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Side-by-side financial comparison of Lionsgate Studios Corp. (LION) and NorthWestern Energy Group, Inc. (NWE). Click either name above to swap in a different company.

Lionsgate Studios Corp. is the larger business by last-quarter revenue ($724.3M vs $497.6M, roughly 1.5× NorthWestern Energy Group, Inc.). NorthWestern Energy Group, Inc. runs the higher net margin — 12.8% vs -6.4%, a 19.1% gap on every dollar of revenue. On growth, Lionsgate Studios Corp. posted the faster year-over-year revenue change (52.5% vs 6.6%).

Lionsgate Canada is a Canadian entertainment company and a subsidiary of Lionsgate Studios. Based in the Entertainment District in the city of Toronto, the company is primarily involved in the acquisition and production of films and television series.

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.

LION vs NWE — Head-to-Head

Bigger by revenue
LION
LION
1.5× larger
LION
$724.3M
$497.6M
NWE
Growing faster (revenue YoY)
LION
LION
+45.8% gap
LION
52.5%
6.6%
NWE
Higher net margin
NWE
NWE
19.1% more per $
NWE
12.8%
-6.4%
LION

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LION
LION
NWE
NWE
Revenue
$724.3M
$497.6M
Net Profit
$-46.2M
$63.5M
Gross Margin
Operating Margin
5.0%
22.9%
Net Margin
-6.4%
12.8%
Revenue YoY
52.5%
6.6%
Net Profit YoY
59.3%
EPS (diluted)
$-0.16

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
LION
LION
NWE
NWE
Q1 26
$497.6M
Q4 25
$724.3M
$414.3M
Q3 25
$475.1M
$387.0M
Q2 25
$525.9M
$342.7M
Q1 25
$466.6M
Q4 24
$373.5M
Q3 24
$345.2M
Q2 24
$319.9M
Net Profit
LION
LION
NWE
NWE
Q1 26
$63.5M
Q4 25
$-46.2M
$44.7M
Q3 25
$-113.5M
$38.2M
Q2 25
$-108.9M
$21.2M
Q1 25
$76.9M
Q4 24
$80.6M
Q3 24
$46.8M
Q2 24
$31.7M
Operating Margin
LION
LION
NWE
NWE
Q1 26
22.9%
Q4 25
5.0%
14.5%
Q3 25
-9.7%
20.7%
Q2 25
-2.0%
17.7%
Q1 25
26.7%
Q4 24
24.6%
Q3 24
19.7%
Q2 24
19.3%
Net Margin
LION
LION
NWE
NWE
Q1 26
12.8%
Q4 25
-6.4%
10.8%
Q3 25
-23.9%
9.9%
Q2 25
-20.7%
6.2%
Q1 25
16.5%
Q4 24
21.6%
Q3 24
13.6%
Q2 24
9.9%
EPS (diluted)
LION
LION
NWE
NWE
Q1 26
Q4 25
$-0.16
$0.72
Q3 25
$-0.39
$0.62
Q2 25
$-0.40
$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
LION
LION
NWE
NWE
Cash + ST InvestmentsLiquidity on hand
$182.4M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$-1.3B
Total Assets
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LION
LION
NWE
NWE
Q1 26
Q4 25
$182.4M
$8.8M
Q3 25
$202.4M
$6.2M
Q2 25
$186.1M
$2.9M
Q1 25
$56.0M
Q4 24
$4.3M
Q3 24
$2.5M
Q2 24
$6.4M
Total Debt
LION
LION
NWE
NWE
Q1 26
Q4 25
$1.8B
$3.3B
Q3 25
$1.8B
Q2 25
$1.5B
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Stockholders' Equity
LION
LION
NWE
NWE
Q1 26
Q4 25
$-1.3B
$2.9B
Q3 25
$-1.3B
$2.9B
Q2 25
$-1.1B
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.8B
Q2 24
$2.8B
Total Assets
LION
LION
NWE
NWE
Q1 26
Q4 25
$5.2B
$8.5B
Q3 25
$5.2B
$8.3B
Q2 25
$5.2B
$8.1B
Q1 25
$8.1B
Q4 24
$8.0B
Q3 24
$7.9B
Q2 24
$7.7B
Debt / Equity
LION
LION
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
LION
LION
NWE
NWE
Operating Cash FlowLast quarter
$-108.9M
Free Cash FlowOCF − Capex
$-111.9M
FCF MarginFCF / Revenue
-15.4%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LION
LION
NWE
NWE
Q1 26
Q4 25
$-108.9M
$56.2M
Q3 25
$-104.0M
$126.7M
Q2 25
$-31.0M
$58.2M
Q1 25
$153.4M
Q4 24
$62.8M
Q3 24
$120.0M
Q2 24
$62.3M
Free Cash Flow
LION
LION
NWE
NWE
Q1 26
Q4 25
$-111.9M
$-93.7M
Q3 25
$-107.2M
$-26.9M
Q2 25
$-34.5M
$-70.6M
Q1 25
$61.3M
Q4 24
$-85.9M
Q3 24
$-33.2M
Q2 24
$-76.3M
FCF Margin
LION
LION
NWE
NWE
Q1 26
Q4 25
-15.4%
-22.6%
Q3 25
-22.6%
-6.9%
Q2 25
-6.6%
-20.6%
Q1 25
13.1%
Q4 24
-23.0%
Q3 24
-9.6%
Q2 24
-23.9%
Capex Intensity
LION
LION
NWE
NWE
Q1 26
Q4 25
0.4%
36.2%
Q3 25
0.7%
39.7%
Q2 25
0.7%
37.6%
Q1 25
19.7%
Q4 24
39.8%
Q3 24
44.4%
Q2 24
43.3%
Cash Conversion
LION
LION
NWE
NWE
Q1 26
Q4 25
1.26×
Q3 25
3.31×
Q2 25
2.74×
Q1 25
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

LION
LION

Television Production$303.1M42%
Digital Media$155.1M21%
Third Party Purchasers Individual Agreements$91.2M13%
Theatrical$70.7M10%
Domestic Television$43.1M6%
Starz Business$24.1M3%
Other Media$17.6M2%
Packaged Media$14.1M2%

NWE
NWE

Electric$362.1M73%
Gas$135.5M27%

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