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

Tyler Technologies is the larger business by last-quarter revenue ($613.5M vs $497.6M, roughly 1.2× NorthWestern Energy Group, Inc.). Tyler Technologies runs the higher net margin — 13.2% vs 12.8%, a 0.5% gap on every dollar of revenue. On growth, Tyler Technologies posted the faster year-over-year revenue change (8.6% vs 6.6%). Over the past eight quarters, NorthWestern Energy Group, Inc.'s revenue compounded faster (24.7% CAGR vs 6.5%).

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.

Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

NWE vs TYL — Head-to-Head

Bigger by revenue
TYL
TYL
1.2× larger
TYL
$613.5M
$497.6M
NWE
Growing faster (revenue YoY)
TYL
TYL
+1.9% gap
TYL
8.6%
6.6%
NWE
Higher net margin
TYL
TYL
0.5% more per $
TYL
13.2%
12.8%
NWE
Faster 2-yr revenue CAGR
NWE
NWE
Annualised
NWE
24.7%
6.5%
TYL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NWE
NWE
TYL
TYL
Revenue
$497.6M
$613.5M
Net Profit
$63.5M
$81.2M
Gross Margin
48.3%
Operating Margin
22.9%
16.3%
Net Margin
12.8%
13.2%
Revenue YoY
6.6%
8.6%
Net Profit YoY
EPS (diluted)
$1.88

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
TYL
TYL
Q1 26
$497.6M
$613.5M
Q4 25
$414.3M
$575.2M
Q3 25
$387.0M
$595.9M
Q2 25
$342.7M
$596.1M
Q1 25
$466.6M
$565.2M
Q4 24
$373.5M
$541.1M
Q3 24
$345.2M
$543.3M
Q2 24
$319.9M
$541.0M
Net Profit
NWE
NWE
TYL
TYL
Q1 26
$63.5M
$81.2M
Q4 25
$44.7M
$65.5M
Q3 25
$38.2M
$84.4M
Q2 25
$21.2M
$84.6M
Q1 25
$76.9M
$81.1M
Q4 24
$80.6M
$65.2M
Q3 24
$46.8M
$75.9M
Q2 24
$31.7M
$67.7M
Gross Margin
NWE
NWE
TYL
TYL
Q1 26
48.3%
Q4 25
45.5%
Q3 25
47.2%
Q2 25
45.8%
Q1 25
47.3%
Q4 24
43.8%
Q3 24
43.7%
Q2 24
44.0%
Operating Margin
NWE
NWE
TYL
TYL
Q1 26
22.9%
16.3%
Q4 25
14.5%
13.0%
Q3 25
20.7%
16.4%
Q2 25
17.7%
16.0%
Q1 25
26.7%
15.8%
Q4 24
24.6%
13.2%
Q3 24
19.7%
15.2%
Q2 24
19.3%
14.4%
Net Margin
NWE
NWE
TYL
TYL
Q1 26
12.8%
13.2%
Q4 25
10.8%
11.4%
Q3 25
9.9%
14.2%
Q2 25
6.2%
14.2%
Q1 25
16.5%
14.3%
Q4 24
21.6%
12.1%
Q3 24
13.6%
14.0%
Q2 24
9.9%
12.5%
EPS (diluted)
NWE
NWE
TYL
TYL
Q1 26
$1.88
Q4 25
$0.72
$1.50
Q3 25
$0.62
$1.93
Q2 25
$0.35
$1.93
Q1 25
$1.25
$1.84
Q4 24
$1.31
$1.48
Q3 24
$0.76
$1.74
Q2 24
$0.52
$1.57

