What is the current annual gross margin of NWE?

As of today, NWE annual gross margin is 56.31%

What is 1-year change in NWE annual gross margin?

NWE annual gross margin is up +1.19% year-over-year

What is 3-year change in NWE annual gross margin?

NWE annual gross margin is up +1.77% over the past 3 years

How far is NWE annual gross margin from its all-time high?

NWE annual gross margin is currently -9.86% below its historical high of 62.47% set on December 31, 2018

How does NWE annual gross margin rank versus sector peers?

NWE annual gross margin is higher than 88.68% of companies in Utilities sector

When is NWE next annual earnings release?

The next annual earnings release for NWE is on February 12, 2026

What is the current quarterly gross margin of NWE?

As of today, NWE quarterly gross margin is 61.30%

What is NWE quarterly gross margin most recent change?

NWE quarterly gross margin was up +2.44% on September 30, 2025

What is 1-year change in NWE quarterly gross margin?

NWE quarterly gross margin is up +5.62% year-over-year

How far is NWE quarterly gross margin from its all-time high?

NWE quarterly gross margin is currently -35.93% below its historical high of 95.68% set on December 31, 2001

How does NWE quarterly gross margin rank versus sector peers?

NWE quarterly gross margin is higher than 95.24% of companies in Utilities sector

When is NWE next earnings release?

The next earnings release for NWE is on February 12, 2026

NWE Gross Margin History & Chart Since 1980

Annual Gross Margin

56.31%0.66%+1.19%

December 31, 2024

Summary

Current Value: As of today, NWE annual gross margin is 56.31%, up +1.19% on December 31, 2024
Historical Performance: NWE annual gross margin is up +1.77% over the past 3 years, and down -7.64% over the past 5 years
All-Time High Comparison: NWE annual gross margin is currently -9.86% below its historical high of 62.47% set on December 31, 2018
3-Year Low Comparison: NWE annual gross margin is +5.23% above its 3-year low of 53.51% reached on an earlier date
Sector Comparison: NWE annual gross margin is higher than 88.68% of companies in Utilities sector

Gross Margin Chart

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Performance

NWE Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	56.31%	+1.2%	+1.8%	-7.6%	+34.2%
Quarterly Gross Margin	Sep 30, 25	61.30%	+5.6%	+15.7%	+2.2%	+31.7%
Price	Jan 9, 26	$66.01	+25.8%	+12.7%	+16.0%	+126.5%
PE Ratio	Jan 9, 26	18.69	+30.1%	+2.7%	+0.7%	+37.2%
Annual Revenue	Dec 31, 24	$1.51B	+6.5%	+10.3%	+20.4%	+32.6%
Annual Gross Profit	Dec 31, 24	$852.45M	+7.7%	+12.3%	+11.2%	+77.9%
Annual Operating Margin	Dec 31, 24	21.36%	+1.1%	+6.3%	-3.0%	+58.5%
Annual Net Margin	Dec 31, 24	14.80%	+8.4%	+8.7%	-7.9%	+130.2%

Gross Margin Highs

NWE Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	56.31%	Dec 31, 24	at high
5Y	59.47%	N/A	-5.3%
All	62.47%	Dec 31, 18	-9.9%

Gross Margin Lows

NWE Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	53.51%	N/A	+5.2%
5Y	53.51%	Dec 31, 22	+5.2%
All	0.00%	Dec 1, 80	N/A

Gross Margin History

Year	Value	Change
2024	56.31%	+1.2%
2023	55.65%	+4.0%
2022	53.51%	-3.3%
2021	55.33%	-7.0%
2020	59.47%	-2.5%
2019	60.97%	-2.4%
2018	62.47%	+11.9%
2017	55.85%	+0.8%
2016	55.43%	-3.4%
2015	57.38%	+15.5%
2014	49.67%	+2.0%
2013	48.69%	-8.4%
2012	53.15%	+13.8%
2011	46.70%	+6.3%
2010	43.92%	+4.7%
2009	41.96%	+10.9%
2008	37.83%	+1.1%
2007	37.43%	-4.5%
2006	39.18%	+1.6%
2005	38.57%	-0.4%
2004	38.72%	-2.1%
2003	39.57%	+2.6%
2002	38.57%	+123.3%

