NorthWestern Energy Group, Inc. (NWE) Operating Margin (2022 - 2026)
NorthWestern Energy's Operating Margin was 16.36% in Q2 2026, down 1.37 percentage points from 17.74% a year earlier and down 6.57 percentage points from the prior quarter.
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NorthWestern Energy Group, Inc. (NWE) Operating Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, NorthWestern Energy's Operating Margin was 18.84% through Jun 30, 2026, down 3.75 percentage points year-over-year; for FY2025, it was 20.23%, down 1.13 percentage points from FY2024.
- Operating Margin shows a four-year change of +0.14 percentage points (FY2021 to FY2025).
- In earlier years, Operating Margin was 21.36% in FY2024 (+0.23 pp), 21.13% in FY2023 (+3.33 pp), 17.80% in FY2022 (-2.29 pp) and 20.09% in FY2021.
- Quarterly Operating Margin has moved between 14.41% (Q3 2022) and 28.98% (Q4 2023) over five years.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of -1.56 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 9.41 percentage points); the worst was Q4 2025 (a drop of 10.06 percentage points).
- Per Business Quant data, NWE's Operating Margin in the three quarters before Q2 2026 was 22.93% (Q1 2026), 14.49% (Q4 2025) and 20.75% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.36% |
| Mar 31, 2026 | 22.93% |
| Dec 31, 2025 | 14.49% |
| Sep 30, 2025 | 20.75% |
| Jun 30, 2025 | 17.74% |
| Mar 31, 2025 | 26.73% |
| Dec 31, 2024 | 24.55% |
| Sep 30, 2024 | 19.68% |
| Jun 30, 2024 | 19.26% |
| Mar 31, 2024 | 21.48% |
| Dec 31, 2023 | 28.98% |
| Sep 30, 2023 | 17.33% |
| Jun 30, 2023 | 15.70% |
| Mar 31, 2023 | 21.13% |
| Dec 31, 2022 | 19.57% |
| Sep 30, 2022 | 14.41% |
API Access
NorthWestern Energy Group, Inc. Operating 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=operating-margin&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();