Northwest Bancshares, Inc. (NWBI) Key Metrics
NWBI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.19B
- Enterprise value
- $2.79B
- P/E (TTM)
- 14.4 10-yr median 16.3
- Forward P/E
- 13.4
- PEG ratio
- 2.29
- Price / sales
- 3.3 10-yr median 3.3
- Price / book
- 1.1 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 7.3
- Dividend yield
- 5.36% $0.80 a year
- Beta
- 0.69
NWBI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNWBI valuation Price multiples at each fiscal year-end price.
NWBI returns How much profit the business earns on the capital it uses.
NWBI per-share figures Results divided by the shares outstanding at year-end.
NWBI financial health Debt, liquidity and how easily interest is covered.
NWBI efficiency & capital use Working capital cycle and where the cash goes.
NWBI valuation history
NWBI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NWBI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NWBI cash returned to shareholders
NWBI price vs earnings per share
NWBI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.76B | $1.67B | $1.58B | $1.77B | $1.80B | $1.53B | $1.76B | $1.75B | $1.72B | $1.81B |
| Enterprise value | $386.7M | $721.6M | $1.06B | $1.34B | −$637.7M | −$191.5M | $1.25B | $1.23B | $1.07B | $853.0M |
| P/E ratio | 14.0 | 16.7 | 11.7 | 13.3 | 11.7 | 20.5 | 15.9 | 16.6 | 18.2 | 36.5 |
| Price / sales | 2.0 | 2.2 | 2.3 | 3.2 | 3.4 | 2.7 | 3.4 | 3.8 | 3.7 | 4.2 |
| Price / book | 0.9 | 1.0 | 1.0 | 1.2 | 1.1 | 1.0 | 1.3 | 1.4 | 1.4 | 1.6 |
| Price / free cash flow | 12.4 | 13.4 | 18.8 | 10.4 | 9.6 | 12.0 | 15.1 | 13.1 | 11.6 | 15.1 |
| Price / operating cash flow | 11.5 | 13.1 | 17.1 | 10.1 | 8.8 | 10.9 | 13.8 | 12.6 | 11.3 | 13.4 |
| EV / sales | 0.4 | 1.0 | 1.5 | 2.4 | -1.2 | -0.3 | 2.4 | 2.6 | 2.3 | 2.0 |
| EV / EBITDA | 2.3 | 4.8 | 5.3 | 7.4 | — | — | 8.6 | 8.7 | 7.1 | 9.8 |
| EV / free cash flow | 2.7 | 5.8 | 12.6 | 7.8 | — | — | 10.7 | 9.2 | 7.2 | 7.1 |
| Earnings yield | 7.2% | 6.0% | 8.5% | 7.5% | 8.6% | 4.9% | 6.3% | 6.0% | 5.5% | 2.7% |
| Free cash flow yield | 8.1% | 7.5% | 5.3% | 9.7% | 10.5% | 8.4% | 6.6% | 7.6% | 8.6% | 6.6% |
| Dividend yield | 6.2% | 6.1% | 6.4% | 5.7% | 5.6% | 6.1% | 4.3% | 4.0% | 3.8% | 3.3% |
| Shareholder yield (dividends + buybacks) | 6.2% | 6.1% | 6.4% | 5.7% | 6.9% | 6.7% | 4.3% | 4.0% | 3.8% | 3.4% |
| Share price at fiscal year-end | $12.00 | $13.19 | $12.48 | $13.98 | $14.16 | $12.74 | $16.63 | $16.94 | $16.73 | $18.03 |
| Per share | ||||||||||
| Revenue per share | $5.98 | $5.94 | $5.51 | $4.40 | $4.21 | $4.68 | $4.86 | $4.49 | $4.55 | $4.26 |
| Earnings per share | $0.86 | $0.79 | $1.06 | $1.05 | $1.22 | $0.62 | $1.04 | $1.02 | $0.92 | $0.49 |
| Operating cash flow per share | $1.05 | $1.01 | $0.73 | $1.38 | $1.62 | $1.17 | $1.20 | $1.34 | $1.48 | $1.35 |
| Free cash flow per share | $0.97 | $0.99 | $0.66 | $1.35 | $1.48 | $1.07 | $1.10 | $1.29 | $1.44 | $1.20 |
| Cash per share | $12.41 | $11.01 | $9.18 | $10.71 | $22.26 | $17.76 | $8.32 | $8.40 | $8.48 | $12.08 |
| Book value per share | $12.89 | $12.58 | $12.22 | $11.77 | $12.47 | $12.80 | $12.79 | $12.14 | $11.78 | $11.63 |
| Tangible book value per share | $9.59 | $9.56 | $9.17 | $8.70 | $9.37 | $9.45 | $9.30 | $8.98 | $8.53 | $8.25 |
| Dividends per share | $0.75 | $0.80 | $0.80 | $0.80 | $0.79 | $0.77 | $0.72 | $0.68 | $0.64 | $0.60 |
| Capex per share | $0.08 | $0.02 | $0.07 | $0.03 | $0.14 | $0.10 | $0.10 | $0.05 | $0.04 | $0.15 |
| Debt per share | $3.04 | $3.50 | $5.06 | $7.29 | $3.08 | $3.43 | $3.48 | $3.34 | $2.14 | $2.52 |
