NorthWestern Energy (NWE) FCF Margin (2022 - 2026)
NorthWestern Energy's FCF Margin came in at -29.26% for Q2 2026, down 8.65 percentage points from -20.61% a year earlier and down 37.97 percentage points from the prior quarter.
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Analysis
NorthWestern Energy (NWE) FCF Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NorthWestern Energy reported FCF Margin of -11.36%, down 2.95 percentage points year-over-year; for FY2025, it was -8.07%, up 1.34 percentage points from FY2024.
- FCF Margin carries a four-year change of +7.55 percentage points (FY2021 to FY2025).
- Going back by year, FCF Margin was -9.41% in FY2024 (-3.95 pp), -5.46% in FY2023 (+8.61 pp), -14.07% in FY2022 (+1.55 pp) and -15.62% in FY2021.
- The Q2 2026 figure represents the lowest quarterly FCF Margin since Q4 2022.
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of -0.83 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2024 (a gain of 4.36 percentage points), and the weakest in Q2 2026 (a drop of 8.65 percentage points).
- Business Quant data shows NWE's FCF Margin at 8.71% (Q1 2026), -22.63% (Q4 2025) and -6.95% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 32.94% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | -9.19% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | -18.34% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | -32.70% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | -26.83% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | -10.94% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | -30.63% |
| 10 | NorthWestern Energy | 5.13 Bn | 5.10 Bn | 302.78 Mn | -29.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -29.26% |
| Mar 31, 2026 | 8.71% |
| Dec 31, 2025 | -22.63% |
| Sep 30, 2025 | -6.95% |
| Jun 30, 2025 | -20.61% |
| Mar 31, 2025 | 13.13% |
| Dec 31, 2024 | -23.00% |
| Sep 30, 2024 | -9.62% |
| Jun 30, 2024 | -23.86% |
| Mar 31, 2024 | 11.13% |
| Dec 31, 2023 | -27.36% |
| Sep 30, 2023 | -3.41% |
| Jun 30, 2023 | -15.97% |
| Mar 31, 2023 | 16.96% |
| Dec 31, 2022 | -30.76% |
API Access
NorthWestern Energy FCF Margin 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=fcf-margin&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();