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NorthWestern Energy Group vs Unitil: NWE and UTL compared
NorthWestern Energy Group is the larger company: $424M of revenue in its latest quarter (Q3 2026) against $113M for Unitil (Q3 2026). Unitil is growing faster (+11% against +10% a year earlier). NorthWestern Energy Group is more profitable, with an operating margin of 17.6% against 6.0%.
Where the money goes: NWE and UTL
NorthWestern Energy Group (NWE) · Q3 2026
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.
Unitil (UTL) · Q3 2026
Unitil, Q3 2026: revenue $113M (+11% year over year), operating margin 6.0%, net loss $1.5M, operating cash flow $35.0M. The chart follows the revenue to costs, profit and cash.
| NorthWestern Energy Group (NWE) | Unitil (UTL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $424M | $113M |
| Revenue growth, Y/Y | +10% | +11% |
| Operating margin | 17.6% | 6.0% |
| Net earnings | $30.7M | −$1.5M |
| Net margin | 7.3% | -1.3% |
| Operating cash flow | $131M | $35.0M |
| Market value | $5.1B | $969M |
| P/E | 31.2× | 17.4× |
| Analysts’ mean target | $79.21 | $54.00 |
Where the revenue comes from
Unitil
- Electric: $68.6M (61%)
- Gas: $40.9M (36%)
- Waters: $3.1M (3%)
Questions
Which is bigger, NorthWestern Energy Group or Unitil?
NorthWestern Energy Group is the larger company: $424M of revenue in its latest quarter (Q3 2026) against $113M for Unitil (Q3 2026).
Is NorthWestern Energy Group or Unitil growing faster?
Unitil is growing faster (+11% against +10% a year earlier).
Which is more profitable, NorthWestern Energy Group or Unitil?
NorthWestern Energy Group is more profitable, with an operating margin of 17.6% against 6.0%.
More: NorthWestern Energy Group earnings · how NorthWestern Energy Group makes money · Unitil earnings · how Unitil makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.