KPIs & Operating Metrics(New)

NorthWestern Energy (NWE) Net Margin (2022 - 2025)

NorthWestern Energy's Net Margin history spans 4 years, with the latest figure at 10.79% for Q4 2025.

  • For Q4 2025, Net Margin fell 1078.0% year-over-year to 10.79%; the TTM value through Dec 2025 reached 11.24%, down 356.0%, while the annual FY2025 figure was 11.24%, 356.0% down from the prior year.
  • Net Margin reached 10.79% in Q4 2025 per NWE's latest filing, up from 9.88% 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.
  • Average Net Margin over 4 years is 12.77%, with a median of 12.18% recorded in 2024.
  • Peak YoY movement for Net Margin: soared 766bps in 2023, then plummeted -1078bps in 2025.
  • A 4-year view of Net Margin shows it stood at 15.69% in 2022, then surged by 49bps to 23.35% in 2023, then fell by -8bps to 21.57% in 2024, then plummeted by -50bps to 10.79% in 2025.
  • Per Business Quant, the three most recent readings for NWE's Net Margin are 10.79% (Q4 2025), 9.88% (Q3 2025), and 6.19% (Q2 2025).