NorthWestern Energy Group, Inc. (NWE) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, NorthWestern Energy reported revenue of $1.61B, up 6.4% from $1.51B the year before. Net income was $181.1M (a 11.2% net margin), or $2.94 per diluted share. Gross margin was 20.2% and operating margin was 20.2%. Operating activities generated $394.5M of cash, leaving -$130.0M of free cash flow. At fiscal year end, NorthWestern Energy held $8.46B in total assets against $5.57B in total liabilities, including $8.8M of cash and equivalents.
Open the full interactive NorthWestern Energy financials → Quarterly statements, key ratios, valuation history and price charts.
NorthWestern Energy Key Stats
| Share Price | $75.26 |
|---|---|
| Market Cap | $4.65B |
| P/E Ratio | 25.6 |
| Revenue YoY Growth | +6.4% |
| 52-Week Range | $55.16 – $75.26 |
| Shares Outstanding | 61.5 million (basic, 2026 Q2) |
NorthWestern Energy Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $1.42B | $1.51B | $1.61B |
| Cost of Goods Sold | $1.12B | $1.19B | $1.28B |
| Gross Profit | $300.5M | $323.3M | $325.8M |
| Operating Income | $300.5M | $323.3M | $325.8M |
| Pre-Tax Income | $201.7M | $214.7M | $187.6M |
| Income Tax | $7.5M | -$9.4M | $6.5M |
| Net Income | $194.1M | $224.1M | $181.1M |
| Diluted EPS | $3.22 | $3.65 | $2.94 |
NorthWestern Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $387.0M | $414.3M | $497.6M | $392.6M |
| Net Income | $38.2M | $44.7M | $63.5M | $25.0M |
| Diluted EPS | $0.62 | $0.73 | $1.03 | $0.40 |
NorthWestern Energy Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $9.2M | $4.3M | $8.8M |
| Current Assets | $407.0M | $418.2M | $503.9M |
| Total Assets | $7.60B | $8.00B | $8.46B |
| Current Liabilities | $534.9M | $802.2M | $697.5M |
| Total Long-Term Debt | $2.78B | $3.00B | $3.29B |
| Total Liabilities | $4.82B | $5.14B | $5.57B |
| Shareholders' Equity | $2.79B | $2.86B | $2.89B |
NorthWestern Energy Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | $489.2M | $406.7M | $394.5M |
| Cash From Investing | -$570.8M | -$554.5M | -$570.6M |
| Cash From Financing | $84.3M | $151.6M | $177.9M |
| Free Cash Flow | -$77.7M | -$142.5M | -$130.0M |
Figures from NorthWestern Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NorthWestern Energy financials page for every line item.
NorthWestern Energy Company Profile
| Ticker | NWE |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric & Other Services Combined |
| Headquarters | Sioux Falls, South Dakota |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001993004 |
Frequently Asked Questions
What was NorthWestern Energy's revenue in fiscal 2025?
NorthWestern Energy (NWE) reported revenue of $1.61B for fiscal 2025.
What is NorthWestern Energy's annual revenue history?
NorthWestern Energy's annual revenue by fiscal year: 2023: $1.42B; 2024: $1.51B; 2025: $1.61B.
What was NorthWestern Energy's net income in fiscal 2025?
NorthWestern Energy reported net income of $181.1M for fiscal 2025.
What was NorthWestern Energy's earnings per share (EPS) in fiscal 2025?
NorthWestern Energy's diluted EPS was $2.94 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did NorthWestern Energy generate in fiscal 2025?
NorthWestern Energy generated -$130.0M of free cash flow in fiscal 2025.
What was NorthWestern Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), NorthWestern Energy reported revenue of $392.6M.
How much debt does NorthWestern Energy have?
NorthWestern Energy reported $3.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of NorthWestern Energy are outstanding?
NorthWestern Energy reported a weighted average of 61.5 million basic shares outstanding in 2026 Q2.
What is NorthWestern Energy's market cap?
Based on its latest closing price, NorthWestern Energy (NWE) has a market capitalization of about $4.65B.
When does NorthWestern Energy's fiscal year end?
NorthWestern Energy's fiscal year end, as registered with the SEC, is December 31.
Where is NorthWestern Energy headquartered?
NorthWestern Energy lists its business address in Sioux Falls, South Dakota in its SEC filings.