NorthWestern Corporation (NWE)

Return on total capital

Dec 31, 2024 Dec 31, 2023
Earnings before interest and tax (EBIT) US$ in thousands 323,321 300,455
Long-term debt US$ in thousands 2,695,340 2,684,640
Total stockholders’ equity US$ in thousands 2,857,700 2,785,310
Return on total capital 5.82% 5.49%

December 31, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $323,321K ÷ ($2,695,340K + $2,857,700K)
= 5.82%