Northwestern Energy Group Inc (NWE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
NWE Revenue Growth
Revenue Breakdown (FY 2025)
NWE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NWE Revenue Analysis (2014–2025)
As of May 8, 2026, Northwestern Energy Group Inc (NWE) generated trailing twelve-month (TTM) revenue of $1.64 billion, reflecting solid growth of +6.6% year-over-year. The most recent quarter (Q1 2026) recorded $497.6 million in revenue, up 20.1% sequentially.
Looking at the longer-term picture, NWE's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.61 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NWE's business is primarily driven by Electricity, US Regulated (79%), and Natural Gas, US Regulated (21%). With over half of revenue concentrated in Electricity, US Regulated, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including AVA (-1.5% YoY), OTTR (-0.5% YoY), and IDA (-1.5% YoY), NWE has underperformed the peer group in terms of revenue growth. Compare NWE vs AVA →
NWE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NWECurrent | $1.6B | +6.6% | +6.1% | 20.2% | |
 AVA | $2.0B | -1.5% | +8.2% | 18.0% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% | |
 IDA | $1.8B | -1.5% | +6.1% | 21.9% | |
 POR | $3.4B | +1.1% | +9.5% | 16.4% | |
 MGEE | $744M | +8.9% | +6.7% | 22.9% |
NWE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.61B | +6.4% | $1.33B | 82.3% | $325.8M | 20.2% |
| 2024 | $1.51B | +6.5% | $1.29B | 85.0% | $323.3M | 21.4% |
| 2023 | $1.42B | -3.8% | $781.4M | 54.9% | $300.5M | 21.1% |
| 2022 | $1.48B | +7.7% | $764.4M | 51.7% | $263.1M | 17.8% |
| 2021 | $1.37B | +14.5% | $946.8M | 69.0% | $275.7M | 20.1% |
| 2020 | $1.20B | -4.7% | $892.5M | 74.5% | $236.2M | 19.7% |
| 2019 | $1.26B | +5.5% | $730.8M | 58.1% | $276.9M | 22.0% |
| 2018 | $1.19B | -8.7% | $919.1M | 77.1% | $266.3M | 22.3% |
| 2017 | $1.31B | +3.9% | $895.3M | 68.6% | $261.4M | 20.0% |
| 2016 | $1.26B | +3.5% | $856.3M | 68.1% | $245.9M | 19.6% |
See NWE's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NWE Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NWE vs GEV
Side-by-side business, growth, and profitability comparison vs GE Vernova Inc..
Start ComparisonNWE — Frequently Asked Questions
Quick answers to the most common questions about buying NWE stock.
Is NWE's revenue growth accelerating or slowing?
NWE maintains +6.6% revenue growth, in line with its 5-year CAGR of +6.1%. TTM revenue stands at $1.6B. Growth rate remains consistent with historical average.
What is NWE's long-term revenue growth rate?
Northwestern Energy Group Inc's 5-year revenue CAGR of +6.1% reflects the sustained expansion pattern. Current YoY growth of +6.6% is near this long-term average.
How is NWE's revenue distributed by segment?
NWE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.