vs

Side-by-side financial comparison of NorthWestern Energy Group, Inc. (NWE) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $497.6M, roughly 1.6× NorthWestern Energy Group, Inc.). NorthWestern Energy Group, Inc. runs the higher net margin — 12.8% vs 2.1%, a 10.6% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 6.6%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 24.7%).

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.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

NWE vs ROAD — Head-to-Head

Bigger by revenue
ROAD
ROAD
1.6× larger
ROAD
$809.5M
$497.6M
NWE
Growing faster (revenue YoY)
ROAD
ROAD
+37.5% gap
ROAD
44.1%
6.6%
NWE
Higher net margin
NWE
NWE
10.6% more per $
NWE
12.8%
2.1%
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
24.7%
NWE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NWE
NWE
ROAD
ROAD
Revenue
$497.6M
$809.5M
Net Profit
$63.5M
$17.2M
Gross Margin
15.0%
Operating Margin
22.9%
6.2%
Net Margin
12.8%
2.1%
Revenue YoY
6.6%
44.1%
Net Profit YoY
663.9%
EPS (diluted)
$0.31

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
NWE
NWE
ROAD
ROAD
Q1 26
$497.6M
Q4 25
$414.3M
$809.5M
Q3 25
$387.0M
$899.8M
Q2 25
$342.7M
$779.3M
Q1 25
$466.6M
$571.6M
Q4 24
$373.5M
$561.6M
Q3 24
$345.2M
$538.2M
Q2 24
$319.9M
$517.8M
Net Profit
NWE
NWE
ROAD
ROAD
Q1 26
$63.5M
Q4 25
$44.7M
$17.2M
Q3 25
$38.2M
$56.6M
Q2 25
$21.2M
$44.0M
Q1 25
$76.9M
$4.2M
Q4 24
$80.6M
$-3.1M
Q3 24
$46.8M
$29.3M
Q2 24
$31.7M
$30.9M
Gross Margin
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
15.0%
Q3 25
17.7%
Q2 25
16.9%
Q1 25
12.5%
Q4 24
13.6%
Q3 24
15.6%
Q2 24
16.1%
Operating Margin
NWE
NWE
ROAD
ROAD
Q1 26
22.9%
Q4 25
14.5%
6.2%
Q3 25
20.7%
11.2%
Q2 25
17.7%
10.6%
Q1 25
26.7%
4.8%
Q4 24
24.6%
2.5%
Q3 24
19.7%
8.5%
Q2 24
19.3%
8.8%
Net Margin
NWE
NWE
ROAD
ROAD
Q1 26
12.8%
Q4 25
10.8%
2.1%
Q3 25
9.9%
6.3%
Q2 25
6.2%
5.7%
Q1 25
16.5%
0.7%
Q4 24
21.6%
-0.5%
Q3 24
13.6%
5.4%
Q2 24
9.9%
6.0%
EPS (diluted)
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$0.72
$0.31
Q3 25
$0.62
$1.03
Q2 25
$0.35
$0.79
Q1 25
$1.25
$0.08
Q4 24
$1.31
$-0.06
Q3 24
$0.76
$0.55
Q2 24
$0.52
$0.59

Balance Sheet & Financial Strength

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

Metric
NWE
NWE
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$104.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$969.1M
Total Assets
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$8.8M
$104.1M
Q3 25
$6.2M
$156.1M
Q2 25
$2.9M
$114.3M
Q1 25
$56.0M
$101.9M
Q4 24
$4.3M
$132.5M
Q3 24
$2.5M
$74.7M
Q2 24
$6.4M
$56.3M
Total Debt
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$3.3B
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
$515.0M
Q2 24
Stockholders' Equity
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$2.9B
$969.1M
Q3 25
$2.9B
$912.0M
Q2 25
$2.9B
$853.3M
Q1 25
$2.9B
$807.9M
Q4 24
$2.9B
$811.1M
Q3 24
$2.8B
$573.7M
Q2 24
$2.8B
$552.9M
Total Assets
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$8.5B
$3.4B
Q3 25
$8.3B
$3.2B
Q2 25
$8.1B
$2.9B
Q1 25
$8.1B
$2.8B
Q4 24
$8.0B
$2.6B
Q3 24
$7.9B
$1.5B
Q2 24
$7.7B
$1.4B
Debt / Equity
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
1.14×
Q3 25
1.78×
Q2 25
Q1 25
Q4 24
1.05×
Q3 24
0.90×
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
NWE
NWE
ROAD
ROAD
Operating Cash FlowLast quarter
$82.6M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$56.2M
$82.6M
Q3 25
$126.7M
$112.0M
Q2 25
$58.2M
$83.0M
Q1 25
$153.4M
$55.6M
Q4 24
$62.8M
$40.7M
Q3 24
$120.0M
$95.9M
Q2 24
$62.3M
$34.6M
Free Cash Flow
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
$-93.7M
$47.1M
Q3 25
$-26.9M
$78.9M
Q2 25
$-70.6M
$46.4M
Q1 25
$61.3M
$14.2M
Q4 24
$-85.9M
$13.8M
Q3 24
$-33.2M
$78.4M
Q2 24
$-76.3M
$19.7M
FCF Margin
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
-22.6%
5.8%
Q3 25
-6.9%
8.8%
Q2 25
-20.6%
5.9%
Q1 25
13.1%
2.5%
Q4 24
-23.0%
2.5%
Q3 24
-9.6%
14.6%
Q2 24
-23.9%
3.8%
Capex Intensity
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
36.2%
4.4%
Q3 25
39.7%
3.7%
Q2 25
37.6%
4.7%
Q1 25
19.7%
7.2%
Q4 24
39.8%
4.8%
Q3 24
44.4%
3.3%
Q2 24
43.3%
2.9%
Cash Conversion
NWE
NWE
ROAD
ROAD
Q1 26
Q4 25
1.26×
4.80×
Q3 25
3.31×
1.98×
Q2 25
2.74×
1.88×
Q1 25
1.99×
13.20×
Q4 24
0.78×
Q3 24
2.56×
3.27×
Q2 24
1.97×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWE
NWE

Electric$362.1M73%
Gas$135.5M27%

ROAD
ROAD

Segment breakdown not available.

Related Comparisons