5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.1% per year over the past 4 years.
Net income has grown slower than revenue (-0.8% vs 4.1% per year).
Operating margin has been roughly flat, at 20.2% in the latest year.
Financial health
Total debt ($3.4B) exceeds cash ($9M); net debt is $3.4B.
Total debt has grown faster than revenue (7.5% vs 4.1% per year).
Operating income covered interest expense 2.2× in the latest year, down from 2.9× 4 years ago.
Total debt is 6.0× EBITDA.
Shareholder returns
Dividends have been paid for 5 consecutive years, consuming 89.1% of earnings.
The dividend has grown 5.9% per year over the past 4 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.6B
$181M
0.0%
20.2%
-$130M
$3.4B
$9M
2024
$1.5B
$224M
0.0%
21.4%
-$143M
$3.1B
$4M
2023
$1.4B
$194M
0.0%
21.1%
-$78M
$2.8B
$9M
2022
$1.5B
$183M
0.0%
17.8%
-$208M
$2.8B
$8M
2021
$1.4B
$187M
0.0%
20.1%
-$214M
—
$3M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$498M
$63M
0.0%
22.9%
$43M
$3.4B
$6M
Dec '25
$414M
$45M
0.0%
14.5%
-$94M
$3.4B
$9M
Sep '25
$387M
$38M
0.0%
20.7%
-$27M
$3.3B
$6M
Jun '25
$343M
$21M
0.0%
17.7%
-$71M
$3.2B
$3M
Mar '25
$467M
$77M
0.0%
26.7%
$61M
$3.1B
$56M
Dec '24
$373M
$81M
0.0%
24.6%
-$86M
$3.1B
$4M
Sep '24
$345M
$47M
0.0%
19.7%
-$33M
$3.0B
$3M
Jun '24
$320M
$32M
0.0%
19.3%
-$76M
$2.9B
$6M
Mar '24
$475M
$65M
0.0%
21.5%
$53M
$2.8B
$4M
Dec '23
$356M
$83M
0.0%
29.0%
-$97M
$2.8B
$9M
Sep '23
$321M
$29M
0.0%
17.3%
-$11M
$2.6B
$5M
Jun '23
$291M
$19M
0.0%
15.7%
-$46M
—
$8M
Mar '23
$455M
$63M
0.0%
21.1%
$77M
—
$11M
Dec '22
$425M
$67M
0.0%
19.6%
-$131M
$2.8B
$8M
Sep '22
$335M
$27M
0.0%
14.4%
—
—
$9M
Valuation over time
How the market has priced NWE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 19.5× (Mar '23) to 24.3× (Jun '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 2.7× (Jun '26).
The dividend yield has fallen from 3.9% (Mar '23) to 3.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is NWE growing its revenue and profit?
Over the past 4 years, Northwestern Energy Group, Inc.'s revenue has grown 4.1% per year, and net income declined 0.8% per year. These are computed facts, not advice.
How much debt does NWE have?
As of FY2025, Northwestern Energy Group, Inc. reported $3.4B of total debt against $9M of cash; operating income covered interest expense 2.2×.
What is NWE's profit margin?
In FY2025, gross margin was —, operating margin 20.2%, and net margin 11.2%.
What is NWE's P/E ratio?
As of Jun '26, Northwestern Energy Group, Inc. traded at a price-to-earnings ratio of about 24.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.