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Northrop Grumman Corporation

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

524.83 0.52 −0.10%

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Market cap: $74.6B
P/E: 16.5×
Fwd P/E: 18.7×
Dividend yield: 1.82%
F-score: 6/9
Altman Z: 3.01
Beneish M: −2.42
Dividend safety: 82/100

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Northrop Grumman Corporation (NOC) Price to free cash flow

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As of 5 November 2026, Northrop Grumman Corporation (NOC) trades at a price to free cash flow of 17.8×. Over the past ten years it has ranged from 12.5× (October 2020) to 167× (September 2022); the current reading is higher than 14% of that period. That is below the Aerospace & Defense industry median of 31.7× and below the Industrials sector median of 19.6×.

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<iframe src="https://stockrow.com/embed/NOC/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Northrop Grumman Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NOC/metrics/price-to-free-cash-flow">Northrop Grumman Corporation (NOC) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	24.7×	(5.99%)
FY2024	26.3×	(22.39%)
FY2023	33.9×	(34.32%)
FY2022	51.6×	86.07%
FY2021	27.7×	68.40%
FY2020	16.5×	(14.18%)
FY2019	19.2×	16.36%
FY2018	16.5×	(47.77%)
FY2017	31.6×	42.32%
FY2016	22.2×	4.97%

Period	Price to free cash flow	Change
Sep 2026	16.4×	(17.59%)
Jun 2026	19.9×	(32.33%)
Mar 2026	29.3×	18.55%
Dec 2025	24.7×	(47.96%)
43 more quarters	Free account

Against its own ten years

Low 12.5× High 167×

Ten-year median 24.8×

Current reading's percentile 14

Company	Price to free cash flow
HONA Honeywell Aerospace inc. compare	n/m
LHX L3Harris Technologies Inc compare	13.2×
LMT Lockheed Martin Corporation compare	15.9×
GD General Dynamics Corporation compare	16.7×
NOC Northrop Grumman Corporation	17.8×
HEI.A Heico Corporation compare	33.0×
TDG Transdigm Group Incorporated compare	35.5×
HWM Howmet Aerospace Inc. compare	37.2×
HEI Heico Corporation compare	44.3×
Aerospace & Defense industry median	31.7×
Industrials sector median	19.6×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Northrop Grumman Corporation (NOC) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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