NorthWestern Energy (NWE) Gross Margin (2022 - 2026)

NorthWestern Energy (NWE) has reported Gross Margin for 5 consecutive years, with 77.12% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 92.0% year-over-year to 77.12%; the trailing twelve-month figure through Jun 2026 stood at 74.48% (up 40.0% YoY), and the FY2025 full-year result was 74.56%, up 321.0% from the prior year.
• Gross Margin advanced to 77.12% in Q2 2026 per NWE's latest filing, from 70.74% 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.
• Historically, Gross Margin has averaged 72.03% across 5 years, with a median of 73.0% in 2023.
• The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 838 bps in 2023, then slumped 103 bps in 2025.
• Over 5 years, 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 increased by 5 bps to 77.12% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 77.12%, 70.74%, and 73.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.