NWE

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NorthWestern Energy Group, Inc.

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Key Metrics

Previous Close: $68.53
52-Week Range: $57.12 – $75.18
Market Cap: $4.26B
P/E (TTM): 25.01
EPS (TTM): 2.77
Dividend Yield: 3.87%

Advanced Metrics

Price/Book: 1.47
PEG Ratio: 2.73
Return on Equity: 5.93%
Return on Assets: 2.48%
Gross Margin: 55.59%
Operating Margin: 17.34%
Profit Margin: 10.13%
Current Ratio: 0.83
Debt/Equity: 1.24
Total Debt: $3.60B
Free Cash Flow: $-242.99M
Revenue Growth: 14.60%
Earnings Growth: 15.70%
Enterprise Value: $7.85B

NWE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.48B	$1.42B	$1.51B	$1.61B
Cost of Revenue	$713.44M	$640.79M	$661.65M	$694.68M
Gross Profit	$764.40M	$781.36M	$852.25M	$915.88M
Selling, General & Admin	$113.78M	$117.36M	$137.44M	$158.24M
Operating Expenses	$501.32M	$480.90M	$528.92M	$590.06M
Operating Income	$263.08M	$300.45M	$323.32M	$325.82M
EBITDA	$477.53M	$526.76M	$573.98M	$587.44M
Pretax Income	$182.40M	$201.67M	$214.67M	$187.56M
Income Tax	-$605.00K	$7.54M	-$9.44M	$6.47M
Net Income	$183.01M	$194.13M	$224.11M	$181.09M
Diluted EPS	3.25	3.22	3.65	2.94
Diluted Shares	56.30M	60.36M	61.40M	61.54M

NWE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$8.49M	$9.16M	$4.28M	$8.78M
Receivables	$244.95M	$212.26M	$187.76M	$209.75M
Inventory	$107.36M	$114.54M	$122.94M	$132.51M
Current Assets	$538.82M	$407.01M	$418.19M	$503.94M
Total Assets	$7.32B	$7.60B	$8.00B	$8.46B
Current Liabilities	$620.85M	$534.90M	$802.20M	$697.45M
Long-Term Debt	$2.47B	$2.68B	$2.70B	$3.18B
Total Debt	$2.63B	$2.79B	$3.10B	$3.44B
Total Liabilities	$4.65B	$4.82B	$5.14B	$5.57B
Retained Earnings	$771.41M	$811.50M	$877.02M	$896.72M
Shareholders' Equity	$2.67B	$2.79B	$2.86B	$2.89B
Working Capital	-$82.02M	-$127.89M	-$384.01M	-$193.51M
Net Debt	$2.61B	$2.78B	$3.09B	$3.43B

NWE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$307.24M	$489.23M	$406.74M	$394.45M
Capital Expenditure	-$515.14M	-$566.89M	-$549.24M	-$524.46M
Free Cash Flow	-$207.90M	-$77.66M	-$142.50M	-$130.00M
Stock-Based Compensation	$5.49M	$5.18M	$4.72M	$6.99M
Investing Cash Flow	-$516.86M	-$570.81M	-$554.46M	-$570.63M
Financing Cash Flow	$213.32M	$84.31M	$151.55M	$177.90M
Dividends Paid	-$140.06M	-$154.05M	-$158.59M	-$161.39M
Net Change in Cash	$3.70M	$2.72M	$3.83M	$1.72M

NWE Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$342.71M	$386.95M	$414.26M	$497.57M	$392.60M
Cost of Revenue	$137.61M	$151.07M	$211.09M	$220.10M	$168.92M
Gross Profit	$205.11M	$235.88M	$203.17M	$277.46M	$223.68M
Selling, General & Admin	$33.77M	$46.70M	$36.40M	$46.12M	$42.36M
Operating Expenses	$144.32M	$155.60M	$143.15M	$163.35M	$159.44M
Operating Income	$60.79M	$80.28M	$60.02M	$114.11M	$64.25M
EBITDA	$123.24M	$148.22M	$124.93M	$184.00M	$135.77M
Pretax Income	$24.61M	$47.02M	$23.79M	$77.25M	$28.46M
Income Tax	$3.38M	$8.79M	-$20.90M	$13.80M	$3.47M
Net Income	$21.23M	$38.23M	$44.69M	$63.46M	$24.99M
Diluted EPS	0.35	0.62	—	1.03	0.40
Diluted Shares	61.48M	61.55M	—	61.46M	62.50M

NWE Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$2.94M	$6.20M	$8.78M	$5.86M	$4.18M
Receivables	$154.92M	$159.06M	$209.75M	$199.28M	$168.78M
Inventory	$125.40M	$135.00M	$132.51M	$134.07M	$145.99M
Current Assets	$403.08M	$443.90M	$503.94M	$513.17M	$481.65M
Total Assets	$8.14B	$8.30B	$8.46B	$8.58B	$8.70B
Current Liabilities	$537.43M	$684.57M	$697.45M	$730.92M	$583.05M
Long-Term Debt	$3.03B	$3.04B	$3.18B	$3.18B	$3.44B
Total Debt	$3.19B	$3.30B	$3.44B	$3.44B	$3.60B
Total Liabilities	$5.26B	$5.42B	$5.57B	$5.67B	$5.81B
Retained Earnings	$894.53M	$892.40M	$896.72M	$919.14M	$903.07M
Shareholders' Equity	$2.88B	$2.88B	$2.89B	$2.91B	$2.90B
Working Capital	-$134.35M	-$240.67M	-$193.51M	-$217.75M	-$101.40M
Net Debt	$3.19B	$3.29B	$3.43B	$3.43B	$3.58B

NWE Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$58.21M	$126.67M	$56.18M	$159.41M	$73.82M
Capital Expenditure	-$128.85M	-$153.56M	-$149.92M	-$116.08M	-$188.69M
Free Cash Flow	-$70.64M	-$26.88M	-$93.74M	$43.33M	-$114.87M
Stock-Based Compensation	$1.88M	$1.88M	$933.00K	$2.04M	$2.04M
Investing Cash Flow	-$130.05M	-$191.81M	-$152.07M	-$116.08M	-$189.76M
Financing Cash Flow	$18.32M	$69.06M	$96.15M	-$46.47M	$113.44M
Dividends Paid	-$40.35M	-$40.36M	-$40.37M	-$41.04M	-$41.06M
Net Change in Cash	-$53.52M	$3.93M	$264.00K	-$3.13M	-$2.50M

Market Snapshot

About

NorthWestern Energy Group, Inc. is a regulated utility providing electric and natural gas service to customers across Montana, South Dakota, and Nebraska, with a focus on reliability and sustainable energy infrastructure.