NorthWestern Corporation Financial Flexibility Index
NorthWestern Corporation financial flexibility index. NorthWestern Corporation (NWE) has a Financial Flexibility Index of 0.05x as of June 2026. Free cash flow of $262.51 Million (operating CF $73.82 Million minus capex $188.69 Million) represents 0% of total liabilities ($5.81 Billion). Explore NWE capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of NorthWestern Corporation (1994–2025)
Financial flexibility index of NorthWestern Corporation from 1994 to 2025. Historical Financial Flexibility Index trend for NorthWestern Corporation across 32 annual periods. Check cash flow reinvestment rate of NorthWestern Corporation to assess the company's total reinvestment commitment from operating cash flow.
NorthWestern Corporation Financial Flexibility Index by Year (1994–2025)
NorthWestern Corporation financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for NorthWestern Corporation. For the full cash flow conversion analysis, see NorthWestern Corporation (NWE) cash flow conversion.
| 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 | — |