NorthWestern Energy (NWE) EBITDA Margin (2022 - 2026)
NorthWestern Energy's (NWE) quarterly EBITDA Margin came in at 16.36% in Q2 2026, down 137.0% on a YoY basis from 44.23% in Q2 2025, and down 28.65% quarter-over-quarter from 22.93% in Q1 2026.
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NorthWestern Energy (NWE) EBITDA Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has reported EBITDA Margin for 5 consecutive years, with 16.36% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA Margin fell 137.0% year-over-year to 16.36%; the trailing twelve-month figure through Jun 2026 stood at 18.84% (down 375.0% YoY), and the FY2025 full-year result was 20.23%, down 113.0% from the prior year.
- EBITDA Margin slipped to 16.36% in Q2 2026 per NWE's latest filing, from 22.93% in the prior quarter.
- Across five years, EBITDA Margin topped out at 28.98% in Q4 2023 and bottomed at 14.41% in Q3 2022.
- Historically, EBITDA Margin has averaged 20.07% across 5 years, with a median of 19.63% in 2022.
- The sharpest annual moves came in 2023 and 2025: EBITDA Margin surged 941 bps in 2023, then sank 1006 bps in 2025.
- Over 5 years, EBITDA Margin stood at 19.57% in 2022, then jumped by 48 bps to 28.98% in 2023, then declined by 15 bps to 24.55% in 2024, then tumbled by 41 bps to 14.49% in 2025, then increased by 13 bps to 16.36% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 16.36%, 22.93%, and 14.49% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 310.56 Bn | 310.56 Bn | 890.00 Mn | 30.20% |
| 2 | Dominion Energy | 57.37 Bn | 56.59 Bn | 3.50 Bn | 7.41% |
| 3 | Xcel Energy | 47.65 Bn | 45.64 Bn | 3.12 Bn | 22.64% |
| 4 | Wec Energy | 34.59 Bn | 34.54 Bn | 1.45 Bn | 20.99% |
| 5 | Ameren | 29.37 Bn | 29.36 Bn | - | 21.94% |
| 6 | Firstenergy | 26.72 Bn | 26.53 Bn | 2.51 Bn | 29.93% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 19.60% |
| 8 | Edison International | 22.20 Bn | 21.96 Bn | 3.29 Bn | 25.06% |
| 9 | Cms Energy | 21.18 Bn | 20.93 Bn | 3.65 Bn | 16.54% |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | 16.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.36% |
| Mar 31, 2026 | 22.93% |
| Dec 31, 2025 | 14.49% |
| Sep 30, 2025 | 20.75% |
| Jun 30, 2025 | 17.74% |
| Mar 31, 2025 | 26.73% |
| Dec 31, 2024 | 24.55% |
| Sep 30, 2024 | 19.68% |
| Jun 30, 2024 | 19.26% |
| Mar 31, 2024 | 21.48% |
| Dec 31, 2023 | 28.98% |
| Sep 30, 2023 | 17.33% |
| Jun 30, 2023 | 15.70% |
| Mar 31, 2023 | 21.13% |
| Dec 31, 2022 | 19.57% |
| Sep 30, 2022 | 14.41% |