NorthWestern Energy Group annual operating margin
2021
2022
2023
2024
2025
NorthWestern Energy Group Operating Margin Growth & History (NWE)
NorthWestern Energy Group's operating margin was 20.23% for fiscal 2025.
View full NorthWestern Energy Group company overviewNorthWestern Energy Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.23% | −1.13 pp |
| 2024 | 2024-12-31 | 21.36% | +2.03 pp |
| 2023 | 2023-12-31 | 19.32% | +1.30 pp |
| 2022 | 2022-12-31 | 18.03% | −2.75 pp |
| 2021 | 2021-12-31 | 20.78% | — |
NorthWestern Energy Group quarterly operating margin
Q3.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.36% | −1.37 pp |
| Q1 2026 | 2026-03-31 | 22.93% | −3.80 pp |
| Q4 2025 | 2025-12-31 | 14.49% | −7.86 pp |
| Q3 2025 | 2025-09-30 | 20.75% | +0.95 pp |
| Q2 2025 | 2025-06-30 | 17.74% | −1.07 pp |
| Q1 2025 | 2025-03-31 | 26.73% | +3.14 pp |
| Q4 2024 | 2024-12-31 | 22.35% | −4.41 pp |
| Q3 2024 | 2024-09-30 | 19.79% | +3.05 pp |
| Q2 2024 | 2024-06-30 | 18.81% | +5.01 pp |
| Q1 2024 | 2024-03-31 | 23.59% | +4.62 pp |
| Q4 2023 | 2023-12-31 | 26.76% | +11.05 pp |
| Q3 2023 | 2023-09-30 | 16.74% | — |
| Q2 2023 | 2023-06-30 | 13.80% | — |
| Q1 2023 | 2023-03-31 | 18.97% | — |
| Q3 2022 | 2022-09-30 | 15.72% | — |
NorthWestern Energy Group operating margin trends
Across the available reported history, NorthWestern Energy Group's operating margin decreased from 21.36% to 20.23%, a change of −1.13 percentage points. The latest reported quarter, Q2 2026, shows 16.36%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review NorthWestern Energy Group filings at SEC.gov ↗