13% | +4.1 points |
| Q1 2026 | 19% | +2.4 points |
| Q4 2025 | 20% | +2.4 points |
| Q3 2025 | 13% | +4 points |
| Q2 2025 | 8.6% | +0.1 points |
| Q1 2025 | 17% | +5.5 points |
| Q4 2024 | 18% | +5.3 points |
MDU has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over MDU on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
MDU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.3M | +$65.6M |
| Q2 2026 | $15M | -59% |
| Q1 2026 | $56.8M | -54% |
| Q4 2025 | -$336M | -$274.7M |
| Q3 2025 | -$121.9M | -$104.6M |
| Q2 2025 | $36.5M | +90% |
| Q1 2025 | $124.4M | +220% |
| Q4 2024 | -$61.3M | -815% |
MDU has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
MDU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +1M shares |
| 1 year | +3.6% | +7.4M shares |
| 3 years | +4.3% | +8.8M shares |
| 5 years | +4.7% | +9.5M shares |
| Available history | +6.1% | +12.2M shares |
MDU has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $50,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.8M |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
MDU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.3x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.5x | Elevated |
MDU's net debt is about 4.8 years of its operating earnings (EBITDA), up from 4.6 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
MDU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 39.8 | Neutral |
MDU's weekly RSI is 48 (neutral) and its Stochastic is 40 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
MDU PE vs Industrials Sector
| Metric | MDU | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 13% below |
| PE % | 89 | 58 | 31 pts above |
MDU is trading at 21x earnings, a 13% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
MDU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.0 | 2.7% above |
| 20 week MA | $19.7 | 0.9% below |
| 50 week MA | $20.4 | 4.3% below |
| 100 week MA | $19.0 | 3.1% above |
| 200 week MA | $15.8 | 23% above |
MDU has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
MDU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.2 | $9.78 | -12% |
| 2021 | $9.78 | $11.2 | +15% |
| 2022 | $11.2 | $11.6 | +3.1% |
| 2023 | $11.6 | $11.0 | -5.1% |
| 2024 | $11.0 | $18.2 | +66% |
| 2025 | $18.2 | $19.7 | +8.1% |
| 2026 YTD | $19.7 | $19.6 | -0.7% |
MDU has finished higher in four of the last six years. It's down 0.7% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over MDU on returns for 2026, with the stronger performance.