Year	Value	Change
2001	17.27%	+69.1%
2000	10.21%	-34.5%
1999	15.59%	-39.3%
1998	25.67%	+22.9%
1997	20.89%	-50.2%
1996	41.91%	+26.1%
1995	33.24%	-10.2%
1994	37.01%	+0.1%
1993	36.98%	-13.8%
1992	42.91%	-0.8%
1991	43.26%	>+9,900.0%
1990	0.00%	0.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of NWE?
As of today, NWE annual gross margin is 56.31%
What is 1-year change in NWE annual gross margin?
NWE annual gross margin is up +1.19% year-over-year
What is 3-year change in NWE annual gross margin?
NWE annual gross margin is up +1.77% over the past 3 years
How far is NWE annual gross margin from its all-time high?
NWE annual gross margin is currently -9.86% below its historical high of 62.47% set on December 31, 2018
How does NWE annual gross margin rank versus sector peers?
NWE annual gross margin is higher than 88.68% of companies in Utilities sector
When is NWE next annual earnings release?
The next annual earnings release for NWE is on February 12, 2026

Quarterly Gross Margin

61.30%1.46%+2.44%

September 30, 2025

Summary

Current Value: As of today, NWE quarterly gross margin is 61.30%, up +2.44% on September 30, 2025
Historical Performance: NWE quarterly gross margin is up +5.62% year-over-year, and up +15.68% over the past 3 years
All-Time High Comparison: NWE quarterly gross margin is currently -35.93% below its historical high of 95.68% set on December 31, 2001
3-Year Low Comparison: NWE quarterly gross margin is +19.47% above its 3-year low of 51.31% reached on March 31, 2024
Sector Comparison: NWE quarterly gross margin is higher than 95.24% of companies in Utilities sector

Performance

NWE Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	61.30%	+2.4%	+5.6%	+15.7%	+2.2%
Annual Gross Margin	Dec 31, 24	56.31%	–	+1.2%	+1.8%	-7.6%
Price	Jan 9, 26	$66.01	+13.2%	+25.8%	+12.7%	+16.0%
PE Ratio	Jan 9, 26	18.69	+13.2%	+30.1%	+2.7%	+0.7%
Quarterly Revenue	Sep 30, 25	$386.95M	+12.9%	+12.1%	+15.5%	+37.9%
Quarterly Gross Profit	Sep 30, 25	$237.19M	+15.7%	+18.4%	+33.6%	+40.9%
Quarterly Operating Margin	Sep 30, 25	20.75%	+17.0%	+5.4%	+44.0%	+17.2%
Quarterly Net Margin	Sep 30, 25	9.88%	+59.6%	-27.1%	+20.9%	-5.9%

Quarterly Gross Margin Highs

NWE Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	61.30%	Sep 30, 25	at high
3Y	61.30%	Sep 30, 25	at high
5Y	61.51%	Jun 30, 21	-0.3%
All	95.68%	Dec 31, 01	-35.9%

Quarterly Gross Margin Lows

NWE Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	57.01%	Mar 31, 25	+7.5%
3Y	51.31%	Mar 31, 24	+19.5%
5Y	51.31%	Mar 31, 24	+19.5%
All	8.25%	Dec 31, 00	+643.0%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	61.30%	+2.4%
Jun 2025	59.84%	+5.0%
Mar 2025	57.01%	-4.0%
Dec 2024	59.37%	+2.3%
Sep 2024	58.04%	-0.4%
Jun 2024	58.30%	+13.6%
Mar 2024	51.31%	-10.9%
Dec 2023	57.60%	+2.7%
Sep 2023	56.06%	-4.5%
Jun 2023	58.71%	+13.2%
Mar 2023	51.88%	-1.0%
Dec 2022	52.42%	-1.1%
Sep 2022	52.99%	-4.8%
Jun 2022	55.66%	+4.3%
Mar 2022	53.36%	-0.5%
Dec 2021	53.65%	-2.9%
Sep 2021	55.28%	-10.1%
Jun 2021	61.51%	+17.8%
Mar 2021	52.22%	-10.2%
Dec 2020	58.16%	-3.0%
Sep 2020	59.97%	-1.2%
Jun 2020	60.71%	+2.4%
Mar 2020	59.27%	-4.0%
Dec 2019	61.76%	+1.4%
Sep 2019	60.92%	-5.2%
Jun 2019	64.26%	+10.8%
Mar 2019	58.01%	-7.1%
Dec 2018	62.45%	+6.6%
Sep 2018	58.61%	-17.5%
Jun 2018	71.07%	+20.4%
Mar 2018	59.05%	+4.9%
Dec 2017	56.27%	+2.0%
Sep 2017	55.14%	-1.2%
Jun 2017	55.79%	-0.5%
Mar 2017	56.09%	+1.3%
Dec 2016	55.39%	+1.0%
Sep 2016	54.84%	-6.3%
Jun 2016	58.52%	+9.8%
Mar 2016	53.29%	-3.9%
Dec 2015	55.43%	-7.5%
Sep 2015	59.94%	+4.4%
Jun 2015	57.40%	+0.4%
Mar 2015	57.17%	+3.9%
Dec 2014	55.03%	+9.3%
Sep 2014	50.36%	+6.8%
Jun 2014	47.15%	+1.4%
Mar 2014	46.52%	-4.1%
Dec 2013	48.51%	-3.9%
Sep 2013	50.49%	+4.4%
Jun 2013	48.37%	-0.1%
Mar 2013	48.43%	-27.1%
Dec 2012	66.44%	+34.7%
Sep 2012	49.31%	-0.9%
Jun 2012	49.77%	+6.6%
Mar 2012	46.67%	-1.2%
Dec 2011	47.25%	-4.6%
Sep 2011	49.51%	+7.2%
Jun 2011	46.20%	+3.6%
Mar 2011	44.60%	+1.5%
Dec 2010	43.95%	-5.6%
Sep 2010	46.54%	+4.1%
Jun 2010	44.71%	+7.9%