Balance Sheet & Financial Strength

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

Metric
NWE
NWE
TYL
TYL
Cash + ST InvestmentsLiquidity on hand
$346.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
Total Assets
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWE
NWE
TYL
TYL
Q1 26
$346.4M
Q4 25
$8.8M
$1.1B
Q3 25
$6.2M
$950.8M
Q2 25
$2.9M
$892.3M
Q1 25
$56.0M
$807.4M
Q4 24
$4.3M
$768.0M
Q3 24
$2.5M
$544.3M
Q2 24
$6.4M
$258.0M
Total Debt
NWE
NWE
TYL
TYL
Q1 26
Q4 25
$3.3B
$599.7M
Q3 25
$599.2M
Q2 25
$598.8M
Q1 25
$598.4M
Q4 24
$3.0B
$597.9M
Q3 24
$597.5M
Q2 24
$597.1M
Stockholders' Equity
NWE
NWE
TYL
TYL
Q1 26
$3.6B
Q4 25
$2.9B
$3.7B
Q3 25
$2.9B
$3.6B
Q2 25
$2.9B
$3.6B
Q1 25
$2.9B
$3.5B
Q4 24
$2.9B
$3.4B
Q3 24
$2.8B
$3.3B
Q2 24
$2.8B
$3.1B
Total Assets
NWE
NWE
TYL
TYL
Q1 26
$4.8B
Q4 25
$8.5B
$5.6B
Q3 25
$8.3B
$5.5B
Q2 25
$8.1B
$5.4B
Q1 25
$8.1B
$5.2B
Q4 24
$8.0B
$5.2B
Q3 24
$7.9B
$5.0B
Q2 24
$7.7B
$4.8B
Debt / Equity
NWE
NWE
TYL
TYL
Q1 26
Q4 25
1.14×
0.16×
Q3 25
0.17×
Q2 25
0.16×
Q1 25
0.17×
Q4 24
1.05×
0.18×
Q3 24
0.18×
Q2 24
0.19×

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
TYL
TYL
Operating Cash FlowLast quarter
$107.3M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
0.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.32×
TTM Free Cash FlowTrailing 4 quarters
$585.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWE
NWE
TYL
TYL
Q1 26
$107.3M
Q4 25
$56.2M
$243.9M
Q3 25
$126.7M
$255.2M
Q2 25
$58.2M
$98.3M
Q1 25
$153.4M
$56.2M
Q4 24
$62.8M
$224.8M
Q3 24
$120.0M
$263.7M
Q2 24
$62.3M
$64.3M
Free Cash Flow
NWE
NWE
TYL
TYL
Q1 26
$2.0M
Q4 25
$-93.7M
$239.6M
Q3 25
$-26.9M
$251.3M
Q2 25
$-70.6M
$92.8M
Q1 25
$61.3M
$53.8M
Q4 24
$-85.9M
$221.0M
Q3 24
$-33.2M
$260.8M
Q2 24
$-76.3M
$57.7M
FCF Margin
NWE
NWE
TYL
TYL
Q1 26
0.3%
Q4 25
-22.6%
41.7%
Q3 25
-6.9%
42.2%
Q2 25
-20.6%
15.6%
Q1 25
13.1%
9.5%
Q4 24
-23.0%
40.8%
Q3 24
-9.6%
48.0%
Q2 24
-23.9%
10.7%
Capex Intensity
NWE
NWE
TYL
TYL
Q1 26
Q4 25
36.2%
0.8%
Q3 25
39.7%
0.7%
Q2 25
37.6%
0.9%
Q1 25
19.7%
0.4%
Q4 24
39.8%
0.7%
Q3 24
44.4%
0.5%
Q2 24
43.3%
1.2%
Cash Conversion
NWE
NWE
TYL
TYL
Q1 26
1.32×
Q4 25
1.26×
3.72×
Q3 25
3.31×
3.02×
Q2 25
2.74×
1.16×
Q1 25
1.99×
0.69×
Q4 24
0.78×
3.45×
Q3 24
2.56×
3.47×
Q2 24
1.97×
0.95×

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%

TYL
TYL

Subscriptions$429.7M70%
Maintenance$108.9M18%
Other$74.9M12%

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