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 investment intensity of NorthWestern Corporation to see how much of total assets are deployed in long-term investments.
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 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 NWE company net worth.
| 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 | — |