NorthWestern Energy (NWE) Net Margin (2022 - 2026)
NorthWestern Energy posted quarterly Net Margin of 12.75% for Q1 2026, down 374.0% year-on-year from 4.65% in Q1 2025, and up 18.22% on a QoQ basis from 10.79% in Q4 2025.
NorthWestern Energy (NWE) has 5 years of Net Margin data on file, last reported at 12.75% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 374.0% year-over-year to 12.75%; the trailing twelve-month figure through Mar 2026 stood at 10.21% (down 547.0% YoY), and the FY2025 full-year result was 11.24%, down 356.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.75%, 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.
- The 5-year median for Net Margin is 12.75% (2026), against an average of 12.77%.
- The widest annual swing landed in 2023, when Net Margin surged 766 bps; it then tumbled 1078 bps in 2025.
- A 5-year view of Net Margin shows it stood at 15.69% in 2022, then jumped by 49 bps to 23.35% in 2023, then decreased by 8 bps to 21.57% in 2024, then plunged by 50 bps to 10.79% in 2025, then rose by 18 bps to 12.75% in 2026.
- The last three Net Margin figures came in at 12.75% (Q1 2026), 10.79% (Q4 2025), and 9.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 645.09 Bn | 644.83 Bn | 1.70 Bn | 14.72% |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | 13.52% |
| 3 | Dominion Energy | 56.77 Bn | 60.97 Bn | 4.03 Bn | 12.17% |
| 4 | Xcel Energy | 47.77 Bn | 45.88 Bn | 3.35 Bn | 13.83% |
| 5 | Wec Energy | 35.40 Bn | 35.76 Bn | 2.83 Bn | 23.42% |
| 6 | Ameren | 29.12 Bn | 29.24 Bn | 1.69 Bn | 16.41% |
| 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 | 35.43% |
| 10 | NorthWestern Energy | 4.20 Bn | 4.19 Bn | 423.03 Mn | 12.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |