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Friday 6 November 2026 Export NWE’s income statement to Excel — free account

NorthWestern Corporation

NWE Utilities Utilities Regulated Electric

NorthWestern Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 6.38% from fiscal 2024.

Revenue
+9.51%
EPS
−19.4%
Free cash flow
−5.54%
Total debt
+13.3%

Quarter to September 2026, against a year earlier

81.89 0.11 −0.13%
Market cap
$5.1B
P/E
30.8×
Fwd P/E
23.6×
Dividend yield
3.26%
F-score
6/9
Altman Z
0.86
Beneish M
−2.57
Dividend safety
31/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NorthWestern Corporation (NWE) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, NorthWestern Corporation (NWE) trades at a EV/Sales of 5.0×. Over the past ten years it has ranged from 3.1× (March 2015) to 5.0× (February 2020); the current reading is higher than 100% of that period. That is in line with the Utilities Regulated Electric industry median of 5.0× and above the Utilities sector median of 4.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.5× 8.63%
FY2024 4.1× 0.26%
FY2023 4.1× 2.36%
FY2022 4.0× 0.40%
FY2021 4.0× (10.55%)
FY2020 4.5× (3.89%)
FY2019 4.7× 9.26%
FY2018 4.3× 20.01%
FY2017 3.6× (1.81%)
FY2016 3.6× 1.10%

Quarterly newest first

Period EV/Sales Change
Sep 2026 4.5× (3.16%)
Jun 2026 4.7× 4.46%
Mar 2026 4.5× (0.53%)
Dec 2025 4.5× 4.72%
43 more quarters

Against its own ten years

Low 3.1× High 5.0×
Ten-year median 4.1×
Current reading's percentile 100

EV/Sales against peers

Company EV/Sales
CIG Comp En De Mn Cemig ADS compare 1.0×
KEP Korea Electric Power Corporation compare 1.0×
POR Portland General Electric Company compare 3.0×
PNW Pinnacle West Capital Corporation compare 4.2×
OGE OGE Energy Corporation compare 4.8×
MGEE MGE Energy Inc. compare 5.0×
NWE NorthWestern Corporation 5.0×
TXNM TXNM Energy, Inc. compare 5.1×
IDA IDACORP, Inc. compare 6.5×
Utilities Regulated Electric industry median 5.0×
Utilities sector median 4.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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