SequelSEC

NorthWestern Energy Group, Inc. NWE

Electric & Other Services Combined · CIK 0001993004 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$1.61B
Fiscal year ended 2025-12-31
Operating income
$325.82M
Fiscal year ended 2025-12-31
Free cash flow
-$130.00M
Fiscal year ended 2025-12-31

NorthWestern Energy Group, Inc. (NWE) reported revenue of $1.61B and net income of $181.09M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from NorthWestern Energy Group, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric & Other Services Combined.

Income

NorthWestern Energy Group, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue$1.61B$1.51B$1.42B$1.48B$1.37B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$325.82M$323.32M$300.46M$263.08M$275.68M
Net income$181.09M$224.11M$194.13M$183.01M$186.84M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 61.54Mshares 61.37Mshares 60.36Mshares 56.29Mshares 51.87M
Pretax income$187.56M$214.67M$201.67M$182.40M$190.26M
Income tax expense$6.47M-$9.44M$7.54M-$605.00K$3.42M
Diluted EPS$2.94$3.65$3.22$3.25$3.60
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$158.24M$137.44M$117.36M$113.78M$101.87M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

NorthWestern Energy Group, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Cash & equivalents$8.78M$4.28M$9.16M$8.49M$2.82M
Total assets$8.46B$8.00B$7.60B$7.32B$6.78B
Current assets$503.94M$418.19M$407.01M$538.82MUnavailable
Total liabilities$5.57B$5.14B$4.82B$4.65BUnavailable
Current liabilities$697.45M$802.20M$534.90M$620.84MUnavailable
Total equity incl. NCI$2.89B$2.86B$2.79B$2.67B$2.34B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$132.51M$122.94M$114.54M$107.36MUnavailable
Accounts receivable$209.75M$187.76M$212.26M$244.95MUnavailable
Goodwill$367.64M$357.59M$357.59M$357.59MUnavailable
Long-term debt$3.18B$2.70B$2.68B$2.47BUnavailable
Accounts payable$129.63M$111.79M$124.34M$201.50MUnavailable

Cash flow

NorthWestern Energy Group, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Operating cash flow$394.46M$406.74M$489.23M$307.24M$219.98M
Capital expenditures$524.46M$549.24M$566.89M$515.14M$434.33M
Investing cash flow-$570.63M-$554.46M-$570.81M-$516.86M-$435.83M
Financing cash flow$177.90M$151.55M$84.30M$213.32M$217.52M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$6.98M$4.72M$5.18M$5.49M$5.35M
Common dividends paid$161.39M$158.59M$154.05M$140.06M$128.48M
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$249.53M$227.64M$210.47M$195.02M$187.47M

Derived

NorthWestern Energy Group, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Free cash flow-$130.00M-$142.50M-$77.66M-$207.90M-$214.35M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin20.2%21.4%21.1%17.8%20.1%
FCF margin-8.1%-9.4%-5.5%-14.1%-15.6%
SBC / revenue0.4%0.3%0.4%0.4%0.4%
Current ratio0.72x0.52x0.76x0.87xUnavailable
Revenue YoY growth6.4%6.5%-3.8%7.7%Unavailable
Net margin11.2%14.8%13.7%12.4%13.6%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue32.6%36.3%39.9%34.9%31.6%
Long-term debt / equity1.10xUnavailableUnavailableUnavailableUnavailable
Effective tax rate3.5%-4.4%3.7%-0.3%1.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NWE in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-12View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-04-30View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.