NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026)
NorthWestern Energy (NWE) posted Return on Capital Employed of 4.05% for Q1 2026, down 4.6% on a QoQ basis from 4.24% in Q4 2025, and down 48.0% year-over-year from 7.78% in Q1 2025.
NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026) Analysis & Trends
NorthWestern Energy's Return on Capital Employed history runs 4 years deep, the most recent figure standing at 4.05% for Q1 2026.
- Quarterly Return on Capital Employed fell 48.0% year-over-year to 4.05% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.05% (down 48.0% YoY) and the FY2025 annual result came in at 4.33%, down 29.0% from the prior year.
- Return on Capital Employed was 4.05% for Q1 2026 at NorthWestern Energy, down from 4.24% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 4.8% in Q3 2024 and bottomed at 4.05% in Q1 2026.
- A 4-year average of 4.43% and a median of 4.52% in 2025 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2024 — Return on Capital Employed surged 67 bps — and 2026, when it tumbled 48 bps.
- NorthWestern Energy's Return on Capital Employed stood at 4.3% in 2023, then advanced by 5 bps to 4.54% in 2024, then declined by 7 bps to 4.24% in 2025, then declined by 5 bps to 4.05% in 2026.
- Business Quant data shows NWE's Return on Capital Employed at 4.05% in Q1 2026, 4.24% in Q4 2025, and 4.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 8.29% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 4.34% |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 3.52% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 4.84% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | 1,879.92% |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 4.73% |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 8.68% |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 5.84% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | NorthWestern Energy | 4.46 Bn | 4.45 Bn | 352.01 Mn | 4.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.05% |
| Dec 31, 2025 | 4.24% |
| Sep 30, 2025 | 4.75% |
| Jun 30, 2025 | 4.55% |
| Mar 31, 2025 | 4.52% |
| Dec 31, 2024 | 4.54% |
| Sep 30, 2024 | 4.80% |
| Jun 30, 2024 | 4.62% |
| Mar 31, 2024 | 4.27% |
| Dec 31, 2023 | 4.30% |
| Sep 30, 2023 | 4.13% |