Headwater Exploration Inc (HWX) — Free Cash Flow Generation Index
Headwater Exploration Inc (HWX) has a Free Cash Flow Generation Index of -0.67x as of March 2026. Free cash flow of CA$-26.67 Million represents -1% of operating cash flow (CA$40.07 Million). Explore Headwater Exploration Inc 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
Headwater Exploration Inc Free Cash Flow Generation Index (1995–2025)
Historical FCF Generation Index trend for Headwater Exploration Inc across 27 annual periods. For the full cash flow conversion analysis, see HWX cash flow conversion.
Annual Free Cash Flow Generation for Headwater Exploration Inc (1995–2025)
Year-by-year Free Cash Flow Generation Index for Headwater Exploration Inc. Check Headwater Exploration Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.37x | CA$112.02 Million | CA$299.14 Million | CA$187.12 Million | ▲ +26.4% |
| 2024 | 0.30x | CA$93.87 Million | CA$316.74 Million | CA$222.87 Million | ▲ +42.1% |
| 2023 | 0.21x | CA$63.25 Million | CA$303.32 Million | CA$240.07 Million | ▲ +69.1% |
| 2022 | 0.12x | CA$35.00 Million | CA$283.93 Million | CA$248.92 Million | ▲ +147.9% |
| 2021 | -0.26x | CA$-28.73 Million | CA$111.66 Million | CA$140.39 Million | ▲ +99.8% |
| 2020 | -151.43x | CA$-34.83 Million | CA$230.00K | CA$35.06 Million | ▼ -16511.3% |
| 2019 | 0.92x | CA$8.18 Million | CA$8.86 Million | CA$685.00K | ▲ +13.9% |
| 2018 | 0.81x | CA$9.62 Million | CA$11.87 Million | CA$2.25 Million | ▼ -10.6% |
| 2017 | 0.91x | CA$976.00K | CA$1.08 Million | CA$101.00K | ▲ +2.7% |
| 2016 | 0.88x | CA$3.16 Million | CA$3.58 Million | CA$420.00K | ▼ -7.0% |
| 2015 | 0.95x | CA$7.40 Million | CA$7.80 Million | CA$399.00K | ▲ +290.2% |
| 2014 | -0.50x | CA$-6.39 Million | CA$12.80 Million | CA$19.19 Million | ▼ -156.1% |
| 2013 | 0.89x | CA$8.61 Million | CA$9.68 Million | CA$1.07 Million | ▼ -7.6% |
| 2012 | 0.96x | CA$5.06 Million | CA$5.26 Million | CA$201.00K | ▲ +508.9% |
| 2011 | 0.16x | CA$1.68 Million | CA$10.63 Million | CA$8.95 Million | ▲ +129.1% |
| 2010 | -0.54x | CA$-7.69 Million | CA$14.18 Million | CA$21.87 Million | ▼ -214.4% |
| 2009 | -0.17x | CA$-5.65 Million | CA$32.71 Million | CA$38.36 Million | ▲ +66.2% |
| 2008 | -0.51x | CA$-26.95 Million | CA$52.78 Million | CA$79.73 Million | ▲ +92.0% |
| 2007 | -6.36x | CA$-97.77 Million | CA$15.38 Million | CA$113.15 Million | ▲ +88.6% |
| 2006 | -55.60x | CA$-29.41 Million | CA$529.00K | CA$29.94 Million | ▼ -922.1% |
| 2005 | -5.44x | CA$-11.11 Million | CA$2.04 Million | CA$13.16 Million | ▼ -650.0% |
| 2004 | 0.99x | CA$1.46 Million | CA$1.47 Million | CA$16.24K | ▲ +5.5% |
| 2003 | 0.94x | CA$320.95K | CA$342.52K | CA$21.56K | ▲ +106.4% |
| 2002 | -14.63x | CA$-4.71 Million | CA$322.16K | CA$5.03 Million | ▼ -67.1% |
| 1998 | -8.75x | CA$-3.26 Million | CA$372.77K | CA$3.64 Million | ▼ -1058.3% |
| 1997 | 0.91x | CA$307.19K | CA$336.35K | CA$29.16K | ▼ -8.7% |
| 1995 | 1.00x | CA$28.19K | CA$28.19K | CA$0.00 | — |