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

NorthWestern Energy's Net Margin history runs 5 years deep, the most recent figure standing at 12.75% for Q1 2026.

• Quarterly Net Margin fell 374.0% year-over-year to 12.75% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.21% (down 547.0% YoY) and the FY2025 annual result came in at 11.24%, down 356.0% from the prior year.
• Net Margin was 12.75% for Q1 2026 at NorthWestern Energy, up from 10.79% in the prior quarter.
• Across five years, Net Margin topped out at 23.35% in Q4 2023 and bottomed at 6.19% in Q2 2025.
• A 5-year average of 12.77% and a median of 12.75% in 2026 frame the typical range for Net Margin.
• Annual changes were most pronounced in 2023 — Net Margin surged 766 bps — and 2025, when it plunged 1078 bps.
• NorthWestern Energy's Net Margin stood at 15.69% in 2022, then surged by 49 bps to 23.35% in 2023, then slipped by 8 bps to 21.57% in 2024, then tumbled by 50 bps to 10.79% in 2025, then gained by 18 bps to 12.75% in 2026.
• Business Quant data shows NWE's Net Margin at 12.75% in Q1 2026, 10.79% in Q4 2025, and 9.88% in Q3 2025.