NorthWestern Corporation
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| – | – | – | – | – | – | – | – | – | 18.9 | 34.6 | 20.5 | 13.3 | 12.9 | 13.5 | 14.2 | 13.0 | 17.6 | 18.8 | 17.1 | 16.8 | 17.9 | 15.2 | 18.0 | 19.0 | 15.9 | 18.2 | 15.8 | 14.7 | 21.9 | |
| – | – | – | – | – | – | – | – | 5.1 | 1.0 | 1.2 | 0.9 | 0.7 | 0.8 | 0.9 | 1.2 | 1.2 | 1.4 | 1.9 | 2.1 | 2.2 | 2.2 | 2.5 | 2.9 | 2.5 | 2.2 | 2.3 | 2.2 | 2.2 | 2.5 | |
| – | – | – | – | – | – | – | – | 1.5 | 1.5 | 1.8 | 1.3 | 1.2 | 1.2 | 1.3 | 1.5 | 1.4 | 1.6 | 1.5 | 1.6 | 1.6 | 1.6 | 1.5 | 1.8 | 1.4 | 1.3 | 1.3 | 1.1 | 1.1 | 1.4 | |
| – | – | – | – | – | – | – | – | 9.1 | 1.6 | 1.8 | 1.6 | 1.4 | 1.7 | 1.9 | 2.1 | 2.3 | 2.5 | 3.5 | 3.8 | 3.9 | 3.8 | 4.3 | 4.7 | 4.5 | 4.0 | 4.0 | 4.1 | 4.2 | 4.6 | |
| – | – | – | – | – | – | – | – | 57.3 | 8.9 | 11.3 | 8.6 | 7.0 | 8.0 | 8.1 | 8.8 | 8.5 | 10.2 | 13.9 | 11.0 | 11.7 | 11.5 | 11.5 | 13.3 | 12.8 | 11.7 | 12.5 | 11.1 | 11.1 | 12.6 | |
| – | – | – | – | – | – | – | – | – | 16.1 | 19.0 | 12.8 | 12.2 | – | – | 29.1 | 40.2 | – | – | 46.1 | 2,482.7 | 61.6 | 30.4 | – | – | – | – | – | – | – | |
| – | – | – | – | – | – | – | – | -2.6% | 6.2% | 5.3% | 7.8% | 8.2% | -7.7% | -0.9% | 3.4% | 2.5% | -2.2% | -0.9% | 2.2% | 0.0% | 1.6% | 3.3% | -0.5% | -1.8% | -7.2% | -6.2% | -2.5% | -4.3% | -3.3% | |
| Margins | ||||||||||||||||||||||||||||||
| 51.8% | 25.7% | 42.6% | 17.9% | 11.7% | 20.2% | 45.0% | -7.2% | -420.2% | -10.1% | -8.3% | 44.3% | 44.6% | 49.8% | 52.2% | 55.7% | 63.1% | 58.5% | 59.9% | 69.3% | 68.1% | 68.6% | 77.1% | 58.1% | 74.5% | 69.0% | 51.7% | 54.9% | 85.0% | 82.3% | |
| 14.7% | 6.4% | 6.2% | 2.6% | 0.6% | -2.0% | -31.6% | 8.0% | 9.6% | 12.4% | 9.7% | 11.7% | 13.5% | 13.5% | 14.6% | 14.8% | 16.6% | 14.8% | 14.8% | 21.9% | 19.6% | 20.0% | 22.3% | 22.0% | 19.7% | 20.1% | 17.8% | 21.1% | 21.4% | 20.2% | |
| 6.8% | 2.6% | 2.3% | 1.5% | 0.7% | 1.1% | -43.4% | -12.5% | -3.4% | 5.1% | 3.3% | 4.4% | 5.4% | 6.4% | 7.0% | 8.3% | 9.2% | 8.1% | 10.0% | 12.5% | 13.1% | 12.5% | 16.5% | 16.1% | 12.9% | 13.6% | 12.4% | 13.7% | 14.8% | 11.2% | |
| 0.3% | 2.6% | 4.0% | 1.3% | 0.6% | 2.0% | -4.1% | -16.0% | -13.3% | 6.0% | 6.1% | 7.1% | 5.9% | -6.4% | -0.9% | 4.0% | 3.0% | -3.2% | -1.7% | 4.6% | 0.1% | 3.6% | 8.2% | -1.5% | -4.5% | -15.6% | -14.1% | -5.5% | -9.4% | -8.1% | |
| Returns | ||||||||||||||||||||||||||||||
