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Other financials

Income statement

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Revenue$497.6M+6.6%
Operating income$114.1M-8.5%
Net income$63.5M-17.5%
EPS (diluted)$1.03-17.6%

Balance sheet

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Cash & equivalents$27.6M-65.5%
Total debt$3.3B+6.5%
Total equity$2.9B+0.4%
Total assets$8.6B+5.9%

Cash flow

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Operating cash flow$159.4M+3.9%
CapEx$116.1M+26.0%
Free cash flow$43.3M-29.3%

Valuation

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Market cap$4.32B+27.9%
Enterprise value$7.63B+17.7%
P/E25.8×+10.8×
P/S2.6×+0.4×

Profitability

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Operating margin19.2%-3.8pp
Net margin10.2%-5.5pp
FCF margin-9%+0.1pp

Returns & leverage

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Return on equity5.8%-2.5pp
Debt / equity1.1×+0.1×
Current ratio0.7×-0.5×

Where this comes from

Reported directly by NorthWestern Energy Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: NorthWestern Energy Group, Inc.’s 10-K, filed February 12, 2026.

Filed
Feb 11, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001993004-26-000006
Line itemDecember 31, 2025December 31, 2024
Electric$243,558$243,558
Natural gas124,077114,028
Total Goodwill$367,635$357,586

ITEM 16. FORM 10-K SUMMARY

FAQ

What is NorthWestern Energy Group, Inc.'s electric — goodwill?
NorthWestern Energy Group, Inc. (NWE) reported electric — goodwill of $243.56M in Q4 2025.
What does electric — goodwill mean?
Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations within the electric utility segment. This intangible asset reflects the premium paid for expected future economic benefits, such as market synergies and established customer bases. It is subject to periodic impairment testing to ensure the carrying value remains supported by the segment's cash-generating capacity.

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