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Side-by-side financial comparison of Fiverr International Ltd. (FVRR) and NorthWestern Energy Group, Inc. (NWE). Click either name above to swap in a different company.

NorthWestern Energy Group, Inc. is the larger business by last-quarter revenue ($497.6M vs $287.8M, roughly 1.7× Fiverr International Ltd.). NorthWestern Energy Group, Inc. runs the higher net margin — 12.8% vs 1.9%, a 10.9% gap on every dollar of revenue. Over the past eight quarters, Fiverr International Ltd.'s revenue compounded faster (29.5% CAGR vs 24.7%).

Fiverr International Ltd. operates a global online freelance services marketplace connecting businesses and independent creators across over 160 countries. It offers services covering digital marketing, graphic design, programming, writing, video editing, and other professional fields, catering to SMEs, startups, and enterprise clients needing flexible on-demand talent solutions.

NorthWestern Energy Group, Inc. is a utility company that serves South Dakota, Nebraska, and Montana that is based in Sioux Falls. As of 2019, the company serves approximately 718,000 customers. The company's corporate headquarters are located in Sioux Falls while the headquarters for the South Dakota operations are in Huron, South Dakota.

FVRR vs NWE — Head-to-Head

Bigger by revenue
NWE
NWE
1.7× larger
NWE
$497.6M
$287.8M
FVRR
Higher net margin
NWE
NWE
10.9% more per $
NWE
12.8%
1.9%
FVRR
Faster 2-yr revenue CAGR
FVRR
FVRR
Annualised
FVRR
29.5%
24.7%
NWE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FVRR
FVRR
NWE
NWE
Revenue
$287.8M
$497.6M
Net Profit
$5.4M
$63.5M
Gross Margin
82.5%
Operating Margin
-3.5%
22.9%
Net Margin
1.9%
12.8%
Revenue YoY
6.6%
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FVRR
FVRR
NWE
NWE
Q1 26
$497.6M
Q4 25
$414.3M
Q3 25
$287.8M
$387.0M
Q2 25
$188.2M
$342.7M
Q1 25
$93.5M
$466.6M
Q4 24
$373.5M
Q3 24
$269.9M
$345.2M
Q2 24
$177.3M
$319.9M
Net Profit
FVRR
FVRR
NWE
NWE
Q1 26
$63.5M
Q4 25
$44.7M
Q3 25
$5.4M
$38.2M
Q2 25
$4.1M
$21.2M
Q1 25
$788.0K
$76.9M
Q4 24
$80.6M
Q3 24
$-1.0M
$46.8M
Q2 24
$-4.0M
$31.7M
Gross Margin
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
Q3 25
82.5%
Q2 25
83.3%
Q1 25
83.5%
Q4 24
Q3 24
82.8%
Q2 24
82.4%
Operating Margin
FVRR
FVRR
NWE
NWE
Q1 26
22.9%
Q4 25
14.5%
Q3 25
-3.5%
20.7%
Q2 25
-3.4%
17.7%
Q1 25
-4.4%
26.7%
Q4 24
24.6%
Q3 24
-5.0%
19.7%
Q2 24
-6.3%
19.3%
Net Margin
FVRR
FVRR
NWE
NWE
Q1 26
12.8%
Q4 25
10.8%
Q3 25
1.9%
9.9%
Q2 25
2.2%
6.2%
Q1 25
0.8%
16.5%
Q4 24
21.6%
Q3 24
-0.4%
13.6%
Q2 24
-2.3%
9.9%
EPS (diluted)
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$0.72
Q3 25
$0.62
Q2 25
$0.35
Q1 25
$1.25
Q4 24
$1.31
Q3 24
$0.76
Q2 24
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVRR
FVRR
NWE
NWE
Cash + ST InvestmentsLiquidity on hand
$133.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$362.6M
Total Assets
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$8.8M
Q3 25
$133.5M
$6.2M
Q2 25
$578.4M
$2.9M
Q1 25
$133.5M
$56.0M
Q4 24
$4.3M
Q3 24
$183.7M
$2.5M
Q2 24
$183.7M
$6.4M
Total Debt
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Stockholders' Equity
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$2.9B
Q3 25
$362.6M
$2.9B
Q2 25
$404.9M
$2.9B
Q1 25
$362.6M
$2.9B
Q4 24
$2.9B
Q3 24
$355.8M
$2.8B
Q2 24
$355.8M
$2.8B
Total Assets
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$8.5B
Q3 25
$1.1B
$8.3B
Q2 25
$1.1B
$8.1B
Q1 25
$1.1B
$8.1B
Q4 24
$8.0B
Q3 24
$1.0B
$7.9B
Q2 24
$1.0B
$7.7B
Debt / Equity
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
1.14×
Q3 25
Q2 25
Q1 25
Q4 24
1.05×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVRR
FVRR
NWE
NWE
Operating Cash FlowLast quarter
$53.0M
Free Cash FlowOCF − Capex
$52.1M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
9.81×
TTM Free Cash FlowTrailing 4 quarters
$124.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$56.2M
Q3 25
$53.0M
$126.7M
Q2 25
$42.2M
$58.2M
Q1 25
$21.2M
$153.4M
Q4 24
$62.8M
Q3 24
$10.9M
$120.0M
Q2 24
$32.2M
$62.3M
Free Cash Flow
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
$-93.7M
Q3 25
$52.1M
$-26.9M
Q2 25
$41.5M
$-70.6M
Q1 25
$20.8M
$61.3M
Q4 24
$-85.9M
Q3 24
$10.6M
$-33.2M
Q2 24
$31.5M
$-76.3M
FCF Margin
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
-22.6%
Q3 25
18.1%
-6.9%
Q2 25
22.0%
-20.6%
Q1 25
22.3%
13.1%
Q4 24
-23.0%
Q3 24
3.9%
-9.6%
Q2 24
17.8%
-23.9%
Capex Intensity
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
36.2%
Q3 25
0.3%
39.7%
Q2 25
0.4%
37.6%
Q1 25
0.4%
19.7%
Q4 24
39.8%
Q3 24
0.1%
44.4%
Q2 24
0.4%
43.3%
Cash Conversion
FVRR
FVRR
NWE
NWE
Q1 26
Q4 25
1.26×
Q3 25
9.81×
3.31×
Q2 25
10.40×
2.74×
Q1 25
26.90×
1.99×
Q4 24
0.78×
Q3 24
2.56×
Q2 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FVRR
FVRR

Segment breakdown not available.

NWE
NWE

Electric$362.1M73%
Gas$135.5M27%

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