NorthWestern Energy Group, Inc. (NWE) EV to EBITDA (2023 - 2026)
NorthWestern Energy's EV to EBITDA came in at 7.63 for Q2 2026, up 41.5% from 5.39 a year earlier and up 7.2% from the prior quarter.
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NorthWestern Energy Group, Inc. (NWE) EV to EBITDA (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NorthWestern Energy reported EV to EBITDA of 7.59, up 43.7% year-over-year; for FY2025, it came in at 6.87, up 15.7% from FY2024.
- Going back by year, EV to EBITDA was 5.94 in FY2024 (-2.3%), 6.08 in FY2023 (-21.2%), 7.72 in FY2022 (+21.1%) and 6.38 in FY2021.
- The Q2 2026 figure represents the highest quarterly EV to EBITDA in data going back to Q2 2023.
- Year-over-year, EV to EBITDA has increased for three consecutive quarters, with growth averaging 8.5% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2026 (growth of 41.5%), and the weakest in Q2 2024 (a decline of 20.3%).
- Business Quant data shows NWE's EV to EBITDA at 7.12 (Q1 2026), 6.87 (Q4 2025) and 5.97 (Q3 2025) in the three quarters before Q2 2026.
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.57 |
| Mar 31, 2026 | 7.06 |
| Dec 31, 2025 | 6.82 |
| Sep 30, 2025 | 5.92 |
| Jun 30, 2025 | 5.35 |
| Mar 31, 2025 | 5.99 |
| Dec 31, 2024 | 5.89 |
| Sep 30, 2024 | 6.23 |
| Jun 30, 2024 | 5.61 |
| Mar 31, 2024 | 5.93 |
| Dec 31, 2023 | 6.02 |
| Sep 30, 2023 | 5.96 |
| Jun 30, 2023 | 7.05 |
API Access
NorthWestern Energy Group, Inc. EV to EBITDA 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=ev-to-ebitda&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();