NorthWestern
NWE
73.97
+5.05
+7.33%
NorthWestern
US · NWE
#2251 by market cap
Listed 1970
73.97
+5.05
+7.33%
Live - 5344 symbols - heartbeat 228s ago
· 2026-10-08 07:42
Pre-market
73.35
-0.84%
After-hours
74.00
+0.04%
- Market cap
- 4.55B
- P/E (TTM)i
- 26.70
- P/Bi
- 1.57
- EPSi
- 2.94
- Div yieldi
- 3.60%
- 52W posi
- 90%
Reader sentiment
Are you bullish or bearish on NWE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.93, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +6.38% YoY
Margins
- Gross margin
- 56.87%
- Operating margin
- 20.23%
- Net margin
- 11.24%
Key ratios & quality
- Enterprise valuei
- 7.98B
- Altman Z-Scorei
- 0.93
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.19B | 1.26B | 1.20B | 1.37B | 1.48B | 1.42B | 1.51B | 1.61B |
| Gross profit | 919.13M | 730.84M | 689.49M | 738.47M | 764.40M | 781.36M | 852.25M | 915.88M |
| Selling & admin expenses | 307.12M | 109.18M | 94.12M | 101.87M | 113.78M | 117.36M | 137.44M | 158.24M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 266.27M | 276.85M | 236.20M | 275.68M | 263.08M | 300.46M | 323.32M | 325.82M |
| Pretax profit | 178.25M | 182.20M | 144.25M | 190.26M | 182.40M | 201.67M | 214.67M | 187.57M |
| Tax | -18.71M | -19.93M | -10.97M | 3.42M | -605.00K | 7.54M | -9.44M | 6.47M |
| Net profit | 196.96M | 202.12M | 155.22M | 186.84M | 183.01M | 194.13M | 224.11M | 181.09M |
| Basic EPS | 4 | 4 | 3 | 4 | 3 | 3 | 4 | 3 |
| Diluted EPS | 3.92 | 3.98 | 3.06 | 3.60 | 3.25 | 3.22 | 3.65 | 2.94 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 466.63M | 342.71M | 386.95M | 414.26M | 497.57M | 392.60M |
| Gross profit | 271.72M | 205.11M | 235.88M | 203.17M | 277.47M | 223.68M |
| Selling & admin expenses | 41.36M | 33.77M | 46.70M | 36.40M | 46.12M | 42.36M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 124.73M | 60.79M | 80.28M | 60.02M | 114.11M | 64.25M |
| Pretax profit | 92.14M | 24.61M | 47.02M | 23.79M | 77.25M | 28.46M |
| Tax | 15.20M | 3.38M | 8.79M | -20.90M | 13.80M | 3.47M |
| Net profit | 76.94M | 21.23M | 38.23M | 44.69M | 63.46M | 24.99M |
| Basic EPS | 1 | 0 | 1 | 1 | 1 | 0 |
| Diluted EPS | 1.25 | 0.35 | 0.62 | 0.72 | 1.03 | 0.40 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 277.69M | 301.73M | 308.68M | 437.80M | 538.82M | 407.01M | 418.19M | 503.94M |
| Cash & ST investments | 7.86M | 5.15M | 5.81M | 2.82M | 8.49M | 9.16M | 4.28M | 8.78M |
| Inventory | 50.82M | 53.93M | 61.01M | 80.61M | 107.36M | 114.54M | 122.94M | 132.51M |
| Total assets | 5.64B | 6.08B | 6.39B | 6.78B | 7.32B | 7.60B | 8.00B | 8.46B |
| Total current liabilities | 347.01M | 334.27M | 466.42M | 379.64M | 620.85M | 534.90M | 802.20M | 697.45M |
| Short-term debt | 2.30M | 2.48M | 102.67M | 2.88M | 147.62M | 103.29M | 403.55M | 256.83M |
| Long-term debt | 2.10B | 2.23B | 2.32B | 2.54B | 2.47B | 2.68B | 2.70B | 3.18B |
| Total liabilities | 3,701,994,000.00 | 4,044,392,000.00 | 4,310,354,000.00 | 4,440,730,000.00 | 4,652,600,000.00 | 4,815,338,000.00 | 5,139,824,000.00 | 5,573,951,000.00 |
| Total equity | 1.94B | 2.04B | 2.08B | 2.34B | 2.67B | 2.79B | 2.86B | 2.89B |
| Retained earnings | 548.25M | 635.25M | 670.11M | 728.47M | 771.41M | 811.50M | 877.02M | 896.72M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 472.83M | 403.08M | 443.90M | 503.94M | 513.17M | 481.65M |
| Cash & ST investments | 56.03M | 2.94M | 6.20M | 8.78M | 5.86M | 4.18M |
| Inventory | 119.61M | 125.40M | 135.00M | 132.51M | 134.07M | 145.99M |
| Total assets | 8.10B | 8.14B | 8.30B | 8.46B | 8.58B | 8.70B |
| Total current liabilities | 397.64M | 537.43M | 684.57M | 697.45M | 730.92M | 583.05M |
