Northwestern Energy Group Inc (NWE) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Diversified Utilities
EV/EBITDA
↑
13.17
+9% vs avg
5yr avg: 12.11
30Y Low7.0·High57.5
P/FCF
N/A
—
5yr avg: N/A
30Y Low12.2·High61.6
P/B Ratio
↑
1.49
↑+21% vs avg
5yr avg: 1.23
30Y Low1.1·High1.8
ROE
↓
6.3%
-15% vs avg
5yr avg: 7.4%
30Y Low-11%·High11%
Debt/EBITDA
↑
5.71
+2% vs avg
5yr avg: 5.61
30Y Low3.3·High29.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NWE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Northwestern Energy Group Inc trades at 23.8x earnings, 37% above its 5-year average of 17.3x, sitting at the 95th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a premium of 25%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $4.0B | $3.3B | $3.1B | $3.3B | $3.0B | $3.0B | $3.6B | $3.0B | $2.9B | $2.8B |
| Enterprise Value | $7.6B | $7.2B | $6.4B | $5.9B | $6.0B | $5.5B | $5.4B | $5.9B | $5.1B | $5.0B | $4.9B |
| P/E Ratio → | 23.77 | 21.95 | 14.65 | 15.80 | 18.26 | 15.88 | 19.06 | 18.01 | 15.16 | 17.87 | 16.78 |
| P/S Ratio | 2.67 | 2.46 | 2.17 | 2.16 | 2.26 | 2.16 | 2.47 | 2.89 | 2.51 | 2.22 | 2.19 |
| P/B Ratio | 1.49 | 1.37 | 1.15 | 1.10 | 1.25 | 1.27 | 1.42 | 1.78 | 1.54 | 1.61 | 1.64 |
| P/FCF | — | — | — | — | — | — | — | — | 30.46 | 61.58 | 2481.35 |
| P/OCF | 10.89 | 10.04 | 8.07 | 6.28 | 10.87 | 13.48 | 8.40 | 12.26 | 7.82 | 8.98 | 9.54 |
P/E links to full P/E history page with 30-year chart
NWE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Northwestern Energy Group Inc's enterprise value stands at 13.2x EBITDA, 9% above its 5-year average of 12.1x. The Utilities sector median is 11.9x, placing the stock at a 10% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.50 | 4.21 | 4.12 | 4.03 | 4.02 | 4.49 | 4.68 | 4.28 | 3.86 | 3.88 |
| EV / EBITDA | 13.17 | 12.58 | 11.58 | 11.46 | 13.02 | 11.92 | 12.95 | 13.09 | 11.58 | 11.77 | 12.02 |
| EV / EBIT | 23.25 | 21.43 | 18.41 | 18.51 | 21.11 | 19.44 | 22.33 | 21.86 | 18.88 | 18.76 | 19.37 |
| EV / FCF | — | — | — | — | — | — | — | — | 52.06 | 106.71 | 4385.39 |
NWE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Northwestern Energy Group Inc earns an operating margin of 20.2%, roughly in line with the Utilities sector average. ROE of 6.3% is modest, trailing the sector median of 9.3%. ROIC of 4.0% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.3% | 82.3% | 85.0% | 54.9% | 51.7% | 69.0% | 74.5% | 58.1% | 77.1% | 68.6% | 68.1% |
| Operating Margin | 20.2% | 20.2% | 21.4% | 21.1% | 17.8% | 20.1% | 19.7% | 22.0% | 22.3% | 20.0% | 19.6% |
| Net Profit Margin | 11.2% | 11.2% | 14.8% | 13.7% | 12.4% | 13.6% | 12.9% | 16.1% | 16.5% | 12.5% | 13.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 7.9% | 7.1% | 7.3% | 8.5% | 7.5% | 10.2% | 10.5% | 9.4% | 10.0% |
| ROA | 2.2% | 2.2% | 2.9% | 2.6% | 2.6% | 2.8% | 2.5% | 3.4% | 3.6% | 3.0% | 3.0% |
| ROIC | 4.0% | 4.0% | 4.2% | 4.2% | 3.9% | 4.4% | 4.0% | 5.0% | 5.0% | 5.1% | 5.0% |
| ROCE | 4.4% | 4.4% | 4.5% | 4.4% | 4.0% | 4.5% | 4.0% | 5.0% | 5.3% | 5.4% | 5.1% |
NWE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Northwestern Energy Group Inc carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (10% above the sector average of 5.2x). Net debt stands at $3.3B ($3.3B total debt minus $9M cash). Interest coverage of just 2.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.14 | 1.14 | 1.09 | 1.00 | 0.99 | 1.09 | 1.17 | 1.10 | 1.09 | 1.19 | 1.27 |
| Debt / EBITDA | 5.71 | 5.71 | 5.63 | 5.47 | 5.74 | 5.52 | 5.85 | 5.01 | 4.82 | 5.00 | 5.23 |
| Net Debt / Equity | — | 1.14 | 1.08 | 1.00 | 0.98 | 1.09 | 1.17 | 1.10 | 1.09 | 1.18 | 1.26 |
| Net Debt / EBITDA | 5.70 | 5.70 | 5.62 | 5.45 | 5.72 | 5.51 | 5.84 | 5.00 | 4.80 | 4.98 | 5.22 |
