NorthWestern Corporation Capital Reinvestment Ratio
NorthWestern Corporation capital reinvestment ratio. NorthWestern Corporation (NWE) has a Capital Reinvestment Ratio of 2.56x as of June 2026, meaning it reinvests 3% of its operating cash flow ($73.82 Million) in capital expenditures ($188.69 Million). See NWE cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of NorthWestern Corporation (1994–2025)
Capital reinvestment ratio of NorthWestern Corporation from 1994 to 2025. This chart tracks NorthWestern Corporation's Capital Reinvestment Ratio across 30 annual periods. See financial flexibility index of NorthWestern Corporation to measure the company's free cash flow as a share of total liabilities.
NorthWestern Corporation Capital Reinvestment Ratio by Year (1994–2025)
NorthWestern Corporation capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see NorthWestern Corporation cash flow conversion.
| 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 | — |