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NorthWestern Energy Group (NWE) Financials

NorthWestern Energy Group logo
$57.62 -0.51 (-0.87%)
As of 03:27 PM Eastern
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Annual Income Statements for NorthWestern Energy Group

Annual Income Statements for NorthWestern Energy Group

This table shows NorthWestern Energy Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 183 194 224
Consolidated Net Income / (Loss)		 183 194 224
Net Income / (Loss) Continuing Operations		 183 194 224
Total Pre-Tax Income 		182 202 215
Total Operating Income		 263 300 323
Total Gross Profit		 764 781 852
Total Revenue		 1,478 1,422 1,514
Operating Revenue		 1,478 1,422 1,514
Total Cost of Revenue		 713 641 662
Operating Cost of Revenue		 713 641 662
Total Operating Expenses		 501 481 529
Selling, General & Admin Expense		 114 117 137
Depreciation Expense		 195 210 228
Other Operating Expenses / (Income)		 193 153 164
Total Other Income / (Expense), net		 -81 -99 -109
Interest Expense		 100 115 132
Other Income / (Expense), net		 19 16 23
Income Tax Expense		 -0.61 7.54 -9.44
Basic Earnings per Share		 $3.28 $3.22 $3.66
Weighted Average Basic Shares Outstanding		 55.77M 60.32M 61.29M
Diluted Earnings per Share		 $3.25 $3.22 $3.65
Weighted Average Diluted Shares Outstanding		 - - 61.33M
Weighted Average Basic & Diluted Shares Outstanding		 - - 61.33M
Cash Dividends to Common per Share		 $2.52 $2.56 $2.60

Quarterly Income Statements for NorthWestern Energy Group

This table shows NorthWestern Energy Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 19 29 65 32 47 77 21
Consolidated Net Income / (Loss)		 19 29 65 32 47 77 21
Net Income / (Loss) Continuing Operations		 19 29 65 32 47 77 21
Total Pre-Tax Income 		21 31 75 36 44 92 25
Total Operating Income		 46 56 102 62 68 125 61
Total Gross Profit		 168 179 246 186 201 272 205
Total Revenue		 291 321 475 320 345 467 343
Operating Revenue		 291 321 475 320 345 467 343
Total Cost of Revenue		 122 142 229 134 144 195 138
Operating Cost of Revenue		 122 142 229 134 144 195 138
Total Operating Expenses		 122 123 144 124 133 147 144
Selling, General & Admin Expense		 30 29 40 31 35 41 34
Depreciation Expense		 52 52 57 57 57 62 62
Other Operating Expenses / (Income)		 40 42 47 36 42 43 48
Total Other Income / (Expense), net		 -24 -25 -27 -26 -24 -33 -36
Interest Expense		 28 29 31 32 33 37 36
Other Income / (Expense), net		 4.06 4.13 4.32 6.16 9.12 3.93 0.08
Income Tax Expense		 2.15 1.70 10 4.24 -3.17 15 3.38
Basic Earnings per Share		 $0.32 $0.48 $1.06 $0.52 $0.76 $1.25 $0.35
Weighted Average Basic Shares Outstanding		 59.80M 60.44M 61.27M 61.29M 61.30M 61.34M 61.38M
Diluted Earnings per Share		 $0.32 $0.48 $1.06 $0.52 $0.76 $1.25 $0.35
Weighted Average Diluted Shares Outstanding		 - - - 61.30M 61.31M 61.38M 61.39M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 61.30M 61.31M 61.38M 61.39M
Cash Dividends to Common per Share		 $0.64 $0.64 $0.65 $0.65 $0.65 $0.66 $0.66

