NorthWestern Energy Group, Inc. (NWE) stock
NWENasdaqElectric & Other Services CombinedFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 3/3054% above fair value
$84.91−0.69 (-0.81%)
Close on Nov 13, 2026Market cap $5.22BP/E 32.0Yield 3.11%
NorthWestern Energy operating margin
Operating margin is operating income as a percentage of revenue.
NorthWestern Energy's operating margin for the twelve months ending Sep 30, 2026 was 18.1%. For fiscal 2025 it was 20.2%, against 21.4% the year before. The highest annual figure on record is 21.4% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.2% | −1.1 |
| FY2024 | Dec 31, 2024 | 21.4% | +0.2 |
| FY2023 | Dec 31, 2023 | 21.1% | +3.3 |
| FY2022 | Dec 31, 2022 | 17.8% | −2.3 |
| FY2021 | Dec 31, 2021 | 20.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 17.6% | −3.1 |
| Q2 FY2026 | Jun 30, 2026 | 16.4% | −1.4 |
| Q1 FY2026 | Mar 31, 2026 | 22.9% | −3.8 |
| Q4 FY2025 | Dec 31, 2025 | 14.5% | −10.1 |
| Q3 FY2025 | Sep 30, 2025 | 20.7% | +1.1 |
| Q2 FY2025 | Jun 30, 2025 | 17.7% | −1.5 |
| Q1 FY2025 | Mar 31, 2025 | 26.7% | +5.3 |
| Q4 FY2024 | Dec 31, 2024 | 24.6% | −4.4 |
| Q3 FY2024 | Sep 30, 2024 | 19.7% | +2.4 |
| Q2 FY2024 | Jun 30, 2024 | 19.3% | +3.6 |
| Q1 FY2024 | Mar 31, 2024 | 21.5% | +0.3 |
| Q4 FY2023 | Dec 31, 2023 | 29.0% | +9.4 |
| Q3 FY2023 | Sep 30, 2023 | 17.3% | +2.9 |
| Q2 FY2023 | Jun 30, 2023 | 15.7% | – |
| Q1 FY2023 | Mar 31, 2023 | 21.1% | – |
| Q4 FY2022 | Dec 31, 2022 | 19.6% | – |
| Q3 FY2022 | Sep 30, 2022 | 14.4% | – |
See a number that looks wrong?