NorthWestern Energy (NWE) Return on Invested Capital [ROIC] (2023 - 2026)
NorthWestern Energy's Return on Invested Capital [ROIC] was 4.82% in Q2 2026, down 0.88 percentage points from 5.71% a year earlier and down 0.01 percentage points from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Return on Invested Capital [ROIC] (2023 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at NorthWestern Energy came in at 5.13%, down 0.49 percentage points from FY2024.
- In earlier years, Return on Invested Capital [ROIC] was 5.61% in FY2024 (+0.35 pp) and 5.26% in FY2023.
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for four straight quarters, with an average year-over-year change of -0.28 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2025 (a gain of 0.48 percentage points); the worst was Q1 2026 (a drop of 0.94 percentage points).
- Per Business Quant data, NWE's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 4.83% (Q1 2026), 5.03% (Q4 2025) and 5.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 4.66% |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 5.11% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 5.41% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 5.55% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 3.52% |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 1.80% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 4.68% |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | 4.49% |
| 10 | NorthWestern Energy | 4.77 Bn | 4.75 Bn | 302.78 Mn | 4.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.82% |
| Mar 31, 2026 | 4.83% |
| Dec 31, 2025 | 5.03% |
| Sep 30, 2025 | 5.67% |
| Jun 30, 2025 | 5.71% |
| Mar 31, 2025 | 5.78% |
| Dec 31, 2024 | 5.51% |
| Sep 30, 2024 | 5.71% |
| Jun 30, 2024 | 5.46% |
| Mar 31, 2024 | 5.29% |
| Dec 31, 2023 | 5.28% |
| Sep 30, 2023 | 6.54% |
API Access
NorthWestern Energy Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NWE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();