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

NorthWestern Energy Group, Inc. is the larger business by last-quarter revenue ($414.3M vs $257.9M, roughly 1.6× VERRA MOBILITY Corp). NorthWestern Energy Group, Inc. runs the higher net margin — 10.8% vs 7.3%, a 3.5% gap on every dollar of revenue. On growth, VERRA MOBILITY Corp posted the faster year-over-year revenue change (16.4% vs 10.9%). VERRA MOBILITY Corp produced more free cash flow last quarter ($5.7M vs $-93.7M). Over the past eight quarters, VERRA MOBILITY Corp's revenue compounded faster (10.9% CAGR vs -6.6%).

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.

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

NWE vs VRRM — Head-to-Head

Bigger by revenue
NWE
NWE
1.6× larger
NWE
$414.3M
$257.9M
VRRM
Growing faster (revenue YoY)
VRRM
VRRM
+5.5% gap
VRRM
16.4%
10.9%
NWE
Higher net margin
NWE
NWE
3.5% more per $
NWE
10.8%
7.3%
VRRM
More free cash flow
VRRM
VRRM
$99.5M more FCF
VRRM
$5.7M
$-93.7M
NWE
Faster 2-yr revenue CAGR
VRRM
VRRM
Annualised
VRRM
10.9%
-6.6%
NWE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NWE
NWE
VRRM
VRRM
Revenue
$414.3M
$257.9M
Net Profit
$44.7M
$18.9M
Gross Margin
Operating Margin
14.5%
16.7%
Net Margin
10.8%
7.3%
Revenue YoY
10.9%
16.4%
Net Profit YoY
-44.5%
128.3%
EPS (diluted)
$0.72
$0.12

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
VRRM
VRRM
Q4 25
$414.3M
$257.9M
Q3 25
$387.0M
$261.9M
Q2 25
$342.7M
$236.0M
Q1 25
$466.6M
$223.3M
Q4 24
$373.5M
$221.5M
Q3 24
$345.2M
$225.6M
Q2 24
$319.9M
$222.4M
Q1 24
$475.3M
$209.7M
Net Profit
NWE
NWE
VRRM
VRRM
Q4 25
$44.7M
$18.9M
Q3 25
$38.2M
$46.8M
Q2 25
$21.2M
$38.6M
Q1 25
$76.9M
$32.3M
Q4 24
$80.6M
$-66.7M
Q3 24
$46.8M
$34.7M
Q2 24
$31.7M
$34.2M
Q1 24
$65.1M
$29.1M
Operating Margin
NWE
NWE
VRRM
VRRM
Q4 25
14.5%
16.7%
Q3 25
20.7%
28.6%
Q2 25
17.7%
26.8%
Q1 25
26.7%
25.7%
Q4 24
24.6%
-19.6%
Q3 24
19.7%
28.3%
Q2 24
19.3%
27.5%
Q1 24
21.5%
25.9%
Net Margin
NWE
NWE
VRRM
VRRM
Q4 25
10.8%
7.3%
Q3 25
9.9%
17.9%
Q2 25
6.2%
16.3%
Q1 25
16.5%
14.5%
Q4 24
21.6%
-30.1%
Q3 24
13.6%
15.4%
Q2 24
9.9%
15.4%
Q1 24
13.7%
13.9%
EPS (diluted)
NWE
NWE
VRRM
VRRM
Q4 25
$0.72
$0.12
Q3 25
$0.62
$0.29
Q2 25
$0.35
$0.24
Q1 25
$1.25
$0.20
Q4 24
$1.31
$-0.39
Q3 24
$0.76
$0.21
Q2 24
$0.52
$0.20
Q1 24
$1.06
$0.17

