NWE
NorthWestern Corporation
NASDAQ: NWE · UTILITIES · UTILITIES - REGULATED ELECTRIC
$72.34
+1.40% today
Updated 2026-04-30
Market cap
$4.45B
P/E ratio
24.62
P/S ratio
2.76x
EPS (TTM)
$2.94
Dividend yield
3.64%
52W range
$49 – $75
Volume
0.5M
NorthWestern Corporation (NWE) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $169.90M | $201.96M | $198.33M | $116.80M | $218.92M | $233.76M | $251.19M | $193.72M | $250.04M | $339.82M | $289.01M | $323.61M | $381.99M | $296.70M | $352.15M | $219.98M | $307.24M | $489.23M | $406.74M | $394.45M |
| Capital expenditures | $101.05M | $117.08M | $124.56M | $189.36M | $228.37M | $188.73M | $219.23M | $230.45M | $270.38M | $283.70M | $287.90M | $276.44M | $283.97M | $316.00M | $405.76M | $434.33M | $515.14M | $566.89M | $549.24M | $524.46M |
| Depreciation | $75.31M | $82.42M | $85.07M | $89.04M | $91.77M | $100.93M | $106.04M | $112.83M | $5.03M | $2.26M | $2.12M | $4.79M | $4.64M | $5.86M | $179.68M | $187.42M | $5.32M | $210.47M | $227.63M | $4.42M |
| Stock-based comp | $3.18M | $-3.82M | $5.32M | $3.51M | $3.46M | $-88.58M | $3.66M | $6.00M | $5.40M | $5.08M | $6.73M | $5.56M | $7.68M | $8.01M | $4.15M | $5.35M | $5.49M | $5.18M | $4.72M | $6.99M |
| Free cash flow | $68.86M | $84.88M | $73.76M | $-72.56M | $-9.45M | $45.03M | $31.96M | $-36.74M | $-20.34M | $56.11M | $1.11M | $47.17M | $98.02M | $-19.30M | $-53.61M | $-214.35M | $-207.90M | $-77.66M | $-142.50M | $-130.00M |
| Investing cash flow | $-68.65M | $-256.50M | $-124.36M | $-189.03M | $-240.68M | $-188.52M | $-322.21M | $-295.35M | $-1.21B | $-384.06M | $-286.55M | $-276.06M | $-304.90M | $-316.15M | $-405.80M | $-435.83M | $-516.86M | $-570.81M | $-554.46M | $-570.63M |
| Financing cash flow | $-102.01M | $65.38M | $-75.44M | $65.28M | $23.65M | $-45.54M | $74.91M | $108.37M | $960.72M | $35.86M | $-9.37M | $-44.16M | $-73.80M | $16.20M | $58.68M | $217.52M | $213.32M | $84.31M | $151.55M | $177.90M |
| Dividends paid | $44.09M | $47.29M | $49.83M | $48.19M | $49.00M | $51.91M | $54.25M | $57.68M | $65.02M | $90.06M | $95.77M | $101.27M | $109.20M | $115.10M | $120.35M | $128.48M | $140.06M | $154.05M | $158.59M | $161.39M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $1.89M | $-306000.00 | $3.89M | $6.74M | $3.81M | $-8.38M | $-6.90M | $3.39M | $3.28M | $-3.24M | $5.03M | — | $3.70M | — | — | — |