Northrop Grumman Corporation
NOC Industrials Aerospace & Defense
Northrop Grumman Corporation’s revenue for fiscal 2025 (year ended December 2025) was $42.0 billion, up 2.24% from fiscal 2024. In the quarter to June 2026, revenue grew 5.07%, EPS fell 5.75%, free cash flow grew 53.5% and total debt fell 4.83%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for three.
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Northrop Grumman Corporation (NOC) EV/FCF
As of 9 October 2026, Northrop Grumman Corporation (NOC) trades at a EV/FCF of 22.1×. Over the past ten years it has ranged from 14.9× (October 2020) to 193× (September 2022); the current reading is higher than 22% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 28.0× | (7.50%) |
| FY2024 | 30.3× | (22.39%) |
| FY2023 | 39.0× | (31.97%) |
| FY2022 | 57.3× | 79.79% |
| FY2021 | 31.9× | 63.46% |
| FY2020 | 19.5× | (13.96%) |
| FY2019 | 22.7× | 6.57% |
| FY2018 | 21.3× | (36.45%) |
| FY2017 | 33.5× | 36.17% |
| FY2016 | 24.6× | 4.38% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 23.2× | (29.90%) |
| Mar 2026 | 33.1× | 18.09% |
| Dec 2025 | 28.0× | (48.86%) |
| Sep 2025 | 54.7× | (15.87%) |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| RKLB Rocket Lab Corporation compare | −110× |
| GD General Dynamics Corporation compare | 14.4× |
| LMT Lockheed Martin Corporation compare | 15.4× |
| LHX L3Harris Technologies Inc compare | 19.1× |
| NOC Northrop Grumman Corporation | 22.1× |
| HEI.A Heico Corporation compare | 32.4× |
| HEI Heico Corporation compare | 42.6× |
| HWM Howmet Aerospace Inc. compare | 46.4× |
| TDG Transdigm Group Incorporated compare | 48.6× |
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))
More on NOC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement