KPIs & Operating Metrics(New)

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

NorthWestern Energy's Operating Margin history spans 4 years, with the latest figure at 14.49% for Q4 2025.

  • For Q4 2025, Operating Margin fell 1006.0% year-over-year to 14.49%; the TTM value through Dec 2025 reached 20.23%, down 113.0%, while the annual FY2025 figure was 20.23%, 113.0% down from the prior year.
  • Operating Margin reached 14.49% in Q4 2025 per NWE's latest filing, down from 20.75% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 28.98% in Q4 2023 to a low of 14.41% in Q3 2022.
  • Average Operating Margin over 4 years is 20.13%, with a median of 19.63% recorded in 2022.
  • Peak YoY movement for Operating Margin: surged 941bps in 2023, then plummeted -1006bps in 2025.
  • A 4-year view of Operating Margin shows it stood at 19.57% in 2022, then skyrocketed by 48bps to 28.98% in 2023, then decreased by -15bps to 24.55% in 2024, then plummeted by -41bps to 14.49% in 2025.
  • Per Business Quant, the three most recent readings for NWE's Operating Margin are 14.49% (Q4 2025), 20.75% (Q3 2025), and 17.74% (Q2 2025).