NorthWestern Corporation (NWE) — Cash Flow Quality Index
NorthWestern Corporation (NWE) has a Cash Flow Quality Index of 1.26x as of December 2025. Operating cash flow of $56.18 Million exceeds net income of $44.69 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow conversion of NorthWestern Corporation to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
NorthWestern Corporation Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for NorthWestern Corporation across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check NorthWestern Corporation (NWE) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for NorthWestern Corporation (1994–2025)
Year-by-year earnings quality comparison for NorthWestern Corporation. For live market cap and the full company financial profile, see NorthWestern Corporation (NWE) total market value.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.18x | $394.45 Million | $181.09 Million | ▲ +20.0% |
| 2024 | 1.81x | $406.74 Million | $224.11 Million | ▼ -28.0% |
| 2023 | 2.52x | $489.23 Million | $194.13 Million | ▲ +50.1% |
| 2022 | 1.68x | $307.24 Million | $183.01 Million | ▲ +42.6% |
| 2021 | 1.18x | $219.98 Million | $186.84 Million | ▼ -48.1% |
| 2020 | 2.27x | $352.15 Million | $155.22 Million | ▲ +54.5% |
| 2019 | 1.47x | $296.70 Million | $202.10 Million | ▼ -24.3% |
| 2018 | 1.94x | $381.99 Million | $196.96 Million | ▼ -2.5% |
| 2017 | 1.99x | $323.61 Million | $162.70 Million | ▲ +13.0% |
| 2016 | 1.76x | $289.01 Million | $164.17 Million | ▼ -21.7% |
| 2015 | 2.25x | $339.82 Million | $151.21 Million | ▲ +8.5% |
| 2014 | 2.07x | $250.04 Million | $120.69 Million | ▲ +0.5% |
| 2013 | 2.06x | $193.72 Million | $93.98 Million | ▼ -19.3% |
| 2012 | 2.55x | $251.19 Million | $98.41 Million | ▲ +1.1% |
| 2011 | 2.53x | $233.76 Million | $92.56 Million | ▼ -10.7% |
| 2010 | 2.83x | $218.92 Million | $77.38 Million | ▲ +77.8% |
| 2009 | 1.59x | $116.80 Million | $73.42 Million | ▼ -45.8% |
| 2008 | 2.93x | $198.33 Million | $67.60 Million | ▼ -22.7% |
| 2007 | 3.80x | $201.96 Million | $53.19 Million | ▼ -15.3% |
| 2006 | 4.48x | $169.90 Million | $37.90 Million | ▲ +77.1% |
| 2005 | 2.53x | $150.51 Million | $59.47 Million | ▼ -11.3% |
| 2001 | 2.85x | $127.00 Million | $44.53 Million | ▲ +88.1% |
| 2000 | 1.52x | $76.72 Million | $50.60 Million | ▼ -5.5% |
| 1999 | 1.60x | $71.70 Million | $44.70 Million | ▼ -37.4% |
| 1998 | 2.56x | $69.90 Million | $27.30 Million | ▼ -3.2% |
| 1997 | 2.65x | $62.70 Million | $23.70 Million | ▲ +1.7% |
| 1996 | 2.60x | $60.90 Million | $23.40 Million | ▲ +33.8% |
| 1995 | 1.95x | $35.40 Million | $18.20 Million | ▲ +13.9% |
| 1994 | 1.71x | $26.30 Million | $15.40 Million | — |