stockrowNorthrop 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.
- Revenue
- +6.71%
- EPS
- +2.86%
- Free cash flow
- +44.1%
- Total debt
- −4.81%
Quarter to September 2026, against a year earlier
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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 September 2026 it was $4.2B. 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 89 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
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Annual newest first
| 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 newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $1.8B | 85.07% |
| Jun 2026 | $978.0M | — |
| Mar 2026 | −$1.8B | — |
| Dec 2025 | $3.2B | 157.56% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LMT Lockheed Martin Corporation compare | $8.4B |
| GD General Dynamics Corporation compare | $5.8B |
| NOC Northrop Grumman Corporation | $4.2B |
| LHX L3Harris Technologies Inc compare | $3.7B |
| HWM Howmet Aerospace Inc. compare | $2.2B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| HEI Heico Corporation compare | $1.0B |
| HEI.A Heico Corporation compare | $1.0B |
| HONA Honeywell Aerospace inc. compare | — |
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)
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- Revenue
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