| Debt / FCF | — | — | — | — | — | — | — | — | 21.59 | 45.13 | 1904.05 |
| Interest Coverage | 2.25 | 2.25 | 2.63 | 2.76 | 2.82 | 3.03 | 2.49 | 2.83 | 2.94 | 2.91 | 2.65 |
NWE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.72x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.72 | 0.52 | 0.76 | 0.87 | 1.15 | 0.66 | 0.90 | 0.80 | 0.47 | 0.46 |
| Quick Ratio | 0.53 | 0.53 | 0.37 | 0.55 | 0.69 | 0.94 | 0.53 | 0.74 | 0.65 | 0.39 | 0.38 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
| Asset Turnover | — | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.19 | 0.21 | 0.21 | 0.24 | 0.23 |
| Inventory Turnover | 2.15 | 2.15 | 1.85 | 5.59 | 6.65 | 5.28 | 5.02 | 9.77 | 5.37 | 7.83 | 8.15 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NWE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Northwestern Energy Group Inc returns 3.8% to shareholders annually primarily through dividends. The payout ratio of 89.1% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 4.1% | 4.8% | 5.0% | 4.2% | 4.3% | 4.1% | 3.2% | 3.7% | 3.5% | 3.5% |
| Payout Ratio | 89.1% | 89.1% | 70.8% | 79.4% | 76.5% | 68.8% | 77.5% | 57.0% | 55.4% | 62.2% | 58.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 4.6% | 6.8% | 6.3% | 5.5% | 6.3% | 5.2% | 5.6% | 6.6% | 5.6% | 6.0% |
| FCF Yield | — | — | — | — | — | — | — | — | 3.3% | 1.6% | 0.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 4.1% | 4.8% | 5.0% | 4.2% | 4.3% | 4.1% | 3.2% | 3.7% | 3.5% | 3.5% |
| Shares Outstanding | — | $61M | $61M | $60M | $56M | $52M | $51M | $51M | $50M | $49M | $48M |
Peer Comparison
Compare NWE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NWEYou | $4B | 23.8 | 13.2 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 AVA | $3B | 16.7 | 10.3 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 OTTR | $4B | 13.4 | 9.5 | 37.5 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 IDA | $8B | 24.1 | 17.3 | — | 22.1% | 21.9% | 9.4% | 4.6% | 5.6 |
 POR | $6B | 18.2 | 10.0 | — | 33.6% | 16.4% | 7.7% | 4.5% | 4.9 |
 MGEE | $3B | 20.4 | 13.1 | — | 97.3% | 22.9% | 10.7% | 6.1% | 3.3 |
 BKH | $6B | 18.3 | 12.2 | — | 38.5% | 23.3% | 7.8% | 4.9% | 5.7 |
 NWN | $2B | 17.7 | 7.8 | — | 39.6% | 31.4% | 7.9% | 8.1% | 4.5 |
 SR | $5B | 17.6 | 11.9 | — | 78.1% | 21.2% | 8.2% | 4.7% | 6.4 |
 SWX | $6B | 14.6 | 11.6 | — | 29.3% | 24.4% | 11.5% | 4.7% | 4.4 |
 RGCO | $255M | 19.0 | 13.4 | 31.0 | 34.5% | 19.4% | 12.0% | 5.4% | 5.0 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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NWE — Frequently Asked Questions
Quick answers to the most common questions about buying NWE stock.
What is Northwestern Energy Group Inc's P/E ratio?
Northwestern Energy Group Inc's current P/E ratio is 23.8x. The historical average is 17.5x. This places it at the 95th percentile of its historical range.
What is Northwestern Energy Group Inc's EV/EBITDA?
Northwestern Energy Group Inc's current EV/EBITDA is 13.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is Northwestern Energy Group Inc's ROE?
Northwestern Energy Group Inc's return on equity (ROE) is 6.3%. The historical average is 7.6%.
Is NWE stock overvalued?
Based on historical data, Northwestern Energy Group Inc is trading at a P/E of 23.8x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Northwestern Energy Group Inc's dividend yield?
Northwestern Energy Group Inc's current dividend yield is 3.76% with a payout ratio of 89.1%.
What are Northwestern Energy Group Inc's profit margins?
Northwestern Energy Group Inc has 82.3% gross margin and 20.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Northwestern Energy Group Inc have?
Northwestern Energy Group Inc's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.