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NorthWestern Energy Valuation Multiples

Discover revenue and EBITDA valuation multiples for NorthWestern Energy and similar public comparables like Chrysos Corp., APA Group, and AGL Energy.

NorthWestern Energy Overview

About NorthWestern Energy

NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of its revenue from the Electric utility operations segment.


Founded

1923

HQ

United States of America
Employees

1.6K+

Financials

LTM Revenue $1.5B

LTM EBITDA $591M

EV

$6.5B

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NorthWestern Energy Financials

NorthWestern Energy has a last 12-month revenue (LTM) of $1.5B and a last 12-month EBITDA of $591M.

In the most recent fiscal year, NorthWestern Energy achieved revenue of $1.5B and an EBITDA of $574M.

NorthWestern Energy expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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NorthWestern Energy P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $1.5B XXX $1.5B XXX XXX XXX
Gross Profit $1.1B XXX $852M XXX XXX XXX
Gross Margin 72% XXX 56% XXX XXX XXX
EBITDA $591M XXX $574M XXX XXX XXX
EBITDA Margin 38% XXX 38% XXX XXX XXX
EBIT $352M XXX $323M XXX XXX XXX
EBIT Margin 23% XXX 21% XXX XXX XXX
Net Profit $223M XXX $224M XXX XXX XXX
Net Margin 14% XXX 15% XXX XXX XXX
Net Debt XXX XXX $3.1B XXX XXX XXX

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NorthWestern Energy Stock Performance

As of May 30, 2025, NorthWestern Energy's stock price is $55.

NorthWestern Energy has current market cap of $3.4B, and EV of $6.5B.

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NorthWestern Energy Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$6.5B $3.4B XXX XXX XXX XXX $3.47

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NorthWestern Energy Valuation Multiples

As of May 30, 2025, NorthWestern Energy has market cap of $3.4B and EV of $6.5B.

NorthWestern Energy's trades at 4.3x EV/Revenue multiple, and 11.3x EV/EBITDA.

Equity research analysts estimate NorthWestern Energy's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

NorthWestern Energy has a P/E ratio of 15.2x.

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NorthWestern Energy Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $3.4B XXX $3.4B XXX XXX XXX
EV (current) $6.5B XXX $6.5B XXX XXX XXX
EV/Revenue 4.2x XXX 4.3x XXX XXX XXX
EV/EBITDA 11.0x XXX 11.3x XXX XXX XXX
EV/EBIT 18.4x XXX 20.0x XXX XXX XXX
EV/Gross Profit 5.8x XXX n/a XXX XXX XXX
P/E 15.2x XXX 15.1x XXX XXX XXX
EV/FCF 183.9x XXX -45.4x XXX XXX XXX

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NorthWestern Energy Margins & Growth Rates

NorthWestern Energy's last 12 month revenue growth is 5%

NorthWestern Energy's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.3M for the same period.

NorthWestern Energy's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NorthWestern Energy's rule of X is 50% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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NorthWestern Energy Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 5% XXX 5% XXX XXX XXX
EBITDA Margin 38% XXX 38% XXX XXX XXX
EBITDA Growth 8% XXX 8% XXX XXX XXX
Rule of 40 42% XXX 43% XXX XXX XXX
Bessemer Rule of X XXX XXX 50% XXX XXX XXX
Revenue per Employee XXX XXX $1.0M XXX XXX XXX
Opex per Employee XXX XXX $0.3M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 35% XXX XXX XXX

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NorthWestern Energy Public Comps

See public comps and valuation multiples for Utilities and Energy Exploration & Generation comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TAQA XXX XXX XXX XXX XXX XXX
New Sources Energy XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
APA Group XXX XXX XXX XXX XXX XXX
Chrysos Corp. XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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NorthWestern Energy M&A and Investment Activity

NorthWestern Energy acquired  XXX companies to date.

Last acquisition by NorthWestern Energy was  XXXXXXXX, XXXXX XXXXX XXXXXX . NorthWestern Energy acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by NorthWestern Energy

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About NorthWestern Energy

When was NorthWestern Energy founded? NorthWestern Energy was founded in 1923.
Where is NorthWestern Energy headquartered? NorthWestern Energy is headquartered in United States of America.
How many employees does NorthWestern Energy have? As of today, NorthWestern Energy has 1.6K+ employees.
Who is the CEO of NorthWestern Energy? NorthWestern Energy's CEO is Mr. Brian B. Bird.
Is NorthWestern Energy publicy listed? Yes, NorthWestern Energy is a public company listed on NAS.
What is the stock symbol of NorthWestern Energy? NorthWestern Energy trades under NWE ticker.
When did NorthWestern Energy go public? NorthWestern Energy went public in 2007.
Who are competitors of NorthWestern Energy? Similar companies to NorthWestern Energy include e.g. TAQA, New Sources Energy, AGL Energy, APA Group.
What is the current market cap of NorthWestern Energy? NorthWestern Energy's current market cap is $3.4B
What is the current revenue of NorthWestern Energy? NorthWestern Energy's last 12 months revenue is $1.5B.
What is the current revenue growth of NorthWestern Energy? NorthWestern Energy revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of NorthWestern Energy? Current revenue multiple of NorthWestern Energy is 4.2x.
Is NorthWestern Energy profitable? Yes, NorthWestern Energy is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of NorthWestern Energy? NorthWestern Energy's last 12 months EBITDA is $591M.
What is NorthWestern Energy's EBITDA margin? NorthWestern Energy's last 12 months EBITDA margin is 38%.
What is the current EV/EBITDA multiple of NorthWestern Energy? Current EBITDA multiple of NorthWestern Energy is 11.0x.
What is the current FCF of NorthWestern Energy? NorthWestern Energy's last 12 months FCF is $35.2M.
What is NorthWestern Energy's FCF margin? NorthWestern Energy's last 12 months FCF margin is 2%.
What is the current EV/FCF multiple of NorthWestern Energy? Current FCF multiple of NorthWestern Energy is 183.9x.

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