NorthWestern Energy Group, Inc. (NWE) Gross Margin (2022 - 2026)
NorthWestern Energy (NWE) reported Gross Margin of 77.12% for Q2 2026, down 0.92 percentage points from 78.04% a year earlier but up 6.38 percentage points from the prior quarter.
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NorthWestern Energy Group, Inc. (NWE) Gross Margin (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NorthWestern Energy's Gross Margin came in at 74.48%, up 0.40 percentage points year-over-year; for FY2025, it came in at 74.56%, up 3.21 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a four-year change of +5.57 percentage points (FY2021 to FY2025).
- By year, Gross Margin came in at 71.34% in FY2024 (+0.90 pp), 70.45% in FY2023 (+3.74 pp), 66.71% in FY2022 (-2.28 pp) and 68.99% in FY2021.
- Five-year quarterly Gross Margin spans a low of 63.24% in Q1 2024 and a high of 78.04% in Q2 2025.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +1.87 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 8.38 percentage points); the low point was Q4 2025 (a drop of 1.03 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 70.74% (Q1 2026), 73.60% (Q4 2025) and 77.53% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.12% |
| Mar 31, 2026 | 70.74% |
| Dec 31, 2025 | 73.60% |
| Sep 30, 2025 | 77.53% |
| Jun 30, 2025 | 78.04% |
| Mar 31, 2025 | 70.38% |
| Dec 31, 2024 | 74.64% |
| Sep 30, 2024 | 74.54% |
| Jun 30, 2024 | 76.09% |
| Mar 31, 2024 | 63.24% |
| Dec 31, 2023 | 72.40% |
| Sep 30, 2023 | 72.30% |
| Jun 30, 2023 | 76.74% |
| Mar 31, 2023 | 63.59% |
| Dec 31, 2022 | 64.02% |
| Sep 30, 2022 | 67.49% |
API Access
NorthWestern Energy Group, Inc. Gross 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=gross-margin&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();