Northrop Grumman Corporation NOC
510.52
1.54
0.30%
as of 25 Sep
- Market cap
- $72.4B
- P/E
- 16.2×
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Northrop Grumman Corporation (NOC) Free cash flow
Northrop Grumman Corporation's free cash flow for fiscal 2025 was $3.3B, up 26.2% from $2.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was $3.6B. Over the past ten years it has ranged from $1.6B (fiscal 2022) to $3.3B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Northrop Grumman Corporation ranks 5th of 82 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.3B | 26.17% |
| FY2024 | $2.6B | 24.81% |
| FY2023 | $2.1B | 29.55% |
| FY2022 | $1.6B | (27.50%) |
| FY2021 | $2.2B | (27.64%) |
| FY2020 | $3.1B | 1.88% |
| FY2019 | $3.0B | 17.65% |
| FY2018 | $2.6B | 53.00% |
| FY2017 | $1.7B | (10.99%) |
| FY2016 | $1.9B | 11.95% |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $978.0M | — |
| Mar 2026 | −$1.8B | — |
| Dec 2025 | $3.2B | 157.56% |
| Sep 2025 | $1.3B | 97.17% |
| 42 more quarters | Free account |
Against its own ten years
Low $1.6B
High $3.3B
Ten-year median
$2.2B
Current reading's percentile
100
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LMT Lockheed Martin Corporation compare | $8.7B |
| GD General Dynamics Corporation compare | $6.4B |
| NOC Northrop Grumman Corporation | $3.6B |
| LHX L3Harris Technologies Inc compare | $2.8B |
| HWM Howmet Aerospace Inc. compare | $2.0B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| HEI Heico Corporation compare | $1.0B |
| HEI.A Heico Corporation compare | $1.0B |
| RKLB Rocket Lab Corporation compare | −$370.2M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on NOC
- Revenue
- Net income
- EBITDA
- 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
- The full statement