NWE Stock Analysis: NorthWestern | NASDAQ
Utilities - Regulated Electric | NASDAQ, USA | Market Cap: 4.216m USD | 12M Return: 30.6% | US6680743050 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 34.0M
EPS Trend: 81.9%
Qual. Beats: 1
Rev. Trend: 92.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NorthWestern Energy Group, Inc. (NASDAQ: NWE), doing business as NorthWestern Energy, is a U.S.-based regulated utility holding company that generates, purchases, transmits, and distributes electricity, and also produces, purchases, stores, transmits, and distributes natural gas to residential, commercial, and diversified industrial customers. The company serves roughly 850,300 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, and holds municipal natural gas franchises in the communities it serves. Its infrastructure footprint includes thousands of miles of electric transmission and distribution lines, natural gas transmission and distribution pipelines, and numerous substations and city gate stations across its three-state service territory. Headquartered in Sioux Falls, South Dakota, NorthWestern was incorporated in 1923 and operates as a mid-cap multi-utility within the broader utilities sector.
As a regulated multi-utility, NorthWestern operates under state-level public utility commissions in each jurisdiction it serves, which set allowed rates of return and approve capital investment plans-a structure that typically provides stable, predictable cash flows but limits upside potential compared with unregulated energy companies. Multi-utilities benefit from diversification across electricity and natural gas lines of business, which can help smooth earnings across different weather and consumption patterns, though they remain capital-intensive businesses that require ongoing investment in poles, wires, pipelines, and generation assets to maintain reliability and meet regulatory standards.
- Montana rate case ruling boosts allowed return on equity
- Record capital expenditure expands electric and gas rate base
- Extreme winter weather spikes natural gas demand and revenue
| Net Income: 171.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.63 > 1.0 |
| NWC/Revenue: -5.99% < 20% (prev -8.79%; Δ 2.80% < -1%) |
| CFO/TA 0.05 > 3% & CFO 416.1m > Net Income 171.4m |
| Net Debt (3.60b) to EBITDA (593.0m): 6.07 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (61.5m) vs 12m ago 0.18% < -2% |
| Gross Margin: 66.49% > 18% (prev 58.67%; Δ 7.82% > 0.5%) |
| Asset Turnover: 20.09% > 50% (prev 18.78%; Δ 1.31% > 0%) |
| Interest Coverage Ratio: 2.12 > 6 (EBIT TTM 334.5m / Interest Expense TTM 157.9m) |
| A: -0.01 (Total Current Assets 481.6m - Total Current Liabilities 583.0m) / Total Assets 8.70b |
| B: 0.10 (Retained Earnings 903.1m / Total Assets 8.70b) |
| C: 0.04 (EBIT TTM 334.5m / Avg Total Assets 8.42b) |
| D: 0.50 (Book Value of Equity 2.90b / Total Liabilities 5.81b) |
| Altman-Z'' = 1.05 = BB |
| DSRI: 0.98 (Receivables 168.8m/154.9m, Revenue 1.69b/1.53b) |
| GMI: 0.88 (GM 58.67% / 66.49%) |
| AQI: 1.03 (AQ_t 0.15 / AQ_t-1 0.15) |
| SGI: 1.11 (Revenue 1.69b / 1.53b) |
| TATA: -0.03 (NI 171.4m - CFO 416.1m) / TA 8.70b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of October 08, 2026, the stock is trading at USD 73.97 with a total of 1,793,372 shares traded. Over the past week, the price has changed by +8.17%, over one month by +3.05%, over three months by +5.54% and over the past year by +30.56%.
Current recommended Stop Loss: 70.40 (which is 4.8% or 2.5 ATR below the current price).
NorthWestern has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold NWE.
- StrongBuy: 2
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 73.8 | -0.3% |
P/E Trailing = 24.7401
P/E Forward = 17.3611
P/S = 2.4925
P/B = 1.4605
P/EG = 2.7123
Revenue TTM = 1.69b USD
EBIT TTM = 334.5m USD
EBITDA TTM = 593.0m USD
Long Term Debt = 3.44b USD (from longTermDebt, last quarter)
Short Term Debt = 146.7m USD (from shortTermDebt, last quarter)
Debt = 3.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 9.44m
Net Debt = 3.60b USD (calculated: Debt 3.61b - CCE 4.18m)
Enterprise Value = 7.82b USD (4.22b + Debt 3.61b - CCE 4.18m)
Interest Coverage Ratio = 2.12 (Ebit TTM 334.5m / Interest Expense TTM 157.9m)
EV/FCF = -40.68x (Enterprise Value 7.82b / FCF TTM -192.2m)
FCF Yield = -2.46% (FCF TTM -192.2m / Enterprise Value 7.82b)
FCF Margin = -11.36% (FCF TTM -192.2m / Revenue TTM 1.69b)
Net Margin = 10.13% (Net Income TTM 171.4m / Revenue TTM 1.69b)
Gross Margin = 66.49% ((Revenue TTM 1.69b - Cost of Revenue TTM 566.7m) / Revenue TTM)
Gross Margin QoQ = 79.85% (prev 57.31%)
Tobins Q-Ratio = 0.90 (Enterprise Value 7.82b / Total Assets 8.70b)
Interest Expense / Debt = 4.38% (Interest Expense 157.9m / Debt 3.61b)
Taxrate = 2.92% (5.15m / 176.5m)
NOPAT = 324.7m (EBIT 334.5m * (1 - 2.92%))
Current Ratio = 0.83 (Total Current Assets 481.6m / Total Current Liabilities 583.0m)
Debt / Equity = 1.25 (Debt 3.61b / totalStockholderEquity, last quarter 2.90b)
Debt / EBITDA = 6.07 (Net Debt 3.60b / EBITDA 593.0m)
Debt / FCF = -18.74 (negative FCF - burning cash) (Net Debt 3.60b / FCF TTM -192.2m)
Total Stockholder Equity = 2.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.04% (Net Income 171.4m / Total Assets 8.70b)
RoE = 5.92% (Net Income TTM 171.4m / Total Stockholder Equity 2.89b)
RoCE = 5.28% (EBIT 334.5m / Capital Employed (Equity 2.89b + L.T.Debt 3.44b))
RoIC = 3.93% (NOPAT 324.7m / Invested Capital 8.26b)
WACC = 5.36% (E(4.22b)/V(7.82b) * Re(6.30%) + D(3.61b)/V(7.82b) * Rd(4.38%) * (1-Tc(0.03)))
Discount Rate = 6.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.65 | Cagr: 0.15%
[DCF] Fair Price = unknown (Cash Flow -192.2m)
EPS Correlation: 81.91 | EPS CAGR: 5.64% | SUE: 2.71 | # QB: 1
Revenue Correlation: 92.14 | Revenue CAGR: 5.49% | SUE: 1.06 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.80 | Chg30d=+1.82% | Revisions=+40% | Analysts=7
EPS current Year (2026-12-31): EPS=3.73 | Chg30d=-0.45% | Revisions=-29% | GrowthEPS=+4.3% | GrowthRev=+8.4%
EPS next Year (2027-12-31): EPS=3.96 | Chg30d=-0.10% | Revisions=+0% | GrowthEPS=+6.1% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +0% (up=5, down=5)