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Saturday 17 October 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. 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.

74.72 0.87 +1.18%
Market cap
$4.5B
P/E
26.9×
Fwd P/E
19.2×
Dividend yield
3.57%
F-score
6/9
Altman Z
0.86
Beneish M
−2.57
Dividend safety
31/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

NorthWestern Corporation (NWE) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, NorthWestern Corporation (NWE) trades at a P/E ratio of 26.9×. Over the past ten years it has ranged from 12.0× (March 2020) to 27.1× (October 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 20.0×.

P/E ratio, daily

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Annual newest first

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%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 25.8× 6.27%
Mar 2026 24.2× 10.43%
Dec 2025 22.0× 32.59%
Sep 2025 16.6× 18.77%
42 more quarters

Against its own ten years

Low 12.0× High 27.1×
Ten-year median 17.0×
Current reading's percentile 100

P/E ratio against peers

Company P/E ratio
CEPU Central Puerto S.A. Sponsored ADR compare 4.8×
CIG Comp En De Mn Cemig ADS compare 5.6×
ENIC Enel Chile S.A. compare 10.6×
MGEE MGE Energy Inc. compare 17.8×
POR Portland General Electric Company compare 19.4×
OGE OGE Energy Corporation compare 20.8×
IDA IDACORP, Inc. compare 22.5×
NWE NorthWestern Corporation 26.9×
TXNM TXNM Energy, Inc. compare 32.3×
Utilities Regulated Electric industry median 19.5×
Utilities sector median 20.0×
Market median 18.1×

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 →

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