Annual Cash Flow Statements for NorthWestern Energy Group

This table details how cash moves in and out of NorthWestern Energy Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 3.70 2.72 3.83
Net Cash From Operating Activities		 307 489 407
Net Cash From Continuing Operating Activities		 307 489 407
Net Income / (Loss) Continuing Operations		 183 194 224
Consolidated Net Income / (Loss)		 183 194 224
Depreciation Expense		 195 210 228
Amortization Expense		 5.32 5.14 4.65
Non-Cash Adjustments To Reconcile Net Income		 -8.22 -12 -9.81
Changes in Operating Assets and Liabilities, net		 -68 92 -40
Net Cash From Investing Activities		 -517 -571 -554
Net Cash From Continuing Investing Activities		 -517 -571 -554
Purchase of Property, Plant & Equipment		 -515 -567 -549
Purchase of Investments		 -1.72 -3.92 -4.72
Other Investing Activities, net		 0.00 0.00 -0.50
Net Cash From Financing Activities		 213 84 152
Net Cash From Continuing Financing Activities		 213 84 152
Repayment of Debt		 -1.19 -4.33 -101
Payment of Dividends		 -140 -154 -159
Issuance of Debt		 77 168 410
Issuance of Common Equity		 278 75 1.19

Quarterly Cash Flow Statements for NorthWestern Energy Group

This table details how cash moves in and out of NorthWestern Energy Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 3.55 -4.81 11 1.13 51 -54
Net Cash From Operating Activities		 62 162 62 63 153 58
Net Cash From Continuing Operating Activities		 62 162 62 63 153 58
Net Income / (Loss) Continuing Operations		 83 65 32 81 77 21
Consolidated Net Income / (Loss)		 83 65 32 81 77 21
Depreciation Expense		 53 57 57 57 62 62
Amortization Expense		 1.15 1.19 1.15 1.16 0.99 1.35
Non-Cash Adjustments To Reconcile Net Income		 -17 6.71 1.77 -19 2.43 1.89
Changes in Operating Assets and Liabilities, net		 -57 32 -29 -57 11 -29
Net Cash From Investing Activities		 -160 -109 -139 -149 -97 -130
Net Cash From Continuing Investing Activities		 -160 -109 -139 -149 -97 -130
Purchase of Property, Plant & Equipment		 -160 -109 -139 -149 -92 -129
Purchase of Investments		 -0.12 -0.24 -0.68 -0.12 -4.58 -1.19
Net Cash From Financing Activities		 101 -57 88 88 -5.64 18
Net Cash From Continuing Financing Activities		 101 -57 88 88 -5.64 18
Repayment of Debt		 271 -233 127 -69 -365 -41
Payment of Dividends		 -39 -40 -40 -40 -40 -40
Issuance of Debt		 -132 215 - 195 400 100
Cash Interest Paid		 - 18 42 - 33 34
Cash Income Taxes Paid		 - 0.00 - - -8.26 8.26

Annual Balance Sheets for NorthWestern Energy Group

This table presents NorthWestern Energy Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024
Period end date 12/31/2023 12/31/2024
Total Assets		 7,601 7,998
Total Current Assets		 407 418
Cash & Equivalents		 9.16 4.28
Restricted Cash		 16 25
Accounts Receivable		 212 188
Inventories, net		 115 123
Other Current Assets		 55 78
Plant, Property, & Equipment, net		 6,040 6,398
Total Noncurrent Assets		 1,154 1,181
Goodwill		 358 358
Other Noncurrent Operating Assets		 796 823
Total Liabilities & Shareholders' Equity		 7,601 7,998
Total Liabilities		 4,815 5,140
Total Current Liabilities		 535 802
Short-Term Debt		 100 400
Accounts Payable		 124 112
Accrued Expenses		 246 255
Other Current Liabilities		 64 36
Total Noncurrent Liabilities		 4,280 4,338
Long-Term Debt		 2,685 2,695
Asset Retirement Reserve & Litigation Obligation		 657 661
Noncurrent Deferred & Payable Income Tax Liabilities		 601 663
Other Noncurrent Operating Liabilities		 338 318
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 2,785 2,858
Total Preferred & Common Equity		 2,785 2,858
Preferred Stock		 0.00 0.00
Total Common Equity		 2,785 2,858
Common Stock		 2,079 2,085
Retained Earnings		 811 877
Treasury Stock		 -98 -97
Accumulated Other Comprehensive Income / (Loss)		 -7.66 -6.70
Other Equity Adjustments		 - 0.00