Month	Value	Change
Mar 2010	41.44%	-1.1%
Dec 2009	41.89%	-7.7%
Sep 2009	45.40%	+0.4%
Jun 2009	45.23%	+19.7%
Mar 2009	37.79%	+7.3%
Dec 2008	35.21%	-20.4%
Sep 2008	44.24%	+15.5%
Jun 2008	38.31%	+8.9%
Mar 2008	35.18%	-8.3%
Dec 2007	38.36%	-3.9%
Sep 2007	39.91%	+6.2%
Jun 2007	37.58%	+8.1%
Mar 2007	34.75%	-12.0%
Dec 2006	39.50%	-11.6%
Sep 2006	44.69%	+8.4%
Jun 2006	41.22%	+21.2%
Mar 2006	34.02%	-4.1%
Dec 2005	35.47%	-17.5%
Sep 2005	43.02%	+8.0%
Jun 2005	39.83%	+5.0%
Mar 2005	37.95%	-22.6%
Dec 2004	49.04%	+29.1%
Sep 2004	37.99%	+4.0%
Jun 2004	36.53%	-2.5%
Mar 2004	37.47%	-4.7%
Dec 2003	39.32%	-3.9%
Sep 2003	40.93%	+8.6%
Jun 2003	37.70%	-3.7%
Mar 2003	39.14%	+11.4%
Dec 2002	35.15%	-17.3%
Sep 2002	42.51%	-1.1%
Jun 2002	42.98%	+12.9%
Mar 2002	38.07%	-60.2%
Dec 2001	95.68%	+443.9%
Sep 2001	17.59%	-7.1%
Jun 2001	18.93%	+35.4%
Mar 2001	13.98%	+69.5%
Dec 2000	8.25%	-31.4%
Sep 2000	12.02%	+14.0%
Jun 2000	10.54%	-8.6%
Mar 2000	11.53%	-2.3%
Dec 1999	11.80%	-16.6%
Sep 1999	14.15%	-13.2%
Jun 1999	16.31%	-35.7%
Mar 1999	25.37%	-15.6%
Dec 1998	30.07%	+42.0%
Sep 1998	21.17%	-1.2%
Jun 1998	21.43%	-8.5%
Mar 1998	23.41%	-13.4%
Jun 1997	27.03%	+4.4%
Mar 1997	25.88%	-44.6%
Sep 1996	46.68%	+3.0%
Jun 1996	45.33%	+0.8%
Mar 1996	44.96%	-20.6%
Dec 1995	56.62%	-11.5%
Sep 1995	63.96%	-2.6%
Jun 1995	65.67%	+12.0%
Mar 1995	58.66%	-6.4%
Dec 1994	62.70%	-5.3%
Sep 1994	66.23%	+4.8%
Jun 1994	63.20%	+12.4%
Mar 1994	56.22%	-

FAQ

What is the current quarterly gross margin of NWE?
As of today, NWE quarterly gross margin is 61.30%
What is NWE quarterly gross margin most recent change?
NWE quarterly gross margin was up +2.44% on September 30, 2025
What is 1-year change in NWE quarterly gross margin?
NWE quarterly gross margin is up +5.62% year-over-year
How far is NWE quarterly gross margin from its all-time high?
NWE quarterly gross margin is currently -35.93% below its historical high of 95.68% set on December 31, 2001
How does NWE quarterly gross margin rank versus sector peers?
NWE quarterly gross margin is higher than 95.24% of companies in Utilities sector
When is NWE next earnings release?
The next earnings release for NWE is on February 12, 2026

Gross Margin Formula

Gross Margin =

× 100%

Data Sources & References

NWE Official Website www.northwesternenergy.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/1993004/000199300425000184/0001993004-25-000184-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1993004/000199300425000021/0001993004-25-000021-index.htm
NWE Profile on Yahoo Finance finance.yahoo.com/quote/NWE
NWE Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nwe