NorthWestern Corporation (NWE) — 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 debt repayment capacity of NorthWestern Corporation to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see NWE operating cash flow.
Annual Cash Flow Quality Index for NorthWestern Corporation (1994–2025)
Year-by-year earnings quality comparison for NorthWestern Corporation.
| 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 | — |