NorthWestern Corporation (NWE) — Free Cash Flow Generation Index
NorthWestern Corporation (NWE) has a Free Cash Flow Generation Index of -1.56x as of June 2026. Free cash flow of $-114.87 Million represents -2% of operating cash flow ($73.82 Million). Explore NorthWestern Corporation capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see NorthWestern Corporation cash flow conversion.
Annual Free Cash Flow Generation for NorthWestern Corporation (1994–2025)
Year-by-year Free Cash Flow Generation Index for NorthWestern Corporation. Check how aggressively does NorthWestern Corporation reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |