NorthWestern Corporation (NWE) — Financial Flexibility Index
NorthWestern Corporation (NWE) has a Financial Flexibility Index of 0.04x as of December 2025. Free cash flow of $206.10 Million (operating CF $56.18 Million minus capex $149.92 Million) represents 0% of total liabilities ($5.57 Billion). Check NorthWestern Corporation strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
NorthWestern Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for NorthWestern Corporation across 32 annual periods. See NWE current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for NorthWestern Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for NorthWestern Corporation. For the full company profile including market capitalisation, see NWE market cap overview.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.16x | $918.91 Million | $394.45 Million | $5.57 Billion | ▼ -11.4% |
| 2024 | 0.19x | $955.99 Million | $406.74 Million | $5.14 Billion | ▼ -15.2% |
| 2023 | 0.22x | $1.06 Billion | $489.23 Million | $4.82 Billion | ▲ +24.1% |
| 2022 | 0.18x | $822.38 Million | $307.24 Million | $4.65 Billion | ▲ +20.0% |
| 2021 | 0.15x | $654.31 Million | $219.98 Million | $4.44 Billion | ▼ -16.2% |
| 2020 | 0.18x | $757.91 Million | $352.15 Million | $4.31 Billion | ▲ +11.1% |
| 2019 | 0.16x | $612.70 Million | $296.70 Million | $3.87 Billion | ▼ -12.0% |
| 2018 | 0.18x | $665.95 Million | $381.99 Million | $3.70 Billion | ▲ +8.6% |
| 2017 | 0.17x | $600.05 Million | $323.61 Million | $3.62 Billion | ▲ +9.8% |
| 2016 | 0.15x | $576.91 Million | $289.01 Million | $3.82 Billion | ▼ -11.0% |
| 2015 | 0.17x | $623.52 Million | $339.82 Million | $3.68 Billion | ▲ +13.9% |
| 2014 | 0.15x | $520.42 Million | $250.04 Million | $3.50 Billion | ▼ -5.8% |
| 2013 | 0.16x | $424.17 Million | $193.72 Million | $2.68 Billion | ▼ -14.3% |
| 2012 | 0.18x | $470.43 Million | $251.19 Million | $2.55 Billion | ▲ +2.6% |
| 2011 | 0.18x | $422.49 Million | $233.76 Million | $2.35 Billion | ▼ -10.9% |
| 2010 | 0.20x | $447.29 Million | $218.92 Million | $2.22 Billion | ▲ +32.3% |
| 2009 | 0.15x | $306.16 Million | $116.80 Million | $2.01 Billion | ▼ -5.6% |
| 2008 | 0.16x | $322.89 Million | $198.33 Million | $2.00 Billion | ▼ -12.7% |
| 2007 | 0.19x | $319.05 Million | $201.96 Million | $1.72 Billion | ▲ +12.9% |
| 2006 | 0.16x | $270.95 Million | $169.90 Million | $1.65 Billion | ▲ +17.8% |
| 2005 | 0.14x | $231.39 Million | $150.51 Million | $1.66 Billion | ▲ +2879.8% |
| 2004 | 0.00x | $7.96 Million | $-9.77 Million | $1.70 Billion | ▲ +161.2% |
| 2003 | -0.01x | $-23.12 Million | $-93.86 Million | $3.03 Billion | ▼ -115.9% |
| 2002 | 0.05x | $149.98 Million | $34.04 Million | $3.12 Billion | ▼ -41.7% |
| 2001 | 0.08x | $167.87 Million | $127.00 Million | $2.03 Billion | ▲ +65.1% |
| 2000 | 0.05x | $108.82 Million | $76.72 Million | $2.18 Billion | ▼ -38.1% |
| 1999 | 0.08x | $104.30 Million | $71.70 Million | $1.29 Billion | ▼ -7.3% |
| 1998 | 0.09x | $92.50 Million | $69.90 Million | $1.06 Billion | ▼ -37.0% |
| 1997 | 0.14x | $101.80 Million | $62.70 Million | $736.00 Million | ▼ -12.9% |
| 1996 | 0.16x | $120.60 Million | $60.90 Million | $759.40 Million | ▼ -16.0% |
| 1995 | 0.19x | $75.60 Million | $35.40 Million | $399.70 Million | ▼ -6.7% |
| 1994 | 0.20x | $49.00 Million | $26.30 Million | $241.80 Million | — |