Company Analysis

NorthWestern Energy Group, Inc. (NWE)

Nasdaq: NWE · Electric & Other Services Combined · Sioux Falls, SD · filing with the SEC since 2023
Grade4.7
◀ Past 6.6● Present 4.5▶ Future 3.2
1 est.

The grade of NorthWestern Energy Group, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past6.625% of the headline
● Present4.545% of the headline
▶ Future3.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.6/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 45% of this tense · 75th percentile among 18 sector filers · read for itself

From the record

NorthWestern Energy Group, Inc.'s filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.5/10

What has it actually done, year after year?

+4.1% a year over 5 filed years; profitable in 5 of 5.

weight 22% of this tense · 75th percentile among 17 sector filers · read for its customers

From the record

NorthWestern Energy Group, Inc.'s 5 filed years say what it did: revenue went from $1.4 billion in fiscal 2021 to $1.6 billion in fiscal 2025, up 4.1% a year; it rose in 3 of 4 years; the deepest fall was 4% from fiscal 2022 to fiscal 2023; net income was positive in 5 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.1%top 32% of its family
  • the share of years revenue rosetop 26% of its family
  • the share of filed years with a profittop 38% of its family
  • the deepest fall from a revenue peak3.8%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.9/10

How has it treated the people who own it?

Share count grew 3.0% a year. 37% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 49th percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, NorthWestern Energy Group, Inc.'s diluted share count grew about 3.0% a year, and dividends and buybacks returned about 37% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-10-05 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 19% of its family
  • cash returned against operating cash flowtop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.5/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 66%: owes 66¢ per asset dollar.

weight 45% of this tense · 62nd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, NorthWestern Energy Group, Inc. earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 66 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 14% of its family
  • return on equitybottom 14% of its family
  • the share count against the year beforetop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 18 in its family; net margin 11.2%.

weight 33% of this tense · 39th percentile among 18 sector filers · read for its customers

From the record

NorthWestern Energy Group, Inc.'s standing among 18 graded names in its industry family: revenue of $1.6 billion in fiscal 2025 ranks in the bottom 25% by size; a net margin of 11.2% ranks in the bottom 42%; revenue growth of 2.9% a year over the last 3 filed years ranks in the top 50% (its annual reports).

What it rests on

  • revenue against the family$1.61Bbottom 25% of its family
  • net margin11.2%bottom 42% of its family
  • three-year revenue growth2.9%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
2.1/10

What are the people in charge doing?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 21st percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 21% of 18 in its family; the record of its people begins on 2024-01-08 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2024-01-08 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: NorthWestern Energy Group, Inc.'s leadership is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 21% of 18 in its family; the record of its people begins on 2024-01-08 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 17 in its family for room to expand.

weight 22% of this tense · 43rd percentile among 17 sector filers · read for itself

From the record

NorthWestern Energy Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $31 million against debt of $3.3 billion leaves -38.5% of its assets as net cash, bottom 42% of its family; cash from operations less capital spending is -8.1% of revenue (bottom 44%) (its annual report).

What it rests on

  • cash less debt against assets-38.5%bottom 42% of its family
  • cash from operations less capital spending against revenue-8.1%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.4/10

What could actually drive growth from here?

bottom 34% of 17 in its family for growth drivers.

weight 45% of this tense · 34th percentile among 17 sector filers · read for its customers

From the record

NorthWestern Energy Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.9% a year over the last three filed years against 4.1% over all 5, slowing (top 50% of its family); the newest year grew 6.4% (bottom 38%); capital spending grew 0.6% a year (bottom 15%) (its annual reports). NorthWestern Energy Group, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-1.2 points a yeartop 50% of its family
  • the newest year's revenue growth6.4%bottom 38% of its family
  • three-year growth of capital spending0.6%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.1/10

Did its newest year beat what its own record pointed to?

bottom 21% of 17 in its family for expectations against reality.

weight 33% of this tense · 21st percentile among 17 sector filers · read for its shareholders

From the record

NorthWestern Energy Group, Inc.'s newest year against its own record: revenue of $1.6 billion in fiscal 2025 came in 5.1% above the $1.5 billion its prior three years' pace pointed to (bottom 44% of its family); net income of $181 million against a prior three-year average of $200 million (bottom 9%); a net margin of 11.2% against 13.6% before (bottom 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.1%bottom 44% of its family
  • net income against the prior three years' average-10%bottom 9% of its family
  • net margin against its prior average-2.4 pointsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NWE · research, not advice