Quarterly Balance Sheets for NorthWestern Energy Group

This table presents NorthWestern Energy Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 7,714 7,854 8,101 8,136
Total Current Assets		 364 368 473 403
Cash & Equivalents		 6.40 2.53 56 2.94
Restricted Cash		 25 25 24 24
Accounts Receivable		 150 144 187 155
Inventories, net		 115 122 120 125
Other Current Assets		 69 75 86 96
Plant, Property, & Equipment, net		 6,193 6,305 6,429 6,532
Total Noncurrent Assets		 1,157 1,181 1,200 1,201
Goodwill		 358 358 358 358
Other Noncurrent Operating Assets		 799 823 842 844
Total Liabilities & Shareholders' Equity		 7,714 7,854 8,101 8,136
Total Liabilities		 4,907 5,038 5,205 5,256
Total Current Liabilities		 700 813 398 537
Short-Term Debt		 325 400 0.00 160
Accounts Payable		 91 94 88 94
Accrued Expenses		 244 286 280 252
Other Current Liabilities		 40 30 30 32
Total Noncurrent Liabilities		 4,207 4,224 4,807 4,719
Long-Term Debt		 2,570 2,568 3,131 3,030
Asset Retirement Reserve & Litigation Obligation		 659 665 663 674
Noncurrent Deferred & Payable Income Tax Liabilities		 629 640 695 703
Other Noncurrent Operating Liabilities		 349 351 319 312
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,807 2,816 2,896 2,880
Total Preferred & Common Equity		 2,807 2,816 2,896 2,880
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 2,807 2,816 2,896 2,880
Common Stock		 2,084 2,085 2,087 2,089
Retained Earnings		 829 836 914 895
Treasury Stock		 -98 -98 -98 -98
Accumulated Other Comprehensive Income / (Loss)		 -7.43 -7.32 -6.59 -6.47
Other Equity Adjustments		 0.00 - 0.00 0.00

