Northwestern Energy Group Inc (NWE) financials
Northwestern Energy Group revenue and earnings by year
Northwestern Energy Group's revenue was $1.61 billion in the fiscal year to December 31, 2025, up 6.4% from the year before. Net income was $181 million, 11.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.61 | 1.51 | 1.42 | 1.48 | 1.37 | 1.20 | 1.26 | 1.19 | 1.31 | 1.26 |
| Revenue growth | 6.4% | 6.5% | -3.8% | 7.7% | 14.5% | -4.7% | 5.5% | -8.7% | 3.9% | — |
| Gross profit | 1.20 | 1.08 | 1.00 | 0.99 | 0.95 | 0.89 | 0.94 | 0.92 | 0.90 | 0.86 |
| Gross margin | 74.6% | 71.3% | 70.4% | 66.7% | 69.0% | 74.5% | 74.7% | 77.1% | 68.6% | 68.1% |
| Operating income | 0.33 | 0.32 | 0.30 | 0.26 | 0.28 | 0.24 | 0.28 | 0.27 | 0.27 | 0.25 |
| Operating margin | 20.2% | 21.4% | 21.1% | 17.8% | 20.1% | 19.7% | 22.0% | 22.3% | 20.8% | 20.3% |
| Net income | 0.18 | 0.22 | 0.19 | 0.18 | 0.19 | 0.16 | 0.20 | 0.20 | 0.16 | 0.16 |
| Net margin | 11.2% | 14.8% | 13.7% | 12.4% | 13.6% | 12.9% | 16.1% | 16.5% | 12.5% | 13.1% |
| Diluted EPS | $2.94 | $3.65 | $3.22 | $3.25 | $3.60 | $3.06 | $3.98 | $3.92 | $3.33 | $3.38 |
| Free cash flow | -0.13 | -0.14 | -0.08 | -0.21 | -0.21 | -0.05 | -0.02 | 0.10 | 0.05 | 0.00 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NWE in Markets.
How Northwestern Energy Group makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Regulated Electric | $324M | 82.6% |
| Regulated Natural Gas | $68.3M | 17.4% |
See also: NWE valuation and P/E history · NWE returns
No forecast, no recommendation. This page describes Northwestern Energy Group Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.