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). See NorthWestern Corporation short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
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 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
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 market cap.
| 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 | — |