| Shares outstanding | 146.7M | 126.9M | 127.0M | 126.7M | 127.0M | 120.2M | 105.8M | 103.6M | 102.6M | 100.7M |
| Change in shares outstanding | +15.6% | −0.0% | +0.2% | −0.2% | +5.6% | +13.6% | +2.2% | +1.0% | +1.9% | +6.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.2% | 6.4% | 8.9% | 8.7% | 9.9% | 5.2% | 8.5% | 8.6% | 7.9% | 4.3% |
| Return on invested capital (ROIC) | 21.7% | 12.0% | 12.9% | 129.9% | — | — | 14.0% | 16.4% | 24.7% | 7.0% |
| Return on assets (ROA) | 0.8% | 0.7% | 0.9% | 0.9% | 1.1% | 0.6% | 1.1% | 1.1% | 1.0% | 0.5% |
| Return on tangible assets | 0.8% | 0.7% | 1.0% | 1.0% | 1.1% | 0.6% | 1.1% | 1.1% | 1.0% | 0.5% |
| Free cash flow margin | 16.2% | 16.6% | 12.0% | 30.7% | 35.2% | 22.8% | 22.7% | 28.7% | 31.7% | 28.1% |
| Income quality (OCF / net income) | 1.22 | 1.27 | 0.69 | 1.31 | 1.33 | 1.88 | 1.15 | 1.32 | 1.61 | 2.73 |
| Financial health | ||||||||||
| Total debt | $446.3M | $444.7M | $642.7M | $924.3M | $391.7M | $411.8M | $368.1M | $345.6M | $219.5M | $254.1M |
| Cash & short-term investments | $1.82B | $1.40B | $1.17B | $1.36B | $2.83B | $2.14B | $880.7M | $870.2M | $870.2M | $1.22B |
| Net debt | −$1.37B | −$952.6M | −$523.0M | −$433.2M | −$2.44B | −$1.72B | −$512.6M | −$524.6M | −$650.8M | −$962.0M |
| Debt / equity | 0.24 | 0.28 | 0.41 | 0.62 | 0.25 | 0.27 | 0.27 | 0.27 | 0.18 | 0.22 |
| Debt / assets | 0.03 | 0.03 | 0.04 | 0.07 | 0.03 | 0.03 | 0.04 | 0.04 | 0.02 | 0.03 |
| Net debt / EBITDA | −8.33 | −6.31 | −2.62 | −2.40 | −11.73 | −17.72 | −3.54 | −3.69 | −4.33 | −11.09 |
| Current ratio | 0.13 | 0.12 | 0.10 | 0.11 | 0.23 | 0.18 | 0.10 | 0.11 | 0.11 | 0.15 |
| Quick ratio | 0.13 | 0.12 | 1.17 | 0.13 | 0.33 | 0.25 | 0.11 | 0.12 | 0.13 | 0.21 |
| Interest coverage | 0.7 | 0.6 | 1.2 | 6.2 | 7.4 | 2.2 | 2.5 | 3.6 | 4.8 | 1.9 |
| Working capital | −$12.07B | −$10.91B | −$11.18B | −$10.76B | −$9.59B | −$9.57B | −$7.78B | −$7.23B | −$7.04B | −$6.79B |
| Invested capital | $516.7M | $644.2M | $1.03B | $1.06B | −$852.6M | −$184.7M | $840.7M | $733.0M | $556.9M | $208.7M |
| Tangible asset value | $1.41B | $1.21B | $1.17B | $1.10B | $1.19B | $1.14B | $984.1M | $930.4M | $874.6M | $830.8M |
| Net current asset value | −$13.00B | −$11.37B | −$11.65B | −$11.23B | −$10.06B | −$10.10B | −$8.23B | −$7.46B | −$7.26B | −$7.22B |
| Graham number | $15.78 | $14.95 | $17.09 | $16.71 | $18.46 | $13.39 | $17.33 | $16.68 | $15.62 | $11.36 |
| Graham net-net per share | −$88.71 | −$89.65 | −$144.31 | −$89.37 | −$84.43 | −$87.26 | −$78.27 | −$72.51 | −$71.39 | −$73.80 |
| Capital allocation | ||||||||||
| Dividends paid | $109.9M | $101.9M | $101.7M | $101.5M | $100.3M | $93.1M | $76.2M | $69.9M | $65.2M | $60.2M |
| Share buybacks (net) | — | — | $0 | $0 | $23.9M | $9.3M | $0 | $0 | $0 | $1.8M |
| Dividend payout ratio | 87.2% | 101.6% | 75.3% | 75.9% | 65.0% | 124.4% | 69.0% | 66.3% | 69.0% | 121.1% |
| Dividends + buybacks / free cash flow | 77.5% | 81.2% | 120.6% | 59.3% | 66.0% | 79.9% | 65.3% | 52.3% | 44.0% | 51.4% |
| Capex / revenue | 1.3% | 0.3% | 1.2% | 0.8% | 3.3% | 2.2% | 2.1% | 1.1% | 0.8% | 3.6% |
| Capex / operating cash flow | 7.6% | 1.8% | 9.2% | 2.5% | 8.5% | 8.7% | 8.6% | 3.8% | 2.4% | 11.2% |
| Capex / depreciation | 85.51 | 0.11 | 0.35 | 0.67 | 2.64 | 2.59 | 2.85 | 0.64 | 0.26 | 0.99 |
| Stock-based compensation / revenue | 0.7% | 0.8% | 0.7% | 0.7% | 0.9% | 0.8% | 1.3% | 1.5% | 1.0% | 2.5% |