Annual Metrics And Ratios for NorthWestern Energy Group

This table displays calculated financial ratios and metrics derived from NorthWestern Energy Group's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 0.00% -3.77% 6.45%
EBITDA Growth		 0.00% 10.16% 8.78%
EBIT Growth		 0.00% 11.95% 9.50%
NOPAT Growth		 0.00% 9.57% 16.70%
Net Income Growth		 0.00% 6.08% 15.44%
EPS Growth		 0.00% -0.92% 13.35%
Operating Cash Flow Growth		 0.00% 59.23% -16.86%
Free Cash Flow Firm Growth		 0.00% 0.00% 99.21%
Invested Capital Growth		 0.00% 0.00% 6.84%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.13%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 51.72% 54.94% 56.29%
EBITDA Margin		 32.67% 37.40% 38.22%
Operating Margin		 17.80% 21.13% 21.36%
EBIT Margin		 19.12% 22.24% 22.88%
Profit (Net Income) Margin		 12.38% 13.65% 14.80%
Tax Burden Percent		 100.33% 96.26% 104.40%
Interest Burden Percent		 64.56% 63.76% 61.98%
Effective Tax Rate		 -0.33% 3.74% -4.40%
Return on Invested Capital (ROIC)		 0.00% 10.43% 5.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 3.54% 1.99%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 3.51% 2.06%
Return on Equity (ROE)		 0.00% 13.94% 7.94%
Cash Return on Invested Capital (CROIC)		 0.00% -189.57% -0.73%
Operating Return on Assets (OROA)		 0.00% 4.16% 4.44%
Return on Assets (ROA)		 0.00% 2.55% 2.87%
Return on Common Equity (ROCE)		 0.00% 13.94% 7.94%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.97% 7.84%
Net Operating Profit after Tax (NOPAT)		 264 289 338
NOPAT Margin		 17.86% 20.34% 22.30%
Net Nonoperating Expense Percent (NNEP)		 0.00% 6.89% 3.89%
Return On Investment Capital (ROIC_SIMPLE)		 - 5.19% 5.67%
Cost of Revenue to Revenue		 48.28% 45.06% 43.71%
SG&A Expenses to Revenue		 7.70% 8.25% 9.08%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 33.92% 33.82% 34.94%
Earnings before Interest and Taxes (EBIT)		 283 316 346
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 483 532 579
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 1.15
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.31
Price to Revenue (P/Rev)		 0.00 0.00 2.17
Price to Earnings (P/E)		 0.00 0.00 14.63
Dividend Yield		 4.68% 5.29% 4.86%
Earnings Yield		 0.00% 0.00% 6.84%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.07
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.19
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 10.97
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 18.32
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 18.80
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 15.60
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.00 1.00 1.08
Long-Term Debt to Equity		 0.00 0.96 0.94
Financial Leverage		 0.00 0.99 1.03
Leverage Ratio		 0.00 2.73 2.76
Compound Leverage Factor		 0.00 1.74 1.71
Debt to Total Capital		 0.00% 49.99% 52.00%
Short-Term Debt to Total Capital		 0.00% 1.79% 6.72%
Long-Term Debt to Total Capital		 0.00% 48.20% 45.28%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 50.01% 48.00%
Debt to EBITDA		 0.00 5.24 5.35
Net Debt to EBITDA		 0.00 5.19 5.30
Long-Term Debt to EBITDA		 0.00 5.05 4.66
Debt to NOPAT		 0.00 9.63 9.17
Net Debt to NOPAT		 0.00 9.54 9.08
Long-Term Debt to NOPAT		 0.00 9.28 7.99
Altman Z-Score		 0.00 0.00 0.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 0.00 0.76 0.52
Quick Ratio		 0.00 0.41 0.24
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -5,255 -42
Operating Cash Flow to CapEx		 59.64% 86.30% 74.05%
Free Cash Flow to Firm to Interest Expense		 0.00 -45.85 -0.32
Operating Cash Flow to Interest Expense		 3.07 4.27 3.09
Operating Cash Flow Less CapEx to Interest Expense		 -2.08 -0.68 -1.08
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.19 0.19
Accounts Receivable Turnover		 0.00 6.70 7.57
Inventory Turnover		 0.00 5.59 5.57
Fixed Asset Turnover		 0.00 0.24 0.24
Accounts Payable Turnover		 0.00 5.15 5.60
Days Sales Outstanding (DSO)		 0.00 54.48 48.22
Days Inventory Outstanding (DIO)		 0.00 65.24 65.50
Days Payable Outstanding (DPO)		 0.00 70.83 65.13
Cash Conversion Cycle (CCC)		 0.00 48.89 48.59
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 5,545 5,924
Invested Capital Turnover		 0.00 0.51 0.26
Increase / (Decrease) in Invested Capital		 0.00 5,545 379
Enterprise Value (EV)		 0.00 0.00 6,345
Market Capitalization		 0.00 0.00 3,279
Book Value per Share		 $0.00 $46.17 $46.61
Tangible Book Value per Share		 $0.00 $40.25 $40.78
Total Capital		 0.00 5,570 5,953
Total Debt		 0.00 2,785 3,095
Total Long-Term Debt		 0.00 2,685 2,695
Net Debt		 0.00 2,759 3,066
Capital Expenditures (CapEx)		 515 567 549
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -53 -13
Debt-free Net Working Capital (DFNWC)		 0.00 -28 16
Net Working Capital (NWC)		 0.00 -128 -384
Net Nonoperating Expense (NNE)		 81 95 113
Net Nonoperating Obligations (NNO)		 0.00 2,759 3,066
Total Depreciation and Amortization (D&A)		 200 216 232
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -3.74% -0.86%
Debt-free Net Working Capital to Revenue		 0.00% -1.96% 1.05%
Net Working Capital to Revenue		 0.00% -8.99% -25.37%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $3.66
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 61.29M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $3.65
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 61.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 61.33M
Normalized Net Operating Profit after Tax (NOPAT)		 184 289 226
Normalized NOPAT Margin		 12.46% 20.34% 14.95%
Pre Tax Income Margin		 12.34% 14.18% 14.18%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 2.82 2.76 2.63
NOPAT to Interest Expense		 2.64 2.52 2.56
EBIT Less CapEx to Interest Expense		 -2.32 -2.19 -1.54
NOPAT Less CapEx to Interest Expense		 -2.51 -2.42 -1.61
Payout Ratios		 - - -
Dividend Payout Ratio		 76.53% 79.35% 70.76%
Augmented Payout Ratio		 76.53% 79.35% 70.76%

