NorthWestern Energy (NWE) Net Margin (2022 - 2026)
NorthWestern Energy (NWE) posted Net Margin of 6.37% for Q2 2026, up 0.17 percentage points from 6.19% a year earlier but down 6.39 percentage points from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Net Margin (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at NorthWestern Energy was 10.13%, down 4.63 percentage points year-over-year; for FY2025, it was 11.24%, down 3.56 percentage points from FY2024.
- Annual Net Margin shows a four-year change of -2.37 percentage points (FY2021 to FY2025).
- In prior years, NorthWestern Energy's Net Margin was 14.80% in FY2024 (+1.15 pp), 13.65% in FY2023 (+1.27 pp), 12.38% in FY2022 (-1.23 pp) and 13.61% in FY2021.
- Quarterly Net Margin has run from a low of 6.19% in Q2 2025 to a high of 23.35% in Q4 2023 over five years.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -2.04 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2023, with a gain of 7.66 percentage points; the weakest was Q4 2025, with a drop of 10.78 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 12.75% (Q1 2026), 10.79% (Q4 2025) and 9.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 11.99% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 7.59% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 18.79% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 14.51% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 15.01% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 13.51% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 27.61% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 23.25% |
| 10 | NorthWestern Energy | 4.19 Bn | 4.16 Bn | 302.78 Mn | 6.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.37% |
| Mar 31, 2026 | 12.75% |
| Dec 31, 2025 | 10.79% |
| Sep 30, 2025 | 9.88% |
| Jun 30, 2025 | 6.19% |
| Mar 31, 2025 | 16.49% |
| Dec 31, 2024 | 21.57% |
| Sep 30, 2024 | 13.56% |
| Jun 30, 2024 | 9.89% |
| Mar 31, 2024 | 13.69% |
| Dec 31, 2023 | 23.35% |
| Sep 30, 2023 | 9.14% |
| Jun 30, 2023 | 6.58% |
| Mar 31, 2023 | 13.76% |
| Dec 31, 2022 | 15.69% |
| Sep 30, 2022 | 8.17% |
API Access
NorthWestern Energy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "NWE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();