NorthWestern Energy (NWE) EV to EBITDA (2022 - 2026)
NorthWestern Energy's (NWE) quarterly EV to EBITDA came in at 68.51 in Q2 2026, up 32.36% on a YoY basis from 51.76 in Q2 2025, and up 93.04% quarter-over-quarter from 35.49 in Q1 2026.
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NorthWestern Energy (NWE) EV to EBITDA (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has reported EV to EBITDA for 5 consecutive years, with 68.51 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA rose 32.36% year-over-year to 68.51; the trailing twelve-month figure through Jun 2026 stood at 13.81 (up 51.52% YoY), and the FY2025 full-year result was 12.14, up 19.88% from the prior year.
- EV to EBITDA improved to 68.51 in Q2 2026 per NWE's latest filing, from 35.49 in the prior quarter.
- Across five years, EV to EBITDA topped out at 74.24 in Q2 2023 and bottomed at 28.03 in Q1 2025.
- Historically, EV to EBITDA has averaged 47.18 across 5 years, with a median of 47.24 in 2025.
- The sharpest annual moves came in 2024 and 2025: EV to EBITDA tumbled 33.02% in 2024, then surged 84.55% in 2025.
- Over 5 years, EV to EBITDA stood at 42.49 in 2022, then fell by 29.11% to 30.13 in 2023, then advanced by 18.52% to 35.7 in 2024, then soared by 84.55% to 65.89 in 2025, then gained by 3.97% to 68.51 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 68.51, 35.49, and 65.89 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn |
| 2 | Dominion Energy | 57.93 Bn | 61.83 Bn | 3.50 Bn |
| 3 | Xcel Energy | 47.28 Bn | 45.27 Bn | 3.12 Bn |
| 4 | Wec Energy | 34.52 Bn | 34.88 Bn | 1.45 Bn |
| 5 | Ameren | 29.47 Bn | 29.59 Bn | - |
| 6 | Firstenergy | 27.06 Bn | 28.36 Bn | 2.51 Bn |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - |
| 8 | Edison International | 21.84 Bn | 21.60 Bn | 3.29 Bn |
| 9 | Cms Energy | 21.46 Bn | 21.85 Bn | 3.65 Bn |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.51 |
| Mar 31, 2026 | 35.49 |
| Dec 31, 2025 | 65.89 |
| Sep 30, 2025 | 44.75 |
| Jun 30, 2025 | 51.76 |
| Mar 31, 2025 | 28.03 |
| Dec 31, 2024 | 35.70 |
| Sep 30, 2024 | 51.60 |
| Jun 30, 2024 | 49.72 |
| Mar 31, 2024 | 30.53 |
| Dec 31, 2023 | 30.13 |
| Sep 30, 2023 | 52.82 |
| Jun 30, 2023 | 74.24 |
| Mar 31, 2023 | 35.90 |
| Dec 31, 2022 | 42.49 |
| Sep 30, 2022 | 57.27 |