NorthWestern Corporation (NWE) — Cash Flow Reinvestment Rate
NorthWestern Corporation (NWE) has a Cash Flow Reinvestment Rate of 2.57x as of June 2026, reinvesting $189.76 Million (capex $188.69 Million plus investments $-1.07 Million) from operating cash flow of $73.82 Million. See NorthWestern Corporation (NWE) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
NorthWestern Corporation Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for NorthWestern Corporation across 30 annual periods. For the full cash flow conversion analysis, see how efficiently does NorthWestern Corporation generate cash.
Annual Cash Flow Reinvestment Rate for NorthWestern Corporation (1994–2025)
Year-by-year capital reinvestment analysis for NorthWestern Corporation. See financial flexibility index of NorthWestern Corporation to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.36x | $534.69 Million | $394.45 Million | $524.46 Million | ▼ -50.0% |
| 2024 | 2.71x | $1.10 Billion | $406.74 Million | $549.24 Million | ▲ +19.9% |
| 2023 | 2.26x | $1.11 Billion | $489.23 Million | $566.89 Million | ▼ -32.6% |
| 2022 | 3.36x | $1.03 Billion | $307.24 Million | $515.14 Million | ▲ +69.5% |
| 2021 | 1.98x | $435.83 Million | $219.98 Million | $434.33 Million | ▲ +71.9% |
| 2020 | 1.15x | $405.80 Million | $352.15 Million | $405.76 Million | ▲ +8.2% |
| 2019 | 1.07x | $316.13 Million | $296.70 Million | $316.00 Million | ▲ +42.1% |
| 2018 | 0.75x | $286.47 Million | $381.99 Million | $283.97 Million | ▼ -56.1% |
| 2017 | 1.71x | $552.50 Million | $323.61 Million | $276.44 Million | ▼ -14.1% |
| 2016 | 1.99x | $574.45 Million | $289.01 Million | $287.90 Million | ▲ +136.0% |
| 2015 | 0.84x | $286.20 Million | $339.82 Million | $283.70 Million | ▼ -82.3% |
| 2014 | 4.77x | $1.19 Billion | $250.04 Million | $270.38 Million | ▲ +300.8% |
| 2013 | 1.19x | $230.45 Million | $193.72 Million | $230.45 Million | ▲ +36.3% |
| 2012 | 0.87x | $219.23 Million | $251.19 Million | $219.23 Million | ▲ +8.1% |
| 2011 | 0.81x | $188.73 Million | $233.76 Million | $188.73 Million | ▼ -22.6% |
| 2010 | 1.04x | $228.37 Million | $218.92 Million | $228.37 Million | ▼ -35.7% |
| 2009 | 1.62x | $189.36 Million | $116.80 Million | $189.36 Million | ▲ +158.1% |
| 2008 | 0.63x | $124.56 Million | $198.33 Million | $124.56 Million | ▲ +8.3% |
| 2007 | 0.58x | $117.08 Million | $201.96 Million | $117.08 Million | ▼ -2.5% |
| 2006 | 0.59x | $101.05 Million | $169.90 Million | $101.05 Million | ▲ +10.7% |
| 2005 | 0.54x | $80.88 Million | $150.51 Million | $80.88 Million | ▼ -84.2% |
| 2002 | 3.41x | $115.94 Million | $34.04 Million | $115.94 Million | ▲ +958.3% |
| 2001 | 0.32x | $40.87 Million | $127.00 Million | $40.87 Million | ▼ -23.1% |
| 2000 | 0.42x | $32.10 Million | $76.72 Million | $32.10 Million | ▼ -8.0% |
| 1999 | 0.45x | $32.60 Million | $71.70 Million | $32.60 Million | ▲ +40.6% |
| 1998 | 0.32x | $22.60 Million | $69.90 Million | $22.60 Million | ▼ -48.2% |
| 1997 | 0.62x | $39.10 Million | $62.70 Million | $39.10 Million | ▼ -36.4% |
| 1996 | 0.98x | $59.70 Million | $60.90 Million | $59.70 Million | ▼ -13.7% |
| 1995 | 1.14x | $40.20 Million | $35.40 Million | $40.20 Million | ▲ +31.6% |
| 1994 | 0.86x | $22.70 Million | $26.30 Million | $22.70 Million | — |