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% YoY from 44.23% in Q2 2025, and down 28.65% on a QoQ basis from 22.93% in Q1 2026.
NorthWestern Energy (NWE) EBITDA Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of EBITDA Margin data on file, last reported at 16.36% in Q2 2026.
- Quarterly EBITDA Margin fell 137.0% year-over-year to 16.36% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 18.84% (down 375.0% YoY) and the FY2025 annual result came in at 20.23%, down 113.0% from the prior year.
- EBITDA Margin declined to 16.36% in Q2 2026, from 22.93% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 28.98% in Q4 2023 to a low of 14.41% in Q3 2022.
- A 5-year average of 20.07% and a median of 19.63% in 2022 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2023 — EBITDA Margin jumped 941 bps — and 2025, when it plunged 1006 bps.
- Tracing NWE's EBITDA Margin over 5 years: stood at 19.57% in 2022, then surged by 48 bps to 28.98% in 2023, then slipped by 15 bps to 24.55% in 2024, then sank by 41 bps to 14.49% in 2025, then climbed by 13 bps to 16.36% in 2026.
- The last three EBITDA Margin figures came in at 16.36% (Q2 2026), 22.93% (Q1 2026), and 14.49% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 7.41% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 22.64% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 20.99% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 21.94% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 25.06% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 48.55% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 29.93% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | 16.36% |
Historic Data
Download 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% |