Balance Sheet & Financial Strength

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

Metric
NWE
NWE
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$8.8M
$65.3M
Total DebtLower is stronger
$3.3B
$1.0B
Stockholders' EquityBook value
$2.9B
$293.0M
Total Assets
$8.5B
$1.6B
Debt / EquityLower = less leverage
1.14×
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWE
NWE
VRRM
VRRM
Q4 25
$8.8M
$65.3M
Q3 25
$6.2M
$196.1M
Q2 25
$2.9M
$147.7M
Q1 25
$56.0M
$108.5M
Q4 24
$4.3M
$77.6M
Q3 24
$2.5M
$206.1M
Q2 24
$6.4M
$122.0M
Q1 24
$4.2M
$149.5M
Total Debt
NWE
NWE
VRRM
VRRM
Q4 25
$3.3B
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$3.0B
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B
Stockholders' Equity
NWE
NWE
VRRM
VRRM
Q4 25
$2.9B
$293.0M
Q3 25
$2.9B
$403.1M
Q2 25
$2.9B
$352.1M
Q1 25
$2.9B
$299.6M
Q4 24
$2.9B
$265.1M
Q3 24
$2.8B
$486.5M
Q2 24
$2.8B
$438.6M
Q1 24
$2.8B
$449.0M
Total Assets
NWE
NWE
VRRM
VRRM
Q4 25
$8.5B
$1.6B
Q3 25
$8.3B
$1.8B
Q2 25
$8.1B
$1.7B
Q1 25
$8.1B
$1.6B
Q4 24
$8.0B
$1.6B
Q3 24
$7.9B
$1.9B
Q2 24
$7.7B
$1.8B
Q1 24
$7.6B
$1.8B
Debt / Equity
NWE
NWE
VRRM
VRRM
Q4 25
1.14×
3.51×
Q3 25
2.55×
Q2 25
2.93×
Q1 25
3.45×
Q4 24
1.05×
3.90×
Q3 24
2.13×
Q2 24
2.36×
Q1 24
2.31×

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
VRRM
VRRM
Operating Cash FlowLast quarter
$56.2M
$40.0M
Free Cash FlowOCF − Capex
$-93.7M
$5.7M
FCF MarginFCF / Revenue
-22.6%
2.2%
Capex IntensityCapex / Revenue
36.2%
13.3%
Cash ConversionOCF / Net Profit
1.26×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$-130.0M
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWE
NWE
VRRM
VRRM
Q4 25
$56.2M
$40.0M
Q3 25
$126.7M
$77.7M
Q2 25
$58.2M
$75.1M
Q1 25
$153.4M
$63.0M
Q4 24
$62.8M
$40.5M
Q3 24
$120.0M
$108.8M
Q2 24
$62.3M
$40.0M
Q1 24
$161.7M
$34.3M
Free Cash Flow
NWE
NWE
VRRM
VRRM
Q4 25
$-93.7M
$5.7M
Q3 25
$-26.9M
$49.0M
Q2 25
$-70.6M
$40.3M
Q1 25
$61.3M
$41.7M
Q4 24
$-85.9M
$21.6M
Q3 24
$-33.2M
$85.1M
Q2 24
$-76.3M
$26.0M
Q1 24
$52.9M
$20.1M
FCF Margin
NWE
NWE
VRRM
VRRM
Q4 25
-22.6%
2.2%
Q3 25
-6.9%
18.7%
Q2 25
-20.6%
17.1%
Q1 25
13.1%
18.7%
Q4 24
-23.0%
9.8%
Q3 24
-9.6%
37.7%
Q2 24
-23.9%
11.7%
Q1 24
11.1%
9.6%
Capex Intensity
NWE
NWE
VRRM
VRRM
Q4 25
36.2%
13.3%
Q3 25
39.7%
11.0%
Q2 25
37.6%
14.8%
Q1 25
19.7%
9.5%
Q4 24
39.8%
8.5%
Q3 24
44.4%
10.5%
Q2 24
43.3%
6.3%
Q1 24
22.9%
6.8%
Cash Conversion
NWE
NWE
VRRM
VRRM
Q4 25
1.26×
2.12×
Q3 25
3.31×
1.66×
Q2 25
2.74×
1.95×
Q1 25
1.99×
1.95×
Q4 24
0.78×
Q3 24
2.56×
3.13×
Q2 24
1.97×
1.17×
Q1 24
2.48×
1.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWE
NWE

Electricity Us Regulated$315.3M76%
Other Tariff Based Revenue$50.5M12%
Transmission Customers$28.4M7%
Industrial Customers$11.0M3%
Other Customers$6.1M1%

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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