NorthWestern Energy (NWE) Gross Margin (2022 - 2026)
NorthWestern Energy (NWE) posted Gross Margin of 70.74% for Q1 2026, down 3.88% on a QoQ basis from 73.6% in Q4 2025, and up 36.0% year-over-year from 52.02% in Q1 2025.
NorthWestern Energy (NWE) Gross Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy's Gross Margin history runs 5 years deep, the most recent figure standing at 70.74% for Q1 2026.
- Quarterly Gross Margin rose 36.0% year-over-year to 70.74% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.59% (up 98.0% YoY) and the FY2025 annual result came in at 74.56%, up 321.0% from the prior year.
- Gross Margin was 70.74% for Q1 2026 at NorthWestern Energy, down from 73.6% in the prior quarter.
- Across five years, Gross Margin topped out at 78.04% in Q2 2025 and bottomed at 63.24% in Q1 2024.
- A 5-year average of 71.69% and a median of 72.4% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 838 bps — and 2025, when it plunged 103 bps.
- NorthWestern Energy's Gross Margin stood at 64.02% in 2022, then climbed by 13 bps to 72.4% in 2023, then increased by 3 bps to 74.64% in 2024, then fell by 1 bps to 73.6% in 2025, then retreated by 4 bps to 70.74% in 2026.
- Business Quant data shows NWE's Gross Margin at 70.74% in Q1 2026, 73.6% in Q4 2025, and 77.53% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 68.53% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | - |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 99.93% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 59.50% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | - |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | - |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 65.25% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | NorthWestern Energy | 4.46 Bn | 4.45 Bn | 352.01 Mn | 70.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |