NWENasdaqElectric & Other Services CombinedFiscal year ends December 31
NorthWestern Energy Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$74.44−0.28 (-0.37%)
Close on Oct 19, 2026
- Market cap
- $4.60B
- P/E (TTM)
- 26.9
- Dividend yield
- 3.55%
Margins
Share of revenue, fiscal years 2020 to 2025
Operating margin
20.2%
Net margin
11.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.4% | +2.9% | – | – | |
| Operating income | +0.8% | +7.4% | – | – | |
| Net income | -19.2% | -0.4% | – | – | |
| EPS, diluted | -19.5% | -3.3% | – | – | |
| Dividend per share | +1.5% | +1.6% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 6.3% | |
| Return on assets | – | – | 2.2% | |
| Current ratio | – | – | 0.72 | |
| Debt to equity | – | – | 1.19 | |
| Net debt to EBITDA | – | – | 5.96× | |
| Capex to revenue | – | – | 32.6% | |
| Diluted shares | – | – | 62M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NorthWestern Energy generated $1.82B from operations and spent $3.33B on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$1.82B
Used
$3.33B
Capital expenditure$2.59B78%Dividends$742.57M22%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.2%
×Asset turnover0.20×
×Equity multiplier2.87×
=Return on equity, FY20256.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.2% | 0.20× | 2.87× | 6.3% |
| FY2024 | 14.8% | 0.19× | 2.76× | 7.9% |
| FY2023 | 13.7% | 0.19× | 2.74× | 7.1% |
| FY2022 | 12.4% | 0.21× | 2.82× | 7.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$181.09M
- Cash generatingOperating cash flow above zero$394.46M
- Return on assets improvedROA up on the prior year2.9% → 2.3%
- Earnings backed by cashOperating cash flow above net income$394.46M vs $181.09M
- Less leverageLong-term debt to assets fell33.7% → 37.6%
- Better liquidityCurrent ratio rose0.52 → 0.72
- No dilutionShare count did not rise61M → 62M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.20 → 0.20