NorthWestern Energy profit margin NWE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.
- Net margin, 12 months
- 10.1%
- Operating margin, 12 months
- 18.8%
- Net margin on a year earlier
- −4.6 pts
- Peer median
- 11.8%
Over the twelve months to Jun 30, 2026, NorthWestern Energy kept 10.1% of its revenue as net profit, with an operating margin of 18.8%.
The median for 10 electric utilities of a similar size is 11.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 11.2% | 20.2% |
| FY2024 | 14.8% | 21.4% |
| FY2023 | 13.7% | 21.1% |
| FY2022 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 10.1% | −4.6 pts | 18.8% | |
| Q1 FY26 | 10.2% | −5.5 pts | 19.2% | |
| Q4 FY25 | 11.2% | −3.6 pts | 20.2% | |
| Q3 FY25 | 13.8% | −1.3 pts | 22.8% | |
| Q2 FY25 | 14.8% | +0.6 pts | 22.6% | |
| Q1 FY25 | 15.7% | +2.0 pts | 23.0% | |
| Q4 FY24 | 14.8% | +1.2 pts | 21.4% | |
| Q3 FY24 | 15.1% | +3.2 pts | 22.4% | |
| Q2 FY24 | 14.2% | +2.5 pts | 21.9% | |
| Q1 FY24 | 13.6% | n/a | 21.2% | |
| Q4 FY23 | 13.7% | n/a | 21.1% | |
| Q3 FY23 | 11.9% | n/a | 18.8% |
Against its peers
Companies in Regulated Electric nearest NorthWestern Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| NWENorthWestern Energy | 10.1% |
| PORPortland General Electric | n/m |
| ORAOrmat Technologies | 10.7% |
| OTTROtter Tail | 14.8% |
| TXNMTXNM Energy | 8.8% |
| BKHBlack Hills | 13.0% |
| AVAAvista | 11.8% |
| IDAIdacorp | 18.8% |
| OGEOGE Energy | 14.4% |
| PNWPinnacle West Capital | 11.5% |
| HEHawaiian Electric Industries | 6.8% |
| Peer median | 11.8% |
Where NorthWestern Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NorthWestern Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.