Pricing Log in Create free account
Saturday 17 October 2026 Export NOC’s income statement to Excel — free account

Northrop 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. In the quarter to June 2026, revenue grew 5.07%, EPS fell 5.75%, free cash flow grew 53.5% and total debt fell 4.83%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for three.

519.86 20.23 +4.05%
Market cap
$71.0B
P/E
16.5×
Fwd P/E
19.5×
Dividend yield
1.84%
F-score
6/9
Altman Z
3.01
Beneish M
−2.42
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Northrop Grumman Corporation (NOC) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Northrop Grumman Corporation (NOC) trades at a price to free cash flow of 20.3×. Over the past ten years it has ranged from 12.5× (October 2020) to 167× (September 2022); the current reading is higher than 29% of that period. That is below the Aerospace & Defense industry median of 32.0× and in line with the Industrials sector median of 20.1×.

Price to free cash flow, daily

Embed this chart

Annual newest first

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%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 19.9× (32.33%)
Mar 2026 29.3× 18.55%
Dec 2025 24.7× (47.96%)
Sep 2025 47.5× (13.45%)
42 more quarters

Against its own ten years

Low 12.5× High 167×
Ten-year median 24.8×
Current reading's percentile 29

Price to free cash flow against peers

Company Price to free cash flow
GD General Dynamics Corporation compare 14.4×
LMT Lockheed Martin Corporation compare 14.6×
LHX L3Harris Technologies Inc compare 16.5×
NOC Northrop Grumman Corporation 20.3×
HEI.A Heico Corporation compare 31.6×
TDG Transdigm Group Incorporated compare 33.9×
HEI Heico Corporation compare 42.0×
HWM Howmet Aerospace Inc. compare 43.8×
ESLT Elbit Systems Ltd. compare 51.7×
Aerospace & Defense industry median 32.0×
Industrials sector median 20.1×
Market median 14.2×

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 →

More on NOC