Quarterly Metrics And Ratios for NorthWestern Energy Group

This table displays calculated financial ratios and metrics derived from NorthWestern Energy Group's official financial filings.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 10.13% 7.50% -1.83% 7.12%
EBITDA Growth		 0.00% 0.00% 0.00% 22.19% 19.74% 16.87% -1.00%
EBIT Growth		 0.00% 0.00% 0.00% 36.41% 28.94% 20.92% -10.19%
NOPAT Growth		 0.00% 0.00% 0.00% 32.46% 38.55% 18.22% -3.49%
Net Income Growth		 0.00% 0.00% 0.00% 65.52% 59.60% 18.21% -32.94%
EPS Growth		 0.00% 0.00% 0.00% 62.50% 58.33% 17.92% -32.69%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -5.12% -6.52%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 94.31%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.56%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -26.56%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -35.12%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -52.69%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -49.66%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -72.41%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -72.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 159.48% 0.00% 0.00% 144.11% -62.05%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 94.53%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.61%
Profitability Metrics		 - - - - - - -
Gross Margin		 57.86% 55.72% 51.84% 58.16% 58.35% 58.23% 59.85%
EBITDA Margin		 35.13% 34.86% 34.57% 38.98% 38.82% 41.16% 36.36%
Operating Margin		 15.70% 17.33% 21.48% 19.26% 19.68% 26.73% 17.74%
EBIT Margin		 17.10% 18.61% 22.38% 21.18% 22.32% 27.57% 17.76%
Profit (Net Income) Margin		 6.58% 9.14% 13.69% 9.89% 13.56% 16.49% 6.19%
Tax Burden Percent		 89.91% 94.53% 86.30% 88.18% 107.26% 83.50% 86.26%
Interest Burden Percent		 42.81% 51.93% 70.88% 52.97% 56.65% 71.62% 40.43%
Effective Tax Rate		 10.09% 5.47% 13.70% 11.82% -7.26% 16.50% 13.74%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 11.30% 3.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 9.51% 2.96%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 10.02% 3.13%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 21.32% 7.12%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 5.12% 3.42%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 3.06% 1.19%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 21.32% 7.12%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 8.15% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 53 88 54 73 104 52
NOPAT Margin		 14.12% 16.38% 18.53% 16.98% 21.11% 22.32% 15.30%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 1.58% 1.77% 1.78% 1.04%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.95% - 1.73% 0.86%
Cost of Revenue to Revenue		 42.14% 44.28% 48.16% 41.84% 41.65% 41.77% 40.15%
SG&A Expenses to Revenue		 10.31% 9.14% 8.51% 9.78% 10.12% 8.86% 9.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 42.16% 38.39% 30.37% 38.91% 38.67% 31.50% 42.11%
Earnings before Interest and Taxes (EBIT)		 50 60 106 68 77 129 61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 102 112 164 125 134 192 125
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.05 0.00 1.23 1.09
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.21 0.00 1.40 1.25
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 2.36 2.06
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 15.05 13.96
Dividend Yield		 4.88% 0.00% 5.30% 5.34% 0.00% 4.51% 5.11%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 6.64% 7.16%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 1.03 0.00 1.11 1.04
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 4.39 4.13
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 10.89 10.43
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 17.91 17.45
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 18.71 17.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 13.90 0.00 16.57 16.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 1.03 1.05 1.08 1.11
Long-Term Debt to Equity		 0.00 0.00 0.00 0.92 0.91 1.08 1.05
Financial Leverage		 0.00 0.00 0.00 1.02 1.05 1.05 1.06
Leverage Ratio		 0.00 0.00 0.00 2.75 2.79 2.80 2.79
Compound Leverage Factor		 0.00 0.00 0.00 1.46 1.58 2.00 1.13
Debt to Total Capital		 0.00% 0.00% 0.00% 50.76% 51.31% 51.94% 52.55%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.70% 6.91% 0.00% 2.64%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 45.07% 44.39% 51.94% 49.92%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 49.24% 48.69% 48.06% 47.45%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 5.16 5.27
