NorthWestern Corporation (NWE) — Cash Flow Reinvestment Rate
NorthWestern Corporation (NWE) has a Cash Flow Reinvestment Rate of 2.71x as of December 2025, reinvesting $152.07 Million (capex $149.92 Million plus investments $-2.15 Million) from operating cash flow of $56.18 Million. Explore NorthWestern Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore how large is NorthWestern Corporation's balance sheet for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for NorthWestern Corporation (1994–2025)
Year-by-year capital reinvestment analysis for NorthWestern Corporation. For live market cap and broader valuation context, see market cap of NorthWestern Corporation.
| 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 | — |