NorthWestern Corporation

NWE Utilities Utilities Regulated Electric

NorthWestern Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 6.38% from fiscal 2024.

Revenue
+9.51%
EPS
−19.4%
Free cash flow
−5.54%
Total debt
+13.3%

Quarter to September 2026, against a year earlier

81.89 0.11 −0.13%
Market cap
$5.1B
P/E
30.8×
Fwd P/E
23.6×
Dividend yield
3.26%
F-score
6/9
Altman Z
0.86
Beneish M
−2.57
Dividend safety
31/100

NorthWestern Corporation (NWE) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, NorthWestern Corporation (NWE) trades at a EV/FCF of −44.5×. Over the past ten years it has ranged from −461× (April 2015) to 18,132× (March 2017); the current reading is higher than 34% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −55.5× —
FY2024 −43.8× —
FY2023 −75.3× —
FY2022 −28.6× —
FY2021 −25.6× —
FY2020 −100× —
FY2019 −304× —
FY2018 51.8× (47.86%)
FY2017 99.3× (99.44%)
FY2016 17,691× 35,058.05%

Quarterly newest first

Period EV/FCF Change
Sep 2026 −40.2× —
Jun 2026 −41.0× —
Mar 2026 −49.5× —
Dec 2025 −55.5× —
43 more quarters

Against its own ten years

Low −461× High 18,132×
Ten-year median −29.7×
Current reading's percentile 34

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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