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

Dividend growth 10 yrs

81.89 0.11 −0.13%

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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

NorthWestern Corporation (NWE) P/E ratio

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As of 5 November 2026, NorthWestern Corporation (NWE) trades at a P/E ratio of 30.8×. Over the past ten years it has ranged from 12.0× (March 2020) to 30.8× (November 2026); the current reading is higher than 100% of that period. That is above the Utilities Regulated Electric industry median of 19.5× and above the Utilities sector median of 19.5×.

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<iframe src="https://stockrow.com/embed/NWE/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="NorthWestern Corporation P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NWE/metrics/pe-ratio">NorthWestern Corporation (NWE) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	22.0×	50.29%
FY2024	14.6×	(8.07%)
FY2023	15.9×	(12.84%)
FY2022	18.2×	15.13%
FY2021	15.8×	(16.64%)
FY2020	19.0×	6.27%
FY2019	17.9×	18.47%
FY2018	15.1×	(13.31%)
FY2017	17.4×	4.43%
FY2016	16.7×	(1.70%)

Period	P/E ratio	Change
Sep 2026	25.7×	(0.22%)
Jun 2026	25.8×	6.27%
Mar 2026	24.2×	10.43%
Dec 2025	22.0×	32.59%
43 more quarters	Free account

Against its own ten years

Low 12.0× High 30.8×

Ten-year median 17.0×

Current reading's percentile 100

Company	P/E ratio
KEP Korea Electric Power Corporation compare	2.6×
CIG Comp En De Mn Cemig ADS compare	6.1×
MGEE MGE Energy Inc. compare	18.1×
PNW Pinnacle West Capital Corporation compare	19.0×
OGE OGE Energy Corporation compare	19.0×
POR Portland General Electric Company compare	19.5×
IDA IDACORP, Inc. compare	22.1×
TXNM TXNM Energy, Inc. compare	27.3×
NWE NorthWestern Corporation	30.8×
Utilities Regulated Electric industry median	19.5×
Utilities sector median	19.5×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

NorthWestern Corporation (NWE) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NWE

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NWE

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