| SG&A / revenue | 30.0% | 31.2% | 30.6% | 36.3% | 38.8% | 36.7% | 36.0% | 38.2% | 39.0% | 39.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 21.4 | 22.7 | 21.6 | 20.0 | 20.9 | 19.9 | 17.8 | 18.8 | 17.6 | 18.2 |
| Days of inventory on hand | — | — | -14,061.9 | -4,789.6 | -33,126.4 | -1,244.9 | -420.5 | -643.0 | -1,996.6 | -1,435.4 |
| Days payables outstanding | 9.1 | 14.6 | 17.6 | 16.3 | 61.4 | 4.6 | 4.3 | 3.8 | 4.2 | 9.3 |
| Cash conversion cycle (days) | 12.3 | 8.1 | -14,057.9 | -4,785.9 | -33,167.0 | -1,229.6 | -407.0 | -628.1 | -1,983.1 | -1,426.4 |
| Receivables turnover | 17.09 | 16.09 | 16.89 | 18.25 | 17.47 | 18.37 | 20.47 | 19.45 | 20.71 | 20.04 |
| Payables turnover | 40.33 | 25.06 | 20.72 | 22.42 | 5.94 | 79.05 | 84.38 | 95.47 | 87.35 | 39.45 |
| Asset turnover | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $51.3M | $46.9M | $41.4M | $30.6M | $30.6M | $30.7M | $25.1M | $23.9M | $22.5M | $21.4M |
| Average payables | $6.9M | $10.3M | $8.4M | $2.5M | $1.9M | $1.6M | $943,000 | $602,000 | $547,500 | $1.3M |
| Average inventory | — | — | −$6.75B | −$740.5M | −$1.04B | −$430.8M | −$91.7M | −$101.3M | −$261.6M | −$203.9M |
| Intangibles / total assets | 2.9% | 2.7% | 2.7% | 2.8% | 2.7% | 2.9% | 3.5% | 3.4% | 3.6% | 3.5% |
Computed from NWBI's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NWBI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Northwest Bancshares traded at 14.0 times earnings, against a 10-year median of 16.3. Based on the latest twelve months, the trailing P/E is 14.4 and the forward P/E is 13.4. Northwest Bancshares earned a return on equity of 7.2% and a return on invested capital of 21.7% in fiscal 2025. It ended the year with $446.3 million of debt and $1.8 billion in cash and short-term investments, a net cash position of $1.4 billion. It returned $109.9 million to shareholders: $109.9 million in dividends and $0 in share buybacks, 78% of free cash flow. The share count rose 45.7% from 100.7M to 146.7M over 9 years.
See the NWBI income statement, the NWBI chart for price history, or the NWBI stock overview for the latest quote and news.
NWBI key metrics FAQ
What is Northwest Bancshares's P/E ratio?
Northwest Bancshares's trailing P/E ratio is 14.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.4. At the end of fiscal 2025 it was 14.0, compared with a 10-year median of 16.3.
What is Northwest Bancshares's EV/EBITDA?
Northwest Bancshares's enterprise value was 2.3 times EBITDA at the end of fiscal 2025 (enterprise value $386.7 million, EBITDA $164.9 million).
What is Northwest Bancshares's return on equity?
Northwest Bancshares's return on equity (ROE) was 7.2% in fiscal 2025: net income of $126.0 million on average shareholders' equity of $1.7 billion.
What is Northwest Bancshares's ROIC?
Northwest Bancshares's return on invested capital was 21.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Northwest Bancshares have?
Northwest Bancshares had total debt of $446.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
What is Northwest Bancshares's dividend yield?
Northwest Bancshares's forward dividend yield is 5.36%. Northwest Bancshares paid $109.9 million in dividends in fiscal 2025 ($0.75 per share), a payout ratio of 87.2%.
What is Northwest Bancshares's free cash flow yield?
Northwest Bancshares generated $141.8 million of free cash flow in fiscal 2025, a free cash flow yield of 8.1% on its market value at year-end ($1.8 billion).
What is Northwest Bancshares's current ratio?
Northwest Bancshares's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.