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 5.03 5.23
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 5.16 5.01
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 8.87 9.02
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 8.65 8.94
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 8.87 8.57
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.82 0.71
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.52 0.45 1.19 0.75
Quick Ratio		 0.00 0.00 0.00 0.22 0.18 0.61 0.29
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -5,616 -5,687 -5,843 -320
Operating Cash Flow to CapEx		 0.00% 0.00% 148.66% 0.00% 0.00% 166.51% 45.17%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -176.20 -170.29 -160.03 -8.81
Operating Cash Flow to Interest Expense		 0.00 0.00 5.22 0.00 0.00 4.20 1.61
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 1.71 0.00 0.00 1.68 -1.95
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.19 0.19
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 8.03 10.04
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 5.25 5.25
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.23 0.24
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 7.10 6.83
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 45.47 36.36
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 69.55 69.47
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 51.44 53.47
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 63.58 52.36
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 0.00 0.00 5,671 5,760 5,947 6,043
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.51 0.26
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 5,671 5,760 5,947 372
Enterprise Value (EV)		 0.00 0.00 0.00 5,824 0.00 6,603 6,313
Market Capitalization		 0.00 0.00 0.00 2,960 0.00 3,552 3,149
Book Value per Share		 $0.00 $0.00 $0.00 $45.80 $45.94 $47.23 $46.92
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $39.97 $40.11 $41.40 $41.09
Total Capital		 0.00 0.00 0.00 5,702 5,784 6,027 6,069
Total Debt		 0.00 0.00 0.00 2,894 2,968 3,131 3,190
Total Long-Term Debt		 0.00 0.00 0.00 2,570 2,568 3,131 3,030
Net Debt		 0.00 0.00 0.00 2,863 2,940 3,051 3,163
Capital Expenditures (CapEx)		 0.00 0.00 109 0.00 0.00 92 129
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -42 -73 -4.88 -0.94
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 -11 -45 75 26
Net Working Capital (NWC)		 0.00 0.00 0.00 -336 -445 75 -134
Net Nonoperating Expense (NNE)		 22 23 23 23 26 27 31
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 2,863 2,943 3,051 3,163
Total Depreciation and Amortization (D&A)		 52 52 58 57 57 63 64
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -0.32% -0.06%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 5.00% 1.68%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 5.00% -8.79%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.52 $0.76 $1.25 $0.35
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 61.29M 61.30M 61.34M 61.38M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.52 $0.76 $1.25 $0.35
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 61.30M 61.31M 61.38M 61.39M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 61.30M 61.31M 61.38M 61.39M
Normalized Net Operating Profit after Tax (NOPAT)		 41 53 88 54 48 104 52
Normalized NOPAT Margin		 14.12% 16.38% 18.53% 16.98% 13.78% 22.32% 15.30%
Pre Tax Income Margin		 7.32% 9.66% 15.87% 11.22% 12.65% 19.75% 7.18%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 1.75 2.08 3.43 2.13 2.31 3.52 1.68
NOPAT to Interest Expense		 1.44 1.83 2.84 1.70 2.18 2.85 1.45
EBIT Less CapEx to Interest Expense		 0.00 0.00 -0.08 0.00 0.00 1.00 -1.88
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -0.67 0.00 0.00 0.33 -2.11
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 67.50% 70.93%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 67.50% 70.93%

Key Financial Trends

NorthWestern Energy Group, Inc. (NASDAQ: NWE) has shown a mixed but generally stable financial performance over the last several quarters and years through Q2 2025. Here is a summary of key trends and metrics observed across their income statements, balance sheets, and cash flow statements:

