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. In the quarter to June 2026, revenue grew 14.6%, EPS grew 17.1%, free cash flow fell 62.6% and total debt rose 13.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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NorthWestern Corporation (NWE) EV/Sales
As of 16 October 2026, NorthWestern Corporation (NWE) trades at a EV/Sales of 4.8×. Over the past ten years it has ranged from 3.1× (March 2015) to 5.0× (February 2020); the current reading is higher than 98% of that period. That is in line with the Utilities Regulated Electric industry median of 4.7× 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 |
|---|---|---|
| Jun 2026 | 4.7× | 4.46% |
| Mar 2026 | 4.5× | (0.53%) |
| Dec 2025 | 4.5× | 4.72% |
| Sep 2025 | 4.3× | 5.25% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CIG Comp En De Mn Cemig ADS compare | 1.2× |
| ENIC Enel Chile S.A. compare | 1.3× |
| CEPU Central Puerto S.A. Sponsored ADR compare | 2.1× |
| POR Portland General Electric Company compare | 2.9× |
| MGEE MGE Energy Inc. compare | 4.7× |
| NWE NorthWestern Corporation | 4.8× |
| OGE OGE Energy Corporation compare | 4.8× |
| TXNM TXNM Energy, Inc. compare | 5.3× |
| IDA IDACORP, Inc. compare | 6.3× |
| Utilities Regulated Electric industry median | 4.7× |
| 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)