NorthWestern Energy (NWE) Debt Ratio (2022 - 2026)

NorthWestern Energy (NWE) posted Debt Ratio of 0.39 for Q1 2026, down 1.53% on a QoQ basis from 0.39 in Q4 2025, and little changed year-over-year from 0.39 in Q1 2025.

NorthWestern Energy (NWE) Debt Ratio (2022 - 2026) Analysis & Trends

NorthWestern Energy's Debt Ratio history runs 5 years deep, the most recent figure standing at 0.39 for Q1 2026.

  • Quarterly Debt Ratio changed 0.33% year-over-year to 0.39 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.39 (changed 0.33% YoY) and the FY2025 annual result came in at 0.39, up 1.74% from the prior year.
  • Debt Ratio was 0.39 for Q1 2026 at NorthWestern Energy, down from 0.39 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.39 in Q4 2025 and bottomed at 0.34 in Q3 2023.
  • A 5-year average of 0.37 and a median of 0.38 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2023 — Debt Ratio dropped 2.98% — and 2025, when it climbed 9.73%.
  • NorthWestern Energy's Debt Ratio stood at 0.38 in 2022, then declined by 2.98% to 0.37 in 2023, then climbed by 5.64% to 0.39 in 2024, then advanced by 1.74% to 0.39 in 2025, then decreased by 1.53% to 0.39 in 2026.
  • Business Quant data shows NWE's Debt Ratio at 0.39 in Q1 2026, 0.39 in Q4 2025, and 0.38 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Fortis 462,782.01 Bn 462,783.29 Bn 1.70 Bn 0.45
2 Dominion Energy 62.80 Bn 67.01 Bn - 0.00
3 Xcel Energy 50.41 Bn 48.65 Bn 4.02 Bn 0.42
4 Wec Energy 37.36 Bn 37.32 Bn 2.04 Bn 0.41
5 Energy Co Of Parana 34.84 Bn 34.18 Bn - 0.07
6 Ameren 31.32 Bn 31.43 Bn - 0.40
7 Edison International 30.65 Bn 30.49 Bn - 0.41
8 Firstenergy 28.61 Bn 29.98 Bn 2.74 Bn 0.49
9 Hydro One 25.14 Bn 25.13 Bn - 0.47
10 NorthWestern Energy 4.46 Bn 4.45 Bn 352.01 Mn 0.39

Historic Data

Download Data
DateValue
Mar 31, 2026 0.39
Dec 31, 2025 0.39
Sep 30, 2025 0.38
Jun 30, 2025 0.38
Mar 31, 2025 0.39
Dec 31, 2024 0.39
Sep 30, 2024 0.37
Jun 30, 2024 0.35
Mar 31, 2024 0.36
Dec 31, 2023 0.37
Sep 30, 2023 0.34
Dec 31, 2022 0.38