NorthWestern Corporation (NWE) — Free Cash Flow Generation Index
NorthWestern Corporation (NWE) has a Free Cash Flow Generation Index of -1.67x as of December 2025. Free cash flow of $-93.74 Million represents -2% of operating cash flow ($56.18 Million). Read NorthWestern Corporation (NWE) total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
NorthWestern Corporation Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for NorthWestern Corporation across 30 annual periods. Explore NWE capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for NorthWestern Corporation (1994–2025)
Year-by-year Free Cash Flow Generation Index for NorthWestern Corporation. For the full company profile including market capitalisation, see NWE company net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.33x | $-130.00 Million | $394.45 Million | $524.46 Million | ▲ +5.9% |
| 2024 | -0.35x | $-142.50 Million | $406.74 Million | $549.24 Million | ▼ -120.7% |
| 2023 | -0.16x | $-77.66 Million | $489.23 Million | $566.89 Million | ▲ +76.5% |
| 2022 | -0.68x | $-207.90 Million | $307.24 Million | $515.14 Million | ▲ +30.6% |
| 2021 | -0.97x | $-214.35 Million | $219.98 Million | $434.33 Million | ▼ -540.0% |
| 2020 | -0.15x | $-53.61 Million | $352.15 Million | $405.76 Million | ▼ -134.0% |
| 2019 | -0.07x | $-19.30 Million | $296.70 Million | $316.00 Million | ▼ -125.3% |
| 2018 | 0.26x | $98.02 Million | $381.99 Million | $283.97 Million | ▲ +76.0% |
| 2017 | 0.15x | $47.17 Million | $323.61 Million | $276.44 Million | ▲ +3691.8% |
| 2016 | 0.00x | $1.11 Million | $289.01 Million | $287.90 Million | ▼ -97.7% |
| 2015 | 0.17x | $56.11 Million | $339.82 Million | $283.70 Million | ▲ +302.9% |
| 2014 | -0.08x | $-20.34 Million | $250.04 Million | $270.38 Million | ▲ +57.1% |
| 2013 | -0.19x | $-36.74 Million | $193.72 Million | $230.45 Million | ▼ -249.1% |
| 2012 | 0.13x | $31.96 Million | $251.19 Million | $219.23 Million | ▼ -33.9% |
| 2011 | 0.19x | $45.03 Million | $233.76 Million | $188.73 Million | ▲ +546.1% |
| 2010 | -0.04x | $-9.45 Million | $218.92 Million | $228.37 Million | ▲ +93.0% |
| 2009 | -0.62x | $-72.56 Million | $116.80 Million | $189.36 Million | ▼ -267.0% |
| 2008 | 0.37x | $73.76 Million | $198.33 Million | $124.56 Million | ▼ -11.5% |
| 2007 | 0.42x | $84.88 Million | $201.96 Million | $117.08 Million | ▲ +3.7% |
| 2006 | 0.41x | $68.86 Million | $169.90 Million | $101.05 Million | ▼ -12.4% |
| 2005 | 0.46x | $69.63 Million | $150.51 Million | $80.88 Million | ▲ +119.2% |
| 2002 | -2.41x | $-81.90 Million | $34.04 Million | $115.94 Million | ▼ -454.7% |
| 2001 | 0.68x | $86.13 Million | $127.00 Million | $40.87 Million | ▲ +16.6% |
| 2000 | 0.58x | $44.63 Million | $76.72 Million | $32.10 Million | ▲ +6.7% |
| 1999 | 0.55x | $39.10 Million | $71.70 Million | $32.60 Million | ▼ -19.4% |
| 1998 | 0.68x | $47.30 Million | $69.90 Million | $22.60 Million | ▲ +79.8% |
| 1997 | 0.38x | $23.60 Million | $62.70 Million | $39.10 Million | ▲ +1810.2% |
| 1996 | 0.02x | $1.20 Million | $60.90 Million | $59.70 Million | ▲ +114.5% |
| 1995 | -0.14x | $-4.80 Million | $35.40 Million | $40.20 Million | ▼ -199.1% |
| 1994 | 0.14x | $3.60 Million | $26.30 Million | $22.70 Million | — |