KPIs & Operating Metrics(New)

NorthWestern Energy (NWE) FCF Margin (2022 - 2025)

NorthWestern Energy's FCF Margin history spans 4 years, with the latest figure at 22.63% for Q4 2025.

  • For Q4 2025, FCF Margin rose 37.0% year-over-year to 22.63%; the TTM value through Dec 2025 reached 8.07%, up 134.0%, while the annual FY2025 figure was 8.07%, 134.0% up from the prior year.
  • FCF Margin reached 22.63% in Q4 2025 per NWE's latest filing, down from 6.95% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 109.89% in Q3 2023 to a low of 129.54% in Q4 2023.
  • Average FCF Margin over 4 years is 18.31%, with a median of 22.63% recorded in 2025.
  • The largest YoY upside for FCF Margin was 10655bps in 2024 against a maximum downside of -11950bps in 2024.
  • A 4-year view of FCF Margin shows it stood at 115.45% in 2022, then fell by -12bps to 129.54% in 2023, then surged by 82bps to 23.0% in 2024, then grew by 2bps to 22.63% in 2025.
  • Per Business Quant, the three most recent readings for NWE's FCF Margin are 22.63% (Q4 2025), 6.95% (Q3 2025), and 43.4% (Q2 2025).