NorthWestern Energy (NWE) Net Margin (2022 - 2026)
NorthWestern Energy's (NWE) quarterly Net Margin came in at 6.37% in Q2 2026, up 17.0% YoY from 5.44% in Q2 2025, and down 50.08% on a QoQ basis from 12.75% in Q1 2026.
NorthWestern Energy (NWE) Net Margin (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of Net Margin data on file, last reported at 6.37% in Q2 2026.
- Quarterly Net Margin rose 17.0% year-over-year to 6.37% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.13% (down 463.0% YoY) and the FY2025 annual result came in at 11.24%, down 356.0% from the prior year.
- Net Margin fell to 6.37% in Q2 2026, from 12.75% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.35% in Q4 2023 to a low of 6.19% in Q2 2025.
- A 5-year average of 12.37% and a median of 11.77% 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 sank 1078 bps.
- Tracing NWE's Net Margin over 5 years: stood at 15.69% in 2022, then soared by 49 bps to 23.35% in 2023, then retreated by 8 bps to 21.57% in 2024, then sank by 50 bps to 10.79% in 2025, then plunged by 41 bps to 6.37% in 2026.
- The last three Net Margin figures came in at 6.37% (Q2 2026), 12.75% (Q1 2026), and 10.79% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 15.01% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 12.26% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 13.51% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 9.57% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | 6.37% |
Historic Data
Download 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% |