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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

81.89 0.11 −0.13%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NorthWestern Corporation (NWE) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, NorthWestern Corporation (NWE) trades at a P/S ratio of 2.9×. Over the past ten years it has ranged from 1.7× (March 2015) to 3.2× (February 2020); the current reading is higher than 95% of that period. That is in line with the Utilities Regulated Electric industry median of 2.8× and above the Utilities sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.5× 13.64%
FY2024 2.2× (0.26%)
FY2023 2.2× (3.82%)
FY2022 2.3× 4.76%
FY2021 2.2× (12.43%)
FY2020 2.5× (14.40%)
FY2019 2.9× 15.27%
FY2018 2.5× 14.96%
FY2017 2.2× (0.39%)
FY2016 2.2× 3.01%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.4× (6.54%)
Jun 2026 2.6× 5.49%
Mar 2026 2.5× 0.37%
Dec 2025 2.5× 7.30%
43 more quarters

Against its own ten years

Low 1.7× High 3.2×
Ten-year median 2.3×
Current reading's percentile 94

P/S ratio against peers

Company P/S ratio
KEP Korea Electric Power Corporation compare 0.2×
CIG Comp En De Mn Cemig ADS compare 0.6×
POR Portland General Electric Company compare 1.5×
PNW Pinnacle West Capital Corporation compare 2.2×
TXNM TXNM Energy, Inc. compare 2.7×
NWE NorthWestern Corporation 2.9×
OGE OGE Energy Corporation compare 3.1×
MGEE MGE Energy Inc. compare 3.8×
IDA IDACORP, Inc. compare 4.5×
Utilities Regulated Electric industry median 2.8×
Utilities sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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