| 14.0% | 6.4% | 9.5% | 14.7% | 15.3% | 11.1% | – | – | -1.0% | 8.1% | 5.1% | 6.5% | 8.9% | 9.3% | 9.4% | 10.8% | 10.5% | 9.1% | 8.2% | 9.4% | 9.8% | 9.0% | 10.1% | 9.9% | 7.5% | 8.0% | 6.9% | 7.0% | 7.8% | 6.3% | |
| 2.1% | 2.1% | 1.6% | 2.3% | 1.7% | 1.7% | -32.3% | -5.3% | -0.3% | 2.5% | 1.6% | 2.1% | 2.4% | 2.6% | 2.5% | 2.9% | 2.8% | 2.5% | 2.4% | 2.9% | 3.0% | 3.0% | 3.5% | 3.4% | 2.4% | 2.8% | 2.5% | 2.6% | 2.8% | 2.1% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| -36 | -6.5 | 0.8 | 20 | 1,137 | 1,326 | 2,087 | 905 | 820 | 740 | 747 | 836 | 890 | 1,020 | 1,065 | 1,071 | 1,171 | 1,283 | 1,913 | 2,004 | 2,093 | 2,109 | 2,097 | 2,231 | 2,412 | 2,542 | 2,613 | 2,779 | 3,095 | 3,429 | |
| -0.6 | -0.1 | 0.0 | 0.1 | 10.1 | 13.0 | 16.8 | 5.4 | 25.2 | 3.5 | 4.1 | 3.7 | 3.5 | 4.1 | 4.1 | 4.0 | 4.1 | 4.5 | 6.3 | 4.8 | 5.1 | 4.9 | 4.8 | 5.0 | 5.7 | 5.4 | 5.5 | 5.3 | 5.4 | 5.8 | |
| 15.0% | 33.5% | 16.5% | 15.5% | 11.1% | 15.3% | -17.1% | -24.0% | 29.4% | 30.7% | 31.0% | 32.3% | 27.6% | 28.2% | 27.0% | 26.8% | 26.8% | 27.7% | 29.7% | 30.3% | 30.5% | 33.2% | 34.4% | 34.5% | 32.5% | 34.5% | 36.4% | 36.6% | 35.7% | 34.1% | |
| 0.0 | 0.0 | 0.1 | 0.2 | 3.8 | 3.4 | – | – | 1.2 | 1.0 | 1.0 | 1.0 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 | 1.1 | 1.1 | 1.2 | 1.1 | 1.0 | 1.0 | 1.1 | 1.2 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.17 | 1.32 | 1.30 | 1.81 | 1.81 | 1.64 | -29.06 | -3.44 | -0.19 | 1.65 | 1.02 | 1.44 | 1.77 | 2.02 | 2.14 | 2.53 | 2.66 | 2.46 | 3.01 | 3.17 | 3.39 | 3.34 | 3.92 | 3.98 | 3.06 | 3.60 | 3.25 | 3.22 | 3.65 | 2.95 | |
| 17.20 | 51.17 | 56.60 | 121.78 | 259.97 | 156.37 | 67.00 | 27.47 | 5.51 | 32.30 | 30.61 | 32.49 | 33.01 | 31.42 | 30.69 | 30.54 | 28.93 | 30.27 | 30.00 | 25.49 | 25.94 | 26.83 | 23.73 | 24.79 | 23.64 | 26.46 | 26.25 | 23.56 | 24.67 | 26.24 | |
| 8.38 | 20.63 | 13.63 | 12.32 | 11.77 | 14.77 | -15.34 | -15.67 | 18.97 | 20.43 | 20.07 | 22.28 | 19.99 | 21.65 | 22.67 | 23.48 | 25.25 | 27.02 | 36.80 | 33.59 | 34.58 | 36.97 | 38.66 | 40.18 | 41.00 | 45.11 | 47.35 | 46.15 | 46.56 | 47.01 | |
| 0.06 | 1.32 | 2.26 | 1.58 | 1.63 | 3.18 | -2.76 | -4.40 | -0.74 | 1.93 | 1.86 | 2.30 | 1.93 | -2.00 | -0.26 | 1.23 | 0.86 | -0.96 | -0.51 | 1.18 | 0.02 | 0.97 | 1.95 | -0.38 | -1.06 | -4.13 | -3.69 | -1.29 | -2.32 | -2.12 | |
Data as of: October 6, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.