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MARKETS / NASDAQ / NWE
NASDAQ · ELECTRIC & OTHER SERVICES COMBINED · LARGE CAP

NorthWestern Energy Group, Inc. NWE

5 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$1.6B
▲ 6.4% YoY
$181.1M
▼ 19.2% YoY
$-130.0M
In brief

What this company does

The Company manages its businesses by the nature of services provided, and operates principally in two operating segments: electric utility operations and natural gas utility operations. Its electric utility operations include the generation, purchase, transmission, and distribution of electricity, and its natural gas utility operations include the production, purchase, transmission, storage, and distribution of natural gas. The Company has provided service in South Dakota and Nebraska since 1923 and in Montana since 2002. NorthWestern Energy Group, Inc. was incorporated in Delaware on May 30, 2023.

Written from the business description in NorthWestern Energy Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.6B
Revenue, FY2025 · full 5-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income 0.2
0.8B1.6B20212022202320242025
Compound annual growth
+2.9%
−0.4%
−3.3%
+1.6%
+4.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.2% · Net 11.2%
10%20%20212022202320242025
ROE
FY2025 · ROE 6.3%
2%4%6%20212022202320242025

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders
USD 161.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -130.0
-80M-160M20212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 161.4 · Net buybacks —
80M160M20212022202320242025

USD 161.4M in dividends — 89% of the year's profit went back to shareholders.

Total assetsUSD 8.5B
EquityUSD 2.9B
CashUSD 8.8M
Gross debtUSD 3.3B
Net debtUSD 3.3B
Current ratio0.72×

Net debt stands at 114% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021
Revenue $B1.61.51.41.51.3
Operating income $B0.30.30.30.30.3
EBITDA $B0.60.60.50.50.5
Income tax $B0.0−0.00.0−0.00.0
Net income $B0.20.20.20.20.2
Free cash flow $B−0.1−0.1−0.1−0.2−0.2
EPS, diluted $2.943.653.223.253.60
Dividend / sh $2.642.602.562.522.48
Payout %8971797769
ROE %6.37.97.17.38.0
Shares out B0.060.060.060.06·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 58 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric & Other Services Combined
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2021

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