NorthWestern Energy (NWE) EBITDA Margin (2022 - 2026)
NorthWestern Energy (NWE) posted EBITDA Margin of 22.93% for Q1 2026, up 58.28% on a QoQ basis from 14.49% in Q4 2025, and down 380.0% year-over-year from 8.19% in Q1 2025.
NorthWestern Energy (NWE) EBITDA Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy's EBITDA Margin history runs 5 years deep, the most recent figure standing at 22.93% for Q1 2026.
- Quarterly EBITDA Margin fell 380.0% year-over-year to 22.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.2% (down 378.0% YoY) and the FY2025 annual result came in at 20.23%, down 113.0% from the prior year.
- EBITDA Margin was 22.93% for Q1 2026 at NorthWestern Energy, up from 14.49% 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.
- A 5-year average of 20.31% and a median of 19.68% in 2024 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2023 — EBITDA Margin jumped 941 bps — and 2025, when it tumbled 1006 bps.
- NorthWestern Energy's 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 soared by 58 bps to 22.93% in 2026.
- Business Quant data shows NWE's EBITDA Margin at 22.93% in Q1 2026, 14.49% in Q4 2025, and 20.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 43.70% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 27.73% |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 18.75% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 28.54% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 24.45% |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 52.79% |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 19.70% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | NorthWestern Energy | 4.46 Bn | 4.45 Bn | 352.01 Mn | 22.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |