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NWE NorthWestern Energy Group Inc

NASDAQ
Utilities
Utilities

$74.76

▲ 1.2%

Updated Oct 16, 2:25 PM ET

Report Card

NWE at a glance — five pillars scored 0–100 from real filed financials.

How the 0–100 rating is calculated
Value
—
Growth
—
Profitability
16
Health
16
Dividends
—

Overall: not rated yet. This stock's fundamentals ratios aren't loaded, so only the pillars its filings support are scored.

Key Metrics

Market Cap

—

P/E

—

Forward P/E (est.)

—

ROE

—

Revenue Growth

—

EPS Growth

—

Profit Margin

—

FCF Yield

—

Debt / Equity

—

ROIC

4.0%

Interest Coverage

—

Current Ratio

0.83x

Dividend Yield

—

Implied Growth (rev. DCF)

—

Rating Score

Not rated

Business Overview

Research

NorthWestern Energy Group Inc (NWE) is a NASDAQ-listed company in the Utilities industry, within the Utilities sector.

In its latest reported year it generated about $1.61B in revenue and $181.09M in net profit.

Our model hasn't rated NWE yet because its fundamentals ratios (P/E, margins, returns on capital, leverage) aren't loaded. Any financial history below comes straight from its SEC filings and refreshes automatically.

Economic Moat

Evidence of durable competitive advantage in the filed financials (5 years of history).

Profit margins and economic moats, explained
Narrow moat signalsMoat evidence score: 45/100

Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.

Operating margin level48/100

20.9% average over the last 3 years

Operating margin stability84/100

±1.3 pts around 20.1% across 5 years

Revenue durability64/100

grew in 3 of the last 4 year-over-year periods

Free-cash-flow consistency0/100

positive in 0 of 5 years

Return on invested capital0/100

4.0% latest fiscal year

A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.

Revenue Growth

Research
How to read an income statement

4Y CAGR

4.1%

Revenue moved from $1.37B in 2021 to $1.61B in 2025, a 4.1% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.

0/1 checks passedROIC above 10%

Gross Margin

—

Operating Margin

20.2%

Net Margin

11.2%

ROE

—

Debt Analysis

Research
0/1 checks passedShort-term bills covered

Total Debt

$3.29B

Net Debt

$3.28B

Net Debt / EBITDA

10.07x

Debt / Equity

—

Leverage: debt-to-equity is n/a, with a current ratio of 0.8x. Detailed balance-sheet leverage is limited for this name. It carries roughly $3.29B of total debt against $4.18M of cash.

Cash Flow Analysis

Research

Operating CF

$394.45M

Free Cash Flow

-$130.00M

FCF Margin

-8.1%

In the latest year NorthWestern Energy Group Inc produced about $394.45M of operating cash flow but negative free cash flow as it invested heavily. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Dividend Safety

Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.

What to look for in a dividend stock
At RiskSafety score: 32/100

Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.

Per share (latest FY)

$2.64

Total paid (latest FY)

$161.39M

History on record

5 years

Free-cash-flow coverage0/100

free cash flow was negative in the latest year — the dividend is being financed

Earnings payout ratio11/100

89% of net income paid out

Raise streak50/100

total dividends increased 4 years in a row

Cut history100/100

no cuts in the last 5 years on record

Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.

Valuation Analysis

Research
What is a reasonable P/E ratio?

P/E

—

P/S

—

P/B

—

EV / EBITDA

—

NWE trades at n/a trailing earnings. Its valuation ratios aren't loaded yet, so there is no P/E to judge here.

Metrics vs. Sector Range

Where NWE sits versus the Utilities companies we cover.

TTM P/E
——
Forward P/E
——
P/S ratio
——
Revenue growth
——
EPS growth
——
Gross margin
——
Net margin
——
ROE
——

Bands show the middle half (25th–75th percentile) of the 38 Utilities companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How NWE stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.

NWE doesn't have a model rating yet (its fundamentals ratios aren't loaded), so it isn't ranked against the 38 rated Utilities companies we cover.

P/E vs sector

—

median 20.5x

ROE vs sector

—

median 10.3%

Growth vs sector

—

median 8.8%

Sector rank

—

not rated yet

CompanyP/ERev Gr.Rating
NWEThis stock——Not rated
OGE22.3x4.1%Neutral· 49
WTRG20.2x13.1%Neutral· 57
EMA19.7x13.4%Neutral· 55
KEP2.8x3.4%Neutral· 47
SBS12.1x-20.9%Favorable· 67
FTS23.1x4.3%Neutral· 50
NGG18.9x-6.2%Neutral· 46
Utilities median20.5x8.8%54/100

Valuation vs. quality map

sector medianOGEWTRGEMAKEPSBSFTSNGGP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Utilities companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 38 rated companies among the 47 Utilities stocks we cover. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

What drives this projection, and its limits

2030 scenario price range (Base Case)

$50.78 – $84.63

vs. $74.76 today · implied CAGR -7% – 3%

Metric20262027202820292030
Revenue$1.74B$1.88B$2.03B$2.19B$2.37B
Net income$191.33M$206.64M$223.17M$241.03M$260.31M
EPS$3.11$3.36$3.63$3.92$4.23
Share price (low)$37.32$40.31$43.53$47.02$50.78
Share price (high)$62.20$67.18$72.56$78.36$84.63
CAGR (low–high)-50% / -17%-27% / -5%-16% / -1%-11% / 1%-7% / 3%

Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions. Growth, margin or P/E data is missing for this stock, so some starting values above are placeholders rather than measurements.

Key Risks

Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Analyst Ratings

What 11 Wall Street analysts covering NWE recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.

Buy
consensus · score 3.8 / 5 across 11 analysts
Strong Buy 3Buy 3Hold 5Sell 0Strong Sell 0

Latest SEC Filings

NWE's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K

NWE — frequently asked questions

Is NWE a good stock to buy?

We don't give buy or sell advice. Review NorthWestern Energy Group Inc's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.

Where does NWE's data come from?

Live price data plus the annual financials in NorthWestern Energy Group Inc's SEC filings, refreshed automatically. Its fundamentals ratios aren't loaded yet, which is why it has no model rating.

How is the 5-year projection for NWE calculated?

It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.

Is this NWE analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell NWE. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.