stockrowNorthWestern 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) Net margin
NorthWestern Corporation's net margin over the twelve months to 30 September 2026 was 9.48%, down 1.8 percentage points from fiscal 2025 (11.2%). Over the past ten years it has ranged from 11.2% (fiscal 2025) to 16.5% (fiscal 2018) — the current reading is the lowest in ten years. That is below the Utilities Regulated Electric industry median of 13.5% and below the Utilities sector median of 11.6%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 11.2% | (3.56) |
| FY2024 | 14.8% | 1.15 |
| FY2023 | 13.7% | 1.27 |
| FY2022 | 12.4% | (1.23) |
| FY2021 | 13.6% | 0.66 |
| FY2020 | 13.0% | (3.12) |
| FY2019 | 16.1% | (0.45) |
| FY2018 | 16.5% | 4.06 |
| FY2017 | 12.5% | (0.60) |
| FY2016 | 13.1% | 0.61 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 7.25% | 0.88 |
| Jun 2026 | 6.37% | (6.38) |
| Mar 2026 | 12.8% | 1.96 |
| Dec 2025 | 10.8% | 0.91 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| MGEE MGE Energy Inc. compare | 20.6% |
| IDA IDACORP, Inc. compare | 19.9% |
| OGE OGE Energy Corporation compare | 16.4% |
| PNW Pinnacle West Capital Corporation compare | 11.6% |
| CIG Comp En De Mn Cemig ADS compare | 10.4% |
| TXNM TXNM Energy, Inc. compare | 9.85% |
| NWE NorthWestern Corporation | 9.48% |
| KEP Korea Electric Power Corporation compare | 8.11% |
| POR Portland General Electric Company compare | 7.68% |
| Utilities Regulated Electric industry median | 13.5% |
| Utilities sector median | 11.6% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on NWE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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