NorthWestern Corporation Cash Flow Quality Index
NorthWestern Corporation cash flow quality index. NorthWestern Corporation (NWE) has a Cash Flow Quality Index of 2.95x as of June 2026. Operating cash flow of $73.82 Million exceeds net income of $24.99 Million, indicating high earnings quality where cash backs reported profits. Explore NWE debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of NorthWestern Corporation (1994–2025)
Cash flow quality index of NorthWestern Corporation from 1994 to 2025. Historical Cash Flow Quality Index for NorthWestern Corporation across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. See NWE equity financing ratio to measure how much of total assets are equity-financed.
NorthWestern Corporation Cash Flow Quality Index by Year (1994–2025)
NorthWestern Corporation cash flow quality index by year from 1994 to 2025. Year-by-year earnings quality comparison for NorthWestern Corporation. For the full cash flow conversion analysis, see NWE operating cash flow.
| 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 | — |