NWE · Northwestern Energy Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $497.57M | - | $386.95M | $342.71M | $466.63M | - | $345.16M | $319.93M | $475.34M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $46.12M | - | $46.70M | $33.77M | $41.36M | - | $34.92M | $29.95M | $40.45M | - |
| Total Operating Expenses | $383.46M | - | $306.67M | $281.93M | $341.90M | - | $277.23M | $244.88M | $373.26M | - |
| D&A | $66.83M | - | $62.83M | $62.38M | $62.40M | - | $56.95M | $56.93M | $56.74M | - |
| Operating Income | $114.11M | - | $80.28M | $60.79M | $124.73M | - | $67.93M | $45.62M | $102.08M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $13.80M | - | $8.79M | $3.38M | $15.20M | - | ($3.17M) | $2.15M | $10.33M | - |
| Net Income | $63.46M | - | $38.23M | $21.23M | $76.94M | - | $46.82M | $19.12M | $65.09M | - |
| EPS - Basic | $1.03 | - | $0.62 | $0.35 | $1.25 | - | $0.76 | $0.52 | $1.06 | - |
| EPS - Diluted | $1.03 | - | $0.62 | $0.35 | $1.25 | - | $0.76 | $0.32 | $1.06 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.86M | $8.78M | $6.20M | $2.94M | $56.02M | $4.28M | $2.53M | $6.40M | $10.73M | $9.16M |
| Accounts Receivable | $199.28M | $209.75M | $159.06M | $154.92M | $187.49M | $187.76M | $144.19M | $149.50M | $186.93M | $212.26M |
| Inventory | $134.07M | $132.51M | $135.00M | $125.40M | $119.61M | $122.94M | $121.57M | $114.96M | $103.84M | $114.54M |
| Accounts Payable | $121.80M | $129.63M | $93.54M | $93.74M | $88.45M | $111.79M | $93.75M | $91.26M | $96.54M | $124.34M |
| Current Assets | $513.17M | $503.94M | $443.90M | $403.08M | $472.83M | $418.19M | $368.42M | $364.05M | $396.84M | $407.01M |
| Total Assets | $8.58B | $8.46B | $8.30B | $8.14B | $8.10B | $8.00B | $7.85B | $7.71B | $7.63B | $7.60B |
| Current Liabilities | $730.92M | $697.45M | $684.57M | $537.43M | $397.64M | $802.20M | $813.27M | $699.81M | $444.68M | $534.90M |
| Long-term Debt | $3.18B | $3.18B | $3.04B | $3.03B | $3.13B | $2.70B | $2.57B | $2.57B | $2.77B | $2.68B |
| Total Liabilities | $5.67B | $5.57B | $5.42B | $5.26B | $5.21B | $5.14B | $5.04B | $4.91B | $4.82B | $4.82B |
| Stockholders' Equity | $2.91B | $2.89B | $2.88B | $2.88B | $2.90B | $2.86B | $2.82B | $2.81B | $2.81B | $2.79B |
| Retained Earnings | $919.14M | $896.72M | $892.40M | $894.53M | $913.65M | $877.02M | $836.13M | $828.96M | $836.95M | $811.50M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $159.41M | - | - | - | $153.39M | - | - | - | $161.68M | - |
| Investing Cash Flow | ($116.08M) | - | - | - | ($96.71M) | - | - | - | ($109.00M) | - |
| Financing Cash Flow | ($46.47M) | - | - | - | ($5.63M) | - | - | - | ($57.49M) | - |
| CapEx | $116.08M | - | - | - | $92.12M | - | - | - | $108.75M | - |
| Free Cash Flow | $43.33M | - | - | - | $61.27M | - | - | - | $52.92M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 22.9% | - | 20.7% | 17.7% | 26.7% | - | 19.7% | 14.3% | 21.5% | - |
| EBITDA margin | 36.4% | - | 37.0% | 35.9% | 40.1% | - | 36.2% | 32.1% | 33.4% | - |
| Net margin | 12.8% | - | 9.9% | 6.2% | 16.5% | - | 13.6% | 6.0% | 13.7% | - |
| Free cash flow margin | 8.7% | - | - | - | 13.1% | - | - | - | 11.1% | - |
| FCF / Net income | 0.68 | - | - | - | 0.80 | - | - | - | 0.81 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.3% | - | 12.1% | 9.9% | 8.9% | - | 10.1% | 9.4% | 8.5% | - |
