NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026)
NorthWestern Energy's (NWE) quarterly Return on Capital Employed came in at 3.95% in Q2 2026, down 60.0% YoY from 9.88% in Q2 2025, and down 2.29% on a QoQ basis from 4.05% in Q1 2026.
NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 4 years of Return on Capital Employed data on file, last reported at 3.95% in Q2 2026.
- Quarterly Return on Capital Employed fell 60.0% year-over-year to 3.95% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 3.95% (down 60.0% YoY) and the FY2025 annual result came in at 4.33%, down 29.0% from the prior year.
- Return on Capital Employed eased to 3.95% in Q2 2026, from 4.05% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 4.8% in Q3 2024 to a low of 3.95% in Q2 2026.
- A 4-year average of 4.39% and a median of 4.41% in 2023 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 sank 60 bps.
- Tracing NWE's Return on Capital Employed over 4 years: stood at 4.3% in 2023, then rose by 5 bps to 4.54% in 2024, then slipped by 7 bps to 4.24% in 2025, then slipped by 7 bps to 3.95% in 2026.
- The last three Return on Capital Employed figures came in at 3.95% (Q2 2026), 4.05% (Q1 2026), and 4.24% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 3.53% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 3.61% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 4.92% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 4.78% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 7.20% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | -0.23% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 6.85% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 302.78 Mn | 3.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.95% |
| 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% |