NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026)
NorthWestern Energy (NWE) reported Return on Capital Employed of 4.05% for Q1 2026, down 48.0% on a YoY basis from 7.78% in Q1 2025, and down 4.6% quarter-over-quarter from 4.24% in Q4 2025.
NorthWestern Energy (NWE) Return on Capital Employed (2023 - 2026) Analysis & Trends
NorthWestern Energy has reported Return on Capital Employed for 4 years, with the latest figure at 4.05% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 48.0% year-over-year to 4.05%; the trailing twelve-month figure through Mar 2026 stood at 4.05% (down 48.0% YoY), and the FY2025 full-year result was 4.33%, down 29.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 4.05%, down from 4.24% in the prior quarter.
- The five-year high for Return on Capital Employed was 4.8% in Q3 2024, with the low at 4.05% in Q1 2026.
- Historically, Return on Capital Employed has averaged 4.43% across 4 years, with a median of 4.52% in 2025.
- Annual changes were most pronounced in 2024 — Return on Capital Employed surged 67 bps — and 2026, when it plunged 48 bps.
- NorthWestern Energy's Return on Capital Employed 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 5 bps to 4.05% in 2026.
- The last three Return on Capital Employed figures came in at 4.05% (Q1 2026), 4.24% (Q4 2025), and 4.75% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 673.29 Bn | 673.03 Bn | 1.70 Bn | 5.20% |
| 2 | Dominion Energy | 59.55 Bn | 63.75 Bn | 4.03 Bn | 4.34% |
| 3 | Xcel Energy | 49.45 Bn | 47.55 Bn | 3.35 Bn | 3.52% |
| 4 | Wec Energy | 36.90 Bn | 37.26 Bn | 2.83 Bn | 4.84% |
| 5 | Ameren | 30.13 Bn | 30.24 Bn | 1.69 Bn | 4.73% |
| 6 | Korea Electric Power | 28.22 Bn | 13.45 Bn | 11.57 Bn | 7.19% |
| 7 | Edison International | 28.04 Bn | 27.88 Bn | 3.85 Bn | 8.68% |
| 8 | Firstenergy | 27.16 Bn | 28.53 Bn | 2.74 Bn | 6.21% |
| 9 | Cms Energy | 22.52 Bn | 22.93 Bn | 2.28 Bn | 4.72% |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 Bn | 423.03 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% |