Northrop Grumman Corporation NOC

510.52 1.54 0.30% as of 25 Sep
Market cap
$72.4B
P/E
16.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Low 4.43% High 8.96%
Ten-year median 7.19%
Current reading's percentile 73

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

The full definition of Free cash flow margin →

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