NorthWestern Energy (NWE) Gross Margin (2022 - 2026)
NorthWestern Energy posted quarterly Gross Margin of 85.02% for Q1 2026, up 1464.0% year-on-year from 5.44% in Q1 2025, and up 87.65% on a QoQ basis from 45.31% in Q4 2025.
NorthWestern Energy (NWE) has 5 years of Gross Margin data on file, last reported at 85.02% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1464.0% year-over-year to 85.02%; the trailing twelve-month figure through Mar 2026 stood at 73.16% (down 44.0% YoY), and the FY2025 full-year result was 74.56%, up 321.0% from the prior year.
- Gross Margin for Q1 2026 stood at 85.02%, up from 45.31% in the prior quarter.
- Across five years, Gross Margin topped out at 127.64% in Q4 2022 and bottomed at 28.0% in Q4 2023.
- The 5-year median for Gross Margin is 76.09% (2024), against an average of 75.73%.
- The widest annual swing landed in 2023, when Gross Margin sank 9964 bps; it then surged 4663 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 127.64% in 2022, then sank by 78 bps to 28.0% in 2023, then jumped by 167 bps to 74.64% in 2024, then sank by 39 bps to 45.31% in 2025, then surged by 88 bps to 85.02% in 2026.
- The last three Gross Margin figures came in at 85.02% (Q1 2026), 45.31% (Q4 2025), and 83.42% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 645.09 Bn | 644.83 Bn | 1.70 Bn | 68.53% |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | 93.74% |
| 3 | Dominion Energy | 56.77 Bn | 60.97 Bn | 4.03 Bn | 80.37% |
| 4 | Xcel Energy | 47.77 Bn | 45.88 Bn | 3.35 Bn | 83.21% |
| 5 | Wec Energy | 35.40 Bn | 35.76 Bn | 2.83 Bn | 82.28% |
| 6 | Ameren | 29.12 Bn | 29.24 Bn | 1.69 Bn | 77.44% |
| 7 | Korea Electric Power | 28.73 Bn | 13.96 Bn | - | - |
| 8 | Energy Co Of Parana | 27.30 Bn | 26.65 Bn | - | - |
| 9 | Edison International | 26.69 Bn | 26.53 Bn | 3.85 Bn | 73.91% |
| 10 | NorthWestern Energy | 4.20 Bn | 4.19 Bn | 423.03 Mn | 85.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.02% |
| Dec 31, 2025 | 45.31% |
| Sep 30, 2025 | 83.42% |
| 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 | 88.60% |
| Dec 31, 2023 | 28.00% |
| Sep 30, 2023 | 72.30% |
| Jun 30, 2023 | 76.74% |
| Mar 31, 2023 | 87.71% |
| Dec 31, 2022 | 127.64% |
| Sep 30, 2022 | 67.49% |