NorthWestern Energy (NWE) Gross Margin (2022 - 2026)
NorthWestern Energy's (NWE) quarterly Gross Margin came in at 77.12% in Q2 2026, down 92.0% YoY from 964.01% in Q2 2025, and up 9.01% on a QoQ basis from 70.74% in Q1 2026.
NorthWestern Energy (NWE) Gross Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of Gross Margin data on file, last reported at 77.12% in Q2 2026.
- Quarterly Gross Margin fell 92.0% year-over-year to 77.12% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 74.48% (up 40.0% YoY) and the FY2025 annual result came in at 74.56%, up 321.0% from the prior year.
- Gross Margin improved to 77.12% in Q2 2026, from 70.74% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.04% in Q2 2025 to a low of 63.24% in Q1 2024.
- A 5-year average of 72.03% and a median of 73.0% 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 sank 103 bps.
- Tracing NWE's Gross Margin over 5 years: stood at 64.02% in 2022, then gained by 13 bps to 72.4% in 2023, then climbed by 3 bps to 74.64% in 2024, then dropped by 1 bps to 73.6% in 2025, then climbed by 5 bps to 77.12% in 2026.
- The last three Gross Margin figures came in at 77.12% (Q2 2026), 70.74% (Q1 2026), and 73.6% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | - |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 75.42% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 75.47% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 68.33% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | 77.12% |
Historic Data
Download 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% |