Northrop Grumman Corporation NOC
- Market cap
- $72.4B
- P/E
- 16.2×
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Northrop Grumman Corporation (NOC) Free cash flow margin
Northrop Grumman Corporation's free cash flow margin over the twelve months to 30 June 2026 was 8.50%, up 0.6 percentage points from fiscal 2025 (7.88%). Over the past ten years it has ranged from 4.43% (fiscal 2022) to 8.96% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Aerospace & Defense industry median of 0.00% and above the Industrials sector median of 2.43%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 7.88% | 1.49 |
| FY2024 | 6.39% | 1.05 |
| FY2023 | 5.34% | 0.91 |
| FY2022 | 4.43% | (1.84) |
| FY2021 | 6.27% | (2.13) |
| FY2020 | 8.40% | (0.56) |
| FY2019 | 8.96% | 0.39 |
| FY2018 | 8.57% | 2.09 |
| FY2017 | 6.48% | (1.18) |
| FY2016 | 7.66% | 0.47 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| HWM Howmet Aerospace Inc. compare | 22.1% |
| HEI Heico Corporation compare | 19.9% |
| HEI.A Heico Corporation compare | 19.9% |
| TDG Transdigm Group Incorporated compare | 19.3% |
| LHX L3Harris Technologies Inc compare | 12.2% |
| GD General Dynamics Corporation compare | 11.8% |
| LMT Lockheed Martin Corporation compare | 11.3% |
| NOC Northrop Grumman Corporation | 8.50% |
| RKLB Rocket Lab Corporation compare | −48.1% |
| Aerospace & Defense industry median | 0.00% |
| Industrials sector median | 2.43% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NOC
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- The full statement