NWE
$74.72+1.18%
NorthWestern Energy Group Inc.Stock · UtilitiesRussell 2000 0.1%Nasdaq Composite 0.01%US Stock Market 0.006%Russell 3000 0.006%
NWE financial statements
The full income statement, balance sheet, and cash-flow statement for NorthWestern Energy Group Inc. (NWE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 61.3M2024-09 61.3M2024-12 61.3M2025-03 61.4M2025-06 61.4M2025-09 61.4M2025-12 61.4M2026-03 61.5M2026-06 61.5M+0.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.61B+6.4% | 1.51B+6.5% | 1.42B-3.8% | 1.48B+7.7% | 1.37B+14.5% | |
| Selling, general & administrative | 158M+15.1% | 137M+17.1% | 117M+3.2% | 114M+11.7% | 102M+8.2% | |
| General & administrative | 158M+15.1% | 137M+17.1% | 117M+3.2% | 114M+11.7% | 102M+8.2% | |
| Operating income | 326M+0.8% | 323M+7.6% | 300M+14.2% | 263M-4.6% | 276M+16.7% | |
| Interest expense | 150M+14.2% | 132M+14.9% | 115M+14.5% | 100M+6.9% | 93.7M-3.2% | |
| Other non-operating income | 12.1M-47.5% | 23.0M+45.4% | 15.8M-18.5% | 19.4M+135.5% | 8.25M+70.0% | |
| Pre-tax income | 188M-12.6% | 215M+6.4% | 202M+10.6% | 182M-4.1% | 190M+31.9% | |
| Income tax | 6.47M+168.6% | -9.44M-225.2% | 7.54M+1346.1% | -605K-117.7% | 3.42M+131.2% | |
| Net income | 181M-19.2% | 224M+15.4% | 194M+6.1% | 183M-2.1% | 187M+20.4% | |
| $2.94-19.5% | $3.65+13.4% | $3.22-0.9% | $3.25-9.7% | $3.60+17.6% | ||
| EPS (basic) | $2.95-19.4% | $3.66+13.7% | $3.22-1.8% | $3.28-9.1% | $3.61+17.6% | |
| Weighted-avg shares (basic) | 61.4M+0.1% | 61.3M+1.6% | 60.3M+8.2% | 55.8M+7.9% | 51.7M+2.3% | |
| Weighted-avg shares (diluted) | 61.5M+0.3% | 61.4M+1.7% | 60.4M+7.2% | 56.3M+8.5% | 51.9M+2.3% | |
| Dividends per share | $2.64+1.5% | $2.60+1.6% | $2.56+1.6% | $2.52+1.6% | $2.48+3.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 504M+20.5% | 418M+2.7% | 407M-24.5% | 539M+23.1% | 438M+41.8% | ||
| Cash & equivalents | 8.78M+105.0% | 4.28M-53.3% | 9.16M+8.0% | 8.49M+201.0% | 2.82M-51.5% | |
| Accounts receivable | 210M+11.7% | 188M-11.5% | 212M-13.3% | 245M+23.3% | 199M+18.1% | |
| Inventory | 133M+7.8% | 123M+7.3% | 115M+6.7% | 107M+33.2% | 80.6M+32.1% | |
| Other current assets | 38.0M-1.6% | 38.6M+52.0% | 25.4M-9.4% | 28.0M+15.8% | 24.2M+39.3% | |
| 8.46B+5.8% | 8.00B+5.2% | 7.60B+3.9% | 7.32B+7.9% | 6.78B+6.1% | ||
| Property, plant & equipment | 6.74B+5.3% | 6.40B+5.9% | 6.04B+6.8% | 5.66B+7.8% | 5.25B+5.9% | |
| Goodwill | 368M+2.8% | 358M+0.0% | 358M+0.0% | 358M+0.0% | 358M+0.0% | |
| Other non-current assets | 76.6M+29.7% | 59.1M+12.9% | 52.3M+10.5% | 47.3M+0.4% | 47.1M-31.5% | |
| 697M-13.1% | 802M+50.0% | 535M-13.8% | 621M+63.5% | 380M-18.6% | ||
| Accounts payable | 130M+16.0% | 112M-10.1% | 124M-38.3% | 201M+74.9% | 115M+14.8% | |
| Accrued liabilities | 272M+7.0% | 255M+3.4% | 246M-1.8% | 251M+7.4% | 233M+12.5% | |
| Short-term & current debt | 105M-65.0% | 300M+200.1% | 100.0M-30.8% | 145M | 0.00 | |
| Finance lease liability (current) | 1.86M-48.1% | 3.60M+7.7% | 3.34M+7.7% | 3.10M+7.8% | 2.88M+7.8% | |
| 5.57B+8.4% | 5.14B+6.7% | 4.82B+3.5% | 4.65B+4.8% | 4.44B+3.0% | ||
| Long-term debt | 3.18B+18.0% | 2.70B+0.4% | 2.68B+8.5% | 2.47B-2.6% | 2.54B+9.8% | |
| Finance lease liability (total) | 1.86M-65.8% | 5.46M-37.9% | 8.80M-26.0% | 11.9M-19.5% | 14.8M-15.3% | |
| Finance lease liability | 0.00-100.0% | 1.86M-65.8% | 5.46M-37.9% | 8.80M-26.0% | 11.9M-19.5% | |
| Deferred tax liabilities | 733M+10.5% | 663M+10.5% | 601M+11.4% | 539M+7.9% | 500M+5.9% | |