  • Consistent Net Income Growth: Net income for the latest quarter (Q2 2025) was $21.2 million, down from $76.9 million in Q1 2025 but showing growth compared to $19.1 million in Q2 2023. Earnings per share for Q2 2025 were $0.35 (diluted), lower than prior quarters but still positive.
  • Strong Gross Profit Margins: Gross profit for Q2 2025 was $205.1 million on revenues of $342.7 million, indicating solid operating efficiency relative to cost of revenue (~40% gross margin).
  • Substantial Asset Base and Cash Flow from Operations: Total assets were about $8.14 billion at Q2 2025, with net cash from operating activities of $58.2 million, showing ongoing strong cash generation.
  • Investment in Property, Plant & Equipment: Significant investments continue with $128.9 million spent on property, plant, and equipment in Q2 2025, reflecting continued capital expenditure to support long-term operations.
  • Dividends Maintained: Cash dividends per share remained at $0.66 in Q2 2025, showing commitment to returning capital to shareholders.
  • Debt Management and Financing Activity: NorthWestern issued debt of $100 million and repaid $41.3 million in Q2 2025. Total liabilities are significant at $5.26 billion, largely driven by long-term debt (~$3 billion). This level of leverage is typical for utilities but merits monitoring.
  • Cash and Equivalents Decline: Cash on hand decreased to $2.94 million at Q2 2025 from $56 million at Q1 2025, partly due to capital expenditures and dividend payments, though restricted cash remains substantial (~$23.6 million).
  • Decreased Net Income Sequentially: Net income dropped sharply from $76.9 million in Q1 2025 to $21.2 million in Q2 2025, possibly due to seasonal factors or one-time expenses.
  • High Interest Expense Impacting Profitability: Interest expense remains elevated around $36 million quarterly, pressuring net income levels and reflected as cash interest paid of ~$34 million in Q2 2025.
  • Operating Assets and Liability Changes Reduce Operating Cash: Changes in operating assets and liabilities negatively impacted operating cash flow by about $28.6 million in Q2 2025, reducing cash flow available from operations.

Summary: NorthWestern has maintained stable revenues and solid gross margins, with strong cash flows from operations supporting ongoing capital expenditures and dividends. However, the company faces pressure from high interest expenses and fluctuating net income. Debt remains a material component of the capital structure, requiring continued prudent financial management. Retail investors should consider the stability of dividends and capital investment plans, balanced with net income volatility and leverage levels when evaluating this stock.

08/28/25 03:28 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About NorthWestern Energy Group's Financials

When does NorthWestern Energy Group's fiscal year end?

According to the most recent income statement we have on file, NorthWestern Energy Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NorthWestern Energy Group's net income changed over the last 2 years?

NorthWestern Energy Group's net income appears to be on an upward trend, with a most recent value of $224.11 million in 2024, rising from $183.01 million in 2022. The previous period was $194.13 million in 2023. Check out NorthWestern Energy Group's forecast to explore projected trends and price targets.

What is NorthWestern Energy Group's operating income?
NorthWestern Energy Group's total operating income in 2024 was $323.32 million, based on the following breakdown:
  • Total Gross Profit: $852.25 million
  • Total Operating Expenses: $528.93 million
How has NorthWestern Energy Group's revenue changed over the last 2 years?

Over the last 2 years, NorthWestern Energy Group's total revenue changed from $1.48 billion in 2022 to $1.51 billion in 2024, a change of 2.4%.

How much debt does NorthWestern Energy Group have?

NorthWestern Energy Group's total liabilities were at $5.14 billion at the end of 2024, a 6.7% increase from 2023, and a 6.7% increase since 2023.

How much cash does NorthWestern Energy Group have?

In the past 1 years, NorthWestern Energy Group's cash and equivalents has ranged from $4.28 million in 2024 to $9.16 million in 2023, and is currently $4.28 million as of their latest financial filing in 2024.

How has NorthWestern Energy Group's book value per share changed over the last 2 years?

Over the last 2 years, NorthWestern Energy Group's book value per share changed from 0.00 in 2022 to 46.61 in 2024, a change of 4,660.8%.


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This page (NYSE:NWE) was last updated on 8/28/2025 by MarketBeat.com Staff
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