NorthWestern Energy (NWE) FCF Margin (2022 - 2026)
NorthWestern Energy's (NWE) quarterly FCF Margin came in at 29.26% in Q2 2026, down 865.0% YoY from 3.82% in Q2 2025, and down 435.97% on a QoQ basis from 8.71% in Q1 2026.
NorthWestern Energy (NWE) FCF Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of FCF Margin data on file, last reported at 29.26% in Q2 2026.
- Quarterly FCF Margin fell 865.0% year-over-year to 29.26% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.36% (down 295.0% YoY) and the FY2025 annual result came in at 8.07%, up 134.0% from the prior year.
- FCF Margin declined to 29.26% in Q2 2026, from 8.71% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 16.96% in Q1 2023 to a low of 30.76% in Q4 2022.
- A 5-year average of 10.9% and a median of 15.97% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin soared 436 bps — and 2026, when it sank 865 bps.
- Tracing NWE's FCF Margin over 5 years: stood at 30.76% in 2022, then gained by 11 bps to 27.36% in 2023, then gained by 16 bps to 23.0% in 2024, then advanced by 2 bps to 22.63% in 2025, then decreased by 29 bps to 29.26% in 2026.
- The last three FCF Margin figures came in at 29.26% (Q2 2026), 8.71% (Q1 2026), and 22.63% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 33.21% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | -59.25% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | -13.08% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | -14.77% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | - |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | -16.10% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | -9.68% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | -29.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -29.26% |
| Mar 31, 2026 | 23.63% |
| Dec 31, 2025 | -110.58% |
| Sep 30, 2025 | 32.32% |
| Jun 30, 2025 | 41.36% |
| Mar 31, 2025 | 13.13% |
| Dec 31, 2024 | -123.29% |
| Sep 30, 2024 | 27.77% |
| Jun 30, 2024 | 25.48% |
| Mar 31, 2024 | 29.57% |
| Dec 31, 2023 | -129.54% |
| Sep 30, 2023 | 30.11% |
| Jun 30, 2023 | 29.39% |
| Mar 31, 2023 | 44.33% |
| Dec 31, 2022 | -123.71% |