A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
NorthWestern Energy - Delivering a Bright Future NorthWestern Energy Group, doing business as NorthWestern Energy, provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 787,000 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NW Corp, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NWE Public Service. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 1.5B | 1.4B | 1.5B | 1.4B |
| Net Income | 181M | 181M | 224M | 194M | 183M | 187M |
| EPS | $2.94 | $2.94 | $3.65 | $3.22 | $3.25 | $3.60 |
| Free Cash Flow | -130M | -130M | -143M | -78M | -208M | -214M |
| ROIC | 5.0% | 5.1% | 5.6% | 5.2% | 6.8% | 12.3% |
| Gross Margin | 54.9% | 54.9% | 54.2% | 52.2% | 45.5% | 48.0% |
| Debt/Equity | 1.19 | 1.19 | 1.08 | 1.04 | 1.04 | -0.00 |
| Dividends/Share | $2.62 | $2.64 | $2.60 | $2.56 | $2.52 | $2.48 |
| Operating Income | 326M | 326M | 323M | 300M | 263M | 276M |
| Operating Margin | 20.2% | 20.2% | 21.4% | 21.1% | 17.8% | 20.1% |
| ROE | 6.3% | 6.3% | 7.9% | 7.1% | 7.3% | 8.5% |
| Shares Outstanding | 62M | 62M | 61M | 60M | 56M | 52M |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 1.4B | 1.5B | 1.4B | 1.5B | 1.6B | 1.6B |
| Gross Margin | 48.0% | 45.5% | 52.2% | 54.2% | 54.9% | 54.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 102M | 114M | 117M | 137M | 158M | 158M |
| EBIT | 276M | 263M | 300M | 323M | 326M | 326M |
| Op. Margin | 20.1% | 17.8% | 21.1% | 21.4% | 20.2% | 20.2% |
| Net Income | 187M | 183M | 194M | 224M | 181M | 181M |
| Net Margin | 13.6% | 12.4% | 13.7% | 14.8% | 11.2% | 11.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 31M | 31M |
| Returns on Capital | ||||||
| ROIC | 12.3% | 6.8% | 5.2% | 5.6% | 5.1% | 5.0% |
| ROE | 8.5% | 7.3% | 7.1% | 7.9% | 6.3% | 6.3% |
| ROA | 2.8% | 2.6% | 2.6% | 2.9% | 2.2% | 2.1% |
| Cash Flow | ||||||
| Op. Cash Flow | 220M | 307M | 489M | 407M | 394M | 394M |
| Free Cash Flow | -214M | -208M | -78M | -143M | -130M | -130M |
| Owner Earnings | 27M | 107M | 274M | 174M | 138M | 138M |
| CapEx | 434M | 515M | 567M | 549M | 524M | 524M |
| Maint. CapEx | 187M | 195M | 210M | 228M | 250M | 250M |
| Growth CapEx | 247M | 320M | 356M | 322M | 275M | 275M |
| D&A | 187M | 195M | 210M | 228M | 250M | 250M |
| CapEx/OCF | N/A | 167.7% | 115.9% | 135.0% | 133.0% | 133.0% |
| Capital Allocation | ||||||
| Dividends Paid | 128M | 140M | 154M | 159M | 161M | 161M |
| Dividend Yield | N/A | 5.2% | 5.3% | 5.4% | 4.7% | 3.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.3M | 5.5M | 5.2M | 4.7M | 7.0M | 7.0M |
| Debt Repayment | 955K | 0 | 0 | 100M | 300M | 300M |
| Balance Sheet | ||||||
| Net Debt | -2.9M | 2.8B | 2.9B | 3.1B | 3.4B | 3.4B |
| Cash & Equiv. | 2.8M | 8.5M | 9.2M | 4.3M | 8.8M | 8.8M |
| Long-Term Debt | 100M | 2.5B | 2.7B | 2.7B | 3.2B | 3.2B |
| Debt/Equity | -0.00 | 1.04 | 1.04 | 1.08 | 1.19 | 1.19 |
| Interest Coverage | 2.9 | 2.6 | 2.6 | 2.5 | 2.2 | 2.2 |
| Equity | 2.3B | 2.7B | 2.8B | 2.9B | 2.9B | 2.9B |
| Total Assets | 6.8B | 7.3B | 7.6B | 8.0B | 8.5B | 8.5B |
| Total Liabilities | 4.4B | 4.7B | 4.8B | 5.1B | 5.6B | 5.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 771M | 811M | 877M | 897M | 897M |
| Working Capital | N/A | -82M | -128M | -384M | -194M | -194M |
