NWE Stock Analysis: NorthWestern | NASDAQ
Utilities - Regulated Electric | NASDAQ, USA | Market Cap: 4.418m USD | 12M Return: 28% | US6680743050 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.1M
EPS Trend: 81.9%
Qual. Beats: 1
Rev. Trend: 92.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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. (NWE) is a multi-utility holding company that generates, purchases, transmits, and distributes electricity, and also produces, purchases, stores, transmits, and distributes natural gas to residential, commercial, and industrial customers. The company operates across Montana, South Dakota, Nebraska, and Yellowstone National Park, serving approximately 850,300 customers through an extensive network of electric transmission and distribution lines, natural gas transmission and distribution pipelines, substations, and city gate stations. It holds municipal franchises for natural gas service in certain communities and was incorporated in 1923, with headquarters in Sioux Falls, South Dakota.
As a multi-utility operating within the regulated Utilities sector, NorthWestern benefits from a business model that typically combines monopoly-like franchise rights within defined service territories with state-level rate regulation, allowing it to recover approved costs and earn a regulated return on infrastructure investment. Its vertically integrated operations, spanning generation, transmission, and distribution for both electricity and natural gas, provide diversification across fuel sources and customer classes within its geographic footprint.
- Montana rate case approvals accelerate rate base growth
- Multi-billion capital plan expands utility transmission and distribution
- Rising interest costs pressure earnings and capital spending
| 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 August 23, 2026, the stock is trading at USD 69.45 with a total of 431,480 shares traded. Over the past week, the price has changed by -2.38%, over one month by -2.36%, over three months by -1.42% and over the past year by +27.96%.
Current recommended Stop Loss: 67.30 (which is 3.1% or 1.4 ATR below the current price).
NorthWestern has received a consensus analysts rating of 4.10. Therefore, it is recommended to buy NWE.
- StrongBuy: 5
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 74.3 | 6.9% |
P/E Trailing = 25.9242
P/E Forward = 18.5185
P/S = 2.6118
P/B = 1.5258
P/EG = 2.8918
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 = 8.02b USD (4.42b + Debt 3.61b - CCE 4.18m)
Interest Coverage Ratio = 2.12 (Ebit TTM 334.5m / Interest Expense TTM 157.9m)
EV/FCF = -41.73x (Enterprise Value 8.02b / FCF TTM -192.2m)
FCF Yield = -2.40% (FCF TTM -192.2m / Enterprise Value 8.02b)
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 = 0.92 (Enterprise Value 8.02b / 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 = 5.29% (E(4.42b)/V(8.02b) * Re(6.13%) + D(3.61b)/V(8.02b) * Rd(4.38%) * (1-Tc(0.03)))
Discount Rate = 6.13% (= 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=0.78 | Chg30d=-1.95% | Revisions=+40% | Analysts=5
EPS current Year (2026-12-31): EPS=3.75 | Chg30d=+0.44% | Revisions=-29% | GrowthEPS=+4.7% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=3.96 | Chg30d=-0.11% | Revisions=-17% | GrowthEPS=+5.8% | GrowthRev=+6.9%
[Analyst] Revisions Ratio: -8% (up=4, down=5)