NorthWestern Energy Group, Inc.

Regulated electric & gas utility with stable, profitable operations but below-average returns.

Strengths

• Solid utility profitability — net margin 11.2% and operating margin ~20% (53rd pct)
• Regulated-monopoly business model with durable, predictable cash generation

Risks

• Low ROE 6.3% (6th pct) and ROA 2.1% (21st pct) — returns lag the sector
• Negative free cash flow on heavy capex and high quick-ratio/short-term liquidity tightness
• Elevated leverage (D/E 1.1) typical of utilities but limits flexibility

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗
• Cash burnNegative free cash flow (-130.0M)
• Weak liquidityCurrent ratio 0.72 (<1)