| Current Assets | N/A | 539M | 407M | 418M | 504M | 504M |
| Current Liabilities | N/A | 621M | 535M | 802M | 697M | 697M |
| Per Share Data | ||||||
| EPS | 3.60 | 3.25 | 3.22 | 3.65 | 2.94 | 2.94 |
| Owner EPS | 0.52 | 1.90 | 4.54 | 2.84 | 2.24 | 2.24 |
| Book Value | 45.08 | 47.33 | 46.20 | 46.54 | 46.85 | 46.85 |
| Cash Flow/Share | 4.24 | 5.46 | 8.11 | 6.62 | 6.40 | 6.99 |
| Dividends/Share | 2.48 | 2.52 | 2.56 | 2.60 | 2.64 | 2.62 |
| Shares Out. | 51.9M | 56.3M | 60.3M | 61.4M | 61.6M | 61.6M |
| Valuation | ||||||
| P/E Ratio | N/A | 15.8 | 14.5 | 13.9 | 21.9 | 24.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | 20.9 | 18.6 | 19.2 | 22.6 | 24.4 |
| Price/Book | N/A | 1.1 | 1.0 | 1.1 | 1.4 | 1.6 |
| Price/Sales | N/A | 1.8 | 2.0 | 2.0 | 2.1 | 2.8 |
| FCF Yield | N/A | -7.2% | -2.8% | -4.6% | -3.3% | -2.9% |
| Market Cap | 0 | 2.9B | 2.8B | 3.1B | 4.0B | 4.5B |
| Avg. Price | 0.00 | 47.96 | 48.32 | 48.08 | 55.57 | 73.28 |
| Year-End Price | 0.00 | 51.20 | 46.70 | 50.62 | 64.30 | 73.28 |
NorthWestern Energy Group, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
NorthWestern Energy Group, Inc. trades at 24.9x trailing earnings, compared to its 15-year median P/E of 15.1x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 7.0% with a gross margin of 51.0%. Total shareholder yield (dividends) is 3.6%. At current prices, the estimated annualized return to fair value is +1.9%.
NorthWestern Energy Group, Inc. (NWE) has a current P/E ratio of 24.9, compared to its historical median P/E of 15.1. The stock is currently considered Expensive based on its historical valuation range.
NorthWestern Energy Group, Inc. (NWE) has a 5-year average return on invested capital (ROIC) of 7.0%. This is below average and may indicate limited pricing power.
NorthWestern Energy Group, Inc. (NWE) has a market capitalization of $4.5B. It is classified as a mid-cap stock.
Yes, NorthWestern Energy Group, Inc. (NWE) pays a dividend with a trailing twelve-month yield of 3.58%.
Based on historical P/E analysis, NorthWestern Energy Group, Inc. (NWE) appears expensive. The current P/E of 24.9 is 65% above its historical median of 15.1. The estimated fair value CAGR (P/E method) is 1.9%.
NorthWestern Energy Group, Inc. (NWE) operates in the Electric & Other Services Combined industry, within the Utilities sector.
NorthWestern Energy Group, Inc. (NWE) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
NorthWestern Energy Group, Inc. (NWE) has a net profit margin of 11.2%. This is a healthy margin.
NorthWestern Energy Group, Inc. (NWE) generated $-130 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NorthWestern Energy Group, Inc. (NWE) has a debt-to-equity ratio of 1.19. This indicates moderate leverage.
NorthWestern Energy Group, Inc. (NWE) reported earnings per share (EPS) of $2.94 in its most recent fiscal year.
NorthWestern Energy Group, Inc. (NWE) has a return on equity (ROE) of 6.3%. This indicates moderate shareholder returns.
NorthWestern Energy Group, Inc. (NWE) has a 5-year average gross margin of 51.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for NorthWestern Energy Group, Inc. (NWE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NorthWestern Energy Group, Inc. (NWE) has a book value per share of $46.85, based on its most recent annual SEC filing.