Filing Flows › NorthWestern Energy Group (NWE) › Operating margin
NorthWestern Energy Group (NWE) operating margin by quarter
NorthWestern Energy Group's operating margin was 17.6% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026. Over the last 7 quarters it ranged from 14.5% (Q4 2025) to 26.7% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 17.6% | +1.2 pts | -3.1 pts |
| Q2 2026 | 16.4% | -6.6 pts | -1.4 pts |
| Q1 2026 | 22.9% | +8.4 pts | -3.8 pts |
| Q4 2025 | 14.5% | -6.3 pts | — |
| Q3 2025 | 20.7% | +3.0 pts | — |
| Q2 2025 | 17.7% | -9.0 pts | — |
| Q1 2025 | 26.7% | — | — |
Q3 2026 at a glance
NorthWestern Energy Group, Q3 2026: revenue $424M (+10% year over year), operating margin 17.6%, net earnings $30.7M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
Questions
What is NorthWestern Energy Group's operating margin?
NorthWestern Energy Group's operating margin was 17.6% in Q3 2026 (third quarter 2026), +1.2 pts from Q2 2026.
How has NorthWestern Energy Group's operating margin changed?
Over the last 7 quarters it ranged from 14.5% (Q4 2025) to 26.7% (Q1 2025).
Q3 2026 results → · How NorthWestern Energy Group makes money →