| Other non-current liabilities | 284M-10.3% | 316M-4.9% | 332M-6.5% | 355M-3.8% | 369M-10.1% | |
| 2.89B+1.0% | 2.86B+2.6% | 2.79B+4.5% | 2.67B+13.9% | 2.34B+12.5% | ||
| Common stock | 649K+0.2% | 648K+0.0% | 648K+2.4% | 633K+9.9% | 576K+6.5% | |
| Additional paid-in capital | 2.09B+0.4% | 2.08B+0.3% | 2.08B+4.0% | 2.00B+16.5% | 1.72B+13.4% | |
| Retained earnings | 897M+2.2% | 877M+8.1% | 811M+5.2% | 771M+5.9% | 728M+8.7% | |
| Treasury stock | 97.5M+0.1% | 97.4M-0.5% | 97.9M-0.5% | 98.4M+0.1% | 98.2M+0.2% | |
| Accumulated other comprehensive income | -6.06M+9.6% | -6.70M+12.4% | -7.66M+2.4% | -7.85M-7.4% | -7.31M-0.6% | |
| Total liabilities & equity | 8.46B+5.8% | 8.00B+5.2% | 7.60B+3.9% | 7.32B+7.9% | 6.78B+6.1% | |
| Common shares issued | 64.9M+0.1% | 64.8M+0.1% | 64.8M+2.3% | 63.3M+9.8% | 57.6M+6.4% | |
| Common shares outstanding | 61.4M+0.2% | 61.3M+0.1% | 61.2M+2.5% | 59.7M+10.5% | 54.1M+6.9% | |
| Shares outstanding (cover) | 61.4M+0.2% | 61.3M+0.1% | 61.3M+2.5% | 59.8M+10.5% | 54.1M+6.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 394M-3.0% | 407M-16.9% | 489M+59.2% | 307M+39.7% | 220M-37.5% | ||
| Depreciation & amortization | 250M+9.6% | 228M+8.2% | 210M+7.9% | 195M+4.0% | 187M+4.4% | |
| Share-based compensation | 6.99M+48.0% | 4.72M-8.8% | 5.18M-5.7% | 5.49M+2.6% | 5.35M+28.9% | |
| Deferred income taxes | 7.12M+179.4% | -8.97M-236.2% | 6.58M+173.2% | -8.99M-1812.8% | 525K+106.9% | |
| Change in receivables | 20.5M+183.6% | -24.5M+25.1% | -32.7M-170.6% | 46.3M+52.0% | 30.4M+3594.4% | |
| Change in inventory | 6.19M-26.4% | 8.40M+17.0% | 7.18M-73.2% | 26.7M+36.4% | 19.6M+176.7% | |
| Change in payables | -4.35M-158.8% | 7.40M+113.5% | -54.7M-208.3% | 50.5M+574.4% | 7.49M-53.3% | |
| -571M-2.9% | -554M+2.9% | -571M-10.4% | -517M-18.6% | -436M-7.4% | ||
| Capital expenditure | 524M-4.5% | 549M-3.1% | 567M+10.0% | 515M+18.6% | 434M+7.0% | |
| Free cash flow | -130M+8.8% | -143M-83.5% | -77.7M+62.6% | -208M+3.0% | -214M-299.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 10.2M+117.0% | 4.72M+20.3% | 3.92M+128.2% | 1.72M+14.2% | 1.50M+3483.3% | |
| Other investing activities | 0.00-100.0% | 500K | 0.00 | 0.00 | — | |
| 178M+17.4% | 152M+79.8% | 84.3M-60.5% | 213M-1.9% | 218M+270.7% | ||
| Long-term debt issued | 602M+180.0% | 215M-28.3% | 300M | 0.00-100.0% | 99.9M-33.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 73.6M-73.4% | 277M+41.1% | 196M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 161M+1.8% | 159M+2.9% | 154M+10.0% | 140M+9.0% | 128M+6.8% | |
| Interest paid | 137M+6.7% | 128M+21.9% | 105M+10.3% | 95.4M+9.4% | 87.2M+2.7% | |
| Income taxes paid | 227K+105.3% | -4.28M-418.0% | -827K-117.6% | 4.71M+8.7% | 4.33M+3665.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.97B+21.0% | 3.28B+5.2% | 3.12B-9.1% | 3.43B+10.9% | 3.09B+4.7% | |
| P/E | 21.9×+49.7% | 14.6×-16.6% | 17.5×-14.3% | 20.5×+23.6% | 16.5×-13.0% | |
| P/S | 2.5×+13.7% | 2.2×+3.6% | 2.1×-14.7% | 2.4×+8.7% | 2.3×-8.5% | |
| P/B | 1.4×+19.8% | 1.1×+0.9% | 1.1×-15.8% | 1.4×+2.3% | 1.3×-6.9% | |
| Earnings yield | 4.6%-33.2% | 6.8%+19.9% | 5.7%+16.7% | 4.9%-19.1% | 6.0%+14.9% | |
| Dividend yield | 4.1%-15.9% | 4.9%-3.3% | 5.0%+18.5% | 4.2%-2.1% | 4.3%+5.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by NorthWestern Corporation until Oct 2, 2023 and by Northwestern Energy Group, Inc. since.
About this data
Source: NWE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NWE filings on SEC EDGAR → Not investment advice.