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

81.33 0.69 −0.84%
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

NorthWestern Corporation (NWE) Gross margin

Alert me on 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

Against its own ten years

Low 66.7% High 77.1%
Ten-year median 70.5%
Current reading's percentile 82

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

The full definition of Gross margin →

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