NorthWestern Corporation (NASDAQ:NWE) — Market Cap & Net Worth
Market Cap & Net Worth: NorthWestern Corporation (NWE)
NorthWestern Corporation (NASDAQ:NWE) has a market capitalization of $4.22 Billion ($4.22 Billion) as of September 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #3972 globally and #1385 in its home market, demonstrating a -4.54% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying NorthWestern Corporation's stock price $68.52 by its total outstanding shares 61517850 (61.52 Million). Also see NWE total assets for a full breakdown of the balance sheet.
NorthWestern Corporation Market Cap History: 2015 to 2026
NorthWestern Corporation's market capitalization history from 2015 to 2026. Data shows growth from $2.35 Billion to $4.26 Billion (5.23% CAGR). Also see NWE cash flow conversion for how efficiently the company converts equity into cash flow.
Index Memberships
NorthWestern Corporation is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$41.69 Trillion | 0.01% | #458 of 3165 |
|
S&P Midcap 400
MID
|
$3.41 Trillion | 0.14% | #303 of 401 |
Weight: NorthWestern Corporation's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
NorthWestern Corporation Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how NorthWestern Corporation's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check NWE share price today for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
2.47x
NorthWestern Corporation's market cap is 2.47 times its annual revenue
Latest Price to Earnings (P/E) Ratio
21.92x
NorthWestern Corporation's market cap is 21.92 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $2.55 Billion | $1.26 Billion | $164.17 Million | 2.03x | 15.51x |
| 2017 | $2.77 Billion | $1.31 Billion | $162.70 Million | 2.12x | 17.02x |
| 2018 | $2.87 Billion | $1.19 Billion | $196.96 Million | 2.40x | 14.55x |
| 2019 | $3.57 Billion | $1.26 Billion | $202.12 Million | 2.84x | 17.65x |
| 2020 | $3.03 Billion | $1.20 Billion | $155.22 Million | 2.53x | 19.50x |
| 2021 | $3.09 Billion | $1.37 Billion | $186.84 Million | 2.25x | 16.54x |
| 2022 | $3.35 Billion | $1.48 Billion | $183.01 Million | 2.27x | 18.32x |
| 2023 | $3.01 Billion | $1.42 Billion | $194.13 Million | 2.12x | 15.53x |
| 2024 | $3.29 Billion | $1.51 Billion | $224.11 Million | 2.17x | 14.67x |
| 2025 | $3.97 Billion | $1.61 Billion | $181.09 Million | 2.47x | 21.92x |
Competitor Companies of NWE by Market Capitalization
Companies near NorthWestern Corporation in the global market cap rankings as of September 18, 2026. Review NWE goodwill-adjusted equity ratio to assess the quality of the company's equity after excluding intangible assets.
Key companies related to NorthWestern Corporation by market ranking:
- Nextera Energy Inc (NYSE:NEE): Ranked #139 globally with a market cap of $167.38 Billion USD.
- Southern Company (NYSE:SO): Ranked #272 globally with a market cap of $94.95 Billion USD.
- Duke Energy Corporation (NYSE:DUK): Ranked #286 globally with a market cap of $91.82 Billion USD.
- National Grid PLC ADR (NYSE:NGG): Ranked #306 globally with a market cap of $86.46 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #139 | Nextera Energy Inc | NYSE:NEE | $167.38 Billion | $80.37 |
| #272 | Southern Company | NYSE:SO | $94.95 Billion | $86.23 |
| #286 | Duke Energy Corporation | NYSE:DUK | $91.82 Billion | $117.76 |
| #306 | National Grid PLC ADR | NYSE:NGG | $86.46 Billion | $86.96 |
NorthWestern Corporation Historical Marketcap From 2015 to 2026
Between 2015 and today, NorthWestern Corporation's market cap moved from $2.35 Billion to $ 4.26 Billion, with a yearly change of 5.23%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $4.26 Billion | +7.38% |
| 2025 | $3.97 Billion | +20.73% |
| 2024 | $3.29 Billion | +9.11% |
| 2023 | $3.01 Billion | -10.12% |
| 2022 | $3.35 Billion | +8.49% |
| 2021 | $3.09 Billion | +2.10% |
| 2020 | $3.03 Billion | -15.15% |
| 2019 | $3.57 Billion | +24.50% |
| 2018 | $2.87 Billion | +3.52% |
| 2017 | $2.77 Billion | +8.74% |
| 2016 | $2.55 Billion | +8.45% |
| 2015 | $2.35 Billion | -- |
End of Day Market Cap According to Different Sources
On Sep 17th, 2026 the market cap of NorthWestern Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $4.22 Billion USD |
| MoneyControl | $4.22 Billion USD |
| MarketWatch | $4.22 Billion USD |
| marketcap.company | $4.22 Billion USD |
| Reuters | $4.22 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About NorthWestern Corporation
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and diversified industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities… Read more