NorthWestern Energy Group, Inc. (NWE) EBITDA Margin (2022 - 2026)
NorthWestern Energy (NWE) recorded EBITDA Margin of 33.42% in Q2 2026, down 2.51 percentage points from 35.94% a year earlier and down 2.94 percentage points from the prior quarter.
Powered by 
Analysis
NorthWestern Energy Group, Inc. (NWE) EBITDA Margin (2022 - 2026) Analysis & Trends
On a TTM basis, NorthWestern Energy's EBITDA Margin came in at 34.13% as of Jun 30, 2026, down 4.09 percentage points year-over-year; for FY2025, it came in at 35.72%, down 0.67 percentage points from FY2024.
- Annual EBITDA Margin has a four-year change of +1.97 percentage points (FY2021 to FY2025).
- Across earlier years, EBITDA Margin came in at 36.39% in FY2024 (+0.47 pp), 35.93% in FY2023 (+4.93 pp), 31.00% in FY2022 (-2.75 pp) and 33.75% in FY2021.
- Quarterly EBITDA Margin has ranged from 28.91% in Q3 2022 to 43.78% in Q4 2023 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -1.45 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 12.61 percentage points in Q4 2023, against a drop of 10.38 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 36.37% (Q1 2026), 29.43% (Q4 2025) and 36.98% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.67% |
| Mar 31, 2026 | 36.56% |
| Dec 31, 2025 | 29.68% |
| Sep 30, 2025 | 37.26% |
| Jun 30, 2025 | 36.33% |
| Mar 31, 2025 | 40.31% |
| Dec 31, 2024 | 40.13% |
| Sep 30, 2024 | 36.52% |
| Jun 30, 2024 | 37.41% |
| Mar 31, 2024 | 33.66% |
| Dec 31, 2023 | 44.10% |
| Sep 30, 2023 | 33.99% |
| Jun 30, 2023 | 34.18% |
| Mar 31, 2023 | 33.14% |
| Dec 31, 2022 | 31.47% |
| Sep 30, 2022 | 28.91% |
API Access
NorthWestern Energy Group, Inc. EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NWE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();