| Short-term debt | 3.66M | 163.70M | 257.75M | 256.83M | 256.83M | 146.70M |
| Long-term debt | 3.13B | 3.03B | 3.04B | 3.18B | 3.18B | 3.44B |
| Total liabilities | 5,205,043,000.00 | 5,256,291,000.00 | 5,418,758,000.00 | 5,573,951,000.00 | 5,673,622,000.00 | 5,808,364,000.00 |
| Total equity | 2.90B | 2.88B | 2.88B | 2.89B | 2.91B | 2.90B |
| Retained earnings | 913.65M | 894.53M | 892.40M | 896.72M | 919.14M | 903.07M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 381.99M | 296.72M | 352.15M | 219.98M | 307.24M | 489.23M | 406.74M | 394.46M |
| Depreciation & amortization | 174.48M | 172.92M | 179.64M | 187.47M | 195.02M | 210.47M | 227.64M | 249.53M |
| Free cash flow | 98.02M | -19.30M | -53.61M | -214.35M | -207.90M | -77.66M | -142.50M | -130.00M |
| Dividends paid | -109.20M | -115.13M | -120.35M | -128.48M | -140.06M | -154.05M | -158.59M | -161.39M |
| Stock buybacks / issuance | 47.05M | 1.43M | -1.39M | 196.95M | 277.57M | 74.68M | 1.19M | 709.00K |
| Ending cash balance | 15.31M | 12.07M | 17.10M | 18.76M | 22.46M | 25.19M | 29.02M | 30.74M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 153.39M | 58.21M | 126.67M | 56.18M | 159.41M | 73.82M |
| Depreciation & amortization | 62.40M | 62.38M | 62.83M | 61.91M | 66.83M | 66.98M |
| Free cash flow | 61.27M | -70.65M | -26.88M | -93.74M | 43.33M | -114.87M |
| Dividends paid | -40.31M | -40.35M | -40.36M | -40.37M | -41.04M | -41.07M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 80.07M | 26.55M | 30.47M | 30.74M | 27.61M | 25.10M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 10.53 | 10.15 | 7.54 | 8.46 | 7.31 | 7.12 | 7.94 | 6.31 |
| ROA %i | 3.56 | 3.50 | 2.52 | 2.84 | 2.60 | 2.60 | 2.87 | 2.20 |
| ROIC %i | 6.60 | 6.50 | 5.13 | 5.93 | 5.14 | 5.60 | 5.69 | 5.31 |
| 5-year avg ROE %i | 9.87 | 9.98 | 9.52 | 9.21 | 8.80 | 8.12 | 7.67 | 7.43 |
| EBIT margin %i | 22.67 | 22.04 | 20.11 | 20.69 | 19.12 | 22.24 | 22.88 | 20.98 |
| FCF / sales %i | 8.22 | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.80 | 0.90 | 0.66 | 1.15 | 0.87 | 0.76 | 0.52 | 0.72 |
| Quick ratioi | 0.49 | 0.52 | 0.37 | 0.53 | 0.41 | 0.41 | 0.24 | 0.31 |
| Debt / assetsi | 37.64 | 37.04 | 38.07 | 37.70 | 35.95 | 36.75 | 38.77 | 40.64 |
| LT debt / equityi | 109.26 | 110.38 | 112.07 | 109.13 | 93.17 | 96.58 | 94.38 | 110.23 |
| Interest coveragei | 2.94 | 2.92 | 2.49 | 3.03 | 2.82 | 2.76 | 2.63 | 2.25 |
| Revenue CAGR (3Y) %i | -0.62 | 0.02 | -2.81 | 4.81 | 5.52 | 5.86 | 3.33 | 2.91 |
| Net income CAGR (3Y) %i | 9.21 | 7.18 | -1.56 | -1.74 | -3.26 | 7.74 | 6.25 | -0.35 |
| FCF CAGR (3Y) %i | 20.43 | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 8.27 | 7.93 | 7.62 | 6.31 | 5.77 | 5.94 |
| ROA %i | 3.00 | 2.85 | 2.69 | 2.20 | 2.01 | 2.04 |
| ROIC %i | 5.93 | 5.73 | 6.00 | 5.31 | 5.12 | 5.17 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 24.49 | 23.67 | 23.57 | 20.98 | 19.89 | 19.77 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.19 | 0.75 | 0.65 | 0.72 | 0.70 | 0.83 |
| Quick ratioi | 0.61 | 0.29 | 0.24 | 0.31 | 0.28 | 0.30 |
| Debt / assetsi | 38.70 | 39.25 | 39.79 | 40.64 | 40.11 | 41.32 |
| LT debt / equityi | 108.12 | 105.21 | 105.70 | 110.23 | 109.53 | 119.15 |
| Interest coveragei | 2.69 | 2.55 | 2.52 | 2.25 | 2.12 | 2.12 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Electric is the largest reported line at 82.59% of revenue, across 2 reported segments.
- The next-largest line, Gas, is a distant second at 17.41% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Electric82.59%
Gas17.41%
Quote time 2026-10-08 07:42:41 · For reference only, not investment advice and not tailored to your situation.