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

NorthWestern Corporation (NWE) Return on invested capital

Alert me on Return on invested capital

NorthWestern Corporation's return on invested capital over the twelve months to 30 September 2026 was 3.04%, down 0.3 percentage points from fiscal 2025 (3.32%). Over the past ten years it has ranged from 3.12% (fiscal 2022) to 4.92% (fiscal 2015); the current reading is higher than 27% of that period. That is below the Utilities Regulated Electric industry median of 3.95% and below the Utilities sector median of 3.92%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 3.32% (0.15)
FY2024 3.47% 0.09
FY2023 3.38% 0.26
FY2022 3.12% (0.41)
FY2021 3.53% 0.25
FY2020 3.28% (0.76)
FY2019 4.04% (0.07)
FY2018 4.11% (0.22)
FY2017 4.33% 0.12
FY2016 4.21% (0.71)

Against its own ten years

Low 3.12% High 4.92%
Ten-year median 3.53%
Current reading's percentile 27

Return on invested capital against peers

Company Return on invested capital
KEP Korea Electric Power Corporation compare 6.40%
OGE OGE Energy Corporation compare 4.92%
MGEE MGE Energy Inc. compare 4.69%
PNW Pinnacle West Capital Corporation compare 3.89%
TXNM TXNM Energy, Inc. compare 3.75%
IDA IDACORP, Inc. compare 3.58%
POR Portland General Electric Company compare 3.35%
NWE NorthWestern Corporation 3.04%
CIG Comp En De Mn Cemig ADS compare 0.00%
Utilities Regulated Electric industry median 3.95%
Utilities sector median 3.92%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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