| Effective tax rate | 17.9% | - | 18.7% | 13.7% | 16.5% | - | -7.3% | 10.1% | 13.7% | - |
| Return on assets | 0.7% | - | 0.5% | 0.3% | 0.9% | - | 0.6% | 0.2% | 0.9% | - |
| Return on equity | 2.2% | - | 1.3% | 0.7% | 2.7% | - | 1.7% | 0.7% | 2.3% | - |
| Return on invested capital | 1.5% | - | 1.1% | 0.9% | 1.7% | - | 1.3% | 0.8% | 1.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.70 | 0.72 | 0.65 | 0.75 | 1.19 | 0.52 | 0.45 | 0.52 | 0.89 | 0.76 |
| Quick ratio | 0.52 | 0.53 | 0.45 | 0.52 | 0.89 | 0.37 | 0.30 | 0.36 | 0.66 | 0.55 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.14 | 0.01 | 0.00 | 0.01 | 0.02 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | 1.09 | 1.10 | 1.06 | 1.05 | 1.08 | 0.94 | 0.91 | 0.92 | 0.98 | 0.96 |
| Debt / Assets | 0.37 | 0.38 | 0.37 | 0.37 | 0.39 | 0.34 | 0.33 | 0.33 | 0.36 | 0.35 |
| Debt / EBITDA | 17.56 | - | 21.27 | 24.60 | 16.73 | - | 20.56 | 25.06 | 17.42 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.95 | 2.93 | 2.88 | 2.83 | 2.80 | 2.80 | 2.79 | 2.75 | 2.71 | 2.73 |
| Liabilities / Assets | 0.66 | 0.66 | 0.65 | 0.65 | 0.64 | 0.64 | 0.64 | 0.64 | 0.63 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.05 | 0.04 | 0.06 | - | 0.04 | 0.04 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 146d | - | 150d | 165d | 147d | - | 152d | 171d | 144d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 64.0x | - | 94.5x | 146.6x | 46.3x | - | 75.3x | 156.5x | 48.0x | - |
| P / B | 1.4x | - | 1.3x | 1.1x | 1.2x | - | 1.2x | 1.1x | 1.1x | - |
| P / S | 8.2x | - | 9.3x | 9.2x | 7.6x | - | 10.2x | 9.4x | 6.6x | - |
| EV / EBITDA | 40.0x | - | 46.4x | 50.2x | 35.4x | - | 48.7x | 54.2x | 37.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.6% | - | 12.1% | 7.1% | -1.8% | - | 7.5% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -8.5% | - | 18.2% | 33.2% | 22.2% | - | 22.1% | - | - | - |
| Net income growth (YoY) | -17.5% | - | -18.3% | 11.0% | 18.2% | - | 71.1% | - | - | - |
| EPS growth (YoY) | -17.6% | - | -18.4% | 9.4% | 17.9% | - | 61.7% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -29.3% | - | - | - | 15.8% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.4% | 1.0% | 2.3% | 2.6% | 3.0% | 2.6% | 2.8% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$4.49B totalRegulated Electric And Natural Gas Segments$1.61B · 35.9%
Total Revenue$1.27B · 28.3%
Electricity Us Regulated$1.27B · 28.3%
Natural Gas Us Regulated$340.60M · 7.6%
Peer comparison
Same SIC group: Electric & Other Services Combined
Comparing NorthWestern Energy Group against the 5 most active filers in the same SIC group.
Dividends
$2.65/share trailing 12 months · +1.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.6700 |
| Dec 15, 2025 | $0.6600 |
| Sep 15, 2025 | $0.6600 |
| Jun 13, 2025 | $0.6600 |
| Mar 14, 2025 | $0.6600 |
| Dec 13, 2024 | $0.6500 |
| Sep 13, 2024 | $0.6500 |
| Jun 14, 2024 | $0.6500 |
| Mar 14, 2024 | $0.6500 |
| Dec 14, 2023 | $0.6400 |
| Sep 14, 2023 | $0.6400 |
| Jun 14, 2023 | $0.6400 |
| Mar 14, 2023 | $0.6400 |
| Dec 14, 2022 | $0.6300 |
| Sep 14, 2022 | $0.6300 |
| Jun 14, 2022 | $0.6300 |
| Mar 14, 2022 | $0.6300 |
| Dec 14, 2021 | $0.6200 |
| Sep 14, 2021 | $0.6200 |
| Jun 14, 2021 | $0.6200 |
| Mar 12, 2021 | $0.6200 |
| Dec 14, 2020 | $0.6000 |
| Sep 14, 2020 | $0.6000 |
| Jun 12, 2020 | $0.6000 |