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NorthWestern Energy Group (NWE) Financials

NorthWestern Energy Group logo
$55.37 +0.31 (+0.56%)
Closing price 08/7/2025 04:00 PM Eastern
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$55.50 +0.13 (+0.23%)
As of 08:30 AM 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 (NYSE:NWE) has shown several notable financial trends over the past four years based on its quarterly financial statements through Q2 2025.

  • Consistent Profitability: The company reported positive consolidated net income every quarter, with Q2 2025 net income at $21.2 million and sustained profitability over the last several years.
  • Stable Earnings Per Share (EPS): EPS has generally grown, with Q2 2025 diluted EPS at $0.35 compared to lower values in earlier years (e.g., $0.32 in Q2 2023), indicating improving profitability on a per-share basis.
  • Robust Operating Income: Operating income for Q2 2025 was $60.8 million, maintaining a healthy margin given revenues of $342.7 million.
  • Strong Operating Cash Flow: Net cash from continuing operating activities was $58.2 million in Q2 2025, reflecting solid operating performance and cash generation capability.
  • Capital Investment Focus: Significant investments in property, plant, and equipment were made consistently, with $128.9 million spent in Q2 2025, signaling commitment to infrastructure and growth.
  • Dividend Stability: Cash dividends per common share remained stable at $0.66 in Q2 2025 and similar levels in prior quarters, supporting income-focused investors.
  • Revenue Fluctuations: Total revenues fluctuate by quarter and year reflecting the company’s exposure to seasonal and market factors; Q2 2025 revenues were $342.7 million, somewhat lower than $466.6 million reported in Q1 2025.
  • Leverage Position: Total debt levels remain significant, with long-term debt at approximately $3.03 billion in Q2 2025. The company manages this with debt issuance and repayment cycles.
  • Working Capital Movements: There were changes in operating assets and liabilities impacting cash flows, shown as a negative $28.6 million in Q2 2025, indicating working capital management effects on liquidity.
  • Declining Net Income QoQ: Net income dropped significantly from $76.9 million in Q1 2025 to $21.2 million in Q2 2025, suggesting possible short-term pressures on earnings.
  • Cash and Equivalents Decrease: Cash and equivalents shrank from $56.0 million in Q1 2025 to $2.9 million in Q2 2025, lowering liquidity that could constrain immediate operational flexibility.
  • High Interest Expense: Interest expense remains high at $36.3 million in Q2 2025, exerting pressure on net income and indicating significant financing costs.
  • Negative Free Cash Flow in Investing Activities: The company consistently spends more on property, plant, and equipment than cash generated from operations, with net cash from investing activities of -$130 million in Q2 2025.

Summary: NorthWestern Energy maintains profitability with strong operating cash flows and steady dividends, supported by ongoing infrastructure investment. However, recent quarters show earnings volatility and reduced cash balances. The company’s significant debt and related interest expenses warrant attention, although its capacity to generate cash from core operations remains a positive foundation. Investors should monitor upcoming quarterly results for earnings stabilization and liquidity trends.

08/08/25 07:43 AMAI Generated. May Contain Errors.

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. See where experts think NorthWestern Energy Group is headed by visiting NorthWestern Energy Group's forecast page.

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%.



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