KPIs & Operating Metrics(New)

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

NorthWestern Energy (NWE) has disclosed Operating Margin for 4 consecutive years, with 14.49% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 1006.0% year-over-year to 14.49%, compared with a TTM value of 20.23% through Dec 2025, down 113.0%, and an annual FY2025 reading of 3.73%, down 1763.0% over the prior year.
  • Operating Margin was 14.49% for Q4 2025 at NorthWestern Energy, down from 20.75% in the prior quarter.
  • Across five years, Operating Margin topped out at 28.98% in Q4 2023 and bottomed at 14.41% in Q3 2022.
  • Average Operating Margin over 4 years is 20.13%, with a median of 19.63% recorded in 2022.
  • The sharpest move saw Operating Margin surged 941bps in 2023, then plummeted -1006bps in 2025.
  • Year by year, Operating Margin 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.
  • Business Quant data shows Operating Margin for NWE at 14.49% in Q4 2025, 20.75% in Q3 2025, and 17.74% in Q2 2025.