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
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NorthWestern Corporation (NWE) Gross margin
NorthWestern Corporation's gross margin over the twelve months to 30 September 2026 was 0.00%, down 74.6 percentage points from fiscal 2025 (74.6%). Over the past ten years it has ranged from 66.7% (fiscal 2022) to 77.1% (fiscal 2018); the current reading is higher than 82% of that period. That is below the Utilities Regulated Electric industry median of 62.0% and below the Utilities sector median of 58.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 74.6% | 3.22 |
| FY2024 | 71.3% | 0.89 |
| FY2023 | 70.5% | 3.74 |
| FY2022 | 66.7% | (2.28) |
| FY2021 | 69.0% | (5.47) |
| FY2020 | 74.5% | (0.26) |
| FY2019 | 74.7% | (2.39) |
| FY2018 | 77.1% | 8.54 |
| FY2017 | 68.6% | 0.46 |
| FY2016 | 68.1% | (1.18) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 0.00% | (77.12) |
| Jun 2026 | 77.1% | 6.38 |
| Mar 2026 | 70.7% | (2.86) |
| Dec 2025 | 73.6% | (3.93) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IDA IDACORP, Inc. compare | 68.3% |
| TXNM TXNM Energy, Inc. compare | 65.0% |
| OGE OGE Energy Corporation compare | 62.0% |
| PNW Pinnacle West Capital Corporation compare | 61.9% |
| POR Portland General Electric Company compare | 60.2% |
| CIG Comp En De Mn Cemig ADS compare | 15.9% |
| KEP Korea Electric Power Corporation compare | 15.4% |
| MGEE MGE Energy Inc. compare | 0.00% |
| NWE NorthWestern Corporation | 0.00% |
| Utilities Regulated Electric industry median | 62.0% |
| Utilities sector median | 58.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NWE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement