NorthWestern Corporation (NWE) — Capital Reinvestment Ratio
NorthWestern Corporation (NWE) has a Capital Reinvestment Ratio of 2.67x as of December 2025, meaning it reinvests 3% of its operating cash flow ($56.18 Million) in capital expenditures ($149.92 Million). See NorthWestern Corporation (NWE) balance sheet quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
NorthWestern Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks NorthWestern Corporation's Capital Reinvestment Ratio across 30 annual periods. Check NWE cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for NorthWestern Corporation (1994–2025)
Year-by-year Capital Reinvestment Ratio for NorthWestern Corporation from 1994 to 2025. For live market cap and broader valuation context, see NWE stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.33x | $394.45 Million | $524.46 Million | ▼ -1.5% |
| 2024 | 1.35x | $406.74 Million | $549.24 Million | ▲ +16.5% |
| 2023 | 1.16x | $489.23 Million | $566.89 Million | ▼ -30.9% |
| 2022 | 1.68x | $307.24 Million | $515.14 Million | ▼ -15.1% |
| 2021 | 1.97x | $219.98 Million | $434.33 Million | ▲ +71.4% |
| 2020 | 1.15x | $352.15 Million | $405.76 Million | ▲ +8.2% |
| 2019 | 1.07x | $296.70 Million | $316.00 Million | ▲ +43.3% |
| 2018 | 0.74x | $381.99 Million | $283.97 Million | ▼ -13.0% |
| 2017 | 0.85x | $323.61 Million | $276.44 Million | ▼ -14.2% |
| 2016 | 1.00x | $289.01 Million | $287.90 Million | ▲ +19.3% |
| 2015 | 0.83x | $339.82 Million | $283.70 Million | ▼ -22.8% |
| 2014 | 1.08x | $250.04 Million | $270.38 Million | ▼ -9.1% |
| 2013 | 1.19x | $193.72 Million | $230.45 Million | ▲ +36.3% |
| 2012 | 0.87x | $251.19 Million | $219.23 Million | ▲ +8.1% |
| 2011 | 0.81x | $233.76 Million | $188.73 Million | ▼ -22.6% |
| 2010 | 1.04x | $218.92 Million | $228.37 Million | ▼ -35.7% |
| 2009 | 1.62x | $116.80 Million | $189.36 Million | ▲ +158.1% |
| 2008 | 0.63x | $198.33 Million | $124.56 Million | ▲ +8.3% |
| 2007 | 0.58x | $201.96 Million | $117.08 Million | ▼ -2.5% |
| 2006 | 0.59x | $169.90 Million | $101.05 Million | ▲ +10.7% |
| 2005 | 0.54x | $150.51 Million | $80.88 Million | ▼ -84.2% |
| 2002 | 3.41x | $34.04 Million | $115.94 Million | ▲ +958.3% |
| 2001 | 0.32x | $127.00 Million | $40.87 Million | ▼ -23.1% |
| 2000 | 0.42x | $76.72 Million | $32.10 Million | ▼ -8.0% |
| 1999 | 0.45x | $71.70 Million | $32.60 Million | ▲ +40.6% |
| 1998 | 0.32x | $69.90 Million | $22.60 Million | ▼ -48.2% |
| 1997 | 0.62x | $62.70 Million | $39.10 Million | ▼ -36.4% |
| 1996 | 0.98x | $60.90 Million | $59.70 Million | ▼ -13.7% |
| 1995 | 1.14x | $35.40 Million | $40.20 Million | ▲ +31.6% |
| 1994 | 0.86x | $26.30 Million | $22.70 Million | — |