KPIs & Operating Metrics(New)

NorthWestern Energy (NWE) Equity Ratio (2021 - 2025)

NorthWestern Energy (NWE) has disclosed Equity Ratio for 5 consecutive years, with 0.34 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio fell 4.54% year-over-year to 0.34, compared with a TTM value of 0.34 through Dec 2025, down 4.54%, and an annual FY2025 reading of 0.34, down 4.54% over the prior year.
  • Equity Ratio was 0.34 for Q4 2025 at NorthWestern Energy, down from 0.35 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.37 in Q1 2023 and bottomed at 0.34 in Q4 2025.
  • Average Equity Ratio over 5 years is 0.36, with a median of 0.36 recorded in 2024.
  • The sharpest move saw Equity Ratio grew 5.55% in 2022, then decreased 4.54% in 2025.
  • Year by year, Equity Ratio stood at 0.35 in 2021, then increased by 5.55% to 0.36 in 2022, then grew by 0.62% to 0.37 in 2023, then dropped by 2.49% to 0.36 in 2024, then fell by 4.54% to 0.34 in 2025.
  • Business Quant data shows Equity Ratio for NWE at 0.34 in Q4 2025, 0.35 in Q3 2025, and 0.35 in Q2 2025.