NorthWestern Energy Group annual free cash flow
2021
2022
2023
2024
2025
NorthWestern Energy Group Free Cash Flow (FCF) History (NWE)
NorthWestern Energy Group reported −$130.0M in free cash flow for fiscal 2025, an increase of $12.5M from the previous fiscal year, with a free cash flow margin of −8.07%.
View full NorthWestern Energy Group company overviewNorthWestern Energy Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$130.0M | $12.5M | — | −8.07% |
| 2024 | 2024-12-31 | −$142.5M | −$64.8M | — | −9.41% |
| 2023 | 2023-12-31 | −$77.7M | $130.2M | — | −4.99% |
| 2022 | 2022-12-31 | −$207.9M | $6.5M | — | −14.25% |
| 2021 | 2021-12-31 | −$214.3M | — | — | −16.16% |
NorthWestern Energy Group quarterly free cash flow
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$114.9M | −$44.2M | — | −29.26% |
| Q1 2026 | 2026-03-31 | $43.3M | −$17.9M | −29.27% | +8.71% |
| Q4 2025 | 2025-12-31 | −$93.7M | −$7.8M | — | −22.63% |
| Q3 2025 | 2025-09-30 | −$26.9M | $6.3M | — | −6.95% |
| Q2 2025 | 2025-06-30 | −$70.6M | $5.7M | — | −20.61% |
| Q1 2025 | 2025-03-31 | $61.3M | $8.3M | +15.77% | +13.13% |
| Q4 2024 | 2024-12-31 | −$85.9M | $11.5M | — | −20.94% |
| Q3 2024 | 2024-09-30 | −$33.2M | −$22.2M | — | −9.67% |
| Q2 2024 | 2024-06-30 | −$76.3M | −$29.9M | — | −23.30% |
| Q1 2024 | 2024-03-31 | $52.9M | −$24.2M | −31.35% | +12.23% |
| Q4 2023 | 2023-12-31 | −$97.4M | — | — | −25.27% |
| Q3 2023 | 2023-09-30 | −$11.0M | — | — | −3.30% |
| Q2 2023 | 2023-06-30 | −$46.4M | — | — | −14.03% |
| Q1 2023 | 2023-03-31 | $77.1M | — | — | +15.22% |
NorthWestern Energy Group free cash flow growth trends
NorthWestern Energy Group's latest reported quarter, Q2 2026, generated −$114.9M in free cash flow, a decrease of $44.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review NorthWestern Energy Group filings at SEC.gov ↗